Here are the Top 15 Cryptocurrencies according to Coinbase users

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Quote from: jazmuzika217 on December 01, 2019, 09:14:26 AM

I am not surprised that bitcoin is still number one in different types of category specially in holding and popularity because I believe that bitcoin is still and will still holding the crown in the near future here in crypto industry. And I think bitcoin is not on top in trading because all we know that it is more profitable in long term trading and most of trader perform daily or short term trading.

XRP is almost similar the only difference is the holding time. Top 5 are all popular but XRP are being bought by a lot of users too. These information though might not affect the users who just see the data of CMC to be more accurate and almost everyone checks the data on CMC. Coinbase is just for US information, I don't even have an account there.

daarul50

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Quote from: DarkDays on November 29, 2019, 12:53:08 PM

Well, these are the only the coins held on Coinbase, which doesn't actually give us any indication of the 15 most popular coins in general. Additionally, I wouldn't say that the average hold time has anything to do with popularity. Can we really say that Ethereum Classic (ETC) is more popular than Ethereum (ETH) and Bitcoin (BTC) just because it has a longer hold time? That's ridiculous.

Personally, I think that hold time has little to no correlation with popularity. Certain coins are used more than others and have more utility, hence why the stablecoins have a shorter hold time. Doesn't mean they're not popular.

If you spend a lot of money, do you think that means you don't like money? Ridiculous.

no, but it shows that people more interested having certain coins in their wallet.
which means most of them choose a well known and an easy to find one to get more information as part their pre-investment on their own personal research and also for me could be considered how popular that coin.

it is not hard to understand.

however this is just a statistics based on their point of view, you can creates your own statistics if you feel disagree or something.
chill and let's discuss things in friendly way Wink

, peace out.

jazmuzika217

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I am not surprised that bitcoin is still number one in different types of category specially in holding and popularity because I believe that bitcoin is still and will still holding the crown in the near future here in crypto industry. And I think bitcoin is not on top in trading because all we know that it is more profitable in long term trading and most of trader perform daily or short term trading.

GreatArkansas

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I'm a little bit surprised on XRP with that huge increase in buy activities, but in Bitcoin, it's already given.
Btw, it this their Coinbase Pro or overall?
This data by Coinbase is also good especially for traders but I hope some traders will not really rely on this because this is on just Coinbase exchange only.

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Quote from: aardvark15 on December 01, 2019, 07:35:48 AM

I like the way this data is presented. I wish this were available for all exchanges combined rather than just Coinbase because there are some good altcoins that Coinbase doesn’t have available to trade.

I did too. If I wasn't busy with school stuffs, I would've added some of the mentioned alts to my bag. Recently some of the alts in the infographic have done => 50% profit. I know everyone believes that majority of altcoins will goto zero and prefer not to trade it. But I think you'll be leaving money on the table during the time alts take the road trip to the top.

Question123

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I believe every traders have different top cryptocurrencies they have or own top. But obviously the top1 crypto coins non other than is the bitcoin and every traders and user knows that because of the price which is very big difference to other coins. But for me base on what I saw the ranking or top crypto I saw is different from mine but doesn't affect what I think better crypto to other.

aardvark15

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I like the way this data is presented. I wish this were available for all exchanges combined rather than just Coinbase because there are some good altcoins that Coinbase doesn’t have available to trade.

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Quote from: nelson4lov on November 28, 2019, 08:07:35 AM

It's no longer news that it's an essential skill to be able to read and analyze market data and information when trading in the cryptocurrency market. The importance can't be overemphasized. Just recently, Coinbase provided three interesting trading information for its users.

Information like this can come in handy for instance, it can help you find Cryptocurrencies that are currently in demand – the hot cakes 🔥, you can use it to your advantage as well. There's so much we can do with data these days.

PS: Source 🔗 CryptoDiffer Sharing here... Might help some traders make more informed picks.

This is actually one of the pretty good data and we can use it to make data and make our buying or selling decisions. but those numbers are too general and it cannot have an exact number within certain small time frames. It is better to use tradingview, perform Technical analysis to better understand the selling or buying trend of many current traders. The data at Coinbase only shows about 3-5% of the whole market and it does not have much impact on the market.

hugeblack

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Can we check the authenticity of the source? Any official link from coinbase? Why even the published picture relates to CryptoDiffer?
Even if the analyzes are correct they are considered a bad investment tips due to the fluctuations of these currencies, we do not know the date of taking these analyses, so the interpretation of the period is quite different from the previous period, for example, you will find a big difference from the times of Hodling BTC during 2017 and 2018.
In short, it means nothing.

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Quote from: zeze18 on November 28, 2019, 10:09:40 AM

This kind of infographic is really helpful for many types of traders, if we usually trades daily we could see the less hold time because the price will be so agile and it's really fit for daytrade, and for long term trade we could choose coins with longest holding time. They should make this as an engine so the visualization will be dynamic based on the real market

You can't predict the price movements on any coins just by simply using one exchange's data if you do then it will mostly end up as wrong predictions.80 days or 100 days can't be really considered as long term investment these are just the average value but when we compared the median holding value with the total trading volume of that coins on coinmarketcap then we can find which is really used for trading and which of them used for holding.

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Quote from: zeze18 on November 28, 2019, 10:09:40 AM

This kind of infographic is really helpful for many types of traders, if we usually trades daily we could see the less hold time because the price will be so agile and it's really fit for daytrade, and for long term trade we could choose coins with longest holding time. They should make this as an engine so the visualization will be dynamic based on the real market

The data is indeed informative and traders can choose the right coin that would be according to their desires after looking at this graph. Bitcoin is the number one coin with respect to popularity on coinbase and market-cap. Most investors get attracted towards it because of its potential. It is amazing to see ripple having same percentage of buying but bitcoin is the best for both long term and short term trading.

DarkDays

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Well, these are the only the coins held on Coinbase, which doesn't actually give us any indication of the 15 most popular coins in general. Additionally, I wouldn't say that the average hold time has anything to do with popularity. Can we really say that Ethereum Classic (ETC) is more popular than Ethereum (ETH) and Bitcoin (BTC) just because it has a longer hold time? That's ridiculous.

Personally, I think that hold time has little to no correlation with popularity. Certain coins are used more than others and have more utility, hence why the stablecoins have a shorter hold time. Doesn't mean they're not popular.

If you spend a lot of money, do you think that means you don't like money? Ridiculous.

nelson4lov

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Quote from: el kaka22 on November 29, 2019, 03:26:58 AM

Never believe into anyone's suggestion for altcoins. As per some crypto experts, 99% of altcoins will become zero value over the time and we need to agree to that as highly reputed altcoins go biting dust when a new altcoin will be introduced.

I have no doubt about altcoins going to zero value. Trust me, I've seen my fair share of 'very' promising altcoins that went to a near zero value. Altcoins like Mobilego, Propy and other silverware ICO startups that reigned during the the 2017 epic rally. But on a lighter note, Don't you think you're leaving money on the table by not taking advantage of some of these alts? And that's not something I enjoy doing.

el kaka22

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Never believe into anyone's suggestion for altcoins. As per some crypto experts, 99% of altcoins will become zero value over the time and we need to agree to that as highly reputed altcoins go biting dust when a new altcoin will be introduced.

XRP and XLM are just ponzi. Centralized things. They trap investors with their pumps and dumps. May be good to make profits in short term if you are able to ride along their pumps and dumps.

When ETH itself is not doing good in this bearish markets, how we can expect ETC to keep attracting new investors.

DAI is a stablecoin/token if I recall correctly. This list of top crypros is based on utility? How a stable value thing is good for investments?

Quote from: nelson4lov on November 28, 2019, 08:07:35 AM

typical hold time
popularity on Coinbase
trading activity

All these are complete b.s. These cannot definite the top cryptos. I agree conbase has high reputation but that alone not enough criteria to dictate the list of top cryptos. This sounds like a phishing attempts to lure innocent investors in the name of established brand.

rijaljun

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Does it mean ZRX has more true believers than Bitcoin?

Quote from: MURONDI on November 28, 2019, 11:31:37 AM

In my opinion, almost all exchanges have almost the same altcoin rank, and I used to check altcoin ranking on coinmarketcap, almost every exchange also has a percentage of trading activity, it's just that it looks different but the essence is the same.

What rank do you mean? holding time rank? volume rank? Well, I would not easily believe a site that is proven for providing fake data.

MURONDI

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I personally just make a coinbase as a wallet and I never trade there, In my opinion, almost all exchanges have almost the same altcoin rank, and I used to check altcoin ranking on coinmarketcap, almost every exchange also has a percentage of trading activity, it's just that it looks different but the essence is the same.

zeze18

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This kind of infographic is really helpful for many types of traders, if we usually trades daily we could see the less hold time because the price will be so agile and it's really fit for daytrade, and for long term trade we could choose coins with longest holding time. They should make this as an engine so the visualization will be dynamic based on the real market

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Quote from: nelson4lov on November 28, 2019, 08:07:35 AM

(.....) Information like this can come in handy for instance, it can help you find Cryptocurrencies that are currently in demand – the hot cakes 🔥, you can use it to your advantage as well. There's so much we can do with data these days.

Yes, sure ... first of all, thank you for sharing this information here, I am more pleased with this information than by searching and reading many articles that are sometimes inaccurate.

nelson4lov

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It's no longer news that it's an essential skill to be able to read and analyze market data and information when trading in the cryptocurrency market. The importance can't be overemphasized. Just recently, Coinbase provided three interesting trading information for its users. These are:

typical hold time
popularity on Coinbase
trading activity

Note: Typical hold time is the median time that Coinbase customers hold the coin before selling it or sending it to another account or address.

Take a look at the infographics below 👇

Information like this can come in handy for instance, it can help you find Cryptocurrencies that are currently in demand – the hot cakes 🔥, you can use it to your advantage as well. There's so much we can do with data these days.

PS: Source 🔗 CryptoDiffer Sharing here... Might help some traders make more informed picks.

Topic: Here are the Top 15 Cryptocurrencies according to Coinbase users (Read 176 times)