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S&P 500
5,474.79
(
0.19%
)
US TECH 100
19,114.40
(
-0.48%
)
Dow Jones
39,398.78
(
0.63%
)
Brent Oil
84.70
(
0.80%
)
Bitcoin
61,460.65
(
-2.69%
)
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katchum

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katchum

Re: chrispy2468 post# 19768

Friday, 10/13/2017 3:32:54 PM

Friday, October 13, 2017 3:32:54 PM

Post# of 21720
Bitcoin price is correlated with transaction volume. There are now 300000 transactions per day in bitcoin. Compared to 1 non cash payment per person per day. There are 6 billion people in the world. If everyone uses bitcoin, we have 6 billion transactions per day. 6 billion divided by 300000 is 20000. So there is plenty of upside in bitcoin. Even if one percent of the population starts using bitcoin in a payment system, it would go up 200 times.
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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