According to CMC, in 2019 crypto cap has tripled, and daily volumes passed $70B. - page 2.

audaciousbeing

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Quote from: koura_cc on October 30, 2019, 06:14:37 AM

Quote from: hoaryal1 on August 22, 2019, 08:05:13 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?

Market cap and volume trade are completely irrelevant when subjected to so much market manipulation and lack of regulation. There's really not much to draw from these numbers when they're a product of wash trading and the adoption rate still remains largely the same.
Only coins with an intrinsic value can offer a semblance of indication regarding incoming capital volume. So, looking at their behavior is tons more precise than what coinmarket is measuring.

Market cap and volume trade are relevant in decision making and the reason why its they are kind of gibberish in crypto that you are also thinking is irrelevant is because of the lack of trust in the which gives room for people to fake trades, manipulate data for their own selfish reasons. 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.

koura_cc

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Quote from: hoaryal1 on August 22, 2019, 08:05:13 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?

Market cap and volume trade are completely irrelevant when subjected to so much market manipulation and lack of regulation. There's really not much to draw from these numbers when they're a product of wash trading and the adoption rate still remains largely the same.
Only coins with an intrinsic value can offer a semblance of indication regarding incoming capital volume. So, looking at their behavior is tons more precise than what coinmarket is measuring.

wxa7115

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Quote from: Slow death on September 05, 2019, 03:41:12 PM

this is an unregulated market, anyone creates an exchange and will manipulate the exchange volume so that it has more prominence in the coinmarketcap and gets more customers, another point is that there are a lot of shitcoins that are unfortunately in that market, so ask to have more reliable metrics is something to ask the impossible for now. let's just settle for the false data we have. I particularly don't take this data seriously so I don't constantly pay attention to it

Exactly, as long as the data is manipulated by exchanges in order to try to attract customers to their business we cannot rely on their data because no matter how honest the owners of an exchange may be if at some point they need to fake their data in order to attract more customers than other exchanges I'm sure that many will do it, there are some websites that are trying to filter this and create more reliable data but it is still to be seen if they are going to be successful on their goal.

So for the time being it is correct to be very sceptical about any number that an exchange gives as their volume.

Slow death

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this is an unregulated market, anyone creates an exchange and will manipulate the exchange volume so that it has more prominence in the coinmarketcap and gets more customers, another point is that there are a lot of shitcoins that are unfortunately in that market, so ask to have more reliable metrics is something to ask the impossible for now. let's just settle for the false data we have. I particularly don't take this data seriously so I don't constantly pay attention to it

Searing

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Clueless!

The catch is people do not really KNOW what the crypto cap is on the crypto universe.

www.coinmarketcapcom with others is set to make a "Liquidity Ranking System".

While this is NOT a solution to volume as such, it 'should' make such values more legit, in regards to a 'better guess' of real volume in the crypto universe.

https://m.investing.com/news/cryptocurrency-news/coinmarketcap-sets-november-target-date-for-new-liquidity-rankings-1964568

Real Volume as an example of Bitcoin is 'supposedly' not really known. It could 'really' be as

much as 90% of all crypto. This complicates the whole view, IMHO, by more than a little bit. See the below link:

https://finance.yahoo.com/news/bitcoin-actually-dominates-90-market-204242452.html

Not sure how a person can really tell anything from either, but it is a start I guess.

Brad

MadHouseCo

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I read a report I don't know if I am allowed to share but there are differences....substantial differences between the real money and the declared one ...sady but true ...

GreatArkansas

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Quote from: chaoscoinz on August 22, 2019, 10:30:38 AM

I think I've heard people mention it here on the forums before, that the volume has been on some exchanges, greatly exaggerated, one of the many reasons why I believe there hasn't been an official Bitcoincoin ETF yet, due to the market manipulation.
(....)

Add also to that, especially those ETF that is always postponed or denied have become natural for Bitcoin, if we can compare on the first appearance of ETF in the crypto world, just like Bitcoin, it is really a mainstream and it is really affected the price of Bitcoin but as time goes by, it becomes neutral.
And also for me, market manipulation is the thing we can't avoid especially before 2017 parabolic bull run, lot of controversies about Bitcoin before. I want to see soon that those ETF's soon will not be a big deal soon for the Bitcoin because I believe we don't need ETF.

Docnaster

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I'll tell you why this is happening. Markets in US, UK, Japan and basically all other leading markets are suffering an economic slowdown. Naturally investors are seeking to put their money in hard assets like gold silver etc that can at least sustain the majority of their savings in a stable way. But a large portion of their investments are also directed to experimental assets like Bitcoin or any asset where the entry prices to acquire such assets are way higher than their intrinsic values.
So long as the mainstream economy will suffer, bitcoin and cryptos will boom.

Jating

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That's why coinmarketcap is not a good indicator because projects can simply manipulate the price of their coin to look like that they have volumes. Plus there are exchanges doing wash trading of faking their own volumes so we can't really know for sure what is the exact numbers.

The only thing is that bitcoin is taking over the market and obviously, its trading volume is up this year. As for the altcoin markets, I doubt it, they can exaggerate their numbers, just saying.

BitHodler

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Meh. The volumes are not real and the market cap isn't real either. I haven't seen much indicating actual growth in adoption despite people thinking so because of the bull run we have had this year.

It's largely institutional presence that has driven up the price based on improved technicals. Bitcoin's transactions are going back down again, the number of active addresses, etc. The activity pop is slowly going back to pre April levels.

A good indication of incoming capital is to look at the stablecoins since they are public record. Tether and USDC haven't printed much lately so from there I wouldn't expect any major price movement higher.

hugeblack

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Let's prove some facts:

- There is market manipulation.
- There are no regulations.
- There are a lot of useless currencies.

Now the metrics on which CMC is based are wrong, so any fluctuation in the market will fundamentally affect the market cap. (Market Cap= Circulating Supply * Price)
Therefore, the price increase will directly affect the market capacity (Assuming that Circulating Supply is changing slowly can be ignored,) which leads to a doubling of Market Cap.

omonuyak

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Quote from: chaoscoinz on August 22, 2019, 10:30:38 AM

I think I've heard people mention it here on the forums before, that the volume has been on some exchanges, greatly exaggerated, one of the many reasons why I believe there hasn't been an official Bitcoincoin ETF yet, due to the market manipulation. It seems like things are slowly improving over time, it's going to be slow but if you look at how far the scene has come up to this point, I'd say it's we're making some progress.

The market manipulation is real and that is the reason why online and offline businesses cannot use it as a mode of payment for their goods and services for now but that did not mean we are not using it as a store of value. However, I strongly recommend that the manipulation should continue for sometimes because bitcoin is popular now because of how the volume keeps increasing daily.

dunfida

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Quote from: hoaryal1 on August 22, 2019, 08:05:13 AM

So, How Many People Are Really Trading Cryptocurrency?

What do you guys think?

Not much yet we have seen these issues had been known in the past where wash trading do happen or volume manipulation of most exchangers just to make their platform to be attractable but behind theres no significant number of traders that can make up soo much volume.
This is why i dont easily believe these numbers no matter how high it is or they do proclaim, i dont care at all yet majority of us know that these werent that accurate.

Duzter

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The marketcap that increased with time reflected with the increase in the price of bitcoin as well most top altcoins of Coinmarketcap. Just consider the marketcap by the beginning of the year and the price. Further as the marketcap increased we experienced the increase in price. In between even though there were more fake volume issues as stated in the opening post the market didn't get shattered.

From the day of cryptocurrency into usage there were good as well bad news rolling out of the market. This at times gets used as a manipulative source. Now as people doesn't react much it gets to end with small fluctuations and the growth continues.

chaoscoinz

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I think I've heard people mention it here on the forums before, that the volume has been on some exchanges, greatly exaggerated, one of the many reasons why I believe there hasn't been an official Bitcoincoin ETF yet, due to the market manipulation. It seems like things are slowly improving over time, it's going to be slow but if you look at how far the scene has come up to this point, I'd say it's we're making some progress.

hoaryal1

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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?

Topic: According to CMC, in 2019 crypto cap has tripled, and daily volumes passed $70B. - page 2. (Read 376 times)