Quote from: Za1n on March 07, 2016, 12:30:53 AM

Quote from: willope on March 05, 2016, 12:15:55 PM

Yes, everyone knoves that it's a bubble. What I am saying is that it's totally artificial. I realised it looking at coinmarketcap charts.
Almost all of the trading volume goes trought Poloniex and Kraken. On poloniex there's almost ONLY eth/btc volume, no eth/usd volume at all. Kraken actually has eth/usd volume but much smaller than eth/btc.
For me it means than NO FIAT MONEY is flowing in ethereum market cap, it's only that a few btc whales are shorting bitcoin to make money on ethereum pump and then to buy more btc with the profit.
AAAnd, one more time noobs will be fooled.

This is probably due to the fact that Poloniex does not trade in fiat currencies, only in crytpocurrencies. They offer USDT (Tether) which is not fiat, and if you have to exchange to tether to trade most people would probably just as soon exchange into BTC to begin with.

While Kraken does offer trading in fiat, keep in mind that there are withdrawal limits in place for how much fiat you can withdrawal daily based upon your level of verification. There are no limits on withdrawing cryptocurrencies once you are verified to Tier 2. So for people who trade in large amounts (where most of the volume comes from), there are benefits for keeping the funds in crypto.

Also they only allow it for a handful of countries and i don't think most of the people are really impressed with the verifications and all that stuff.

Quote from: chesthing on March 07, 2016, 03:39:05 AM

ETH pumped, and soon dumped. Of course it's artificial, is anyone naive enough to think it sat at 200k sats for 3 months then the buying public decided it was worth 15x that in a few days?

There could be a significant amount of volume being traded by Traders.Not all of the volume is bought by people? Tongue