Bitcoin Forum
May 10, 2024, 04:49:55 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > How is "Volume" calculated on the bitcoin exchanges?
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: How is "Volume" calculated on the bitcoin exchanges?  (Read 975 times)
forbun (OP)
Member
**
Offline Offline

Activity: 107
Merit: 10


View Profile WWW
June 26, 2011, 09:13:56 AM
 #1
What does the "Volume" number really mean? (Sorry, I'm new to trading.)
What name would you give to the smallest unit of bitcoin (0.00000001)? sat. What name would you give to 100 sats? bit. 1 bit = 1 uBTC. 1,000,000 bits = 1 BTC. It's bits
1715359795
Hero Member
*
Offline Offline

Posts: 1715359795

View Profile Personal Message (Offline)

Ignore
1715359795
1715359795
Reply with quote  #2
1715359795
Report to moderator
1715359795
Hero Member
*
Offline Offline

Posts: 1715359795

View Profile Personal Message (Offline)

Ignore
1715359795
1715359795
Reply with quote  #2
1715359795
Report to moderator
1715359795
Hero Member
*
Offline Offline

Posts: 1715359795

View Profile Personal Message (Offline)

Ignore
1715359795
1715359795
Reply with quote  #2
1715359795
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715359795
Hero Member
*
Offline Offline

Posts: 1715359795

View Profile Personal Message (Offline)

Ignore
1715359795
1715359795
Reply with quote  #2
1715359795
Report to moderator
FreeMoney
Legendary
*
Offline Offline

Activity: 1246
Merit: 1014


Strength in numbers


View Profile WWW
June 26, 2011, 09:48:01 AM
 #2
Quote from: forbun on June 26, 2011, 09:13:56 AM
What does the "Volume" number really mean? (Sorry, I'm new to trading.)

On mtgox it was a rolling 24hr volume and I think that has become standard with bitcoin volume info.
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
dserrano5
Legendary
*
Offline Offline

Activity: 1974
Merit: 1029



View Profile
June 26, 2011, 11:33:38 AM
 #3
Ahh good to know. I thought it was reset at 0:00 GMT.
Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252
Merit: 251



View Profile
June 26, 2011, 01:48:57 PM
 #4
Quote from: an0therlr3 on June 26, 2011, 11:33:38 AM
Ahh good to know. I thought it was reset at 0:00 GMT.

If you follow bitcoincharts.com then the daily volume (and open/close) resets at precisely 01:00 GMT +0.
All coins traded between then and the next 24 hours are the daily 'volume'.
1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > How is "Volume" calculated on the bitcoin exchanges?
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!