Topic: How big this market really is? - page 2. (Read 15107 times)
Let's talk about reality. We have a very big market right now and now it's become bigger because many merchant are start to accept butcoin and other cryptocurrency. I think this is the result of bitcoin popularity ans the power of social media. Crypto doesn't need any promotion like tv commercial or big posters along the highways. Bitcoin is already popular I think this is the reason why earn a big market.
Oh definitely. If a certain person or entity is planning on buying a huge amounts of bitcoin(we're talking multiple millions-billions), chances are they won't use exchanges like Binance due to the liquidity probably not being enough. Instead, they do OTC probably with the people who handle exchanges, and probably with big-scale miners.
Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
Is there any organization or association, any group of people who is tracking OTC transactions? May it could give positive outcome if the crypto society would know such things, if someone bought huge amounts of BTc I think other traders would be awake and a bull could happen in an instant.
Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
I know it's impossible to determine the exact figure but I believe it's higher compared to the total amount being traded in all combine exchanges.What's your opinion?
If that's the case then there is no need to go back again in again to coinmarketcap to see changes in the whole market. Oh I feel sad knowing we are just blind and don't know what is really happening. Someone light us up.
We are talking about billions of dollar in the market so what can you say about the figure? Isn't it obvious that market is really that big and establish? Bitcoin itself can go to more than 100B of dollars so how much more if add up to other crypto markets?
Thus, many are earning on it and many also made some losses. It will depend on what strategy you will take to avoid losses.
Thus, many are earning on it and many also made some losses. It will depend on what strategy you will take to avoid losses.
As I've stated and you've stated (bolded)...the only time OTC activitiy influences supply is when demand (or supply for that matter) dries up and seller/buyers head for the exchanges, i.e., transactions occuring over the blockchain.
That seems to imply that the OTC market plays an important role: It absorbs real supply and demand, which inevitably affects spot prices.
If the transactions don't occur over the blockchain, they don't exist.
I don't get it. Let's take an example.
Person A puts a sell order for 300 BTC on Bitfinex's OTC trade desk. Person B puts a sell order for 300 BTC on Bitfinex's exchange order book. Both orders get filled.
What's the difference?
With P2P (the original feature on cryptocurrency), I think there are so many transactions that's not reflected in the crypto market. Because, P2P transaction performance's able to place crypto users to control their own money (without third parties) in the form of crypto, especially bitcoin. Meaning, it's clear that P2P transactions will not be classified into market-cap maybe that's not all. But I'm very sure, only a blockchain that can record all transactions that occur.
May be it s a fake news..I would to know if is Circle basically Goldman Sachs?
I'd argue that OTC trades aren't transactions that are worth tracking. If they don't hit the blockchain they aren't influencing suppy, demand, or the price, no? These OTC trades are just the exchange moving bitcoin one paper from one person's account to another. Nothing's been exchanged, it's an accounting adjustment in the IOU that is banking acounting.
the OTC market absolutely affects supply and demand. it's an avenue for buyers to accumulate and sellers to distribute, especially in large volumes. it's important because when OTC supply dries up, buyers head for the exchanges. when OTC demand dries up, sellers head for the exchanges. this can have a big effect on supply and demand.
As I've stated and you've stated (bolded)...the only time OTC activitiy influences supply is when demand (or supply for that matter) dries up and seller/buyers head for the exchanges, i.e., transactions occuring over the blockchain.
If the transactions don't occur over the blockchain, they don't exist.
Circle Executed $24 Billion in OTC Trades in 2018
source : https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
There are a lot of transactions through OTC and based on the above article OTC transactions are not reflected in the cryptocurrency market https://coinmarketcap.com/ since there is OTC does not require 3rd party like crypto Exchanges.
I was thinking, maybe there are bigger transactions done through OTC combine, compared to the total marketcap now which is $130,315,196,527 •
What's your thoughts on this?
source : https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
There are a lot of transactions through OTC and based on the above article OTC transactions are not reflected in the cryptocurrency market https://coinmarketcap.com/ since there is OTC does not require 3rd party like crypto Exchanges.
I was thinking, maybe there are bigger transactions done through OTC combine, compared to the total marketcap now which is $130,315,196,527 •
What's your thoughts on this?
The Crypto market is definitely large, many coin comes in, almost every day and the market as a whole will be large in the figure you just put in might be on your own speculations because I know it's going to grow bigger than this.
Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
I know it's impossible to determine the exact figure but I believe it's higher compared to the total amount being traded in all combine exchanges.What's your opinion?
I dont think so, in my opinion a lot of BTC traded through OTC is also about the same as daily volume. if it's bigger, then it can cause suspicion given that bitcoin transactions can be seen publicly. Thos people who traded it wouldn't give any risk in this case
The total number of bitcoin being traded can not be calculated base on the fact that the figure on coinmarket is only representing the amount of trade that pass through an exchange like binance and the rest, there are lots of trade being carried out through OTC and those trade are decentralized without any record or third party.
The current cryptocurrency market is very large and very much created, as seen from the coinmarketcap data that provides data that there are 227 exchange places currently widely used to exchange digital currencies such as cryptocurrency, so that the number of 227 exchange places is already so much extraordinary .
The truth is cryptocurrency market cap is just a baby compared to stocks total market cap that reaches to multi-trillion US dollars. Cryptocurrency market cap today is about 130 billion US dollars upon this writing. Imagine how small this compared to the stocks market cap. In the last bull run the highest cryptomarket cap reached about 800 billions US dollars and did not even reached a trillion. However many experts on cryptocurrency are projecting a big turn up in the next bull run that will break records in the market cap of the entire world.
Well, these are all speculations and they will remain so until we see them come to fruition. We await the next bull run and whether it comes sooner or later i still believe cryptocurrencies will grow steadily in terms of market capitalization if we give it time for mass adoption in the coming years.
The truth is cryptocurrency market cap is just a baby compared to stocks total market cap that reaches to multi-trillion US dollars. Cryptocurrency market cap today is about 130 billion US dollars upon this writing. Imagine how small this compared to the stocks market cap. In the last bull run the highest cryptomarket cap reached about 800 billions US dollars and did not even reached a trillion. However many experts on cryptocurrency are projecting a big turn up in the next bull run that will break records in the market cap of the entire world.
I was wondering ... Are decentralized exchanges also in OTC market? If so, then probably everyone noticed that lately a lot of DEXs show up on the market. This means that the OTC market will grow very fast. Maybe in two - three years OTC market gonna be bigger.. Who knows..
It could be much bigger than the value on coinmarketcap site. OTC market can not trace and i think its much bigger if government regulate bitcoin trade. But i dont have enough knowledge about OTC market and i think if combine with market on coinmarketcap, maybe market cap value bigger than appears
Big amounts for sure. This market is still in its infancy and i strongly believe you will have investors investing large sums in OTC trades. I would think a billionaire would skip an exchange and deal with the owner of the exchange directly.
the only reason companies like circle are publishing such numbers is because say there is a 0.1% fee..
its telling investors of companies like blockstream that their 'liquid' otc swap software. made companies like DCG.co
$24,000,000 ROI on the investment of dev teams making otc software
its telling investors of companies like blockstream that their 'liquid' otc swap software. made companies like DCG.co
$24,000,000 ROI on the investment of dev teams making otc software
Circle Executed $24 Billion in OTC Trades in 2018
source : https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
source : https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
this is the first time i've ever seen an OTC broker publish their volume data. thanks for sharing!
$24 billion from a single broker is actually pretty impressive if you compare to the spot market and account for all the wash trading and leverage.
I'd argue that OTC trades aren't transactions that are worth tracking. If they don't hit the blockchain they aren't influencing suppy, demand, or the price, no? These OTC trades are just the exchange moving bitcoin one paper from one person's account to another. Nothing's been exchanged, it's an accounting adjustment in the IOU that is banking acounting.
the OTC market absolutely affects supply and demand. it's an avenue for buyers to accumulate and sellers to distribute, especially in large volumes. it's important because when OTC supply dries up, buyers head for the exchanges. when OTC demand dries up, sellers head for the exchanges. this can have a big effect on supply and demand.
We may never know as not all OTC trades and transactions are recorded unless one party conveys how much they bought/sold in a single instance. Most whales are probably doing OTC trades when they are buying so as not to affect the tempo of the market, because if they bought directly on exchanges, there'd be a significant price increase if they decided to buy thousands of coins at once. Same in selling if they don't want to intentionally crash the market, they'd go OTC to keep things stable on the markets.
The OTC market is going to grow as this becomes a popular way to trade. More companies will offer this service for big investors, especially is the bakkt is continuously delayed. It has been pushed back to Q1 2019
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