Representatives of the research firm Coinmetrics claim that 66 per cent of Bitcoin transactions have no economic value. In other words, two-thirds of the cryptocurrency transactions are not used for trading or purchasing of goods and services.
Most of the translation belongs to who allocates the compensation among its members. The number of transactions in the blockchain also affect whales, which redistribute coins between their own wallets. About it writes .
A Large part of the movements of the coins does not affect the economic side of the stock market. A similar situation exists with Althingi. For example, 45 percent of transactions in the network Ethereum is also not produce economic benefits, and some are common . Worst of all in this matter Cardano — only 2 percent of the transaction of cryptocurrencies affect its price.
Anonymity is one of the key features of Bitcoin. On the other hand, the cryptocurrency should be transparent in order to be recognized by large investors and financial regulators. A similar view is held by chief investment officer, Newscape Capital Group Charlie Morris.
If this industry is no joke and a serious matter, people should know more. If large investors are interested in digital assets, they need to know what to buy.
The General Director of the analytical company Elementus Max Galka explained that the analysis of volumes is not the only tool for studying the state of the stock market.
You seem to see on the blockchain through a keyhole. We want to have access to the full picture.
Experts identify three main culprit «useless» transaction.
theIf you take into consideration all these factors, it turns out that cryptocurrencies are not that «» what they considered to be. Perhaps now is the time .
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