What Are Your Feelings On Trading Volume ?
Recent reports have come out saying that upwards 90% of bitcoin trading volumes are wash or fake transactions taking place on junk exchanges.
Do you feel that is the case?
When you look at the overall trend of volume and bitcoin you can see it is still slowing down. However does that mean it is less valuable?
I feel like many of us still stack up buy and hold and never really give up our bitcoin.
There have been FEW and I mean very few things I have given up some of my bitcoin for. But I have been trying to use it a bit more in my daily business.
However I always have a pit in my stomach when doing it feeling that that bitcoin could of been worth 5x what it was when I just used it to buy something in a months time lol.
Id really love to hear your opinions and voice on this.
Are you a stacker and never really use your bitcoin you just keep accumulating or do you do daily trading etc?
It are not all junk exchanges because one report says so, how much is true in this report?. Volumes wash or fake transactions have always been taken place, because exchanges can earn up to 3 million with that, so it all about the money. There is nothing wrong about that. Financials like banks create money out of nothing, nobody complains.
Yeah, it was always fake volume from bull run and the crash of bitcoin in the last two years... the crypto community is still really small but that’s a good thing, we are setting ourselves to be the early birds 😂
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i use wirex card as i can hodl bitcoin until the moment i need to change some into fiat. Ok it's a top-up card, but is next best thing to just using bitcoin for what was intended.
Bitcoin is currently a great store of value so no reason to trade it or use for purchases until adoption comes full swing. Volumes are tricky due to the exchange manipulating volumes but also consider that many larger transactions are happening but not accounted for due to them taking place in the OTC markets.
Posted using Partiko iOS
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