Is There a Reason Bitcoin Transaction Costs Plummet After Every 4 Years?

Data now shows that an upward and downward trend in transactions occurs every four years with the pattern starting in 2014

Bitcoin Transaction Cost Plummets After Every 4 Years, Is there A Reason?

“Bitcoin emerged in 2009, making it a total of 13 years of operations. In all these years, experts have identified interesting patterns from watching its movement closely. Observers suggest that two factors usually evoke these patterns on the network, market conditions and investor sentiment. A change in either of these factors causes many events to unfold in the ecosystem.

The recent observation by these experts points towards a transaction cost reduction every four years. For example, the cost for one Bitcoin transaction was reduced to $56.846 on Thursday, July 14. This reduction indicates a four-year cycle of cost reduction on the network.

Initially, the cost of BTC transactions was usually unpredictable because it is derived using the number of transactions to divide the miner’s revenue. But now, the recent data seem to have proven a more satisfying pattern for crypto enthusiasts.”


Master Asked on July 19, 2022 in Bitcoin.
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