price bitcoin vs volume
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Does anyone understand the fact the volume trading if you look at coinmarketcap… if you divide volume price (in dollars) to price bitcoins … about 570.000 bitcoins are being traded last 24 hours… isnt strange that with these prices 9000+ for 1 bitcoin … more coins are being traded … wouldt it be more logical that less botcoins are being traded… like hold on to bitcoin and price goes up… suppy demand would say price goes up… but now it looks like the more trades the higher the price ?
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Well as i see it , the 24 hour volume is a more accurate representation of where a coin is in terms of value . The higher the trading volume the higher the actual value of the coin . Both as an asset , seen in the price increase , and as fiat alternative . The numbers seem impressive but we still are at the start of a long road . I mean , the total 24 hour volume of all coins is 13 billion dollars , and the global volume of fiat currency trading is over 5 trilion a day . Thats 400 times more that the cryptos combined .