Media misleads traders with negative bias regarding low Bitcoin transactions volume...

An article from the Coin Telegraph was released today, stating, "Bitcoin transactions volume hits two-year low, despite rock-bottom fees" (source).

The article goes to to portray this as a "slump", "struggling" to regain highs it achieved late last year. Despite SegWit implementation, which increases transaction speed and decreases transaction cost, it appears, according to the article, that Bitcoin is losing its appeal, further explaining that it appears traders are choosing to "hodl" their Bitcoin as few new buyers are entering the market.

This is a simplistic over-sight at best and deliberate misleading at worst. While it does point out that, positively, transactions are the cheapest they have been in months at around 40 satoshis, or $0.005 per byte, the article portrays low transaction volume as a decline in Bitcoin's popularity.

It's almost as if the writer at Coin Telegraph had never heard of "batching". Batching was recently implemented by the two of the largest Bitcoin exchanges in the world; GDAX and Bitfinex, among others. Batching allows a large group of transactions to act as one single large transaction, reducing network demand and volume significantly. Batching essentially does the behind-the-scenes math of numerous transactions and simplifies the whole group of transactions into a single large transaction, thus the term, "batching".

Here is a nice explanation of batching. It's been around a while, but has only recently begun being implemented by major exchanges. This is not a new concept, and the writers at Coin Telegraph surely are aware of this innovation.

It leads me to wonder, why the FUD?

source:

https://cointelegraph.com/news/bitcoin-transaction-volume-hits-two-year-low-despite-rock-bottom-fees

https://bitcointechtalk.com/saving-up-to-80-on-bitcoin-transaction-fees-by-batching-payments-4147ab7009fb

image source:

https://www.makeuseof.com/tag/use-windows-batch-file-commands-automate-repetitive-tasks/