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Topic: Chinese exchanges plan to prove 100% reserve (Read 953 times)

member
Activity: 72
Merit: 10
August 21, 2014, 04:09:02 AM
#8
This is really good news. I sure hope HUOBI proves their reserves as I am very interested in using them.
legendary
Activity: 812
Merit: 1002
I really hope some otc market like localbitcoins can decide the price

Other way around. Prices on LBC set by individual users is based on an equation that depend on prices on exchanges. This isn't always the case, but generally speaking the prices on exchanges determines prices on LBC.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
clever move. btc china is always a frontrunner and wants to be a honest player (with real trading volume...)
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
Does it comply with Chinese laws and regulations?
legendary
Activity: 1386
Merit: 1016
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
it is pity for the BTC. The policy and creditability of exchange play an important role in BTC's price fluctuation.
hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
p2p exchanges can't exist since fiat interface is powered by central bank .
I really hope some otc market like localbitcoins can decide the price
hero member
Activity: 854
Merit: 1000
it is a real problem that the exchange determine in that high percentage in the price
we need a good p2p exchange
hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
As i posted in https://bitcointalksearch.org/topic/reason-of-price-drop-chinese-exchanges-dont-have-proof-of-100-reserve-741194 , Chinese exchanges don't have proof of reserves . Now good news is main exchanges like btcchina are trying to prove they are doing a clean business . They plan to show their proof of 100% reserves at the weekend.

And That's the main reason btc price goes up .

Exchanges decide the price .Don't be fucked up by them
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