myself (OP)
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 26, 2013, 01:43:55 PM |
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so what are the excuses for the current low volume ?
where is the volume by the news related to things like:
wordpress ? (remember this one? boy the news about WP accepting BTC made the bitcoin forums to have more moisture that a cinema at twilight première)
china ?
Argentina ?
Cyprus ?
EFF ?
the bill boards ?
reddit ?
wikileaks ?
okcupid ?
webmoney?
gimp?
libertarian party ?
Khan academy ?
bitcar ?
months and months of posts about news that will make the BTC grow, so where is the economy ? where are the fundamentals behind the market ?
disclosure i am long
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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bzzard
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July 26, 2013, 01:47:58 PM |
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summer
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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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July 26, 2013, 01:50:29 PM |
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My guess... An increase in sales of bitcoin outside of exchanges or in dark pools. A decrease in large speculative buys for very short term trading. It could also be the looming threat posed by ElephantCoin.  |
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myself (OP)
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 26, 2013, 01:50:32 PM |
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summer
weekly Timestamp Open High Low Close Volume (BTC) Volume (Currency) Weighted Price
2010-07-26 00:00:00 0.05454 0.0699 0.05 0.06785 25294.05 1555.39 0.06
2011-07-25 00:00:00 13.68 14.72299 13.312 13.53034 132603.9 1837851.39 13.86
2012-07-23 00:00:00 8.84553 9.2 7.75 8.8881 357352.49 3071480.49 8.6
this week is not over but here are the numbers 2013-07-22 00:00:00 89.82138 97.4767 88 96.11 81491.74 7680543.87 94.25 |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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humanitee
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July 26, 2013, 03:00:22 PM |
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summer
weekly Timestamp Open High Low Close Volume (BTC) Volume (Currency) Weighted Price
2010-07-26 00:00:00 0.05454 0.0699 0.05 0.06785 25294.05 1555.39 0.06
2011-07-25 00:00:00 13.68 14.72299 13.312 13.53034 132603.9 1837851.39 13.86
2012-07-23 00:00:00 8.84553 9.2 7.75 8.8881 357352.49 3071480.49 8.6
this week is not over but here are the numbers 2013-07-22 00:00:00 89.82138 97.4767 88 96.11 81491.74 7680543.87 94.25 Looks to me like you answered your own question. |
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| Whitepaper
Medium
Reddit
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ColdHardMetal
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July 26, 2013, 03:06:20 PM |
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words
Maybe people are just using it for what it is rather than something that needs to be converted to fiat. Hence, low exchange volume. What do BTC to BTC transaction numbers look like? |
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myself (OP)
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 26, 2013, 03:28:21 PM |
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Looks to me like you answered your own question.
nope i asked what are the excuses and so far i did not get any What do BTC to BTC transaction numbers look like?
and how u know the transactions are from mixing coins and what transactions are from wordpress payment ? |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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humanitee
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July 26, 2013, 03:47:23 PM |
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Looks to me like you answered your own question.
nope i asked what are the excuses and so far i did not get any What do BTC to BTC transaction numbers look like?
and how u know the transactions are from mixing coins and what transactions are from wordpress payment ? Those stats you put up show that volume in currency is higher than in the past years' summer weeks. No excuse needed, Bitcoin is worth more so there is less volume to compensate. That is unless I missed a digit somewhere in those numbers, the formatting gave me a headache. |
| | |
Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
█▄ ▀█ ██ █ ▄███ ██████ ███
█████ █ ██ ███ █ ████ ████ ▄ ███
█▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██
████████████████████████████████████████ |
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Medium
Reddit
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Peter Lambert
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July 26, 2013, 03:56:28 PM |
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Looks to me like you answered your own question.
nope i asked what are the excuses and so far i did not get any What is the question? You asked for excuses of why there is low volume, but you failed to first demonstrate that there is low volume needing an excuse! In fact, you demonstrated that the volume is quite healthy. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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myself (OP)
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 26, 2013, 08:14:49 PM |
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Those stats you put up show that volume in currency is higher than in the past years' summer weeks. No excuse needed, Bitcoin is worth more so there is less volume to compensate. That is unless I missed a digit somewhere in those numbers, the formatting gave me a headache.
since last years the number of btc related bussines grow allot, price dont compensate just look at 2011 and 2012 |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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rampantparanoia
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July 26, 2013, 08:20:41 PM |
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the excuse is: build up a GIANT buy wall, and then a whale takes a shit.
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dree12
Legendary
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Activity: 1246
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July 26, 2013, 08:24:56 PM |
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Mt. Gox volume isn't reliable. Try comparing total volume. This time last year, no exchange came close to Mt. Gox's volume. Now, Mt. Gox's USD market makes up a paltry 30% of all trades.
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Spekulatius
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Activity: 1022
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July 27, 2013, 01:21:44 AM |
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Low volatility means low volume. Thats whats happening right now.
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myself (OP)
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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July 27, 2013, 01:39:14 AM |
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Low volatility means low volume. Thats whats happening right now.
but what about the fundamentals ? all that new bitcoin economy all the good and services denominated on bitcoin |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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July 27, 2013, 01:49:40 AM |
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Low volatility means low volume. Thats whats happening right now.
but what about the fundamentals ? all that new bitcoin economy all the good and services denominated on bitcoin That is probably counted in to some degree by the market right now as well. When the bubble shot up it was a crass correction from being undervalued to being ludicrously overvalued in a matter of months. Now price discovery is turned into reverse and we are testing what lower levels seem appropriate. You still have to take the possibility into account that Bitcoin may still be strongly overvalued atm and price levels of the past months may not represent what BTC is worth right now but rather be under the bias of post-bubble euphoria. In other words: Nobody knows what Bitcoin is really worth right now and only after this bubble as completely deflated, we may return to a fully funtional price discovery mechanism. |
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phelix
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July 27, 2013, 03:10:34 AM |
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Mt. Gox volume isn't reliable. Try comparing total volume. This time last year, no exchange came close to Mt. Gox's volume. Now, Mt. Gox's USD market makes up a paltry 30% of all trades.
This |
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GigaDice
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July 27, 2013, 03:43:56 AM |
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Mt. Gox volume isn't reliable. Try comparing total volume. This time last year, no exchange came close to Mt. Gox's volume. Now, Mt. Gox's USD market makes up a paltry 30% of all trades.
This Sums it up quite nice, MTGox is losing its volume due to other exchanges erupting onto the scene. I believe this assumption for the "low volume" is based of a single piece of an entire pie. |
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kwukduck
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July 27, 2013, 07:47:02 AM |
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Big boys are waiting for confidence to go up. Then do a massive dump again to cause panic, buy back more cheaply. Repeat.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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ColdHardMetal
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July 27, 2013, 07:52:26 AM |
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What do BTC to BTC transaction numbers look like?
and how u know the transactions are from mixing coins and what transactions are from wordpress payment ? Can't know I suppose, but I expect I'd wager money on the percentage of users that use mixing services as being very low. |
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BTCThousandaire
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July 27, 2013, 08:03:57 AM |
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I think there are 3 reasons:
1 Whales waiting for new exchanges like Tradehill
2 Off-exchange trading with large volume not wanting to move the price
3 Exchanges distributing volume
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