Daily BTC transactions number record broken

[bitcoincasino.info]

Just several days ago, the average daily number of BTC transactions rose beyond the psychologial theshold of 100,000, but there is still no good reason to rejoice.

- Read full article HERE

[kolloh]

Wow definitely a lot of transactions happening but we still have a ways to go to compete with the other payment processors.

[Lauda]

Even though this is a neat feat, this is like the 3rd thread about it.

[bitcoinmining]

Early to talk about that, we'll see the real numbers in 4-5 years...

[tins]

All due to the cyber deals for Black Friday weekend and Cyber Monday.
I'd imagine with all the new companies adopting BTC, we'll see twice that number in 2015.

[moriartybitcoin]

transactions aren't the issue .. what we need to see is increase in the number of users

[Q7]

I hope that translate to higher number of people using bitcoin rather than the current pool of users moving the coins around. Could also be something that relates to higher buy and sell order transactions placed on the coin exchangers. Anyway when I check the price, it seems that there is an uptrend going on so probably it could point to some positive event happening.

[Oscilson]

I hope that translate to higher number of people using bitcoin rather than the current pool of users moving the coins around. Could also be something that relates to higher buy and sell order transactions placed on the coin exchangers. Anyway when I check the price, it seems that there is an uptrend going on so probably it could point to some positive event happening.

Using BTC is more important than just moving it around.

[CrackedLogic]

I expected this to be our average transactions a day.

[twister]

May be it was due to companies like Laxo trade and others started sending dust again b367a0916294963b3515969bb713a398bc5775d1d58e8decd0c6111ca2221035
895491c0fbac29254e1544c10c1c96d715ef4e2224d4cb775a6809ca2cb6a1c4

[LiteCoinGuy]

https://bitcointalk.org/index.php?topic=882953.0

[bornil267645]

Is this a result of expecting the price to go up? Or people are just using Bitcoin more.

[Connor936]

increased merchants, increased adoption. this is why the number of transactions are going up. In 2015 the record will be smashed into pieces again. mark my words!

[caga]

Is this a result of expecting the price to go up? Or people are just using Bitcoin more.

Could be because of what Connor said, or it could be just a test by someone, who might be doing lots of dust value transactions.
Either way, I don't see it to be in direct relation to the price of BTC.

[Daniel91]

increased merchants, increased adoption. this is why the number of transactions are going up. In 2015 the record will be smashed into pieces again. mark my words!

I really hope you are right.
But, still no so many ''big'' merchants accept bitcoin, so still is long way ahead of us.
Hopefully, in 2015 we will see much more ''big'' players in bitcoin world

[wolfYella]

May be it was due to companies like Laxo trade and others started sending dust again b367a0916294963b3515969bb713a398bc5775d1d58e8decd0c6111ca2221035
895491c0fbac29254e1544c10c1c96d715ef4e2224d4cb775a6809ca2cb6a1c4

I wouldn't be surprised if this at least had something to do with overall transaction levels being increased. We have seen a number of sites use blockchain spam as a way to advertise this year. A number of them have gotten a lot of attention on this forum

[gustav]

what if it's just a bot to fake volume and growth is really not happening?

[TrailingComet]

interesting article on this

http://www.coindesk.com/questions-linger-daily-bitcoin-transactions-pass-100000-milestone/

[Kprawn]

We start moaning about transaction volumes now too? Cmon guys and girls we should acknowledge the feat and then be positive about that.

People are so fixated about the low and less volatile price, they forget that transaction volume, shows increased use, and increased use is good.

I paid for something with bitcoin yesterday and the guy next to me got curios {He approached me, and started to ask questions.. I talked to him for a hour and helped him to replicate, what I did}

Things like this, increase use and increase transactions. 

[newIndia]

Just several days ago, the average daily number of BTC transactions rose beyond the psychologial theshold of 100,000, but there is still no good reason to rejoice.

- Read full article HERE

When u r talking bout transaction volume increase, u must consider that more businesses are now creating single address for single payment. This automation has significantly increased the transaction volume.