Something I've always found odd is that the English-speaking Bitcoin world has little communication with the Chinese-speaking Bitcoin world. Us English Bitcoiners always get news of important broadcasts in the PRC from a restricted set of users. Consequently, our information seems to be delayed a few hours.
There seems to be a great wall between China and the rest of the world. These Chinese Bitcoin exchanges see almost no representation on leading chart websites on our side of the wall. Neither Bitcoincharts nor Bitcoinity even has a fraction of the exchanges listed!
Chinese Bitcoiners have their own forums, where most Chinese-language discourse is hosted. Heck, they have their own Chinese-language Android app! Even on the ubiquitous Bitcoin site where all languages converge, the Chinese have built a wall. From a cursory glance into BitcoinTalk's Chinese-language subforum, most users posting there have little contact with the outside world. This starkly contrasts with most other language subfora, where users often post in the English-language subfora even if their English is mostly broken.
Is there a particular reason for this barrier? Perhaps it is the innate nature of the Chinese to build a wall around them?
Topic: China trading volumes on FIRE 508k traded today at Chbtc so far - page 2. (Read 2606 times)
November 02, 2013, 07:14:20 PM
November 02, 2013, 06:49:50 PM
Perhaps they are paying out shares in the exchange to test the exchange, and waiving fees during the test.
Not to be confused with live exchange data.
Not to be confused with live exchange data.
November 02, 2013, 06:46:38 PM
Well once fees appear on chinese exchanges volume will drop.
November 02, 2013, 01:10:44 AM
PS. they currently PAY YOU to trade as an incentive and give .2 dividend per coin (shares CHbtc I think)
a 250K trade will cost nothing and you get 50K shares as a bonus as well.
a 250K trade will cost nothing and you get 50K shares as a bonus as well.
November 02, 2013, 12:22:51 AM
Wow, I'm surprised this hasn't pushed the price through the roof yet.
looks like a major transfer from 1 account/owner to another at an agreed price will account for much of the volume without a large price rise. My conclusion is someone has taken or has a pre existing substantial position. 500k coins = $100Million plus.
Previous volumes were running at about 100k a day. Yesterday I saw 255k and today 500k so the large transaction could well be in the 250k range or a $50M holding/sale. otherwise it could be multiple buying and selling of small volumes for a quick profit. I would choose the 1st explanation
November 02, 2013, 12:06:19 AM
Wow, I'm surprised this hasn't pushed the price through the roof yet.
November 01, 2013, 10:55:04 PM
Big 3 volume is 15k so far today
that is 32 to 1 ratio
http://btckan.com/price
ChBTC 1264.7 207.659 1264.7 207.659 1265 207.708 1255.8 206.197 1270 208.529 508062.96 0 /0.2 Dividend
There appears to be a disconnect between blockchain stats and china market stats
http://blockchain.info/stats
Can anyone explain?
Does blockchain not include China transactions?
that is 32 to 1 ratio
http://btckan.com/price
ChBTC 1264.7 207.659 1264.7 207.659 1265 207.708 1255.8 206.197 1270 208.529 508062.96 0 /0.2 Dividend
There appears to be a disconnect between blockchain stats and china market stats
http://blockchain.info/stats
Can anyone explain?
Does blockchain not include China transactions?
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