Business Bitcoin Usage 2017

nBursting Comment: Bitcoin hit 1,300% for the full year of 2017, with a small gain in the first quarter and a tenfold increase in the second quarter, with an average quarterly increase of 5.44% in the number of paid-for-entity entities using Bitcoin during the year. The increase in the number of entities accepting bitcoin in the third quarter was higher than before, implying a rise in market demand and a further increase in the fourth quarter. Ended cryptocurrency fell at the end of the year with lay people not knowing the overall risk and volatility range. From the Pearson correlation coefficient, the price of the currency is related to the utilization rate of the enterprise. With the accession of large institutional investors and the promotion of retail investors’ knowledge, in 2018 Will usher in a cryptocurrency bull market.n
nTranslation: Annie_Xun
2017 is an important year for bitcoin. The CBOE launched its first bitcoin futures market. NYSE applied for two bitcoin ETFs, and the price of bitcoin rose by 1,300%. In 2017, the scale of bitcoin can not be ignored. As the value of bitcoin becomes higher and higher, the number of bitcoin-enabled entities globally has shown a considerable increase. Let’s take a look at the relevant data.n
Q1 / 17: up 5.5%n
According to Coinmap.org, on January 3, 2017, 8,207 entities accepted Bitcoin as a payment for goods and services. On the last three days of the first quarter of March 28, 2017, 8,665 companies accepted Bitcoin. The number of companies accepting bitcoin in the first three months of 2017 increased by 5.58%.n
Bitcoin price data: a slight increase of 7%n
On the first day of the year, January 1, 2017, the bitcoin price was $ 979.5, 13 times lower than the current $ 13,390 bitcoin. On March 31, on the last day of the first quarter, the Bitcoin price was $ 1,045.03. The first quarter rose 6.9%.n
Q2 / 17: The number of enterprises using the steady rise of 5%n
April 4, 2017, 8,682 companies accept bitcoin. On June 27, 2017, during the last three days of the second quarter, 9,143 companies accepted bitcoin, and 461 new bitcoin-enabled businesses added 5.3% of the total number of bitcoin-enabled businesses this spring.n
Bitcoin price data: a strong rise of 135%n
On April 1, 2017, bitcoin was priced at $ 1,069.78, and on the last day of the quarter the price was $ 2,519.27. Bitcoin prices increased 1,449.49 US dollars, equivalent to 135% of the price increase.n
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In the first half of 2017: bitcoin rose by 147%, companies that started to accept bitcoin increased by 11%n
Combined, the first and second quarters represent the first six months of 2017, an 11.4% increase in the number of bitcoin-enabled businesses. 936 entities use Bitcoin as a means of payment for goods and services. The average quarterly increase in the number of entities receiving Bitcoin was 5.44%. From the first day of the first quarter to the last day of the second quarter, the price of bitcoin increased by US $ 1,501.1, or 147.43%.n

Q3 / 17: cryptocurrency fanatical start, 8.5% increasen
On July 4, 2017, 9,176 enterprises accepted bitcoin, increasing from 9,972 on September 26, 2017 to 796, or 8.67%, for real-world businesses that use bitcoin as a payment method.n
Bitcoin price data: another wave of strong up 74%n
On the first day of the third quarter, Bitcoin was US $ 2,458.14 on July 1 and US $ 4,286.64 at the end of September. From July 1, 2017 through September 30, bitcoin prices increased by $ 1,828.5, or 74.38%.n
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Bitcoin rose and warmed upn
In the third quarter, we began to see bitcoin and bitcoin-enabled businesses grow more than in previous quarters. Price hikes mean rising demand, and events in the third quarter of this year justified a rise in Bitcoin market demand. The media began reporting on the astonishing gains investors made from investing in digital currencies, with the global media beginning to report bitcoin; for the first time in a positive image, bitcoin appeared compared to the past when it was linked to money laundering and illicit drug trafficking. In addition, bitcoin has reached a new all-time high and the news is like wildfire, which could affect a large number of people who believe they have missed the huge bitcoin returns and decide not to miss the lucrative return on investment.n
Q4: More and more bitcoin-accepting businesses, 12%n
On October 3, 2017, 10,040 entities accepted Bitcoin for the three days prior to the fourth quarter. On December 19, 2017, 11,291 real businesses accepted Bitcoin. The rise since the quarter has risen to 12.4%.n
Bitcoin Price data: roller coaster, 224%n
In Q4, the number of enterprises that increased their bitcoin payment support rose the most, adding 1,251 entities. At the start of the fourth quarter, the bitcoin price was $ 4,317.24. Bitcoin reached the all-time high of 20,000 U.S. dollars on December 17, but in the last days of the month, the cryptocurrency market faced a price correction and Bitcoin fell to 14,000 Dollars. However, at the end of the quarter, the price of bitcoin rose by 224.35% to 9,685.7900.n
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Second half of 2017: The number of companies holding friendly attitudes toward Bitcoin nearly doubled compared to the first half of the yearn
In the second half of 2017, the number of companies accepting bitcoin payments increased by 2,115, or 23% from July 4 to December 19.n
The number of companies that accepted bitcoin each quarter rose about 10.57%, almost double the pace of the first half.n
Price data: Bitcoin is the currency that created the recordn
As of January 1, 2017, the bitcoin price was $ 979.53. By the end of December, the bitcoin price was around $ 14,000. From the first quarter to the last day of the fourth quarter, the price rose by about 1,329% and the overall price rose by $ 13,000 .n
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Cryptocurrencies fanatical and bitcoin usen
The recent drop in bitcoin prices may be because retail investors unfamiliar with the cryptocurrency market do not know the cryptocurrency Beta system is more risky than the NYSE or Nasdaq. As bitcoin prices plunged, the market began to shake hands with soft participants. Many unfamiliar retail investors out of panic and opted for the sale of cryptocurrencies.n
People who previously hoard cryptocurrencies apparently know nothing to fear and do not have to sell when the price drops sharply, as people familiar with the cryptocurrency community know Bitcoin is like the best rollercoaster in a theme park. Astonishing increases leave you feeling out of the atmosphere, but with a downturn, you think the roller coaster will fall directly through the center of the earth until it reaches the abyss, causing concern and stimulating adrenaline levels to rise.n
Data show that bitcoin prices are related to the number of businesses that accept bitcoin payments, with a Pearson Correlation of 0.7994. In other words, as long as bitcoin prices rise, the number of companies that accept bitcoin is likely to increase.n
The best part is that bitcoin carnival is just beginning. We call it “cryptocurrency fanaticism,” but carnivals will end soon.n
Despite a substantial increase in interest in digital tokens, the total market capitalization of all digital assets was $ 560,456,007,471, well below the 19.6 trillion dollar market cap of the NYSE.n
2017 is an important bitcoin year. There are not many assets with a return of more than 1,300%, 3,084 bitcoin-enabled businesses and an increase of bitcoin totaling $ 13,023.53.n
In 2017, we begin to see institutional investors offering digital asset investment options on the client platform, but the support of large institutional investors has not yet become one of the market factors. Institutional investors, the Wall Street giants who want to participate in the bitcoin game in the first quarter of 2018, have filed for bitcoin ETFs, and retail and laymen are also learning digital currency and are beginning to want to add numbers to their portfolio assets.n
Blockchain technology, especially bitcoin will be worth the wait, 2018 bitcoin as the first blockchain technology will bring about it! But now that bitcoin becomes a source of local news outlets, supermarkets, hairdressers, and classes, you can be sure we’re in a bull market.n

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