hey guys hope you can help me with this noob question. The volume today is really high. but the price is stil going down. what does the volume mean to the price?
If you call this high volume then you must be new. A month ago we were seeing 1500+ BTC trading.
Im indeed new here (one of the losers who bought at 300k). but can you tell me what the meaning is of a "high" volume? what does it mean for the price for example?
You're not a loser for buying at 300k, you only lose if you sell. Hang in there and let the team work their magic, the price will follow in due time.
Volume is simply how many Bitcoins change hands for a given coin in a 24 hour period. Higher volume means that a lot of coins are changing hands, lower volume means that not much trading is going on. The price x quantity = volume.
im in xc for the long run. but it hurts to see my money half haha.