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Bitcoin Forum > Economy > Economics > Speculation > New Bitcoin record - 100,000 transactions but the price is not moving?
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Author Topic: New Bitcoin record - 100,000 transactions but the price is not moving?  (Read 1085 times)
SydorFunk (OP)
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December 04, 2014, 07:24:16 PM
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December 04, 2014, 07:34:03 PM
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Transactions don't move the price. Buys do. Hell many of those transactions may have been to buy stuff for xmas, thus they are getting sold on the market.
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December 04, 2014, 07:44:00 PM
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transactions rise ... price is stable.
developpers can monitor all of that and predict the rise of block size.  Cheesy
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December 04, 2014, 08:09:54 PM
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Bitcoin price may not be on the rise, but I'll tell you one thing that is...the space requirements for maintaining a full node on my laptop ┌༼▀̿̿Ĺ̯̿̿▀̿༽┘
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿

Gimme the crypto!!
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December 05, 2014, 12:07:34 AM
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It would have been very funny if the price would rise just because we reached 100K transactions.

That would only feed manipulators who would just spam the blockchain with dust transactions.
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December 05, 2014, 12:16:32 AM
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True, more trasnsactions means more Merchants to dump the bTC to cash upon receiving it.
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