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Author Topic: Reason for decline over months  (Read 2030 times)
bitleif
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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.
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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.

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