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Anyone have statistics on the total size of BTC transactions? Has BTC 1B in trade occurred yet?

• VMG 14y ago
  There are all kinds of charts under http://blockchain.info/ http://blockchain.info/. I guess it would be possible deduce a trade that occurred at a price that put the value over $1B but that depends on your exact definition. Also the valuation might go over and under $1B multiple times in the future.
  • niggler 14y ago
    I said BTC 1B and not $1B because not all BTC transactions occur between participants dealing in USD.
• wting 14y ago
  Right now there seems to be about 15M transactions total. Number of Transactions https://blockchain.info/charts/n-transactions-total https://blockchain.info/charts/n-transactions-total Transactions / Day: https://blockchain.info/charts/n-transactions https://blockchain.info/charts/n-transactions Trade:Transaction Ratio: https://blockchain.info/charts/tx-trade-ratio?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=7&scale=1&address= https://blockchain.info/charts/tx-trade-ratio?showDataPoints...
  • niggler 14y ago
    https://blockchain.info/stats https://blockchain.info/stats 156,779.62 BTC in the past 24 hours
    • waterlesscloud 14y ago
      That's what was traded on the exchanges. What I think you're looking for is known as Estimated Transaction Volume - https://blockchain.info/charts/estimated-transaction-volume https://blockchain.info/charts/estimated-transaction-volume
• M4v3R 14y ago
  On exchanges, or on the Bitcoin network as a whole? For example, 41 million BTC were traded on MtGox in USD since the beginning.
• eric_bullington 14y ago
  If you're looking for a good metric for BTC transaction volume, I would suggest Bitcoin days destroyed: https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed Here's a chart of BDD per week (log scale is best in this case): http://blockchain.info/charts/bitcoin-days-destroyed?showDataPoints=false&show_header=true&daysAverageString=1&timespan=&scale=1&address= http://blockchain.info/charts/bitcoin-days-destroyed?showDat... Here's an attempt to track transaction volume, minus change transactions (the Bitcoin client almost always performs a transaction to issue change back to the sender whenever he/she sends money to someone): http://blockchain.info/charts/estimated-transaction-volume-usd http://blockchain.info/charts/estimated-transaction-volume-u... Both of these metrics point to a slow but steady growth in the number of Bitcoin transactions conducted -- this in spite of a huge increase in their exchange value against the USD and other fiat currencies. So people are spending their Bitcoins. And this trend will likely continue as more companies accept Bitcoins.
  • tocomment 14y ago
    I'm not getting an intuitive grasp on what the days destroyed tells you? Is it how many people are holding bitcoins? What does a higher number mean, what does a lower number mean?
    • niggler 14y ago
      A larger number means that people are holding onto BTC for long periods of time, a smaller number means that people are spending BTC soon after receiving it. In a sense, its a more granular way of looking at money velocity.
      • eric_bullington 14y ago
        Can you please explain what you mean by "a more granular way of looking at money velocity"? This is probably a good point, but I'm missing it. I understand "granular" and "money velocity", but am having trouble understanding what you mean here.