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, 06:45:18 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.

Ridwan Fauzi

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Quote from: cute nmp on February 03, 2020, 06:45:18 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.

fullhdpixel

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Quote from: Taskford on January 21, 2020, 08:53:18 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.

Taskford

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Quote from: BlackFor3st on January 21, 2020, 02:35:57 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?

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, 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?

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.

Mahanton

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Quote from: leea-1334 on November 21, 2019, 05:09:25 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!

romero121

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Quote from: pragna on November 21, 2019, 01:00:46 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, 08:05:13 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.

HarmonyA

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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?

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.

buwaytress

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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, 05:34:22 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.

BitHodler

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Quote from: audaciousbeing on October 31, 2019, 05:00:25 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?

imstillthebest

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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 .

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.

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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

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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 ...

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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.

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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.

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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.

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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.

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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.

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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.

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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. (Read 376 times)