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Author Topic: Why the low volume on Mt.Gox  (Read 2464 times)
frechdaxx
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June 15, 2011, 11:15:05 AM
 #1

Hey,

I'm just curious why the volume is so low these days:

http://img849.imageshack.us/img849/443/unbenanntumc.png


Shouldn't people not want to buy as the price is relatively low again and Wikileaks wants to use BitCoins?
Also there were many problems with Dwolla last week, which lead to many people without funds to spent in their account.
According to Google there was never so much about BitCoin in the news as today:
http://www.google.com/trends/viz?q=bitcoin&date=mtd&geo=all&graph=weekly_img&sort=0&sa=N

Shouldn't this all be leading to a high demand?
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Grant
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June 15, 2011, 11:24:45 AM
 #2

The price is wrong = low volume

This can mean either too high or too low price. My own bets are the price is too high right now.

ene
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June 15, 2011, 12:01:40 PM
 #3

It can take a few days for interest on Mt Gox to increase after news stories. Dwolla is slow.
Grant
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June 15, 2011, 12:15:46 PM
 #4

It can take a few days for interest on Mt Gox to increase after news stories. Dwolla is slow.

Well i have a substantial amount of $ on my mtgox account im not buying into what seems like a necessary correction.

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June 15, 2011, 12:35:52 PM
 #5

MtGox was DDoSed yesterday, which partly explains the low volume.  The other is that the speculative frenzy has died down.  We're not seeing a mad climb to $30 or a panic fall to $10.  Less people interested in participating at the moment.  To be honest, I prefer it this way.  An exponential rise in BTC's value only helps speculators while running a high risk of destroying the fledgling BTC economy.

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Vandroiy
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June 15, 2011, 12:40:59 PM
 #6

I'm not sure, but maybe people are just slow to realize there is no infinite money influx.

Also betting on a down correction. But it's very very psychological now, nobody wants to make a clear statement, so everybody's just staring at the history in disbelief or something.

Anyways, this isn't a stable state, is should change within the next days one way or the other.
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June 15, 2011, 03:03:40 PM
 #7

If they could come close to the load people are trying to throw at them I expect it would look much different right now. I'm not saying it would necessarily be higher or lower but there would be quite a bit more volume.

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June 16, 2011, 03:41:52 AM
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Total BTC   6,558,750 BTC

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everyone busy securing their coins
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June 16, 2011, 05:25:29 AM
 #9

Dark pool trading doesn't show up in volume though right?
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June 16, 2011, 06:13:49 AM
 #10

Dark pool trading doesn't show up in volume though right?

it does. offers are dark trades are not.

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andes
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June 16, 2011, 06:26:12 AM
 #11

Guys, give Bitcoin time. I think if bitcoins doubles its price once a month for the next year, it would be epic. Before the crash the rate of growth was insane! Markets need time to correct, and the investors time to think.

IMO this slowdown is very healthy, and I hope the future growth is more steady, although I honestly doubt it. My bet is a wild ride to the top.

BTW, interesting google statistic.
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