Post
Topic
Board Speculation
Re: Exchanges drying up, effect?
by
move_zig
on 05/09/2013, 16:34:43 UTC
Apart from a few 'whale buys' there's not much action / volume lately. The price rising on low volume is not a good indicator for continued rises.

If you are looking at the volume traded in terms of USD, the volume looks about as high as it was during the initial run-up from mid-January to March


Which is precisely why looking at volume in THAT way is foolish.

Could you explain more?

It seems to me that people only have so much USD to move around. If the price of bitcoin doubles and the amount of USD traded stays the same, I'd say the volume traded is constant.