|
Title: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: GreenCoin22 on September 29, 2014, 02:47:59 AM The volume of the last six months:
https://i.imgur.com/DfZXUAF.png The price of the last six months: https://i.imgur.com/RHmueW8.png What happened?? ??? Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: hyphymikey on September 29, 2014, 03:02:19 AM Whales cashing out. Which is good for bitcoin. Distributing the hoards of coins to people who have a chance to actually use those coins is better than a few big holders just sitting on all those coins. Once they are done selling what they want, selling pressure should decrease. How long that will take no one knows.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: notme on September 29, 2014, 03:37:03 AM Look at the last 18 months and maybe you'll see a bigger picture.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: GreenCoin22 on September 29, 2014, 04:03:34 AM Look at the last 18 months and maybe you'll see a bigger picture. do you mean that? If there were no chinese involved, the Bitcoin prices are steadily increase from $100 to $400, and now we should be cheering instead of sorrow.. https://i.imgur.com/IXDbEpp.png Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: njcarlos on September 29, 2014, 05:00:13 AM Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: vigsun on September 29, 2014, 09:38:37 AM You're a rare talent, but the key is that I was buying bitcoins after chinese had joined.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Tzupy on September 29, 2014, 09:41:32 AM It's normal for volume to increase during the last phase of the bear market, with the biggest drops.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Oscilson on September 29, 2014, 10:05:18 AM The volume from the Chinese exchanges should be discounted due to the 0% fee.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: yokosan on September 29, 2014, 10:07:18 AM The next bubble will come from one of the following:
- Eastern Europe - Philippines - Thailand OR: - Some other country where remittance is a big deal Pick your poison. Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: MrPiggles on September 29, 2014, 10:18:01 AM The next bubble will come from one of the following: - Eastern Europe - Philippines - Thailand OR: - Some other country where remittance is a big deal Pick your poison. Remittance isn't a big part of the Thai economy Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: sbrzol on September 29, 2014, 11:06:05 AM The next bubble will come from one of the following: - Eastern Europe - Philippines - Thailand OR: - Some other country where remittance is a big deal Pick your poison. haha, Eastern Europe? Are you kidding? In Hungary nobody knows about bitcoin , 1 bitcoin ATM and some shops nothing else Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: crocko on September 29, 2014, 11:47:13 AM IMO many people from the ENTIRE world don't know about the Bitcoin and crypto currency.
Actually there are only a small percent who know about this. When more people will use Bitcoin , the price will climb again. Until then, only the big companies "embraced" the Bitcoin phenomena , and cash out immediately, hurting the Bitcoin price. Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: intighet on September 29, 2014, 12:44:28 PM It's normal for volume to increase during the last phase of the bear market, with the biggest drops. +1 Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: BitCoinNutJob on September 29, 2014, 07:04:55 PM The bear market wont be lasting much longer the increased volume is showing us this. Its all very nice timing with fundamentals intact and the colder weather now hitting europe USA making all online activity upwards. Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Oscilson on October 03, 2014, 08:36:10 AM The bear market wont be lasting much longer the increased volume is showing us this. Its all very nice timing with fundamentals intact and the colder weather now hitting europe USA making all online activity upwards. If the cooling cost is lower for BTC miners, then the incentive for them to sell is bigger. Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Bit-Gods on October 03, 2014, 08:39:44 AM I think we will go down to ~300$ and then the way is only up.
Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: zeroday on October 03, 2014, 10:43:30 AM I think we will go down to ~300$ and then the way is only up. Or even $280, but shorting now is risky as floor may be above 300. Now I'm waiting with my bids placed from $280 to $350. Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: ElGabo on October 03, 2014, 01:24:47 PM The next bubble will come from one of the following: - Eastern Europe - Philippines - Thailand OR: - Some other country where remittance is a big deal Pick your poison. haha, Eastern Europe? Are you kidding? In Hungary nobody knows about bitcoin , 1 bitcoin ATM and some shops nothing else I don't think so.... Just nobody speaks about it because of tax laws and others... Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Meuh6879 on October 03, 2014, 01:29:55 PM haha, Eastern Europe? Are you kidding? In Hungary nobody knows about bitcoin , 1 bitcoin ATM and some shops nothing else see what append in 3 months with the swiss country (after official law accepted) = new ATM and seller ! More than other near countries ! Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: kwukduck on October 03, 2014, 01:33:40 PM What confuses me most is how the order books look, add it all together and there's so much more buying pressure than selling pressure, which makes me think that there's a few big whales (maybe even one?) that keep on selling down and not many other people.
It's not very nice to see the value in such long term decline, on the other hand, we really don't want people holding 50-300k btc single handedly i'd think, so spreading the coins is good i guess... Title: Re: The trading volume is more and more, WHY IS THE PRICE LOWER AND LOWER? Post by: Elwar on October 03, 2014, 02:01:53 PM |
