Post
Topic
Board Speculation
Re: The occurrence of bitcoin price movements from year to year
by
1Referee
on 27/09/2018, 12:32:44 UTC
The only intersting thing about those charts is the 24hour bitcoin trading volume.
2013-0
2014/15-82,333,800
2016/17-190,215,000
2017/18-14,649,800,000

This is the real picture of global bitcoin growth,not the price movement. Grin

It shows growth for sure, but it's quite inflated as well. Firstly because you're only looking at peak volume moments, and secondly, as time goes by more exchanges are added to CMC, which autmatically adds way more volume, even in case there hasn't really been that much organic growth at all.

Another thing to take in mind is that Asian exchanges are champion in faking volumes, which has been a major contributor to globally increasing trading volumes as well, and let Asian exchanges be the main price drivers of the last year(s). In other words, everything concerning volumes should be taken with a grain of salt. Smiley