The slow and quiet surge of Bitcoin to peak levels

Bitcoin is significantly and quietly re-gaining momentum. There has been a vast increase in the total transactions confirmed per day and the reached levels have not been of such magnitude since 2017. In that particular year, the largest cryptocurrency of the world surged in terms of its value and caused it to become a hot topic all over the world.

According to Campbell Harvey who is a finance professor at the Duke University, the reason for Bitcoin having a bubble year in 2017 was the large volume of transactions whose origin was in nothing else but pure speculation. With time Bitcoin had subsided, however, the recent gain in its momentum is an indication that there is indeed future for Bitcoin as a cryptocurrency.

The rise to previous levels

According to data that has been collected from, the total confirmed transactions in Bitcoin per day had reached a tally of 328,417 on the 5th of February which is the first instance that it has achieved such a level since the beginning of the year.

At the peak of its value in the end of 2017, one Bitcoin was estimated to be valued at 20,000 dollars; however that valuation has dropped down to around 3,462 dollars these days. Along with the price crash in 2018, there had also been a fall in Bitcoin’s usage levels; however, there has been a steady rise to the previous levels.

Usability and not speculation

The last time that there was a rise in the number of transactions, it was caused due to investor speculation. However, this time the rise is possibly due to how useful it has become. At the time when there was a significant jump in value in 2017, there was a limit of one megabyte block size which implied that there was a huge waiting period before transactions could be confirmed. On average this confirmation time was as high as 48 hours.

This has changed to an average of 15 minutes, even considering the rise in number of transactions. This has been possible due to the development in technology and this has helped make Bitcoin definitively more usable.

Developed technology and Bitcoin

SegWit was a policy change that had been agreed upon in 2017 that facilitates in rearranging transaction data to utilize the one megabyte limit in a more effective manner. Another technology that has been creating some news is Lightning Network which handles transactions in a manner that is away from the blockchain, securing them in a channel of payment until it is finalized and the final results get written in the blockchain as one.

The usage of Lightning Network would ensure that the speed is increased from the previous speed of 7 transactions in one second. For the purposes of comparison, Visa can tally in 2,000 transactions in one second globally, but the developers of Lightning Network have raised claims that it can handle transactions in the billions in one second.

January 2, 2021 Update: We have just announced our BEST STOCK NEWSLETTER of 2020 AWARD!

CLICK HERE to find out which stock newsletter was up 78% in 2020 (and whose 2019 picks are now up 113%).

*** Our Award for BEST STOCK NEWSLETTER of 2020 ALERT ***

Updated January 2, 2021

At WallStreetSurvivor, we subscribe to dozens stock recommendation and advisory newsletters. There is ONE newsletter that is constantly outperforming all of the others--The Motley Fool Stock Advisor.

Five of their 2020 stock picks have doubled and the average return of all 24 of their stock picks for 2020 is up 78%!

We have been tracking ALL of the Motley Fool stock picks since January 2016. That's 5 years and 120 stock picks. As of Friday, January 1, 2021 the Motley Fool's January stock pick (TSLA) is up 720%, their March pick (ZM) is up 172%, their April pick of SHOP is up 226% and their June pick CRWD is up 120%; and another two have more than doubled. In addition, 10 of their 2019, 12 of their 2018, 11 of their 2017, 15 of their 2016. Most impressively, over the last 5 years that we have been tracking every recommendation, their average stock pick is up 209%--tht means over the last 5 years their stock picks, on average, have TRIPLED!

Now no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super-profitable. The important thing about the Fool stock picks is you have to buy them the day they are recommended because they usually pop 5-10% in the first 72 hours after the release their recommendation. You sure don’t want to risk missing out on their next pick.

Normally the Fool service is priced at $199 per year but they are currently offering a NEW SUBSCRIBER DISCOUNT that allows you to get theiir next 24 stock picks for just $99/year. HERE is the LINK to visit their New Subscriber Discount page.

CLICK HERE to get access to all The Motley Fool’s Stock Picks and their next 12 months of picks for just $99 per Year! 



Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW (before it’s too late)

Leave a Reply

Your email address will not be published. Required fields are marked *