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You would wager wrong, depending on how you define "large." The total exchange volume of all exchanges is only about 93k BTC per day. http://bitcoinwatch.com/ h
by MacsHeadroom 14y ago
You would wager wrong, depending on how you define "large." The total exchange volume of all exchanges is only about 93k BTC per day. http://bitcoinwatch.com/ http://bitcoinwatch.com/
The daily transaction volume, with change transactions removed, averages around 400k BTC per day.
So speculator trade is less than 1/4 of all Bitcoin transactions.
Fun fact: SilkRoad is less than 3% of daily Bitcoin transaction volume
75% of trades are commercial in nature. There are thousands of vendors dealing in BTC- hundreds of which deal in it exclusively. Some are even among the most popular web sites in the world.
- Nursie 14y ago25% of the daily volume (100K out of 400K) is pretty huge if you ask me, yes. How much is money-laundering? How much is people just moving stuff around for the hell of it? Of what's left how much is online gambling (an economic activity but not necessarily a 'good' one)? These things would be very hard to tell I would have thought.