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Author Topic: Trading Volume of BTC dropped even when the Price is Discounted one!  (Read 164 times)
frowsiter (OP)
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May 26, 2018, 09:05:53 AM
 #1

Hello BCTalkers,

There is one fact of BTC that I would like to share first. When the BTC drops in the price then there is observation that BTC gets more 24 hours volume than the previous stage as it is being traded at discounted price and thus people buy more and more.

However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.

I dont understand whats happening really? Is it like that people are truly panicking right now? Or is it something about BTC that we should know ?
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May 26, 2018, 09:24:51 AM
 #2

Just like trading any market. There is a cycle that needs to happen. Right now, let's just say that BTC is taking a break. Some may say that it is only gaining strength or sleeping, but then eventually it will wake up and do it's thing whether go up or go down further.
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May 26, 2018, 10:11:38 AM
Last edit: May 26, 2018, 10:50:18 AM by Tytanowy Janusz
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 #3

Hello BCTalkers,

There is one fact of BTC that I would like to share first. When the BTC drops in the price then there is observation that BTC gets more 24 hours volume than the previous stage as it is being traded at discounted price and thus people buy more and more.

However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.

I dont understand whats happening really? Is it like that people are truly panicking right now? Or is it something about BTC that we should know ?

Very good topic. I've notice this too few days ago. Volume is very low.

Ill try to answer the best i can:

1- volatility incrise volume. Now even the bitcoin is relatively cheap its volatility is very low (high for stock but for cryptocurrency 1% dayli is boring for those who are here beacuse of volatility higher then on stocks). It mean that noone is running to catch bitcoin. There are less emotional trades. Also there are less traders who are making volume buying and selling after 5 min. Less trading bots. Or mayby the same amount of trading bots but they make less transactions.

2- Bitcoin price is slowly getting to the point where is should be. When price is too high/low (20k for bitcoin in deceber) makes fomo investors jump, smart money leave, that incrise volatility what makes more traders jump in etc. Also when price is at ATH and ATL makes a lot of emotions and transactions. Now when bitcoin is sitting at current price since february every investor has his change to buy/sell at current price. We had massive bitcoin exchange over investors. Most of them who bought/sell since february is waiting for better gain/lower rebuy. Current price is not high enough for those who buy lower in last 3 months to sell and not low enought for those who sell in last 3 months. Volume will go lower and lower until whale will pump it or dump.

3- fighting with supports and resistance - that also creates emotions. Bigger walls are also located there what gives oportunity for whales to buy/sell big amounts without pushing price - whats create volume. Currently bitcoin is in the middle of closes support and resistance. 0 emotions.

4- those, who were panic selling bitcoin in january/february (december pump noobs who didnt know what bitcoin is just bought beacuse it was rising very fast) probably sold out. Now we have hodlers/traders ... and MTGOX Smiley


Just like trading any market. There is a cycle that needs to happen. Right now, let's just say that BTC is taking a break. Some may say that it is only gaining strength or sleeping, but then eventually it will wake up and do it's thing whether go up or go down further.

Alwais try to find economical explanation. How demand and supply works. Talking like "bitcoins needs break" "chart is doing someting" "its getting strength" and repetiting smart sentence from older traders will never learn you how market works and when to buy and sell.

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May 26, 2018, 10:51:57 AM
 #4

Yes, there is such a trend in recent times. Bears trend.
It remains to hope and wait for the bulls)  Smiley
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May 26, 2018, 11:14:41 AM
 #5

However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.

you are probably comparing the daily volume of today which is only less than half the day gone with days before which are full days and full trading volume. if you want to compare you either have to compare it by the end of the day and say it has dropped "significantly" or you have to do some sort of hourly comparison.

also today we didn't have that much change in price which means there were fewer trades and that means less volume. also I agree with what Tytanowy Janusz said above about the volume drop.

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May 26, 2018, 11:29:13 AM
 #6

However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.

you are probably comparing the daily volume of today which is only less than half the day gone with days before which are full days and full trading volume. if you want to compare you either have to compare it by the end of the day and say it has dropped "significantly" or you have to do some sort of hourly comparison.

also today we didn't have that much change in price which means there were fewer trades and that means less volume. also I agree with what Tytanowy Janusz said above about the volume drop.




I was talking about this red downtrend in volume. It can also be observe by this black line.  In december/april almost every day has volume higher than black line. We cant say the same now.

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May 26, 2018, 11:37:47 AM
 #7

Perhaps the lower trading volume means that more people decided to hold their bitcoins,because of the lower market price.When the price is going down,but the trading volume is high,this is panic selling.Now,the price is decreasing,but there is no panic selling,which is a good sign.

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May 26, 2018, 01:12:15 PM
 #8

Perhaps the lower trading volume means that more people decided to hold their bitcoins,because of the lower market price.When the price is going down,but the trading volume is high,this is panic selling.Now,the price is decreasing,but there is no panic selling,which is a good sign.
Not only panic selling many miners also drop the Bitcoin mining this also affected in the market because miners are expecting the profit in every day but current scenario of market is down automatically mining profit also reduced but power consumption is same so many miners are stop the mining. Again it will growing miners are start journey and Bitcoin is going to moon.

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May 26, 2018, 01:20:47 PM
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Hello BCTalkers,

There is one fact of BTC that I would like to share first. When the BTC drops in the price then there is observation that BTC gets more 24 hours volume than the previous stage as it is being traded at discounted price and thus people buy more and more.

However if you guys checkout the market right now then you will see that there is huge drop in the market 24 hour volume. Surprisingly the price per bitcoin is also lowest but still the traded volume is low.

I dont understand whats happening really? Is it like that people are truly panicking right now? Or is it something about BTC that we should know ?

Very good topic. I've notice this too few days ago. Volume is very low.

Ill try to answer the best i can:

1- volatility incrise volume. Now even the bitcoin is relatively cheap its volatility is very low (high for stock but for cryptocurrency 1% dayli is boring for those who are here beacuse of volatility higher then on stocks). It mean that noone is running to catch bitcoin. There are less emotional trades. Also there are less traders who are making volume buying and selling after 5 min. Less trading bots. Or mayby the same amount of trading bots but they make less transactions.

2- Bitcoin price is slowly getting to the point where is should be. When price is too high/low (20k for bitcoin in deceber) makes fomo investors jump, smart money leave, that incrise volatility what makes more traders jump in etc. Also when price is at ATH and ATL makes a lot of emotions and transactions. Now when bitcoin is sitting at current price since february every investor has his change to buy/sell at current price. We had massive bitcoin exchange over investors. Most of them who bought/sell since february is waiting for better gain/lower rebuy. Current price is not high enough for those who buy lower in last 3 months to sell and not low enought for those who sell in last 3 months. Volume will go lower and lower until whale will pump it or dump.

3- fighting with supports and resistance - that also creates emotions. Bigger walls are also located there what gives oportunity for whales to buy/sell big amounts without pushing price - whats create volume. Currently bitcoin is in the middle of closes support and resistance. 0 emotions.

4- those, who were panic selling bitcoin in january/february (december pump noobs who didnt know what bitcoin is just bought beacuse it was rising very fast) probably sold out. Now we have hodlers/traders ... and MTGOX Smiley


Just like trading any market. There is a cycle that needs to happen. Right now, let's just say that BTC is taking a break. Some may say that it is only gaining strength or sleeping, but then eventually it will wake up and do it's thing whether go up or go down further.

Alwais try to find economical explanation. How demand and supply works. Talking like "bitcoins needs break" "chart is doing someting" "its getting strength" and repetiting smart sentence from older traders will never learn you how market works and when to buy and sell.
Only people who have curiosity can win the game. If you are just following the pattern of others then you cannot make any differences.
In cryptocurrency trading, we do not just based from the market and traders reaction because everytime, there are always changes. Prices are stagnant and today is really different from tomorrow.
If we will become curious then we will think that markets does not just depends in demand and supply because news have great impact to the reaction of the people.

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May 26, 2018, 01:27:46 PM
 #10

Perhaps the lower trading volume means that more people decided to hold their bitcoins,because of the lower market price.When the price is going down,but the trading volume is high,this is panic selling.Now,the price is decreasing,but there is no panic selling,which is a good sign.
I agree with this idea. The market has fallen sharply in the past week and many investors have used up their money to buy Bitcoin so trading volume is down due to this. I think everyone is waiting for a pump from a whale to get rid of anxiety, fear, and panic as this is a time when investors are waiting and hoping.

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May 26, 2018, 01:39:57 PM
Last edit: May 26, 2018, 02:15:18 PM by Tytanowy Janusz
 #11

Only people who have curiosity can win the game. If you are just following the pattern of others then you cannot make any differences.
In cryptocurrency trading, we do not just based from the market and traders reaction because everytime, there are always changes. Prices are stagnant and today is really different from tomorrow.
If we will become curious then we will think that markets does not just depends in demand and supply because news have great impact to the reaction of the people.

Mate. Market is all about demad and suply. News has impact not on market price. Thay have impact on demand and supply what has influance on market.

Good news incrise demand and decrise supply what push price higher.

Bad news incrise supply and decrise demand what push price lower.

There is no magic conection between news and market price without changing demand and supply.


In cryptocurrency trading, we do not just based from the market and traders reaction because everytime, there are always changes. Prices are stagnant and today is really different from tomorrow.

In every trading it is how you wrote. Not only in cryptocurrency. Im not saying that you need to find magic pattern. Im saying that everhing has economical explanation. Knowing how whales prepare for pump will help you find it for example. Knowing how makret reacts to news and icoming event is about to know how market works.
Example:
News about launching mainnet
1- price pump (investors jump in to be faster than others - its buy rumors time)
2-price dump (some investors are taking profit, oportunity to buy - its buy rumors time at best price)
3-price increasy (more investor jumping in seeing price increase and knowing about news)
4-event
5-price decrise (price dump if it accures a shit event  or sometimes price incrise if event was better than expected) - investors are selling. There is no indicator for future grow. We are after event. Its sell news time.

How it would look like during bear market? Different. During Bull market? Different. Its not about knowing all patterns. Its about understanding how it works.
It need curriocity like you've wrote.


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May 26, 2018, 02:10:11 PM
 #12

I don't think that there is anything special happening in the market right now. We could still have a bull year in 2018, but for that to happen we need institutional investors to join in. Retail investors already did it's thing, and until real adoption happens, the price is going no where. The will be some spikes from time to time, but we won't really see any big constant follow through in either direction, because BTC is kind of taking a break right now. I think we will remain like that until regulation does its thing. We are having great times in terms of development though, so the next time the market gets enough interest, I think we will be ready for real adoption (something that didn't happen in 2017).

Just take a look to the marijuana market, or any other market probably. It has moments of great movement, followed by dull times. We are just in a dull time (in terms of market movements), but since we are in a good time in terms of development, there is nothing to worry about.

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May 26, 2018, 03:03:54 PM
 #13

We should expect more dip since we having low traded volume. The low outcome of trade means there are still panic selling going on and market will further drop until there is a resistance break off.



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May 26, 2018, 05:29:48 PM
 #14

We should expect unexpected. Smiley There are also whales that can use this low volume to pump bitcoin to sell it on higher price. Just like pump from 6800 to 8000 month ago.

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