Where's the volume!!??? | Bitcointalksearch.org

bananas

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Quote from: zerk89 on March 17, 2014, 10:20:31 AM

Over the next few months this will intensify to a point where it creates an environment for the next bubble. After a peak miners dump, however the news of this spike brings in lots of new money. We have Wall street coming on board in June/July, exact same point of time where miners artificial scarcity will be at its highest.

You mean second market?

zerk89

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Miners are not going to see a ROI, they hold whatever they are mining, this creates huge artificial scarcity. Over the next few months this will intensify to a point where it creates an environment for the next bubble. After a peak miners dump, however the news of this spike brings in lots of new money. We have Wall street coming on board in June/July, exact same point of time where miners artificial scarcity will be at its highest.

El Dude

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Quote from: kwukduck on March 15, 2014, 07:12:29 PM

All volume is moving to next generation coins. Expect the price of btc to plummet soon.

a hero member that says the stupidest shit , volume is all in ltc and btc right now.

BitCoinDream

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The revolution will be digital

Quote from: sanjoea on March 17, 2014, 01:11:05 AM

Anything can happen, in cryptocurrency world

Anything can happen, in real world

mysidia

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Quote from: freedombit on March 16, 2014, 11:26:29 PM

If MtGox stole it, prove it.
If someone stole it from MtGox, prove it.

Only if MtGox can be compelled to cooperate by publishing a complete list of all current and past MtGox wallet ids and public keys including hot storage, cold storage, any deposit addresses, etc.

Together with a trading history Buy/Sell X amount of BTC for Y amount of currency for each user, grouped with all external wallet addresses transfers made to each user.

Without that kind of info; it's just a guessing game.
Only the insiders really know which wallet addresses are Gox's.

As for bugs in Gox's system.... you can't tell if a certain BTC withdrawl should be legitimate (or stealing), without establishing balance -- and only deposit/withdraw and trading history for a user corresponding to each external BTC address can do so.

Allen A

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MTGox did it?

sanjoea

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Anything can happen, in cryptocurrency world

freedombit

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Bitcoin has an opportunity to shine should the community track down the "lost" coin and return it to the users.

If MtGox stole it, prove it.
If someone stole it from MtGox, prove it.

cdog

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Gox def scared off a lot of people, but when BTC cracks $1000 peoples lizard brains will take over and we will see big volume again. Maybe not till September/October, but it will happen.

TopherB

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Quote from: Lethn on March 13, 2014, 09:42:56 PM

I'm not surprised at all this has happened, what I am surprised is actually how stable the Bitcoin price still is.

The MtGox event scared the 'dumb money' out of the speculation game. That's where the bulk of the volatility comes from: dumb money and those chasing it. I think most people are currently in a wait and see mentality. Looking to see how the Governments and the entrepreneurs respond.
Or maybe that's just me.

yenom

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Quote from: FeedbackLoop on March 13, 2014, 04:28:52 PM

Volume looks as healthy as ever to me:

https://blockchain.info/charts/n-transactions-excluding-popular

sorry, were you talking about something else? Maybe something that belongs in another sub-forum?

I quite like this version
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

ns12123

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Quote from: bitjoint on March 13, 2014, 04:50:22 PM

Here you go...

http://thumbs.dreamstime.com/x/volume-button-knob-metal-chrome-texture-24996461.jpg

Pump it up!!!

hahahha nice one

dynodog

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Quote from: Fuddlynn on March 16, 2014, 06:26:59 AM

I'm sure the "oh well, you were stupid enough to trust an exchange so you deserve to loose your money, now on with bitcoin for those of us that didn't loose our btc" atitude has something to do with a major segment of would-be BTC promoters keeping quite and moving on with their lives.

That would be fine for a mature BTC economy but anyone that thinks that is where BTC is yet has more learning to do than those that lost their money on MtGox.

Right, the "don't keep your money on an exchange" mantra may likely hurt the price because without money on exchanges people are not buying. Eventually the miners who need to sell to cover their massive overheads will need to sell.

My guess is the major miners have silently agreed that they would hold their bitcoin for a while after the gox debacle so that there wouldn't be excessive sell pressure driving the price down.

No question that a very reliable and safe exchange must be created on US soil for new players to feel confident enough to entrust money with exchanges for buying bitcoin.

Fuddlynn

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I'm sure the "oh well, you were stupid enough to trust an exchange so you deserve to loose your money, now on with bitcoin for those of us that didn't loose our btc" atitude has something to do with a major segment of would-be BTC promoters keeping quite and moving on with their lives.

That would be fine for a mature BTC economy but anyone that thinks that is where BTC is yet has more learning to do than those that lost their money on MtGox.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: kwukduck on March 15, 2014, 07:12:29 PM

All volume is moving to next generation coins. Expect the price of btc to plummet soon.

I doubt it. Bitcoin still owns most of the market cap of all the cryptos. If anything, a lot of this shitcoin fad will probably die soon. Read this: https://bitcointalk.org/index.php?topic=516835.0;topicseen

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Dalmar on March 15, 2014, 07:36:40 PM

Bollinger Bands are contracting due to low volume, expecting a spike up or down in the next couple of days. Since the spike up hasn't been reinforced by much buying interest I am expecting down.

Low volume doesn't necessarily mean low volatility, although appears right now we have both. Low volatility leads to high volatility as price eventually breaks out to one side or the other.

Dalmar

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Life is short, practice empathy in your life

Bollinger Bands are contracting due to low volume, expecting a spike up or down in the next couple of days. Since the spike up hasn't been reinforced by much buying interest I am expecting down.

bananas

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Quote from: kwukduck on March 15, 2014, 07:12:29 PM

All volume is moving to next generation coins. Expect the price of btc to plummet soon.

is there such thing?

kwukduck

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All volume is moving to next generation coins. Expect the price of btc to plummet soon.

bananas

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Quote from: fasmax on March 15, 2014, 06:19:13 PM

Quote from: dynodog on March 13, 2014, 03:35:55 PM

Just took a look at bitcoincharts under "markets" - where is the volume? It has completely disappeared. Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average. btc-e and bitfinex add a combined similar amount. Wow!! btcchina at less than 3000 per day! Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

This is a side affect of the MtGox failure.

Let's return to real estate

fasmax

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Quote from: dynodog on March 13, 2014, 03:35:55 PM

Just took a look at bitcoincharts under "markets" - where is the volume? It has completely disappeared. Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average. btc-e and bitfinex add a combined similar amount. Wow!! btcchina at less than 3000 per day! Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

This is a side affect of the MtGox failure.

bananas

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weird, it is going to zero

CurbsideProphet

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The decline in volume is probably due to all the bots that cannot run on Gox anymore, which artificially inflated volume.

dynodog

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even less volume now on the exchanges. almost at all time lows. something has got to give....

keithers

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This is the land of wolves now & you're not a wolf

I read somewhere that porn.com is putting up some huge numbers in bitcoin revenues

Lethn

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Quote from: Cryddit on March 13, 2014, 10:29:43 PM

Never mind the traders. The volume numbers that matter are retail sales. It's a shame that you can't tell them apart easily. But the exchanges volume can only tell you what happens today. Tracking actual use can tell you what happens a month from now or more.

The only way we're going to be able to tell how well retail sales are doing is if stores openly publish them and as somebody who is getting a store up myself, not 100% sure I want to do that Cheesy

bananas

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Quote from: Cryddit on March 13, 2014, 10:29:43 PM

Never mind the traders. The volume numbers that matter are retail sales. It's a shame that you can't tell them apart easily.

Why those numbers matter(they should)? If it had any relevance bitcoin woud be worth only one digit dollars.
You can have an estimate easily.

Cryddit

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Never mind the traders. The volume numbers that matter are retail sales. It's a shame that you can't tell them apart easily. But the exchanges volume can only tell you what happens today. Tracking actual use can tell you what happens a month from now or more.

bananas

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The volume is really low. I don't think it has anything to do with holding it offline, traders have to trade. And they can move it on and off if desired.

As the prices are not being affected, it is like 'everybody' decided to not sell or buy, which is a contradiction. Hardly the maket would get such equilibrium in a dramatic drop of volume.

Lethn

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Everybody has been spooked by the MTGOX thing and have quite rightly moved their money out of the online wallets the exchanges have ( which is what will trigger the volume count ) I wouldn't be surprised if this is party of people scoping out which exchanges are going to beef up their security etc. and which ones are just taking peoples money like MTGOX did.

I'm not surprised at all this has happened, what I am surprised is actually how stable the Bitcoin price still is.

keithers

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This is the land of wolves now & you're not a wolf

There hasnt been much major news in the past couple of days, so a lot of people are sitting on the sidelines

googlemaster1

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Yeah I have like.... 2% of my BTC on exchanges... just to trade as a toy, but I very much still mine from a hobbyist perspective. I like spending my BTC, nothing is more gratifying than that. Once the American Exchange opens up with some regulation behind it, this coming winter will begin to look like the last one, price spike wise. Tis a wild ride!

bitjoint

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Commander of the Hodl Legions

Here you go...

Pump it up!!!

FeedbackLoop

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Volume looks as healthy as ever to me:

https://blockchain.info/charts/n-transactions-excluding-popular

sorry, were you talking about something else? Maybe something that belongs in another sub-forum?

dynodog

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Quote from: agusta on March 13, 2014, 04:12:35 PM

Quote from: dynodog on March 13, 2014, 03:35:55 PM

Miners rather keep it. There is no interest for miners to sell and affect price down . Miners are guys whom believe in the concept enough t invest in the mining gear.

What about their overhead?

agusta

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Quote from: dynodog on March 13, 2014, 03:35:55 PM

Just took a look at bitcoincharts under "markets" - where is the volume? It has completely disappeared. Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average. btc-e and bitfinex add a combined similar amount. Wow!! btcchina at less than 3000 per day! Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

Miners rather keep it. There is no interest for miners to sell and affect price down . Miners are guys whom believe in the concept enough t invest in the mining gear.

I thing Few rich Guys from wall street, whom like to get a deal are bluffing in the main stream news. I read it like good sign.

dynodog

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could also be that traders/investors are withdrawing their btc (or fiat) to their personal wallets given the problems w so many of the exchanges. good for security but could hurt the price as who wants to keep their cash at the exchange to buy dips?

dynodog

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Just took a look at bitcoincharts under "markets" - where is the volume? It has completely disappeared. Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average. btc-e and bitfinex add a combined similar amount. Wow!! btcchina at less than 3000 per day! Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

Topic: Where's the volume!!??? (Read 2698 times)