Topic: China volume last 24 hours (Read 3256 times)

Not even surprised that finex would bounce up again. It's just that recent hacking that made their system look insecure and prone to attacks, but overall their exchange is a great platform for trading.

Bitfinex right now has 10KBTC more volume than Bitstamp, which is quite normal if you ask me since it is a larger exchange. A whale buying its own coins can make the volumes level again 

In other interesting volume news, bitfinex is now back way above bitstamp.... wow that didnt take long, i called it not long ago but didnt expect it this quick!

The centre of currency will be bitcoin in a few decades. But we have to work hard to achieve that. Let's use bitcoin.

Most currencies are per today a mere illusion of value. But it is sometimes really funny when I have guests from the US in Europe. They come here with an attitude like in the 60s and think that the USD still is a currency with a high value - basically the center of the currencies universe. One waitress said it like this when a friend asked if he could pay with USD: "Keep your Mickey-Mouse-Money and pay with a real currency."

I think this is driven by loss of confidence in the yuan more than Americans/westerners realize. Americans are still addicted to their delusions of a "strong dollar". It's hard for them to imagine the threat of their fiat going to shit. That's still out on the horizon for Americans, but for china, that reality is upon them. Think about it, if you had a couple million Yuan laying around would you want to be holding that bag right now?

The daily mined coins are only 3600, way below the 1.0 million volume in the first two Chinese exchanges.

When the transaction fee is 0%, the volume is suspicious.

What would be ironic is instead of crypto being a liberator of humanity, the Chinese government was prepping to use Bitcoin as a base for their "citizen scoring" system they are developing!

Something is definitely going on in China. FiatLeak.com is going crazy:

http://fiatleak.com

Watching it for all of 3 minutes, 77 bitcoins flowed into the US, while 780 bitcoins flowed into China! And, it's the middle of the night there.

I wonder what is going on. Certainly hope this is the start of the next bubble : )

If you consider logarithmic charts as a valid method of predicting future price, in theory Bitcoin should have made its massive rise in late 2013 regardless of the Willy bot.

I still say the effects/blame of the bot is overrated, ALL markets are manipulated to some degree, the excuse is "Well, Gox was making up 70% of the Bitcoin volume so it was easy to manipulate...", well guess what, all securities exchange on NASDAQ or the DOW are traded 100% there exclusively too, how easy do you think those are to control?

Did anyone see the massive red stick on Wal-mart's chart the other day? There is no way that wasn't influenced by one whale dumping & setting the chain in motion. But even with these whales making big moves it still takes hundreds of thousands, millions even of little fishies to be buying to make it work and sustain itself for months like the Bitcoin bubble. There were MANY people buying Bitcoin in the $1,000 range and they believed it at the time to be the price it was worth. Of course we saw the price drop later due to market fears over potential China Bitcoin ban, Gox's collapse, etc.

Personally i'm praying this is the start of the next bubble because I believe this time it won't fizzle out so quick now that we have more legit exchanges and individuals in control of Bitcoins destiny now.

well 60% of miner are probably dumping their coins there causing the volume to increase(after a month you have 1800 x 30 = 54000 coins dumped, which is a big amount) more than any other exchange, it should explain it, even if we count the fake volume

Willy bot 3.0, the 2.0 version was used by the chinese to drive the prices as low as possible.

And I think the chinese had more influence in the Gox bubble than the Willy bot itself, but I have no proof

china has been known for their volume manipulation. it's nothing new, but people still get stunned when they see their beyond insane fake volumes.

Trader chinese make sell and buy with his self
So we should'nt calculate trading volume feom chinese market

You do know that china has ridiculously low fees right? They just shift the btc back and forth to make it seem as they are active.

If this would be the case, the volume still would be impressive.

Huobi market provide flexibility to you to borrow 3 times that of the total your balance, also he give 0% fee trade

I think chinese market is fake volume

If they can do it let um do it imo, shows what great opportunity there is in this market for bigger players to come in and control it.

Not really. It's more pathetic. I always consider Chinese exchanges volumes 10x lower than what they are. If they have a 24 hour volume of 500,000BTC I simply count it as 50,000BTC volume.

is that a bad news ?