[2015-12-04] The One Chart that Tells the True Story of Bitcoin this Year

[Proxiebuier]

Much has been made this week of the news that combined trading on bitcoin exchanges has reached a record high. As the BTC/USD exchange rate has climbed towards $400, so exchange volume has risen to close to 4 million bitcoin a day. As this Coindesk article points out, there are some who believe that the reported numbers are questionable and may be inflated by “fake trades” designed to give some exchanges the appearance of liquidity but, as with price, trading volume is not the metric to which those who believe in the future of bitcoin should be paying attention.



read more : http://www.nasdaq.com/article/the-one-chart-that-tells-the-true-story-of-bitcoin-this-year-cm549929

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[Minecache]

If true with transactions growing exponentially then we really need a resolution to the block size issue. Sooner rather than later.

[Blawpaw]

That is legit! Assuming that we already say the floor for the bitcoin price, from here on it will only go up!