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Topic: Exchange volume distribution. BTC belongs to China - page 4. (Read 3739 times)

sr. member
Activity: 420
Merit: 250
How is this news?
China > Largest miningpools f2pool/ hashnest
China > Largest Asic suppliers
China > Largest exchanges based on volume.

So yeah nothing new here.
hero member
Activity: 630
Merit: 500
PM me to buy traffic for your site!
it is a far way to go from a high trade volume on exchanger to claiming China owning bitcoin.

Chinese people have always been very interested in crypto currencies and have always invested big money in this market. maybe it is their economy or maybe it is the high number of population there but they have always been so active in this market.

who owns +90% from mining? who owns the biggest exchangers?

according to any statistic, China Smiley  .    Then the whole Bitcoin industry belongs to them.

https://bitcoinity.org/markets/list

https://blockchain.info/pools

If the numbers are fake then why the Bitcoin media doesn't say anything about that? Normally, the journalism's ethic and the common sense should write: " BTC China, Okcoin, Huobi, LakeBtc  are manipulating the price and they must be avoided" or to take an interview with them where these so called exchangers explain the numbers Smiley.  I don't see any article about that lately.

I repeat: over 90% from BTC market belongs to China. Okcoin has 93% from this market too. Smiley

http://bitcoincharts.com/charts/volumepie/

If so, USD/Euro, US and European exchangers doesn't exist as real BTC business  Smiley

I agree with the opinion that those chineese exchanges are not to be trusted when it comes to exchange volume.
Just think about it, operating an exchange costs a lot, especially with big number of users, and if they dont charge fee - how do they stay alive ?

I'm guessing that both their user base and real exchange volume are atleast 100x lower than what they claim it to be. No fee's - not a real exchange imho
member
Activity: 90
Merit: 10
there are alot of people saying the volume is fake because the exchanges dont charge commission, which makes no sense.
legendary
Activity: 1470
Merit: 1004
it is a far way to go from a high trade volume on exchanger to claiming China owning bitcoin.

Chinese people have always been very interested in crypto currencies and have always invested big money in this market. maybe it is their economy or maybe it is the high number of population there but they have always been so active in this market.

who owns +90% from mining? who owns the biggest exchangers?

according to any statistic, China Smiley  .    Then the whole Bitcoin industry belongs to them.

https://bitcoinity.org/markets/list

https://blockchain.info/pools

If the numbers are fake then why the Bitcoin media doesn't say anything about that? Normally, the journalism's ethic and the common sense should write: " BTC China, Okcoin, Huobi, LakeBtc  are manipulating the price and they must be avoided" or to take an interview with them where these so called exchangers explain the numbers Smiley.  I don't see any article about that lately.

I repeat: over 90% from BTC market belongs to China. Okcoin has 93% from this market too. Smiley

http://bitcoincharts.com/charts/volumepie/

If so, USD/Euro, US and European exchangers doesn't exist as real BTC business  Smiley
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
it is a far way to go from a high trade volume on exchanger to claiming China owning bitcoin.

Chinese people have always been very interested in crypto currencies and have always invested big money in this market. maybe it is their economy or maybe it is the high number of population there but they have always been so active in this market.
legendary
Activity: 1652
Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
When there are no transaction fees, volumes are not reliable at all.
You could trade with yourself all day long and drive up volumes.  Smiley

This. You should only pay attention to exchanges charging fees - their trades are real (anyone just trading back and forth with themselves all day would soon go broke).
legendary
Activity: 1470
Merit: 1004
BTC does not belong only to china.
These stats are not yet confirmed

confirmed by...whom? Smiley
hero member
Activity: 644
Merit: 500
BTC does not belong only to china.
These stats are not yet confirmed
legendary
Activity: 1470
Merit: 1004
Let's see USD and CNY flow in and out. Then we'll know what the real deal is. It kinda sucks that people think btc belongs to China when there's not alot actually going on there.

I agree with you. All the exchangers are talking about transparency but no one will want to share this kind of information; IN and OUT transactions.  Smiley

It will reveal how small they are and that all the BUZZ is for advertising. Many from these exchangers would not survive without the money from stupid "investors".
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
It has always been very difficult to get reliable data from China, regarding anything economy-related. It's the same with sales of luxury goods. China has always been good at faking things. One emperor had a fake army, some centuries ago.
legendary
Activity: 1288
Merit: 1087
Let's see USD and CNY flow in and out. Then we'll know what the real deal is. It kinda sucks that people think btc belongs to China when there's not alot actually going on there.
legendary
Activity: 1218
Merit: 1007
Volume =/= ownership, and these are poor statistics as mentioned by other users anyways.

Bitcoin might just be being sent in a circle in China for all we know. I heavily doubt that there is a large amount of users moving it.
legendary
Activity: 1652
Merit: 1043
Cypherpunk (& cyberpunk)
If you're referring to OKCasino, then you're making a huge mistake.
It's well known they run volumizers on their exchange in order to attract new money.

If you want a reliable exchange, you should look at Stamp.
sr. member
Activity: 308
Merit: 250
The mind is everything. What you think you become.
i dont think this is true and trusted data chart,even we know china is lead on bitcoin miner,i can believe if okcoin lead with 92% in bitcoin market,and CNY 95% for currency,can anyone give another source?
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
92% oh man that is really huge volume, but the fact is doubt about even 50% is true volume.  Grin
But whatever the stats shows we all know chinese loves bitcoin and they can drive the market to both way.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
Everyone knows the Chinese exchanges are not a reliable source for information and those stats are being manipulated. Those exchanges are also in

competition with each other, so they manipulate those stats. I mostly ignore all Chinese sources when I look at the prices. These are some of the

sources I use to get a average price :

Bitfinex
Bitstamp
BTC-E
LocalBitcoins 

Yes you are right as this cant be the true source of information. Also these exchanges are in Chinese language and it is almost impossible to check whats going on there.
Other than that chiesne are also great investors in bitcoins. No doubt about that.
hero member
Activity: 1470
Merit: 655
When there are no transaction fees, volumes are not reliable at all.
You could trade with yourself all day long and drive up volumes.  Smiley

no transaction fee or no trading fee? these are two different things. and do you have a reference for what you say?


also it doesn't matter if it is 0 because it has been proven that Chinese are very interested in crypto markets whether it is bitcoin or altcoins they have always been there with lots of money to invest.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
Lots of fake volumes, fake tradings, fake pump/dump and fake hype Roll Eyes
Don't ever look at china exchange to see bitcoin price or trends, better see other exchange.
legendary
Activity: 1470
Merit: 1004
When there are no transaction fees, volumes are not reliable at all.
You could trade with yourself all day long and drive up volumes.  Smiley

then, the fake volumes do not affect the BTC price overall? is it not that means market manipulation?
legendary
Activity: 2786
Merit: 1031
Some serious shenanigans going on in there.

Also:

Quote
How would you describe the Bitcoin market in China now and in the future?

The Bitcoin market in China now is off its peaks. Our volumes are not as high as compared to fake volumes of competitors, but we have a good pulse on the market.  Our research has shown us a lot of people are on the sidelines. The Chinese government put a chill factor on the market in December and scared a lot of people. Half of the people are scared. Some strong believers are still there. Volume is one tenth of what it used to be.

https://www.cryptocoinsnews.com/future-bitcoin-china-bobby-lee-speaks/
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