Quote from: galdur on February 12, 2015, 09:48:04 AM

Quote from: VulgusMan on February 12, 2015, 09:36:14 AM

Quote from: galdur on February 11, 2015, 02:32:30 PM

BTC has no volume to speak of. It´s really microscopic.

On a very good 24 hr.period it trades like 1/60th of what for example Facebook stock turns over in a 6.5 hr. session. On the average it´s more like 1/100th.

Compared to FOREX that turns over 5 Trillion dollars in a day, BTC volume is just pocket lint.

P.S. Last 24 hrs. volume 20,617,800 = 1/150th of Facebook stock turnover in a session. Pocket change.

hi galdur..

i remeber you who forex was born 1971...
and it is an exchange who use currency much more older...

bitcoin it is at the beginning...

and it come out to the big public, just on 2011, and then in 2013 when it reach 1000$

so we have a long road to do

Yeah, I´m convinced that at some point meaningful buying volume will come into bitcoin. And then, with this small float, it will move very fast.

But the problem is a scam-ridden marketplace and shady and primitive "exchanges" where you can´t really leave any meaningful capital overnight because the "exchange" might have disappeared the morning after. So, there´s no regulation and no law enforcement. Obvious and eminently predictable result: a paradise for scamsters and criminals. Attract criminals to a marketplace = destroy all trust and confidence in what is being traded and the trading platforms. It´s rather elementary. This system very effectively keeps any big money away from bitcoin, ensures tepid volume and interest and attracts short sellers. Why this insane system that very clearly is self-destructive is in place is beyond me. I thought some major brain boxes were behind bitcoin.

give to bitcoin ecosystem a few time!!!
and this problem will be fixed by P2P echange!!!

no third part needed to trade bitcoin!!!
no more mtGox