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Title: Really low volume on gox has me on edge Post by: notig on December 12, 2013, 11:58:56 PM does it mean people are finally moving to better exchanges? Or......... there is just no buying pressure
Title: Re: Really low volume on gox has me on edge Post by: CMMPro on December 13, 2013, 12:04:48 AM The suspense is excruciating....I hope it lasts.
Title: Re: Really low volume on gox has me on edge Post by: evolve on December 13, 2013, 12:09:00 AM I think people are waiting on the sidelines to see what the market is going to do.
Title: Re: Really low volume on gox has me on edge Post by: insuranceguy on December 13, 2013, 12:10:16 AM We need to see several months of price consolidation at this level before a new leg up.
Title: Re: Really low volume on gox has me on edge Post by: hollowframe on December 13, 2013, 12:10:41 AM calm before storm. buy and sell pressure both weak. but most indicators show drastically reduced buy pressure from bordering on bear market territory, so more bearish than bullish i think
Title: Re: Really low volume on gox has me on edge Post by: TERA on December 13, 2013, 12:13:50 AM Gox is just a bot system that reflects the price on other exchanges. Since the other exchanges are trading sideways, the bots are not active.
You think the mtgox buying pressure is low? There is actually NO real buying or selling pressure on mtgox these days, except occasional arbitrage traders. Title: Re: Really low volume on gox has me on edge Post by: hollowframe on December 13, 2013, 12:25:08 AM Gox is just a bot system that reflects the price on other exchanges. Since the other exchanges are trading sideways, the bots are not active. huh, hadn't thought about that. i could have sworn that when the exchanges werent following china, they were still following gox....You think the mtgox buying pressure is low? There is actually NO real buying or selling pressure on mtgox these days, except occasional arbitrage traders. Title: Re: Really low volume on gox has me on edge Post by: Logik on December 13, 2013, 12:33:55 AM You're measuring volume in USD right?
Title: Re: Really low volume on gox has me on edge Post by: matt4054 on December 13, 2013, 12:35:20 AM Bitcoiners have been Goxed too many times, presumably, yes, they are moving to better exchanges indeed.
I believe Gox is still a trend setter to some extent for the exchange rate, though. Title: Re: Really low volume on gox has me on edge Post by: thetopham on December 13, 2013, 12:37:44 AM last time I saw this happen, BTC price was at $200.... then it exploded to $1000 so who knows?
Title: Re: Really low volume on gox has me on edge Post by: CMMPro on December 13, 2013, 03:04:52 AM Bid Sum + Ask Sum is like $61M...it's literally never been this high.
There is a lot of money waiting to enter the system. Title: Re: Really low volume on gox has me on edge Post by: pand70 on December 13, 2013, 03:09:03 AM You think that people are ready to buy only days after bitcoin lost half of its value?
It 'll take time for confidence to be restored. |