Bitcoins become boring?

[daburone]

Seems like nothing much is happening. The volume is way, way down on MtGox. Yesterday only 6,000 coins traded. The market is practically in a coma. What's needed to get the wheels turning again?

[Chet]

MtGox is not the best gauge these days.

[John (John K.)]

MtGox is not the best gauge these days.

+1. More and more sales are done privately, or simply traded with goods.

[fcmatt]

MtGox is not the best gauge these days.

+1. More and more sales are done privately, or simply traded with goods.

Maybe, but i cannot be the only one who completely stopped trading due to dwolla and gox not working.
I am unsure how much liberty reserve mattered in the scheme of things.

[daburone]

MtGox is not the best gauge these days.

What gauge do you use?

[GenTarkin]

is there a good site that shows volume / trades / graphs of all bitcoin exchanges? I remember seeing one long ago but forgot what it was =P

Also, yea we need bitcoin to be quiet in volatility but... in terms of volume, it would be nice to have some massive volume w/ not much volatility - would reflect a massive demand in exchanging it - thus more widespread adoption.

[CasinoBit]

Seems like nothing much is happening. The volume is way, way down on MtGox. Yesterday only 6,000 coins traded. The market is practically in a coma. What's needed to get the wheels turning again?

People are trading less with MtGox after it got teabagged, surprise surprise...

[pand70]

or simply traded with goods.

or not 

[Chet]

You can't gauge the use of dollars by looking at Forex. As bitcoins are used in private transfers and goods purchase activity should be visible on the blockchain.

[Mike Christ]

http://www.listentobitcoin.com/

If you really want to see how often Bitcoin is being used

[The 4ner]

If you're idle bitcoin is idle. Do your part to "start the wheel".

[bitcoinchecker]

http://www.listentobitcoin.com/

If you really want to see how often Bitcoin is being used

I Love that site.

Great stuff.

[phatsphere]

20k dump, massive up and down swings, and that's on a sunday. what are you talking about?

[Sukrim]

Did you mean "Bitcoin trading became boring"?

Because Bitcoin is what happens outside of exchanges, not with the IOUs inside them!

[cosmicboy]

"I am unsure how much liberty reserve mattered in the scheme of things."

People that used Liberty Reserve and switched to bitcoin are for the most part not using Mt Gox. That is anyone involved in black market activities

-cb

[calian]

Historically boring times are the best times to be dollar cost averaging in.

[mprep]

http://www.listentobitcoin.com/

If you really want to see how often Bitcoin is being used

I Love that site.

Great stuff.

Thanks for the link. It's like music to my soul. Dang, it feels relaxing. 

[Elwar]

I used to consistently pour my paychecks into bitcoin via MtGox every two weeks. I have yet to decide on my next exchange. I am sure many others have moved to other exchanges.

I am focussing on paying down a few credit cards while I figure out the best place to exchange my money.

[The 4ner]

I used to consistently pour my paychecks into bitcoin via MtGox every two weeks. I have yet to decide on my next exchange. I am sure many others have moved to other exchanges.

I am focussing on paying down a few credit cards while I figure out the best place to exchange my money.

Damn! Entire paychecks? Now that's what I call "having faith in bitcoin". I only purchase a single coin each paycheck, and save the rest, but if the paycheck is large enough I'll purchase two. 

[Zaih]

Well wasn't that a change of events