High Fees Continue

[crazed 9.6]

I get monthly Newsletters from online Crypto Exchanges.
Shown below is a direct C/P from one of them Exchanges.



Summary of this month’s Market Outlook
Market Movements
March/April, 2021

Bitcoin (BTC) set another new all-time high at ~$61k on March 13th; crypto markets subsequently sold off and have settled into a sideways pattern but bitcoin and Ethereum (ETH) both managed to finish up over 30% for the month.

Broader financial markets were mixed: stocks were up ~5% with long-dated US treasuries plunging again (-5%), gold continuing drifting downward (-2%), and the US dollar showing strength (+2%).

We continue to see strengthening crypto adoption fundamentals, including major Wall Street firms adding crypto product offerings and the validation of crypto’s value proposition for the art world.

On-chain insights: Highlights from the Blockchain.com data science team.

Activity on the bitcoin network continues to decline due to high network fees and a congested mempool.

The average fee per transaction is now $18 per transaction (bitcoin) wit high fees continuing to push out the crypto “retail” market.

The average transaction size increased 9%, confirming that larger transactions are increasingly making up more of the BTC network.


NFTs
Non-Fungible Tokens: Digital Collectibles.
A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable.
NFTs can be used to represent items such as photos, videos, audio and other types of digital files.


The latest news from last month, featuring content from Bitcoin Magazine, The Daily Gwei, The New Yorker, and more.

[Marley]

why would anybody use bitcoin unless its worth it

[Deadwood]

why would anybody use bitcoin unless its worth it

It keeps the business and privacy out of the business of government.

[crazed 9.6]

It keeps the business and privacy out of the business of government.

Some one said that Cryptocurrencies are the Government :eek:
And an online Cryptocurrency Exchange is the IRS :eek:

lol.... I never said that but someone did :eek:

No one knows who created the Blockchain technology in the first place. We know the screen name of the person or persons, but that is basically all we know.
The person or persons behind that screen name dissapeared/vanished a few years after bitcoin got rolling and Never to be heard from again.
Which makes for a good mystery and so the rumors started :)
Some say he has in his possesion (or had) multi millions of bitcoin... but no one really knows.

There is also talk that the guy that owns Alibabi and is also the richest business person in China, also has possession of the biggest amount of Cryptcurrency of anyone or any entity. Including all the Whales put together. So they say.
That right there is some scary stuff :eek:

But I never said it :)

[crazed 9.6]

Summary of last month’s Market Outlook report:

Market Movements

Bitcoin (BTC) set another new all-time high at ~$61k on March 13th; crypto markets subsequently sold off and have settled into a sideways pattern but bitcoin and Ethereum (ETH) both managed to finish up over 30% for the month
Broader financial markets were mixed: stocks were up ~5% with long-dated US treasuries plunging again (-5%), gold continuing drifting downward (-2%), and the US dollar showing strength (+2%)
We continue to see strengthening crypto adoption fundamentals, including major Wall Street firms adding crypto product offerings and the validation of crypto’s value proposition for the art world

On-chain insights: Highlights from the Blockchain.com data science team

Activity on the bitcoin network continues to decline due to high network fees and a congested mempool
The average fee per transaction is now $18 per transaction; high fees continue to push out the crypto “retail” market
The average transaction size increased 9%, confirming that larger transactions are increasingly making up more of the BTC network

Non-Fungible Tokens: Why Digital Collectibles Have Real Value - Guest Post by Enjin

Non-Fungible Tokens (NFTs) feature all of the technological benefits brought by blockchain: provide scarcity, unique identities, security when trading, and more
Humans are hardwired to collect; thanks to blockchain technology, digital collectibles can now be truly owned and verified
There are additional benefits that blockchain provides digital collectibles as compared to tradition physical collecting



The latest news from last month, featuring content from Bitcoin Magazine, The Daily Gwei, The New Yorker, and more.