Great New Crashcorrection (fulfilled)

[sgbett]

You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...

BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv

Again, still the amount of Bitcoins traded is much lower than in April.

look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa

Ah, ok scratch that - I see from your chart...

[Miz4r]

You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...

BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv

Again, still the amount of Bitcoins traded is much lower than in April.

look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa

You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.

[ElectricMucus]

You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...

BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv

Again, still the amount of Bitcoins traded is much lower than in April.

look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa

You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.

Even the rise had bigger volume in April
http://data.bitcoinity.org/#ccacdfejaa

e: apparently not you are right that is part of the crash.
http://data.bitcoinity.org/#ccacdfejaa

[sgbett]

Thats a nice tool. Your monthly volume, I grant you is lower, I think at that granularity it misses something though. Looking at weekly volume's I'm not so sure its as clear cut as you imply.

Look at the volume in the whole run up to 260, vs the volume now, that big peak in April, thats the correction and churn following the run up.

The underlying assumption about BTC volume is what puzzles me most though, if the BTC price in fiat is much lower, then of course the same amount of currency, is going to move a lot more BTC volume.

I think the amount of fiat being moved around the BTC market is a more important indicator of the relative 'trade volume' compared to April no?

To be clear, I expect a correction at some point, despite any of my other 'to da moon' posts I may have made (gotta enjoy it when its going well!). I just don't think you can say this move isn't supported by volume based on the data I have seen so far.

[sgbett]

You also have other USD exchanges taking a bigger slice of the pie relative to the 266 high...

BTC-E another ~$10m http://bitcoincharts.com/charts/btceUSD#rg360ztgSzm1g10zm2g25zv
Bitstamp another ~$10-15m http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzcv

Again, still the amount of Bitcoins traded is much lower than in April.

look it stands out like a sore thumb...
http://data.bitcoinity.org/#caaaaafjaa

You can't even read the charts right. Bitcoin volume (not USD) during the entire month of April including crash is only 50% higher than the October volume. We're not even halfway through November yet so we can't compare those numbers right now, and we haven't seen a crash so far. Seriously you don't know what you're talking about and what you're comparing.

Bah quit beating me to it you bloody whippersnappers

[derpinheimer]

Looks lower to me:



And remember this is with 0 Fee China inflating it quite a bit. Not people trading on high-fee Gox, like April.

[DeathAndTaxes]

Not sure why people are saying "monthly volume" you guys do know the charts all share the same url right?  Click on price & volume and daily and you can see daily volume across all exchanges.

[wobber]

Should I buy back now? Sold at the price of 394 out of 395.

[Tzupy]

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

[wobber]

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

[Tzupy]

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

[/dev/null]

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

Huge crash coming soon.

[/dev/null]

If all american and  chinese started selling... price is go down to 100$ easily in a day.

[adamstgBit]

If all american and  chinese started selling... price is go down to 100$ easily in a day.

problem is all american and  chinese are buying not selling

[wobber]

If all american and  chinese started selling... price is go down to 100$ easily in a day.

problem is all american and  chinese are buying not selling

Just a few. It's like inbreeding. Some groups buy buy buy but they all have to sell at some point.

[notthematrix]

If all american and  chinese started selling... price is go down to 100$ easily in a day.

problem is all american and  chinese are buying not selling

Just a few. It's like inbreeding. Some groups buy buy buy but they all have to sell at some point.

If  you use it to side step the $  economy why selling , only if you need to buy stuff , but if value increases less of bitcoin you need to spend
The soled bitcoin parts  will come free for a higher fiat price.
 

[wobber]

If this selloff breaches 340 we're doomed. 340 is 24hrs low.

[freethink2013]

If this selloff breaches 340 we're doomed. 340 is 24hrs low.

yep this next crash will bring us to within $50 of the previous all time high

sell sell sell

[Tzupy]

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

I fell asleep waiting for further drops and just woke up. This doesn't look like a replay of the 217$ to 177$ drop.
But so far I haven't seen the avalanche of coins required to pop the bubble, so I'm not sure (and sleepy, it's about 2 AM, my time).

[wobber]

We're close to a retest of 340. Hold your finger crossed, if that helps.