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Topic: China buying up Bitcoins! (Read 2261 times)

hero member
Activity: 546
Merit: 500
hm
March 31, 2014, 07:33:21 PM
#21
Whether faked or not. Zero fee trading leads to a higher volume in trading. If I quick sell buy my 1btc a couple of times this always cost me a dollar. Gox took 1% until at least (but people still used it and it had a high volume. Doesn't make any sense. I call it mammut-effect).

I am watching it now for 10min.
USD 20btc
CNY 210btc
the rest nothing.

alone on Bitstamp you have a higher buy volume. I don't really get how the come to this numbers...
legendary
Activity: 2212
Merit: 1199
March 31, 2014, 06:51:18 PM
#20
why is china such a high priority with bitcoin. and why is there so much hype about them banning or not banning or legallizing or whatever. it shouldnt matter that much and really shouldnt the media be a plus?

they want all coins for them Cheesy
They see a huge potential in Bitcoin Smiley and we should learn from them!
I know IRS and other shits are attacking Bitcoin world, but we cannot just give it up Smiley

Bitcoin is in our hands!
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
March 31, 2014, 06:30:26 PM
#19
China often causes theses 'crashes', by buying more BTC then may 'fix' it.

Come on China, repair what you crashed ^^. 

(And not only China..).
sr. member
Activity: 434
Merit: 251
March 31, 2014, 06:21:37 PM
#18
why is china such a high priority with bitcoin. and why is there so much hype about them banning or not banning or legallizing or whatever. it shouldnt matter that much and really shouldnt the media be a plus?
hero member
Activity: 840
Merit: 1000
March 31, 2014, 06:07:15 AM
#17
You mean they fake the volume.  Even the real volume is low information because its mostly dumb bots exploiting zero fees for volatility martingales.

It's not fake when a big pile of Chinese acquired Bitcoins arrive on Bitstamp for a bit of arbitrage action, is it?
member
Activity: 84
Merit: 10
March 31, 2014, 04:21:44 AM
#16
Bitcoin > China...

Who cares if they buy or sell or ban BTC.

They move the market volume

You mean they fake the volume.  Even the real volume is low information because its mostly dumb bots exploiting zero fees for volatility martingales.
Either way they stir tings up, the rest follow.
legendary
Activity: 1596
Merit: 1029
Sine secretum non libertas
March 31, 2014, 03:43:44 AM
#15
Bitcoin > China...

Who cares if they buy or sell or ban BTC.

They move the market volume

You mean they fake the volume.  Even the real volume is low information because its mostly dumb bots exploiting zero fees for volatility martingales.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
March 30, 2014, 07:36:42 PM
#14
Bitcoin > China...

Who cares if they buy or sell or ban BTC.

They move the market volume
legendary
Activity: 2212
Merit: 1199
newbie
Activity: 29
Merit: 0
March 30, 2014, 05:30:05 PM
#11
Bitcoin > China...

Who cares if they buy or sell or ban BTC.

It seems it's the majority of people.  I see lots of China talk around these parts!
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
March 30, 2014, 05:28:17 PM
#10
Bitcoin > China...

Who cares if they buy or sell or ban BTC.
sr. member
Activity: 530
Merit: 250
March 30, 2014, 04:39:24 PM
#9
i don't think this site give a realtime condition like that
even i wait for 1 minute, no russia buyer there Grin
nice animation btw

You know Russians are not counted...they never were and they never will.
sr. member
Activity: 280
Merit: 250
March 30, 2014, 02:16:47 PM
#8
i don't think this site give a realtime condition like that
even i wait for 1 minute, no russia buyer there Grin
nice animation btw
legendary
Activity: 2212
Merit: 1199
March 30, 2014, 02:06:14 PM
#7
Can someone please explain WTF is going on here: http://fiatleak.com/

I really really hope Bitcoin gets banned completely in China. Otherwise, sooner or later the Chinese will squirrel away all the Bitcoins and save them under their mattress.


Hehe Smiley Who knows... but banning bitcoin anywhere is not good idea!
It should be possible to use for ANYONE on planet earth!
member
Activity: 84
Merit: 10
March 30, 2014, 01:48:18 PM
#6
Didnt see that one coming huh?
sr. member
Activity: 530
Merit: 250
March 30, 2014, 01:45:03 PM
#5
So those Chinese could pretty much be selling each other...ooops I mean those Chinese could be selling Bitcoins to each other and not buying up Bitcoins from the rest of the world...
hero member
Activity: 854
Merit: 500
einc.io
March 30, 2014, 01:41:49 PM
#4
According to fiatleaks, Chinese never sleep.
Look at the time and ask yourself, use your brains.
This site is so fake.
legendary
Activity: 896
Merit: 1000
March 30, 2014, 01:40:28 PM
#3
That website is a lie. All it does is show volume, not buying. Not sure how anyone could believe that's what it actually showed in the first place
sr. member
Activity: 249
Merit: 250
March 30, 2014, 01:35:21 PM
#2
If China does ban BTC...this is the last chance to move major monies out of the country legally (if only temporarily).
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