[2016-11-05]Total Bitcoin Transaction Volume Surpassed US$100bn in September

[WishICanTurnBackTime]

Total Bitcoin Transaction Volume Surpassed US$100bn in September

People seem to collect all kinds of statistics related to the Bitcoin protocol. Interestingly enough, one of the currency’s largest milestones was overlooked by just about everyone. On September 2nd, 2016, the Bitcoin blockchain surpassed the S$100bn mark in Bitcoin volume transferred since its inception. Quite an achievement for this “niche market,” and hopefully, a sign of better things to come.
Statistics like these always have to be taken with a slight grain of salt, though. Granted, the Bitcoin protocol did indeed surpass US$100bn in transaction volume. However, a fair amount of those transfers come from change addresses, which somehow skews the numbers a bit. Then again, it is still a magnificent feat for a currency very few people give a chance at success.

http://www.newsbtc.com/2016/11/05/total-bitcoin-transaction-volume-surpassed-us100bn-september/

[Daisy14]

There has been reports of fake trade volume from Chinese exchanges, I think $100bn might not be accurate

[aso118]

Total Bitcoin Transaction Volume Surpassed US$100bn in September

People seem to collect all kinds of statistics related to the Bitcoin protocol. Interestingly enough, one of the currency’s largest milestones was overlooked by just about everyone. On September 2nd, 2016, the Bitcoin blockchain surpassed the S$100bn mark in Bitcoin volume transferred since its inception. Quite an achievement for this “niche market,” and hopefully, a sign of better things to come.
Statistics like these always have to be taken with a slight grain of salt, though. Granted, the Bitcoin protocol did indeed surpass US$100bn in transaction volume. However, a fair amount of those transfers come from change addresses, which somehow skews the numbers a bit. Then again, it is still a magnificent feat for a currency very few people give a chance at success.

http://www.newsbtc.com/2016/11/05/total-bitcoin-transaction-volume-surpassed-us100bn-september/

It is really difficult to pinpoint the actual money transfered - because of change addresses, people transferring money to their own wallets, etc. But then again, there is no denying the fact that transaction volumes have increased.

[cryptonfly]

It is good news. Was it financial transactions only? Or maybe some real market starts to use bitcoins...

[Gahs]

It will take a while for the trade volume from real markets to have a significant impact on the price of bitcoin.

[cr1776]

There has been reports of fake trade volume from Chinese exchanges, I think $100bn might not be accurate

The fake volume from Chinese exchanges is usually on that exchange, not on the block chain.