Bitcoin usage is flat

[statdude]

Whats with the spike in transactions? You'd think this would correlate to a possible price spike? Can anyone determine where it's coming from?

https://www.coinbase.com/charts

I've heard suggestions much of this volume is faked.

[BillyBobZorton]

Everything has his flat periods. Also you would need to take into account every single fiat ever, transactions in between cryptos are important too. Everything adds up. But in general, what matters is if the project is good, the adoption will come eventually. We are still on the primitive days of Bitcoin.

[n2004al]

Bitcoin estimated transaction volume,  USD

Bitcoin transaction volume in US dollars is surprisingly flat, and has been for the last year. Occasionally there's a day with a transaction volume spike, but that's frantic trading, not usage. While the number of Bitcoins involved in transactions is up, that's because the price of Bitcoins is going down.

We are in October now. So seven months after the open of this thread. The transaction volume has continue the trend mentioned bu the main post. In other words continue to be flat. But the price in those months was and is almost stable (with movements up and down but not only down as it must be following the logic of the OP). Is anybody able to explain this phenomenon?

[~Bitcoin~]

Yes price of bitcoin is almost stable these days as i am looking at the price daily for 2 months now. I know the floor price it hit was 226 but eventually within 2 days it get back again to 232 range. I think price will keep on swinging between 225 to 240 mark for few more months.

[TTMNewsMJ]

Why is this happening to bitcoin?

[bitmarket.net]

Yes price of bitcoin is almost stable these days as i am looking at the price daily for 2 months now. I know the floor price it hit was 226 but eventually within 2 days it get back again to 232 range. I think price will keep on swinging between 225 to 240 mark for few more months.

Don't you think that the relative stability of the price of bitcoin is actually good for the wider adoption ?

I think most of people would rather hold bitcoin if its price was steady, than if it was swinging up and down 30% each month or even each week.
Stability of price is likely to drive the usage of bitcoins for payments and remittances.

[HeroCat]

This is because the BTC users total quantity is more or less constant and BTC price is stable  If BTC price will start to change, market will either start to buy or sale, like with any currency, when it go up or down