Topic: 200,000,000 USD is being transfered daily using bitcoin! (Read 2080 times)
it really is a huge number, blockchain is under great pressure from it, it's hard to be able to handle all of them quickly, so it was an error, every transaction is delayed and difficult to solve true genius. especially when Bitcoin higher prices, this makes about expenditure incurred by each of the smaller, and the small transaction fee, the transaction once again slowed down, this is so bad, but we One can not blame them, we are not rich, and we can not pay high fees for small transactions, so solutions need to have is the head blockchain
Op in your calculation did you including Personal transfer or company transfer they make from one Of their wallet to another wallet. To me this a very small unit control on united states of America Economic as the daily dollars trading in forex run in trillions dollars.
it is not my calculations, i even included the link. it is one of the blockchain.info's charts and it is showing all the bitcoin that is being sent from one address to another. and you can never tell if address 1 and 2 are personal, a big service, or just one whale playing around because of how bitcoin anonymity is.
and i don't get which part of this topic makes people think of "trading volume"! it is really weird!
A good measure of the utility of a payment system is the amount of fees people are willing to pay to use it. Currently, people are paying $250,000 per day. I wonder how that compares to other payment systems.
May not be strictly true. If the block size increases, the utility of the Bitcoin system will increase. But I suspect the overall transaction fees people pay to miners will come down.
The fee will go down if the block size is increased. But that will attract more users.
Op in your calculation did you including Personal transfer or company transfer they make from one Of their wallet to another wallet. To me this a very small unit control on united states of America Economic as the daily dollars trading in forex run in trillions dollars.
and you forgot trading with zero fees, so selling in one second 100 bitcoin to buy it again couple seconds later.
Bots moving so fast coins that it building momentum in such graphs.
Stop posting nonsense (I've seen you do this multiple times). On-exchange trading volume has zero impact on this graph.Bots moving so fast coins that it building momentum in such graphs.
That about 35 to 40 Bitcoin , which is not a large number i guess. i think more bitcoin is transacted daily and your assumption or fact is wrong i guess because a single user will transact 20 -30 bitcoin daily so 40 btc world wide is such a small number.
Another Yobit shit poster. Learn some primary school math first. "35-40 BTC x ~x1280$ = $200 Million". 
that is the huge amount. I can not believe that there are many people using Bitcoin as the moment.
This number says nothing about the number of people using Bitcoin. In theory a single person could be behind all of those transactions.Oh dear. If we do not activate the segwit, how can miners supply and transfer those transactions?
They can't.Well this actually explains most of it why there's alot of money transacted everyday. For example, i have a million dollars worth of bitcoin which can attract a lot of hackers so thats why i must changed my storage once or twice a week just to secure my money. And since im talking about million dollars i must spread in more 1-10 addresses or maybe more. And since there are alot of millionaires on Bitcoin then this kind of things may explains the reason why lots of millions dollars worth of bitcoin are transacted everyday.
This is one of the worst ways of handling your Bitcoin wealth. Spreading it among addresses does nothing[1]. Spreading it among several wallets using the same network/systems does nothing[1]. Moving it into a new wallet every week or two does nothing to improve your security. In fact, constantly doing this increases the likelihood of a fatal mistake occurring and you losing everything.[1] - Security wise only. You can debate privacy concerns, but that is not the point that I tried to address.
You should probably add a disclaimer somewhere in OP. In no way does this represent actual people moving money for actual services, goods and whatever. It includes everything, including:
1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
Well this actually explains most of it why there's alot of money transacted everyday. For example, i have a million dollars worth of bitcoin which can attract a lot of hackers so thats why i must changed my storage once or twice a week just to secure my money. And since im talking about million dollars i must spread in more 1-10 addresses or maybe more. And since there are alot of millionaires on Bitcoin then this kind of things may explains the reason why lots of millions dollars worth of bitcoin are transacted everyday.1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
that is completely wrong!
you can take a look at satoshi addresses, those coins have never moved for more than 8 years and they are secure, as safe as bitcoin gets. so it doesn't make sense at all to say "i have to move it to stay safe"!
and actually by moving it you can put yourself in danger.
imagine having your fund in paper wallet, you will have to make it every time you move funds. and one small mistake is enough to lose all of it.
Could be. But its bitcoin to bitcoin so it can happen.
Faucets pay to people who does the clicking and answering the captcha. There are some who pays directly.
Gambling site withdrawals and deposits.
Wallet to wallet transactions.
Scams in social medias.
Investment jokes and those spammers. Ergh!
Faucets pay to people who does the clicking and answering the captcha. There are some who pays directly.
Gambling site withdrawals and deposits.
Wallet to wallet transactions.
Scams in social medias.
Investment jokes and those spammers. Ergh!
You should probably add a disclaimer somewhere in OP. In no way does this represent actual people moving money for actual services, goods and whatever. It includes everything, including:
1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
Well this actually explains most of it why there's alot of money transacted everyday. For example, i have a million dollars worth of bitcoin which can attract a lot of hackers so thats why i must changed my storage once or twice a week just to secure my money. And since im talking about million dollars i must spread in more 1-10 addresses or maybe more. And since there are alot of millionaires on Bitcoin then this kind of things may explains the reason why lots of millions dollars worth of bitcoin are transacted everyday. 1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
200 Million is really huge and this means one thing for us bitcoin holders. we're getting richer everyday if anyone isn't happy about that, i don't know what will make you happy because more money means more pussies. very slow confirmation these days though.
that's right mate, with what we see we are continuously benefiting from this investment if we can still holding it for some time, bitcoin really attracting more and more business and big people's attention good to know that even there's some concern regarding to its transaction its still being use for more transactions. 
that is the huge amount. I can not believe that there are many people using Bitcoin as the moment. If the value keeps going like that, blockchain may get stuck. Oh dear. If we do not activate the segwit, how can miners supply and transfer those transactions? Anyhow, on the other hand, it is the great news to know that Bitcoin is being used by a lot of people on this planet
Well that's a very good news. This shows us how bitcoin is growing over the years.
And also I got to hear that if ETF approves bitcoin it would reach around 2300 USD.
But on the other hand if it doesn't approve it will drop to 800 or something.
And also I got to hear that if ETF approves bitcoin it would reach around 2300 USD.
But on the other hand if it doesn't approve it will drop to 800 or something.
a remarkable number, I'm happy with this news. with the increasing magnitude of the bitcoin transactions then make bitcoin as alternative payments and will becoming best. Hopefully many countries who care and accept bitcoin.
When I compare my own Spend statistics from Electrum, an estimate is that my real tx value is less than 1% of gross tx value. The larger percentage shows up in tx as it's moving around the coins with change addresses or to other wallets.
I suppose there could be higher percentage users out there, as a 1% daily real spend total for the network stands at USD2m, and that does sound a bit small (?).
I suppose there could be higher percentage users out there, as a 1% daily real spend total for the network stands at USD2m, and that does sound a bit small (?).
It is really an achievement for the bitcoin community.
For a currency bitcoin was not even 1$ when it first came to the market 8 years ago.
200 million dollars a daily .
It's really like reaching a bench mark.
This shows how bitcoin has been accepted among people.
Many multinationals like Apple, Mercedes Benz, Microsoft etc have already stated accepting it.
Waiting for the day when more than 90 % of trading is done via bitcoins.
This is just the start , bitcoin has a lot to achieve.
For a currency bitcoin was not even 1$ when it first came to the market 8 years ago.
200 million dollars a daily .
It's really like reaching a bench mark.
This shows how bitcoin has been accepted among people.
Many multinationals like Apple, Mercedes Benz, Microsoft etc have already stated accepting it.
Waiting for the day when more than 90 % of trading is done via bitcoins.
This is just the start , bitcoin has a lot to achieve.
200 Million is really huge and this means one thing for us bitcoin holders. we're getting richer everyday if anyone isn't happy about that, i don't know what will make you happy because more money means more pussies. very slow confirmation these days though.
Yeah right, it could even beat the transactions in the small country of Africa. I'm sure every day use of the bitcoin will continue to increase so that makes us optimistic with the future of the bitcoin.
You should probably add a disclaimer somewhere in OP. In no way does this represent actual people moving money for actual services, goods and whatever. It includes everything, including:
1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
and you forgot trading with zero fees, so selling in one second 100 bitcoin to buy it again couple seconds later. 1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
Bots moving so fast coins that it building momentum in such graphs.
and you forgot to read the topic first and take a look at the chart!
this chart is representing the "transaction volume" not the "trading volume" what you are saying about the zero fees is about "trading" and has nothing to do with this since that is done off-chain inside an exchange website.
That about 35 to 40 Bitcoin , which is not a large number i guess. i think more bitcoin is transacted daily and your assumption or fact is wrong i guess because a single user will transact 20 -30 bitcoin daily so 40 btc world wide is such a small number.
You should probably add a disclaimer somewhere in OP. In no way does this represent actual people moving money for actual services, goods and whatever. It includes everything, including:
1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
and you forgot trading with zero fees, so selling in one second 100 bitcoin to buy it again couple seconds later. 1) People moving money to their own (other) addresses/wallets.
2) Exchanges and other services moving their money.
3) Moving Bitcoin into cold-storage (can fall under both point 1 or 2).
Bots moving so fast coins that it building momentum in such graphs.
I thought as much because the amount looks too huge but if it is indeed credible then Bitcoin is really going places and I have no doubt the rate at which it is rising in price might propel a lot of us into riches.
Shitpost #1.Wow that is huge amount of bitcoins and money that are being transferred everyday and that is living proof that the bitcoin is getting much bigger and stronger day by day.
Shitpost #2.This is one of the factors that cause the price of the bitcoin continues to skyrocket, I bet the price of the bitcoin can reach $2.000 so that I hold all bitcoin which I have.
Shitpost #3.-snip-
If Swift and chips that handles bigger amount of transaction every year, bitcoin could exceed those numbers in the future, maybe around 20-40 years later. I mean we can compare the value of bitcoin has been spread = for 44 years equal to the current age of Swift or anything else.
Bitcoin should not, and will not compete with the likes of Swift. People are truly delusional around here and have no idea what they're talking about. Bitcoin can not compete on-chain with a centralized payment system. That is just not possible.If Swift and chips that handles bigger amount of transaction every year, bitcoin could exceed those numbers in the future, maybe around 20-40 years later. I mean we can compare the value of bitcoin has been spread = for 44 years equal to the current age of Swift or anything else.
200 Million is really huge and this means one thing for us bitcoin holders. we're getting richer everyday if anyone isn't happy about that, i don't know what will make you happy because more money means more pussies. very slow confirmation these days though.
It means almost nothing. Shitpost #4.Doing a comparison with other systems would be fair, if we had the statistics of these systems at the same stage where Bitcoin is now. < Did they process the same amount or less than Bitcoin at the time
N0. Bitcoin should not be compared with other payment systems. I don't understand how people don't see the false comparison. Bitcoin is primarily a currency and a platform. Swift, Visa or whatever are not currencies. why so many people are so negative around here! try to see the full half of the glass. we have come a long way. this amount is a big achievement in my opinion after this time and with the limitations that bitcoin has.
Oh well, let us look at the brighter side
It only tells us one thing: That bitcoin is becoming popular and more people are joining and investing in this currency. $200M is not a joke even half only of that amount. It means also that many people are transaction / transferring bitcoin or using it as an option or alternative to fiat.
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