Where's the volume!!???

[dynodog]

Just took a look at bitcoincharts under "markets" - where is the volume?  It has completely disappeared.  Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average.  btc-e and bitfinex add a combined similar amount.  Wow!!  btcchina at less than 3000 per day!  Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

[dynodog]

could also be that traders/investors are withdrawing their btc (or fiat) to their personal wallets given the problems w so many of the exchanges.  good for security but could hurt the price as who wants to keep their cash at the exchange to buy dips?

[agusta]

Just took a look at bitcoincharts under "markets" - where is the volume?  It has completely disappeared.  Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average.  btc-e and bitfinex add a combined similar amount.  Wow!!  btcchina at less than 3000 per day!  Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

Miners rather keep it. There is no interest for miners to sell and affect price down . Miners are guys whom believe in the concept enough t invest in the mining gear.

I thing  Few rich Guys from wall street, whom like to get a deal are bluffing in the main stream news. I read it like good sign.  
  

[dynodog]

Miners rather keep it. There is no interest for miners to sell and affect price down . Miners are guys whom believe in the concept enough t invest in the mining gear.

 
  

What about their overhead?

[FeedbackLoop]

Volume looks as healthy as ever to me:

https://blockchain.info/charts/n-transactions-excluding-popular


sorry, were you talking about something else? Maybe something that belongs in another sub-forum?

[bitjoint]

Here you go...





Pump it up!!!

[googlemaster1]

Yeah I have like.... 2% of my BTC on exchanges... just to trade as a toy, but I very much still mine from a hobbyist perspective.  I like spending my BTC, nothing is more gratifying than that.  Once the American Exchange opens up with some regulation behind it, this coming winter will begin to look like the last one, price spike wise.  Tis a wild ride!

[keithers]

There hasnt been much major news in the past couple of days, so a lot of people are sitting on the sidelines

[Lethn]

Everybody has been spooked by the MTGOX thing and have quite rightly moved their money out of the online wallets the exchanges have ( which is what will trigger the volume count ) I wouldn't be surprised if this is party of people scoping out which exchanges are going to beef up their security etc. and which ones are just taking peoples money like MTGOX did.

I'm not surprised at all this has happened, what I am surprised is actually how stable the Bitcoin price still is.

[bananas]

The volume is really low. I don't think it has anything to do with holding it offline, traders have to trade. And they can move it on and off if desired.

As the prices are not being affected, it is like 'everybody' decided to not sell or buy, which is a contradiction. Hardly the maket would get such equilibrium in a dramatic drop of volume.

[Cryddit]

Never mind the traders.  The volume numbers that matter are retail sales.  It's a shame that you can't tell them apart easily.  But the exchanges volume can only tell you what happens today.  Tracking actual use can tell you what happens a month from now or more.

[bananas]

Never mind the traders.  The volume numbers that matter are retail sales.  It's a shame that you can't tell them apart easily.  

Why those numbers matter(they should)? If it had any relevance bitcoin woud be worth only one digit dollars.
You can have an estimate easily.

[Lethn]

Never mind the traders.  The volume numbers that matter are retail sales.  It's a shame that you can't tell them apart easily.  But the exchanges volume can only tell you what happens today.  Tracking actual use can tell you what happens a month from now or more.

The only way we're going to be able to tell how well retail sales are doing is if stores openly publish them and as somebody who is getting a store up myself, not 100% sure I want to do that

[keithers]

I read somewhere that porn.com is putting up some huge numbers in bitcoin revenues

[dynodog]

even less volume now on the exchanges.  almost at all time lows.  something has got to give....

[CurbsideProphet]

The decline in volume is probably due to all the bots that cannot run on Gox anymore, which artificially inflated volume.

[bananas]

weird, it is going to zero

[fasmax]

Just took a look at bitcoincharts under "markets" - where is the volume?  It has completely disappeared.  Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average.  btc-e and bitfinex add a combined similar amount.  Wow!!  btcchina at less than 3000 per day!  Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

This is a side affect of the MtGox failure.

[bananas]

Just took a look at bitcoincharts under "markets" - where is the volume?  It has completely disappeared.  Bitstamp, the go-to exchange, is only averaging around 8300 in btc per day average.  btc-e and bitfinex add a combined similar amount.  Wow!!  btcchina at less than 3000 per day!  Maybe this isn't that unusual, but I would think extended low volume is not good.

What happens when the miners, who mine 3600 new btc every day, start to sell?

This is a side affect of the MtGox failure.

Let's return to real estate

[kwukduck]

All volume is moving to next generation coins. Expect the price of btc to plummet soon.