Where is all this new trading volume coming from?

[criptix]

A huge part alone came from polo altcoin trading.
I would take that transaction volume with a grain of salt for sure.

[GetClams.com]

Seems Japan still have that FOMO, it can  be seen on the exchanges volume.  This means the new trading volume comes majorly from Japan and it is not done yet, there are still pending license application from several large company that want to venture in Bitcoin too so we are expecting another push in price of Bitcoin this coming months.

And Japan now has the largest trading volume last 24hrs with 50%. And yes, there a lot of exchanges that are going to open soon in Japan so expect the price increase to continue. Maybe the US or Canada are also putting a lot of the bitcoin tradings at a regular rate, but it is really Japan that is pumping new cash flow into the bitcoin ecosystem. We will need to note that the Chinese exchanges are going to resume the withdrawals as well. So this news will really push the price of bitcoin to go $3000 at the end of the month.

It will unless the block size issue messes things up. Price is up about 50% in 1 month.

[Wind_FURY]

Seems Japan still have that FOMO, it can  be seen on the exchanges volume.  This means the new trading volume comes majorly from Japan and it is not done yet, there are still pending license application from several large company that want to venture in Bitcoin too so we are expecting another push in price of Bitcoin this coming months.

And Japan now has the largest trading volume last 24hrs with 50%. And yes, there a lot of exchanges that are going to open soon in Japan so expect the price increase to continue.

I might be missing something. Where did you get that data? Can you post he website here?

Maybe the US or Canada are also putting a lot of the bitcoin tradings at a regular rate, but it is really Japan that is pumping new cash flow into the bitcoin ecosystem. We will need to note that the Chinese exchanges are going to resume the withdrawals as well. So this news will really push the price of bitcoin to go $3000 at the end of the month.

The Chinese are known to be the biggest dumpers of Bitcoin in the market after a decent rise in price. If they were around an the PBOC did not intervene I do not believe Bitcoin would have reached $1800. It is better if they are not around.

[bartolo]

Seems Japan still have that FOMO, it can  be seen on the exchanges volume.  This means the new trading volume comes majorly from Japan and it is not done yet, there are still pending license application from several large company that want to venture in Bitcoin too so we are expecting another push in price of Bitcoin this coming months.

And Japan now has the largest trading volume last 24hrs with 50%. And yes, there a lot of exchanges that are going to open soon in Japan so expect the price increase to continue.

I might be missing something. Where did you get that data? Can you post he website here?

Maybe the US or Canada are also putting a lot of the bitcoin tradings at a regular rate, but it is really Japan that is pumping new cash flow into the bitcoin ecosystem. We will need to note that the Chinese exchanges are going to resume the withdrawals as well. So this news will really push the price of bitcoin to go $3000 at the end of the month.

The Chinese are known to be the biggest dumpers of Bitcoin in the market after a decent rise in price. If they were around an the PBOC did not intervene I do not believe Bitcoin would have reached $1800. It is better if they are not around.

And the major mining farms are Chinese and if the price goes up too much other companies in other parts of the world might consider investing in bitcoin mining, which would mean that Chinese miners would have more competition.

[Pab]

I have theory but it is just theory that it can be some speculative capital,sometimes it is possible to see that on emerging countrys stocks,thay are coming pumping indexes and going away,it can be also related to very fast growning ICO tokens markes,some ICO are generating heavy milions of dollars

[lionheart78]

I have theory but it is just theory that it can be some speculative capital,sometimes it is possible to see that on emerging countrys stocks,thay are coming pumping indexes and going away,it can be also related to very fast growning ICO tokens markes,some ICO are generating heavy milions of dollars

Well, if an ICO only accept cryptocurrency then it maybe one  the reason why there is new trading volume  since fresh funds is coming in to cryptocurrency economy.  Another reason is the sudden change of heart of a certain government towards bitcoin or strenthening its support to the currency like removing consumption taxes and other things just to make it easy for the user to buy or sell cryptocurrencies.  This will definitely cause peopel to buy more.

[freedomno1]

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?

Rich investors building capital in the ecosystem and also positions in all altcoins
Basically buying a basket for future development maybe some funds have private investors who are looking at this field before the ETF or other assets are approved.

[DrGuns4Hands]

Just like China, there are many rich investors in that country. They were waiting for a go green light from the administration and got it. I think a lot of volume is coming from Japan. It took them sometime to sell some assets and transferhuge amount of money to exchange. So, it doesn't happens instantly.

[Wind_FURY]

I have theory but it is just theory that it can be some speculative capital,sometimes it is possible to see that on emerging countrys stocks,thay are coming pumping indexes and going away,it can be also related to very fast growning ICO tokens markes,some ICO are generating heavy milions of dollars

You only thought about this now? You have been in the forum for a long time, and it is very funny that you have not noticed it. Bitcoin itself is also manipulated by whales and speculative investors if you did not notice.

[xypos]

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?

japanese increased the volume by accepting btc? thats quite an impact. hopefully whatever it is helps btc and doesn't end up hurting it.
lets see if it will keep increasing it would be amazing to watch what happens when (if) ever russia decides to follow into bitcoin acceptance after japan and maybe well even see my country start to widely accept it. which is the usa. who knows maybe a miracle will happen.

[Wind_FURY]

I keep asking where the information about Japan gaining major volume of Bitcoin interest but I do not have one reply from any of the people here.

Poloniex, which is an American exchange still has the majority of volume in Bitcoin trading as shown in this link http://coinmarketcap.com/currencies/bitcoin/#markets

 

[aso118]

I keep asking where the information about Japan gaining major volume of Bitcoin interest but I do not have one reply from any of the people here.

Poloniex, which is an American exchange still has the majority of volume in Bitcoin trading as shown in this link http://coinmarketcap.com/currencies/bitcoin/#markets

You will have to look at fiat-BTC trading volumes. You can't base your arguments on which country the Bitcoin exchange is situated in.
You can have a look at this CNBC article
http://www.cnbc.com/2017/05/11/bitcoin-rides-japanese-demand-to-record-1800.html

[Wind_FURY]

I keep asking where the information about Japan gaining major volume of Bitcoin interest but I do not have one reply from any of the people here.

Poloniex, which is an American exchange still has the majority of volume in Bitcoin trading as shown in this link http://coinmarketcap.com/currencies/bitcoin/#markets

You will have to look at fiat-BTC trading volumes. You can't base your arguments on which country the Bitcoin exchange is situated in.
You can have a look at this CNBC article
http://www.cnbc.com/2017/05/11/bitcoin-rides-japanese-demand-to-record-1800.html

Is that really the source of all the excitement about Japan? That article is based on what one analyst "believes". There are no facts and no numbers backing up his claim and yet I see everyone here trying to repeat what is said over and over again like it was really true.

[andrei56]

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 comes from japan in my opinion, japan has always been interest in the technology but after Mt Gox they seem to lost enthusiasm, but it seems they are ready to be back in the game and with the Japanese government recognizing bitcoin then the chances this is true growth is very big.

[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 come form japan in my opinion, japan has always been interest in the technology but after Mt Gox they seem to lost enthusiasm, but it seems they are ready to be back in the game and with the Japanese government recognizing bitcoin then the chances this is true growth is very big.

But what if I say that I do not believe you and that your opinion does not matter? Can you provide all the data and the numbers to prove that you are right? If you say yes then it would be good to provide them. A lot of people here say Japan is having a big impact. Show us the data.

[bncbnc]

I have theory but it is just theory that it can be some speculative capital,sometimes it is possible to see that on emerging countrys stocks,thay are coming pumping indexes and going away,it can be also related to very fast growning ICO tokens markes,some ICO are generating heavy milions of dollars

You only thought about this now? You have been in the forum for a long time, and it is very funny that you have not noticed it. Bitcoin itself is also manipulated by whales and speculative investors if you did not notice.

Well yeah we know that there are many investors involved in the speculation of the Bitcoin market. This is nothing new to any market of investment, it usually happens and even in SEC it happens more than the bitcoin market. We have to realize that the whales are here and anything can happen.

[The Sceptical Chymist]

It's government(s) getting in on the action, I'm telling you.  I don't know how they're buying it, but they are.  And probably all of Wall Street, too.  Just look at the enormous gains we've had in just a few weeks!  You think Wall Street firms are going to miss out on shit like that?  Hell.  No.  So my guess is that some--perhaps a good proportion--of the trading volume and the huge rise in price--is due to Wall Street and the government(s).  And I'm nowhere near being a conspiracy theorist, but I'm not silly enough to think that trading firms are going to not invest in something that's tripled in a year.

[bitbob82]

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 come form japan in my opinion, japan has always been interest in the technology but after Mt Gox they seem to lost enthusiasm, but it seems they are ready to be back in the game and with the Japanese government recognizing bitcoin then the chances this is true growth is very big.

Well no doubt it was a true growth and it still is the Japanese government has announced that the bitcoin can be traded as a mean of payment in Japan. What really doesn’t want the Bitcoin to grow more and develop is the SEC. It is all the game of the SEC to secure itself with the help of the governments who have more interest in the SEC than that of the Bitcoin.

[aesma]

I'm not a specialist in Japan however I got the impression that people there are quite conservative, no immigration, no children, work a lot, and buy a lot of their government debt, even though it's almost worthless and doesn't give any significant return.

It's very strange then to hear that Japanese people are buying BTC, it's counterintuitive.

[KennyR]

I'm not a specialist in Japan however I got the impression that people there are quite conservative, no immigration, no children, work a lot, and buy a lot of their government debt, even though it's almost worthless and doesn't give any significant return.

It's very strange then to hear that Japanese people are buying BTC, it's counterintuitive.

It's not Japan or someone specific, when you feel yourself confident that you'll make a big Profiting through something surely you'll invest at least a small amount. The same is happening with the Japan people as the government itself has shown them the green signal. There is nothing strange Japan people buying BTC.