Bitcoin Forum

A cursory glance at Exchange volumes shows an interesting trend. More coins are part of the top 80% volumes. While the dipping volumes are a concern, this trend of greater inclusiveness is an excellent indicator that the markets are gradually maturing and the Crypto Community is spreading beyond BTC and ETH.

first of all the volume is still highest in bitcoin and that has never changed and will not change any time soon because every person in this market has bitcoin but only a small percentage of them go for altcoins also.

also the volume among altcoins only go up when that altcoin is either rising or falling. so when you see the higher volume in a coin next time check its price movement. for example when it is getting pumped 500% in that day, it obviously is attracting a lot of volume. that doesn't mean "the community is spreading beyond bitcoin"! it just means that particular day the pumpers went to that particular coin and the next day that coin will be dead as it always is!
you can't judge a coin based on its one day performance after all.

even though bitcoin still has the highest volume, there are a lot of people who go to altcoin to support their profits, but not everyone does that, which causes the altcoin volume to rise dramatically and unstable, but the turnover on bitcoin is still the best

Absolutely agreed on both points on one-day performance not being an indicator and the skew could be due to such pumps as well as dumps. The spread will increase with passing times though nowhere am I indicating that BTC will not stay the Leader for a long time to come.

interesting information, the rise of the community in the crypto domain was a big conversation. I am happy to hear this

the volume will recover gradually, it only takes until the middle of next year, because not too much volume is increasing, especially many new coins are registered in many markets.

The key is to continue believing in the power of the technology. The rest is destined Northwards.

Volumes are increasing due to the demand and the timing.

If you happen to see what's on it right now, we just came from a bear market and believed that its all done. And the market itself is underlying through bitcoin so its not a surprise if most of the volumes are getitng inclusive with it.

There is a bad thing though. It doesnt take long to stay there.

A year or some of it just takes 6 months and suddenly it becomes dust. That is the bad side and who likes that kind of volume, specially when you are an investor and was left alone without any warning.

I have been a victim of that. I dont really know who dumped too much and left with just dust to exchange. Somehow it gave me a good lesson.

Never ever be attached with an altcoin. If you want long term then go bitcoin.

that's could say that price recovery is done for now, and I hope that it will be better to step on the year to come, but still, the biggest cryptocurrency turnover is still done by BTC and ETH, they are like landlords every time the exchange runs

very good thinking, as if there is currently no volume monopoly, everyone feels a loss, it is very inclusive and this is one of the real developments in crypto

do not forget about ripple. this year It showed himself much better than etherium. a lot of news / partnerships and so on.

For example, people do not have enough money to invest in BTC or ETH, but there is a strong desire to invest in crypto, so they choose less expensive altcoins to invest in.

Technology is a must and it can't be erased for those are not following it will have needed to pay a lot in the future. Remember about the dotcom bubble and how so many people were believing if that was another crap but in fact that gives a lot of benefits right now. People need the more time to understand about what the technology is.

The key is to develop more applications and drive adoption. It is inevitable. It is only a matter of time.

It's not only about more applications, but about better applications. So far there isn't a single app that has blown me away.

I do not know what you are talking about because bitcoin and eth still represent the majority of the market volume if you do some research btc alone represents over 50 percent of the total market volume so all the altcoins still represent less percentage. On the other hand i would like to see market grow to 1000 billion market cap it will be exciting to see all these volume and market cap stats of major coins at that level.

You can go back 12 months or so and check what it was when overall market cap was at $800 billion or so. It's roughly the same what you are asking for.

I also like the fact that there is a wider distribution of money among cryptocurrencies. I have seen this thousand of times.. BTC may be a pioneer, but there will come a day when it its replaced. Comissions too high, fake decentralization (most hash power among few mining groups), slow transfers...

Volumes are still very low compared to the end of 2017. Many exchanges are creating fake volume just to enter the rankings. For now, I don't think these volumes can be taken as an indicator.

Yes it's good to see the market kinda stable now but it still looks like the Bull is not still strong up till this moment,  just few hours ago the market seems to be heavily pulling back to its initial support which is not too good

You can take coinmarket cap as reference it might have approximate current market cap value ut sometimes the prices and volumes can be faked so you need to check the particular exchange and other price indicator sites to compare both the values.

Yes very interesting, we all are looking forward for another bull run which does not happen in just a day it start just like this and before we know everything we be as we all are hoping for and trust bull run is gonna happen this year, all we need is just not to give up on what we are doing with crypto.

Why, then, in the crypto market created so many projects? I like to trade little known coins because the spread on them can be very good, and this gives a decent profit from trading. That is what makes me learn new coins and use them in trading.

It is because different teams see different possibilities to use blockchain and then there are also a lot of copycats by some teams who just fork a coin and hope to sell it to someone else.

Well, this is the new way to take other people's money with fake forks. Last month, 2 scam ETH forked announced in the forum and both news was denied by ETH developers. ETCV made big bounty here in the forum and they increased their bounty pool to 4% of forked coins that created with the snapshot of ETH network.

It comes in waves.
When people flock to btc for stability, they will then start distributing it out more.
Right now, we are seeing volume moving towards solid projects.
At this point, most crypto investors have been in it for a year and are learning their lessons.
We haven't had a fomo train for a whole year now and those invested are learning how to manage the bear market.

But, this is also bad news for those who like to trade lesser known lower volume coins.
All it takes is just a couple months of low volume to completely kill a project.
Last year we even saw binance delisting coins, another sign of death.

Especially for newly released ICOs, low volume will absolutely destroy the company's future.
And if it is only on a dex, then it might as well have never been listed at all.

Certain. The crypto volume continued to rise little by little. This is because of the enthusiasm of the world community towards technological developments and prestige. This is the result of the hard work of people who spread crypto to the public. And I am sure, their hard work will be paid off with the increasing number of people who enter and recognize cryptocurrency.

I would refrain from supporting projects with unreal bounty pools. 4% is just too much for a serious project. Nobody would give away that much.

Wow! I love the coinmarketcap today! bitcoin and other crypto goes increase again, which I find good since I will going to receive payments later. I would like and hope soon it will continue to go up further.

Not too much of a positive signal in my opinion. We could need some very substantial moves to confirm any trends.

The rest of the coins are of course still far from bitcoin, but I also noticed that many of them have a good trading volume. I'm glad that people are now fixated not only on bitcoin.

Bitcoin or altcoin volumes will always be high even though prices are falling, you will always see that fact. because the volume has been formed from time to time until now it's getting stronger and higher.

Day in day out we get to see some new development in crypto that make us to believe the future of cryptocurrency even though many are still skeptical about the future.

The price of Bitcoin and all Altcoin in the last few days looks good and sometimes the price of pumping. But the decline also happened and this, of course, made us have to be more careful and play fast. Trading every day can generate profits, even if the results are small.

It just looks a bit more stable than before and that's it. Nothing has changed honestly speaking. A lot more trading is needed to confirm a change.

They are not so different from ICO scammers then if they have to fake volume to stay relevant, after all, it is not a must to run a crypto exchange site if they can’t do their work diligently and this is one of the reasons why the market is still the way it is now, no much transparency from the part of ICO down to the exchanges.

I understand that it is not so easy to run a business that is why it is necessary first for a project director to do his feasibility sties first before venturing into it.

If we assume that there is really a great exchange with strong security and perfect user experience but they lack liquidity, they often see no other way to fake volume and raise awareness. As long as they don't steal money and run off I don't really care. I am not advocating it but it's not as bad as a scam ICO disappearing with millions of dollars.

The volume of bitcoin in my opinion will never be replaced, the volume of bitcoin will remain stable in the first position according to the coinmarketplace. Indeed, a few months ago the volume of bitcoin and altcoin fell by 50% but after that rose again, because the market correction continued

I think that the volumes will fall again because many analysts said that the bottom is still ahead. you just need to try to survive these times

Well, you just cannot anticipate exactly and to 100% precision as what would be coming next. And it is interesting to know how the next Bull Run will impact the market in many ways. New coins might emerge again and new ideas to make business around the technology.

Hodlers might make and cash out big money and those who have already said good byes to the cryptocurrency era might revert back.

It is a great indicator of new-forming and smaller projects gaining attention and money, too. Some of them are managing their projects very well even in not that affable times for the field. People see their amazing progress and they are less and less afraid of investing in their future. The greater diversification of their spheres, the greater volume of more potenital investments  ;).