Bitcoin per transaction cost goes down every four years, coincidence?
The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus implying an unpredictive trend. Diving deep into the thirteen-year-old Bitcoin (BTC) ecosystem makes one come across interesting patterns powered organically by investor sentiment and market conditions. With BTC’s per transaction cost coming down to $56.846 on July 14, the ecosystem unveiled a cycle wherein the per transaction costs invariably fall every four years.The cost per Bitcoin transaction is calculated by dividing miners' revenue by the number of transactions, thus....
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Bitcoin emerged in 2009, making it a total of 13 years of operations. In all these years, experts have identified interesting patterns from watching its movement closely. Observers suggest that two factors usually evoke these patterns on the network, market conditions and investor sentiment. A change in either of these factors causes many events to unfold in the ecosystem. The recent observation by these experts points towards a transaction cost reduction every four years. For example, the cost for one Bitcoin transaction was reduced to $56.846 on Thursday, July 14. This reduction....
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