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Topic: The reason volume is so low on Gox, BTCE and Bitstamp (Read 2355 times)

legendary
Activity: 2128
Merit: 1074
The reason for the low volume on multiple exchanges is that there is little agreement on a price between buyers and sellers.
The markets almost run out of greater fools to buy at such high prices, but there aren't many sellers yet willing to sell at lower prices.
So most of the players are waiting for a clear trend. IMO it's going to be down, but this is bitcoin, anything can happen.

You don't understand..

Bitcoin is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until fiat is dead.

You still don't get it, do you? Bitcoin will find fiat! That's what it does! That's ALL it does! You can't stop it! It'll wade through you, reach down fiats throat and pull fiats f'n heart out!

You need professional help...
legendary
Activity: 966
Merit: 1003
The reason for the low volume on multiple exchanges is that there is little agreement on a price between buyers and sellers.
The markets almost run out of greater fools to buy at such high prices, but there aren't many sellers yet willing to sell at lower prices.
So most of the players are waiting for a clear trend. IMO it's going to be down, but this is bitcoin, anything can happen.

You don't understand..

Bitcoin is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until fiat is dead.

You still don't get it, do you? Bitcoin will find fiat! That's what it does! That's ALL it does! You can't stop it! It'll wade through you, reach down fiats throat and pull fiats f'n heart out!
sr. member
Activity: 454
Merit: 250
Technology and Women. Amazing.
coinbase is based in the US, don't know why it isn't listed as an exchange on places like bitcoinwatch
sr. member
Activity: 378
Merit: 255
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

BTCe is Russian, and Gox is based in the United States, not sure about bitstamp

BTC-e is based in Bulgaria, not Russia. Both BTC-e and Bitstamp, based in Slovenia, are European exchanges. MtGox is based in Japan.

The largest American exchange is CampBX, which has very low volume.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
Bitstamp, based in Slovenia
To be precise, Bitstamp as a company is registered in United Kingdom, but indeed the operation base is in Slovenia, and owner + staff are from there. It also uses a Slovenian bank for accounting.


I like the name bitstamp, because of some unknown reason to me (even for myself/conscious mind)
but it's reminds me "time stamp" ...

and I am/was bit involved with NTP sync servers ...
full member
Activity: 154
Merit: 100
i do not understand why they continue to use a slovenian bank to store funds....
In fact UniCredit Slovenia is not really a Slovenian bank, it is a subsidiary of a large financial group governing different banks in Europe (Italy, Slovenia, Poland, Austria, Germany).
sr. member
Activity: 252
Merit: 250
Bitstamp, based in Slovenia
To be precise, Bitstamp as a company is registered in United Kingdom, but indeed the operation base is in Slovenia, and owner + staff are from there. It also uses a Slovenian bank for accounting.
i do not understand why they continue to use a slovenian bank to store funds....
full member
Activity: 154
Merit: 100
Bitstamp, based in Slovenia
To be precise, Bitstamp as a company is registered in United Kingdom, but indeed the operation base is in Slovenia, and owner + staff are from there. It also uses a Slovenian bank for accounting.
sr. member
Activity: 252
Merit: 250
The reason for the low volume on multiple exchanges is that there is little agreement on a price between buyers and sellers.
The markets almost run out of greater fools to buy at such high prices, but there aren't many sellers yet willing to sell at lower prices.
So most of the players are waiting for a clear trend. IMO it's going to be down, but this is bitcoin, anything can happen.
i happen to agree with this, but we will see after this upturn in the last half day.
legendary
Activity: 2128
Merit: 1074
The reason for the low volume on multiple exchanges is that there is little agreement on a price between buyers and sellers.
The markets almost run out of greater fools to buy at such high prices, but there aren't many sellers yet willing to sell at lower prices.
So most of the players are waiting for a clear trend. IMO it's going to be down, but this is bitcoin, anything can happen.
member
Activity: 98
Merit: 10
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

and Gox is based in the United States

Um.  No.  Thanks for playing, try again.

crypto::
apparently my satellite receptor has strong signals from "National Kid" (60's tv show)

Grin

Whoops haha

Completely fucked that up, don't pay attnetion to me  Cheesy
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

and Gox is based in the United States

Um.  No.  Thanks for playing, try again.

crypto::
apparently my satellite receptor has strong signals from "National Kid" (60's tv show)

Grin
sr. member
Activity: 285
Merit: 250
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

BTCe is Russian, and Gox is based in the United States, not sure about bitstamp

BTC-e is based in Bulgaria, not Russia. Both BTC-e and Bitstamp, based in Slovenia, are European exchanges. MtGox is based in Japan.
hero member
Activity: 966
Merit: 500
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
BTCe is Russian, and Gox is based in the United States, not sure about bitstamp

Yes, you certainly know your facts..
hero member
Activity: 840
Merit: 1000
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?

Huge volume on Huobi today....

...lead today's global Bitcoin spike actually.
full member
Activity: 180
Merit: 100
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

and Gox is based in the United States

Um.  No.  Thanks for playing, try again.
member
Activity: 98
Merit: 10
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 

BTCe is Russian, and Gox is based in the United States, not sure about bitstamp
legendary
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
That would explain the (pretty significant) volume drop on Huobi, but why BTCe, Bitstamp, and Gox?



Because those are Chinese traders too. 
member
Activity: 98
Merit: 10
Anyone else worries about what will happen after the Chinese new year  Roll Eyes

Wouldn't it make sense to protect your investment by exploring every possible threat or opportunity?  All those in denial may just want to do themselves a favour and listen to every opinion to at the very least educate themselves. 

If you have learned everything you possibly can about the situation in China, including what's happening with the volume at Huobi and researched the background of the owner of what is currently the largest exchange in the world, and conclude that this situation is not a threat to bitcoin short term, that more power to you. 
sr. member
Activity: 476
Merit: 250
Anyone else worries about what will happen after the Chinese new year  Roll Eyes
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