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January 22, 2018, 08:42:02 AM |
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I am not very clear on what you are referring from depth of the market, but what "triciaa478" said, is the general statistics of the market which you get from coinmarketcap website. What "dashchain" referred is what the definition of depth of market. Let me explain you my understanding about bitcoin market. Since we don't have a regulator in the market, the market shows the raw reflection of the investor's sentiment. Which is not the case of the normal stock market worldwide.
For example, if you are trading in USD price and if the price starts falling to any unexpected level, the federal reserve will step in to the market and will start buying USD in large chunks to create demand. This is a measure taken by the government to stop the falling price and to stabilize the price. But we don't have any such regulators in the bitcoin market so it can fluctuate from one level to another at a very short period of time. SO it is very much prone to "pump and dump" game and the market reacts almost instantly. So as per the financial definition of depth, bitcoin doesn't have a higher level of depth and hence it is very dynamic. That's what makes it the heaven for speculators. Hope this helps!
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