All posts made by supermancointhingyo in Bitcointalk.org's Wall Observer thread



1. Post 9616372 (copy this link) (by supermancointhingyo) (scraped on 2020-04-04_Sat_13.33h):

Quote from: NotLambchop on November 21, 2014, 09:57:02 PM
Would it make sense that knowing the total amount of daily transaction on the network keeps growing for the past 5 months https://blockchain.info/charts/n-transactions , that the BTC price would follow?

Why?  It's been doing pretty much the opposite.

Only makes sense to me that since more people uses Bitcoins that the price has more potential to grow.

In an asset as manipulated as Bitcoin, the number of transactions doesn't necessarily correlate to the number of users, or even to transactions between individuals (moving coin between two addys you control, for instance, cold/hot wallets, etc.).  Reliable Bitcoin metrics are pretty difficult to come by (partially by design).
Ever heard of the blockchain?