Post
Topic
Board Economics
Re: Ok. Number of Bitcoin transaction increased double. Expect price increasing?
by
lixer
on 17/01/2020, 08:17:22 UTC
So i heard that the number of Bitcoin transaction increased double recently.

which means i can expect price increasing near future right?


Btw, i recently got airdrop token, which is exchange token, BPX?

Do you guys think that this kind of token may have a good value or nothing?
Hmmm, I have heard of several reasons that can lead to an increase in Bitcoin (BTC) price and an increase in the rate of transaction has never been one of them, maybe it can signify that there is increase in usage and adoption, but it doesn’t really mean there will be increase in the price. If you talk about reasons that can make the price to increase then you should be talking about the rate of supply and the demand; a constant demand and lower supply can cause a spark that will make the price to rise.

The next thing that can affect the price is cost of production, miner’s rewards, exchanges , etc. So transaction is not part of it, I’m only looking forward to the next halving, that might lead to a bull run.