The Price of bitcoin and a whole raft of crypto currencies are up a lot lately. It seems like everyone wants a slice of cryptographic pie, people are talking about it, but when we look at the charts it looks like less people are buying now than in 2013.
Bitstamp
OK Coin and Chinese volume seems to have completely dropped off months ago and haven't picked up. In part because of removal of bitcoin with drawals and leverage.
People say that a lot of new volume is on in Korea and . With their top exchanges bithumb and Bitflyer respectively. They stand rank currently at number 2 and three of exchanges world wide.
Overall we can see that the total USD volume has gone up some. 300million, that's a worldwide figure) but not nearly as much as you might expect. Coinhills is a good site to check exchange volumes.
Polinex as number 1 ranked exchange, seems to be dominating the market. It offers a large variety of Altcoins. Given that fiat volumes are not that high, could this altcoin trading be helping to fuel the boom. Altcoin prices are going up faster than bitcoin in many places but are very volatile. So people need to get in and out of altcoins and when they do that the go through bitcoin because it's like the USD of the cryptocurrency world.
My prediction made here and here again are coming true, but a lot more that I didn't expect could be taking shape.
Bitstamp
OK Coin and Chinese volume seems to have completely dropped off months ago and haven't picked up. In part because of removal of bitcoin with drawals and leverage.
People say that a lot of new volume is on in Korea and . With their top exchanges bithumb and Bitflyer respectively. They stand rank currently at number 2 and three of exchanges world wide.
Overall we can see that the total USD volume has gone up some. 300million, that's a worldwide figure) but not nearly as much as you might expect. Coinhills is a good site to check exchange volumes.
Polinex as number 1 ranked exchange, seems to be dominating the market. It offers a large variety of Altcoins. Given that fiat volumes are not that high, could this altcoin trading be helping to fuel the boom. Altcoin prices are going up faster than bitcoin in many places but are very volatile. So people need to get in and out of altcoins and when they do that the go through bitcoin because it's like the USD of the cryptocurrency world.
My prediction made here and here again are coming true, but a lot more that I didn't expect could be taking shape.
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