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Author Topic: How is "Volume" calculated on the bitcoin exchanges?  (Read 873 times)
forbun
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June 26, 2011, 09:13:56 AM
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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
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June 26, 2011, 09:48:01 AM
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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.

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June 26, 2011, 11:33:38 AM
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Ahh good to know. I thought it was reset at 0:00 GMT.

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June 26, 2011, 01:48:57 PM
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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'.

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