Here is a good question for people who know about pricce value
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I was looking at candelstick charts for ftc and it looks like the volume has exploded while the price has gone down. What is the reason for this? If its getting more and more attention (increase volume) shouldnt it go up and down instead of just down? What is the reason for this magic? Thanks
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Well, when the price drops people can buy more with the same amount of money. So volume goes up when price goes down, additionally if it is a good deal, (low cost to value), more people would purchase it which would increase volume as well
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Ok so why has the price only gone down since it started in march?
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It is all relative, price gone down relative to bitcoin? Yes, relative to CNC? No. Relative to USD? Its hard to tell, but it hasn’t changed very much hovering around the 10 cent range.
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Erk, from an investor stand point you are correct in saying that it is a problem, however from a merchants perspective volatility is not advantageous to running a business.