Large volume

[KrishaBitcoin]

This shows that South Korea really supported the Crypto currency again that they are part of the strong pillars now, that will help Bitcoin price to not directly to fall. I remember this year when the PM of S.Korea declared ban of Bitcoin it really affected the market price performance to fall slightly but now that they are in full support again we just hope that the market will fully recover in no time.

[1715136765]

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[Kakmakr]

South Korea is only a small section of the global market and I doubt that their trading volume alone will make a significant impact on the global price.  We know from experience that some Asian exchanges created fake trading volumes to compete with rival competitors to increase their own status and to attract more traders to their platforms.

Since this has happened, governments stepped in to regulate some of these exchanges and they even forced some of them to close their doors. I hope we are not seeing a repeat of this scenario, because these governments will clamp down on this practice again, if this is happening again. 

[horrifiedx1]

This shows that South Korea really supported the Crypto currency again that they are part of the strong pillars now, that will help Bitcoin price to not directly to fall. I remember this year when the PM of S.Korea declared ban of Bitcoin it really affected the market price performance to fall slightly but now that they are in full support again we just hope that the market will fully recover in no time.

the Korean government is one of the countries that has an influence on cryptocurrency, many large exchanges originating from there. with permission, the crypto trade stretched more energetically

[jimbo2000]

Even though a lot of people are complaining about the possibilities of fake volume, we still cannot rule out the impact of this region when it comes to cryptocurrency adoption, and some times, like they always say, even in every rumor, there is always an element of truth. We also have to consider what if those volumes were for real? All the same, fake volume or not, I still believe one way or the other, that the big institutions and investors are already accumulating, and in no time, the possibility of seeing the market hitting upside could be a reality.

In every rumor there is some truth but not in every lie. Therefore if this is fake (I don't know if it is or not) then there may be nothing to deduce from it. Do think institutions are coming but not for some more time yet, or at least we won't see their presence for some time yet.

[Hamphser]

Even though a lot of people are complaining about the possibilities of fake volume, we still cannot rule out the impact of this region when it comes to cryptocurrency adoption, and some times, like they always say, even in every rumor, there is always an element of truth. We also have to consider what if those volumes were for real? All the same, fake volume or not, I still believe one way or the other, that the big institutions and investors are already accumulating, and in no time, the possibility of seeing the market hitting upside could be a reality.

In every rumor there is some truth but not in every lie. Therefore if this is fake (I don't know if it is or not) then there may be nothing to deduce from it. Do think institutions are coming but not for some more time yet, or at least we won't see their presence for some time yet.

Nothing is certain that will surely lead us into hesitations on predicting on what is truly happening. We have seen fake out for how many times but there are indicators that we did let pass believing that it is a fake out but eventually a legit one and lead up to regrets.

Basing on the chart theres really some volume either this is the start of possible comeback or just a fake out. Who knows?

[andriarto]

Even though a lot of people are complaining about the possibilities of fake volume, we still cannot rule out the impact of this region when it comes to cryptocurrency adoption, and some times, like they always say, even in every rumor, there is always an element of truth. We also have to consider what if those volumes were for real? All the same, fake volume or not, I still believe one way or the other, that the big institutions and investors are already accumulating, and in no time, the possibility of seeing the market hitting upside could be a reality.

In every rumor there is some truth but not in every lie. Therefore if this is fake (I don't know if it is or not) then there may be nothing to deduce from it. Do think institutions are coming but not for some more time yet, or at least we won't see their presence for some time yet.

Nothing is certain that will surely lead us into hesitations on predicting on what is truly happening. We have seen fake out for how many times but there are indicators that we did let pass believing that it is a fake out but eventually a legit one and lead up to regrets.

Basing on the chart theres really some volume either this is the start of possible comeback or just a fake out. Who knows?

i think if it is capable of listing in large exchanges, of course project has good validity. i think that is the easy parameter. and of course there will be many traders who arrive when just listing in that exchange

[bitgolden]

The high interest of Korean investors was noticed.Volume in dollars and transactions.

This can't be just south korea is it? I mean south korea did not ban crypto before and there wasn't a sudden "alright you are allowed" type of ban lifting going on that makes the volume to increase. Were there some sort of new thing that happened to make South Koreans more interested in crypto out of nowhere? I don't know if this is the koreans that gets interested in this type of stuff but I am pretty sure if its them than there must be some better explanation than crypto getting more awareness there.

Also volume is not THAT increased overall right now, yeah its more than what it was yesterday but it is not a huge spike that changes the markets too much. We need almost double of this and probably even more than that before we can count on a bull run to happen.

[omonuyak]

The high interest of Korean investors was noticed.Volume in dollars and transactions.

The large volumes is going to be transmitted into upwards price movement in some days to come.  Therefore,  it is better to join the next bull run.  However we should know that great volumes from South Korea alone is not going to affect bitcoin pricing mush but bitcoin needs to come out of it currently limitations.

[jimbo2000]

-snip-

i think if it is capable of listing in large exchanges, of course project has good validity. i think that is the easy parameter. and of course there will be many traders who arrive when just listing in that exchange

Well it's bitcoin so I'm not really sure what you're talking about here. Bitcoin is on all large exchanges apart from perhaps some which operate on different chains like the decentralized ethereum ones.

[pixie85]

when the PM of S.Korea declared ban of Bitcoin it really affected the market price performance

He never declared a ban. You were reading too much of FUD by bloomberg and others. Korean PM only said that they will be discussing a potential ban on fiat transfers to bitcoin exchanges. All FUDsters caught wind of it and started spreading the news that Korea is banning Bitcoin. Even if they temporarily blocked exchanges from receiving fiat it wouldn't be a ban.

[Bitfling]

December 2017 is good month for cryptocurrency market. In that month, transaction volume reach the highest value. With market condition right now, many investor prefer wait and see. I am believe the transaction volume will growing bigger again and market will recovery because many good news will come to market

[really01]

With steady prices and soaring trading volumes, I think there is a great deal of interest from the investors. Maybe this is a good time to invest.

[maydna]

For me, the increase of the volume doesn't mean that the price will increase because I've seen this before and it's not always pushing the price to go to the higher price. Perhaps, people in Korea just aware that they need to buy bitcoin right now and it makes them fill the order buy and it makes the price moves. But on the other side, we don't know if it's true or not because we already know that the fake volume can happen too and sometimes, with the fake volume, it can make and attract people to do something and in the end, the price will move to the higher price or lower price. So it's better to see what will happen later and I think right now, bitcoin price is down again, but it will bounce up again.

[cluit]

[siz e=10pt][siz e=10pt][siz e=10pt][siz e=10pt]The high interest of Korean investors was noticed.Volume in dollars and transactions.[/size][/size][/size][/size]


[im g]https://www.tradingview.com/x/qAq5XfN1/[/img]

Those are some pretty huge volume I must say and I am not surprised. Honestly, the way I see it, this shows one thing and that is the possibility of the fact that we have reached the bottom and the institutions are already getting in big as well as accumulating for a while now, otherwise what explanation are we going to give with the consolidation and such a volume, considering the fact that Korea is a big market for cryptocurrency. I really just do hope it is not a fake volume though as this is not always something new from this region.

[pixie85]

For me, the increase of the volume doesn't mean that the price will increase because I've seen this before and it's not always pushing the price to go to the higher price.

Because volume doesn't increase the price! Volume only indicates an increase in trading but it can be trading to the upside or to the downside. When Bitcoin was falling to 6000 USD we had very large volume. If it went up now it could also mean that somebody is trying to break below 6000. Increased volume in an upside break means that trend is reversing, but there has to be a break. Now we'd need BTC to break 7000 with volume.

[Agapelove]

We've seen a lot of fake volumes in the past, especially in Chinese exchanges but that didn't even translate to a single spike in price. Even if the volume here is significantly higher than the rest of the world, still if the volume is made out of constant in-outs without anything happening, no strong movement would be established and the price would remain stagnant. However though it's quite amusing to notice that the volume on the east is this strong. The Koreans, together with the Japanese would again be a strong force should a bullish movement is established.

I agree with you! In the past there were incidence of high volume but didn't translate to significant movement. It is simply because that cryptocurrency traders were already aware of the process called pumping the volume. However, giving the news the benefit of the doubt, high volume might at least give us a chance that there are bullish investors coming in.

[bettercrypto]

Some large volumes are manipulated by those groups to bring speculations to the market to create a bullish period. One reason for large volume is to attract more new investors. Maybe some here are already tired of the bearish period. They want the market to shift to bullish. If ever there is a large volume again, and there is significant movements, that is good.

[AlutBitcoin]

This shows that South Korea really supported the Crypto currency again that they are part of the strong pillars now, that will help Bitcoin price to not directly to fall. I remember this year when the PM of S.Korea declared ban of Bitcoin it really affected the market price performance to fall slightly but now that they are in full support again we just hope that the market will fully recover in no time.

We have seen that large volume yesterday but as you can see today that's gone already, which means it was temporary and that is not what we need, we need the "large volume" we talk about to become something normal and everyday thing before we can get a hope for a big bull run. Best way to assure there is a big bull coming is to check the volume, if these types of large volumes happen only once in a while it means the whales are gathering bitcoin as much as they can without disturbing the market, which means they believe the coins we check are also checked by the rich folks and the price is believed to be going up soon. However the going up part won't start until all of us combined start to work towards buying and the volume stays high for a long period of time, only than we can be sure that bull is here.

[virtfund]

Although we see a high volume in a short term, volume is still much lower than the highs of last year. Thus, no strong movement could be established on the price. Also, volume info is only about a local market and it doesn't give a bird's eye view. There is no relization of this high volume on the whole market.

[patarfweefwee]

I don't know, looks pretty sketchy to me. I mean for all we know you could've just took that specific range is n thebdata to highlight a spike. But if you look at the legend it looks like it has jumped 20%. Then again, it it true and an insane volume is pumped into the market by the Koreans then I'd say it all goods news.