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❕NEWS The new bitcoin addresses generated in China has hit a major high

AudraMiller

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As we all know there are many new crypto enthusiasts that join the market on a daily basis and as such there are new wallet address that are generated daily. However, China may be the reason for the largest hike in bitcoin addresses generated within 24 hours, which is recorded to bee the highest point in the last two years.

Typically globally the market sees around 5000 to 10000 bitcoin addresses being generated on a daily basis, and this is considered to be normal. However, recently a report shows that 22000 bitcoin addresses were generated on a single day. This clearly shows the number of new people that are entering the crypto world.

What does this mean for crypto? I think that if more people are coming in, the demand should increase and we should see this with an increase in the price. Do you guys agree with me or do you differ in opinion. I look forward to what you guys think in this thread.
 
It's mean that Bitcoin steadily moving forward forming a more and more solid community day by day. 22000 new Bitcoin address in a day is huge.


I'm sorry OP maybe this is a bit out of topic, but I want to reply to this statement; but what if Bitcoin only give a little chance to join onboard, like only 0.something or 1.something in price decrease and some people take it and keep moving on? It's just like a break to exhale. Sure some other will left behind, will have to give more time in waiting.
So yes, patience in virtue.
This is sure huge for them to be having such a huge number of generated wallet daily, it points to the facts that more people are really beoming aware and actually becoming active
 
This is sure huge for them to be having such a huge number of generated wallet daily, it points to the facts that more people are really beoming aware and actually becoming active
yeah true but it could also be bots which i doubt that's the case so GO BITCOIN!
 
Lol some hates price reduction and some love price reduction that alone shows the pictures of trading crypto currencies
This is very true. I think that whether you love or hate a price reduction is more dependent on your crypto portfolio. Because if there is a price reduction and you have a small portfolio, it is an opportunity, but a large portfolio may be seen as a loss in that way.
 
This is very true. I think that whether you love or hate a price reduction is more dependent on your crypto portfolio. Because if there is a price reduction and you have a small portfolio, it is an opportunity, but a large portfolio may be seen as a loss in that way.
Like what type of crypto portfolio do you mean?, Yeah if someone is invest and want to earn big the target would be to love price increase that's my opinion
 
more bitcoin addresses doesn't mean more bitcoin there's a hard cap on the number of bitcoins that will exist hence why halving happens and less new bitcoins get generated until it hits the cap which at that point no new bitcoin will be generated as far as i know
Forgive me but, if in my "ignorance" regarding the cryptocurrencyes, I asked you: what does Bitcoin address mean? (because, you see, for now it's not already clear to me).
Anyway, I have to learn this soon!
Thank you.
 
Maybe he meant bitcoin wallet address ,where you can use to receive bitcoin to your wallet and do the transaction you want ,you can check crypto exchange site
 
Maybe he meant bitcoin wallet address ,where you can use to receive bitcoin to your wallet and do the transaction you want ,you can check crypto exchange site
Only this, then the address of my wallet, from which I take - or give / invest money?
Isn't that too simple? I just ask to know.
Thanks anyway.
 
Only this, then the address of my wallet, from which I take - or give / invest money?
Isn't that too simple? I just ask to know.
Thanks anyway.
You can use the address of your wallet to receive and send money to those with adress that'sof the uses of the uses of wallet address
 
Like what type of crypto portfolio do you mean?, Yeah if someone is invest and want to earn big the target would be to love price increase that's my opinion
By crypto portfolio i am referring to the amount of crypto that you have as an investment, as well as the variety of coins that you have invested in. Generally i noticed that when bitcoin price goes down, there are many coins that follow that pattern as well.
 
When bitcoin value goes down there are other coins value that goes down also. The increase number of addresses in daily basis doesn't mean all addresses are new because some wallet can generate more than one wallet address.
 
When bitcoin value goes down there are other coins value that goes down also. The increase number of addresses in daily basis doesn't mean all addresses are new because some wallet can generate more than one wallet address.
i actually forgot about that i was thinking of new addresses as new accounts/wallets to be honest forgot that you can request a new address everytime you use one lol
 

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