OPEN-SOURCE SCRIPT
Bitcoin Price to Volume per $1 Fee
Diupdate
Transaction value to transaction fee:
The Bitcoin network's efficiency, usability and volume scalability has been improving over time and this can be measured by dividing the average transaction volume by the transaction fee.
The indicator give us:
Price to volume per $1 fee = BTC price / (avg tx value / avg tx fee)
A low ratio of "Price to volume per $1 fee" indicates that the Bitcoin network is being used for high volumes in comparison to the Bitcoin price, which means that the network is cost-effective compared to the price. On the other hand, a high "Price to volume per $1 fee" suggests that the average transaction size is smaller than the price of Bitcoin, which means that the network is less cost-effective compared to the Bitcoin price.
Note that the dynamics of transaction fees may change over time as new use cases emerge in the Bitcoin chain. These use cases include L2s such as Stacks, where DeFi applications can run, and Bitcoin Ordinals.
It's worth mentioning that Bitcoin is not only a cost-effective way of transferring value, but also highly energy efficient. Despite receiving criticism for its energy consumption, when we compare its energy usage to other industries (such as banking and gold) and correlate it with the transaction volumes, we can easily conclude that Bitcoin's energy efficiency is remarkable when compared to other methods of transferring value.
The Bitcoin network's efficiency, usability and volume scalability has been improving over time and this can be measured by dividing the average transaction volume by the transaction fee.
The indicator give us:
Price to volume per $1 fee = BTC price / (avg tx value / avg tx fee)
A low ratio of "Price to volume per $1 fee" indicates that the Bitcoin network is being used for high volumes in comparison to the Bitcoin price, which means that the network is cost-effective compared to the price. On the other hand, a high "Price to volume per $1 fee" suggests that the average transaction size is smaller than the price of Bitcoin, which means that the network is less cost-effective compared to the Bitcoin price.
Note that the dynamics of transaction fees may change over time as new use cases emerge in the Bitcoin chain. These use cases include L2s such as Stacks, where DeFi applications can run, and Bitcoin Ordinals.
It's worth mentioning that Bitcoin is not only a cost-effective way of transferring value, but also highly energy efficient. Despite receiving criticism for its energy consumption, when we compare its energy usage to other industries (such as banking and gold) and correlate it with the transaction volumes, we can easily conclude that Bitcoin's energy efficiency is remarkable when compared to other methods of transferring value.
Catatan Rilis
Updated from v4 to v5Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.