Post
Topic
Board Economics
Re: Transaction demand will increase dramatically
by
Mr Tea
on 03/06/2014, 16:29:01 UTC
Each block currently only carries 0.1btc transaction fees, often less than that. That is only 0.4% of block reward. Miners are not going to care even if it fee doubles.

Big businesses accepting bitcoin will eventually take prices back to $1000 level. Hope it comes before end of the year.

Making huge assumption on price.

If price direction can be predicted so easily, everyone here will be as wealthy as bill gates.

I think it's logical that the more businesses and people start accepting it the demand and therefore price goes up.