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Bitcoin Forum > Economy > Economics > Speculation > look at the crazy volume.....
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jasonjm (OP)
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November 03, 2015, 07:16:59 PM
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basically every single person and their mother must have been waiting for a bottom, and then all decided at the same time that the bottom is in. USD volume today is going to be 10x greater than the normal days I have been seeing in 2015.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ibrahim11
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November 03, 2015, 07:20:41 PM
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Quote from: jasonjm on November 03, 2015, 07:16:59 PM
basically every single person and their mother must have been waiting for a bottom, and then all decided at the same time that the bottom is in. USD volume today is going to be 10x greater than the normal days I have been seeing in 2015.


On bitstamp the volume a few days ago was 22k and now it's 77k
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November 03, 2015, 07:41:56 PM
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Bitstamp average for last month - ~25 000 per day and last 24 hours ~80 000  - 320% increase
Btc-e average for last month - ~10 000 per day and last 24 hours ~40 000   -  400% increase

The trend seams to be spread out across all exchanges, and i really hope for the best, but i fear to me that the sellers keep re-buying at a loss, and that never ends well.
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November 03, 2015, 07:47:30 PM
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Massive dump attempt...

Anyone got an extra spear for this bearwhale?
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November 03, 2015, 07:52:03 PM
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https://www.youtube.com/watch?v=eGPhUr-T6UM
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