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Title: coins must be judged by VOLUME not marketcap Post by: evergrow on August 09, 2014, 01:48:02 PM marketcap is not a good factor to judge a coin's worth. volume, obviously, is the important factor.
THIS is the REAL list: https://i.imgur.com/bPMsvDA.png Title: Re: coins must be judged by VOLUME not marketcap Post by: Lauda on August 09, 2014, 01:50:07 PM Volume is more easily manipulated than marketcap. Bitcoindark/cloak/stellar are very bad and them having volume means that they are the ones being traded right now, it does not mean that they are any good.
Title: Re: coins must be judged by VOLUME not marketcap Post by: lemfuture on August 09, 2014, 01:52:28 PM the only coins that're consistent when it comes to volume in the last year of my observation is BTC n ltc
Title: Re: coins must be judged by VOLUME not marketcap Post by: evergrow on August 09, 2014, 01:54:40 PM Bitcoindark/cloak/stellar are very bad This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good. I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see. Title: Re: coins must be judged by VOLUME not marketcap Post by: Lauda on August 09, 2014, 01:58:55 PM This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good. You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see. Looks like cloak was/is being abandoned. Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known. The volume just shows where the whales are having their fun. Let me add that I had cloak and sold it at the recent high. Title: Re: coins must be judged by VOLUME not marketcap Post by: evergrow on August 09, 2014, 02:02:15 PM This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good. You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see. Looks like cloak was/is being abandoned. Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known. The volume just shows where the whales are having their fun. Let me add that I had cloak and sold it at the recent high. LaudaM, you do not understand. Bitcoindark, for instance, has both rise and volume. From my standpoint, this is good. I do not ideologically judge a coin at all - I judge its market value best reflected by its volume. I do not care whether it's called Dogecoin or Bitcoindark or Laudacoin, whether it is premined or not or this or that, I care whether it is traded at a high volume or not. Stellar, for example, is extremely popular and has a high volume, a great market for trading. You must understand that your entire point is of ideological nature, hence completely useless to me. If it's able to increase my capital, it is good. Capital is important to me, not ideology. p.s. bitcointalk-account status does not correlate with knowledge of cryptocurrency markets. why so arrogant? Title: Re: coins must be judged by VOLUME not marketcap Post by: ButtCrack on August 09, 2014, 02:49:25 PM marketcap is not a good factor to judge a coin's worth. volume, obviously, is the important factor. I agree, especially consistant volume please.THIS is the REAL list: https://i.imgur.com/bPMsvDA.png Title: Re: coins must be judged by VOLUME not marketcap Post by: profitofthegods on August 09, 2014, 03:14:07 PM The highest volume you are ever likely to see in any market comes during a crash - when everyone wants to sell.
High volume indicates that the marketcap is likely to be a more accurate indiciation of the coin's real (financial) value, but on its own it tells you nothing. Title: Re: coins must be judged by VOLUME not marketcap Post by: Sumerian on August 09, 2014, 03:15:59 PM Lol, coins must not be judged by 1 factor only. You should do some research before investing in a coin. Are the devs trustworthy and delivering as promised? Is the coin premined? How does the logo look like? What are the benefits of the coin? And even then it's not a guaranteed success.
Title: Re: coins must be judged by VOLUME not marketcap Post by: balanghai on August 09, 2014, 03:18:27 PM It would be nice even to do homework before stepping into a specific currency as you could be burned by a click. :D
Title: Re: coins must be judged by VOLUME not marketcap Post by: Brilliantrocket on August 09, 2014, 03:21:25 PM Daily volume is pretty much meaningless. Shitcoins often get to top 5 volume , for one or several days, then drop off, never to be seen again. Average volume over a month would be a more useful metric.
Title: Re: coins must be judged by VOLUME not marketcap Post by: Mats8500 on August 09, 2014, 03:26:19 PM Volume means a lot. But you can't evaluate a coin only on that aspect.
This is one of the first thing I look at, but you can't evaluate short term trends as it's been said, shit coins can get there with a few days hype, or pumps. However, if you look at the big picture, and see a constant flow of money in a coin, yes it does mean a lot. Just don't take it as the main and only factor. Title: Re: coins must be judged by VOLUME not marketcap Post by: alani123 on August 09, 2014, 03:29:53 PM Thanks for pointing this out. Many people seem to be confused by inflated market caps...
Title: Re: coins must be judged by VOLUME not marketcap Post by: Bobsurplus on August 09, 2014, 03:33:02 PM This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good. You knowledge of the cryptocoins is very limited then. Bitcoindark was created to try and steal some fame of Darkcoin, failed utterly.I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see. Looks like cloak was/is being abandoned. Stellar is just stellar, if you read enough in the past days (probably, hell most likely did not) you would have known. The volume just shows where the whales are having their fun. Let me add that I had cloak and sold it at the recent high. Cloak is surely not being abandoned I can assure you of that. Thay have 8 devs and are always available in the IRC and are coming out with new updates weekly. Just saying. Disclaimer. I own a lot of cloak. Title: Re: coins must be judged by VOLUME not marketcap Post by: Lauda on August 09, 2014, 03:46:06 PM Cloak is surely not being abandoned I can assure you of that. Thay have 8 devs and are always available in the IRC and are coming out with new updates weekly. That's nice to hear. Then someone was misinforming people and that caught my eye as well.Just saying. Disclaimer. I own a lot of cloak. Title: Re: coins must be judged by VOLUME not marketcap Post by: Bobsurplus on August 09, 2014, 03:47:27 PM Cloak is surely not being abandoned I can assure you of that. They have 8 devs and are always available in the IRC and are coming out with new updates weekly. That's nice to hear. Then someone was misinforming people and that caught my eye as well.Just saying. Disclaimer. I own a lot of cloak. Misinformation is an experienced traders best friend. ;) Title: Re: coins must be judged by VOLUME not marketcap Post by: InwardContour on August 09, 2014, 03:48:34 PM I would have never imagined to find ripple in the third position, it's value has increased alot since a couple of months ago, what happened?
Title: Re: coins must be judged by VOLUME not marketcap Post by: big ears on August 09, 2014, 04:29:02 PM Stellar, for example, is extremely popular and has a high volume, a great market for trading. What worries me about Stellar trading is that it's so new it's only on about three exchanges. One of the first two exchanges is only a few months old and I am still worried it could just disappear overnight and steal the huge volume of coins on there. Maybe they are completely legit, but it's always a risk with new exchanges. I admit a few old ones like MtGox are untrustworthy, but more brand new exchanges seem to steal user's coins than the older exchanges. Popular new coins are often only traded on a few small obscure exchanges to begin with. These are not always great markets for trading. Title: Re: coins must be judged by VOLUME not marketcap Post by: ButtCrack on August 09, 2014, 04:50:14 PM Cloak is surely not being abandoned I can assure you of that. They have 8 devs and are always available in the IRC and are coming out with new updates weekly. That's nice to hear. Then someone was misinforming people and that caught my eye as well.Just saying. Disclaimer. I own a lot of cloak. Misinformation is an experienced traders best friend. ;) Traders love FUD, it creates dynamics and dynamics creates profits. Title: Re: coins must be judged by VOLUME not marketcap Post by: ButtCrack on August 09, 2014, 04:55:26 PM The highest volume you are ever likely to see in any market comes during a crash - when everyone wants to sell. High volume indicates that the marketcap is likely to be a more accurate indiciation of the coin's real (financial) value, but on its own it tells you nothing. As said by others, it also pays off to have a look at forums of different projects. Title: Re: coins must be judged by VOLUME not marketcap Post by: Nawaytes on August 09, 2014, 06:02:10 PM Lol, coins must not be judged by 1 factor only. You should do some research before investing in a coin. Are the devs trustworthy and delivering as promised? Is the coin premined? How does the logo look like? What are the benefits of the coin? And even then it's not a guaranteed success. of course agreed with this, many factor to judge a coin, i have experience with dev factor. I had ever bought coins with high market, but after I bought a lot of coins, the price was dropped to -270%. I am very frustrated to lose a lot of btc. and I seek to know the information from that coin forum. I get the news, there is a dev with problems, takes away a lot of coins, also spread FUD and dump all the coins. The price is dropped. talk about volume coin, coins with large amounts, millions, billions. very difficult to rise the price. Title: Re: coins must be judged by VOLUME not marketcap Post by: oldmarsh on August 09, 2014, 06:42:22 PM But the shills for the pump-and-dump coins don't like it when you bring up volume. Especially since they love to scream about how Litecoin is dead/dying, yet it consistently does 10x the daily volume of the pump-and-dumps.
Title: Re: coins must be judged by VOLUME not marketcap Post by: vuduchyld on August 09, 2014, 09:00:53 PM Sorry, OP, but 24 hour volume is damn near meaningless. And it is close to impossible to find the more meaningful 30 day volume stats on altcoins in one handy place.
Alt traders need a better information clearinghouse. Too much information asymmetry. I have been experimenting with a couple of index concepts for alts that exclude BTC and represent the alt market. The only two indexes I have seen include BTC, which comprises 93% of the index movement. For my indexes, I am utilizing a selection process that includes BOTH cap AND volume. Indexes rebalance every two weeks because of the volatility. They have just over 30 coins that meet requirements right now. Title: Re: coins must be judged by VOLUME not marketcap Post by: rikkejohn on August 09, 2014, 09:23:59 PM Bitcoindark/cloak/stellar are very bad This statement is nonsense [let me add that I have nothing to do with these three particular coins]. Volume defines what is 'good' at a given time as it's traded among people's money. I could care less about a coin that has $100M marketcap but a very low daily volume. It's completely irrelevant to me, hence not good. I do not share your ideological thinking. I see things through a capitalistic rather than ideological lens, you see. Erm, capitalism is an ideological concept. Title: Re: coins must be judged by VOLUME not marketcap Post by: gjhiggins on August 10, 2014, 12:41:09 PM I do not ideologically judge a coin at all - I judge its market value best reflected by its volume. I do not care whether it's called Dogecoin or Bitcoindark or Laudacoin, whether it is premined or not or this or that, I care whether it is traded at a high volume or not. [...] You must understand that your entire point is of ideological nature, hence completely useless to me. If it's able to increase my capital, it is good. Capital is important to me, not ideology. [ ... ] p.s. bitcointalk-account status does not correlate with knowledge of cryptocurrency markets. why so arrogant? On your latter point, I tend to agree that is true in most cases but in this particular instance, you post an unsupported simplistic assertion as the topic of a bitcointalk thread and you received some negative feedback because of that. Why so thin-skinned? If you are so convinced of the primacy of this factor, why don't you simply code up your assertion as an algorithm, hook it up to your bank account, sit back and watch your wealth accumulate? Because, despite your strenuous assertions, that's not how you as an individual assess an altcoin. You cannot rely on casual introspection to produce reliable information about your own mental processes: Quote Telling more than we can know: Verbal reports on mental processes. (http://psycinfo.apa.org/doi/getuid.cfm?uid=1978-00295-001) By Nisbett, Richard E.; Wilson, Timothy D. Psychological Review, Vol 84(3), Mar 1977, 231-259. Abstract Reviews evidence which suggests that there may be little or no direct introspective access to higher order cognitive processes. Ss are sometimes (a) unaware of the existence of a stimulus that importantly influenced a response, (b) unaware of the existence of the response, and (c) unaware that the stimulus has affected the response. It is proposed that when people attempt to report on their cognitive processes, that is, on the processes mediating the effects of a stimulus on a response, they do not do so on the basis of any true introspection. Instead, their reports are based on a priori, implicit causal theories, or judgments about the extent to which a particular stimulus is a plausible cause of a given response. This suggests that though people may not be able to observe directly their cognitive processes, they will sometimes be able to report accurately about them. Accurate reports will occur when influential stimuli are salient and are plausible causes of the responses they produce, and will not occur when stimuli are not salient or are not plausible causes. (86 ref) (PsycINFO Database Record (c) 2012 APA, all rights reserved) A more likely context is that you (in common with other laypersons) are probably mostly oblivious to the cognitive biases (wikipedia entry (https://en.wikipedia.org/wiki/List_of_cognitive_biases)) operating within your mental model and this has led you to construct some quite profound misperceptions which you may find compelling but others simply don't. Cheers, Graham Title: Re: coins must be judged by VOLUME not marketcap Post by: Rofo on August 10, 2014, 01:24:53 PM Quote Volume is more easily manipulated than marketcap. This. If I get a current $1,000 vol. coin that's like 90th in market cap a quarter of a million $$ in volume will you think it matters and give me 5BTC for making such an awesome coin? |
