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/biz/ - Business & Finance

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File: 82 KB, 740x705, Bitcoin volume.png [View same] [iqdb] [saucenao] [google]
8111372 No.8111372 [Reply] [Original]

Well, what is your opinion /biz/? It's quite a drop. We've seen it before, but nothing is certain, with one hype wave already gone in December.

What are your predictions?

>> No.8111391

>>8111372
Concerned self bump

>> No.8111397

No

LINK #1

>> No.8111443

>>8111397
Bitcoin is an entry point for alts you retard, if it keeps falling that means it's all going to shit

>> No.8111512

Ok you guys keep spamming about link and ven and any similar shit. I bet you know how important this is but are too scared to even think about it

>> No.8111632

>>8111512
VEN best coin.

Also transactions are a flawed metric since BCH fanatics spammed the network.

>> No.8111652

>>8111443
no it certainly is not faggot. Litecoin and ETH are the entry point for alts. go back to your reddit cuck lair

>> No.8111678

>>8111443
I stopped using Bitcoin almost a year ago and only use ETH for entry/trading. Fuck Bitcoin.

>> No.8111683
File: 57 KB, 645x588, e02[1].jpg [View same] [iqdb] [saucenao] [google]
8111683

>>8111652

>> No.8111685

Maybe there's less tumbling going on of transactions for illegal goods and services.

>> No.8112010

Shut up, normy. Average block size is at an ATH, which means Bitcoin got much more efficient and that there are more batch transactions.

>> No.8112060

Good riddance to this shitcoin

>> No.8112088

>that old piece of shit IBM will die and be replaced by Apple and Microsoft ;^)

>> No.8112123

>>8111372
Stopped using btc except to buy other crap coins.

>> No.8112141
File: 28 KB, 488x463, 1507081530789.png [View same] [iqdb] [saucenao] [google]
8112141

>>8111683
looks like we're ferreting out the retards today

>> No.8112196

>>8111372
no
cryptocurrency is "over", the bubble popped back in January-February.

>> No.8112495

Transactions are batched

>> No.8113107

>>8112196
Some shit coins may be over, not the whole market though. Did dot com bubble end all internet enterprises? Some died, new arised.
I think it will be the same this time over

>> No.8113126

>>8111372
Basically this https://www.cryptoglobe.com/latest/2018/03/bloomberg-bitcoin-txs-dropping-but-ignores-key-facts/

>> No.8113141

>>8111391
>he thinks self bumping works
kys newfag

>> No.8113147

>>8111372
Shits doomed, its eventually going to die. Just a matter of when. And when it does finally its going to drag a lot of other alts with it.

>> No.8113203

>>8113126

This is mass media fud to make normies sell at what they consider an "ok price": 10k. Yes, this actually happens. Once price dips into the 9k range mass hysteria begins.

>> No.8113220

Well no shit, nobody actually uses bitcoin for other than purchases of drugs, weapons and cp. This has always been the intended purpose of BTC and crypto. Why do you think Satoshi never revealed himself. Why do you think Vitalik defends CP and drugs? Only corecucks and cryptocucks push the narrative of transactions happening on the blockchain when in truth nobody is using crypto. The only usecase for crypto is to trade it and become richer. Nothing else.

>> No.8113247

>>8113203
It's going to be even worse for ETH. All those ERC20 shitokens sitting onto of it. When that shit pops it'll take everything with it.

>> No.8113262

>>8113141
I've been here since 2012. Doesn't it work?

>> No.8113298
File: 51 KB, 704x720, 1519992732341.jpg [View same] [iqdb] [saucenao] [google]
8113298

It's over unless institutional money flows in but it doesn't seem like it's happening.

>> No.8113302
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8113302

this site provides better insight on btc usage

https://transactionfee.info/charts/

>> No.8113434

Thanks to batching the total number of transaction is back to 2016 levels, but this doesn't mean there is less Bitcoin usage. The estimated transaction value in USD by http://blockchain.info is still at Nov 2017 levels (just before the crazy speculation period of December)

>> No.8113549

>>8113434
What do you think of that: >>8113107

>> No.8113648
File: 10 KB, 450x401, 1518915609088.png [View same] [iqdb] [saucenao] [google]
8113648

https://bitinfocharts.com/comparison/bitcoin-transactions.html

Transaction numbers have indeed dropped off

>> No.8113719

>>8113648
As longoing as it's a part of a cycle, I don't have a problem with it. Let's hope people come investing in crypto again.

>> No.8113731
File: 67 KB, 1234x612, Screen Shot 2018-03-04 at 17.50.36.png [View same] [iqdb] [saucenao] [google]
8113731

Pic related is the only chart that matters.

>> No.8113735

>>8113719
As long*
fucking autocorrect

>> No.8113789

>>8113735
Your phone corrected long to longoing?

>> No.8113809

>>8113731
im a brainlet why?
less supply?

>> No.8113821

>>8113434
God it's so disingenuous the way you phrased that

Nov 2017 levels are basically the levels it sat at for the past 3 years--i.e. only used by money laundering asians

All the USD txn volume from the bubble is completely gone

https://bitinfocharts.com/comparison/bitcoin-sentinusd.html#6m

>> No.8113853

Output numbers have gone up. the decrease in transactions is because big exchanges are batchig finally.

>> No.8113859

>>8113789
Yup. It's not very smart