Hacker News new | ask | show | jobs
by vasilipupkin 2952 days ago
what do you mean? most bitcoin volume is done on centralized exchanges, so that's exactly the usual way of trading it.
1 comments
mikeash 2952 days ago
From some quick searching around, volume on the exchanges is around 500,000/day while volume on the blockchain is over a million. If that’s accurate (and it may not be, I’m not an expert on this and the sources I found might suck) then most volume is on the blockchain by a pretty good margin.

I don’t know how much gold is actually shifted around physically, but the trading volume in a year is several times the actual amount of gold that has been mined, so I suspect the proportion of that which involves physical movement is tiny.

link
vasilipupkin 2952 days ago
https://blockchain.info/stats

total USD transaction volume according to above about $1.3bln

trading volume, according to https://coinmarketcap.com/ - 6.7 bln

most bitcoin volume is virtual, not generating actual transactions, by 5 to 1 margin. Not sure where you got your numbers

link
mikeash 2951 days ago
What is the difference between “Total Output Volume” and “Estimated Transaction Volume”? The former is pretty close to what I found.
link