jcarlo
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January 05, 2019, 08:06:10 AM |
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It could be much bigger than the value on coinmarketcap site. OTC market can not trace and i think its much bigger if government regulate bitcoin trade. But i dont have enough knowledge about OTC market and i think if combine with market on coinmarketcap, maybe market cap value bigger than appears
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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dodgrad
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January 05, 2019, 08:25:43 AM |
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I was wondering ... Are decentralized exchanges also in OTC market? If so, then probably everyone noticed that lately a lot of DEXs show up on the market. This means that the OTC market will grow very fast. Maybe in two - three years OTC market gonna be bigger.. Who knows..
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benres
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January 05, 2019, 11:14:02 AM |
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The truth is cryptocurrency market cap is just a baby compared to stocks total market cap that reaches to multi-trillion US dollars. Cryptocurrency market cap today is about 130 billion US dollars upon this writing. Imagine how small this compared to the stocks market cap. In the last bull run the highest cryptomarket cap reached about 800 billions US dollars and did not even reached a trillion. However many experts on cryptocurrency are projecting a big turn up in the next bull run that will break records in the market cap of the entire world.
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Pettuh4
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January 05, 2019, 11:56:23 AM |
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The truth is cryptocurrency market cap is just a baby compared to stocks total market cap that reaches to multi-trillion US dollars. Cryptocurrency market cap today is about 130 billion US dollars upon this writing. Imagine how small this compared to the stocks market cap. In the last bull run the highest cryptomarket cap reached about 800 billions US dollars and did not even reached a trillion. However many experts on cryptocurrency are projecting a big turn up in the next bull run that will break records in the market cap of the entire world.
Well, these are all speculations and they will remain so until we see them come to fruition. We await the next bull run and whether it comes sooner or later i still believe cryptocurrencies will grow steadily in terms of market capitalization if we give it time for mass adoption in the coming years. |
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ToyotaFortuner
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January 05, 2019, 04:18:08 PM |
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The current cryptocurrency market is very large and very much created, as seen from the coinmarketcap data that provides data that there are 227 exchange places currently widely used to exchange digital currencies such as cryptocurrency, so that the number of 227 exchange places is already so much extraordinary .
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cizatext
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January 05, 2019, 04:36:50 PM |
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The total number of bitcoin being traded can not be calculated base on the fact that the figure on coinmarket is only representing the amount of trade that pass through an exchange like binance and the rest, there are lots of trade being carried out through OTC and those trade are decentralized without any record or third party.
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Dondont
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January 05, 2019, 06:07:23 PM |
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Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
I know it's impossible to determine the exact figure but I believe it's higher compared to the total amount being traded in all combine exchanges. What's your opinion? I dont think so, in my opinion a lot of BTC traded through OTC is also about the same as daily volume. if it's bigger, then it can cause suspicion given that bitcoin transactions can be seen publicly. Thos people who traded it wouldn't give any risk in this case |
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Timmzzy
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January 05, 2019, 06:34:17 PM |
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Circle Executed $24 Billion in OTC Trades in 2018 source : https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018There are a lot of transactions through OTC and based on the above article OTC transactions are not reflected in the cryptocurrency market https://coinmarketcap.com/ since there is OTC does not require 3rd party like crypto Exchanges. I was thinking, maybe there are bigger transactions done through OTC combine, compared to the total marketcap now which is $130,315,196,527 • What's your thoughts on this? The Crypto market is definitely large, many coin comes in, almost every day and the market as a whole will be large in the figure you just put in might be on your own speculations because I know it's going to grow bigger than this. |
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HabBear
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January 06, 2019, 07:47:37 AM |
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I'd argue that OTC trades aren't transactions that are worth tracking. If they don't hit the blockchain they aren't influencing suppy, demand, or the price, no? These OTC trades are just the exchange moving bitcoin one paper from one person's account to another. Nothing's been exchanged, it's an accounting adjustment in the IOU that is banking acounting. the OTC market absolutely affects supply and demand. it's an avenue for buyers to accumulate and sellers to distribute, especially in large volumes. it's important because when OTC supply dries up, buyers head for the exchanges. when OTC demand dries up, sellers head for the exchanges. this can have a big effect on supply and demand. As I've stated and you've stated (bolded)...the only time OTC activitiy influences supply is when demand (or supply for that matter) dries up and seller/buyers head for the exchanges, i.e., transactions occuring over the blockchain. If the transactions don't occur over the blockchain, they don't exist. |
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kouba01
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January 06, 2019, 08:50:13 PM |
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May be it s a fake news..I would to know if is Circle basically Goldman Sachs?
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Bonsaiav
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January 06, 2019, 09:48:37 PM |
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With P2P (the original feature on cryptocurrency), I think there are so many transactions that's not reflected in the crypto market. Because, P2P transaction performance's able to place crypto users to control their own money (without third parties) in the form of crypto, especially bitcoin. Meaning, it's clear that P2P transactions will not be classified into market-cap maybe that's not all. But I'm very sure, only a blockchain that can record all transactions that occur.
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squatter
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STOP SNITCHIN'
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January 06, 2019, 10:39:59 PM |
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As I've stated and you've stated (bolded)...the only time OTC activitiy influences supply is when demand (or supply for that matter) dries up and seller/buyers head for the exchanges, i.e., transactions occuring over the blockchain. That seems to imply that the OTC market plays an important role: It absorbs real supply and demand, which inevitably affects spot prices. If the transactions don't occur over the blockchain, they don't exist.
I don't get it. Let's take an example. Person A puts a sell order for 300 BTC on Bitfinex's OTC trade desk. Person B puts a sell order for 300 BTC on Bitfinex's exchange order book. Both orders get filled. What's the difference? |
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erikoy
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April 06, 2019, 03:32:50 PM |
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We are talking about billions of dollar in the market so what can you say about the figure? Isn't it obvious that market is really that big and establish? Bitcoin itself can go to more than 100B of dollars so how much more if add up to other crypto markets?
Thus, many are earning on it and many also made some losses. It will depend on what strategy you will take to avoid losses.
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kaya11
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April 07, 2019, 02:53:57 AM |
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Oh definitely. If a certain person or entity is planning on buying a huge amounts of bitcoin(we're talking multiple millions-billions), chances are they won't use exchanges like Binance due to the liquidity probably not being enough. Instead, they do OTC probably with the people who handle exchanges, and probably with big-scale miners.
Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
Is there any organization or association, any group of people who is tracking OTC transactions? May it could give positive outcome if the crypto society would know such things, if someone bought huge amounts of BTc I think other traders would be awake and a bull could happen in an instant. Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
I know it's impossible to determine the exact figure but I believe it's higher compared to the total amount being traded in all combine exchanges. What's your opinion? If that's the case then there is no need to go back again in again to coinmarketcap to see changes in the whole market. Oh I feel sad knowing we are just blind and don't know what is really happening. Someone light us up. |
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lyks15
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April 07, 2019, 03:46:24 AM |
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Let's talk about reality. We have a very big market right now and now it's become bigger because many merchant are start to accept butcoin and other cryptocurrency. I think this is the result of bitcoin popularity ans the power of social media. Crypto doesn't need any promotion like tv commercial or big posters along the highways. Bitcoin is already popular I think this is the reason why earn a big market.
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Pattart
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April 07, 2019, 04:53:46 AM |
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Unfortunately I don't think there's an accurate way of knowing how much bitcoin is being traded through OTC, besides these companies publicly announcing them.
I know it's impossible to determine the exact figure but I believe it's higher compared to the total amount being traded in all combine exchanges. What's your opinion? Maybe, because many people also say that the volume in an exchange or marketcap in coinmarketcap.com, it can be manipulated. I think the turnover of funds can be bigger or smaller, but I'm sure with the development of bitcoin right now, of course it's huge |
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aad140386
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April 07, 2019, 07:11:37 AM |
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I also read an article about this and in this article it was stated that large mining companies sell their cryptocurrencies on the over-the-counter markets in large lots by prior arrangement. Accordingly, large investors are also trying to make deals on the over-the-counter market so as not to cause excitement in the markets. It is likely that all this is true because if I were in the place of major players, I would do the same. It also seems to me that a quiet purchase of cryptocurrency by major players in the OTC and exchange trades is happening now, but this is done very carefully so that it is not visible
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Kakmakr
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April 07, 2019, 07:25:07 AM |
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This is why I started this thread --> https://bitcointalk.org/index.php?topic=5128384.msg50480986#msg50480986 because I want those buy trades to be on the Blockchain and having an influence on the price. A lot of the OTC trades are huge and it has to have a influence on the actual "demand" for coins. My understanding of these OTC trades was that actual transactions took place and not just ledger entries on a OTC database.  Are we talking about the same thing here? |
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Beerwizzard
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April 07, 2019, 10:19:57 AM |
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This is why I started this thread --> https://bitcointalk.org/index.php?topic=5128384.msg50480986#msg50480986 because I want those buy trades to be on the Blockchain and having an influence on the price. A lot of the OTC trades are huge and it has to have a influence on the actual "demand" for coins. My understanding of these OTC trades was that actual transactions took place and not just ledger entries on a OTC database. Are we talking about the same thing here? All transactions are shouldn't really influence the price. At least it doesn't work in real world. If you are coming to abroad, brought back some USD with you and have to exchange it to EUR. This operation in bank doesn't really have any influence on the exchange rate. Only the exchange rate will tell you the exact price and you have to follow it. |
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Altero
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April 07, 2019, 10:32:29 AM |
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This is why I started this thread --> https://bitcointalk.org/index.php?topic=5128384.msg50480986#msg50480986 because I want those buy trades to be on the Blockchain and having an influence on the price. A lot of the OTC trades are huge and it has to have a influence on the actual "demand" for coins. My understanding of these OTC trades was that actual transactions took place and not just ledger entries on a OTC database. Are we talking about the same thing here? It really don't affect the price cause it never have a recorded transactions appears in the blockchain. This simply means that huge investors/whales do some market manipulations by using this strategy and taking advantage over the small players. It is not really good to us but we haven't such power to stop them cause they are the so-called big players in crypto and making prices to move. |
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