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Saturday, March 3, 2018

Bitcoin has low transaction volume now.

https://finance.yahoo.com/news/bitcoin-transaction-volume-puzzling-investors-111215281.html

The drop in transaction volume is definitely a precursory warning.  My life experiences had taught me that declining transaction volumes were usually presaged by declining prices.  I've seen this phenomenon in the property market, commodity market and the stock market in my entire life.

The reasons for this declining transaction volume are no worldwide adoption for the bitcoin payment and loss of faith in crypto.

http://sg-stock.blogspot.sg/2018/02/another-merchant-has-dumped-bitcoin.html

1 comment:

Eric Ho said...

https://www.investopedia.com/news/bitcoin-transaction-volume-twoyear-low/?partner=YahooSA&yptr=yahoo