Quote from: erk on November 21, 2013, 08:14:34 PM

Quote from: ranlo on November 21, 2013, 07:27:11 PM

Quote from: bidji29 on November 21, 2013, 07:24:16 PM

Quote from: mr_random on November 21, 2013, 06:54:25 PM

Quote from: btbrae on November 21, 2013, 06:10:19 PM

Yeah there's 16000 accounts but the volume just plain sucks, at a time too where volume on every other main exchange is through the roof.

It was actually picking up rather nicely until all the balances were sucked into buying mcxfees.

Seems a coincidence the trading volumes plummet after the mcxfee pre-sale ends, no?

Yeah because a large part of the User's Bitcoin was stuck in mcxFEE, so less liquidity on the market.
Add to that the huge price rise of bitcoin, and people are even less willing to spend them.

So you get a low volume for a few weeks. But there a lot of new user this days so the situation will improve quickly i think

When mcxFEEs get back up to 0.4 BTC, people will start selling them. As they sell them, they will start trading. A lot of people just aren't willing to let their 0.4 BTC FEEs go for only 0.2 BTC, at a 50% loss.

I have been told the site owner is buying up several thousands of fees gradually between 0.1-0.2BTC as they come onto the market. Who would be silly enough to sell at such a loss completely evades me, unless he had them in another account and just sells them to himself,

Nah, others are selling them to him. Before fees were tradable again MANY of the big holders were declaring that they were going to dump at .2 or so because BTC was going up in value. People just aren't bright. Here's the argument I keep seeing (altering the values for ease of understanding):

"Bitcoin was $100 each and fees were 0.4 BTC. This means each fee was $40. Now that BTC is worth $200 and fees are worth 0.2 BTC, each fee is still $40. Therefore I lost nothing by selling them!"

Obviously those who pay attention would realize that they LOST 50% because if they had held the fees and/or the BTC itself they would have their 0.4 BTC (therefore $80, or a 100% increase) at that point.

The arguments I see in that chat constantly are ridiculous and make no sense. I guess as long as I keep earning money off of people being stupid, though, there's really no reason to complain, :p.