Post
Topic
Board Speculation
Re: BitCoin to Correct? Your Comments
by
theonewhowaskazu
on 12/11/2013, 01:50:54 UTC
It doesn't look that bad to me.

I'm talking about trading volume. It was about $25mil on Sat and Sun, and is now down to about $6. Average for Gox, I believe is about $3-4 mil, so demand is still likely to recede.

What I meant is that buys into the order book are tiny at the moment.

Dude you're noobing so bad right here. Obviously gox volume is going to be lower, considering they screwed up the worst theyve been in months. Volume going down doesn't indicate demand going down, it indicates nobody using the exchange. As April indicated, volume going up can indicate a crash as well as a rally.