Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: toknormal on June 13, 2016, 11:23:00 AM

Quote from: pariahbit on June 13, 2016, 11:13:11 AM

Relative market volume is higher.

If you want to invent metrics to suit your case and use "relative market volume" as a measure then I think you'll find you got blown away by YB Coin which had 32 times more "Relative market volume" than Ethereum Wink

That's why market volume is only relevant when huge spreads develop, i.e. you can't sell enough of your coin @spot. Clearly that's not the case for ETH, it's growing at an astounding rate, the price is skyrocketing. Bitcoin, OTH? Struggling to stay 1/2 its ATH Sad

And that's OK, because it's not about money. BTC has a thriving, vibrant community

Edit: but feel free to explain to me how "Ethereum's gain (against $USD) is because people are buying BTC, not Ether" works Cheesy