Market development

[iTradeBit]

Hi friends!
The crypto market is growing and developing. Binance reaches a daily trading volume of $ 1 billion. How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

[decey]

This will be a development direction in the future.

[abue]

not only for binance also for many exchanges

[sunsilk]

Can't give a number for the g that but Binance has been showing its great power as one of the market leader in terms of exchanges. And that also shows on how much interest the market is gaining from the new comers and investors of the market.

It will continue no matter how deep we fall for this year. The market is just starting to recover and don't think about the maximum yet because it hasn't come up to this moment.

[BagzMM]

Yes, market development will continue but i cannot guarantee how much it would be. But let us just hope for the brighter one.

[Shafiqul Islam]

Yes market increase but now market is decreasing again. Seeing green signal in cryptocurrencies market caps prices chart I think market will feedback.but falling again...

[Kemarit]

Just imagine this. We are in a bear market and as you have said Binance is reaching a daily trading volume of $1 billion daily (if that is true). So do you think it will balloon if we are in a bullish trend? Obviously, yes it will so growth will continue might be slower though in bearish market. But there's no doubt that in the next 5-10 years, we might see numbers we didn't think is possible as this point.

[Slow death]

The crypto market is growing and developing.

I still believe that the growth is still very slow, note that for people living in my country there is no exchange to buy bitcoin using our visa card and in the same exchange we make withdrawals for our visa card, that means we still have a long way to go mass adoption

Binance reaches a daily trading volume of $ 1 billion.

Binance is doing a good job.

How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

forget ATH for this year and even next year, focus on increasing moderate prices

[Potato Chips]

If more users come, it will certainly get bigger especially if crypto gains a lot of attention again and more new people come, binance is one of the exchanges which are likely to be recommended. That is ofc, if they did not turned into a shit service at that time.

Hmm. Exchanges are tied to cryptos so I guess It'll be when we enter a bullish market. Where did you get this info about binance anyway? when was it published? and when you say daily trading volume, do you mean its contant? or its like their ATH in just a day? cause you said "How do you think it will reach another maximum before new year," after that.

[fasdorcas]

Can't give a number for the g that but Binance has been showing its great power as one of the market leader in terms of exchanges. And that also shows on how much interest the market is gaining from the new comers and investors of the market.

It will continue no matter how deep we fall for this year. The market is just starting to recover and don't think about the maximum yet because it hasn't come up to this moment.

Honestly, Binance has really been able to show themselves worthy of being in the spot light and they are trying every means possible to stay in that spot light obviously. We have seen the rate at which they have grown rapidly over the years, the way investors have seen them as the best spot to at least trade due to some of the great features and benefits, and of course, this is something a lot of exchanges are not yet ready for.

IMHO, I will say Binance is really cutting it perfectly all the way, and they will get to develop more than this, considering the fact that they are even beginning to penetrate Africa.

[Hans17]

Hi friends!
The crypto market is growing and developing. Binance reaches a daily trading volume of $ 1 billion. How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

Well for me and logically based we somehow need to lay low as of now like bitcoin do, because now the currently state of bitcoin is quite low and the demand too is to low because of the price, i hope in the next year , we get some or we see some greater prices, but still a theory that not yet concluded still looking forward for it's success.

[sunsilk]

Can't give a number for that but Binance has been showing its great power as one of the market leader in terms of exchanges. And that also shows on how much interest the market is gaining from the new comers and investors of the market.

It will continue no matter how deep we fall for this year. The market is just starting to recover and don't think about the maximum yet because it hasn't come up to this moment.

Honestly, Binance has really been able to show themselves worthy of being in the spot light and they are trying every means possible to stay in that spot light obviously. We have seen the rate at which they have grown rapidly over the years, the way investors have seen them as the best spot to at least trade due to some of the great features and benefits, and of course, this is something a lot of exchanges are not yet ready for.

IMHO, I will say Binance is really cutting it perfectly all the way, and they will get to develop more than this, considering the fact that they are even beginning to penetrate Africa.

I remember the news before when they were just few months with their operations and they manage to be at the top. They are developing more so they can give the needs of the traders, the best trading experience.

When was that news about they are penetrating to Africa? I've never heard of that, I only know that they are opening on Malta.

[yoshpik]

those exchanges volume numbers you are referring to are artificially pumped by the very same exchanges trading on their own venues

they can't be taken as a serious indicator to measure the cryptonomy health

[slaman29]

those exchanges volume numbers you are referring to are artificially pumped by the very same exchanges trading on their own venues

they can't be taken as a serious indicator to measure the cryptonomy health

The worse thing for me here is that this wash trading is even known, and exchanges in general haven't really denied it, nor are they trying to stop it, since for them, they collect commissions on both ways of wash trading. In fact, with those new exchanges giving trans mining fees, this behavior is now apparently even more encouraged. So we're seeing a lot of fake volumes on these CEXs. So correct, can be taken as indicators, but assume a big portion of it is fake from wash trading.

[yoshpik]

yep
I actually came across this report https://www.blockchaintransparency.org/november2018 today researching the subject, just look at those pumped up numbers lol

[Cosbycoin]

those exchanges volume numbers you are referring to are artificially pumped by the very same exchanges trading on their own venues

they can't be taken as a serious indicator to measure the cryptonomy health

The worse thing for me here is that this wash trading is even known, and exchanges in general haven't really denied it, nor are they trying to stop it, since for them, they collect commissions on both ways of wash trading. In fact, with those new exchanges giving trans mining fees, this behavior is now apparently even more encouraged. So we're seeing a lot of fake volumes on these CEXs. So correct, can be taken as indicators, but assume a big portion of it is fake from wash trading.

They would not stop it since there is no law in place to actually make that happen and I won't be surprised if the exchanges themselves are not even the major culprit in all these. Exchanges are trying as much as possible to keep gaining recognition with volume, and since this is a space with no regulation at all, this is something that we obviously will get to keep seeing for now.

It is even a lot worst with some smaller exchanges, as they obviously will want to stay on the top list of exchanges anyway, but I want to see how far that would go in the long run.

[Ayemi1989]

Presently the market is getting worse every day but I'm very sure it would started developing in the nearest future which could be next year.

[Matthewmorris4]

Hi friends!
The crypto market is growing and developing. Binance reaches a daily trading volume of $ 1 billion. How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

It seems that because of the recent hash wars, rapid growth does not seem to be happening, instead what happens is the opposite, all markets are flushed up to an uncertain time, even 2019 is also no guarantee that crypto still has a bright market if we look at current conditions

[richmcrich]

Hi friends!
The crypto market is growing and developing. Binance reaches a daily trading volume of $ 1 billion. How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

Well for me and logically based we somehow need to lay low as of now like bitcoin do, because now the currently state of bitcoin is quite low and the demand too is to low because of the price, i hope in the next year , we get some or we see some greater prices, but still a theory that not yet concluded still looking forward for it's success.

I usually do not always trust the volume on exchanges, considering the fact that a lot of them are tampered with by the exchanges, just to stay on top and attract a lot of traders and investors.

However, there is actually no doubt that Binance is one of the top notch exchanges we have in the space right now, great features for trading, as well as very fantastic fee which has made a lot of traders to consider it a very good option when it comes to trading cryptocurrencies and most especially for high volume day traders most especially but that does not change the fact that volumes are manipulated.

[cabron]

Hi friends!
The crypto market is growing and developing. Binance reaches a daily trading volume of $ 1 billion. How do you think it will reach another maximum before new year, or rapid growth willcontinue next year?

Well for me and logically based we somehow need to lay low as of now like bitcoin do, because now the currently state of bitcoin is quite low and the demand too is to low because of the price, i hope in the next year , we get some or we see some greater prices, but still a theory that not yet concluded still looking forward for it's success.

I usually do not always trust the volume on exchanges, considering the fact that a lot of them are tampered with by the exchanges, just to stay on top and attract a lot of traders and investors.

However, there is actually no doubt that Binance is one of the top notch exchanges we have in the space right now, great features for trading, as well as very fantastic fee which has made a lot of traders to consider it a very good option when it comes to trading cryptocurrencies and most especially for high volume day traders most especially but that does not change the fact that volumes are manipulated.

Binance is what most of the users are using right now, I think there is a fact of the huge volume they record. The market these days are just not so bearable to look at but for someone who is looking to profit in the future, this is a good indication for them to get into crypto. If the bear continues to roll til the year end then I guess there will be longer months to wait before the bulls takeover.