er
7 years ago in #bitcoin by bitcoinflood (79)
$8.77
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Actually 350,000 TX happen per day. https://transactionfee.info/charts/payments/perDay However it bc of batching aka sending more than 10 tx as one tx. As such it the same level but you don't notice it. Bitcoin is not working harder but smarter. LN is also up so that cool!
That very well could be the case too with lightning network and batching etc it is a diff rent story. Makes it hard then to see the real volume of movement. But it seems all internal there really no use cases I can think of yet for bitcoin. Im still waiting for some bit news out of ethereum and SMT etc for this year seems like its all going to be crammed in the last 3 months of the year so far lol.
I agree, velocity of money is a factor in any currency. I do think that demand for bitcoin has gone down, and the miners are probably trying to liquidate coins they have obtained. One other factor I have been making, liquidity is tough in bitcoin and all crypto. Bitcoin is probably the most liquid, but demand for it is low, so we will see the price go down.
4 years ago none of my friends heard of bitcoin when I started buying some. Today they all have heard of it, and many have considered buying if not already bought. Then they got destroyed since January. They hype is gone with “non-bitcoiners” which is probably good for the technology so it can catch up, and be able to perform during the next wave of hype.
It only will get better, but for prices to increase exponentially like last year, that’ll be a while.
But hell, I said that at $1000, and at $2000, and at $4000, and at $10,000
I think you're right that a large part of the value is determined by usage. I hope that some good news about BTC and other currencies will go viral so we can get one step closer to mass adoption!
@bitcoinflood I agree with everything you just said. In fact it will be interesting to see what Social Wallet @socialwallet will be like after the ICO is finished this week.........
Checking that out now thanks!
You wrote exchanges wrong in the tags. Don't know if you can change that, but if you can, do that.
Right now is a great time to buy, I would agree. Not sure what I would personally buy aside from steem though, there are better experts for that.
ops thanks for that :)
I got your back.
I totally agree that it's a good buying opportunity time.
You are very optimistic! Keep being optimistic and the day will come soon!
I agree on that, although I would sum it up as how much a blockchain is used for daily needs. For crypto currencies the value is in exchanging, but for most crypto there are more factors for value.
yep. i will continue posting daily (have since dec 17). it's a pattern/commitment at this point and i have no need to stop. in it for the long haul!
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Why no real case use - I use it to get paid crypto for my music! LOL Thank you for uplifting message, I still no know sht, but feel like it can back up and we have more hype on artful platforms now powered with crypto! Cheers Mr Flood! :)
☮ Silent Zen ~ Indie ~ Music ~ Photo ~ Art ~ Support ☮
