Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/07/2014, 18:28:05 UTC
there are few sellers, hence the lack of volume.

Currently there's been not much volume (until a few hours ago), but the tale of the decreasing volume is flawed! Take a look at the cumulative volume graph across the exchanges: https://data.bitcoinity.org/markets/volume/2y?c=e&t=a&volume_unit=btc (Take a look at the 2y graph!) We're at least at the same levels as last year - if not even higher!
Far too few people seem to realize data.bitcoinity.org exists.

Try increasing the time increments to get a better picture:

https://data.bitcoinity.org/markets/volume/2y?c=e&r=month&t=a&volume_unit=btc

Only problem with their charts is the last point on the right side is always a bit distorted because the last interval is incomplete.

How can we spread the news? I keep on hearing about decreasing volume and things having changed in the meantime, yet this indicates otherwise.


I like this chart; however, iT still remains quite funny how China volume seems to drive the BTC price market... even though there maybe been many allegations that a large part of chinese volume is fake.