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Title: [2018-11-25]Making Payments Using Bitcoin Highly Declined in 2018, Study Reveals Post by: Vladdirescu87 on November 25, 2018, 10:46:34 PM Bitcoin use for commercial payments has largely dropped in 2018, according to a study conducted by Chainalysis as cited by Reuters.
To conduct this study, Chainalysis purportedly prospected 17 Bitcoin (BTC) payment processors. The total amount of BTC managed by significant payment processors purportedly fell by around 80% since 2018 started, to September. Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/making-payments-using-bitcoin/ https://coinidol.com/upload/resize_cache/iblock/75a/900_900_1/75a89eb1183ff35970911a32e3eb44c0.png Title: Re: [2018-11-25]Making Payments Using Bitcoin Highly Declined in 2018, Study Reveals Post by: Kakmakr on November 26, 2018, 08:00:10 AM This was to be expected with a 80% decline in the value of the coin. Why would people want to spend their hoarded bitcoins in a time when those coins are valued less than 80% of their previous value?
Most people also do not buy back the bitcoins that they used, so they take huge potential profit knocks when the price recover again. :( These payment processors are also being used less, because people are now seeing the disadvantages to using them, compared to using Bitcoin directly. <P2P> They only add additional fees to the transactions when conversion to Fiat is done, when you use these services. >:( |
