humanitee
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CRYPTO BANKING ECOSYSTEM


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December 18, 2013, 06:56:49 PM

I love seeing volume on gox - it gives me nostalgia. It's still NOTHING compared to april though.

God, my fucking head. Seriously?

Hint: It's currently traded more in DOLLARS than it did at any point in April, and the day isn't even over. Quit pricing it in Bitcoins.

+1

As the asset you are trading increases in value, the same amount of value can be exchanged with smaller amounts.

Look at a stock like Google (GOOG). At it's highest exchange rate (now), the volume (measured in shares) is far less than it was when the exchange rate was much lower. (Yes, I know Bitcoin isn't a stock.)

http://finance.yahoo.com/q/bc?s=GOOG&t=my&l=on&z=l&q=l&c=

I guess then the volume charts should display price*volume to give a normalised figure?

They do just on that on bitcoincharts.com

Just click "volume by currency."