Cryptsy coin volume

[decrypter]

I just joined these forums but have been messing around with alt-coins for about a month now. When I first started
I wondered what the difference between all these coins was and which coin to mine/trade if any. Other than
evaluating each coin on its merits (make sure its not a scam) a good measure of what to mine/trade can be found
by looking at how active it is on an exchange. My exchange of choice because it has the most pairs is Cryptsy.

At the following link you can find a table of coins traded on Cryptsy, sorted in descending order by USD value traded in last 24 hours.
I used the current price of BTC on BTC-e ($740) for that conversion.

As you can see the DOGE, LTC, WDC, QRK & PTS are the most actively traded BTC pairs.

Here: https://docs.google.com/spreadsheet/pub?key=0AnTvbCwD-jbKdDB0UlhkeXlfTWtNdGVOVTVsaEo5TGc&single=true&gid=1&output=html

NOTE: This table only lists BTC pairs and not LTC or XPM pairs. I may do those later.

I hope you have found this information useful.

[jonanon]

Cool post, you have to bear in mind that lots of those 'trades' are miners dumping all their mined coins.

I trade ANC and sometimes UBO - I think the best 2 alts!

 

[decrypter]

True, it may just be miners dumping their mined coins; however it shows that there are buyers/demand for those coins.
Mined coins with no willing buyers is a bad sign.

I might make another chart table listing the biggest difference in buy/sell pressure. That will easily highlight demand or the lack thereof.

[jonanon]

Cool, yeah you're right there must be some demand.

When investing in coins I would research in to the coins first not just base it on trade volume,

[decrypter]

Yes, of course trade volume is not the only factor to use in determining which coin to mine.

[Semer]

Hey,

try Dogecoin wop wop.

[qqcoins]

great place to dump 

[decrypter]

Hey,

try Dogecoin wop wop.

No DOGE for me... even if it is number one in volume.

[charles99]

right now they aren't that reliable but they are one of the few shwos in town so what choice you got right?

[infinitybo]

@Charles99 Yes by now however they are mostly reliable sometimes.

[Framewood]

right now they aren't that reliable but they are one of the few shwos in town so what choice you got right?

I also went through the Crypsy account panic with coins stuck in pending when I first started, but it was at a time when there was an overwhelming demand for coins. In the end when things settled they sorted it all out and communicated through their ticket system. On other hand when I tried Bter same thing happened but they did not communicate with anyone. My support emails just bounced back. Eventually a week later my balance appeared and I simply took it straight out. They lost a customer for zero communications.

[zeraTunerse]

Yes, of course trade volume is not the only factor to use in determining which coin to mine.

Only factor which coin to mine for me is profitability.

[templebar]

Hey,

try Dogecoin wop wop.

No DOGE for me... even if it is number one in volume.

DOGE could bounce back in 2014 beacuse of its volume and ease of use.