ya.. so 350 in the next 26 hours
When volume is weak like this... why bid things up? What's the rush?
We were comfortable at $220 not that long ago, $320 is a hard pill to swallow without substantial changes in the atmosphere. We need resolution from the 200k gox dagger above our heads... then comes max_block_size increases and the halvening, everybody's just buying/selling discount or premium tickets to
that, at the moment.
Edit: "Fine, bid things up then."
I'm not sure about whether as of yesterday I would have agreed that we had reach "low volume," because we need to look over a larger time-frame than merely a few hours of performance and the past several days have had volumes (on stamp) of well over 20k per day... which is very respectable.
Now, the current daily candle is adding up to a really low number. (maybe far lower than 10k, which certainly meets a definition of "low" on a daily scale).. and I wonder if we are going to experience a few
low days like this, or if there are some big players waiting in the wings to continue the BTC price battle.
If trade volume stays down like this for several days, then possibly the BTC market would be content with a mid $320s floating point?
I still tend to conclude that if BTC trade volume has truly gone down then traders are relatively happy with the current price point. Accordingly, we have to wait a few days to verify whether interest in trading has really and truly subsided.
I predict that it's more likely than not that we are going to witness additional battling over the price and BTC price surges (of 8% or more up or down) on or before black friday....
maybe 70% yes and 30% no.... Any thoughts?
@ Adam: maybe a new poll is in order, no?