It is not the sign of a healthy market IMO, but it's what we've got, so I ain't complaining , just saying
When the market is so obviously dominated by the whims of big players, the risk to smaller ones increases to the extent that I am sure many are just not trading
When the market is so obviously dominated by the whims of big players, the risk to smaller ones increases to the extent that I am sure many are just not trading
We're transitioning into the post-Gox era. There is some worry and confusion on where one can safely trade and store bitcoin which is reflected in the lower volume. The risk to smaller traders isn't necessarily a quick price change to their detriment, but rather the risk of not being able to access their coins/fiat at any given moment Also, the the increase in ways to buy and spend coin that aren't Gox and other trading services is increasing as well which is reflected in the lower volume.
My basis for the above statement is that the reputation and positive press, which always seemed to be one of the best indicator of prices before, still feel pretty positive to me. There are also some major developments for BTC coming down the pipeline. These facts don't seem to be represented in the volume on the current main exchanges, thus my hypothesis.
WEEEE!
We are listening that sentence for a long time and I still can not see anything getting traction.
Guess it depends on your definition of traction. Again, when I look at the reputation, positive press, developments in BTC, I see lots of traction. There's been a LOT of deadends, I know. Trust me, i do know. And we do have a long ways to go.
You true believers even see positive press when THEY are really out to get to you.
Luckily, I also don't believe in THEY.
