The European volume is increasing.
by miniscule absolute amounts.
All I notice is that flipping on the left scale from "5.5M" to "100K"
Topic: something is happening in europe :) (Read 2495 times)
by miniscule absolute amounts.
All I notice is that flipping on the left scale from "5.5M" to "100K"
Look at Intersango!
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
This is good for various reasons. One, finally a chance for a shift away from the monopoly. Two, Intersango seems to be good at security. And three, someone takes care specifically of the European market, which seemed neglected at times.
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
This is good for various reasons. One, finally a chance for a shift away from the monopoly. Two, Intersango seems to be good at security. And three, someone takes care specifically of the European market, which seemed neglected at times.
I'm sure a lot of it is arbitrage now that markets are more volatile. I know I bought about 4,000 EUR worth of bitcoins today that I sold elsewhere.
Look at Intersango!
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
True, lets hope the volume increase continues, because atm its volume compared to USD traded at MtGox is close to insignificant.
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This is good for various reasons. One, finally a chance for a shift away from the monopoly. Two, Intersango seems to be good at security. And three, someone takes care specifically of the European market, which seemed neglected at times.
I, as a European can only welcome a gowth of this market!
P.S.: I already took Intersango's volume(-rise) into account in my post further up
Look at Intersango!
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
This is good for various reasons. One, finally a chance for a shift away from the monopoly. Two, Intersango seems to be good at security. And three, someone takes care specifically of the European market, which seemed neglected at times.
The graph is a massive understatement, because it looks at Gox. Intersango is becoming a more serious EUR exchange in terms of volume, and its significant growth is completely left out by the graphic above.
This is good for various reasons. One, finally a chance for a shift away from the monopoly. Two, Intersango seems to be good at security. And three, someone takes care specifically of the European market, which seemed neglected at times.
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The European volume is increasing.
But why can't I hear the music?
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The European volume is increasing.
But why can't I hear the music?
Ok, lets look at the graphs again:
- The volume in EUR has risen. Thats not necessarily new because it has always (on average) risen over the last year.
- What's new is the sudden surge over the past 2 weeks. But volume on Mtgox has also gone up for USD in that time, although a bit less
in comparison. If the higher growth rate of EUR volume is not sustained the past two weeks can be discarded as noise as they dont
bring up the mean very much.
- Also please consider that over the past year the EUR lost roughly 16% in value compared to the USD. This effects in a rise of 16% of
EUR volume in your graph.
- Finally the volume of EUR compared to USD is still insignificantly low comparing all the markets
(http://bitcoincharts.com/charts/volumepie/). If last years growth rate for both USD and EUR stays the same (across all markets), I
expect the EUR volume to keep up with USD volume in about 3 years from now. Thats a long time in the bitcoin universe.
- The volume in EUR has risen. Thats not necessarily new because it has always (on average) risen over the last year.
- What's new is the sudden surge over the past 2 weeks. But volume on Mtgox has also gone up for USD in that time, although a bit less
in comparison. If the higher growth rate of EUR volume is not sustained the past two weeks can be discarded as noise as they dont
bring up the mean very much.
- Also please consider that over the past year the EUR lost roughly 16% in value compared to the USD. This effects in a rise of 16% of
EUR volume in your graph.
- Finally the volume of EUR compared to USD is still insignificantly low comparing all the markets
(http://bitcoincharts.com/charts/volumepie/). If last years growth rate for both USD and EUR stays the same (across all markets), I
expect the EUR volume to keep up with USD volume in about 3 years from now. Thats a long time in the bitcoin universe.
I can agree with this. Especially keeping in mind that strange implicit currency conversion practice which is implied on mtgox, when their orderbook is actually consist from bids of several currencies at the same moment. Means in USD orderbook there can be EUR bids which price is adjused by their conversion rate, something 2.5% correct me if I am wrong here. And the same is with other currencies orderbooks.
For example why could not EUR orderbook contains by their logic bids actually defined in USD with conversion rate again.
This can mix everything...
It is very simple the USD/EUR exchange rate closed at 1.2638
The BTC/USD / BTC/EUR exchange rate is at 1.230
So people buying EUR USD to BTC to EUR
and selling EUR through USD to BTC
The BTC/USD / BTC/EUR exchange rate is at 1.230
So people buying EUR USD to BTC to EUR
and selling EUR through USD to BTC
Ok, lets look at the graphs again:
- The volume in EUR has risen. Thats not necessarily new because it has always (on average) risen over the last year.
- What's new is the sudden surge over the past 2 weeks. But volume on Mtgox has also gone up for USD in that time, although a bit less
in comparison. If the higher growth rate of EUR volume is not sustained the past two weeks can be discarded as noise as they dont
bring up the mean very much.
- Also please consider that over the past year the EUR lost roughly 16% in value compared to the USD. This effects in a rise of 16% of
EUR volume in your graph.
- Finally the volume of EUR compared to USD is still insignificantly low comparing all the markets
(http://bitcoincharts.com/charts/volumepie/). If last years growth rate for both USD and EUR stays the same (across all markets), I
expect the EUR volume to keep up with USD volume in about 3 years from now. Thats a long time in the bitcoin universe.
My estimations (I didnt calculate very much;):
+ last years (from the 17th of June 2011 till the 17th of June 2012) average USD growth (across all markets): 100% (--> it doubled)
+ last years (from the 17th of June 2011 till the 17th of June 2012) average EUR growth (across all markets): 300% (--> it quadrupled)
- The volume in EUR has risen. Thats not necessarily new because it has always (on average) risen over the last year.
- What's new is the sudden surge over the past 2 weeks. But volume on Mtgox has also gone up for USD in that time, although a bit less
in comparison. If the higher growth rate of EUR volume is not sustained the past two weeks can be discarded as noise as they dont
bring up the mean very much.
- Also please consider that over the past year the EUR lost roughly 16% in value compared to the USD. This effects in a rise of 16% of
EUR volume in your graph.
- Finally the volume of EUR compared to USD is still insignificantly low comparing all the markets
(http://bitcoincharts.com/charts/volumepie/). If last years growth rate for both USD and EUR stays the same (across all markets), I
expect the EUR volume to keep up with USD volume in about 3 years from now. Thats a long time in the bitcoin universe.
My estimations (I didnt calculate very much;):
+ last years (from the 17th of June 2011 till the 17th of June 2012) average USD growth (across all markets): 100% (--> it doubled)
+ last years (from the 17th of June 2011 till the 17th of June 2012) average EUR growth (across all markets): 300% (--> it quadrupled)
The European volume is increasing.
People are doing SEPA withdrawals in Euros, because MtGox's dwolla withdrawals are causing problems for many. 
Heh, here in Europe the euro thingy is not working as intended 
I see an equaliser and maybe some hard bass playing.
As I can see EUR volumes in Ks and USD Voumes in Ms?
So what is the point?
1 week of oct 11; 1mil vs 25k (1000/25=40)So what is the point?
1 week of jun 12: 2mil vs 100k (2000/100=20)
US has grown x2
EU has grown x4
If you look at may 12 the growth starts there.
The European volume is increasing.
As I can see EUR volumes in Ks and USD Voumes in Ms?
So what is the point?
So what is the point?
It has been mentioned elsewhere but I guess this shows quite well how in sync the US and the EU market are (thanx to arbitrage) and how the exchange volume also correlates mostly with a strong tendency to a growing EU market.
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