Topic: Chinese Bitcoin exchanges (Read 1074 times)
The Chinese trading volumes are fictituous but they will still be the biggest owners of crypto and who can blame them. Most of us are here because we believe btc or other altcoins are going to be the future, yet people here are angry the Chinese are embracing that future for some reason.
This is funny given the fact that China owns large amount of bitcoin and at the same time they have the majority of mining farms that mine bitcoins. That simply means that if you use bitcoin you ate uplifting China.
your take on things is always funny to me!
i am not saying this is wrong or impossible, but you have to reason to say this because it is impossible to know which country owns more bitcoin. China has the biggest mining farms so they have the biggest hash rate in total but this has nothing to do with how much bitcoin their people/investors own.
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But given this fact there are also virtual warfare that will be held online and that is bitcoin economy war. It will be participated by many countries and the winner gets to dictate the price of bitcoin.
this doesn't even makes sense to me. what the hell is virtual warfare and no country is fighting over bitcoin.
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Right now China has a big advantage because they legalized it. But soon other countries will also rise in bitcoin economy so lets also get ready our wallets because price will soar up very high.
China has not yet legalized anything. it was Japan which claimed bitcoin as a real currency not China. they still have some struggles with bitcoin.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I agree with you. We must boycott China since they do not respect the decision of international community. With this case I guess they are also expanding their territory in the world of virtual currency. If we support them then they will control the cryptocurrency like they did to the spratlys.
This is funny given the fact that China owns large amount of bitcoin and at the same time they have the majority of mining farms that mine bitcoins. That simply means that if you use bitcoin you ate uplifting China.
But given this fact there are also virtual warfare that will be held online and that is bitcoin economy war. It will be participated by many countries and the winner gets to dictate the price of bitcoin.
Right now China has a big advantage because they legalized it. But soon other countries will also rise in bitcoin economy so lets also get ready our wallets because price will soar up very high.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I agree with you. We must boycott China since they do not respect the decision of international community. With this case I guess they are also expanding their territory in the world of virtual currency. If we support them then they will control the cryptocurrency like they did to the spratlys.
I just looked up at the Bitcoin exchanges listed at coinmarketcap.com, and then I scrolled to the bottom of the page and some Chinese bitcoin exchange named "OKCoin.cn" is listed for having a 350m$ of volume in the last 24 hours.
Does it even make sense? am I the only one who thought Poloniex was the largest exchange? am I missing something?
Yeah, I might be dead wrong but I am here because I'm curious
Does it even make sense? am I the only one who thought Poloniex was the largest exchange? am I missing something?
Yeah, I might be dead wrong but I am here because I'm curious
Most of the chinese exchanges offer zero fee transactions.
So it is almost a no brainer what is happening.
Traders are playing ping pong and that's why the CN exchanges always have the highest trading volume.You can not take this numbers serious.
china bitcoin exchanges may be for china only , as mentioned on thread china more populations that may be the reason huge transaction is there. and best is support or use bitcoin exchanges which are world wide acceptable.
Definitely correct. this is the reason why some alt coins promote their coin to the Chinese community. WAVES platform even incorporate Chinese YUAN to their platform its the first fiat that they plan to add apart from USD. This is because the Chinese are the best users of cryptocurrencies as they tend to keep their money from being seize by their government.
on coinmarketcap.com if you continue scrolling a little bit further down you see why the volume is so high. "* Volume Excluded - No Trading Fees" they even exclude it from the rest because of the no trading fees.
and i think even if there were trading fees the volume would still be as high because Chinese are so interested in bitcoin and making money from it.
and i think even if there were trading fees the volume would still be as high because Chinese are so interested in bitcoin and making money from it.
china bitcoin exchanges may be for china only , as mentioned on thread china more populations that may be the reason huge transaction is there. and best is support or use bitcoin exchanges which are world wide acceptable.
With the population of 1 Billion, it shouldn't be surprising to see their exchange has become huge in just a year. Lets just assume only 5% of their population uses bitcoin but hell, that still more than the users here in bitcointalk who wants to get richer in less than a year. they need to accumulate more than enough money to retire and to resort to bitcoin is a good option else they will again resort to eat cockroaches from their cockroach farms.
I first heard of OKcoin last year and its great.
what is strange with the number of transactions done in china market, there are only two things that can make us think that it is reasonable the first we all know that China is the holder of bitcoin largest and the second is bitcoin has begun considered as a profitable investment not only by the Chinese but by the world community.
Poloniex is one of the smaller Bitcoin exchange, the largest is Bitfinex for USD.
Chinese have one of the larger Bitcoin exchange volumes since the country is so big and there are substantially more big traders there. Even though Bitcoin is not openly accepted there, Bitcoin mining is still very active there with most of the bigger farms located there. The high trade volume might be due to the miners offloading their mined BTC.
Chinese have one of the larger Bitcoin exchange volumes since the country is so big and there are substantially more big traders there. Even though Bitcoin is not openly accepted there, Bitcoin mining is still very active there with most of the bigger farms located there. The high trade volume might be due to the miners offloading their mined BTC.
You are comparing bitcoin exchanger which is also actually chinese bitcoin exchanger and it is quite obvious to see chinese exchanger to have largest volume as china is the one having many large mining farms. Poloniex is not that much big as they deal with altcoins rather than bitcoin to USD or USD to bitcoin, so they relatively have low volume than bitcoin exchanges.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I agree with you. We must boycott China since they do not respect the decision of international community. With this case I guess they are also expanding their territory in the world of virtual currency. If we support them then they will control the cryptocurrency like they did to the spratlys.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I agree with you. We must boycott China since they do not respect the decision of international community. With this case I guess they are also expanding their territory in the world of virtual currency. If we support them then they will control the cryptocurrency like they did to the spratlys.
I just looked up at the Bitcoin exchanges listed at coinmarketcap.com, and then I scrolled to the bottom of the page and some Chinese bitcoin exchange named "OKCoin.cn" is listed for having a 350m$ of volume in the last 24 hours.
these Chinese exchanges have always had a gigantic daily volume in bitcoin, there are some speculations about what the reason for his volume is but i think it is mostly because of zero fee and the interest of Chinese in cryptocurrencies.
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Does it even make sense? am I the only one who thought Poloniex was the largest exchange? am I missing something?
yes it makes sense. and yes you are the only one who thought "Polo" is the largest exchange because it is not.
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Yeah, I might be dead wrong but I am here because I'm curious
well, polo is a big exchange because it has all the altcoins that matter, and that creates such a large sum of volume each day but it is not the only big exchange out there and it definitely is not the biggest in bitcoin/fiat trading that you are talking about here.
You hate Chinese products lol your probably find that everything you wear is made in China also most electronic goods are also Chinese. Be careful the Chinese have put in hardware that can hack your computer in milliseconds.
Haha yeah you right, China is a developed country that has the technology is not inferior to us. And indeed the products we use today are mostly made in China or licensed china. So if we hate china then it's wrong, we also see China play a major role on the price of bitcoin. And we know exchanger from China not only OKCoin.cn. There huobi exchanger which is great
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I think people in China is very much. it is not difficult to compete with the international exchange in the world. china exchange would be great because the number of users that much.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
You hate Chinese products lol your probably find that everything you wear is made in China also most electronic goods are also Chinese. Be careful the Chinese have put in hardware that can hack your computer in milliseconds.
I think that i will never use China bitvoin exchanger because I hate china products so i dont want support china exchanger so i will just use bitcoin edchangers which are not made in china.
I just looked up at the Bitcoin exchanges listed at coinmarketcap.com, and then I scrolled to the bottom of the page and some Chinese bitcoin exchange named "OKCoin.cn" is listed for having a 350m$ of volume in the last 24 hours.
Does it even make sense? am I the only one who thought Poloniex was the largest exchange? am I missing something?
Yeah, I might be dead wrong but I am here because I'm curious
Does it even make sense? am I the only one who thought Poloniex was the largest exchange? am I missing something?
Yeah, I might be dead wrong but I am here because I'm curious
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