After quite turbulent events during the last few years, I somehow feel BTC economy s been slowing down a bit. Maybe people are losing interest after not seeing those price jumps/decreases which we witnessed in the past. I know statistics ll probably dispute my claims but this is just my feeling. How do you feel about it, are people still into BTC?
some say no because:
3 years ago it took ALOT of effort for prices to move from $6.20 to $6.60 in a month ..
but now prices are moving $225-$270 every week roughly.
$50 dollar movement as oppose to 50 cent movement means that alot of dollar is moving about...
.... or (my theory) not much bitcoin is on exchanges allowing movements to be rapid, without much dollar involvement
you can't really compare like this, now there is more people "playing" with bitcoin, the volume is larger, more transactions, and the price is higher, which mean more money involved in any movement, it's called proportion
0.5 cent is rougtly 1/12 of 6 50 is 1/6(but that was just one case), normally we are moving of 20-30 only now, which mean 1/10-1/12, about the same as before