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Author Topic: Where is the historical 'raw' data for all altcoins?  (Read 445 times)
pixelated (OP)
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July 10, 2017, 12:47:01 AM
 #1

Where is the historical 'raw' data for all altcoins?

Where can one find the historical raw data for altoins? Where are the exchanges pulling the raw data from to plot the charts?
rdnkjdi
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July 10, 2017, 12:51:56 AM
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I'd be interested in this too
Vivisector999
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July 10, 2017, 07:16:24 AM
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Since each exchange has it's own prices for each altcoin, one could only assume that the prices "data" would be from sales volume and prices from that exchange only. 

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pixelated (OP)
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July 10, 2017, 05:11:46 PM
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Would that imply that Exchanges are determining the price (on the fly, based on their algos?) of any altcoin on the basis of trading volume and other parameters? And, further that small exchanges align their prices to the bigger ones to avoid arbitrage (in the longer run)?

If that's the case that sounds like a soon to be an adhoc case where a certain exchange(s) could be monopolistic.
Vivisector999
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July 10, 2017, 06:08:07 PM
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Yep that is mostly correct.  The price/value of an alt coin has absolutely 0 to do with Market Cap, or anything of that nature.  The only thing Market Cap measures is a time slice on an exchange they are checking multiplied by the number of coins available.  It means absolutely nothing else. 

All exchange prices on ALL coins are based on Supply Vs Demand, and how much people want to pay or sell their coins for.  Nothing else. 

Add to that, Small exchanges don't automatically align themselves with bigger markets to avoid arbitrage.  The Market itself usually takes care of that WITH arbitrage.  Even in the large BTC market, the differences of prices on different exchanges can be HUGE.


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pixelated (OP)
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July 10, 2017, 08:56:07 PM
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@Vivisector999 : I see. In that case why do some altcoins start with a higher price initially? If all is in the hands of exchange(s) based on the supply/ demand then who determines the price on day 0?

PS: Do you mind if even PM you sometime?
eternalgloom
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July 10, 2017, 10:16:11 PM
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@Vivisector999 : I see. In that case why do some altcoins start with a higher price initially? If all is in the hands of exchange(s) based on the supply/ demand then who determines the price on day 0?

PS: Do you mind if even PM you sometime?
It's pretty hard to find out how new coins get added on exchanges like Poloniex, I've found no information regarding the procces that takes place when a new coin gets added.
My guess is that once a coin gets added, people just start offering it at prices they deem acceptable and the market adjusts itself after a few days/weeks/months of extreme volatility.

The people selling the first coins must have calculated the expected value beforehand, taking the supply in consideration. That's just what I would expect, so don't take my word on it...

Vivisector999
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July 11, 2017, 04:16:28 AM
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If you watch when a new coin launches on an exchange, you will see buy orders as high as a few BTC, but with extremely low volumes to drive up the price, and then bids as low as a few satoshis.  No one really knows where they will land.  Usually if a coin has a large premine, or a large amount of coins, the price will be lower, but a lot of it has to do with speculation on if the project has enough interest to pull in buyers.  The entire price is based on what people want to pay for the coin, and not the actual market of the coin.

Check out AC3  @ https://ac3.io/
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