trying to understand how when why

YTD 35mn of BTC have been exchanged according to coinmarketcap.com

Coins available for trading (circulating supply - lost coins/long term hodl) is maximum only 1/3 of what has been exchanged YTD

If you take into account that you have a large community of hodlers, the actual coins available is much smaller.

That means the theory of weak hands is only a marginal factor of the down trend

It is mainly wash trading where the same coins are being sold and bought by the same actors. Question is who ? And how long is this sustainable ?

When you do this you it starts with people scared and you can buy BTC for cheaper from them, then you have to fight against fresh fiat taking your bitcoins.

The average daily number of BTC traded is about 1mn that means that with a 6bn of fresh fiat there would be a strong rebound.

We had 300 mn people interested in crypto checking prices on coinmarketcap.com, if they buy to hodl each only 20$ that would bring the 6bn needed to dry the 1bn coins daily washed.

I don't know how low it can go, depends on how long large actors can wash their BTC, but for sure the rebound will be massive when this ends.

Some people are acting to crash BTC, only sure thing is that BTC is the center and entry point of the crypto market, and that when it rebounds gains will be huge and millions are watching for this. Just saying. Timing is key. Don't be too greedy.

https://medium.com/@netcashfx/bitcoin-81a569cab9e7

Any suggestions to improve the story ?

Hi,

I am involved in a project of a hedge fund CTO that his worth following:
A crypto exchange entirely focused on profiting to its community by redistributing trading commissions
via a token that has an actual value.


Work is under progress and we're not asking for money. We'd like to have comments from potential users, have more followers on twitter and medium
to be able to generate enough interest when we are ready to ICO
Helping us from the beginning we grant the right to participate at a private sale with a bonus at a later stage.

Website:
crowdcryptoexchange.com

Medium:
https://medium.com/@CrowdCryptoEx/cryptocrowdexchange-introduction-f3272733c384

Twitter:
https://twitter.com/CrowdCryptoEx

Update: The project will be detailed regularly through medium posts

#1 https://medium.com/@CrowdCryptoEx/cryptocrowdexchange-introduction-f3272733c384


New exchange redistributing 100% of the trading fees to token holders.

Hope it does as good as KCS

https://www.crowdcryptoexchange.com/

https://twitter.com/CrowdCryptoEx

Building awareness

https://www.crowdcryptoexchange.com/

First medium post: https://medium.com/@CrowdCryptoEx/cryptocrowdexchange-introduction-f3272733c384

New exchange redistributing 100% of the trading fees to token holders.

Hope it does as good as KCS

https://www.crowdcryptoexchange.com/

https://twitter.com/CrowdCryptoEx

Please help me to improve these posts:

https://steemit.com/bitcoin/@netcashfx/bitcoin-hyperdeflation-can-t-be-stopped-nocoiners-will-suffer

https://steemit.com/bitcoin/@netcashfx/better-to-be-convinced-late-than-never

Easier to read on medium:

https://medium.com/@netcashfx

I don't know I would be careful I expect a surge soon. Market has been consolidating for a while and already recycled billions. 40k is not far away

It seems like it's not a bubble and more like if you were discovering a new precious stone, the best ever, but people are skeptical and price rises as awareness grows.

I understand that people are scared and want to argue the opposite but so far I don't see convincing arguments but many naive comments

thank you for the comment about manipulation, that means sentence has to be improved. What I wanted to say is at the beginning whales could have huge impact on the price.
Now that the market is very broad, manipulation is sill possible but has much less impact and you have good chances to get rekt when you want to attack the price to buy lower.

Do you find this convincing ? https://twitter.com/NetCashFx/status/942038439356256256

Or do you have arguments against what is written ?

Merci de partager et de commenter pour améliorer l'article: https://twitter.com/NetCashFx/status/941841657779036161

Merci de poster des commentaires si ça vous intéresse: https://medium.com/@netcashfx/nayez-pas-peur-d-acheter-du-bitcoin-63efc77a9c31

I am a strong believer in the price rise because the supply is fixed and the demand growing exponentially. I guess rationally I should put something like 80%. If everybody does it nobody will stop it, it's already too late. I'll diversify a bit with litecoin/monero and some shitcoins. If it blows up I don't mind keep working anyway.

why would you sell ? You're not scared that it goes up way more ? Could easily double from here.

Would you put a small amounts of your savings each month into bitcoins ? That would be a strong signal if everybody started to do this.
How much would you put in % ? I am quite confident to put 10% and raise it slowly from here.

common it just went from a valuation about 10bn to almost 300bn in a year of course it needs some consolidation. People takes profit.

Do you think people understand that it is just money changing hands like if you were making and selling new paintings ?

I wrote an article about it here: https://medium.com/@netcashfx/bitcoins-wealth-is-not-a-threat-152b1a90489d

I was actually looking for ideas

Hi,

What statistics are you using to measure bitcoin interest ?

Like :
Google Trands https://trends.google.co.uk/trends/explore?date=2016-12-31%202017-12-10&q=bitcoin
Rank 257 (US 130) https://www.alexa.com/siteinfo/coinmarketcap.com
Rank 446 (US 97) https://www.alexa.com/siteinfo/coinbase.com
Rank 1979 (US 321) https://www.alexa.com/siteinfo/gdax.com
Rank 3378 (Korea 57) https://www.alexa.com/siteinfo/bithumb.com/
Rank 20 (118,544 stars, 1-5mn install) Coinbase https://play.google.com/store/apps/collection/topselling_free