There are quite a few people who swear by the volumes we are seeing. This seems to be at the root of every bear's argument.
I just looked at the volume over the past 12 days.
I compared it with the volume of 12 days in the middle of October.
An arbitrary comparison you might say, but I wanted to get a point just before the main run up to the bubble and compare with just after the bubble pop (please don't dispute the meaning of the term "bubble" unless it is directly relevant to the topic of volume).
So for the 12 days in October we have roughly 300,000 bitcoins traded for roughly $50,000,000
For the 12 days leading up to today we have roughly 125,000 bitcoins traded for roughly $100,000,000
Bearing in mind that the last 12 days sit slap bang in the holiday period I feel this is a strong signal for a bullish start to the year (also with the uptrend of course). But of course I would!
Please excuse the rough figures but what do you think?
Please also do your own comparisons of volume if you can, to back up your own views.
EDIT: Sorry, should have been more precise - Gox figures of course