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Author Topic: Bitcoin transactions are rising, but are people moving less BTC?  (Read 188 times)
notocactus
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Today at 04:54:56 PM
 #21

but seeing more of the increase in the number of users who are engaged in using Bitcoin for different purposes, why the indication of increasing rate in Bitcoin transaction is very important and more considerable on this regard.
You never can know how many people are using bitcoins, it's an impossible task because with Bitcoin blockchain, it's public and everyone can check blocks, addresses, transactions but they can not know who are owners of those Bitcoin addresses.

Professional on chain sites only can give you information like active Bitcoin addresses, but they can not show you the number of active Bitcoin users or total Bitcoin users.

https://www.lookintobitcoin.com/charts/bitcoin-active-addresses/

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Today at 08:55:25 PM
 #22

Do you think smaller Bitcoin transactions are a sign of broader everyday usage, or do transaction counts tell us too little about actual adoption?

Increase in number of TX, following a decline in active address and crash in median transaction value does not signify daily usage.

Rather it points to bulk exchange transaction, internal sweep or low value on chain activity, rather than arrival of new retail customer.

I have read that 21Shares data, where ETF have captured large portion of the new demand. And long term holder have sold off. As a result on chain transaction cost are being cut in half.

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