Bitcoin Forum

As of May 28, 2018.
Something really broke my heart.
I was just searching for the top 10 trading website then it lead me to CMC and I was really shocked with this.
Before it was number 1 at all trading sites and now.  :'(
Maybe we should all look back to where all this crypto came from.

Credits to CMC
https://preview.ibb.co/kiEZnd/bitcoin_at_2.png (https://ibb.co/m879Ly)

That is 2/8. What the!!!
When you love something and suddenly you see this.
Madness + sadness = Keyboard destroyed

PS: What is EOS? I dont even know what is that!!!!

I am also hurt to see this but all could be changed altogether if we invest more and more into bitcoin and avoid selling it off at low rates. This is badly affecting the market prices and ratings of bitcoin. The data you have provided has broken my heart as well and I want to appeal all bitcoin lovers for helping in getting back to its original position. Only our support can make it happen, otherwise it will stay same.

nothing wrong with that because EOS claimed that they're ETH competitor and also at the same time they're backed by a bunch of whales.
so if you are seeing them on top of Bitcoin,it's because those whales actively trading it.
want to know about EOS ? go to their site here ;
but lately i heard that they had a problem with their system and they called it as an 'Epic Vulnerabilities'.so i assume it's just matter of time until it's forgotten by people,
stay safe from it at this moment or at least until it's fixed.
source : https://cointelegraph.com/news/chinese-report-epic-vulnerabilities-discovered-in-eos-blockchain-patched-same-day

It not need to be broken because now people are more mature and they know well that what is the exact place to trade bitcoin and they all trade bitcoin on its largest exchanges mainly on bitstamp. Just look at the trading volume of bitcoin on that site. While on other exchanges which are for altcoin trade people mostly do trade. And in them many people trade altcoin mostly on binance and bittrex. It do not mean that people left trading bitcoin but it mean that people are holding bitcoin and if someone is trading then they are trading on bitstamp

i wouldn't pay any attention to the korean or chinese exchanges. they're known for washing volume. either that, or they have no trading fees (which renders the numbers meaningless).

one thing to note here is that BTC has a much more robust OTC market than all other cryptos. those numbers aren't publicly disclosed for the most part, but the OTC market has been reportedly growing rapidly over the past few years.


i'm guessing the global spike in EOS volume has to do with the vulnerabilities that were just disclosed: https://twitter.com/cnledger/status/1001335269180653568?s=21

it looks like EOS is a serious rival for Ethereum, but not to worry because EOS will not be able to exceed bitcoin.

Yes, it was being brought up as a competition of ETH so I wouldn't be surprised if they are being pumped as of the moment and Bitcoin and Ethereum is suffering.

I can feel the OP, seeing that Bitcoin is no longer at the top, but hey, we all know that those alt coins can't really go up against our beloved Bitcoin, maybe they have. their 5 minutes of fame, but we are not moved or shook by this price movement because history tells us otherwise. Just relax man, nothing to worry about. We will bounce back, believed that.

You have forgotten to mention that majority of these are Chinese exchanges and you have comfortably left some renowned exchanges.We need not worry about Chinese gamblers and it's a well known truth that most of Chinese exchanges were supporters of forked coins.

Most of those are shady Asian exchanges that are known for pumping volume. I don't pay attention to them. Didn't Roger Ver use Bithumb to pump Bcash? I'm interested in Bitflyer, GDAX, Bitstamp and Bitfinex.

ETH volume outmatching BTC volume on Bitfinex was a surprise to see, but I think it was just a momentary thing. When I open CMC today, ETH volume is only 40% of BTC's.

Just wait for this bulls to lift  bitcoin again and those traders of eos and ethereun will follow.   They are just watching and waiting for that perfect entrance. Bitcoin will rule all the exchnages again.

Yes a good time will come and the price of bitcoin will rise along with the volume of trade in bitcoin. Bitcoin was already the top one and it will remain forever and will not go down to any other. Currently the market of bitcoin is down that is why not much people are doing trade in bitcoin and they are just holding and seeing that what will happen in the coming days with bitcoin. It does not mean that bitcoin is down. Just look at its marketcap and you will find that it is top.

and what exactly is "this"? the market? you are surprised because it is the first time you saw the cryoptocurrency market, is that it?

that is how it worked for as long as it existed. when something is getting pumped, it attracts a lot of volume. when it is getting pumped hard it attracts even more volume.
and when something is stable (has small moves instead of swinging 30+%) it attracts less volume.
here EOS is the pumping coin and bitcoin is the stable one.

come back in a while and check it and you will see.

here is a fun shitcoin in rank #3 with $430 volume :D

https://i.imgur.com/0X8x7FR.jpg
posted it here a year ago: https://bitcointalk.org/index.php?topic=1780445.0

I wouldn't be as emotional as OP though, Bitcoin still dominates the market closed to 40% so I wouldn't mind your altcoins who are just getting pump because the price is so little that many day traders are playing with it. If you would just look at the Monthly Volume Rankings, as per coinmarketcap, bitcoin's volume is very high that its dwarfed the next coins (ETH). And as what @exstasie, most of them comes from Asian exchanges and they all started this so called pump-and-dump scheme so don't be surprised. It's just daily volumes, look at the monthly volumes and see how bitcoin is taking over this market.

I think the price of Bitcoin will come back as usual. Because we see now the price continues to decline and very little increase. This makes us confused if you want to invest

You should be looking at total trading volume (excluding zero-fees exchanges) and preferably over longer period (i.e. 7 days +), to get any sort of indication of BTC trade dominance. Super hyped coins tend to be getting ridiculously high volumes at times, but it's usually only a temporary trend.

When you have the newest, hottest, most-hyped alt-coin thrown on the market and available only on few exchanges - it's perfectly normal that the new coin takes the No. 1 spot on those exchanges.

I don't know the validity of this statement so don't quote me on it, but I have heard in the past some whales that support new coins listed on exchanges do a ton of wash trading to fake the volume. That way said coin gets more visibility, and helps peak investors' interest.

Not saying that is exactly what is going on here but it is certainly possible.

Korean and Chinese exchanges are notoriously known for manipulating trade volumes to make it look like a huge activity is present in an exchange/certain coin. Also, I wouldn't even bother if bitcoin falls on such rankings. Do note that it still is the number one coin when it comes to market cap and as such, it will always have the traders willing to play with it.

Many asian exchanges are known for washtrading. So the conclusion must be that their trading volume is fake!
Furthermore you looked at this stats on one specific day.
On an average I'm pretty sure you will see that Bitcoin is still the number one and therefore the King of the coins!

Read this medium article behind the link!
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e (https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e)

That's too heart breakable :'(. It is so sad to see bitcoin getting low every single day and most investors forgot bitcoin already because they are too busy to earn some other tokens than into bitcoin. Well, we cannot blame them, maybe because they can earn more profit with other coins than bitcoin because of its price.  :'( It is really getting low.

Now due to the fluctuation of price very often,demand of bitcoin is reduced.The value of bitcoin is struggling to reach 8000$.Soon the good time will come.Again bitcoin will rule this crypto currency world and reach the first position.But still bitcoin on the first position in price.

I also heard, Many people are asking if EOS is an altcoin that will rival the ETH. But so far almost all the activities of ICO have not received payment with EOS, so now it can not be said that EOS has rivaled ETH in terms of prestige.

Why should anyone bother with volume that day traders do on exchanges. That is not a use of a coin. Well, for most of coins that is the only use case they have.   What matters are number of transactions. Yes there is also includes when people deposit and withdraw from exchanges.  I guess that is a use. Just a bit silly one.

Volatility has always been there, regardless of the demand. People have to look at the bigger picture -- in all cases Bitcoin's volume is by far the higest of any coin, and it will stay like that. People need to understand that altcoins offer the action that traders and gamblers are looking, which means that some times certain exchanges might trade higher altcoin volumes, which is perfectly fine. Bitcoin is the safe haven that people jump in when altcoins become too much of a mess, because they know Bitcoin can offer that solidity. No one aside from coinmarketcap noobs doubt Bitcoin. Seriously, what altcoin offers people a long term investment without doubts? There is none.