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Author Topic: small basic BTC situation analysis  (Read 107 times)
zuggu-1 (OP)
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August 14, 2018, 09:02:06 PM
 #1

Amount of TXs in Bitcoin network reached its limit, few hours ago mempool started to grow (higher fees, slower txs). But what does this mean?
Most likely after Asian (timeline based assumption) dump, US based holders are moving their coins to Exchanges to sell!!
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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xiahui135
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August 14, 2018, 11:00:52 PM
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The 1M block limit the transactions on-chain. Btc can not be better any more.
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August 15, 2018, 03:02:20 AM
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whenever there is a major price change there is also an increase in the number of transactions made on the bitcoin blockchain. these transactions are both people sending their coins to exchanges to sell AND people buying bitcoin on exchanges and sending them to their cold storage. you know that in the market for every sell there is a buy, they don't vanish in the air. so you can't say because there are more transactions then there must be more buys or more sells. there is more buys and sells.

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