Topic: Daily BTC transactions number record broken (Read 2123 times)
One person can make tens of transactions a day when he is shifting his coins around. This is what I think is happeng, with this new altcoin everyone is crazed about.
bitcoin use is higher and higher and price keeps coming down, I don't know why
manipulation?
manipulation?
The key variable is velocity of money.
Use may be increasing but it could be the same coins circulating.
The tx figure is inflated by all sorts of non commercial txs, isnt it?
Not sure how representative it is
Not sure how representative it is
That's a good thing more people in bitcoin ecosystem now i bet a large portion of them are on on-chain casinos/gambling sites
but that's not a bad thing at all despite the prices these days.
but that's not a bad thing at all despite the prices these days.
bitcoin use is higher and higher and price keeps coming down, I don't know why
manipulation?
manipulation?
I bet most of the transactions are from gambling 
The second coming from goods/digital goods transaction
And the third come from exchange site
I agree that gambling sites probably do make up a large amount of the blockchain transactions. At one point satoshi dice activity made up a significant percentage of transactions (although it has declined somewhat as of recently). The second coming from goods/digital goods transaction
And the third come from exchange site
I would say that exchange activity probably would be second in my mind as I would think people would be constantly depositing and withdrawing when they are day trading, trying to perform arbitrage, or just buying to hodl. Plus when you deposit bitcoin on an exchange, the funds will almost always immediately move internally
this is a very good thing. Looks like bitcoin is growing despite the price not.
Take away the artificial GoxBot, price has gone up quite a bit (...significantly higher than my money market account).
I bet most of the transactions are from gambling
The second coming from goods/digital goods transaction
And the third come from exchange site
The second coming from goods/digital goods transaction
And the third come from exchange site
Gambling is a vice which will be prevalent, bitcoin or not.
Bitcoin grabbing a share of the gambling market is not a bad thing at all.
I bet most of the transactions are from gambling
The second coming from goods/digital goods transaction
And the third come from exchange site
Yes, Gambling is probably the most. Even when you go to blockchain, and see the transactions happening, you will see a wide number of gambling site transactions. The second coming from goods/digital goods transaction
And the third come from exchange site
This is a good thing! I wonder how many people are using Bitcoin now. I doubt a large percentage do transactions daily in btc, and if only a certain percentage of Bitcoin users made the 100k transactions, we have an indication how much it has been adopted.
this is a very good thing. Looks like bitcoin is growing despite the price not.
I guess the price will follow with a lag.
Increased number of transactions is definitely something to cheer!
this is a very good thing. Looks like bitcoin is growing despite the price not.
Just several days ago, the average daily number of BTC transactions rose beyond the psychologial theshold of 100,000, but there is still no good reason to rejoice.
- Read full article HERE
When u r talking bout transaction volume increase, u must consider that more businesses are now creating single address for single payment. This automation has significantly increased the transaction volume.
We start moaning about transaction volumes now too? Cmon guys and girls we should acknowledge the feat and then be positive about that.
People are so fixated about the low and less volatile price, they forget that transaction volume, shows increased use, and increased use is good.
I paid for something with bitcoin yesterday and the guy next to me got curios {He approached me, and started to ask questions.. I talked to him for a hour and helped him to replicate, what I did}
Things like this, increase use and increase transactions.
People are so fixated about the low and less volatile price, they forget that transaction volume, shows increased use, and increased use is good.
I paid for something with bitcoin yesterday and the guy next to me got curios {He approached me, and started to ask questions.. I talked to him for a hour and helped him to replicate, what I did}
Things like this, increase use and increase transactions.
interesting article on this
http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/
http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/
what if it's just a bot to fake volume and growth is really not happening?
May be it was due to companies like Laxo trade and others started sending dust again b367a0916294963b3515969bb713a398bc5775d1d58e8decd0c6111ca2221035
895491c0fbac29254e1544c10c1c96d715ef4e2224d4cb775a6809ca2cb6a1c4
I wouldn't be surprised if this at least had something to do with overall transaction levels being increased. We have seen a number of sites use blockchain spam as a way to advertise this year. A number of them have gotten a lot of attention on this forum 895491c0fbac29254e1544c10c1c96d715ef4e2224d4cb775a6809ca2cb6a1c4
increased merchants, increased adoption. this is why the number of transactions are going up. In 2015 the record will be smashed into pieces again. mark my words!
I really hope you are right.
But, still no so many ''big'' merchants accept bitcoin, so still is long way ahead of us.
Hopefully, in 2015 we will see much more ''big'' players in bitcoin world
Is this a result of expecting the price to go up? Or people are just using Bitcoin more.
Could be because of what Connor said, or it could be just a test by someone, who might be doing lots of dust value transactions.Either way, I don't see it to be in direct relation to the price of BTC.
increased merchants, increased adoption. this is why the number of transactions are going up. In 2015 the record will be smashed into pieces again. mark my words!
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