Topic: Bitcoin Number of Transactions touching All Time High (Read 2851 times)
It really feels more and more like 2013 again!!! I also believe that the traffic of SatoshiDice-like sites went down, in favor of sites were you first deposit some BTC in order to bet. That way the amount of transactions will most likely have gone down!
Its all margin trading bots anyways. Transaction volume doesnt reflect the demand. Its all bot.
Yes, this is true, sadly.
USD value of transactions is pretty steady.
Its all margin trading bots anyways. Transaction volume doesn't reflect the demand. Its all bot.
Compare volume in US dollars, which is flat.There are more transactions, but the transaction size is dropping. This suggests 'bots busily making little trades.
how to beat a free, worldwide, instant, uncensored payment system? i give a shit on the price, look at the fundamentals 
It can only be positive, its show the credibility of this virtual money.
its good for bitcoin
it show that more users and merchants show their trust in cryptography
bitcoin is growing with stable growth, also its price are more stable now then past
it show that more users and merchants show their trust in cryptography
bitcoin is growing with stable growth, also its price are more stable now then past
As a broker, I can also fee the user base has increased by 4x comparing with last year
Its all margin trading bots anyways. Transaction volume doesnt reflect the demand. Its all bot.
This is great news. We see everything going smooth this year, except for the price. 
Price is good also. What would happen inf Bitcoins would be $10k? Everyoen woudl thought now will soon go to $1k and noone would ant to adopt them in their business, since today they will sell something for 1 BTC that will be half of worth next day.
Is it? I think price is still a little bit unstable right now.
They are also selling it for fiat too much that's why the price is going down.
This is great news. We see everything going smooth this year, except for the price.
Price is good also. What would happen inf Bitcoins would be $10k? Everyoen woudl thought now will soon go to $1k and noone would ant to adopt them in their business, since today they will sell something for 1 BTC that will be half of worth next day.
This is great news. We see everything going smooth this year, except for the price.
this is far more important than the price.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
Cant agree more.
Price does not reflect true health of Bitcoin, but number of transactions do.
Merchant adoption does, transaction numbers are easily inflated past averages. But total number of active and larger merchants accepting bitcoin as payment and reserve is an even better thing to look out for!
I would agree that merchant adoption will generally drive consumer adoption and will have a positive coloration
might be due to all altcoins and scamcoins 
it's a good sign but the price are still controlled by bitcoin exchanges and future exchanges like 796 
maybe a good time to buy cheap coins
maybe a good time to buy cheap coins
Yeah, bitcoin exchanges are getting richer.
it's a good sign but the price are still controlled by bitcoin exchanges and future exchanges like 796
maybe a good time to buy cheap coins
maybe a good time to buy cheap coins
this is far more important than the price.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
Cant agree more.
Price does not reflect true health of Bitcoin, but number of transactions do.
Merchant adoption does, transaction numbers are easily inflated past averages. But total number of active and larger merchants accepting bitcoin as payment and reserve is an even better thing to look out for!
you will see that the vast majority of the Top 100 addresses are gambling sites. If that ratio continued down for say, the TOP 1,000 or 10,000, it could bring you thinking that maybe there's a vast amount of low value gambling and a small number of very large whale/mining transactions, with a few pizzas and Overstock sheets in between.
That's irrelevant.
The point is that Bitcoin could technically perform the job of the UK CHAPS system, with 100% accuracy, reliability, timeliness and security. This is very significant, even if current transactions are not anywhere near the same economic value as CHAPS ones.
Hey, I was neither defending the CHAPS system which, like most fiat banking 'services' is expensive, unreliable and monopolistic nor was I doubting the integrity of the blockchain system, ignoring scalability issues.
Price does not reflect true health of Bitcoin, but number of transactions do.
The "true health" of Bitcoin is continually increasing adoption and use outside of Bitcoin itself, which you can't assume from a gross transactions chart.
this is far more important than the price.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
Cant agree more.
Price does not reflect true health of Bitcoin, but number of transactions do.
this is far more important than the price.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
any rich guy with 10 million USD could use them right now to send the price back to around 1000.
the only way the amount of transactions per day can rise is if people actually use bitcoin, that is much harder to achieve and its happening.
we are living in some very interesting times indeed.
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