How big this market really is?

[eaLiTy]

It really don't affect the price cause it never have a recorded transactions appears in the blockchain. This simply means that huge investors/whales do some market manipulations by using this strategy and taking advantage over the small players.
It is not really good to us but we haven't such power to stop them cause they are the so-called big players in crypto and making prices to move.

That is a wrong thought process, OTC transaction means they are doing business without the help of exchanges and you really do not see those buy orders in any exchanges but it will appear in the blockchain, if not what is the point of these transactions, these OTC transaction does happen only for huge buy and sell orders, on the other hand whales manipulate by showing these transactions in exchanges which causes panic situation among other investors.

[betty11]

With the more attention been fixed on bitcoin and cryptocurrency, and with some analysis about the imminent failure or crash of the fiat. The market is going to explode in the near future, should we be able to hit a total of a trillion dollars in the crypto market before mid 2020, the whole story about bitcoin is going to change forever. The gradual movement has just  started. The main enemy of the decentralized system have seen that it can't be stopped.

[DreamStage]

As many have already stated in which I concur and read somewhere: Coinmarketcap had some not so legitm data information concerning market cap on cryptocurrencies.
Still you can use it to take some approximate value of how much coins exist in the market (in case you are searching for those sweet numbers).

[Natalim]

As many have already stated in which I concur and read somewhere: Coinmarketcap had some not so legitm data information concerning market cap on cryptocurrencies.
Still you can use it to take some approximate value of how much coins exist in the market (in case you are searching for those sweet numbers).

Majority are using that site to monitor the market and to determine it's size.
But this site does not include the OTC transaction of crypto, therefore we are bigger than we can imagine, but not as big to call crypto has a mainstream adoption.

[minersday]

the market cap is a meaningless number
it has always been meaningless. will people just stop referring to it

anyone can surpass the market cap using just $5

yep
make an altcoin with 5 trillion coins. buy one for $5 and automatically have $25TRILLION market cap

yep thats how empty and foolish the market cap measure is
it does not deserve any attention, so dont give it any attention

This is very true. The market cap represented by coinmarketcap is not the actual representation of the number of people trading or buying bitcoin or any other cryptocurrency.  Based on some observations I have made, about just 1% of the world population are in the crypto ecosystem and one person can influence the market cap  on more than one cryptocurrencies on the crypto market.

[Pamadar]

As many have already stated in which I concur and read somewhere: Coinmarketcap had some not so legitm data information concerning market cap on cryptocurrencies.
Still you can use it to take some approximate value of how much coins exist in the market (in case you are searching for those sweet numbers).

Majority are using that site to monitor the market and to determine it's size.
But this site does not include the OTC transaction of crypto, therefore we are bigger than we can imagine, but not as big to call crypto has a mainstream adoption.

We will go to that point for sure,but right now we need to consider that what we are seeing from CMC is not an accurate data to rely on it can be used as basis observing how the coins moved and how is the behaviors inside the exchange, we can't give an exact value or amount the market is still speculatively measured.

[Astvile]

I think it would be impossible to calculate trades happend on OTC.But we can estimate it in no more than $100m maybe? or even higher.We dont know untill it will be revealed by those people who do the trades.It is sure that trades on OTC minimums for millions I think because big trades happened on OTC

[Indamuck]

You have to factor in all the lost coins when looking at the total marketcap.  So its not really as big as it appears and a lot of those circulating supplies listed on CMC are false.  This market still has a long way to go and don't think hundreds of billions is a lot, that is a drop in the bucket in the stock markets.

[jonathan6655321]

I actually start to see more news about fake trading volume reported by exchanges so I'm not sure about CMC data tbh

[Kez1817]

The market is already big and it continue to increase as the mass adoption keep on increasing too. We can't determine the exact number and volume of the market but the only sure is that market keeps on growing.

[jak3]

That's true, this market is so big because there is no limitation on how low or how high you can have. nobody is going to ask you any questions about your money and this makes it easy to manipulate into the market. even coincryptocap doesn't have some coins information all the coins listed there has the white papers. this is the golden age for crypto and don't waste it.