<p>There is no way to know this with a 100% accuracy. Because when you look from outside, a trader moving Bitcoins between exchanges is no different from someone paying for a services/goods with Bitcoins. Both are Bitcoin transactions. The same goes for people moving money internationally, sending their parents Bitcoins, a company paying it's employees etc. You really can't separate these from purchases of actual goods and services. Because like I said, they're all transactions.</p>

<p>However, if you want to measure speculative interest in Bitcoin vs. interest in Bitcoin as a currency(i.e for practical things) then you can look at this graph:</p>

<p><a href="http://blockchain.info/charts/tx-trade-ratio" rel="nofollow">http://blockchain.info/charts/tx-trade-ratio</a></p>

<p>And the discussion about it:</p>

<p><a href="http://codinginmysleep.com/measuring-bitcoin-speculation/" rel="nofollow">http://codinginmysleep.com/measuring-bitcoin-speculation/</a></p>

<p>Both the discussion and the data is quite far from conclusive though.</p>

CC BY-SA 3.0
2013-07-09T19:44:41.043Z
2013-07-09T19:44:41.043Z
Emre K.
<p>There seems to be plenty of data on the BTC financial market, exchange rates and the like, as well as on the technical aspects (network hash rate, difficulty etc).</p>

<p>I guess I'm not the only one interested in what amount of BTC is spent on actual goods and services, but all I can find is the occasional number by some specific trading platform, for some specific timeframe, nothing more systematic.</p>

CC BY-SA 3.0
2013-07-09T19:07:47.563Z
there are a couple companies that are known to pay employees in btc, and you can check auctions on various bitcoin forums. this will help you do your independent research
CQM
CC BY-SA 3.0
2013-07-10T01:07:33.380Z
I'm sure [bitcoin store](https://www.bitcoinstore.com/) has this data, though I'm not sure if they would share it. Perhaps you can glean some from their site though.
Loourr
<trading>
Is there data available on physical goods and services traded in BTC?
Hanno Fietz
# Is there data available on physical goods and services traded in BTC?

(Asked by: username_0 on 2013-07-09)

There seems to be plenty of data on the BTC financial market, exchange rates and the like, as well as on the technical aspects (network hash rate, difficulty etc).

I guess I'm not the only one interested in what amount of BTC is spent on actual goods and services, but all I can find is the occasional number by some specific trading platform, for some specific timeframe, nothing more systematic.

**Tags:** trading

> **Comments:**
> **username_1**: there are a couple companies that are known to pay employees in btc, and you can check auctions on various bitcoin forums. this will help you do your independent research  
> **username_2**: I'm sure [bitcoin store](https://www.bitcoinstore.com/) has this data, though I'm not sure if they would share it. Perhaps you can glean some from their site though.  

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## 1 answers

### Answer by username_3 on 2013-07-09. Score: 0 | Accepted answer

There is no way to know this with a 100% accuracy. Because when you look from outside, a trader moving Bitcoins between exchanges is no different from someone paying for a services/goods with Bitcoins. Both are Bitcoin transactions. The same goes for people moving money internationally, sending their parents Bitcoins, a company paying it's employees etc. You really can't separate these from purchases of actual goods and services. Because like I said, they're all transactions.

However, if you want to measure speculative interest in Bitcoin vs. interest in Bitcoin as a currency(i.e for practical things) then you can look at this graph:

<http://blockchain.info/charts/tx-trade-ratio>

And the discussion about it:

<http://codinginmysleep.com/measuring-bitcoin-speculation/>

Both the discussion and the data is quite far from conclusive though.


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