0

Am I correct assuming that bitcoin transaction volume (https://blockchain.info/nl/charts/n-transactions-excluding-popular) represents "the usage in real transactions" Hence, it does not represent exchange trading transactions?

The reason I ask is because the trade volume vs transaction volume ratio is not available anymore: (https://www.quandl.com/data/BCHAIN/TVTVR-Bitcoin-Trade-Volume-vs-Transaction-Volume-Ratio) and I am somewhat confused by the names of the variables.

In short: Is https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100 the transaction volume? (Purchase real life goods etc)

Thanks.

0

These are all transactions that are recorded on-chain.

In short: Is https://blockchain.info/nl/charts/n-transactions-excluding-chains-longer-than-100 the transaction volume? (Purchase real life goods etc)

Assuming that every transaction involving the trading of bitcoin for goods/services is done on-chain and not internally as might be possible by some sites, ( eg all trading on binance, bittrex etc.) then yes.

It certainly indeed does not represent "orders" that you make on exchanges such as bittrex ( to buy X coin or sell Y amount of bitcoin for $), all these transactions are performed internally on their platform, and are never actually recorded on the blockchain, unless you explicitely want to withdraw your "balance" in the form of bitcoins to your wallet. ( which is why you really shouldn't trust them with any of your coins)..

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.