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Bitcoin’s [BTC] median transaction value is over 125x that of Bitcoin [BCH], Bitcoin SV [BSV]

Bitcoin’s [btc] median transaction value is over 125x that of bitcoin [bch], bitcoin sv [bsv]

Bitcoin’s [BTC] median transaction value is over 125x that of Bitcoin [BCH], Bitcoin SV [BSV]

bitcoin [BTC], the largest cryptocurrency in the cryptospace has always been engaged in a heated debate with coins such as bitcoin Cash [BCH] and bitcoin SV [BSV], coins which came from the initial hard fork of the bitcoin code.

According to recent data released by bitinfocharts.com, the median transaction value witnessed between the coins is significantly different. As reported, the value of transactions observed on the bitcoin blockchain was significantly higher, when compared to transactions sent on the BCH and BSV blockchain.

Bitcoin’s [btc] median transaction value is over 125x that of bitcoin [bch], bitcoin sv [bsv]

Source: BitInfoCharts

According to the data, the median value for a bitcoin transaction on the blockchain was around $101.218. When compared to BTC’s transaction value, BCH and BSV recorded significantly low values overall, with their respective median values at $0.0279 and $0.966, respectively.

The huge difference in median transaction value held minor importance in terms of popularity, but the massive median transaction value could be taken as an indication of investors being more inclined towards putting their faith in bitcoin, rather than BCH or BSV.

Additionally, for some users, long-term adoption and validation of cryptocurrencies would depend on digital assets being more accessible and feasible for small, frequent and cheap purchases.

One particular reason for the high bitcoin transaction value can be the process of batching. With bitcoin, transactions are usually clubbed together to reduce the strain on the blockchain.

At press time, bitcoin [BTC] was valued at $5152.89, with every median transaction value at around 0.02 BTC. The recent bullish run had positive implications for BCH as well after the coin crossed the $300 mark.

The post Bitcoin’s [BTC] median transaction value is over 125x that of Bitcoin [BCH], Bitcoin SV [BSV] appeared first on AMBCrypto.

Published at Tue, 16 Apr 2019 10:13:13 +0000

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Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’

After calling bitcoin a ‘fad’ and a ‘pyramid scheme’ the man who called the dot com bubble has admitted that he does not understand what is driving the value of bitcoin, which keeps rising seemingly unhindered.

While many, including traditional investors, come around to bitcoin and get on board with the digital currency that keeps breaking records in terms of its value, some are still stubbornly skeptical, and a little confused.

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Where is the Value?

Howard Marks, the billionaire investor who made his name on Wall Street from calling some major investment bubbles, including the Dotcom bubble, said on CNBC’s Fast Money Halftime Report that he can’t figure out the actual value of bitcoin.

Speaking about this new-age currency, Marks said:

It’s not a medium of exchange, it’s a medium of trading, so I can’t see any intrinsic value, I don’t understand what’s behind bitcoin.

He later added:

For me, there is only one kind of investing: When you look at something, you don’t think, ‘Is it going up or down tomorrow?’ … You say, ‘What is the intrinsic value?’ and then you say, ‘Can I buy it for less? […] There is no intrinsic value in bitcoin.

Value of Bitcoin tops $4000

Value Keeps on Rising

Despite this doyen of traditional investing stating that there is no intrinsic value to the most famous digital currency, its value recently topped $4,000. As such, there are very few assets in the world that can even come close.

Fundstrat co-founder Tom Lee, CEO of Ritholtz Wealth Management Josh Brown as well as another investing legend Bill Miller, are all in the opposite camp of Marks’ as they have thrown their full support behind this up and coming skyrocketing asset.

Lee believes it will be the top performing asset at the end of the year while Miller has said that he is the proud owner of bitcoin.

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Left Behind

Marks was happy to concede on the show that perhaps the digital currency was a technology and an asset that he was simply too old to understand.

“Maybe I’m just too old and too much of a dinosaur to understand bitcoin,” Marks said jokingly.

However, Marks has still been bold enough to compare bitcoin to other bubbles that have gone back as far as the 1900 Tulip mania in the Netherlands. It is through his popular memos that the former Oaktree Capital co-chairman warned about a crash in bitcoin.

Should people worry about what these traditional investors think? Is bitcoin breaking the mold and setting its own precedents? Let us know in the comments below!

Images courtesy of CoinMarketCap, Shutterstock, Thomas Lee/Bloomberg

The post Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’ appeared first on Bitcoinist.com.

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