Bitcoin Forum

It looks like the last 48 hours of trading is at an all-time low and the price has obviously stabilized in the recent days. Could this mean that something big is about to happen? If so, which way do you think it'll go?

big dump or pump.
if that doesnt happen im sure we will be sideways  :D

People tentatively giving trading a rest due to the upcoming auction results.

The results are released this week and BTC price corrects itself by a modest amount (+/- $50). From then on it'll carry on as it has been for the last couple of months ($20 price swings here and there).

Something big is always about to happen.

Volumes are low yes, but that doesn't mean something will happen.

At this point buyers and sellers are waiting, waiting for....... Who knows.

If the market would be preparing to go up we would see sustained buying, not crappy volume. The triangle should resolve soon, IMO down.

Surprise surprise you guess down. You have successfully called 18 of the last 3 bitcoin price falls.

No


Just holiday in some parts of the world.

And you've successfully called at least as many rallies out of the last none :D

If there's "constant selling pressure" from merchants and miners, shouldn't the price go down when there's low volume?

I'd guess that established miners and payment processors have deals in place to sell as many of their coins as possible off market.

just reduce a little in fact you can see bitstamp still has 10,000 volume on December 05

Nothing will happen. Bitcoin is dead. Even USMS is getting out of it. :D
 
Sell!

if it turns out to be a ponzi, can we sue the usgov for being culpable in promotion of said scheme?

Finally someone who understands markets!!!

THIS IS NOT AN ACCUMILATION PERIOD (which would lead to upward motion) because there is NO VOLUME!!!!!!!
Miners are making millions in coins per day everyday so sideways for a week means plenty coins are waiting to be dropped! Good luck to all!!

maybe i don't understand markets but with only 3600 new coins per day, i'm sure the daily volume accounts for the possibility of them all being sold each and every day and then sent back and forth a few times.  please correct me.

Why would you think that to be the case rather than the same people with the same coins and the same exact bots with the same coins are just trading again back and forth over and over again... Most are trying to make money out of nothing(get rich quick) Miner's tend to do big sales and big dumps when they see the rallies loosing steam so they can continue to do business even with bitcoins >70% loss so far this year

good observation... i miss Tera in times like these.. she made much more sense when she used to post her insights... you see there are 2 camps that are being played by manipulators at the moment.. camp 1 is aware of that and consists of early adopters or those who had a taste of nov rally. These are the sneaky ones who keep chanting moon for the last year to keep noobs on the hook or give sort of "everything is ok" picture. On the other hand camp 2 are those noobs who got in after the nov rally incited by fake demand from willy bot these are the fools who bought bitcoin hoping it would make them millionaires overnight, so by now i reckon most of camp 2 idiots probably sold or left bitcoin market for good, so real fresh fiat has already been exhausted... what's left are big ass mining operations, fake china volume and camp 1 who are anxiously waiting for another rally so that they can dump as much as they can on people like from camp 2... now that fresh fiat from average joe are dwindling and mining operations will keep dumping to recover whatever they've over invested you can guess where this is going to end... not going to be pretty that's for sure...  and all those trust funds or whatever that buy bitcoins can leave as fast as they came in.. these are nothing but ticking time bombs they care more cutting losses than "hodling cryptos"... by the way recent auction of SR coins that went unsold can speak for themselves: This shows that bitcoin is simply overpriced and majority of smart money are not willing to pay even at market price these days... 

Surprise surprise, it broke down. Was sooo hard to see... :D

Well... There's our dump...
Interesting how high volume always comes with price drops.

no, I wouldnt call this a high volume dump.

this is like tip of the iceberg.

Kwanza

This is nothing. Still counts as sideways for me.

Volume is almost always down on the weekends.  This is not record lows - maybe quite low after the recent volatility, but not for all time.

It's already picking up a bit now that Monday is here.

Volume is always down during stability.

The Monday dump happened in full effect. Stop calling it so early, the bears are always right

You know they will keep denying it even when 999 bitcoins buys a stick of gum  >:(

Things will happen slowly.

and it happened

350 again, and I feared for lower

The auction results have been the real killer here, so the price might tentatively go back up now.

"fewcoins: This user is currently ignored

NotLambchop: This user is currently ignored."

 ;D

I don't even have time for the trolls and shills.