Where has all the volume gone?

[zkay]

What's up? Someone said in another thread, there are very few trades going on on gox right now. Any ideas why? With so much money on the bid side, it just seems weird.Are people waiting for the price to do something? Drop or rise?

[1714471774]

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[1714471774]

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[1714471774]

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[niko]

What's up? Someone said in another thread, there are very few trades going on on gox right now. Any ideas why? With so much money on the bid side, it just seems weird.Are people waiting for the price to do something? Drop or rise?

Have you looked at the volume before starting this thread? I am asking because it is out of touch with reality.

[zkay]

I sat staring at bitcoinity for twenty minutes earlier and saw maybe 10 trades come across, most tiny. Are people now actively trading?

[zkay]

I sat staring at bitcoinity for twenty minutes earlier and saw maybe 10 trades come across, most tiny. Are people now actively trading?

It would seem not, and it's a Tuesday.

Code:

19.87	a few seconds ago	78.570 
mtgox	1.00	3 minutes ago	78.400 
mtgox	33.31	3 minutes ago	78.570 
mtgox	0.01	5 minutes ago	78.550 
mtgox	1.09	5 minutes ago	78.570 
mtgox	16.24	7 minutes ago	78.528 
mtgox	15.00	9 minutes ago	78.360 
mtgox	0.63	9 minutes ago	78.539 
mtgox	2.44	10 minutes ago	78.570 
mtgox	1.00	10 minutes ago	78.360 
mtgox	89.79	10 minutes ago	78.570 
mtgox	8.21	10 minutes ago	78.565 
mtgox	5.08	10 minutes ago	78.549 
mtgox	0.13	10 minutes ago	78.540 
mtgox	50.12	10 minutes ago	78.500 
mtgox	11.87	10 minutes ago	78.495 
mtgox	0.20	12 minutes ago	78.360 
mtgox 	1.40 	14 minutes ago 	78.160
mtgox 	1.13 	14 minutes ago 	78.495 
mtgox 	0.01 	14 minutes ago

That's what I see at the moment.

Mind you on any given day but a Sunday most of that page is "a few seconds ago" or "<2 minutes ago".

[seldon]

Have all been waiting for that "8 hours" countdown

[lucif]

It is called consolidation. Or silence before storm. Often behavior

[zkay]

It is called consolidation. Or silence before storm. Often behavior

Ah, interesting.

[niko]

It is called imagination. Here are the past five days in 30-min chunks:


There is nothing special going on today. Just the usual variance.

[oakpacific]

And not to forget you need $10k to make even a tiny 130 BTC order these days.

[justusranvier]

Plenty of volume if you look at it correctly:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzcvzl

[BTC Books]

Plenty of volume if you look at it correctly:

http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSzm1g10zm2g25zvzcvzl

That is a fearsome, massive and awe-inspiring graph.  The weekly 'All Data' chart has always been my favorite.