That means I won, on the internet, since he got really mad and responded with a ridiculous ad hom.
"Argumentum ad hominem," also known as "argument to the man," is a form of logical fallacy in which an attack is made on a person's character rather than on the argument the person made.
How I Think MatTheCat Would Respond If I Wasn't On His Ignore List: "But BitcoinAshley, your arguments are so stupid and unintelligent, it's not even worth addressing them!"
You are welcome to your opinion. However, the professional & proper way to respond to an unintelligent argument, or a person "not worth responding to," is to simply... not respond to them. By responding with insults, you legitimize their argument and make your own appear childish or non-existent.
If this advice improved your online etiquette, feel free to tip me bitcoins. Unless you have SODL them all.
In the meantime, I've decided to go the way of proudhon and become a Permanent Bitcoin Beartroll.
MatTheCat will miss out on my sweet bear predictions... I know how much he likes to SHOTR...
Topic: chinese markets volume data wrong (Read 977 times)
has there been any meaningful analysis of huobi's reported volume vs. order books etc as was done with okcoin?
Gah GAh GOO Grughh FRNPMH
U have a brain about the size of a pea Ashley.
I doubt you will ever post anything actually worth reading or knowing which makes your presence on my monitor nothing more than unwelcome noise.
Welcome to my ignore list.
to say that the western exchanges are following huobi doesn't necessarily mean that huobi's volume is real.
"fake" may be more precise than "wrong"
What!?
You cant possibly mean keep Bitcoin ramped up with fake data on 'high volume' Chinese exchanges, whilst cashing out soon to be illegal Chinese BTC on the western exchanges at artificially high prices?
Surely not this from the country who have brought and sold to the world, 'fake rice'!?
Nooooooo, they wouldn't, would they?
But w8, on that other thread you just said that Huobi (a chinese exchange) is the only exchange that really matters?
So, WHICH IS IT? Is it fake volume, or is it the exchange we should be referring to for TA? Hahahaha
Mr. "Oh look Huobi has a double top, THAT'S what we should be paying attention to"
2 seconds later
Mr. "China volume is sooooo fake!"
"fake" may be more precise than "wrong"
What!?
You cant possibly mean keep Bitcoin ramped up with fake data on 'high volume' Chinese exchanges, whilst cashing out soon to be illegal Chinese BTC on the western exchanges at artificially high prices?
Surely not this from the country who have brought and sold to the world, 'fake rice'!?
Nooooooo, they wouldn't, would they?
hey guys,
i was puzzled about the reported volumes in the last weeks from the chinese markets and couldn't believe it to be true. So i looked i little bit deeper and it looks like the 24h volumes on chinese markets are completely wrong.
For example look at fxbtc.com. they report a volume of 22228.35 BTC for the last 24 hours. 22kBTC!, compare that with 5-8kBTC each on mtgx, bitstamp, btce. sources: https://www.fxbtc.com/ top bar on the right side, or https://bitcoinaverage.com/markets.htm#CNY , http://btckan.com/price or directly via their api https://data.fxbtc.com/api?op=query_ticker&symbol=btc_cny.
BUT, if you look on the chart in the homepage you see different volume data for smaller intervals. eg. 5min, 15min, 30min, 1h, 8h. If you sum up the volumes of the last 24 hours you are nowhere near 22kBTC. I did this with 1h data and 8h data, and both are the same. It is 383 BTC for yesterday, today til now (its 04:00 am in china) 82 BTC.
That leaves a huge gap between 22k BTC and 383 BTC, or am i completely missing something?
That 22kBTC seems more like a 30d volume, but it changes too fast. So i think either it is completely fake or it is a 30d estimate based on the last 24 hours and everything is a huge misunderstanding and bitcoinaverage and btckan interpret that values wrong.
Not enough, it looks like other chinese markets do exactly the same (except btcchina.com). If that all is correct that would mean volume in china is nowhere near that of usd and european exchanges.
What do you think?
fxbtc.com 1h and 8h Volume Data from 19.01.2014:
i was puzzled about the reported volumes in the last weeks from the chinese markets and couldn't believe it to be true. So i looked i little bit deeper and it looks like the 24h volumes on chinese markets are completely wrong.
For example look at fxbtc.com. they report a volume of 22228.35 BTC for the last 24 hours. 22kBTC!, compare that with 5-8kBTC each on mtgx, bitstamp, btce. sources: https://www.fxbtc.com/ top bar on the right side, or https://bitcoinaverage.com/markets.htm#CNY , http://btckan.com/price or directly via their api https://data.fxbtc.com/api?op=query_ticker&symbol=btc_cny.
BUT, if you look on the chart in the homepage you see different volume data for smaller intervals. eg. 5min, 15min, 30min, 1h, 8h. If you sum up the volumes of the last 24 hours you are nowhere near 22kBTC. I did this with 1h data and 8h data, and both are the same. It is 383 BTC for yesterday, today til now (its 04:00 am in china) 82 BTC.
That leaves a huge gap between 22k BTC and 383 BTC, or am i completely missing something?
That 22kBTC seems more like a 30d volume, but it changes too fast. So i think either it is completely fake or it is a 30d estimate based on the last 24 hours and everything is a huge misunderstanding and bitcoinaverage and btckan interpret that values wrong.
Not enough, it looks like other chinese markets do exactly the same (except btcchina.com). If that all is correct that would mean volume in china is nowhere near that of usd and european exchanges.
What do you think?
fxbtc.com 1h and 8h Volume Data from 19.01.2014:
20.01.
04:00 0.02
03:00 0.62
02:00 12.30
01:00 31.67
00:00 37.58
82.19
19.01.
23:00 140.03
22:00 88.80
21:00 13.92
20:00 42.43
19:00 13.59
18:00 0.98
17:00 1.62
16:00 1.87 303.24
15:00 2.90
14:00 18.14
13:00 1.79
12:00 0.07
11:00 0.21
10:00 9.43
09:00 8.47
08:00 9.22 50.23
07:00 1.12
06:00 0.00
05:00 7.50
04:00 10.10
03:00 1.07
02:00 0.00
01:00 0.10
00:00 10.03 29.92
383.39 383.39
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