Satoshi Capital Research‏ @chartingbitcoinDespite being a year...

Satoshi Capital Research‏ @chartingbitcoin

Despite being a year long bear market, over $2 trillion worth of bitcoin was traded in 2018. #RealMoney@CoinMarketCap

10:37 PM - 30 Nov 2018

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1. 1. Satoshi Capital Research‏ @chartingbitcoinNov 30

Percent change is calculated using year ahead-year prior. Utilizing traditional year prior-year ahead calc:2018: 153%2017: 2,666%2016: 154%2015: 35%

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Eduardo Bitcoin‏ @eduardobitcacheDec 1

Replying to @chartingbitcoin@CoinMarketCap

I'd like to know how the calculation is done cause when you send bitcoin you spend all the bitcoins in the utxo even though you just want to send a tiny part of it.

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Satoshi Capital Research‏ @chartingbitcoinDec 1

It sounds like you're referring to on-block transaction volume, not off-block trading volume. Transaction volume (value of STXOs) occurs on blocks using bitcoin's decentralized network. Trading volume occurs off blocks using centralized exchange platforms.

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Anton‏ @Anton_2708Dec 1

Replying to @chartingbitcoin@CoinMarketCap

Thanks to derivatives so they traded every holders bitcoin multiple times. Sounds like gold and silver market

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Satoshi Capital Research‏ @chartingbitcoinDec 1

Derivs, and by that I mean mostly @BitMEXdotcom (shout out to @BitMEXResearch), certainly account for a meaningful percentage of total volumes. Although generally account for less than 30% of total volume, with the rest being spot volume.We see further growth ahead, however.

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