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These aren't lies.

Low trading volume in the stable period means a lack of interest in anything except the speculation:

https://data.bitcoinity.org/ma...

That's not healthy for any security.

I read this as "dull" referring to, very little trading volume:

https://data.bitcoinity.org/ma...

ie. nobody cares unless it's going up. If there was a decent trading volume when it was stable, that would be an excellent thing for bitcoin. That's not what's been going on.

The daily volume is considerably more than you cite, at $600 million/day and that is just in USD terms. Overall volume is about triple that.

I actually agree with you about it being vulnerable, but we should base our arguments on solid numbers.

Apparently the Chinese used to love trading bitcoin for bitcoin

Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.

There was lots of volume on the Chinese exchanges when there was zero fees
https://www.coindesk.com/real-...

If I trade BTC => Other => BTC, it's still just trading BTC for BTC to inflate the volume.

As to others, here's one: https://data.bitcoinity.org/ma...

That's only showing about $3.5B for the last 24 hours, still a lot but not "over $6" and it includes exchanges w/o fees, which are prone to be manipulated.

According to some market volume data I found >100k Bitcoins or $3-400 million change hands every day on all the exchanges in total, so the market should have no problem cashing out a million in a day. If you can find an exchange that'll let you place a single million dollar order is another story, but if you really want to they'll probably let you.

Will they commit to the price at the time of the request or recalculate the value due to a price drop?

Any price you get from the exchange will be the last traded price. It is not an offer and there's no guarantee you can trade at that exact price. A market order is done at unknown price "I want to sell 1 BTC (at the highest possible price)" and the exchange will match it with the highest buy order(s). If there's a flash crash it'll still be sold, no matter how low the price goes and then your price becomes the last traded price.

The alternative is a limit order "I want to sell 1 BTC at no less than $3000", which may be filled (or partially filled) if there's offers above $3000 but will remain unfilled (that is, unsold) if the price would dip below $3000. It's pretty standard for stock exchanges but if your order is small relative to the trade volume and the volatility low compared to the latency it doesn't matter. Even if Bitcoin can crash in a day it doesn't usually swing that much in the milliseconds it takes your order to reach the exchange. It's the $1000 you can lose overnight not the $1 you can lose between clicking sell and actually selling you should worry about.

"coinbase now being the most popular."

What?

http://bitcoinity.org/markets/list?currency=ALL&span=24h

Better link: http://data.bitcoinity.org/mar...

Things have taken a bit of a dive.

What's interesting is that it hasn't totally tanked after a country like Russia declares it illegal, is happened with China.

Of course in Russia everything is illegal so maybe it's not that big a deal.

Things have taken a bit of a dive.

> Unlike with a real currency, there is no market for the bitcoins either. Dude, really? There is something called MtGox out there. There are also other exchanges out there, the big ones are listed here: http://bitcoinity.org/markets/list?currency=ALL&span=24h The current market value of a Bitcoin is very easy to get, all you have to do is look at the ticker-price and you have it. Saying there is no market when BTC for millions of $USD is traded every hour is kind of ignorant. I'm guessing you haven't doubled your money lately?

I still don't get what those vertical bars across the graph are. What's the meaning of them being red or green? This: http://bitcoinity.org/markets is also a great page, but much in the same way, I don't understand the second graph. I've read the WTF section and the Reddit explanation...

What chart are you looking at? Go to http://bitcoinity.org/markets and click on the 6 month graph. That doesn't look at all like a penny stock performance record.