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Title: LTC trade volume much higher than BTC ? Post by: wesk1212 on July 09, 2014, 03:44:38 PM I noticed this on the ticker chart few days ago..
is this true? also, as time goes by more merchants and people are accepting bitcoins. if this is true, shouldn't the volume of BTC be increasing? one day the volume of BTC is like 5000 and few days later it's like 15000 and next 3000. I mean why does it not stableize or show a correlated increase? Thanks in advnace. Title: Re: LTC trade volume much higher than BTC ? Post by: LiteCoinGuy on July 09, 2014, 03:58:26 PM maybe the chinese buy and trade all the LTC. they love it, like they love silver :)
Title: Re: LTC trade volume much higher than BTC ? Post by: Wulfcastle on July 09, 2014, 04:05:01 PM I've never seen LTC trade volume higher than BTC (in terms of BTC traded), unless of course you mean :
In 24 hours : 20 000 LTC volume / 3000 BTC volume Title: Re: LTC trade volume much higher than BTC ? Post by: keithers on July 09, 2014, 04:53:29 PM I have seen LTC volume higher (in terms of BTC) on BTC-E than Bitstamp's BTC volume (or BTC-E's BTC volume)...
I think it has happened several times. Title: Re: LTC trade volume much higher than BTC ? Post by: DannyElfman on July 10, 2014, 01:56:34 AM I've never seen LTC trade volume higher than BTC (in terms of BTC traded), unless of course you mean : If this was the case then, you need to remember that one BTC is worth over 80 LTCIn 24 hours : 20 000 LTC volume / 3000 BTC volume Title: Re: LTC trade volume much higher than BTC ? Post by: wesk1212 on July 12, 2014, 09:58:35 PM I've never seen LTC trade volume higher than BTC (in terms of BTC traded), unless of course you mean : If this was the case then, you need to remember that one BTC is worth over 80 LTCIn 24 hours : 20 000 LTC volume / 3000 BTC volume volume has nothing to do with price. volume would be number of trades Title: Re: LTC trade volume much higher than BTC ? Post by: DeathAndTaxes on July 12, 2014, 10:01:34 PM volume would be number of trades Volume is not the number of trades but the number of "units" traded. A single trade of 100 LTC would add 100 LTC to the daily volume. Volume can only be compared in consistent terms. Saying 20,000 LTC is higher volume than 5,000 BTC would be like saying a million pennies is more than a 1 ton of gold. |