whales are getting prepared for the winter
they are taking the last low cost train
they are taking the last low cost train
Kind of dangerous trying to catch a falling knife. Easier to buy when the trend is confirmed.
Topic: Someone is buying ... a lot more than in May - page 2. (Read 3189 times)
Kind of dangerous trying to catch a falling knife. Easier to buy when the trend is confirmed.
whales are getting prepared for the winter
they are taking the last low cost train
they are taking the last low cost train
Volume always increases when volatility increases. When prices are stable people tend to sit on their positions, but when there is a crash or rally people tend to jump in or out. Every seller has to find a buyer, so these numbers just reflect more sellers. The way you tell that the sellers are driving the sales in this case is by looking at the price... the price is crashing because sellers are being forced to lower their prices to attract buyers.
Most of the sellers rebuy cheaper.
Nothing but good news, still a selling spree....
Are those sellers retarded or what?
Are those sellers retarded or what?
For every buyer, there is a seller. So saying there is a lot of buying doesn't really mean much since there is a somewhat equal side of seller.
What matters is the volume relative to price movement. The reason the OP's observation is a good one is that a comparison is being made between the volume when price rose in May vs. the recent volume during which the price has retraced most of that rally. If everything were perfectly the same and balanced, then the volume on the decline should equal the volume on the rally. So looking at the difference can give you some insight on general sentiment. The fact that recent volume has been much larger suggests that more people are willing to buy. If there weren't, then the price would have dropped a lot more than it has. This bodes well for price once the selling subsides.This, of course, is just looking at the technicals. Fundamentals can step in and trump those at any time.
I guess some exchanges are suspicious to these dumps. They earn huge money (fees) when the the price fluctuates. At the same time, they can earn more by manipulating the market.
and he want to buy at this price, maybe he is the the one who dumped hoping for a better bottom, but then he changed his mind
Great observation. I honestly don't think what makes the buyer to buy a ton of bitcoins. I'm a newbie in terms of speculating so I don't know the main reasons why a buyer would be interested in investing so much into bitcoin knowing that the price of the bitcoin itself is very volatile and may reach ath or crash down. Either way, it's still a great deal knowing that somebody out there supports the idea of bitcoin, whatever his/her reasons may be.
Very good observation.
It looks we have some ''big'' investors here, people who expect that price of Bitcoin will go soon up and now investing a lot.
But, such investing is always risky in my opinion because Bitcoin price is not stable yet, going up and down all the time.
For every buyer, there is a seller. So saying there is a lot of buying doesn't really mean much since there is a somewhat equal side of seller.
Great observation. I honestly don't think what makes the buyer to buy a ton of bitcoins. I'm a newbie in terms of speculating so I don't know the main reasons why a buyer would be interested in investing so much into bitcoin knowing that the price of the bitcoin itself is very volatile and may reach ath or crash down. Either way, it's still a great deal knowing that somebody out there supports the idea of bitcoin, whatever his/her reasons may be.
This is a fantastic time to be buying BTC - the price will certainly be going much higher than it is now, you just have to have the patience to "be right and sit tight" as they say 
That is interesting. Didn't know someone was buying this much. They are either seeing something we are not or are hoping it will come up soon again, either way I think it is a good thing.
The selling is driving the decline though, not the buyer matching the transactions.
The sell order has to come first (in this case) otherwise the price would be rising. That said, since the seller is initiating the transaction the buyer could be the exchanges, companies like Coinbase, other intermediaries, or folks trying to establish hedge fund style investments in Bitcoin (i.e., the Winklevoss boys or other Silicon Valley partners).
Other thoughts?
The sell order has to come first (in this case) otherwise the price would be rising. That said, since the seller is initiating the transaction the buyer could be the exchanges, companies like Coinbase, other intermediaries, or folks trying to establish hedge fund style investments in Bitcoin (i.e., the Winklevoss boys or other Silicon Valley partners).
Other thoughts?
every seller has a buyer. When comparing dollar volume May 1-15 to Aug 1-15 $470 Million vs $910 Million..who bought the $440 Million difference and why? Yes .trading more volume is the reason but who is ending up with these coins from the sellers who do not re-buy?
http://www.quandl.com/BCHAIN/ETRVU-Bitcoin-Estimated-Transaction-Volume-USD
(click ..show data table at bottom)
2014-08-15 70,769,052
2014-08-14 71,895,364
2014-08-13 68,379,694
2014-08-12 61,158,740
2014-08-11 43,216,125
2014-08-10 32,787,195
2014-08-09 54,302,397
2014-08-08 45,449,194
2014-08-07 59,188,716
2014-08-06 67,991,855
2014-08-05 79,118,450
2014-08-04 62,191,353
2014-08-03 29,031,951
2014-08-02 43,348,752
2014-08-01 100,060,676
May 15 46,127,940
May 14 48,513,550
May13 36,980,698
May12 30,389,352
May11 21,490,294
May10 26,280,241
May9 36,496,136
May8 35,810,226
May7 48,283,519
May6 31,858,652
May5 27,165,713
May4 22,701,368
May3 30,993,631
May2 30,977,946
May1 34,892,425
Jump to: