Where is all this new trading volume coming from?

[btcforall777]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

[1715602205]

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[1715602205]

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[Velkro]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

It was probably from what i heard massive spam attack when one address were sending money to itself over and over again.
It wasn't confirmed so he doesnt lost money on transaction fees but it created fake volume probably.

You can check if this volume will last for more weeks to come it will tell the truth.

[bartolo]

It must be the effect of Bitcoin's recognition as a means of payment in Japan. There is a great movement now in the country, there is talk of 260000 stores that will accept bitcoin, the creation of a lot of exchange houses, even a banking group, SBI Holdings, will open one, and this must be generating a very high demand for cryptos and that´s why this large amount of liquidity is entering the markets.

[btcforall777]

Its at $1.4 billion for 24 hours now on CMC!

https://coinmarketcap.com/all/views/all/
 
If this trend keeps up I can retire in like 2 or 3 days!

[Wind_FURY]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

It was probably from what i heard massive spam attack when one address were sending money to itself over and over again.
It wasn't confirmed so he doesnt lost money on transaction fees but it created fake volume probably.

You can check if this volume will last for more weeks to come it will tell the truth.

I do not think he means transaction volume in the network. He is talking about total trading volume in all of the exchanges.

What btcforall777 failed to post is the volume of Bitcoin. http://coinmarketcap.com/currencies/bitcoin/#markets

I do not check that often but it was shocking to see that a once upon a time small exchange like Poloniex is the one carrying the majority of volume in Bitcoin.

[Paashaas]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

Japan is going wild with Bitcoin, much more to come guaranteed. They will save billions of Yen only by using Bitcoin, it will give there stagnated economy a little boost.

[romero121]

As there is a sudden increase in the market usage once after the legalized bitcoin acceptance the bitcoin circulation might have increased in a large scale. Further the usage might have increased on price​ uptrend. So this might be the reason why bitcoin trading volume had peaked high than the past days.

[CryptoBry]

People reading crypto news already understand that the trading volume that is pushing the value of Bitcoin (and even altcoins too) to the max is no other than the Japanese market. Japanese surely love the earning potential of Bitcoin and this is just the tip of the iceberg as more and more Japanese are looking for ways to earn money from their savings.

Japan wants to take advantage of the many opportunities that blockchain can bring to their country and we should expect other countries to follow soon. This can be the start of the big growth for the cryptocurrency market.

[Sadlife]

I think it's coming from the country who recently legalized it.
I think it's coming from the institutional investors in japan like large organization such as banks, pension fund, labor union or insurance company.
that may be the reason with the recent $5 billion price pump in bitcoin.

[Kakmakr]

Can you imagine what will happen if India also take advantage of this opportunity and legalize Bitcoin like Japan did now? We have seen a massive influx of new capital investments from Japan and it made a significant impact on the price, and this is a relative small country compared to India and Russia. < Yes, there might be more poor people in India and Russia, but the numbers will make a significant difference in small quantities >

Now we just need to sort out the scaling nonsense. ^grrrrrrr^

[Iranus]

Trading volume for the yen has increased significantly recently.

Interest rates in Japan are terrible and people there have a lot of savings as well as usually being quite welcoming to new technology, so the pieces all add up for an increase in wealthy citizens and institutional investors putting money into Bitcoin.

[mobnepal]

Its just money moving from bitcoin to altcoins and now it is moving back to bitcoin, alts are in blood bath while bitcoin is on bull trend.
1-2 billion USD trading volume is just a normal volume for bitcoin as it has more than $20 billion marketcap and bitcoin trading is available for 24 hour.

[RoommateAgreement]

look at this board and speculation and altcoin board. you at least see 20 topics talking about altcoin market cap!

now all these altcoins have been getting dumped for the past days. all that money is exiting that "market cap" and coming into bitcoin, the only coin that has ever mattered.

and don't forget that the money that went in, is not coming out with a huge profit. for example if you invested $1000 in altcoin market now you have at least $5000 to invest in bitcoin.

aside from that there is Japanese who are investing in bitcoin since it is a legal way of making payments and because of their businesses they are stablishing all around Japan to make more profit.

also other countries such as Russia are more friendly about bitcoin and that has caused a lot more volume coming from them.

[pooya87]

whenever price is going up, or even whenever it is going down, there is always going to be an increased volume. and this is the main reason in my opinion.
in both cases traders are going to make new trades to buy in the rising market to not miss out on anything. and when it is dropping, they sell their positions in order to prevent loss (like stop loss) and as the size of this price change grows, the amount of volume grows with it.

apart from that, it is the adoption combined with some FOMO.
with Japan news, many people started to see bitcoin as a more viable cryptocurrency that is also legit and good for investment. so they obviously started buying. >> increased volume.

[Denker]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

Japan is going wild with Bitcoin, much more to come guaranteed. They will save billions of Yen only by using Bitcoin, it will give there stagnated economy a little boost.

South Korean market is growing pretty fast as well by the way.
Both are very tech savvy nations with great internet infrastructure and smart youth.
BTC's price on Korbit trades for over $1980 at this moment!!

[600watt]

Its at $1.4 billion for 24 hours now on CMC!

https://coinmarketcap.com/all/views/all/
 
If this trend keeps up I can retire in like 2 or 3 days!

made my day. cheers mate! you deserve it!

hodlers are king. 

[tk3609]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

Europe is dying and people are parking money, and since BTC is on the constant rise for like 2 years now it attracts more and more people. Just wait when the euro shit hits the fan.

[DoublerHunter]

I think it is all from the country of Japan because a lot of people there are new to bitcoin so i think the new volume for the bitcoin market is coming from the Japanese investors and i think it will continue to rise because i just read a new article that says bitcoin can reach up to 4000 USD per 1 bitcoin in the near future and that is very expensive price so i think it's still good to buy now just like the Japanese people doing.

[LFC_Bitcoin]

Bleed altcoins bleed.

[7jaka7]

Bitcoin 24 hr volume exceeded $1 billion in 24 hrs last week (with the entire crypto market exceeded well over $2 billion). Thats like a 10 time increase over the last few months. At first I thought it was just pumpers going crazy but now it seems like an established trend.

Where is it all coming from?

What will the volume be like in 6 months?

If this is only Japan working to cryptocurrencies, imagine when the whole world will start adopting bitcoin and other currencies this will most probably happen during next fiat crisis