The True Cost of Bitcoin Transactions
It seems the Bitcoin community is not correctly tallying the true cost of Bitcoin transactions. The belief is that Cost = Miner Fee. We’ll show why this is wrong, but the fee is of course part of the cost, so let’s examine it first… Fees are currently averaging in the range of $0.30 to $1.00 per transaction. Here’s an anecdotal sample as I’m writing....
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Upon realization of Bitcoin’s true value, one must reconcile their economic opportunity cost with their new reality.
Most people have no idea what their average cost per coin is and without knowing your cost, how can you make educated financial decisions? That's like running a business without knowing how much you paid for the products that you sell. Normal everyday people around the world will not realize Bitcoin’s potential until this function becomes a seamless wallet feature and as common as deterministic wallets are now. "Buy when there is blood in the streets, even if the blood is your own." This is an old saying that relates to trading stocks but it also holds true for a number of commodities that....
On-chain data shows the true market mean price of Bitcoin is valued at $29,700 right now, making the level of particular significance for the coin. Bitcoin True Market Mean Price Is At $29,700 Currently In a new post on X, the lead on-chain analyst at the on-chain analytics firm Glassnode, “Checkmate,” pointed out how the BTC price currently trades below the true market cost basis. The “market cost basis” refers to the average price at which the investors in the sector bought their coins. One popular way of calculating this cost basis is through the “realized....
Musk continues to show his support for Doge as time goes by. This time, the billionaire has opined that Bitcoin and Ethereum transactions layers are too slow. Comparing this with the speed of Doge, Musk explained that the cost of transactions remains too high. It is true that bitcoin and ethereum confirmation times become quite […]
A Taiwanese couple seems to have managed to con at least a thousand people by luring them to invest into a fake bitcoin-based investment scheme. This couple reportedly orchestrated the whole program by using two well-known instant messaging applications. If it is too good to be true, then it probably is not true. Everyone should keep these words in mind whenever they are on a lookout for some investment opportunities. The same holds true for Bitcoin, for it has few additional drawbacks compared to centralized fiat currencies in terms of bad transactions. Currently, bitcoin transactions are....