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,
Because in the meantime, bitcoin went super crazy.
So people want to ride it, so they sell at a loss*
*it's only a loss in term of BTC, the value stayed the same in term of USD
Actually, the Fees have more than doubled in USD.
IPO....... 0.40 @ $190 BTC = $75
Nov 25.. 0.22 @ $800 BTC = $175
Some people will complain about fucking anything... BitCoin culture = GREED personified.
As CEO RS is just doing his job...
The primary job of the CEO is to maintain stock stability and increase value...
I'm happy RS has put a floor under the Fees...
Unlike the idiots at Ripple that allowed XRP to be mercilessly trashed and manipulated.