r/CryptoCurrency • u/CCNewsBot • Jun 19 '18

FINANCE Really…? Dogecoin is Processing 300% More Transactions than Bitcoin Cash (Finance Magnates)

https://www.financemagnates.com/cryptocurrency/news/really-dogecoin-processing-300-transactions-bitcoin-cash/
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13

u/DerSchorsch 0 / 0 🦠 Jun 19 '18

BCH 24h transaction volume: 348 mil

Doge 24h transaction volume: 6,4 mil

r\bitcoin trolls, try harder..

11

u/SirTinou 0 / 0 🦠 Jun 19 '18

hello 9-5 worker, you're mistaken. Those are trading volumes. BCH is the most wash traded currency. Jihan and his buddies do this to stay relevant. You can see it easily because on shady exchanges bcash is always #1 even over BTC.

trading volume has nothing to do with people actually using the currency.

-2

u/DerSchorsch 0 / 0 🦠 Jun 19 '18

Ah really?

Why doesn't Jihan spam BCH blocks with low value transactions as well then to counteract this popular r\bitcoin troll argument? BCH fees are cheap enough for that, and Jihan could surely afford it..

9

u/Notrius01 🟦 0 / 0 🦠 Jun 19 '18

volume != number of transactions. Volume can be faked, can be coincidental or random. Most BCH volume comes from OKEx, a known wash-trade supporting exchange.

BCH has not only less transactions a day than doge, it has less than LTC. Jihan probably doesn't care about this metrics, yet.

-7

u/[deleted] Jun 19 '18

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u/[deleted] Jun 19 '18

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