zimmah (OP)
Legendary
 Offline
Activity: 1106
Merit: 1005
|
 |
February 05, 2015, 05:08:11 AM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
|
|
|
|
|
findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
|
|
February 05, 2015, 01:26:28 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Price is dependent on many many things, not only unique addresses. Though, I think the price will rise soon, be patient. |
|
|
|
|
|
thompete
|
|
February 05, 2015, 04:08:30 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Price is dependent on many many things, not only unique addresses. Though, I think the price will rise soon, be patient. I don't see how is price dependent on the number of transactions ? Can't people just make a lot of dust transactions to fake the data ? |
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1011
In Satoshi I Trust
|
|
February 05, 2015, 04:43:46 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
thats false. they make good profits (the good ones). |
|
|
|
dothebeats
Legendary
Offline
Activity: 3696
Merit: 1353
|
|
February 05, 2015, 05:03:54 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin.  |
|
|
|
|
|
Possum577
|
|
February 05, 2015, 05:18:20 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin. more sellers than buyers...that's really the simple reason. We can all speculate on why people are selling more than buying, such as recessionary times require people to cash in their savings, or perhaps other investments are more attractive, or perhaps there's been huge liquidation that hasn't been made public. Transaction volume is good for the "survive-ability" of Bitcoin. The more transactions that happen, the more people are using it...and a successful currency needs people to use it! |
|
|
|
countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
|
|
February 05, 2015, 05:56:44 PM |
|
I'm not giving too much importance to this data. We need a better indicator than the raw number of transactions, which can include dust transactions or fake ones. May be someone could fork the number of transactions above 1 BTC, excluding the most popular addresses.
|
I used to be a citizen and a taxpayer. Those days are long gone.
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
February 05, 2015, 06:38:59 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin. more sellers than buyers...that's really the simple reason. We can all speculate on why people are selling more than buying, such as recessionary times require people to cash in their savings, or perhaps other investments are more attractive, or perhaps there's been huge liquidation that hasn't been made public. Transaction volume is good for the "survive-ability" of Bitcoin. The more transactions that happen, the more people are using it...and a successful currency needs people to use it! also the miner, which dump every day, when the block will halved, the buyers pressure will become stronger for sure, indirectly at least |
|
|
|
|
|
|
findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
|
|
February 05, 2015, 06:59:47 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Price is dependent on many many things, not only unique addresses. Though, I think the price will rise soon, be patient. I don't see how is price dependent on the number of transactions ? Can't people just make a lot of dust transactions to fake the data ? Yes they can, but they have to pay transaction costs to do so effectively |
|
|
|
|
zimmah (OP)
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
February 06, 2015, 02:09:47 AM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
thats false. they make good profits (the good ones). Well obviously some are making profit, but the difficulty is stagnating, which means most miners have trouble keeping up, and are shutting down their miners. This is a sign the price is too low to support the current difficulty with the current mining technology. |
|
|
|
|
zimmah (OP)
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
February 06, 2015, 02:14:49 AM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin. more sellers than buyers...that's really the simple reason. We can all speculate on why people are selling more than buying, such as recessionary times require people to cash in their savings, or perhaps other investments are more attractive, or perhaps there's been huge liquidation that hasn't been made public. Transaction volume is good for the "survive-ability" of Bitcoin. The more transactions that happen, the more people are using it...and a successful currency needs people to use it! Logically speaking if there are more active users than ever, who keeps selling cheaper all the time? The interest is there, more people ARE coming in, but for some reason some people are cutting their own profits by selling too cheap. The only ones who can sell are people who have bought before. And the only ones who can sell for a profit are people who have hold for a year or more, since the price has been declining for over a year. At some point those people should run out of coins to sell, and people are still buying. Just how do the sellers outnumber the buyers? I know Bitcoin isn't exactly mainstream yet but it just feels like the things are not adding up, and we are much lower than we should be. |
|
|
|
|
|
Divinespark
|
|
February 06, 2015, 04:20:06 AM |
|
Wait for the next halving to come into view, and we may find px will respond positively
Expect current levels to persist for some time yet
|
|
|
|
countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
|
|
February 06, 2015, 07:22:44 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Price is dependent on many many things, not only unique addresses. Though, I think the price will rise soon, be patient. I don't see how is price dependent on the number of transactions ? Can't people just make a lot of dust transactions to fake the data ? Yes they can, but they have to pay transaction costs to do so effectively Transaction fees are negligible for big exchanges or miners. |
I used to be a citizen and a taxpayer. Those days are long gone.
|
|
|
dothebeats
Legendary
Offline
Activity: 3696
Merit: 1353
|
|
February 06, 2015, 07:48:08 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin. more sellers than buyers...that's really the simple reason. We can all speculate on why people are selling more than buying, such as recessionary times require people to cash in their savings, or perhaps other investments are more attractive, or perhaps there's been huge liquidation that hasn't been made public. Transaction volume is good for the "survive-ability" of Bitcoin. The more transactions that happen, the more people are using it...and a successful currency needs people to use it! also the miner, which dump every day, when the block will halved, the buyers pressure will become stronger for sure, indirectly at least The recent times are the hard times for people. Recession forces people to cash out their savings and search for a possible investment that may save them from it. And correct, the miners dump every day to cover up for expenses, which in turn causes the price to decline. |
|
|
|
|
zimmah (OP)
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
February 07, 2015, 11:00:29 AM |
|
it means more people are using it, which means it has more utility, and thus it's a good thing.
if no one uses bitcoin, it's not worth much at all.
|
|
|
|
|
Rimmer
Newbie
Offline
Activity: 22
Merit: 0
|
|
February 07, 2015, 11:20:23 AM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
Bitcoin is perplexing to me. People are clearly using bitcoin and many merchants are getting involved but the price only declines. I don't even understand why people sell their coins at such a low value. Surely if people refused to sell them for such a price it would keep them at a decent value. |
|
|
|
|
|
Twipple
|
|
February 07, 2015, 11:32:54 AM |
|
it means more people are using it, which means it has more utility, and thus it's a good thing.
if no one uses bitcoin, it's not worth much at all.
Most of the people use bitcoin for gambling  So it means in a way that more people might be gambling |
|
|
|
|
|
Madness
|
|
February 07, 2015, 01:26:50 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
I don't see how the price is related with anyway to the number of transaction to be honest , most of the transactions are probably made by exchangers websites or Gambling such PrimeDice , LuckyBit , etc ... The price depends depends on Supply and demand , there is only one thing for sure is the price will rise on the Late 2016 while Halving block reward happens .. still not sure rise to where if the price will be 50$ by then .. then the price will rise to 150$ maybe ... it all depends . ~ Madness |
|
|
|
pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
|
|
February 07, 2015, 07:55:00 PM |
|
ever since January, where we hit a low, the transactions per day have never been as high as they are now.
the number of unique addresses used is ~30% up from december 2013
miners are struggling making a profit with these prices (so difficulty is lagging behind)
why is the price lagging behind so much?
it has every reason to rise, and yet is doesn't.
I dont see why people is oppposing to the 20MB fork, we are going to hit 1mb limit again soon. |
|
|
|
|
|
