number of transactions per day higher than ever

[justadude]

Price has to be stable for a long time for bitcoin to regain trust and people don't sell them immediately when they get it. I hope it will hold for around $200 for at least six months. Less speculation the better for healthy growth in value.

[oblivi]

It's not until the number of transactions goes way beyond 1MB that we will say "oh fuck, we should have forked long ago".

[ajareselde]

ever since January, where we hit a low, the transactions per day have never been as high as they are now.

the number of unique addresses used is ~30% up from december 2013

miners are struggling making a profit with these prices (so difficulty is lagging behind)

why is the price lagging behind so much?

it has every reason to rise, and yet is doesn't.

It is hard for investors to fund their accounts for bitcoin trading due to banks that are terminating them for being bitcoin related,
and the number of transactions was never directly linked to bitcoin price.

Take a look at http://www.alexa.com/siteinfo/bitcoin.org , it will show you decline of interest of new people in bitcoin.

cheers

[zimmah]

True, but more transactions mean more people use Bitcoin.

More uses could mean more users (more wallets too) more users means less Bitcoin to go around and more money in the system which could lead to a higher price.


If the amount of transactions keep rising the price will follow eventually, because people would at some point run out of Bitcoin to spent otherwise.

Alexa does show a lot though, the bounce rate is extremely high. (Could be a sign of a poor website that doesn't keep interest).

A lot of men compared to women. Which means we should get more women interested in Bitcoin. (Which I know is hard but not impossible). But women have a large control over the finance in many relationships. This should not be underestimated.

I'm surprised by the low education of the visitors though, I would expect more highly educated people. The first time I ever heard about Bitcoin was at my university in fact. And outside of that I never heard of it except a few minor mentions in newspapers around 2013.

[BitmoreCoin]

Some times, the price follows volume. Number of transactions is an indication of volume.

[gbianchi]

This chart shows the growth of the addresses and transactions.
As we see, the growth of the addresses is quite stable,
the transaction is a bit more sluggish,
but has always remained around 30% throughout 2014.

Remember that the y-axis scale is logarithmic !




In this chart I overlay addresses and transactions with prices and some quadratic regressions

quadratic regression of 2014 has strong negative slope .... against the trend
to all other phenomena that are growing significantly

[aantonopoulis]

interesting plots thanks.

However I would recommend you pay more attention to TX per unit time than cumulative TX over all time.