Attendance of crypto-exchanges dropped by 50%

[Alex077]

Attendance of crypto-exchanges dropped by 50%


Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.

At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:

Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.

Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.

Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.

Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.

[loicuagio1979]

It's normal guy. This happens to most of markets, from traditional one to modern one, from goods to forex, securities, etc.
It presents the psychological matters. However, it also show us that the bottom of prices shall be created soon

[BrewMaster]

it is perfectly understandable as the market has been very unstable and extremely unpredictable for the most part of the last couple of months. most traders tend to stay away at times like this which may as well be the reason for the volume drop and also the fact that the buy support is not as strong as it should be.

additionally when a flush comes (like back in January and start of the dump) a lot of newbies will get out of the market after they lost some money and did a panic sell.

[tora]

I think at the moment that many investors are sitting on their hands, neither buying, selling or trading until market has some direction.

[Yaunfitda]

What do you expect? The market is falling that's why user based has dropped of as well. I'm sure that when the market goes up again, those users will be back in the crypto and we are back as usual. So I'm not  surprised at all. The market has fallen more than 50% from its peaked in December-January.

And you can see that it has correlation to the reported overall number of visit. I would be surprised if we are making a bull run but the number of visit is dwindling. hahahha. Another garbage news though, what kind of research are we going to expect in the next couple of months?

[Bttzed03]

Either a shake out of newbies who entered during the bull run and could not handle the current market or many are just satisfied holding and waiting for the next wave. It could also be both.

[jagdeepjd]

That is understandable as the market is not looking good in the past 3 months so there is not much for the new traders go go and look into. I myself did not visit exchanges frequently as i was doing in december.
Just wait for the bull run those figures will catch up.

[boybitcoin]

I think they are just studying the market right now.. because we know that the market right not were just falling.. so the traders once in a while just visiting the market.. maybe this is the reason why the attendance exchanges dropping..

[MinerHQ]

Either a shake out of newbies who entered during the bull run and could not handle the current market or many are just satisfied holding and waiting for the next wave. It could also be both.

Many people first time who bought around 20K by expecting to make a quick profit may not come back to cryptos if they are sold out at loss in a panic. But only those experienced players still hold the coins because they know that it will go up again but may take more time.

I was telling few of my friends about bitcoins when prices were less than 1K but they never bother to invest. When prices were more than 15K then they invested and now worrying about the losses. I don't understand one think that if they are ready to take a risk at 15K why can't these guys buy now to reduce their buying price?

[Alex077]

What do you expect? The market is falling that's why user based has dropped of as well. I'm sure that when the market goes up again, those users will be back in the crypto and we are back as usual. So I'm not  surprised at all. The market has fallen more than 50% from its peaked in December-January.

And you can see that it has correlation to the reported overall number of visit. I would be surprised if we are making a bull run but the number of visit is dwindling. hahahha. Another garbage news though, what kind of research are we going to expect in the next couple of months?

I have been trading crypto currencies for more than 4 years, and I can tell you with absolute certainty that prices are declining when trading volumes are dropping, but attendance is a slightly different indicator, it is related to loss of interest in crypto-currencies and, as for me, this is a bad sign. Even when the trader is not engaged in trading, he still checks the crypto exchange and that affects the attendance, but currently we do not see them checking the  exchanges.

[Yamoto]

, he still checks the stock exchange and that affects the attendance, but currently we do not see them checking the stock exchanges.

I do agree with the theorical but practical might be diverged result. We all know that its a downslide periode, you just need to check on marketcap / news pages to know what is the direction..and there is no much to do at the moment; unless some new ICO´s / tokens, ( not mentioning additionally that this specific area has been damaged by so many scams  and poor projects).No need to log into plateform account if there is no much to trade.
I could interpret that a good sign, the left over 50%  regulars are holders waiting better times

[Beerwizzard]

All these comparisons are not accurate. A person that gathered this data slightly manipulated the numbers. Such things should be analyzed on the continious period of time. Most indicators (in crypto, statistics, economics, anything else) can't grow all the time and they usualy have their peaks and lows. No one should look only on peaks, tey are simply not stable. It will be more informative if you campare the amount of todays visits with the visits a year ago. Then it will be more informative. I'm pretty sure that today crypto trading is more popular then it was a year ago.

[zhekinsp]

Attendance of crypto-exchanges dropped by 50%


Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.

At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:

Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.

Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.

Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.

Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.

This also maybe reason that people started to hold their coins instead of trading their coins since many of them understand that holding can give us more profits than trading.But December and January the price was at its peak so more people got interested into crypto than other earnings now they may retured to their job because their price fell too much after that.

[audaciousbeing]

Attendance of crypto-exchanges dropped by 50%


Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.

At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:

Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.

Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.

Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.

Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.

In some of my earlier posts, I had made mention that we should brace up for hard times based on the ban of ads. In any business establishment, no one can underscore the importance of advertisement and hits on websites don't come by default but from several sources which these days is largely for social media and now that is gradually fading away. Those figures would drop further in the coming days. You only click what you see and get attracted to which might inform your decision as to whether to stay or not but now the opportunity for that is locked down and more coming. I would be surprised if this is not happening.

[Alex077]

Attendance of crypto-exchanges dropped by 50%


Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.

At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:

Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.

Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.

Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.

Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.

This also maybe reason that people started to hold their coins instead of trading their coins since many of them understand that holding can give us more profits than trading.But December and January the price was at its peak so more people got interested into crypto than other earnings now they may retured to their job because their price fell too much after that.

That's exactly what I was talking about: if the market in the downtrend - most of the traders aren't trading, but checking their trading accounts and staring at the graphs; so according to this statistics, it turns out that people just stop visiting the exchanges.

[Mister1k]

Attendance of crypto-exchanges dropped by 50%


Poor price indicators of crypto-currencies in January and February prompted many crypto traders to enter the stock exchanges less frequently. Estimates of the total number of visits to trading platforms, based on web traffic, indicate a sharp decline of 50%.

At the same time, web traffic reached its peak in December 2017 and in January 2018, when the crypto-currencies were breaking all the price records.
For example, according to MarketSearchweb analysis, the overall number of visits:

Coinbase: fell by 49% in February, from 123.5 million to 63.1 million visits, reaching 169.5 million visits in December 2017.

Kraken: fell by 56%, from 31.7 million in January to 13.8 million visits in February.

Binance: fell by 54%, from a peak value of 191.5 million to 87.3 million visits.

Bitfinex: fell by 48% in February, from 18.3 million visits, compared with 35.4 million in January and 59.3 million in December 2017.

This also maybe reason that people started to hold their coins instead of trading their coins since many of them understand that holding can give us more profits than trading.But December and January the price was at its peak so more people got interested into crypto than other earnings now they may retured to their job because their price fell too much after that.

That's exactly what I was talking about: if the market in the downtrend - most of the traders aren't trading, but checking their trading accounts and staring at the graphs; so according to this statistics, it turns out that people just stop visiting the exchanges.

They would not invest the cryptos to other hand like cheap altcoins. You may find the new investors due to all the cryptos are cheap in the market. I am not sure people go toward the crypto currency exchanges in the market.
Because investors would may take for holy week for this Good friday to easter please wait for some week to see the price recoverance.

[TomCrypto]

Indeed with this "bear" market, less people are trading and don't even bother to go to exchange they just check their balance on their portfolio app.
And if you go in google trends you can see that "Bitcoin" as decreased by more than 5 times between mid december and now!
https://trends.google.com/trends/explore?q=Bitcoin

[bitcoinking11]

Due to continued downward trend, people are losing interest in trading. They are not logging in to exchanges as often as they used to when the market was in bull trend. The number of new investors have also dropped sharply.

[gentlemand]

Hmm. Those figures are actually considerably better than I was expecting. Coinbase being the number one app in the IoS store or whatever only had one direction to go after that.

The real test is what happens to visits when the price does nothing for months on end. The price is going in the wrong direction for many a preference, but it's still very volatile and that still attracts people. I'd expect exchange interest to drop by 90% or more in a truly inert period.

[Scallywag]

so you could say at least 50% of the people entering the market then are just people who buy on the hype. these people need a reason to come back and buy bitcoin again , and i don't see it happening very soon. and like someone else said here , it will be really interesting to see what will happen when the bear market stays for at least a couple of months.