Post
Topic
Board Speculation
Re: Bitcoin dropping volume
by
Miz4r
on 09/05/2014, 14:01:46 UTC
The volume of bitcoin has been dropping faster then the price in bitcoin.

In my opinion this means an increasing lack of interest in bitcoin, and it might be that the price will follow.

What do you guys think?

It means that there's lots of uncertainty and people are all waiting for signals to decide what to do. Holders don't feel comfortable selling at this price and potential buyers want to wait for the right signals to buy. We've seen these periods of low volume before, so I don't think this indicates a lack of interest. It's the calm before the storm.