Bitcoin Forum
October 17, 2018, 07:26:23 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Reason for decline over months  (Read 2040 times)
bitleif
Sr. Member
****
Offline Offline

Activity: 351
Merit: 250


I'm always grumpy in the morning.


View Profile
September 18, 2014, 10:10:36 AM
 #21

what surprises me is how little the transaction volume has increased. Transactions are everything for bitcoin. Bitcoin will go to the moon if it is adopted as a payment mechanism, which means massive levels of transactions.
but the volume remains utterly miniscule. A few tens of thousands btc traded per day, and most of that can be accountedfor in terms of miners and speculators.
good news would be an increase in transactions to an economically material level

If you want to compare transaction volumes with the past you have to compare it in fiat values though, 10 BTC today is not the same as 10 BTC a year ago.
1539804383
Hero Member
*
Offline Offline

Posts: 1539804383

View Profile Personal Message (Offline)

Ignore
1539804383
Reply with quote  #2

1539804383
Report to moderator
1539804383
Hero Member
*
Offline Offline

Posts: 1539804383

View Profile Personal Message (Offline)

Ignore
1539804383
Reply with quote  #2

1539804383
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539804383
Hero Member
*
Offline Offline

Posts: 1539804383

View Profile Personal Message (Offline)

Ignore
1539804383
Reply with quote  #2

1539804383
Report to moderator
1539804383
Hero Member
*
Offline Offline

Posts: 1539804383

View Profile Personal Message (Offline)

Ignore
1539804383
Reply with quote  #2

1539804383
Report to moderator
1539804383
Hero Member
*
Offline Offline

Posts: 1539804383

View Profile Personal Message (Offline)

Ignore
1539804383
Reply with quote  #2

1539804383
Report to moderator
crocko
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


'All that glitters is not gold'


View Profile
September 18, 2014, 01:30:39 PM
 #22

Cooperate mining is the main reasons.

Back in the old days, people who mine believe in the technology and refuse to sell at low price. Cooperate miners will sell at any price if there is profit margin.

+1 These new huge farms / cloud mining business must pay the bill for electricity  and maintenance, therefore they always must sell.
The golden age of mining at home is at twilight.

Find my posts helpful? Click my Trust link and rep me!
BTC: 1MqUxoDQE8Q88sDvoaLMbBJSMToSfPgKSy  DOGE: D61Na9wjuneAn9GFLRNrHgWHHFwVfd1T7y  LTC: 3Luo136zrqkCi53jT72FEY52GbwW1ZYi6X
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!