If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

Many reasons to be dubious about bitcoin and its liquidity and how much wash trading goes on, but it seems a bit odd to judge it by the amount of outstanding coin being traded. How much gold that exists is actively traded? Or even the same question for a typical company stock?

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#5

Post by kristianp » Mon, Dec 09, 2019, 10:09 PM UTC

So most bitcoin isn't moving. That's not new.

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#6

Post by RandomTisk » Mon, Dec 09, 2019, 10:12 PM UTC

Where is the lightning network, so people can buy common, small dollar amounts of goods and services with BTC? IMO that's going to be the next catalyst, it's slowly fading out until it's at least technologically possible to go mainstream.

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#7

Post by aidenn0 » Mon, Dec 09, 2019, 10:17 PM UTC

rwmj wrote: post #4

Many reasons to be dubious about bitcoin and its liquidity and how much wash trading goes on, but it seems a bit odd to judge it by the amount of outstanding coin being traded. How much gold that exists is actively traded? Or even the same question for a typical company stock?

100s of billions of dollars of gold is traded each day.

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#8

Post by scrooched_moose » Mon, Dec 09, 2019, 10:19 PM UTC

rwmj wrote: post #4

Many reasons to be dubious about bitcoin and its liquidity and how much wash trading goes on, but it seems a bit odd to judge it by the amount of outstanding coin being traded. How much gold that exists is actively traded? Or even the same question for a typical company stock?

Because Bitcoin is (at least theoretically) a currency. You're comparing it to a commodity or store of value.

The power of a currency is the ability to trade it for goods and services. If that is no longer happening with Bitcoin it has morphed into something else entirely.

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#9

Post by Findeton » Mon, Dec 09, 2019, 10:19 PM UTC

aidenn0 wrote: post #7

rwmj wrote: post #4

Many reasons to be dubious about bitcoin and its liquidity and how much wash trading goes on, but it seems a bit odd to judge it by the amount of outstanding coin being traded. How much gold that exists is actively traded? Or even the same question for a typical company stock?

100s of billions of dollars of gold is traded each day.

On options maybe.

Re: If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t

#10

Post by rwmj » Mon, Dec 09, 2019, 10:19 PM UTC

aidenn0 wrote: post #7

rwmj wrote: post #4

Many reasons to be dubious about bitcoin and its liquidity and how much wash trading goes on, but it seems a bit odd to judge it by the amount of outstanding coin being traded. How much gold that exists is actively traded? Or even the same question for a typical company stock?

100s of billions of dollars of gold is traded each day.

That could be the same gold being traded multiple times per day. What % of all gold extracted from the ground is traded annually?