Over 100,000,000,000 In Volume - page 2.

jack8989

member

Activity: 331

Merit: 10

StartFi

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

I don't see anything bad here. A potential market always attracts many potential businesses and after a while, the whole market will become bigger than ever.
If you continue with this momentum, sooner or later, we will see the crypto market rise to 1000 billion dollars like the end of 2017 soon.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: rafi035 on July 27, 2019, 03:17:56 AM

It is very reasonable and will increase again as the crypto economy grows, now many people know what a cryptocurency is they will try to invest there and aim to produce and market the economy will continue to grow.

It is still a good time for investors to come now, the market is down and they have a great chance of buying cheap assets, not only bitcoin but altcoins too.
With the adoption, the volume will continue to increase but it will take time, as of now we can see that the volume is really big but majority of that volume are own by investors, therefore it cannot be stable since the market changes, that volume could pump and dump just like the price of the coins in the market.

rafi035

sr. member

Activity: 854

Merit: 250

It is very reasonable and will increase again as the crypto economy grows, now many people know what a cryptocurency is they will try to invest there and aim to produce and market the economy will continue to grow.

Bitcoinjheta

full member

Activity: 798

Merit: 104

Quote from: Russlenat on July 25, 2019, 04:51:47 AM

What's your basis on the volume you are saying? I don't see it somewhere, even at https://coinmarketcap.com/.Today

Total volume based on the above link was only $59,849,035,349.

Indeed, Coinmarketcap is one of the legitimate market that tell us the global market capitalization in cryptocurrency.
Furthermore, it is here were you can see more people willing to take the risk of their money because they believe they can easily double their money.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: odolvlobo on July 24, 2019, 06:35:45 PM

Keep in mind that 99% of that volume is fake (as a rule of thumb).

About what thumb rule you are talking about ? 99% ? Are you sure ? Do you know one thing fake volumes are not just new due to crypto markets. Forex and stock markets are generating fake volume for hundreds of years still their are continuing to be existing. I mean fake volume is a old practice to lure investors. Unlike you mentioned it cannot be 99% as crypto markets are now more than 10 years old and there are enough number of traders to generate decent trading volumes.

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

do you think this is a good or bad thing for the economy and where is the market headed to next?

It will be definitely good for crypto economy and for a country's perspective it will be just another factor they might need to consider to design their policies as crypto markets are too small to produce impact on a country's economy but if governments fail to regulate it in favor of tax generation from crypto start-ups which may give them bad impacts in long term.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: odolvlobo on July 24, 2019, 06:35:45 PM

Keep in mind that 99% of that volume is fake (as a rule of thumb).

Lots of people being blinded by numbers and easily believe on what they are seeing everytime.Later on with further research

they would completely agree into this line.Everything is fake,there might be some volume but we wont see these big numbers.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

Yeah, I was shocked when I read it was over 100 billion dollars and went to check coinmarketcap and saw that it was around 60 billion indeed. I mean maybe it has grown, I don't really check the volume so I don't know how much the volume has gone up or not but 60 billion in a 260 billion market is quite a lot. I doubt there is movements in other markets that is %25+ of the whole market cap, like stocks are about 7-10 trillion dollars in USA and I doubt they have 2 trillion dollar changing hands every single day, that would have been crazy.

This is why we are so volatile, when the movements are that big in a smaller market than it is quite easy to shift the price to whichever direction you want as well. I remember just a year ago it was closer to 20 billion dollars and price didn't move that much whereas right now with 60 billion dollars it is making superb changes all the time up and down. We need more stable market which requires lower volume but that would also mean not that many buyers which is sad.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: odolvlobo on July 24, 2019, 06:35:45 PM

Keep in mind that 99% of that volume is fake (as a rule of thumb).

I believe it's 95% Tongue

OP, my point is, don't believe in such huge volume. Only top exchanges have substantial real users, and the rest is powered by bots. Plus there is bitfinex tether scandal that you should know about.

barbara44

hero member

Activity: 2548

Merit: 605

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

Those volume would not have been a bad thing if they were really being use for the main purpose they were created for, but from tat volume, how many is the real volume too, we have some fake volumes inside, and majority of the volume you see inside that figure are already dead volumes, if the volume was high and from a genuine projects, it would have been a very great thing, because it shows that cryptocurrency is fast growing.

I think we will continue with this growth until we record over trillions of volumes found in the total market, by this time, maybe bitcoin would have started gaining more adoption and heading towards becoming stable. Out of that volume, I am sure that only about 50% of it is really being used and still active. I hope that with time, those volumes will increase out of genuine purpose.

rose9696

member

Activity: 770

Merit: 10

https://streamies.io/

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

The current market capitalization of the crypto market is $ 275,879,028,523, which is not a large number compared to the centralized financial markets but it is quite large compared to the decentralized markets.
This is certainly a good thing and I believe that the decentralized market will be the place to gather many millionaires and billionaires in the future.
They will earn a lot of money here and can trade anonymously at any time without being controlled by the government.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

Basing on the economy of a country, it would have a bad side because the money will not circulate on the traditional market. Though it's has an impact only if most people in a nation is using cryptocurrency and will have high profit in it.

Russlenat

hero member

Activity: 2716

Merit: 904

What's your basis on the volume you are saying? I don't see it somewhere, even at https://coinmarketcap.com/.Today

Total volume based on the above link was only $59,849,035,349.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

There are a lot of great developers who are interested in creating market makers, and they are achieving that, they develop bots and automatic traders for that. Maybe the reason why they do that is to get rebates from the exchange and get the refunded fees. It would be great to use that to your advantage, whether or not it's going to be letting you profit, it benefits the exchange entirely. The speed of the API connections might be the problem, though.

Anyways, the reason that's my introduction because it's why it has a large volume. All over the world, they are using bots to trade for them. Probably they are consistent with that gains. Imagine the volume, that would be a lot. It's reasonable that it arrived at that large amount of volume being traded.

elda34b

sr. member

Activity: 910

Merit: 351

I would not say 99% of them are fake, but I do believe that some volume aren't real. Look at P2PB (CMIIW) and another exchange like that. Almost all of their volume are fake, but there's not that many crazy exchange out there.

Look at the top 10 exchange based on user visits, that should give better insight about market volume instead of CMC.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Keep in mind that 99% of that volume is fake (as a rule of thumb).

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

The market seemingly has over 100 Billion in volume and growing as of today

Base on what I've seen on the 24h volume on coinmarketcap, it says around 64 billion.

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

do you think this is a good or bad thing for the economy and where is the market headed to next?

It's a good thing that there's a big volume and it should grow by time. And if this will continue, we're aware on where the market is heading. We have witnessed many times of falling and rising and we're just going back to what we have seen before.

Quote from: mrquackquack on July 24, 2019, 03:33:10 PM

Speculations and thoughts?

If you are for the Speculations, check the Speculation board. There's plenty of it there.

mrquackquack

member

Activity: 1204

Merit: 10

The market seemingly has over 100 Billion in volume and growing as of today, do you think this is a good or bad thing for the economy and where is the market headed to next? Speculations and thoughts?

Topic: Over 100,000,000,000 In Volume - page 2. (Read 598 times)