Bitcoin is switching from investment commodity to everyday use[INFOGRAPHIC]

[ChrisPop]

"Our Bitcoin infographic is finally out, feel free to share.
Bitcoin is fast at switching from "an investment commodity to everyday use" and we believe we collected enough data points to prove it. Next, we at Coupofy are working on what we are hoping to become the largest database of Bitcoin accepting merchants offering discounts online.
Big shoutout to the guys at BitPay for providing us with their latest data on Bitcoin usage. Stay in touch for more!"


via Coupofy

[randy8777]

the more people use bitcoin to pay for things, the more merchants will be willing to accept bitcoin as form of payment. i am very curious how this data will be affected once amazon accept bitcoin payments. volume will increase massively.

[Lauda]

This is a really good infographic. I'm not going to look into the details of it and check the information, I'd rather enjoy it. We definitely need more of these instead of the everyday FUD that some people are trying to spread. It's nice to see that Bitcoin is slowly moving towards its goal.

I'm amazed at the ~$8M fees that would have been paid if credit cards were used. I think it would be useful if someone calculated an estimate of how much way paid in fees using Bitcoin. I guess some people don't see the huge difference between those numbers.

[yayayo]

Bitcoin switching from investment commodity to everyday use suggests that Bitcoin is less used as an investment commodity. I seriously doubt that. Bitcoin being an investment commodity is essential for its success imho.

The current worldwide situation with governments in debt and collapsing fiat currencies will reinforce the use of Bitcoin as a store of value. So Bitcoin will grow in both areas: investment and commerce.

ya.ya.yo!

[Amph]

i like how we are top 10 in the daily TX volume, i think we can aim for top 5 within the next year, it's not a big obstacle

if we can get in that position, jumping from there to other high positions should not be a problem, if people take confidence with bitcoin how it should be, the game will be done, bitcoin will be victorious

[Lauda]

i like ho we are top 10 in the daily TX volume, i think we can aim for top 5 within the next year, it's not a big obstacle

if we can get in that position, jumping from there to other high positions should not be a problem, if people take confidence with bitcoin how it should be, the game will be done, bitcoin will be victorious

If you look at these numbers one can easily understand how far Bitcoin has come. This should prove anyone saying otherwise wrong. I think that Bitcoin could be ranked 5th in 2016. However, we shouldn't just be looking out for goals. We need to work harder than ever to get people into Bitcoin.
I wonder how many governments have to place capital controls before people realize how corrupt the system is and that they do not own money stored in banks?

It would be nice to see a comparison of 2014 and 2015 (after the year ends). That should clearly represent the growth of Bitcoin (increase in investments, transactions, etc.).

[Hazir]

I wish we had data from first half of 2015 to compare. Because I have a feeling that some values for example Average order value could be lower due to bitcoin price being low.
Also we don't have any new major companies accepting bitcoin, everything is old news...

[Herbert2020]

we are getting closer and closer to the dream of the day that bitcoin becomes one of the currencies that everybody from anywhere in the world can use fast and secure to pay for services in any place that you can imagine.

[Slunt]

Bitcoin still has a long long way to go. I think it's going to remain a niche thing until the price either steadies or keeps going up as more and more people join in (and being deflationary if enough people did keep getting on board and the number of bitcoins decreases over time the price should theoretically keep going).

the more people use bitcoin to pay for things, the more merchants will be willing to accept bitcoin as form of payment. i am very curious how this data will be affected once amazon accept bitcoin payments. volume will increase massively.

But at the same time there's not enough people spending bitcoins or merchants to spend them at so progress is slow from both sides.

[rebuilder]

Proofreading still needed. "Transation catergories"?

[franckuestein]

Hi and thanks for the infographic @ChrisPop 
Venture Capital Investments were "important" during 2014-2015, as reflected in the infographic. Perhaps we'll see it first results in the near future.

Just one question, what's the source for the stats of the "Average daily transaction volume of selected payment networks (in Million U.S Dollars)" section?

[sandy47bt]

Glad to see more people & companies adopt bitcoin
Never thought bitcoin transaction volume is bigger than western union, we could see bitcoin transaction volume beat paypal next year.

I hope someone would make survey to see how many bitcoiner who use bitcoin as investment, commodity or currency
I doubt people really use bitcoin as commodity or currency since many people in my country still think bitcoin as investment or commodity

[amiryaqot]

that is fantastic infographic about the great future of Bitcoin now it is on solid way of progress and with natural growth which is increasing day by day. after this comparison chart which is showing clear sign of where Bitcoin is going into the near future and will be going to become the next generation currency with it's innovation.

[ikydesu]

Really nice the graphic design. This is old but gold for introducing and proving bitcoin is the future of money to layman. Although the transactions volume is not really big, but bitcoin beat WU.
I think this year and the next years bitcoin will be more "everyday use", since Greece news.

[boopy265420]

I will do agree with this informational report now that Bitcoin will be everyday usable from now onward and its value will not increase much anymore. I meant to say 300$ will be very attractive and best high prices in present era.2013-2014 was golden time for investment who took risk then made some huge profit.Bitcoin is well distributed now and begins to be accepted by various international firms which will try to stable the price of Bitcoin.

[pliv84]

Great content!

[PolarPoint]

This is premature talk. We can use bitcoin to buy more things, but still hardly everyday use. I do not expect supermarkets to accept bitcoin soon, I will settle with most online shopping websites taking it. We are just not there yet.

I am excited about some of the statistics. Growth in Brazil is a staggering 400%! Bitcoin transaction volume surpassed Western Union and is 75% that of Paypal. That is good news.

[Jeremycoin]

When the first time I know Bitcoin (By watching the "What is Bitcoin?" video), it tells me that "Bitcoin is a digital currency, you can buy books, video games, gift, bla, bla, bla.
So it's all make sense if Bitcoin being everyday use for people

[MicroGuy]

If this infographic was accurate, pharmaceuticals would be in the Top 10 List. And if bitcoin ever switches away from being an investment commodity, the party's over.

The real focus needs to be on wage integration, that's the holy grail. Otherwise, Bitcoin is destined to remain a fringe token payment system. Consumers will never voluntarily add an extra step (buying BTC) to their payment flow, unless they need to in order to buy something they couldn't ordinarily buy.

[Jeremycoin]

Top 10 Most Often Bought Items, I don't see any gift card here
Well, my country in the top 3 emerging countries