Re: Bitcoin progress in 2017

Re: Bitcoin progress in 2017

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Rahar02
good stats, but please add some proper formatting to your post. using bullets may be a good idea, it makes the post easier to read and understand.

and about localbitcoins i have to say you could have gained the statistics based on country in order to see which one has spiked, and yes in China the volume coming from LBC has gone up even since PBoC but i am expecting a drop since they are going back to their exchanges.

Edit: ah what the heck let me do it for ya (added 1):

  • Bitcoin has been above four digits for the longest period ever.
  • Localbitcoins trading volume have reached $32 millions per week. This may be due to chinese switching to localbitcoins due to strict regulations of PBOC.
  • As per google statistics, bitcoin searches have increased in many countries this year,especially in africa and the baltic region.
  • Bitcoin ATMs have reached around 1081 ATMs across 56 countries.
  • US and Europe share largest share of bitcoin ATMs.
  • Bitcoin community is growing upwards with increase in bitcoin wallets,transactions,price and trading volumes.
  • Bitcoin progress continues on and on.
  • Bitcoin node count has been at its peek around 7000 after a long time

It become easier to understand with some points.
Every increase of bitcoin is a good thing, except for unconfirmed and transaction fee.
But, I agree that Bitcoin ATMs isn’t optimal as people prefer to purchase/transact online, moreover if bitcoin ATMs has higher exchange rate than average price/fee.
The best achievement of bitcoin in 2017 must be pass through $1000 wall and reach $2000 or at least $1500 consider as good price.
However, bitcoin problem regarding the block size limit and unconfirmed transaction should be resolved as soon as possible to attract more adopters and merchants.


mrcash02
good stats, but please add some proper formatting to your post. using bullets may be a good idea, it makes the post easier to read and understand.

and about localbitcoins i have to say you could have gained the statistics based on country in order to see which one has spiked, and yes in China the volume coming from LBC has gone up even since PBoC but i am expecting a drop since they are going back to their exchanges.

Edit: ah what the heck let me do it for ya (added 1):

  • Bitcoin has been above four digits for the longest period ever.
  • Localbitcoins trading volume have reached $32 millions per week. This may be due to chinese switching to localbitcoins due to strict regulations of PBOC.
  • As per google statistics, bitcoin searches have increased in many countries this year,especially in africa and the baltic region.
  • Bitcoin ATMs have reached around 1081 ATMs across 56 countries.
  • US and Europe share largest share of bitcoin ATMs.
  • Bitcoin community is growing upwards with increase in bitcoin wallets,transactions,price and trading volumes.
  • Bitcoin progress continues on and on.
  • Bitcoin node count has been at its peek around 7000 after a long time

It become easier to understand with some points.
Every increase of bitcoin is a good thing, except for unconfirmed and transaction fee.
But, I agree that Bitcoin ATMs isn’t optimal as people prefer to purchase/transact online, moreover if bitcoin ATMs has higher exchange rate than average price/fee.
The best achievement of bitcoin in 2017 must be pass through $1000 wall and reach $2000 or at least $1500 consider as good price.
However, bitcoin problem regarding the block size limit and unconfirmed transaction should be resolved as soon as possible to attract more adopters and merchants.

For me the best achievement would be to solve the transaction delay issue somehow without a hardfork, which could destabilize the currency, creating a more serious problem than the transaction delays. Consequently, I believe it this happens, the price would increase as well, maybe reaching the $1500, or very luckly $2000.


Rajchandu

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The best achievement of bitcoin in 2017 must be pass through $1000 wall and reach $2000 or at least $1500 consider as good price.
However, bitcoin problem regarding the block size limit and unconfirmed transaction should be resolved as soon as possible to attract more adopters and merchants.
I think bitcoin has a great future and the era of currency maybe it’s true. increasing interest everyone in bitcoin make bitcoin became famous around the world and the prospect of increasing bitcoin on year although this year there was a slight problem like transaction confirmation I think it’s a gravel for bitcoin and the price of bitcoin fell last week certainly bitcoin prices will increase from the previous

Owl_Fintech

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Bitcoin may be in a much better situation by the end of the year, it will all depend on how developers, miners and users will come to a consensus to resolve the scaling issue. From what I’ve learned so far, both sides of the debate have good points, but thinking in the long run, the best solution would SegWit implementation. Besides allowing LN, this solves the malleability problem. If necessary, the size of the block could be increased later.

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By alui0000 on 2014-04-03 09:56:50
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