Topic: Ok. Number of Bitcoin transaction increased double. Expect price increasing? - page 4. (Read 963 times)
January 15, 2020, 08:45:15 AM
The number of transactions is not the basis of an increase in the price of bitcoin. Yes it can cause a price increase but don't expect that much. Let's not forget that not all increasing transactions aren't from new people making transactions with Bitcoin. Multiple transactions can be done by a single person so don't expect much.
January 14, 2020, 02:10:38 PM
You heard wrong or the guy telling you this was lying...
Yeah, even if it was true I don't think there's any sort of correlation between bitcoin transactions and price--or if there is, it's not necessarily a proportional one. Guess it doesn't matter since OP's premise is wrong anyway.Let's keep shitcoins in the shitcoin sections, right?
Not sure why OP even mentioned that coin/token here. Makes me a wee bit suspicious as to his motivation for starting this thread. If it's an airdrop, it's almost guaranteed to be a piece of crap that's not worth holding even if you got it for free. January 14, 2020, 12:34:31 PM
https://bitinfocharts.com/comparison/bitcoin-transactions.html#6m
Transaction volume on-chain is actually going down slowly. Not sure what gave you the impression that it doubled, but that's simply not true.
https://bitinfocharts.com/comparison/ethereum-transactions.html#6m
Ethereum transactions saw a decline in the same period as well, which is indicative of how poor the sentiment is. People are more active when prices are going up then slowly exit when the price doesn't want to go up anymore.
That is really interesting information, when I look at the chart of bitcoin we can clearly see to peaks in the number of transactions and those peaks coincide with the all time high that we got at the end of 2017 and with the higher price that we reached during 2019.Transaction volume on-chain is actually going down slowly. Not sure what gave you the impression that it doubled, but that's simply not true.
https://bitinfocharts.com/comparison/ethereum-transactions.html#6m
Ethereum transactions saw a decline in the same period as well, which is indicative of how poor the sentiment is. People are more active when prices are going up then slowly exit when the price doesn't want to go up anymore.
So there seems to be in fact some kind of correlation, even if it's week, between the number of transactions and the price and as you say it is clear the number of transactions has not doubled if that did in fact happen then the price of bitcoin should most likely be above its all time high.
January 14, 2020, 12:14:37 PM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
January 14, 2020, 12:26:37 PM
So i heard that the number of Bitcoin transaction increased double recently.
Where you heard that? It is wrong information. This are number of Bitcoin transactions in last year.
Bitcoin
Jan 2020 9,387,399
Dec 2019 9,430,057
Nov 2019 9,243,776
Oct 2019 9,892,853
Sep 2019 9,798,992
Aug 2019 10,169,294
Jul 2019 10,305,251
Jun 2019 10,486,006
May 2019 11,505,497
Apr 2019 11,003,022
Mar 2019 9,457,625
Feb 2019 9,269,096
You can see that number of transactions is almost identical as a year ago. And is slightly in decrease from May.
January 14, 2020, 06:32:17 AM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
January 14, 2020, 05:41:26 AM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
January 14, 2020, 03:55:19 AM
The increase in the number of transactions won't reflect directly in the increase in price of bitcoin. The increase in the transactions cause the market circulation to be high. This means it cause continued price fluctuation, and the inflow of investment by the time end up with the increase in the price of bitcoin. More the number of transactions more is the growth taking it to mainstream usage.
January 14, 2020, 02:36:03 AM
The Bitcoin transactions did not double. Stop posting blatant lies.
The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
I guess he compares 2015 vs after. Otherwise, the number of transactions has not increased recently. BPX should be what he wants to show us, which we have been recently facing in the altcoin discussion. He started such a made up title because a topic about BPX could not be started in this section. Check his recent posts, you will see what he is trying to do.The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
January 13, 2020, 03:43:45 PM
The Bitcoin transactions did not double. Stop posting blatant lies.
The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
I guess he compares 2015 vs after. Otherwise, the number of transactions has not increased recently. BPX should be what he wants to show us, which we have been recently facing in the altcoin discussion. He started such a made up title because a topic about BPX could not be started in this section. Check his recent posts, you will see what he is trying to do. The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
January 13, 2020, 09:11:27 AM
The Bitcoin transactions did not double. Stop posting blatant lies.
The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
Here is a all time chart of the transactions:
The transactions are capped by the block size, the only variable which might change is the fluctuating transaction fee cost.
Here is a all time chart of the transactions:
January 13, 2020, 08:50:56 AM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
Better not expect from airdropped tokens. Were are on the year 2020 now, it is not like what it is when it was 2017, where airdropped and free tokens could be worth hundreds of bucks.
for the bitcoin transaction,well it is good for the community of crypto, see what a lively market is from the perspective of what you see on the real market on malls were there are hundreds of thousands of people busy trading and buying what ever it is they are selling. There are only differences though.
January 13, 2020, 08:48:18 AM
Likely these are people that don't have a large stockpile hoarded yet and trying to get more in before the halving. Or who knows, maybe whales are slowly driving up the price now to magnify the effect of any increased demand close to halving.
Whichever the reason, just stick to a plan and you wouldn't be disappointed.
Whichever the reason, just stick to a plan and you wouldn't be disappointed.
January 13, 2020, 08:26:51 AM
There are two reasons behind the increase of price is probably the recent events in the US and Iran tension where US government killed Iran's top general Qassem Soleimani that resulted in a FUD in the stock market and people fled into findings safe havens assets, so they wont get hit by a supposedly massive dump. Secondly due to the incoming bitcoin halving.
January 13, 2020, 07:53:56 AM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Can you please share the source from where you have learnt this information? It is indeed a very valuable information if true! Because if the number of transactions are doubled, we can safely assume that the demand of bitcoin has increased and the price is going to increase in near future! But without a credible source, such kind of information makes no sense!
January 13, 2020, 07:43:54 AM
Any source of OP from transactions doubled? Might have been a local exchange but still should have been generally known with the statistics out there. But I still doubt number of transactions could be directly related to price increase, especially since a single trader could have hundreds of transactions by himself and no actual profit is actually circulating. Just that the coins are being transferred in and out of some wallets the owner himself owns.
January 13, 2020, 07:37:30 AM
Honestly I don't see direct connection between increased number of Bitcoin transactions and price increase. Reasons for that could vary and it's not the same if these are selling or buying transactions.
It seems that everyone is so eager to see price growing that they are trying to find all possible reasons for that.
It seems that everyone is so eager to see price growing that they are trying to find all possible reasons for that.
January 13, 2020, 07:07:45 AM
So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
Not sure where you are getting your information from.
According to the following chart, bitcoin transactions are at about 293,000 per day, which is where they've been for sometime. And transactions are DOWN compared to last March:
https://bitinfocharts.com/comparison/bitcoin-transactions.html
January 13, 2020, 06:42:43 AM
I don't know of the transaction of the bitcoin increasing is the affect of why bitcoin is increasing in the last few weeks upto this now. But mayne if the transaction of this coin increasing is I hope it will rise more if those people are buying bitcoin not selling their bitcoin.
But until now still unknown if we expect bitcoin grow the value because of growing the trasaction.
But until now still unknown if we expect bitcoin grow the value because of growing the trasaction.
January 13, 2020, 06:13:31 AM
if you may know where you got the information data from, it seems that what is increasing is the amount of hashrate not on transactions, about the rising price of bitcoin everyone is certainly waiting for it to come soon but it's better to walk slowly, the matter of your airdrop token does not really provide complete information about the project, but if it's obtained for free you can save it if you want, if the token is worthless and has no price, at least you don't feel disadvantaged too much and lose a lot of money
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