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Bitcoin daily transaction volume from Feb 2018 to 2019 Fundamentals are important https://t.co/X4cATey4MN - Crypto Dynamic Info - Whales's

Posted at: February 9, 2019 at 11:36PM
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Bitcoin daily transaction volume from Feb 2018 to 2019 Fundamentals are important https://t.co/X4cATey4MN
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This Week in Bitcoin: Daily Transaction Volume Exceeds 100k, A New Bill in Congress, Results of the Second Bitcoin Auction, and More!

This Week in Bitcoin: Daily Transaction Volume Exceeds 100k, A New Bill in Congress, Results of the Second Bitcoin Auction, and More! submitted by Portis403 to Bitcoin [link] [comments]

Bitcoin daily transaction volume bigger than WU and Discover, closing in on PayPal [lots of caveats]

Bitcoin daily transaction volume bigger than WU and Discover, closing in on PayPal [lots of caveats] submitted by Caprica__One to Bitcoin [link] [comments]

Tether's cumulative transaction volume (USDT) exceeds $ 600 billion

Tether's cumulative transaction volume (USDT) exceeds $ 600 billion
The latest data from crypto analytics firms shows Tether's cumulative trading volume just surpassed $ 600 billion when it began to dominate on trading platforms.

According to on-chain analytics provider Glassnode, Tether (USDT) transaction volume has increased by about 20% over the past 30 days to hit this new cumulative milestone.

https://preview.redd.it/ao7rtd1y0mt51.jpg?width=1920&format=pjpg&auto=webp&s=c4dc9e56963148b06cac905688464afd3e5a1f67

However, it should be noted that this is cumulative, not daily trading volume - which is above $ 35 billion, according to averages from Coingecko and Coinmarketcap.

The same two analytics providers also recorded Bitcoin's daily transaction volume between $ 20 and $ 25 billion, which clearly helped Tether lead the way in terms of this metric.
All you find is right here: cryptocurrency exchange
In terms of supply, USDT has increased by nearly 300% since the beginning of this year - when there was only 4 billion USDT in circulation. Today, that figure has reached nearly $ 16 billion, according to the Tether Transparency report. USDT in the form of ERC-20 still dominates Tether's supply with almost 65% of all tokens on the Ethereum blockchain.

Additionally, analysis provider Skew has noted that Tether-based futures contracts are now catching up with Bitcoin-based contracts. The company stated:

"Futures traded in USDT have been strong this year, now almost on par with contracts traded in BTC on a daily basis."

Other indicators of the world's most popular stablecoin have also been consolidated. Tether made up only a very small portion of trading volume in 2017, with standard Bitcoin making up just over 50% of transactions and fiat making up the rest. But in 2020, the situation is very different, as 70% of trading volume on exchanges is in USDT pairs.

Earlier this week, Bloomberg stated that Tether's market cap could surpass Ethereum by 2022. Currently, Tether's market capitalization is about 38% of Ethereum, but further growth is expected for both. two. In response to the report, Tether Paolo Ardoino's CTO said:

"Tether has once again proven itself to be one of the most reliable assets in the crypto space."

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submitted by Ill_Preparation_2814 to u/Ill_Preparation_2814 [link] [comments]

Nano and BTC congestion: BTC mempool implications during a bull run

This might be hopium. But every good investment I've made in this space has been when I'm absolutely incredulous that the market hasn't valued something that we are on a collision course for.
To start, how do Bitcoin and Nano stack up in terms of average user experience under normal network conditions: Bitcoin... slow, cheap, reliable Nano... crazy fast, cheap, reliable
Nano took off in late 2017 for a reason. Yes, the faucet had recently been turned off and distribution was done. But the primary reason was because Bitcoin became congested. Many of you are here because of that period. You remember how awful it was to use Bitcoin. Yes, the $50 fees were bad, but what was worse was not knowing if your transaction was going to show up in an hour or in two days. It was clear and obvious to anyone at that point: Bitcoin doesn't do well when demand for space in a block exceeds supply for an extended period of time. Those were the conditions that existed that made so many of us open to and excited for the possibilities of Nano.
Fast forward 1.5 years... Bitcoin's congestion nightmare feels like a thing of the past. Scaling has happened - Segwit is at 40% adoption, and more transactions fit in a block now than ever before. http://charts.woobull.com/bitcoin-congestion/ But is this enough to service the demand for another bull run? It doesn't look like it...
There has been a clear pattern over time in terms of Bitcoin bull runs and volume of Bitcoins transmitted over the network each day. http://charts.woobull.com/bitcoin-network-momentum/ It seems that to sustain the price discovery of a bull market, Bitcoin needs to be transmitting a lot of value. Adjusting for increased supply since the start of the last bull market, if this trend holds true, Bitcoin needs to be transmitting 400-500k Bitcoin/day on average as the minimum threshold to sustain the next bull market.
Now let's switch back to the Congestion chart. http://charts.woobull.com/bitcoin-congestion/ At the capitulation bottom in 2015, Bitcoin blocks were 35% full. From that point, utilization ramped up over the next 2 years until 2017, when Bitcoin's blocks began to be consistently full. At that point, the bidding war for space in a block began, and transaction fees began to ramp up over the course of the year.
Fast forward to today. For most of 2018, transaction count slumped and blocks were no longer full. But block usage has slowly been ramping up (even with Segwit packing more transactions into each block), and now Bitcoin blocks are 93% full. Incidentally, the Bitcoin mempool is beginning to backlog for the first time in a year, and as a result transaction fees have climbed to $1.80, after sitting at ~5 cents since last bull market.
So if we combine what we know from these two charts...
-Bitcoin daily transaction volume needs to increase ~30-60% from current amounts to sustain a bonafide bull run, assuming past trends hold
-Bitcoin blocks are currently 93% full
-When Bitcoin blocks are full for an extended period of time, a bidding war for space in blocks occurs and transaction fees climb
-When Bitcoin is congested, users suffer high fees, transaction delays and uncertainty... the experience becomes "Bitcoin: slow, expensive, and completely unpredictable time to receive"
And THAT is when Nano makes sense to everyone. Right now it's a novelty that people don't think is worth learning about. But to me, it's plainly evident that we are on a collision course with late-2017 Bitcoin congestion again. But this time, it won't be for ~3 months at the very end of a 3 year bull market. This time, we're starting at 93% instead of 35%.
Thoughts? Am I missing something? Please let me know if I'm wrong about any of the above; would love to pressure-test my thesis.
submitted by blockchainery to nanocurrency [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

submitted by Deebabitcoinair to altcoin_news [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by Deebabitcoinair to cryptonewswire [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by Deebabitcoinair to u/Deebabitcoinair [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by cryptoallbot to cryptoall [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by Deebabitcoinair to CryptoGrowth [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by Deebabitcoinair to cryptocurrencynews [link] [comments]

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s

Tether (USDT) Daily Transaction Volumes Could Soon Exceed Bitcoin’s submitted by Deebabitcoinair to Crypto_Currency_News [link] [comments]

Uproot The Artificial OP_RETURN Block Size Limit

The numbers are in: Ethereum has reached a solid 15% of Bitcoin's daily transaction volume. More and more transactions are happening on the Ethereum blockchain with every passing week, to Bitcoin's detriment. Ethereum is a major threat to Bitcoin's market dominance, but it all can come to an end: thanks to BU's support of market controlled block size.
Here's how it works: Counterparty, which implements Ethereum functionality on top of Bitcoin mainnet, and a whole lot more depend on a special type of Bitcoin mainnet block space called "OP_RETURN" space. Importantly, OP_RETURN space is artificially limited by an arbitrarily hard coded 80kb, which unnecessarily strains mainnet innovators with an arbitrary throughput ceiling.
As an example of how the artificial OP_RETURN throughput ceiling negatively impacts Bitcoin mainnet users, today Counterparty users can't send a multitude of Counterparty assets at the same time in the same transaction. As a workaround, these types of advanced Counterparty transactions have to be strung together, which sadly gets them labeled "non-standard" making the transactions harder to get confirmed by Bitcoin miners. This puts Bitcoin right on the perilous path towards competitive destruction (Ethereum).
Having this 80kb hard coded OP_RETURN space limit is pointless and damaging to Counterparty, just like having a 1MB block size limit is. The BC developers aim to keep crippling mainnet by limiting OP_RETURN, with no end in sight. They will never allow Bitcoin to defeat Ethereum through mainnet innovation; because that would threaten Blockstream and the Ethereum moles on the inside of Bitcoin Core (like Trezor and Ledger Wallet).
Especially given the importance of OP_RETURN to Ethereum's direct competitor, Counterparty, I advocate strongly for BU to follow through on its emergent consensus free market for block space with market-controlled supply and demand of OP_RETURN space. Opening up this long forgotten but critical aspect of market-controlled block size will enable Bitcoin to combat the Ethereum threat.

Summary

The arbitrary 80kb OP_RETURN block limit is a parallel block size restriction imposed by the BC developers to limit Bitcoin mainnet's potential, and BU has just the ticket: emergent consensus.
There is no good reason why the market for OP_RETURN space shouldn't be handled just like the rest of the 1MB block space, and we're asking for a solution from BU.
submitted by insette to btc [link] [comments]

[uncensored-r/Bitcoin] Some words on Bitcioin

The following post by p0isoNz is being replicated because the post has been silently greylisted(for 1.6 hours).
(It was approved by the mods at: 2018-01-01T15:26:14.000Z)
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7nerhr
The original post's content was as follows:
DISCLAIMER: ALTHOUGH I AM KNOWLEDGEABLE ON BITCOIN, I AM NOT AN EXPERT, EXCUSE ANY MISTAKES I MAKE AND FEEL FREE TO CORRECT ME BELOW
For the past 6 months I have seen numerous posts and they are all about these things:
1) Block Size (BCash and Roger Ver)
2) Altcoins being faster than Bitcoin and they are gonna take over Bitcoin (aka RaiBlocks community)
3) Let's move to PoS or Let's use the DAG blockchain
4) Why is the Bitcoin community just being left to suffer, why won't anyone help use
5) SegWit Adoption
6) Ripple and its amazing market cap
Block Size:
2017 was Bitcoins most glamorous year, $20k price, $200bn market cap and it also made it to mainstream media nearly every day, especially with the rise of Wall Street Futures trading beginning. But there were negative effects, Bitcoins daily transactions volume increased rapidly, at a speed we were not ready for. The community was split into 2 (not equal parts) - Bitcoin Cash (BCash) and SegWit + Lightning Network. When Bitcoin had a surge in fees and a backlog of unconfirmed transactions, Lord Roger Ver II decided to attempt at using Bitcoin for personal gains again (3rd time lol) and increased the blocksize 8x(1mb->8mb). People thought this was genius, but what happens when 8mb is not enough and after another increase is not enough. To cope with mass adoption we need 1gb blocks min and I'm sure I don't have to explain why that wouldnt work. The larger part of the community came up with long term solutions that wouldn't change Satoshi's original ideas, SegWit and Lightning Network. Both of these fix the two main Bitcoin Network problems - Speed and Fees in 2 different ways and can both be used together. SegWit is already activated (only 10% use tho so far, more on that later) and Lightning is still in development (First transaction on mainnet happened less than 24hrs ago). The best part about lightning is Atomic Swaps. Say the bitcoin network is congested and fees are high, why not use the Litecoin network to transfer Bitcoin for lower fees and vice-versa. These are solutions we need, not increasing block size.
Altcoins are faster than Bitcoin:
Everytime I read this I nearly hung myself. Bitcoin is carrying atleast double the average transactions than your altcoin (ethereum is an exception), so its not possible to compare the two. And Bitcoins speed and fee problem only started this year. Imo, by 2019, Non-SegWit addresses will be rare and Lightning Channels will be open everywhere. Stop comparing your shitcoin to Bitcoin.
Let's Change Bitcoin to PoS or DAG blockchain:
Even more cringe. Just cause in one year there were tons of hurricanes we change Earth to Mars...
Noone is fixing Bitcoins problems:
Come out of your ignorant FUD bubble and download a SegWit wallet and play around with Lightning on testnet
SegWit Adoption:
Finally a serious problem. But, Core has finally prioritised bringing SegWit to the GUI wallet which means early 2018 which means other developers can see what Core has done and implement things them self. This will bring adoption to a new level! Currently, developers continue to make excuses like, new users will be confused or we are risking security, but core will have it done in a way that others can follow??
Ripples Market Cap:
Another useless topic. Stop reading mainstream media! Market cap is not how you should rank coins. It should be done based on Speed, demand, usability(is it in shops?), daily transactions, TECHNOLOGY. Anyone can fork monero and rename it...
Market Cap of ripple is high because circulating supply is 40 billion. Every cent Ripple goes up is half a billion market cap...
I really hope I have helped the idiots in this subreddit understand. Feel free to correct my points, as long as you don't want to debate on BCash, cause I'm done doing that.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Wright is Right? Bitcoin SV Surpasses Bitcoin’s Daily Transaction Volume. The coin has maintained its dominance since November 12.

Wright is Right? Bitcoin SV Surpasses Bitcoin’s Daily Transaction Volume. The coin has maintained its dominance since November 12. submitted by zhell_ to bitcoincashSV [link] [comments]

"Original #Bitcoin is worlds largest public blockchain by transaction volume. BSV daily transactions outperform ETH - CoinGeek'

submitted by satoshi_vision to bitcoincashSV [link] [comments]

Bitcoin SV passes BTC in daily transaction volume

Bitcoin SV passes BTC in daily transaction volume submitted by cryptorebel to bitcoincashSV [link] [comments]

We're now tracking daily average block sizes, transaction volume, and fees across each Bitcoin network. Feedback welcome.

submitted by Coin-Dance to btc [link] [comments]

Bitcoin SV passes BTC in daily transaction volume

Bitcoin SV passes BTC in daily transaction volume submitted by thacypha to bitcoinsv [link] [comments]

Bitcoin SV passes BTC in daily transaction volume

Bitcoin SV passes BTC in daily transaction volume


News by Coingeek: Derek Tonin
One of the biggest indicators of the success and utility of a technology has been the amount of use it gets. In the Bitcoin and Blockchain world that can be measured in several ways, but an important one is the number of transactions on any given chain. By that measure, the Bitcoin SV (BSV) blockchain has recently achieved a significant marker, passing BTC in total transactions per day.
Captured by Twitter user BitcoinHoarder, BSV passed the BTC blockchain in daily transactions on October 6, recording over 290,000 transactions in a 24 hour period, edging out BTC’s 288,000.
[email protected] It’s official. BSV surpassed BTC in transactions/day from our use/apps!!! We passed BCH and never looked back. Now we passed BTC!!!https://twetch.app/t/b7181660b466aae5a2e1cb9ba3484bfc225915c9d347304c588e162f000be35e

119 9:36 PM — Oct 6, 2019 Twitter Ads info and privacy
47 people are talking about this
Using the tools available on bitinofocharts.com, BSV ranks as having the third most transactions of any cryptocurrency they track, ranking behind only XRP (915,220) and Ethereum (571,945).
A deep dive into the numbers reveals how Bitcoin SV (BSV) is able to achieve such volumes, and the answer lies in utility and usage. The average BSV transaction comes in at 0.6263 BSV ($51.42 USD) and the median comes in at 0.0038 BSV ($0.31 USD). The latter figure is nearly impossible on the BTC chain, as it typically fail to cover the transaction fee to even make a transaction.
But a transaction for less than a dollar is the norm for BSV because it has become a popular data carrier, allowing services like WeatherSV and UptimeSV to use the Metanet protocol to transmit data over the blockchain, and in turn, pay for their services with micropayments. Over time, this new data carrier service and micropayment economy will prove to be a better model for many enterprises.
As one Twitter user noted, this trend is set to continue, as more developers build on BSV, this trend is bound to continue, as new applications will increase the number of transactions, proving the massive scaling model of BSV and increasing its utility.
[email protected] · 19h It’s official. BSV surpassed BTC in transactions/day from our use/apps!!! We passed BCH and never looked back. Now we passed BTC!!!https://twetch.app/t/b7181660b466aae5a2e1cb9ba3484bfc225915c9d347304c588e162f000be35e

[email protected] More apps please, lets double their transactions 2 11:24 PM — Oct 6, 2019 Twitter Ads info and privacy
See buyemoney.com’s other Tweets
submitted by GTE_IO to u/GTE_IO [link] [comments]

Bitcoin SV passes BTC in daily transaction volume

Bitcoin SV passes BTC in daily transaction volume submitted by n4bb to CoinPath [link] [comments]

Bitcoin Cash and Bitcoin SV fall behind Dash in terms of daily transaction volume

Bitcoin Cash and Bitcoin SV fall behind Dash in terms of daily transaction volume submitted by ThisMustBeTrue to dashpay [link] [comments]

WHY IS BITCOIN STUCK?! Bitcoin Transaction Tracking - Programmer explains Earn Bitcoins Daily - YouTube Make Money Online Daily in Bitcoin - Blockchain ... How To Get Bitcoin Daily - Coin Sender Payment Proof ... Bitcoin ($BTC) Transactions Increase Indicating BIG Reversal Soon? - Anyone else seeing this?

Daily Transaction count is one of the most important and controversial metrics for the Bitcoin Core (BTC) network. Because all confirmed transactions pay a fee, each confirmed transaction represents someone's desire to send a Bitcoin Core (BTC) transaction instead of any alternative use of that cost. Bitcoin Core (BTC) transactions can be executed and automated by software, but this is limited ... The number of daily confirmed transactions highlights the value of the Bitcoin network as a way to securely transfer funds without a third part. Notes. Transactions are accounted for only once they are included in a block. During times of peak mempool congestion, transactions with lower fees are likely to be confirmed after a few hours or even days in rare cases. While this graph is a suitable ... Bitcoin Number of transactions in blockchain per day Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward Bitcoin price today is $13,157.97 USD with a 24-hour trading volume of $23,730,036,740 USD. Bitcoin is up 1.33% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $243,779,373,909 USD. It has a circulating supply of 18,527,131 BTC coins and a max. supply of 21,000,000 BTC coins. You can find the top exchanges to trade Bitcoin listed on our Bitcoin (BTC) Daily Transaction Volume for On-Chain Blockchain Payments Nears Yearly All-Time Highs. by Bitcoin Exchange Guide News Team. January 11, 2019. Home Cryptocurrency News. Facebook. Twitter . Telegram. ReddIt. Linkedin. Email. The good thing about the new year has been the lack of any news about crypto prices further spiraling downwards. This lull has given the market the much-needed ...

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WHY IS BITCOIN STUCK?! Bitcoin Transaction Tracking - Programmer explains

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