Look at that 24hr volume on Bitstamp

[DiamondCardz]

106555 BTC, holy crap. That's actually amazing, combined with the other exchanges the 24hr volume in the whole Bitcoin ecosystem has probably been ridiculously high recently. I really like seeing all this activity, even if it's probably caused by a bubble.

[1714110344]

1714110344

[thefaucetrunner]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

[DiamondCardz]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

While the Ponzi owners do make a lot of money bud, I don't think that a 6-figure BTC volume has been driven by the owners of Ponzis alone. Maybe 10-100 BTC of the volume is that tops, but it's probably less as I'll bet most Ponzi owners have no actual interest in Bitcoin and cash out instantly.

[azguard]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

While the Ponzi owners do make a lot of money bud, I don't think that a 6-figure BTC volume has been driven by the owners of Ponzis alone. Maybe 10-100 BTC of the volume is that tops, but it's probably less as I'll bet most Ponzi owners have no actual interest in Bitcoin and cash out instantly.

seen on btc-e that several sold of more then 500 btc were made also on cryptsy to as you said above to many coin are involved for "gambling" to be issue here

[freedomno1]

It is a lot of volume right now around $255 million on present count looking at all the exchanges combined volumes.
http://coinmarketcap.com/exchanges/volume/24-hour/
http://coinmarketcap.com/currencies/bitcoin/#markets

[1Referee]

Bitstamp has a very nice volume which makes it perfectly capable of doing ultra fast day trading. Have made a nice profit during the large swings. Bitfinex is as well doing great with 450K BTC volume. I think the volumes will come back to earth the comming days where the price advance will slow down for a few days or week.

[Tstar]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

Sure? How can you say that? Do you really think there are so much money (BTC) involved in the gambling section?
Do you have any reference or something you could give to what you have just said?

[Amph]

still a tiny drop in the ocean compared to the volume of those big chinese exchange, it seems that they are the reason why bitcoin it's growing, without chinese we would still be at 100-200 range forever

[Raimonn]

An important % of bitcoin volumen these days are from traders that are buying and selling bitcoins during the same day.

[darkangel11]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

Sure? How can you say that? Do you really think there are so much money (BTC) involved in the gambling section?
Do you have any reference or something you could give to what you have just said?

He's delusional. No gambling or scam can fuel a hype like that. It was the articles about Bitcoin that came up recently and the possible lifting of chinese ban

[USB-S]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

Sure? How can you say that? Do you really think there are so much money (BTC) involved in the gambling section?
Do you have any reference or something you could give to what you have just said?

He's delusional. No gambling or scam can fuel a hype like that. It was the articles about Bitcoin that came up recently and the possible lifting of chinese ban

What about MMM ponzi, that shit has at least $100m in funds. Can't wait until it collapses. A lot of tears everywhere.

[bryant.coleman]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

If people were cashing out their coins, then the prices would have fallen. But the exact opposite has happened. So my guess is that some institutional investor is accumulating the coins, and probably they are buying hundreds of thousands of Bitcoins. The volumes in BTC-e also went crazy during the past 24-hours. I am not sure, but it seems that it broke the BTC100,000 mark.

[eternalgloom]

The Ponzi owners are cashing out! I seriously believe the 'Gambling' section of this forum has driven this bubble in large part - a subforum of that section!

Sure? How can you say that? Do you really think there are so much money (BTC) involved in the gambling section?
Do you have any reference or something you could give to what you have just said?

He's delusional. No gambling or scam can fuel a hype like that. It was the articles about Bitcoin that came up recently and the possible lifting of chinese ban

Agreed, these prices are clearly driven up by the Chinese.
No way the gambling section has this much influence over the price. 

[RealBitcoin]

Fascinating, we almost hit the volume of the NYSE

Soon bitcoin will be the biggest financial market in the world.

[NorrisK]

Fascinating, we almost hit the volume of the NYSE

Soon bitcoin will be the biggest financial market in the world.

Was that bitstamp alone or combined volume on all exchanges?

I wouldn't count the chinese volume for sure, as free trading is easily manipulated to fake massive volume..

Although, it could very well be possible that a large part has become real trading last few weeks with the price bump.

[jaysabi]

Fascinating, we almost hit the volume of the NYSE

Soon bitcoin will be the biggest financial market in the world.

Source on what you're referring to here? NYSE dwarfs bitcoin in terms of number of trades, and most especially, value of trade. It's not even close.

[shamati]

Wait and wait. You'll see 

[crazyivan]

106555 BTC, holy crap. That's actually amazing, combined with the other exchanges the 24hr volume in the whole Bitcoin ecosystem has probably been ridiculously high recently. I really like seeing all this activity, even if it's probably caused by a bubble.

I have to say I do not see major increase of new users arround, no new names on this or other forums. I guess BTC needs to go higher to get this. This is why I believe most of this price jump is speculative.

[~Bitcoin~]

I think those volume are from day traders. Chinese exchanges have skyrocketed the price and then all those big guy holding large amount of coins jumped in and start to do day trade for profit. I find this good as we can also follow them and earn quick profit. In my opinion price gonna swing around 350-400 on next week also due to those day traders.

[RealBitcoin]

Fascinating, we almost hit the volume of the NYSE

Soon bitcoin will be the biggest financial market in the world.

Source on what you're referring to here? NYSE dwarfs bitcoin in terms of number of trades, and most especially, value of trade. It's not even close.

I said almost, that means we are not there yet.

But if this continues , bitcoin volume will exceed NYSE. Because it's global.

Imagine the 3.5 billion unbanked, starting trading /moving bitcoins around, the NYSE will become the dwarf.