2017 left great expectations for bitcoiners with respect to cryptoeconomics. Against all bullish forecasts, the market remained on the downside for most of the year. This made 2018 seem like the worst year for Bitcoin so far for traders. However, the price of BTC is not the only metric in which the performance of the ecosystem should be considered during the last 12 months.
The developer of Bitcoin, Jamerson Lopp, ensures that 2018 was the worst and the best year for Bitcoin, depending on the statistics you look at. In this work of CriptoNoticias we will take a look at the numbers that reflect how the BTC network really behaved in this 2018, taking as a starting point the data shared by Lopp.
ECONOMY AND TRADING
90 times Bitcoin was declared dead in 2018 by analysts and commentators, with each drop in price. Recall that BTC started the year trading at $ 16,500 and reached its lowest point in December when it retreated to settle at $ 3,200. The reduction of more than 60% of the quotation caused discouragement in the bitcoiners recently incorporated into the ecosystem. However, according to Lopp the price is not the only economic figure that showed a decrease in recent months.
One year after the biggest boom in bitcoin, it registers a minimum of USD 3,200 in December 2018. Source: coinmarketcap.com.
According to figures from Coinmetrics, the value of average transactions decreased 90% in 2018; it went from more than $ 100,000 to $ 10,000. This means an average of more than $ 410,000 billions were transferred through BTC in the year, approximately $ 13,000 per second, according to data from Blockchain.com. #Bitcoin #Information
