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Author Topic: very low volume in the trade in the last day or two  (Read 388 times)
erikspoon
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April 18, 2013, 12:39:41 PM
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do you think the price is about to crush again?
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TheRealSolid
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April 18, 2013, 12:42:28 PM
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do you think the price is about to crush again?

I estimate about 6 million Bitcoins of the 11 million are "alive". Given all the recent news about Bitcoin it's hard to see price going down below the $10 -> $20 range we saw previously.

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April 18, 2013, 12:43:11 PM
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Low volume > crash? Lol  Grin
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bitsandcoins
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April 18, 2013, 12:51:01 PM
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with all the BTC exchanges going out of business - bitcoin-24, bitfloor - there will be soon only MtGox left.
this will affect BTC values negatively and I expect new lows.
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April 18, 2013, 12:52:01 PM
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I estimate about 6 million Bitcoins of the 11 million are "alive". Given all the recent news about Bitcoin it's hard to see price going down below the $10 -> $20 range we saw previously.

How can you estimate it? Can you reveal the mathematical formula behind your estimation?
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April 18, 2013, 01:09:22 PM
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I estimate about 6 million Bitcoins of the 11 million are "alive". Given all the recent news about Bitcoin it's hard to see price going down below the $10 -> $20 range we saw previously.

How can you estimate it? Can you reveal the mathematical formula behind your estimation?

It's based on a few things and is subjective to my own experiences dealing with SolidCoin and analysis of the Bitcoin chain. So just take it as my opinion (whatever that is worth to you) as it is very difficult to pass on the knowledge I have without writing a book on it Tongue

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April 18, 2013, 03:21:25 PM
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This reddit post: http://www.reddit.com/r/Bitcoin/comments/1chi0q/some_stats_i_just_did_on_bitcoin/ has a lot of statistical info that you might find interesting.
erikspoon
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May 05, 2013, 07:06:43 AM
 #8

as you can see every time the price go over 120 the trade volume drops considerably and only rises again on crushes
we begin seeing a form of a wave going down - that's can be a cause for a little worrying
any one here knows anything about technical analysis of a market ?
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