Over 100,000,000,000 In Volume | Bitcointalksearch.org

Saisher

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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?

Of course, this is good, the market is showing a positive sign, this is all that we wanted, it just shows the market is growing many people are turning to Bitcoin and converting their fiat to Bitcoin and other Cryptocurrency, there are a lot of programs being created dedicated to Cryptocurrency and accepts cryptocurrency as payment.

auntyjmary

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In economic terms, high volumes of any commodity or asset such as in the case of cryptocurrencies would have been a positive sign of growth. Unfortunately, here is the case where many exchanges strive on hype and provide fake volumes in order to attract more traders on their platform.

barbara44

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Quote from: TIDOVEE on September 02, 2019, 02:56:14 PM

it is not always true,often time most of those values are hyped to attract traders and wanting to gain attention and position in the coin market. probably most of them make a overtargeted volume of hard cap,but when they unfortunately could not meet up it becomes an issue against fair distribution. some are moderate and real

This is why we see many of those exchanges and projects falling because they live more of fake lives by lying a lot, and even to their whitepaper., they lie so much to make people believe in their project which they eventually are not able to meet up, after which they die down. Most of those volumes that you see are actually not accurate like you said, and many people knows this, they do that to tie people’s investment and trade down unnecessarily.

I know that many of these exchanges that we have seen has used those styles in one way, but that was when ICO was still ICO, there were so many trader and investors then looking for trading platform, so it does not take that long for them to build a genuine users, but now, where we have so many competitors with low investors or users, those fake volume would not work again.

fullhdpixel

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There are so many places that also suggest doing volume by the coin owner themselves. I have been part of one, the exchange says there is a minimum volume requirement and they give you this software where you put your API and so forth in and you put some btc and the coin you want in and you just let it work 24 hours, you tell it to make whatever volume you want (ours was over 200 bitcoin a day) and it does it constantly, it doesn't change the price much, it just moves between the spread and sells and buys to itself so it doesn't lose money except the fee but aside from that it works perfectly.

Now, think about how much of that goes around in all exchanges, all these new coins are doing volume all by themselves, there are millions of dollars (over 50+ million I am 100% sure) for basically nothing every single day.

TIDOVEE

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it is not always true,often time most of those values are hyped to attract traders and wanting to gain attention and position in the coin market. probably most of them make a overtargeted volume of hard cap,but when they unfortunately could not meet up it becomes an issue against fair distribution. some are moderate and real

DTalk

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Quote from: elda34b on July 25, 2019, 12:50:40 AM

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.

Even the top exchanges volumes are fake as well. Most exchanges do trade by themselves for 2 reasons, to make money against their users or to have bigger volume. Not 99% are fake, but it will not be less than 60-70%, I follow some trading pattern in most exchanges and all of these looks like fake, fishy.
Since there's no realtime data tracking system (public) for every trades, it's easy to manipulate a market. Exchanges are doing that because they hold one of the biggest bag (whale).

omonuyak

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Quote from: elda34b on July 25, 2019, 12:50:40 AM

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.

The volume at the coinmarketcap are most time not real because many manipulators do manipulate their coin/tokens' volume in other to show it in coinmarketcap.
The volume we see in exchanges sometimes is also manipulated and the best thing to do is to trade base on insight instead of depending on those volume.

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Quote from: Oilacris on July 26, 2019, 10:33:01 AM

Quote from: odolvlobo on July 24, 2019, 07:35:45 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.

You are right, “people see what they want to see,” so many people look at the statistics of coinmarketcap and think that these are real volumes of trade. But those who have ever traded on exchanges and have been using cryptocurrencies for a long time know that most exchangers create the appearance of trading and artificially inflate trading volumes in order to take a higher place in the rating and sell their services more expensive. By the way, it must be said that over-the-counter trading has much larger volumes and are not artificially high.

davinchi

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11K is nothing too serious to pass anyway, I mean we can be 11k tomorrow and 9k the next day and 11k again right after that and nothing would change, those are easily achievable numbers if you ask me. However, if you are looking into more about the volume deal I am pretty sure you have to actually make a decent amount of volume to even consider only a slight part of it real.

Looking at the numbers above we have between 88% to 95% as fake volume and lets be more optimistic about this and say between 80-90% is wrong that means only 10 to 20 billion dollars of the volume is real and between 10-20 there is a big difference but even than we have at most 20 billion volume. That is not really that huge, a lot of volatility comes from that kind of low volume because people who have a lot of money can do one huge move and because we lack volume to keep them in check the price moves wildly.

RealMalatesta

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Quote from: Bitcoin Seller on August 24, 2019, 02:18:08 AM

Quote from: mrquackquack on August 03, 2019, 10:49:01 PM

Any chance Bitcoin will eclipse the 11k price point in the near future?

I would not even start to worry about it. Yes, for sure, it will happen. I am expecting for the fast run of BTC this year. Suppose, when autumn comes, people will become more active as, expecting for a traditional rise of the market close to December, they will start investing in Bitcoin more.
Probably, even the dominance of the mail cryptocurrency will reach 70-72% at this time.

The fact that bitcoin rose December 2017 does not mean that is the pattern that it will always follow because I think that is the more reason why people has been picking on that, but let’s look a December 2018, why didn’t the price of bitcoin rise then? On my own personal opinion, I even feel that the period of December is when the market will not move because many people will want to use their fiat to celebrate the season then, which is the season of Christian, except the Islam brother among us that will be putting money.

I think that this mentality of December is quite wrong, bitcoin could rise at any time, it could even be this night, tomorrow, next or anytime that we have any news or any big investor decides to put large amount of money into the market.

Febo

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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?

Most of volume on exchanges is fake. Exchanges wants to look legit and they wash trade to attract more traders. Coin issuers, want that their coin looks liquid and they wash trade it to attract more people buy it as an investment.

Bitcoin Seller

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Quote from: mrquackquack on August 03, 2019, 10:49:01 PM

Any chance Bitcoin will eclipse the 11k price point in the near future?

I would not even start to worry about it. Yes, for sure, it will happen. I am expecting for the fast run of BTC this year. Suppose, when autumn comes, people will become more active as, expecting for a traditional rise of the market close to December, they will start investing in Bitcoin more.
Probably, even the dominance of the mail cryptocurrency will reach 70-72% at this time.

babysweetTiger0401

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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?

Most of the time if the total supply of the coins is 1 billion token or more, usually their price has no chances for them to increase higher as everyone expecting it. Unlike the total supply is limited only like Bitcoin, NRG, and etc. Or sometimes it depends on the activity they have for the coins in the market.

mrquackquack

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Any chance Bitcoin will eclipse the 11k price point in the near future?

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Quote from: odolvlobo on August 03, 2019, 10:08:17 PM

Quote from: odolvlobo on July 24, 2019, 07:35:45 PM

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

BTW, here are the sources. The first reports 88% as fake and the second reports 95% as fake. I'll admit that 99% is an exaggeration, but I like to play it safe.

https://medium.com/crypto-integrity/fake-volumes-in-cryptocurrency-markets-february-report-fec9329f1f98
https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

This is also a good read: https://hedgetrade.com/bitwise-exchange-report-raises-questions/

So we are not really looking at 100B in volume here. For sure, more than half is really fake because of wash trading that is rampant in every exchange. We can't tell the exact figures but we know that crypto market is growing. We just don't know the real numbers in play.

odolvlobo

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Quote from: odolvlobo on July 24, 2019, 07:35:45 PM

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

BTW, here are the sources. The first reports 88% as fake and the second reports 95% as fake. I'll admit that 99% is an exaggeration, but I like to play it safe.

https://medium.com/crypto-integrity/fake-volumes-in-cryptocurrency-markets-february-report-fec9329f1f98
https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf

This is also a good read: https://hedgetrade.com/bitwise-exchange-report-raises-questions/

bryant.coleman

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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 am not sure how much of this is fake volume (a number of Chinese exchanges are very infamous for inflating their trade volumes) and how much is automated by the bots. The real volume may be just a fraction of this number. And also, the figure we had one week ago was probably an outlier. I have checked the 24 hour trade volume in coinmarketcap, and it is showing a figure of around $50 billion for all the cryptos, and $16.6 billion for Bitcoin alone. One interesting thing that I have noticed is that Tether is now having a higher trade volume ($17.3 billion) when compared to Bitcoin.

And this raises a few uncomfortable questions as well. How can a currency with a market cap of $4 billion have a 24-hour trade volume of $17 billion?

aioc

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Quote from: odolvlobo on July 24, 2019, 07:35:45 PM

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

That's true it's an old practice, newbies are being deceived that they are buying coins that are in demand in the market when they are not, be sure to do your own research, that the coin is not a pump and dump coin and it's backed by a product and platforms.

inoes

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Quote from: odolvlobo on July 24, 2019, 07:35:45 PM

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

in simple terms if volume increases, means crowded market activity.for manipulation case is yes or not, we need to look at the type of coin. because some coins are difficult to manipulate like BTC, ETH and altcoin top. they need big funds if they want to play the price.

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Quote from: SquallLeonhart on July 26, 2019, 11:42:47 PM

Quote from: odolvlobo on July 24, 2019, 07:35:45 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.

No, he is not, that's why he said 99 and not 99.9%.

So, Forex and stocks are faking volume, well, then crypto can also do this, right, because it's the norm!
But forex and stocks are bad cause they are manipulated, cryptos are also manipulated but it's not bad because...
I love the logic of crypto zealots, sometimes reminds of whataboutism, the level of fanaticism is almost the same.

Another interesting part is the age, so you need a certain amount of years before you fake stuff.
Only when you are on global levels, you start to fake volume to attract investors, not when you're new in business.
Oh, yeah, fuck logic.

Speaking of fake volume, let's look at the leading exchange:

https://coinmarketcap.com/exchanges/bitmax/

9,4 billions, out of which 9,2 billion are out of stable coins

Paxos Standard Token Paxos Standard Token PAX/USDT $7,143,917,013 $1.00 75.54%
USD Coin USD Coin USDC/USDT $2,171,084,456 $1.00 22.96%

Of course....nothing fishy..
I mean, it's normal for people to transact 9 billion in stable coins at the fixed price of 1$ not a million of a cents above or below....

Grin

Let's see if there is somebody that believes this is real, raise your hand!!!!
Before you do:

https://next.autonomous.com/thoughts/crypto-bitmax-and-15-billion-in-phantom-daily-volume-from-transaction-mining

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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.

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Quote from: rafi035 on July 27, 2019, 04:17:56 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

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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

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Quote from: Russlenat on July 25, 2019, 05:51:47 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

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Quote from: odolvlobo on July 24, 2019, 07:35:45 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, 04:33:10 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

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Quote from: odolvlobo on July 24, 2019, 07:35:45 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

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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.

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Quote from: odolvlobo on July 24, 2019, 07:35:45 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

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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.

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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.

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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

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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

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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

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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

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

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Quote from: mrquackquack on July 24, 2019, 04:33:10 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, 04:33:10 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, 04:33:10 PM

Speculations and thoughts?

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

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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 (Read 579 times)