Bitcoin Forum

BTC / USD

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 Coinbase Exchange  575.99 USD +5.38
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 Bitfinex  577.21 USD +7.46
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 Bitstamp  574.00 USD +6.68
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 itBit  574.32 USD +5.34
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 OKCoin  573.93 USD +6.39
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 CEX.IO  591.74 USD-0.57
 696.97 BTC

 incredibly ???

what big event happened recently?

it is not that low, and it is normal for this to happen because the price is somewhat stable.

you can check the history yourself, whenever price becomes stable like this, the daily trade volume drops because there are less trades happening.

no profits space, no trade

thank you for explaining got the same question with OP but i'm still looking for some answer now i see some good one hope to see more inputs.

That's why, after I opening my desktop and visiting the market and the volume drastically drops but from your answer and know if the stability condition in this time is become a bad effect for traders. but for some coins, it's always getting a drop in their price. and how about that?

I think that because there is not much of triggers for any trades. It seems like price has stabilized and will be in a tight range. We can expect it to break out or break down based on new triggers. May be another hack news or some news related to world economy should do the trick. If anyone is planning to add some bitcoins to their portfolio, its seems like not a bad time to do so.

flash crash will be arrived in next two weeks, be careful.

can you give me some ref to read and see how and why the price will crashed i just wanted to learn how to avoid big losses regarding inside btc trading, thanks in advance mate.

i believe it is volume is less that is the reason it looks like low , but it is not completely nil . people may be some vacation , or people may be waiting for some surge on bitcoin price . probably it may increase and hence volume may trigger to the higher level . hope price will up again with higher volume on trading. :).

The price is pretty much like the last week and saying the truth the trading volume is based also when the traders are on vacation and they don't trade or at least don't leave they trading bots do it job because of the risk involved. When the price get ups and downs traders are highly to trade at this time because there is more potential profit.

i think there is no significant reduction in the price of bitcoin, but it is effected a little. and the main reason is that the price is bitcoin remained stable for a long time therefore people are holding their bitcoin for price increase and not ready to sell bitcoin in such a low price.

whenever there is little change in price, there will always be little change in volume too because traders can not make profit in it especially those who are long.

http://bitcoincharts.com/charts/chart.png?width=940.4000000000001&m=bitstampUSD&SubmitButton=Draw&r=90&i=Daily&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

the lower part of the chart is the volume bars, you can see the same thing happening in 22 Jul to 1 Aug now look at the price, it is stable.
you can go to http://bitcoincharts.com/ and change the dates and look at the volumes yourself it is always like this when the price fluctuation is smaller.

bitifinex, a big bitcoin exchange site, got hacked recently and many funds of the users were stolen. due to this, there was a big drop in the market price. the price went down as low as 530$ from 650$ or so but again bitcoin showed up its potential by slowly rising up again and now we are 570$+ which is a very good thing. but please note that bitcoin is very unpredictable so sometimes we cannot find out the reason behind the price drops. just my 2 cents!
nobody can predict about the future price of bitcoin. so please dont listen to anybody in this matter. if anybody could predict the future price of btc then "trading" would not exist. lol.

why bother risking an exchange when the market's totally dead? if there was some action then people would be pouring in. there'll be dollars and coins parked up waiting for a move if it ever arrives.

OP is asking about the low volume not lower price. and the lower volume is not because of the hack and not because of the price drop. and the reason is {as it was explained before} the stable price.


many are accumulating.
as they always do at the times like this when the price is stable and ready to go up.

also many are still day-trading.
although it is harder and smaller profit but it is still possible even with stable price because it is still going up and down.

to me bitfinex has not effected bitcoin too much. i think bitcoin is trading in its normal way, the volume is a little low no doubt but i think it is because that the price of bitcoin is so stable and there is no big fluctuation, therefore people are not ready to sell their bitcoin in such kind of situation. as it is expected that the price of bitcoin will cross the all time high price this time therefore no one is ready to sell bitcoin and they are holding bitcoin for the time when bitcoin will cross all time high price.

From a trader's point of view, no one is looking into buying bitcoin atm and no one is looking to sell bitcoin at the moment since there is no good or bad news and hard to guess the price of bitcoin in the future.

It's not surprising honestly. The average volume for weekly basis duration is just usual.

Hope for some big trend starters and soon you will have your desired volume change even for a higher percentage.

People want the price to rise after that they will spend money into it, but they do not know that until they do not put their money into there the price will remain the same as it is, so we people will have to take the start and have to invest as much as possible with that the price will start to increase and we will sell that bought bitcoins at higher price.

You are right, we should have to invest in bitcoin or we should have to invite all other people to invest in this currency with that the price will start to increase and people will once again start to buy more and the volume will increase.

Is not a big event in my minds that is just the trading is not feeling excited about doing a trading because of the stabilization they feel difficult for getting a profit and then they are pulling their volume in the trading site into their wallet.

Nah, I wouldn't hold funds on exchanges since they both have been hacked. You'd have to be nuts to trust them with your money.

as I know, someone in oil-exporting countries is going to shake the BTC world, and then support the ETH to the throne.

yes that is also a reason but i think the actual reason is that confident of the people is not still built up to trade bitcoin above 600$, therefore the price is not crossing 600$ level. i think it is just a psychological barrier and nothing else. if this psychological barrier is cross by the bitcoin then it is not going to stop below 1000$, it will continue rising tell reach to 1000 $ level.

Itis still very good, we cannot say it as low trading volume, but still we can increase its value to promote this currency to all of the traders of different assets, they will love to invest in this currency also and we should have to convince people to buy online things with bitcoin.

Trading volume is not so high cause of summer vocations, when this summer end we can expect higher trading volume and price rise.
After talking with some expert's about bitcoin trading volume and generally about the price they told me that all this alt coins around taking this volume from bbitcoins, and of price of bitcoin is not so high cause of alt coins.
I'm not an expert, I just wish to ask people from here how much truth is in these words. Is it truth that other altcoins stopping and slowing rise of bitcoins?

Yeah, it is not that far off the average a couple months before the huge price increase. I think the bitfinex hack may have something to do with this lower volumes but I think it’s just a temporary market slow down. Any upward price surge will make traders stirred up.

But really, the price of bitcoin is just starting to rise after a sharp fall during the Bitfinex saga. This means people are buying once again, so how can you say the volume is low, have you checked every crypto exchange?

The price is stuck in its currently "stable" mode, so I am not sure how you say that the price started with rising.

OP. Volume is just okay, not low at all. The market is just very calm after all the volatility we have seen recently. It's just the usual $10-$20 ups and downs that get the market to move at least a tiny bit on a weekly basis. We just need patience before we get the volatility and high volumes back.

it is stuck but still it positive and everyone is satisfied with that, and we are seeing that the price is tending to rise, so with that everyone is pretty sure that the price of bitcoin will increase more soon

ethereum replaced the throne of bitocin? something interesting  ::)

Don't worry about the volume, as these are not negative but positive signs that people are not willing to sell below those levels anymore...
It seems that potential buyers have not been taking any steps ahead to buy bitcoins, but lately they will enter the markets back and move it...

I think it’s usual and such volume is correlated to the price of bitcoin. It’s completely normal because the basic principle of trading is based on demand and supply and hence it works according to that principle.

When there is any scope or analysis shows strong signals that price is going to rise in near future then trade volume decreased from sellers side and increases from buyers side and the trade take place during that period shapes the future price.

If trading volume has gone down it means either there are not many buyers expecting prices to fall, or not many sellers as prices expected to move up. So something event may come in next week?

Price movement is very calm. I guess one reason on that is most of them are waiting for the price to increase. Maybe they bought at the current price. They are all waiting thats why trading volume is low imo.

It is true that trading volume is low as i think everyone is waiting for the price to move above $800 as expected by them, apart from that i think nowadays lot of altcoins are coming in exchanges so everyone is busy with altcoin trading and earning bitcoins.

those that are waiting for $800 prices are wasting their time. we first need to get to smash through the $600 price level. after that a whole new challange will come towards us. and that's maintaining a price of above $600 levels. it's not as easy as it may seem to some people. then we have to come close to $700 which also is a very difficult thing. too many obstacles.

Obviously after the bitfinex hack everybody is very carefull and doesn`t want

to invest large amounts of bitcoin in trading.

If we have better scam/hack protection all the people will feel more secure and they will invest more in btc.

Even I think that, I think most of the people are waiting for bitcoin to go for big price. Then everybody will sell it out.

That make sense, could be that one of the main factors right now probably.

Now the volume looks increased at exchanges, I think people have started to buy more bitcoins, and because of that the value of bitcoin started to increase, and in turn peoples interest will be increased more

yes after crossing the 600$ there is a little increase in the volume of bitcoin, in previous days the price of bitcoin become so slow because of the bifinex issue, that really effect the price of bitcoin, people were not taking interest in and just try to continue safe mood.

Current market show a promising bullish , and people start interested to go invest again.
Some rumours say that bitfinex hack is the reason people prefer to hold a little amount bitcoin in the third party such as exchange.
But I don't think it is affected too much to bitcoin volume,  it is might because people just keep holding without keep buying at this point?

yes it is a fact that the volume is now going to increase as more and more people are taking interest in bitcoin therefore they are investing their assets here in bitcoin, hope that this trend will continue for a long time and price of bitcoin will touch 1000USD very soon.

i hope that the price of bitcoin increase more and reach to $1000 or more than that, and it is only possible with the increased interest of people, so we have to invite more people to invest in bitcoin and when the volume will increase more the price will increase more too.

because wave in price in flat
not big waves so is much people pending order not execution
and still wait and see

But i think in this time the people will more interested for using alternative than using bitcoin and that is reflection by the currently situation of bitcoin, But large or not about the bitfinex cases is giving some percentage of fear by the people for trying keep in the 3rd parties again.

indeed people has more carefull after that incident but currently seems many traders has going back to bitfinex because volume market on that exchange is really high even now bitfinex has been leading for BTC/USD