Twitter | Search | |
Charlie Lee [LTC]
This is what the top 30 coins look like if using VWMC (Volume Weighted Market Cap). See for more info on VWMC.
Reply Retweet Like More
Barry Dutton Feb 8
Replying to @SatoshiLite
Great stuff. I said similar in my 2 articles recently on Steemit I wrote about ! (U never see out of the top 10)
Reply Retweet Like
Dario Feb 8
Interesting. But 24h doesn't mean much
Reply Retweet Like
Oscar M Rivera Feb 8
Replying to @SatoshiLite
It's an idea that REALLY makes sense
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @paul_btc @theonevortex
You can always use a weighted 24hr volume for the last month. That will help smooth out daily movement
Reply Retweet Like
Alan Feb 8
Replying to @SatoshiLite
so basically only the coins listed on poloniex?
Reply Retweet Like
Sam Mandel Feb 8
Replying to @SatoshiLite
good idea but i think maybe you should work out monthly vol in the formula & bring that 1% basis to the actual rate 1/2
Reply Retweet Like
Dario Feb 8
was writing the same
Reply Retweet Like
Sam Mandel Feb 8
Replying to @SatoshiLite
to get a more accurate number. Also why have the upper limit of 1 on the multiplier?
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @samalex97
You mean use monthly volume and with 30% of marketcap instead of daily with 1%?
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @samalex97
You don't want volume to increase the actual marketcap. It can only decrease if a coin has low liquidity.
Reply Retweet Like
cinnamon_carter Feb 8
Replying to @SatoshiLite
What source/stats are you using for volume ? Overall your theme is valid. Lack of liquidity is an issue.
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @cinnamon_carter
Just using data.
Reply Retweet Like
Sam Mandel Feb 8
Replying to @SatoshiLite
mm.. just noticed for coincap they give 24h vol. china volume for 30d dataset is still showing fake vol so cant use that yet.
Reply Retweet Like
Sam Mandel Feb 8
Replying to @SatoshiLite
with more data this could be a crazy useful set. Know if altcoins have a chart like this?
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @samalex97
well not that it matters much because China only has btc and ltc data
Reply Retweet Like
Sam Mandel Feb 8
Replying to @SatoshiLite
if you compare the alt tx volume with btc as base that would probably be the most accurate vwmc
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @samalex97
but most coins are not necessarily used for value transfer. So this comparison is uselss.
Reply Retweet Like
Charlie Lee [LTC] Feb 8
Replying to @SatoshiLite
This will correctly "punish" coins that purposely lock up liquidity thereby decreasing float to pump up "martketcap". XRP STEEM
Reply Retweet Like
AltcoinGodson [Down in BTC & USD] Feb 8
Replying to @SatoshiLite
yes coblee cos faking volume on a high premine won't get around this. Accept it ur shitcoin is declining stop moving the post.
Reply Retweet Like