Are you using less Bitcoin than you did last year?

[jeromanomic]

I just read through this post:
http://www.finance-guy.net/finblog/bitcoin-vol-up

if daily transactions are down 20%, then it makes sense that we are using Bitcoin less than we did 6 months ago. 

What do you guys think, is Bitcoin use falling?

If so, what can we do to help increase it?

[S4VV4S]

I just read through this post:
http://www.finance-guy.net/finblog/bitcoin-vol-up

if daily transactions are down 20%, then it makes sense that we are using Bitcoin less than we did 6 months ago. 

What do you guys think, is Bitcoin use falling?

If so, what can we do to help increase it?

I don't think Bitcoin use is falling.
More like people are hodling because the price is too low.
I think that is probably it.

[ragi]

I am using it more, but buying it is less.

[bornil267645]

Well if you look at the forum you will see an exponential growth in the sig campaign and people are earning more an more BTC everyday. So I don't think BTC is less popular. The thing is market i holding and so is the users.

[Kazimir]

I am using WAY MORE Bitcoin than last year. More places that accept bitcoins nowadays, and I always pay with Bitcoin wherever I can.

Like anyone who is pro Bitcoin should do.

[NeuroticFish]

I am using bitcoin much more than last year. And most people do the same. Just now a lot of people thinks that Bitcoin is realtively cheap to buy, it could get someday at 1000$ or (much) more, so you should also check the number of untouched wallets: I can bet that their number and the amounts they hold are steadily growing.

[PryptoMontreal]

6 months back, the price of bitcoins was close to double or even more of the price it is presently at. That's the reason why people are holding on their bitcoins and that maybe directly or indirectly affecting the number of transactions  
This is just what I assume, nothing else.

[desired_username]

I use it way less because I think it's highly undervalued. I only spend on low value items for the time being.

There were similar periods in the past.

Also, in my experience the plebs are wired backwards. If the price rises they want to buy it ASAP and when it's low they think that it's dying and afraid to buy.

[shulio]

I just read through this post:
http://www.finance-guy.net/finblog/bitcoin-vol-up

if daily transactions are down 20%, then it makes sense that we are using Bitcoin less than we did 6 months ago. 

What do you guys think, is Bitcoin use falling?

If so, what can we do to help increase it?

Most people keep his bitcoin in exchanger for trading purposes. That means there is no transaction because it is staying on one place. Also that compared to 6 months ago, the price for it is much more fluctuative this means that there is a high activity from trader to send his bitcoin to another exchanger for arbitrage and that increase the daily transaction as well

[Amph]

i'm using it more because i have more coins now than before, but the current price is telling me to not use it

and anyway this topic begs to differ https://bitcointalk.org/index.php?topic=1078996.msg11521831#msg11521831

we can't just condemn bitcoin relying on a single chart

the chart you posted just say that there is less trading, which is true you can tell it by how the price stays in that range since ages

[LFC_Bitcoin]

People are most likely HODLING at this point as the price is so low, if the price gets up around 300 USD in the not too distant future you'll see more action again.
The price has been dropping slowly for a long time so sensible people are unlikely to sell or spend now.
If you bought in at 400 USD why would you spend now?
You'll be getting half the goods/merchandise you would have got when you first bought in.
There will be a lot more action once we begin to rise again.

[franky1]

i love how people read articles but never check the source

transactions june 2014 = maximum 70k a day
transactions june 2015 = maximum 135k a day

so MORE transactions are happening compared to last year
https://blockchain.info/charts/n-transactions

[coinpr0n]

i'm using it more because i have more coins now than before, but the current price is telling me to not use it

and anyway this topic begs to differ https://bitcointalk.org/index.php?topic=1078996.msg11521831#msg11521831

we can't just condemn bitcoin relying on a single chart

the chart you posted just say that there is less trading, which is true you can tell it by how the price stays in that range since ages

Aha! ^ This! Yeah, I thought it was weird that transactions would be down 20%. That graph you posted makes more sense. I also agree that sideways movements are the least interesting times. Big moves (either way) are what get people trading.

[chek2fire]

I am using it more to buy thinks to donate and i buy more some of them in that prices. Bitcoin in some cases is a perfect tool if you want to buy something cheaper.

[shorena]

The average transaction volume per day is down more than 20% for 2015.

I wonder why there is no graphic for this.

-> https://blockchain.info/charts/n-transactions


Ohhhh because it reveals that the author is only spreading FUD.

[MicroGuy]

I just read through this post:
http://www.finance-guy.net/finblog/bitcoin-vol-up

if daily transactions are down 20%, then it makes sense that we are using Bitcoin less than we did 6 months ago. 

What do you guys think, is Bitcoin use falling?

If so, what can we do to help increase it?

The best thing that anyone can do for Bitcoin is to convince their employers to pay them with Bitcoin. If that doesn't work signup for Bitwage.

[Yeezus]

I think I'm using bitcoins less but on the flipside I've been earning more bitcoins so it balances out I reckon.

If so, what can we do to help increase it?

I think the answer to this is pretty obvious: use it more. Though according to this thread https://bitcointalk.org/index.php?topic=1078996.0 there is a record 152,800 Bitcoin transactions on May 28 following constant growth all year, so I think bitcoin is still growing just at a sklow rate that we're not really noticing.

[Kakmakr]

The transaction volume is higher than before, so I cannot see how this is even relevant. I am not spending more than last year, because the price is so low.
There should in theory be a steady increase in the transaction volumes as the merchants and vendors increase.
The latest testing of the blockchain could have a influence in the short term.

[Blazr]

Am I using Bitcoin LESS than I did last year?

LOL not at all, I am using banks less than I did last year.

Transaction volumes used to be really high a while back when on-chain gambling sites were popular. SatoshiDice accounted for over 70% of Bitcoin transactions on some days, this is because unlike a normal Bitcoin casino where there are only a few deposit and withdrawal transactions, every bet was a transaction. In short transaction volumes are a poor way of estimating Bitcoin usage, high transaction volumes mostly indicates high spam activity.

[Herbert2020]

i am using bitcoin more and more every day. but recently because of the state of bitcoin price i am just holding my bitcoins and try to accumulate more everyday.

the rest is going into trading which has nothing to do with transaction volume, because it is being done in an exchanger.