Re: Sudden rise in Bitcoin transaction numbers - any theories why?
Simple: The stability.
Stability makes Bitcoin not look like a Ponzi-scheme. Stability makes Bitcoin look like a viable currency. Stability reduces the chance of monetary loss.
As a result, more amounts of Bitcoins are being bought from many more different people, and spent.
So yeah, stability makes the price rise, destroying stability Stability makes Bitcoin not look like a Ponzi-scheme. Stability makes Bitcoin look like a viable currency. Stability reduces the chance of monetary loss.
As a result, more amounts of Bitcoins are being bought from many more different people, and spent.
Before the bubble it was a common scenario for stability to be fuel for the rocket.