Traffic on Bitcoin exchange sites has fallen by half. What does that mean?

[SergiuDemerji]

The disappointing performance of the crypto markets in January and February apparently made many Bitcoin traders avoid shaking their eyes with their exchange balances. Estimates show that trafficking on bitcoin trading sites, based on traffic statistics, shows a steep decline from one month to the next.

Site visits have taken it down

The total number of visits to big bitcoin sites and cryptocurrency exchanges collapsed in February. Generally, if we look at the top ten top exchanges, site traffic appears to have peaked in December 2017 and early January 2018. It fell to half in February, reaching an approximately equal or lower figure for November, for each site.

According to Similarweb, the market research service, the total number of visits to the Coinbase site fell 49 percent in February, from 123.5 million to 63.1 million. Maxim reached them in December last year, with 169.5 million.

https://www.similarweb.com/website/coinbase.com

Kraken also saw a substantial 56% decline from 31.7 million in January to 13.8 million in February.

https://www.similarweb.com/website/kraken.com#overview

Binance declined 54% from a peak of 191.5 million to just 87.3 million.

https://www.similarweb.com/website/binance.com#overview

Bitfinex dropped 48% in February, only 18.3 million visits, compared with 35.4 million in January and 59.3 million in December.

https://www.similarweb.com/website/bitfinex.com

The number of bitcoin transactions has decreased

The factor that caused these decreases in the number of visits is quite obvious. Poor performance in all major cryptocurrency in the first two months of 2018. In addition, massive rallying in 2017 has probably brought a record number of new investors to the ecosystem at the end of last year. A fairly high standard was set, which was hard to reach in the months to come.

Web traffic data seems to corroborate the assumption that a similar decrease can be seen in the number of transactions. Until the end of February, we had just under 200,000 bitcoin transactions a day on average, compared with almost half a million bitcoin transactions sent daily in mid-December. The bulk of the glass is that a less crowded market is finally able to lower commission costs.

[anthinguy21]

Maybe you still don't read the news related to banning in China ). China government banned all the way to access to any cryptocurrency exchange that why all traders and investors in this country don't have anyway to access to any exchange to trade, buy or sell crypto as usual. As you know, China is the biggest country and it has the biggest effect to the crypto world atm and this ban also is the main reason for this decreasing.

[Kale99]

Maybe you still don't read the news related to banning in China ). China government banned all the way to access to any cryptocurrency exchange that why all traders and investors in this country don't have anyway to access to any exchange to trade, buy or sell crypto as usual. As you know, China is the biggest country and it has the biggest effect to the crypto world atm and this ban also is the main reason for this decreasing.

I think that in China, these bans will last a long time, just as the economic revolution begins, China will first cry well or rejoice, but until it sees the future economy in bitcoin

[chesatochi]

The traffic is related to the price of Bitcoin. When the price has reached 20k and the market cap 800 billion USD my crypto blog has increased drastically in traffic.

Today my daily traffic has diminished and stabilized.

[szafa]

But i saw China marketplace working.

[Kale99]

The traffic is related to the price of Bitcoin. When the price has reached 20k and the market cap 800 billion USD my crypto blog has increased drastically in traffic.

Today my daily traffic has diminished and stabilized.

And you are happy? If so, I congratulate you, very soon everything will stabilize on the capitalization of 800 billion.

[zoiapisya]

There is nothing surprising. The agiotage has decreased, this is manifested in a decrease in activity at forums, on exchanges, search requests have decreased. When the market begins to recover, the influx of new people will also be restored

[MystereToy]

Maybe you still don't read the news related to banning in China ). China government banned all the way to access to any cryptocurrency exchange that why all traders and investors in this country don't have anyway to access to any exchange to trade, buy or sell crypto as usual. As you know, China is the biggest country and it has the biggest effect to the crypto world atm and this ban also is the main reason for this decreasing.

Don't they all have VPN in China ?

[Valermos]

Less people use bitcoin for transactions as it is too expensive and slow, so it is becoming totally measure of saving and trading.

[xcbjsuw]

Maybe you still don't read the news related to banning in China ). China government banned all the way to access to any cryptocurrency exchange that why all traders and investors in this country don't have anyway to access to any exchange to trade, buy or sell crypto as usual. As you know, China is the biggest country and it has the biggest effect to the crypto world atm and this ban also is the main reason for this decreasing.

Hi SergiuDemerji,

What is said anthinguy21 true, Have you not read the news?
February - March the price of crypto is very bad.

Well, we just wait whether in April, crypto prices will start to rise ??

[despondency]

Many have lost their money in this fall, they are now very hurt. They do not want to remember this feeling of pain and try to forget about it. People have a short memory and therefore, when the market recovers, the hype will again increase