Bitcoin Forum

People are clearly killing each other over BTC.

Such volume, many adoption, very interest, totally not a bubble.

Low volume is what happens during a consolidation period.

As loathe as I am to feed a troll, I can't resist pointing out the following...

The dynamic with bitcoin is that relatively low-volume periods add confidence to the concept as a whole... People understand what an incredible concept bitcoin is, how it can, in theory, replace much of PMs as an asset class, plus transactional utility, etc... What scares people away is the volatility and newness of the technology. There's clearly tech risk with bitcoin, but no such risk with gold.

But every day that bitcoin simply continues to exist and process transactions builds confidence. Every low volume day without much price change either way adds to the confidence that bitcoin is 1) not in one of its crazy parabolic phases, and 2) not in a decline. Combine those factors, and you get a nice recipe for people who understand the overall concept to get over any hesitations.

I think the lower volume is from many reasons. Like Matt said, consolidation.  Also, the lack of trust in exchanges since mt gox, and the rise of ATMs, Coinbase, and other easy ways to get BTC besides the traditional exchanges.

All the noob traders are waiting for a big whale volume spike so they feel comfortable buying in.
This staircase pattern with low volume periods is common with bitcoin.

Still in denial.
So many bagholders.

Hehehe, back in 2013 buying at 120 was really an investor move because there were not so many adoption but now the one who is not buying at this price is really a noob, he will wait until it is 5,000  :D

and I am 80/20 sure that they will get it early next week, if not before. I say this, because I believe Bitcoin will be manipulated to break out from here. Have witnessed some very deliberate price management in Bitcoin in the past few days and it tells me that some whale wants to make Bitcoin fly.

Having said that, it is causing me a bit of concern that we are drifting slightly beyond the down trendline on low volume at the moment. With Bitcoin, the direction that it shows first is often the opposite direction from which it is headed.

My uncle wants to spend his life savings on BTC tomorrow so you guys can unload and cash out with USD. He will hold your bag and sponsor your new Lamborghinis. He cant wait.

Then I welcome your uncle to this small microcosmic fractal offshoot of the global casino economy. If our most lucrative industry is the finance industry, which doesn't actually produce anything much of tangible value, then someone, or rather a whole bunch of suckers/peons have gotta pay for the vast profits some way or another?

Poverty?

Environmental Destruction?

War?


So long as it fills up the fuel tanks of my fleet of Lamborghinis, what the hell do I care?

Low volume :(


"This is actually good news!"

Correction ;)

The volume is mondblowing, good to see every person on Earth is trying to buy BTC as we speak. Clearly..

Come back when Bitcoin has hit $900 and tell us some more stories about mindblowing volume.

We are only in the trend reversal stage and we possibly haven't hit the bear trap yet.
It will be a while before we go to da moon and beyond.

Yes and buy at the top.

Well, somebody has to.

Low volume is the same as: "Rocket launch in t minus 10."

The huge volume usually is triggered by bots when there are crossing emas or panic buys/sells if the value starts to jump/drop.

Or by whales triggering the bots.

Weekly MACD and SMA crossoever coming right up to a Bitcoin exchange near you.

We're going sideways. It's normal.
All going according to the plan (ie. MACD)

How mutch is that? ;D

Enough to buy all your coins from all exchanges.

How is the volume doing, boys? Not much, eh? Thought so.

It's double than what it was yesterday on Bitstamp. So, good for me...
Working days don't get as much activity as the weekend does.

If you want to see baghodling check out alt coins.
MZC on 2014-03-08 0.0417800 mBTC    
MZC today 2014-06-09 0.0004100 mBTC
Yeah, that's 99% lost.

At the moment the very worst BTC bagholder could only conceivably be down 42% from $1130 to $654

Astonishing volume.

I remember watching hundreds of thousands of coins being traded every minute, your bots are so not obvious even with this micro volume...i cant see al the average Joes who are buying in over all this market manipulation.

http://oi57.tinypic.com/fa1jqq.jpg

You keep writing the same things over and over again. Your odds of passing the Turing test are looking shakier by the post. Get your programmer to substitute 'bagholder' and 'average Joe' for some fresh phrases.  

Really don't understand people like this. Why do you spend so much time here? Or are you just pissed off you didn't buy any coins at $5?

You guys will have a hard time passing the Turrings test. All you do is repeating "TO DA MOON".  Its highly possible that you are PR bots of Bitstamp and im the only real sane person around here. Keep holding and hoping, hope dies last.

Few people are trading whole day, when tehre is a drop they buy and once we go back up they sell.

Have your uncle PM me sharpish.

You call hanging around on a forum all day when you have no stake in what it is discussing as 'sane'?

He's short.

`yeah,a very short troll  ;D

Everyone thinks they're the only sane person around.
Which probably means we're all slightly insane.

Well I believe that everyone here probably tried telling their relatives or friends about bitcoin (to which those people cannot comprehend something like this so they assume we have a few screws loose).
 

Yep, everyone tried and got tired.
And deemed insane by their loved ones. Thus ending up here.

641   are you scared?

Not at all, we've been on 639 yesterday morning also.

At this price we go up an average of about $4 a day to maintain the 10x per year trend.

But that would be boring, bitcoin never does that.
We'll go up 100 per day in a couple of months.
Then down some.

As I said... average...

Even if we would get only 4$ but +4$ that's it would mean +1460$ a year wich isn't bad at all.

That's about $4 at today's price.  For 10x per year you need to gain about 0.633% per day on average.

Ah sorry mate, I skipped a word there :)

Quickly or steadily, I hope you're right!

first stages for bitcoins were the easies ones, but now u have market cam of insane numbers.
basicaly i doubt we will see 10x increase this year, next year probably, but this one, no.
if bitcoin dips 50% in value, allowing high rollers to buy big sell walls, we just may whitnes history, but like i said, i doubt it.

Short?

Im laughing a lot right now...

Because?

RandomPedestrianN9's top desire is to watch people be wrong and lose money.  To that end, he's desperately looking for negative information about bitcoin that may cause above scenario.  It doesn't appear that he stands to gain personally or financially if something negative does occur.  He's just another asshole troll worthy of adding to the ignore list.

621  Im laughing even more right now.  : D

I hope you got in a short for this action.  If you're just standing around laughing at others losing money, with no skin in the game, that's rather sociopathic.

You bet! im all in!

HAHAHAHAHAHAHAHA 617  :-D

589   like a knife through butter


:-D   FANBOYS

^^ caps getting bigger and bigger oh noes  :o

The bigger the crash, the bigger the font size and my stick, brah!

Ah, kids, what happened to TO DA MOON and volume? Maybe people dont care about Bitcoin and its inflated by speculators? Hmmm......much volume the past 5 days, such adoption, very future.

Volume on btc-e and bitstamp sucks but it's still nice on huobi and it's about to break 600$  8)

Sure, sure, keep dreaming.

Well it looked like that i don't know why we can't get pass 600 and it will be kind of harder after SR coins auction maybe.