SegWit & Bitcoin price

[stevegee58]

Actually, segwit implementation isn't the reason for mempool being empty. There has been a drop in number of transactions using Bitcoin, and that is worrying. If the price has to increase, it has to be due to an increase in popularity, which will be accompanied by an increase in the number of transactions.
https://www.bloomberg.com/news/articles/2018-03-02/bitcoin-s-plunge-in-volume-stirs-questions-about-its-popularity

No, there's abundant evidence that Coinbase and other "heavy hitter" exchanges implemented transaction batching.  The decrease in mempool and fees occurred in a very short period of time, just a few days.

Don't pay too much attention to the mainstream media on the subject of Bitcoin.

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[Diced90]

Of course segwit has played its part in bringing down the bitcoin fees and confirmation times which were a big problem not long ago, and because of this some key players dropped it because of its flaws but I think its ready to go mainstream and I think more can be done to make bitcoin become an everyday currency without the need of waiting for a transaction to be confirmed .

[pooya87]

Not so long ago, the bitcoin protocol was upgraded to increase block capacity "Segregated Witness or SegWit" "4 MB block size 4000 WU limit" and the last version of Bitcoin Core "SegWit support is enabled by default" supported native SegWit format or Bech32 type.
as a result:
1. Mempool is empty. 2. 34% less fee. 3. improve merchant support.
Several companies dropped Bitcoin support over the high fees and transaction delays. If those are non-issues in the future, spending the world’s leading cryptocurrency will become easier again.  Additionally, the Bitcoin Dominance Index has been on the rise as well. [1]
So Can SegWit Support Make Bitcoin Price Rise again? or SegWit can’t affect the price of the Bitcoin?
Source #1: https://www.newsbtc.com/2018/02/20/can-default-segwit-support-make-bitcoin-price-rise-even-higher/

Actually, segwit implementation isn't the reason for mempool being empty. There has been a drop in number of transactions using Bitcoin, and that is worrying. If the price has to increase, it has to be due to an increase in popularity, which will be accompanied by an increase in the number of transactions.
https://www.bloomberg.com/news/articles/2018-03-02/bitcoin-s-plunge-in-volume-stirs-questions-about-its-popularity

The advantage of Segwit is in the future - when the number of transactions increases again or when there is a spam attack.

that article is very misleading and is either written by someone who doesn't understand bitcoin, or someone who understands it very well but wants to spread misinformation.
it is using the big backlog which was mostly spam and the fact that it has dropped now with the price changes and claims the "usage" has dropped. the funny part is that the article is mentioning all the price swings. the big 70% drop and the big 50% rise afterwards,... and HUGE rise and falls like this are increasing the usage not decreasing it because with  each swing there are always a lot more people who are moving funds around.

[pereira4]

Actually, segwit implementation isn't the reason for mempool being empty. There has been a drop in number of transactions using Bitcoin, and that is worrying. If the price has to increase, it has to be due to an increase in popularity, which will be accompanied by an increase in the number of transactions.
https://www.bloomberg.com/news/articles/2018-03-02/bitcoin-s-plunge-in-volume-stirs-questions-about-its-popularity

No, there's abundant evidence that Coinbase and other "heavy hitter" exchanges implemented transaction batching.  The decrease in mempool and fees occurred in a very short period of time, just a few days.

Don't pay too much attention to the mainstream media on the subject of Bitcoin.

I believe it was also mostly Coinbase cluttering the entire mempool with their garbage, which is worrying. If a single entity can fill the mempool due inconpetence, we may have a problem.

The people that bring Ver's spam antics also have a point, it was a mixture of various things but mostly the lack of transaction batching.

Im sure segwit is helping too, 30% is quite a lot, but if anything it proves that it was mostly exchanges and spam rather than massive demand for block space (which ruins BCash's selling pitch as they claimed how it was all due demand.. but we already knew that there is no demand for bigger blocks already since they can't even fill 1MB blocks).