[2014-09-06] CoinFinance: Yuan makes up 71% of Total BTC Trading Volume

PatMan

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Watch out for the "Neg-Rep-Dogie-Police".....

Quote from: bryant.coleman on September 07, 2014, 01:38:39 PM

I have no doubt that US is the global leader in Bitcoin trading.....

Hate to break it to you, but you're wrong. Checkout this:

http://bitcoincharts.com/markets/

Notice the top two exchanges by volume are Chinese, with OKcoin being ~4x bigger than the closest US based exchange. Maybe a few years ago the US was top - but as usual over there, over regulation & ridiculous licensing laws have scared businesses away to other shores.....

Edit: But you're right about coinfinance being the purveyor of crap news...... Wink

bryant.coleman

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Another fake news. Check the leaked Gox data. Even during the China boom (2013 December), the trade from China accounted for less than 10% of the total Bitcoin trade. Also, the BTC China volume was overshadowed by other exchanges such as BTC-E and Mt Gox back then. I have no doubt that US is the global leader in Bitcoin trading, ever since the first Bitcoin was mined in 2009.

notthematrix

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well in china , you have multiple paralel economy's bitcoin is one of them , and you can buy a lot of stuff for it but never offichial.
only in a indirect manner but who cares the end result is the same.

IYFTech

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Quote from: BitCoinNutJob on September 07, 2014, 07:46:41 AM

China is definitely market leader for trading & mining but not for anything else.

You're kidding right?

China is not only the biggest trading platform with the highest Bitcoin user rate, it is also the global market leader in mining hardware production. China produces more mining hardware than the rest of the world put together. I'm sure there isn't a single miner in the world that doesn't have parts that are made in China. They also have the largest pool with the biggest user base in the world.

They also own americas economy & the $.

BitCoinNutJob

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Quote from: cryptofan5 on September 07, 2014, 07:04:27 AM

I am not sure about the exact figures, but I am not surprised that China represents most of the total volume.

BTCchina are a good measure & their figures are pretty high. China is definitely market leader for trading & mining but not for anything else.

cryptofan5

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I am not sure about the exact figures, but I am not surprised that China represents most of the total volume.

PatMan

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Watch out for the "Neg-Rep-Dogie-Police".....

Had they checked their sources and done the slightest bit of research on the Company & product they were promoting, as any other "news" outlet does & everyone else did, they would have seen straight away that it was a scam. Either they didn't or they knew about it. Dates are unimportant, common sense is. A simple & basic image search shows their "miner" to be a SansDigital Accuraid AR424IR - and the fact that they are still running the article, despite being shown the error of their ways, speaks volumes about their integrity.

CoinMode

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Quote from: PatMan on September 06, 2014, 04:16:36 PM

Sorry, but coinfinance should be considered a con outfit after publishing this:

http://www.coinfinance.com/news/turingstations-starts-razor-bitcoin-miner-shipment

Which is an obvious scam, as can be proven here:

https://bitcointalksearch.org/topic/turingstations-razor-bitcoin-miner-the-worlds-first-7-th-miner-shipping-now-769984

Any "news" organization that participates in blatant scam promotion should be ignored and banned from this forum.

Can you point to the part of the that thread where it proves that Coinfinance knew this was a scam when they published the article? They published it four days before that thread was created (see the picture below). If they didn't have any knowledge of it being a scam, then Coinfinance is not at fault for anything. Also, have you contacted them to have the article removed?

PatMan

hero member

Activity: 924

Merit: 1000

Watch out for the "Neg-Rep-Dogie-Police".....

Sorry, but coinfinance should be considered a con outfit after publishing this:

http://www.coinfinance.com/news/turingstations-starts-razor-bitcoin-miner-shipment

Which is an obvious scam, as can be proven here:

https://bitcointalksearch.org/topic/turingstations-razor-bitcoin-miner-the-worlds-first-7-th-miner-shipping-now-769984

Any "news" organization that participates in blatant scam promotion should be ignored and banned from this forum.

knickerbacher

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Chinese Yuan (CNY) now makes up 71% of the total, global Bitcoin trading volume. This information came from a tweet made by BTC-China, a popular Chinese Bitcoin exchange. In the tweet, the Bitcoin exchange linked to a chart provided by bitcoinity, a Bitcoin chart provider.

http://www.coinfinance.com/news/chinese-yuan-trades-now-71-of-total-bitcoin-trading-volume

Topic: [2014-09-06] CoinFinance: Yuan makes up 71% of Total BTC Trading Volume (Read 1366 times)