Quote from: Velkro on May 08, 2017, 09:15:45 PM

Quote from: btcforall777 on May 08, 2017, 08:54:13 PM

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

It was probably from what i heard massive spam attack when one address were sending money to itself over and over again.
It wasn't confirmed so he doesnt lost money on transaction fees but it created fake volume probably.

You can check if this volume will last for more weeks to come it will tell the truth.

I do not think he means transaction volume in the network. He is talking about total trading volume in all of the exchanges.

What btcforall777 failed to post is the volume of Bitcoin. http://coinmarketcap.com/currencies/bitcoin/#markets

I do not check that often but it was shocking to see that a once upon a time small exchange like Poloniex is the one carrying the majority of volume in Bitcoin.