Are People Buying Bitcoin So They Can Transfer Them To Exchanges for Ethereum & Ripple? Part II

in #bitcoin • 7 years ago (edited)

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Yesterday I posted my Ethereum buying story about how I couldn't find any crypto exchanges that does bank deposits and I had to somehow buy bitcoins and then transfer them different exchanges to swap Ethereum. During this process, it led me to speculate many people are using BTC as a bridge to buy Ethereum and other altcoins because it's almost impossible to buy it with cash deposit.

Here is the story Link ......https://steemit.com/ethereum/@dragonsteem/are-people-buying-bitcoin-so-they-can-transfer-them-to-exchanges-to-buy-ethereum-and-ripple-or-just-trading-btc-to-eth

Today, I found some evidence that support my speculation.

Here are the top 5 crypto exchanges' 24 hour volume rankings.
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from coinmarketcap https://coinmarketcap.com/exchanges/volume/24-hour/all/

As you can see these amazing numbers, Ethereum trading volumes beat everything else by a mile including Bitcoins. Ethereum is taking over so step aside Bitcoin!
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7 years ago in #bitcoin by
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