Topic: [2014-09-06] Yuan Trades Now Make Up Over 70% of Bitcoin Volume (Read 1063 times)
If this is true, then the prospects of Bitcoin in the immediate future is not very bright. Another Chinese "ban" and the Bitcoin exchange rate will plummet again. Personally, I am hoping for something like that to happen. If BTC ever gets back to the $80-100 levels, I'll get an opportunity to buy a few dozen coins. Also, I am investing for long term, so short term fluctuations doesn't matter for me.
September 06, 2014, 07:58:49 AM
The 0% fee models for trading, is the reason, they showing these figures.
The red dragons are truly showing creativity to boost BTC trade.
The red dragons are truly showing creativity to boost BTC trade.
September 06, 2014, 07:47:39 AM
http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/
The majority of bitcoin transactions carried out over the last 30 days came from yuan trades, it has been revealed.
China-based exchange BTC China tweeted that a total of 71% of bitcoin trades last month could be attributed to yuan users – the Chinese market, in other words.
The majority of bitcoin transactions carried out over the last 30 days came from yuan trades, it has been revealed.
China-based exchange BTC China tweeted that a total of 71% of bitcoin trades last month could be attributed to yuan users – the Chinese market, in other words.
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