Quote from: Eugenar on January 20, 2020, 05:36:10 AM

Quote from: clickerz on January 20, 2020, 05:06:39 AM

Add to that is the hype that the situation in Iran, Venezuela, etc created. It created the hype that everyone being aware even not from that situation ride the situation and increasing the transactions. The more people being aware, the more they will use bitcoin and hopefully adoption which we expect is here.

On my opinion, the situation in iran is quite obsolete to be taken as the reason for the sudden increase in transaction rate we are experiencing right now. Yes, there might be an implication with this tension to the market but that is for about weeks ago already. Market correction has already done last week and the reason for me is because it is time already, that most of the traders see the good chance to buy at this time, and it is purely based on the market itself with a little push by the thoughts of bitcoin halving that will probably occur soon.

It could've caused a sudden dump or something in bitcoin's price if we were to consider the conflict going around Iran right now. But since it's so miniscule in regards to it's impact to bitcoin's price, we can't really give credit to the issue arounf Iran right now. Apart from that, the increase in transactions won't necessarily mean that bitcoin's price is going to increase, it has to be mostly cashing in and lesser people pulling out in order to make an increase, and it also have to be a large number of people doing this in order to make a difference in the price.