Bitcoin Forum

the more people use bitcoin to pay for things, the more merchants will be willing to accept bitcoin as form of payment. i am very curious how this data will be affected once amazon accept bitcoin payments. volume will increase massively.

This is a really good infographic. I'm not going to look into the details of it and check the information, I'd rather enjoy it. We definitely need more of these instead of the everyday FUD that some people are trying to spread. It's nice to see that Bitcoin is slowly moving towards its goal.

I'm amazed at the ~$8M fees that would have been paid if credit cards were used. I think it would be useful if someone calculated an estimate of how much way paid in fees using Bitcoin. I guess some people don't see the huge difference between those numbers.

Bitcoin switching from investment commodity to everyday use suggests that Bitcoin is less used as an investment commodity. I seriously doubt that. Bitcoin being an investment commodity is essential for its success imho.

The current worldwide situation with governments in debt and collapsing fiat currencies will reinforce the use of Bitcoin as a store of value. So Bitcoin will grow in both areas: investment and commerce.

ya.ya.yo!

i like how we are top 10 in the daily TX volume, i think we can aim for top 5 within the next year, it's not a big obstacle

if we can get in that position, jumping from there to other high positions should not be a problem, if people take confidence with bitcoin how it should be, the game will be done, bitcoin will be victorious

If you look at these numbers one can easily understand how far Bitcoin has come. This should prove anyone saying otherwise wrong. I think that Bitcoin could be ranked 5th in 2016. However, we shouldn't just be looking out for goals. We need to work harder than ever to get people into Bitcoin.
I wonder how many governments have to place capital controls before people realize how corrupt the system is and that they do not own money stored in banks?

It would be nice to see a comparison of 2014 and 2015 (after the year ends). That should clearly represent the growth of Bitcoin (increase in investments, transactions, etc.).

I wish we had data from first half of 2015 to compare. Because I have a feeling that some values for example Average order value could be lower due to bitcoin price being low.
Also we don't have any new major companies accepting bitcoin, everything is old news...

we are getting closer and closer to the dream of the day that bitcoin becomes one of the currencies that everybody from anywhere in the world can use fast and secure to pay for services in any place that you can imagine.

Bitcoin still has a long long way to go. I think it's going to remain a niche thing until the price either steadies or keeps going up as more and more people join in (and being deflationary if enough people did keep getting on board and the number of bitcoins decreases over time the price should theoretically keep going).


But at the same time there's not enough people spending bitcoins or merchants to spend them at so progress is slow from both sides.

Proofreading still needed. "Transation catergories"?

Hi and thanks for the infographic @ChrisPop  :)
Venture Capital Investments were "important" during 2014-2015, as reflected in the infographic. Perhaps we'll see it first results in the near future.

Just one question, what's the source for the stats of the "Average daily transaction volume of selected payment networks (in Million U.S Dollars)" section?

that is fantastic infographic about the great future of Bitcoin now it is on solid way of progress and with natural growth which is increasing day by day. after this comparison chart which is showing clear sign of where Bitcoin is going into the near future and will be going to become the next generation currency with it's innovation.

Really nice the graphic design. This is old but gold for introducing and proving bitcoin is the future of money to layman. Although the transactions volume is not really big, but bitcoin beat WU.
I think this year and the next years bitcoin will be more "everyday use", since Greece news.

I will do agree with this informational report now that Bitcoin will be everyday usable from now onward and its value will not increase much anymore. I meant to say 300$ will be very attractive and best high prices in present era.2013-2014 was golden time for investment who took risk then made some huge profit.Bitcoin is well distributed now and begins to be accepted by various international firms which will try to stable the price of Bitcoin.

Great content!

This is premature talk. We can use bitcoin to buy more things, but still hardly everyday use. I do not expect supermarkets to accept bitcoin soon, I will settle with most online shopping websites taking it. We are just not there yet.

I am excited about some of the statistics. Growth in Brazil is a staggering 400%! Bitcoin transaction volume surpassed Western Union and is 75% that of Paypal. That is good news.

When the first time I know Bitcoin (By watching the "What is Bitcoin?" video), it tells me that "Bitcoin is a digital currency, you can buy books, video games, gift, bla, bla, bla.
So it's all make sense if Bitcoin being everyday use for people

If this infographic was accurate, pharmaceuticals would be in the Top 10 List. And if bitcoin ever switches away from being an investment commodity, the party's over.

The real focus needs to be on wage integration, that's the holy grail. Otherwise, Bitcoin is destined to remain a fringe token payment system. Consumers will never voluntarily add an extra step (buying BTC) to their payment flow, unless they need to in order to buy something they couldn't ordinarily buy.

Top 10 Most Often Bought Items, I don't see any gift card here ;D
Well, my country in the top 3 emerging countries :)

Wow! Love this infographic! Thanks for sharing. :)

Regards,
Me

The problem with this type of propaganda is that it's not real. It's nice and fluffy and it smells nice, but its basically BS. Can we all please just get real?

People aren't switching to anything. I live around a bunch of people, and believe me none of them are switching. I have three children in school, 2 teens in high school, and another in middle school, and they aren't switching, and their schoolmates aren't switching. It's time to wake up people. Quit cheerleading yourselves into some weird fantasy.

If I had a megaphone and was standing in front of a crowd of 20,000 screaming bitcoin fans, I know exactly what I would say. Wake the "F" up! Quit your jobs unless your employer will agree to pay you in Bitcoin. Grow some balls and walk the talk. That's what we need here. Open up your minds and let some truth set in. People don't take extra steps for no reason. I wont drive another block to buy the same biscuit and neither will regular people.

If you get paid in fiat, you spend fiat. You don't sell your fiat for BTC, then spend the BTC for the same items you could have already purchased with the fiat. Nobody is going do to that, not ever. But if every single person in this community were to demand their wages be paid in BTC or else they would quit, then the Bitcoin would rise up and make a difference in the World.

.. anyway, never mind. Best of luck, and may the force be with you!

i never take 'professional' opinions from people that think bitcoin is a commodity..

they lack even highschool economics knowledge of what a commodity is. so any research they do is limited.

but as for my personal experience.. i earn bitcoin and i spend bitcoin.. i cant remember the exact date i last touched a bank note but i think it was around 2012-2013

Pretty cool infographic. Interesting to see the stats, especially the average volume of the different payment processors.

where exactly?

Please stop with this or leave the forums. There is no need for being such an individual.

Exactly. We need more people like you. I've always been tell people that some are coming to Bitcoin for the wrong reasons. I've been avoiding banks, and using only when really necessary. I guess Bitcoin is just not there yet. Hopefully very soon, one might not need to use banks at all.

The year 2016 should provide interesting information that should be compared to this. It might be the tipping stone.

The data is coming from:

http://letstalkpayments.com/visa-mastercard-face-increasing-threat-local-networks-crypto-currencies/

I am happy to see all the response about the infographic guys!

Good question.I checked Bitpay's terms of use and found this...

So we don't know how many merchants use the "Free payment processing plan" or the "Business or Enterprise plans " and how much is the fee for the last two.
If we would just calculate with an average of 1% the total sum for fees would be $2,663,750. This is a very speculative calculation as I said I don't have any exact numbers. If anyone has please let us know.