Bitcoin Falls Below $400

Re:Bitcoin Falls Below $400 by jonknee on Thursday April 10, 2014 @11:41PM (#7571112)

Percentage of total coins isn't the correct comparison, it's the percentage of total volume. We're on a pretty high volume day right now and the 24hr volume is at 150k. Some days it's a fraction of that, there have been multiple < 20k days recently. Depending on the day the mined coins are a significant percentage of the total being exchanged (not that all mined coins would be exchanged, but it's a fairly high number otherwise most people wouldn't have any BTC unless they mined it).

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Re:Bitcoin Falls Below $400 by harryh on Thursday April 10, 2014 @11:48PM (#7571129)

Hrm, interesting. I'm now deeply uncertain whether % of coins or % of volume is more important. I will have to think about this more.

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Re:Bitcoin Falls Below $400 by runeks on Friday April 11, 2014 @08:55AM (#7572563)

Regarding price, percentage of volume is the important metric. It is not relevant that ~12M bitcoins exist, if only, say, 1% of these are for sale on exchanges. Only coins for sale on exchanges help stabilize the price.

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Re:Bitcoin Falls Below $400 by harryh on Friday April 11, 2014 @10:09AM (#7572904)

But what exactly does "for sale on exchanges" mean? Presumably a great many coins that didn't trade hands yesterday are still for sale at some price.

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Re:Bitcoin Falls Below $400 by Istof on Thursday April 10, 2014 @11:57PM (#7571148)

but once the volume has been exchanged, it's already too late for most people so it would probably be better to find the cause of high % of volume?

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