Quote from: viajero on December 18, 2013, 05:47:19 PM

Quote from: Piper67 on December 18, 2013, 03:57:24 PM

Quote from: R2Pleasent on December 18, 2013, 03:54:10 PM

Quote from: e4xit on December 18, 2013, 03:43:56 PM

Quote from: coins101 on December 18, 2013, 03:33:32 PM

These charts show that the selling is no where near as high as the crash back in April.

http://coinregulations.com/ban-on-btc-china-taking-cash-payments-causes-bump-in-the-road/

Also, the ratio of sellers to buyers is more balanced. This talks to the increased popularity of bitcoin around the world, which is good news. Having one or two countries dominating the landscape is bad news as it causes negative spikes like we are seeing when regulators throw their toys out of the pram.

The more people around the world that use it, the greater the price stability, and it almost goes without saying that there will be greater demand keeping prices rising due to scarcity of supply.

Bitcoin just went on sale for a few weeks, thats all.

nice chart, glad I saw this!

The numbers are extremely deceiving. The primary catalyst in the April crash was the fact that everyone used the same exchange, MT Gox, and the system crashed during the sell-off. People could not put in orders. If they did put in orders, the lag was literally up to an hour.

Which, if anything, would support the view that this crash isn't as volume intensive.

sorry but no: http://bitcoincharts.com/charts/btcnCNY#rg360ztgSzm1g10zm2g25zv

the april crash happened mainly on gox, so lots of volume there. this crash is happening mainly in china, so lots of volume there... the gox chart is useless for todays crash!

Fair point, but prices have been falling for a few weeks now and the sudden move since yesterday hasn't caused the prices to fall back to April levels. There are still plenty of buyers meeting a reasonable number of sellers.