Really low volume on gox has me on edge

[notig]

does it mean people are finally moving to better exchanges? Or......... there is just no buying pressure

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[CMMPro]

The suspense is excruciating....I hope it lasts.

[evolve]

I think people are waiting on the sidelines to see what the market is going to do.

[insuranceguy]

We need to see several months of price consolidation at this level before a new leg up.

[hollowframe]

calm before storm. buy and sell pressure both weak. but most indicators show drastically reduced buy pressure from bordering on bear market territory, so more bearish than bullish i think

[TERA]

Gox is just a bot system that reflects the price on other exchanges. Since the other exchanges are trading sideways, the bots are not active.

You think the mtgox buying pressure is low? There is actually NO real buying or selling pressure on mtgox these days, except occasional arbitrage traders.

[hollowframe]

Gox is just a bot system that reflects the price on other exchanges. Since the other exchanges are trading sideways, the bots are not active.

You think the mtgox buying pressure is low? There is actually NO real buying or selling pressure on mtgox these days, except occasional arbitrage traders.

huh, hadn't thought about that. i could have sworn that when the exchanges werent following china, they were still following gox....

[Logik]

You're measuring volume in USD right?

[matt4054]

Bitcoiners have been Goxed too many times, presumably, yes, they are moving to better exchanges indeed.

I believe Gox is still a trend setter to some extent for the exchange rate, though.

[thetopham]

last time I saw this happen, BTC price was at $200.... then it exploded to $1000 so who knows?

[CMMPro]

Bid Sum + Ask Sum is like $61M...it's literally never been this high.

There is a lot of money waiting to enter the system.

[pand70]

You think that people are ready to buy only days after bitcoin lost half of its value?
It 'll take time for confidence to be restored.