Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

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Fri Mar 15, 2019 3:21 pm

Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year.

At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions.

Interestingly, the amount of bitcoin trade volume had closely aligned with it’s price trend for years, but upon closer examination, the close connection ended during the latest market rout in November when trade volumes failed to sink along with the quickly depreciating broader cryptocurrency market.

As can be seen below, the divergence between trading volume is evident for not only bitcoin, but other top-ranked cryptocurrencies like the fourth-largest in the world by market cap, litecoin (LTC).
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bitcoin-new-768x405.png (93.88 KiB) Viewed 317 times
Just before the plunge to $3,000, bitcoin was priced at $6,385 on Nov. 10 when it accumulated $3.70 billion in 24-hour exchange volume, according to data from Coinmarketcap.

Today, however, bitcoin’s price is nearly half of what it was in November, yet its trading volume is just above $11 billion, which is 200 percent more than the trading volume seen on Nov. 10 and a value last commonly observed in April 2018.

Coinmarketcap data further reveals the most exchange volume the world’s largest cryptocurrency ever saw in a single day was $23.84 billion when bitcoin’s price was $17,429.50 on Jan. 05, 2018.
gurumaster
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Wed Jul 10, 2019 4:13 am

Bitcoin Core GUI will begin to download the block chain. This step will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer.
wonshey
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Wed Jul 10, 2019 5:17 am

Occasionally the format of those files changes, but the new Bitcoin Core version will include code that automatically upgrades the files to the new format so no manual intervention is required.
wonai
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Wed Jul 10, 2019 7:09 am

In the bottom right corner of the Bitcoin Core GUI are several icons. If you hover over the signal strength icon, it will tell you how many connections you have.
alayemi
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Wed Jul 10, 2019 8:08 am

Giving your computer a static (unchanging) internal IP address by configuring the Dynamic Host Configuration Protocol (DHCP) on your router.
wonshey
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Wed Jul 10, 2019 9:27 am

Login to your router using the same steps described near the top of the DHCP subsection. Look for an option called Port Forwarding, Port Assignment, or anything with “Port” in its name. On some routers, this option is buried in an Applications & Gaming menu.
gurumaster
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Wed Jul 10, 2019 12:21 pm

Many people and organizations volunteer to run full nodes using spare computing and bandwidth resources—but more volunteers are needed to allow Bitcoin to continue to grow.
alayemi
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Wed Jul 10, 2019 12:34 pm

It’s possible and safe to run a full node to support the network and use its wallet to store your bitcoins, but you must take the same precautions you would when using any Bitcoin wallet.
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