Bitcoin Forum

Seems like nothing much is happening. The volume is way, way down on MtGox. Yesterday only 6,000 coins traded. The market is practically in a coma. What's needed to get the wheels turning again?

MtGox is not the best gauge these days.

+1. More and more sales are done privately, or simply traded with goods.

Maybe, but i cannot be the only one who completely stopped trading due to dwolla and gox not working.
I am unsure how much liberty reserve mattered in the scheme of things.

What gauge do you use?

is there a good site that shows volume / trades / graphs of all bitcoin exchanges? I remember seeing one long ago but forgot what it was =P

Also, yea we need bitcoin to be quiet in volatility but... in terms of volume, it would be nice to have some massive volume w/ not much volatility - would reflect a massive demand in exchanging it - thus more widespread adoption.

People are trading less with MtGox after it got teabagged, surprise surprise...

or not  ::)

You can't gauge the use of dollars by looking at Forex. As bitcoins are used in private transfers and goods purchase activity should be visible on the blockchain.

http://www.listentobitcoin.com/ (http://www.listentobitcoin.com/)

If you really want to see how often Bitcoin is being used :P

If you're idle bitcoin is idle. Do your part to "start the wheel".

I Love that site.

Great stuff.

20k dump, massive up and down swings, and that's on a sunday. what are you talking about?

Did you mean "Bitcoin trading became boring"?

Because Bitcoin is what happens outside of exchanges, not with the IOUs inside them!

"I am unsure how much liberty reserve mattered in the scheme of things."

People that used Liberty Reserve and switched to bitcoin are for the most part not using Mt Gox. That is anyone involved in black market activities

-cb

Historically boring times are the best times to be dollar cost averaging in.

Thanks for the link. It's like music to my soul. Dang, it feels relaxing.  :)

I used to consistently pour my paychecks into bitcoin via MtGox every two weeks. I have yet to decide on my next exchange. I am sure many others have moved to other exchanges.

I am focussing on paying down a few credit cards while I figure out the best place to exchange my money.

Damn! Entire paychecks? Now that's what I call "having faith in bitcoin". I only purchase a single coin each paycheck, and save the rest, but if the paycheck is large enough I'll purchase two. 

Well wasn't that a change of events  ::)

I found the exchanges in my signature to be helpful in getting me back up with trading.

Within a week I moved some of my orderbook over already.

Sorry for the double response.  Tough to mutli quote on my phone.

Pay down those credit cards.  Free yourself from that debt!  Then stick to honest real bitcoins :)

I've found the exchanges in my signature to be great replacements for gox.

Apart from that one sell-off day, Bitcoins (at least on MtGox) have been practically dead. I wonder how many people pulled their money out of Gox.

Margin trading sites like Bitfinex are in even worse shape. Almost 300k available at the VIR, currently a miserly 55%.

Yep, after 266$ bubble things have been pretty boring excluding some nice news about VC:s etc. I think that has started a spiral: Bored people sell - more boring bear market - more selling. I hope we go back to bull market soon.

Transactions other than common addresses are trending upward over the last few weeks.

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&show_header=true&daysAverageString=7&timespan=&scale=1&address=

This is likely a better indicator of real world usage than volume on Mt. Gox.

Here's some excitement for you: https://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm (https://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm)

Now that makes for an interesting read!  Thanks

http://bitcoincharts.com/markets/

And proof to this statement is the rising exchange rate.

Try this one: http://trading.i286.org/ (http://trading.i286.org/)

It works a little better for me than Bitcoincharts and updates very quickly.

Bitcoin is just as exciting to me now as it was trading at $10 or $260.

The price is worthless in comparison to the idea.

And I know a lot of you feel the same way, cuz I'm a pretty awesome guy.

 8)

Here's a self-portrait:

http://upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Chief_Justice_Morrison_Waite.jpg/220px-Chief_Justice_Morrison_Waite.jpg

it can't go to 1000 without testing 50 or 30 first

the winklevoss brothers are going to be rich, and will take us along with them, I wish they would come out on these forums and have a Q&A session, we'd learn so much.

I hope you're right. The flip side of that coin is they're going to go broke and take us along with them.

I'm not sure I want to see them speak again after their performance at the conference.