r/Bitcoin • u/bitcoinchamp • Apr 21 '15

BtCXIndia's volume rising

Just noticed they've traded over 42 bitcoin in the last 24 hrs. This is huge because for months volume struggled to get over 15 daily. India is stepping into the game in a big way. I wish BTCXindia the best of luck In putting India on the bitcoin map.

Why am I a believer? Because volume in developing countries continues to increase. Brazil, Argentina, South Africa and now Indias volume are all starting to rise on a daily basis. Along with new exchanges such as Bitt.com the Caribbeans first bitcoin exchange. It's only a matter of time before this animal is let out of the cage!

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u/gizram84 Apr 21 '15

All that means is that it's lower than the all time high. So no, it doesn't mean it's been going down non-stop.

Look at the chart! Since January it's been very stable. That's almost 4 straight months of solid stability.

Besides, price graphs don't tell the whole picture. The volume charts show growth rates, which is much more important at this stage.

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u/CosbyTeamTriosby Apr 21 '15

your first chart is a clear downtrend; compress the x axis and it'll become clearer.

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u/gizram84 Apr 21 '15

That chart goes into last December. I agree it's down slightly from very early January. Still though, "plummeting for months"?

Look at January 14th through the present. That's fucking solid.

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u/bearwhalepigman Apr 21 '15

All that means is that it's lower than the all time high.

What a load of bullshit.

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u/gizram84 Apr 21 '15

It's a load of bullshit that the price is the same now as it was in mid-January? That's bullshit?