According to CMC, in 2019 crypto cap has tripled, and daily volumes passed $70B.

wozzek23

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Quote from: cute nmp on February 03, 2020, 05:45:18 PM

Crypto-currency seems to be getting more exposure than the previous years,many people now are much aware of crypto-currency unlike before.The only thing about the crypro-market even though that it has tripled is the continuous fall in prices of many altcoins.

Those falls are not constant if the coin you are trading on isn't a shit coin. There have been dumps in the markets but the markets have surely grown again to show us a good price. This is what have made the total market cap triple itself from the initial number.

I am sure that the number might have grown to some more extend because OP launched this thread few months back and in these few months a lot of coins have started recovering which might surely bring a lot of more people towards cryptocurrencies. The demand for such crypto coins would be much more high in the coming future because there would be a number of platforms which would work for the betterment of the mankind linked with the blockchain technology.

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Quote from: cute nmp on February 03, 2020, 05:45:18 PM

Crypto-currency seems to be getting more exposure than the previous years,many people now are much aware of crypto-currency unlike before.The only thing about the crypro-market even though that it has tripled is the continuous fall in prices of many altcoins.

The first thing that you should know cryptocurrency was getting popular at 2017 ago until the google had admitted that the keyword of bitcoin was the most sought after at that time.

The second thing that you should know, altcoins are the part of cryptocurrency. They are digital currency that being created to fulfill what everyone need. Also, your statement is wrong because the fact you can see the altcoin prices right now, an example is ETH which is increasing for more than 15% in a day.

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Quote from: Taskford on January 21, 2020, 07:53:18 AM

There's no doubt that it's really the case and I think CMC get a hard time to filter those exchange who feed there the data but maybe people should be considerate to that since they are free to use anyways. But since the cap still continuously growing for sure many people get aware about the cryptocurrency and this is a good sign for more adoption.

There is a huge number of investors in the entire globe and that number is consistently rising which is getting more investors on board. In this situation, many people have a tendency to invest in these high volatile markets to gain higher profits than any other investment source and hence we could see a ascending order demand for the cryptocurrencies which always keeps on rising the market cap.

Moreover, a number of people are able to multiple their capital by actively investing into the markets and such people always prefer to reinvest more than 75% of their earning into the markets again which keeps on rising the marketcap as the time passes by.

cute nmp

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Crypto-currency seems to be getting more exposure than the previous years,many people now are much aware of crypto-currency unlike before.The only thing about the crypro-market even though that it has tripled is the continuous fall in prices of many altcoins.

Baoo

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Unfortunately, there are a lot shitty cryptocurrencies in the market, most of them are useless ( like 90% ) , and remember that in the coinmarketcap and other similar websites, the manipulation of price, volumes, Market cap are always existed and widespread. In my opinion, it is too risky in order to invest in majority of crypto except few especially the ones who are existed on the top of market ( TOP 30 ) like, Bitcoin sv, Litecoin, Ripple, Cardano, Monero and of course the best coin BTC and even ETH.

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Quote from: BlackFor3st on January 21, 2020, 01:35:57 AM

Quote from: hoaryal1 on August 22, 2019, 07:05:13 AM

According to CMC, since the beginning of 2019 the crypto cap has tripled, and daily trading volumes passed $70B. However, some are questioning the legitimacy of this data. With individual & institutional investors flooding into crypto, its time to evaluate how many people are really trading crypto

After a disappointing 2018, crypto markets are booming once again.

Backed by institutional investors, growing numbers of individual enthusiasts, and broad support for its underlying technology, the blockchain, the entire crypto sector is seeing a resurgence.

According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.

For those who witnessed crypto’s meteoric rise in 2017, this year’s activity might seem incredibly familiar.

USDT fake volume

Many Exchanges fake volume

EOS fake how much they raised

So, How Many People Are Really Trading Cryptocurrency?

Article and more info about it

What do you guys think?

There is a big possibility that the credibility of that data is only half true as most of the exchanges are faking their volume and cmc is only basing their data in overall exchanges data if I hit it correctly.

But the adaption of crypto currencies are keep on growing as days passes by so I believe the demand is keep on increasing. I also want to know if their are platforms that can trace the total number of people that use and trade crypto currencies.

There's no doubt that it's really the case and I think CMC get a hard time to filter those exchange who feed there the data but maybe people should be considerate to that since they are free to use anyways. But since the cap still continuously growing for sure many people get aware about the cryptocurrency and this is a good sign for more adoption.

BlackFor3st

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Quote from: hoaryal1 on August 22, 2019, 07:05:13 AM

According to CMC, since the beginning of 2019 the crypto cap has tripled, and daily trading volumes passed $70B. However, some are questioning the legitimacy of this data. With individual & institutional investors flooding into crypto, its time to evaluate how many people are really trading crypto

After a disappointing 2018, crypto markets are booming once again.

Backed by institutional investors, growing numbers of individual enthusiasts, and broad support for its underlying technology, the blockchain, the entire crypto sector is seeing a resurgence.

According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.

For those who witnessed crypto’s meteoric rise in 2017, this year’s activity might seem incredibly familiar.

USDT fake volume

Many Exchanges fake volume

EOS fake how much they raised

So, How Many People Are Really Trading Cryptocurrency?

Article and more info about it

What do you guys think?

There is a big possibility that the credibility of that data is only half true as most of the exchanges are faking their volume and cmc is only basing their data in overall exchanges data if I hit it correctly.

But the adaption of crypto currencies are keep on growing as days passes by so I believe the demand is keep on increasing. I also want to know if their are platforms that can trace the total number of people that use and trade crypto currencies.

sovie

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btc started its 2019 journey with 3500$ and peaked around 12000$ and ended 2019 with price around 7000$. OP referring to the time when btc was at its ATH of 2019 and he is correct in saying that it has tripled in its value. its all about price swing, btc can go in both directions.

cute nmp

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This is not something suprising at all because more people are finally recognising crypto-currency much more than the current year Even though crypto-market had a disappointing 2018 with little improvement in 2019.Hope market will improve much more this year with lots of people acknowledging crypto.

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Quote from: leea-1334 on November 21, 2019, 04:09:25 AM

If people are still using CMC to judge how healthy the market is after all the things pointed out about the weakness of using market cap plus the chances that most of the exchanges being used to fill data is filling their pockets with wash trading as well as falsified data,,, what more can you do?

CMC does collect data, we all know that. You want to use it? At your own risk!

Everything is being tallied and updated and showing off those wash trading volumes would really be included and we know that CMC
do have issues with that and being sued about that but since this is just a stat or volume shower/updater site then these things are
inevitable to avoid.This is why we should know on how to spot out and make use of this reference site efficiently. This issue wont really
be that a big bother if you do know on what you are doing.

leea-1334

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If people are still using CMC to judge how healthy the market is after all the things pointed out about the weakness of using market cap plus the chances that most of the exchanges being used to fill data is filling their pockets with wash trading as well as falsified data,,, what more can you do?

CMC does collect data, we all know that. You want to use it? At your own risk!

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Quote from: pragna on November 21, 2019, 12:00:46 AM

i am not pessimistic actually. If i saw 2018, this may believable but if i compare 2017 this may not. Matter of sorrow that maximum news are false in cryptomarket now so people are fear to invest into crypto market. Now market is something stable but not like 2017 but we can not be hopeless here. we can hope for future market.

The market hasn't changed much as people predict. There is growth happening with time. Apart from the same there is regular fluctuation and the same ends with price increase or decrease. This is common, and in between some tries to manipulate the market. By the instance one should not get panic, here this is the worst part. Just on some unexpected behavior of the market people easily becomes prey to the whales who keep themselves prepared to make use of the opportunity.

We can't say the year is full of false news, lot many good news got circulated around the market which is the key reason for the price of bitcoin to grow from the lowest margin of around $3000 to reach the value around $14000. Hope the future progress will be good as described in the above quote.

pragna

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i am not pessimistic actually. If i saw 2018, this may believable but if i compare 2017 this may not. Matter of sorrow that maximum news are false in cryptomarket now so people are fear to invest into crypto market. Now market is something stable but not like 2017 but we can not be hopeless here. we can hope for future market.

The Sceptical Chymist

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Quote from: hoaryal1 on August 22, 2019, 07:05:13 AM

USDT fake volume

Many Exchanges fake volume

I'm not sure how extensive this problem is, but it doesn't surprise me in the least if exchanges are faking their trading volume. They probably do this to make themselves seem like a hotter exchange than they really are--I can't think of any other reason for it. If their trading volume looks dead, customers might start looking for another exchange. And one really bad thing is that if volume is actually close to zero on a given coin, any new sell orders probably won't ever get filled, though that's only probably true for the deadest of shitcoins.

As I've said before, as long as the prices aren't faked I could put up with using an exchange that fakes trading volume--but only to a certain extent. They shouldn't be doing this at all, and it's extremely dishonest. Imagine if a stock brokerage was caught doing something like this. They'd probably be put out of business within a week, if not fined to the maximum extent of the law. They'd never get away with it.

Oh yeah, the crypto cap has tripled. Not surprising, since the shitcoin parade keeps going. More coins=greater total marketcap. That's not a piece of data that I particularly care about.

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Quote from: hoaryal1 on August 22, 2019, 07:05:13 AM

According to CMC, since the beginning of 2019 the crypto cap has tripled, and daily trading volumes passed $70B. However, some are questioning the legitimacy of this data. With individual & institutional investors flooding into crypto, its time to evaluate how many people are really trading crypto

After a disappointing 2018, crypto markets are booming once again.

Backed by institutional investors, growing numbers of individual enthusiasts, and broad support for its underlying technology, the blockchain, the entire crypto sector is seeing a resurgence.

According to data collected by CoinMarketCap, the collective crypto cap has nearly tripled since the start of the year. Led by Bitcoin (which has also tripled its value since its low point in 2018) cryptocurrencies are outperforming many other investment assets, including stocks, bonds, gold, and oil.

For those who witnessed crypto’s meteoric rise in 2017, this year’s activity might seem incredibly familiar.

USDT fake volume

Many Exchanges fake volume

EOS fake how much they raised

So, How Many People Are Really Trading Cryptocurrency?

Article and more info about it

What do you guys think?

This was the data from CMC and its pretty fair because it's not accurate. There are fake volumes of trade on some exchanges and this reflects on CMC because these cryptocurrencies are listed there. So we should assume 2/3 of the $70B, which is still acceptable per se.

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There are many things contributing that. Surely the number of crypto and crypto users have increased but that's not the only thing that tripled the cap in CMC.
CMC increased it's rate of adding new coins to it's list in 2019, don't know whether they softened their criteria or there are many fake exchanges that fakes trading to list coins in CMC.
The increment in cap is entirely due to adding of new coins.

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Right to ask the question: how many people are actually trading crypto. But that's not the only question that's right to ask.

Even if we ignore the bigger picture questions like... how many people actually own crypto (as opposed to tens of thousands of user accounts on several exchange wallets), even within the market parameters, we don't know how many individual traders they really are.

I'm a trader on LBC, for example, in at least 2 currency markets. And even when my offer is the best, and I have a fairly solid account, it's not like lots of people are biting at the chomp to get my trades. Makes me really wonder, how many people are out there looking at it.

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Quote from: imstillthebest on October 31, 2019, 04:34:22 AM

strange . you said market crypto cap have trippled but why the value of cryptos are still down ? but you might be right that most of them are only manipulations because if its legit , then my assumptions will occur that the prices of cryptos will also increase .

to your question about how people are trading ? well we cant exactly tell or count them because bots are now present on the trading world . others can use different bots to trade on different exchanges .

You dont know actually on how trading works generally.Increasing volume doesnt always mean on seeing higher prices.
It might tripled the volume and its good to know that theres much activity into the ground.It might not able to affect
too big on the price but at least we are seeing some recognition on here which is a good sign because volume does
mean about interest and people who are into it.

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Quote from: audaciousbeing on October 31, 2019, 04:00:25 AM

Not that all these manipulations are absent in stock market but there are rules which mitigate it to the barest minimum even when you flout the rule, there are appropriate punishments to be meted out which is why when they put out data from that end, people take not because its right but there are not enough substantive evidence to invalidate those figures.

The rules you refer to don't really do much.... institutions continue to rig the markets they are active in, just on a level it doesn't appear to be manipulation. It's not about pumps and dumps, but about multi year plans to control markets.

From time to time you read about banks being fined for manipulating this or that market, which the governments aren't too unhappy with because it provides them an opportunity to fine banks hundreds of millions of dollars.

Banks on their turn know that they are going to get fined so they already calculated that into their budget, collateral damage that is called. Making billions in profits but only pay a few hundred million in fines, not a bad deal, right?

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strange . you said market crypto cap have trippled but why the value of cryptos are still down ? but you might be right that most of them are only manipulations because if its legit , then my assumptions will occur that the prices of cryptos will also increase .

to your question about how people are trading ? well we cant exactly tell or count them because bots are now present on the trading world . others can use different bots to trade on different exchanges .

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