wow, the bitcoin trading volume has really dried up

May 18, 2014 · 5:37 AM UTC

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Replying to @sama
Pretty much expected and good for #Bitcoin with less speculation. RT @sama: wow, the bitcoin trading volume has really dried up
Replying to @sama
@sama seems like volatility was driving volumes on exchanges not the value of #bitcoin in circulation.
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Replying to @sama
@sama yeah... Everyone who wants to invest already has; I hope @slosh is right that people will start spending
Replying to @Slosh
@Slosh i hope you're right but "the full faith and credit of the united states govt" is a pretty strong value prop, and that's the US dollar
Replying to @sama
@sama That's just bullish consolidation. Exactly what you want to see if you're holding BTC long term.
Replying to @sama
@sama a lot of it moved off-exchanges. Some moved off-blockchain (by transfer of private keys).