I would like to show you the trade volume for last month and compare it with trade volume of last 2 years. Specially the end of 2016.
First look at the chart for the trade volume of Bitcoin from last month:
As you can see the trade volume at it's pick is about 43k. Not bad cos it is 116,100,000 USD.
Ok, now lets have a look at the trade volume from last 2 years:
Check the difference in scale first. What you see? The pick volume is 14m BTC! Wow that is a huge number cos if we would take today price of BTC it would be 37,800,000,000 USD. Yes, at the pick day 06/01/2017 there was 37 trilion worth of today BTC traded. I just wonder does it mean that almost all bitcoins were in circulation at that day?
Let me know if you see something suspicious about above graphs and today's trade volume vs end of 2016.
Thanks for attention.
Well, most of the reason someone does the holding because it wants to increase the value of bitcoin or it could be said that like to get huge profits (investment). actually this can be said to be an investment, because it has been very clear that they make a purchase, and then doing something that can give you a price increase is much higher and better. But it is indeed an advantage can be obtained only with hard work and patience
Volume is showing that the big hitters are playing the game.
That is true. But why the big guns are gone now. It is like someone bought all the fruits in the world and now they are super expensive cos he is selling them for much higher price (price now is 3x the price at the beginning of 2017).