u/jawbroken

Don't worry, they don't become irrelevant in a bear market, because they were never relevant in the first place.

So, in conclusion, you are a big time liar just trying to score points online? Cool.

+= 1

I mean, yes, you do to get any sort of a reasonable average. Your method does give an unreasonable average, though. Your average also has nothing really to do with whether “in general, historically bitcoin has been a good investment”, which it almost certainly hasn't been for most people.

Not really, because you would have to weight it by volume or similar to make a reasonable average.

That doesn't sound like a “smart fee estimate” at all, just a way to manually set a higher fee.

Yes. All methods are flawed, some are much more flawed than others.

Sure, you could look at estimated transaction volume for similar results, or a number of other metrics (all with their own flaws). Doesn't change the fact that transactions/day is a terrible measure of the “usage of bitcoin” and that it's incorrect to state that it disproves the original assertion.

Edit: And the estimated transaction volume in USD is probably more helpful here.

How can transactions/day “prove this wrong” when there's no reasonable way to determine the transaction volume or work out if a transaction is between two different parties? The metrics that attempt to adjust for these issues, such as bitcoin days destroyed, seem flat at best, over years.

Yeah, that's what I was told in the support email as well. Thanks.

The technical name for this pattern is Apophenia.

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The url itself looks sufficiently long and random, but I don't know if there's some sort of index somewhere. Still makes me uncomfortable and there doesn't appear to be any way to delete them.

Good hiding spot, but it works. Thanks.

buh