merchants does not belong to china, and they hold the most important part of bitcoin, with the mining scene, so china as best is contorlling 50% of bitcoin, talking about the absolute control over it
people always forget the importance of the merchants....
Topic: Exchange volume distribution. BTC belongs to China - page 2. (Read 3748 times)
Since so many people talking about chines exchange, I am wondering, can someone help me out which exchanges are Chinese?
Is bitfinex Chinese exchange?
Is lakeBtc Chinese exchange?
I know OKcoin and huobi are Chinese exchanges, am I right?
Is bitfinex Chinese exchange?
Is lakeBtc Chinese exchange?
I know OKcoin and huobi are Chinese exchanges, am I right?
I expect most sites listing bitcoin pricing are perfectly aware of the situation with Chinese exchanges, and handle it in a manner similar to Coinmarketcap.com:
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
please read again and you will notice that the chinesse exchangers are on top with over 90% CNY and USD from market.
Only Chinese exchange I see there is OkCoin. Coinmarketcap specifically excludes the zero-fee exchange volumes from their calculations.
I expect most sites listing bitcoin pricing are perfectly aware of the situation with Chinese exchanges, and handle it in a manner similar to Coinmarketcap.com:
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
please read again and you will notice that the chinesse exchangers are on top with over 90% CNY and USD from market.
I expect most sites listing bitcoin pricing are perfectly aware of the situation with Chinese exchanges, and handle it in a manner similar to Coinmarketcap.com:
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
http://coinmarketcap.com/currencies/bitcoin/#markets
Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!
# Source Pair Volume (24h) Price Volume (%) Updated
1 Poloniex ETH/BTC $ 18,713,500 $ 454.20 31.37 % Recently
2 Kraken ETH/BTC $ 5,737,290 $ 454.20 9.62 % Recently
3 Bitfinex BTC/USD $ 4,113,790 $ 453.53 6.90 % Recently
4 OkCoin Intl. BTC/USD $ 3,588,240 $ 452.65 6.02 % Recently
5 Kraken BTC/EUR $ 2,846,940 $ 453.96 4.77 % Recently
6 Coinbase Exchange BTC/USD $ 2,720,390 $ 456.00 4.56 % Recently
7 BTC-E BTC/USD $ 2,331,790 $ 452.30 3.91 % Recently
8 Bitfinex ETH/BTC $ 2,122,840 $ 454.20 3.56 % Recently
9 Bitstamp BTC/USD $ 1,603,690 $ 453.60 2.69 % Recently
10 itBit BTC/USD $ 1,311,060 $ 452.74 2.20 % Recently
I know it's a fake volume, but still counts...
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.
So, fake or not, they counts(at least for a trader)
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.
So, fake or not, they counts(at least for a trader)
of course, it counts. it's called price MANIPULATION.
someone said " I think the chart is not correct, i dont believe that chart at all, and i dont think that is possible at all"
Well, according to ALL the charts from all the websites, OKCOIN has over 90% from trades and China has aprox 96% from trades overall
https://bitcoinity.org/markets/list
http://bitcoincharts.com/charts/volumepie/
IF these charts are fakes then everything related to Bitcoin is fake because these charts reflect the BTC price as well.
So, how are the things going?
I know it's a fake volume, but still counts...
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.
So, fake or not, they counts(at least for a trader)
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.
So, fake or not, they counts(at least for a trader)
the most worried thing is that "nobody" cares about that
correct,as long we dont get any bad effect from that,we still no worry about that. china is big country with bigpopulation,its no wonder if china have big bitcoin distribution,exchange and bitcoin user is better on china,but i dont think its will become big matter for bitcoin circulation. 
I think the chart is not correct, i dont believe that chart at all, and i dont think that is possible at all, bitcoin is used globally, every minutes people keep on exchange it, so its impossible china can monopolize the chart
The thread about Bitcoin is dead explains the whole situation a bit better. I really hope that this changes and Bitcoin goes back to what it used to be when it was starting out. (but not the price)
Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.
Many folks from Europe need to wake up, only USA can compete with China now.
keep in mind that China gov banned all the banks to work with BTC companies.
The question is : how is it possible to the chinesse exchangers to own over 97% from BTC trading while the ban is enforced?
The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, < >
Perhaps "margin trading" is not the phrase you were looking for? The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, then it can be seen that the maximum exchange volumes are from the United States. China will be in the 3rd or 4th position (behind the European Union, and possibly Russia).
rigged in this case means price manipulation; BIG manipulation which is illegal in a normal industry
The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, then it can be seen that the maximum exchange volumes are from the United States. China will be in the 3rd or 4th position (behind the European Union, and possibly Russia).
I would not entirely trust the statistics the Chinese exchanges are giving out because they tend to present a lot of fake numbers to generate more activity than there is. Yes it's true that the Chinese mining farms have most of the hashing power but that is so because of the cheap price of electricity and the fact that all the manufacturing plants of ASIC's and stuff are already in China so they are getting new hardware for pennies on the dollar. But that does not exclude the possibility that the Chinese are lying through their teeth about the trade volume right?
Is it really free, from web site, it is .2 percent.
If I can exchange Bitcoin and USD fro free, I will open an account there.
If I can exchange Bitcoin and USD fro free, I will open an account there.
Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.
Many folks from Europe need to wake up, only USA can compete with China now.
they can "beat" them if they create a bot who can make more fake transactions than theirs
Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.
Many folks from Europe need to wake up, only USA can compete with China now.
Roundeye!
All your coin are belong to us!
All your coin are belong to us!
the most worried thing is that "nobody" cares about that
That is a lit bit worrying, since it should be decentralized. but then again china hold real large positions in the bonds market too. so not quite something bad right?
what does have the bonds market with the niche BTC market?
" it should be decentralized" but it's not. the exchangers are "centralized" and i don't see any small effort from companies to develop something decentralized. it's obvious why Jump to: