Bitcoin Forum
May 27, 2024, 05:44:45 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: what is the percence of the data do you think it is true?  (Read 331 times)
girlbtc.com (OP)
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250

girlbtc.com


View Profile WWW
October 03, 2016, 08:24:22 AM
 #1

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.


pooya87
Legendary
*
Offline Offline

Activity: 3458
Merit: 10594



View Profile
October 03, 2016, 08:42:02 AM
 #2

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.

where are you bringing this statistics from?
on OkCoin there is a 677,483 BTC volume which is the Chinese top volume market

on Gdax there is 3,428BTC which is the top volume of today on non Chinese markets the total is however nearly 60,000BTC

and to answer your question:
there is always some amount of manipulation everywhere you look. but if i wanted to choose one of these stats to be wrong i would choose the dice site's stats to be way off.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
altcoinhosting
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1006


View Profile
October 03, 2016, 08:45:59 AM
 #3

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.



I don't know, but i'd rather believe the dice site... In a standard dice site, if i would wager 1 BTC, i'd have a 49.5% chance of winning 2 BTC and a 50.5% chance of losing everything... If i win, and keep playing, i'd re-wager some of my winnings, so the 1BTC would keep on adding wagered amounts to their counter....
Basically, what i wanted to say, it's possible to deposit 1 BTC to a dice site, withdraw 2 BTC the next day, it's possible i have having wagered 100BTC to go from 1 BTC to 2 BTC.
On the other hand, an exchange site can only count the BTC they have actually sold...

That being said, 10,000 BTC is a lot, i wouldn'd really believe any site that says they sold/wagered 10.000 BTC/day... Untill proven otherwise Wink

andyste
Full Member
***
Offline Offline

Activity: 154
Merit: 100



View Profile
October 03, 2016, 08:48:53 AM
 #4

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.



if you want see acurate or not
you can see in stastitic in coinmarket cap, in there sell and buy this calculate automatic not manipulate

but if you say dice site you can't find compare about statistic true or not
pooya87
Legendary
*
Offline Offline

Activity: 3458
Merit: 10594



View Profile
October 03, 2016, 08:53:55 AM
 #5

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.



I don't know, but i'd rather believe the dice site... In a standard dice site, if i would wager 1 BTC, i'd have a 49.5% chance of winning 2 BTC and a 50.5% chance of losing everything... If i win, and keep playing, i'd re-wager some of my winnings, so the 1BTC would keep on adding wagered amounts to their counter....
Basically, what i wanted to say, it's possible to deposit 1 BTC to a dice site, withdraw 2 BTC the next day, it's possible i have having wagered 100BTC to go from 1 BTC to 2 BTC.
On the other hand, an exchange site can only count the BTC they have actually sold...

That being said, 10,000 BTC is a lot, i wouldn'd really believe any site that says they sold/wagered 10.000 BTC/day... Untill proven otherwise Wink

the thing that you are missing is that on a gambling site like a dice site, there are so many people making 1 satoshi bets and even high rollers are going as high as 0.01-0.1 and there are so rare occasions that you see someone (correct: some account that can be fake even) is making 1+BTC bets.

but in trading the small time traders are also making bigger trades 0.001BTC size and there are so many "high rollers" trading 1+BTC

just watch the orderbook and the bets history next time you visit one of each of these groups!

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
girlbtc.com (OP)
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250

girlbtc.com


View Profile WWW
October 03, 2016, 08:58:48 AM
 #6

what is the percence of the data do you think it is true?

some exchange platform: we have 10,000 bitcoin buy/sell today.

some dice site :         we have 10,000 bitcoin wagered today.



if you want see acurate or not
you can see in stastitic in coinmarket cap, in there sell and buy this calculate automatic not manipulate

but if you say dice site you can't find compare about statistic true or not

where is coinmarket cap?

Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
October 03, 2016, 09:18:04 AM
 #7

where is coinmarket cap?

it is website to see the statistics that you are talking about, like the price, the daily trade volumes of bitcoin and so many other alternative cryptocurrencies
here is the link for bitcoin: https://coinmarketcap.com/currencies/bitcoin/#markets

so where did you bring your numbers are they just a hypothetical numbers in a hypothetical question?

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!