Chart of Daily Bitcoin Transactions

[Enjorlas]

What does the daily chart transactions of Bitcoins mean? Does it mean that more people are using it? Or does it mean that the same people are using it more per person? I ask because the price is very volotile, but the number of daily transactions is a very stable upward trend.

Here is the chart:
https://www.coinbase.com/charts

[shorena]

What does the daily chart transactions of Bitcoins mean? Does it mean that more people are using it? Or does it mean that the same people are using it more per person? I ask because the price is very volotile, but the number of daily transactions is a very stable upward trend.

Here is the chart:
https://www.coinbase.com/charts

Since its very difficult to link transactions to specific persons its hard to tell. My guess is that its both, there are more people using bitcoin more frequently.

[hua_hui]

What does the daily chart transactions of Bitcoins mean? Does it mean that more people are using it? Or does it mean that the same people are using it more per person? I ask because the price is very volotile, but the number of daily transactions is a very stable upward trend.

Here is the chart:
https://www.coinbase.com/charts

If you want to know these specific detail, more analysis needs to be carried out, like analyzing the used addresses for the transactions. But from the charts, we wouldn't know those info. I think the charts tell us the volume of transactions is stable and the user base is stable. IMO as the number of daily transactions increases, at some extent it means more ppl are adopting bitcoin, the price will be more stable in the future.