create account

Bitcoin activity approaching all time high levels! by jrcornel

View this thread on: hive.blog |  peakd.com |  ecency.com
bitcoin · @jrcornel ·
$23.51
Bitcoin activity approaching all time high levels!
# We are close to the lows in terms of price, but the activity levels are near the highs.

Looking at a chart of bitcoin daily confirmed transactions, we can see that the numbers are now approaching levels not seen since December of 2017.

Those numbers were the highest bitcoin daily confirmed transactions ever.

Check it out:

https://i.postimg.cc/ht38JkHm/iXMNgMox.jpg

(Source: https://www.blockchain.com/en/charts/n-transactions?timespan=all)

This is interesting because the last time the daily transactions were near these levels, bitcoin was trading for close to $20k!

# Right now, we are close to 80% off those highs, yet transactions are getting back to those highs, what gives?

That is likely real adoption due to fees coming way down.

Now that fees are much more reasonable due to SegWit adoption, people are starting to actually use bitcoin again.

One of the unfortunate side affects when bitcoin ran to $20k was severe network congestion and skyrocketing fees.

At one point fees were in the $40-$60 range.

# Right now, with transactions approaching all time high levels, fees are near 3 year lows!

The average transaction fee currently is roughly $.40.

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

Which is 99% lower than the peak of 2017!

That is great news going forward for both adoption of bitcoin as well as for investments coming back into bitcoin.

Onwards and upwards!

Stay informed my friends.

-Doc
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 270 others
properties (23)
authorjrcornel
permlinkbitcoin-activity-approaching-all-time-high-levels
categorybitcoin
json_metadata{"community":"busy","app":"busy/2.5.6","format":"markdown","tags":["bitcoin","crypto","busy","life","blog"],"users":[],"links":["https://www.blockchain.com/en/charts/n-transactions?timespan=all","https://bitinfocharts.com/comparison/bitcoin-transactionfees.html"],"image":["https://i.postimg.cc/ht38JkHm/iXMNgMox.jpg"]}
created2019-03-10 18:12:33
last_update2019-03-10 18:12:33
depth0
children19
last_payout2019-03-17 18:12:33
cashout_time1969-12-31 23:59:59
total_payout_value18.189 HBD
curator_payout_value5.319 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,455
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,026,598
net_rshares34,350,780,533,072
author_curate_reward""
vote details (334)
@corndog54 · 
👍💰👍
👍  
properties (23)
authorcorndog54
permlinkre-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t033707133z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 03:37:09
last_update2019-03-11 03:37:09
depth1
children1
last_payout2019-03-18 03:37:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3
author_reputation1,431,363,675,886
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,046,566
net_rshares11,696,078,734
author_curate_reward""
vote details (1)
@jrcornel ·
$1.60
properties (23)
authorjrcornel
permlinkre-corndog54-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t171413956z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 17:14:12
last_update2019-03-11 17:14:12
depth2
children0
last_payout2019-03-18 17:14:12
cashout_time1969-12-31 23:59:59
total_payout_value1.206 HBD
curator_payout_value0.389 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length10
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,081,037
net_rshares2,284,491,592,981
author_curate_reward""
vote details (7)
@felix.herrmann · 
![bitcoin transaction.JPG](https://cdn.steemitimages.com/DQmRdBMoLh6o2Wkc6Ph2Aq6Ldimjbjn9T1rXpBZ7L7NQpdB/bitcoin%20transaction.JPG)

but we see a bigger drop now - (following dump?)
properties (22)
authorfelix.herrmann
permlinkre-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t114340878z
categorybitcoin
json_metadata{"tags":["bitcoin"],"image":["https://cdn.steemitimages.com/DQmRdBMoLh6o2Wkc6Ph2Aq6Ldimjbjn9T1rXpBZ7L7NQpdB/bitcoin%20transaction.JPG"],"app":"steemit/0.1"}
created2019-03-11 11:43:39
last_update2019-03-11 11:43:39
depth1
children1
last_payout2019-03-18 11:43:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length181
author_reputation127,395,519,376,641
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,064,064
net_rshares0
@jrcornel ·
$1.50
Yep, if you zoom in you can see that we are not at the recent highs, however the overall trend is way up and 'near' the levels we only saw back at the 2017 highs.
👍  , , , , , ,
properties (23)
authorjrcornel
permlinkre-felixherrmann-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t171529596z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 17:15:30
last_update2019-03-11 17:15:30
depth2
children0
last_payout2019-03-18 17:15:30
cashout_time1969-12-31 23:59:59
total_payout_value1.134 HBD
curator_payout_value0.366 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length162
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,081,106
net_rshares2,147,120,248,702
author_curate_reward""
vote details (7)
@mtl1979 · 
Biggest problem I see with Bitcoin is the time between blocks... It's way too large a lot of times... That means blocks grow huge and processing them take a lot of I/O power (both disk and network I/O)... Network congestion is caused by that huge amount of traffic travelling between nodes. Bitcoin needs to do something to limit block difficulty so smaller nodes can also mine blocks, not just large mining farms.
properties (22)
authormtl1979
permlinkre-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t125352802z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 12:54:03
last_update2019-03-11 12:54:03
depth1
children7
last_payout2019-03-18 12:54:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length414
author_reputation901,077,179,728
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,067,391
net_rshares0
@jrcornel ·
$1.47
Limit block difficulty or decrease time between blocks?
👍  , , , , , , ,
properties (23)
authorjrcornel
permlinkre-mtl1979-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t171630380z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 17:16:30
last_update2019-03-11 17:16:30
depth2
children6
last_payout2019-03-18 17:16:30
cashout_time1969-12-31 23:59:59
total_payout_value1.112 HBD
curator_payout_value0.358 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length55
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,081,146
net_rshares2,104,867,005,695
author_curate_reward""
vote details (8)
@mtl1979 · 
I think decreasing (target) time between blocks directly affects block difficulty and vice versa... As far as I know, miner luck will also affect time between blocks. I've seen with some coins really low and really high miner luck numbers that screw up any existing difficulty calculation formulas.
properties (22)
authormtl1979
permlinkre-jrcornel-re-mtl1979-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190311t225553109z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 22:55:54
last_update2019-03-11 22:55:54
depth3
children5
last_payout2019-03-18 22:55:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length298
author_reputation901,077,179,728
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,098,752
net_rshares0
@newageinv · 
With that type of volume, I wonder what will be the stats from the big exchanges on new accounts and general wallets?  We also have the Samsung S10 potentially deploying a bitcoin wallet soon on the new phone in the coming weeks as well!  This is much better than a Wall Street ETF in my opinion!

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
👍  
properties (23)
authornewageinv
permlinknewageinv-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190310t181917526z
categorybitcoin
json_metadata{"app":"partiko","client":"ios"}
created2019-03-10 18:19:24
last_update2019-03-10 18:19:24
depth1
children1
last_payout2019-03-17 18:19:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length358
author_reputation263,985,065,341,880
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,026,834
net_rshares765,533,471
author_curate_reward""
vote details (1)
@jrcornel ·
$1.37
It is much more of the fundamentals being built up as opposed to a one off moon shot. Though I think a bitcoin ETF will help bring in a ton of institutional money. We need one.
👍  , , , , , , ,
properties (23)
authorjrcornel
permlinkre-newageinv-newageinv-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190310t184647135z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-10 18:46:48
last_update2019-03-10 18:46:48
depth2
children0
last_payout2019-03-17 18:46:48
cashout_time1969-12-31 23:59:59
total_payout_value1.039 HBD
curator_payout_value0.333 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length176
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,027,987
net_rshares1,963,428,739,156
author_curate_reward""
vote details (8)
@nickgrujic · 
its coming together very very nicely thanks for the post bud
cheers
👍  
properties (23)
authornickgrujic
permlinkre-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190310t185956644z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-10 19:00:00
last_update2019-03-10 19:00:00
depth1
children2
last_payout2019-03-17 19:00:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length67
author_reputation1,752,394,809,722
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,028,412
net_rshares10,343,018
author_curate_reward""
vote details (1)
@jrcornel ·
$1.35
Yep, things are certainly coming together.
👍  , , , , , , , , , , ,
properties (23)
authorjrcornel
permlinkre-nickgrujic-re-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190310t190729421z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-10 19:07:30
last_update2019-03-10 19:07:30
depth2
children0
last_payout2019-03-17 19:07:30
cashout_time1969-12-31 23:59:59
total_payout_value1.023 HBD
curator_payout_value0.328 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length42
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,028,714
net_rshares1,935,308,537,982
author_curate_reward""
vote details (12)
@lyndsayblowes · 
Above you will see the ramblings of an inbred halfwit (@nickgrujic).  His father is also his uncle and his mothers brother.  Fucking disgusting trash can't even form a complete sentence.
👍  
👎  ,
properties (23)
authorlyndsayblowes
permlinklyndsayblowes-re-nickgrujicre-jrcornel-bitcoin-activity-approaching-all-time-high-levels-20190310t185956644z
categorybitcoin
json_metadata""
created2019-03-10 19:00:18
last_update2019-03-10 19:00:18
depth2
children0
last_payout2019-03-17 19:00:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length186
author_reputation13,617,980,744,778
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,028,434
net_rshares577,249,066
author_curate_reward""
vote details (3)
@steemitboard · 
Congratulations @jrcornel! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x60/http://steemitboard.com/notifications/postallweek.png</td><td>You published a post every day of the week</td></tr>
</table>

<sub>_[Click here to view your Board](https://steemitboard.com/@jrcornel)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) and get one more award and increased upvotes!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-jrcornel-20190311t061550000z
categorybitcoin
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2019-03-11 06:15:48
last_update2019-03-11 06:15:48
depth1
children1
last_payout2019-03-18 06:15:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length725
author_reputation38,975,615,169,260
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,051,853
net_rshares0
@jrcornel ·
$1.53
properties (23)
authorjrcornel
permlinkre-steemitboard-steemitboard-notify-jrcornel-20190311t171444027z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2019-03-11 17:14:45
last_update2019-03-11 17:14:45
depth2
children0
last_payout2019-03-18 17:14:45
cashout_time1969-12-31 23:59:59
total_payout_value1.158 HBD
curator_payout_value0.373 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length13
author_reputation2,133,450,396,741,846
root_title"Bitcoin activity approaching all time high levels!"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,081,064
net_rshares2,193,830,455,925
author_curate_reward""
vote details (7)
Help/Feedback