Should I buy back now? Sold at the price of 394 out of 395.
The market already answered: wait for the bottom.
I wonder if this bottom will be prolonged or just a flash crash.
Topic: Great New Crashcorrection (fulfilled) - page 6. (Read 14831 times)
The market already answered: wait for the bottom.
I wonder if this bottom will be prolonged or just a flash crash.
Should I buy back now? Sold at the price of 394 out of 395.
The market already answered: wait for the bottom.
Should I buy back now? Sold at the price of 394 out of 395.
Not sure why people are saying "monthly volume" you guys do know the charts all share the same url right? Click on price & volume and daily and you can see daily volume across all exchanges.
Looks lower to me:
And remember this is with 0 Fee China inflating it quite a bit. Not people trading on high-fee Gox, like April.
And remember this is with 0 Fee China inflating it quite a bit. Not people trading on high-fee Gox, like April.
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
Again, still the amount of Bitcoins traded is much lower than in April.
look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa
You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.
Bah quit beating me to it you bloody whippersnappers
Thats a nice tool. Your monthly volume, I grant you is lower, I think at that granularity it misses something though. Looking at weekly volume's I'm not so sure its as clear cut as you imply.
Look at the volume in the whole run up to 260, vs the volume now, that big peak in April, thats the correction and churn following the run up.
The underlying assumption about BTC volume is what puzzles me most though, if the BTC price in fiat is much lower, then of course the same amount of currency, is going to move a lot more BTC volume.
I think the amount of fiat being moved around the BTC market is a more important indicator of the relative 'trade volume' compared to April no?
To be clear, I expect a correction at some point, despite any of my other 'to da moon' posts I may have made (gotta enjoy it when its going well!). I just don't think you can say this move isn't supported by volume based on the data I have seen so far.
Look at the volume in the whole run up to 260, vs the volume now, that big peak in April, thats the correction and churn following the run up.
The underlying assumption about BTC volume is what puzzles me most though, if the BTC price in fiat is much lower, then of course the same amount of currency, is going to move a lot more BTC volume.
I think the amount of fiat being moved around the BTC market is a more important indicator of the relative 'trade volume' compared to April no?
To be clear, I expect a correction at some point, despite any of my other 'to da moon' posts I may have made (gotta enjoy it when its going well!). I just don't think you can say this move isn't supported by volume based on the data I have seen so far.
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
Again, still the amount of Bitcoins traded is much lower than in April.
look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa
You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.
http://data.bitcoinity.org/#ccacdfejaa
e: apparently not you are right that is part of the crash.
http://data.bitcoinity.org/#ccacdfejaa
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
Again, still the amount of Bitcoins traded is much lower than in April.
look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa
You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
Again, still the amount of Bitcoins traded is much lower than in April.
look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa
Ah, ok scratch that - I see from your chart...
overall bitcoin volume is much lower than in april.
I'm not so sure about that if you compare the volume just before the April crash with current volumes, the volume is just shared over more exchanges. The price of bitcoin is also much higher, and obviously you would expect that the volume during a crash like we saw in April would be very high. Once the coins return to the exchanges we will definitely see record volumes, even in bitcoin at these prices.
Sorry, cross posted before your reply - the question remains - how much lower BTC volume?
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
Again, still the amount of Bitcoins traded is much lower than in April.
look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa
overall bitcoin volume is much lower than in april.
How much lower?
You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv
overall bitcoin volume is much lower than in april.
I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential!
Queue angry, self assured, post rationalizing Bitcoin zealot in 3....2.....1......
It is quite interesting there is little to no volume beneath it like April. Nice chart.
This "low volume" you speak of...?
http://bitcoincharts.com/charts/btcnCNY#rg360zigDailyztgSzm1g10zm2g25zvzcv
In China, a local drop in money flow should reach a bottom in about an hour, could be the start of a correction.
what do you mean?
I mean that when a correction is expected, and the money flow index is at a local low, it's a good time for a correction to start.
If the correction is about to end, then a local low in money flow is a good time to buy back, because is going to go up again.
In China, a local drop in money flow should reach a bottom in about an hour, could be the start of a correction.
what do you mean?
In China, a local drop in money flow should reach a bottom in about an hour, could be the start of a correction.
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