Most of the volume is fake. Anyone who's been in crypto in 2017 knows that crypto market activity was way higher in December 2017 compared to now.
LOL
Logan Garcia
Ethan Parker
Put it this way, put the amount of USD traded worldwide and the corresponding equivalent volume in BTC but not USD: nonsensical
wash trades, painting the red tape, market manipulation
Jose Kelly
btc is not at the point where it's so universal, valuable and accepted that you measure it only in terms of its own units. still need a frame of reference and that frame of reference is USD.
and that's why TDV is useful it shows exactly that. need a frame of reference especially when btc is so volatile and a 3% daily move in the stock market is considered a big move.
Brody Cox
The whole point of BTC was to use it as a currency based on Satoshi's whitepaper. Holding BTC completely goes against that use case. Reducing liquidity of an BTC doesn't make it appealing and completely contradicts with the idea of a free market.
Cooper Rivera
The idea of using bitcoin as a store of value but not cash is amusing. The most popular store of value IS cash.
Anthony Bennett
>the most popular store of value is cash
Long term store of value can never be cash