Topic: Fiatleak and CNY--What's going on? (Read 1752 times)
im still baffled how people seem to think this website shows new money coming in. use your brain people
fiakleak shows the absolute value of all trades that occur on a given market 
I thought fiat leak just showed the amount of buying, not really how much comes from fiat...
Offline wallets flowing in?
If the huge Chinese volume on Fiatleak is coin flowing in from offline wallets............
RUNTER! RUNTER! RUNTER!
Anyone notice all the fiat being leaked into bitcoin from China? What the hell is going on?
Any idea how people are bypassing capital controls?
Right now more Bitcoins are being bought with CNY than USD. Crazy!
Any idea how people are bypassing capital controls?
Right now more Bitcoins are being bought with CNY than USD. Crazy!
The obvious explanation is that a lot of the fiat that was floating around in the exchange before the price fell from over 6000+ CNY wasn't withdrawn. *Shrug*
How do you account for the fact that after BtcChina and other exchanges cut off payment processors, there was effectively nothing coming from CNY on fiatleak. Now, there is a heavy flow. Where are they buying then? Gox?
Offline wallets flowing in?
People really trust a website who uses data from some shady traders like Okcoin and start makings assumption on what's happening in China based on that?
common,
common,
Anyone notice all the fiat being leaked into bitcoin from China? What the hell is going on?
Exchange volume fraud.
The Chinese still have funds in their local exchanges and they can speculate for a little longer.
Until the end of January that is.
Until the end of January that is.
Thanks for the info. I still find it interesting though as it says buying from Chinese is occurring now. The past few days the volume of Bitcoins on fiatleak has been below Canada and Singapore's. Now it is higher than the US.
Like he said its most likely fiat still held on the exchanges buying back in... But as you speculate, they must have some hope for the future of BTC.
Thanks for the info. I still find it interesting though as it says buying from Chinese is occurring now. The past few days the volume of Bitcoins on fiatleak has been below Canada and Singapore's. Now it is higher than the US.
I never watch Fiatleak so I don't have idea what is happening there but I surely know that they can't have an idea when fiat hits an exchange except looking at bid volume, trades etc..
When China's problem occured, nobody was actually buying there, only selling so that might be a reason why there was no activity on Fiatleak. Now, dust settled a bit, price went down so there are few market buys and so.
It's a logic really... nobody doesn't have idea when someone wires money into any exchange therefore nobody can show us that in real, or any other time except exchanges themselves, and they're not doing it. It's only Fiatleak's marketing to bring people on their site.
When China's problem occured, nobody was actually buying there, only selling so that might be a reason why there was no activity on Fiatleak. Now, dust settled a bit, price went down so there are few market buys and so.
It's a logic really... nobody doesn't have idea when someone wires money into any exchange therefore nobody can show us that in real, or any other time except exchanges themselves, and they're not doing it. It's only Fiatleak's marketing to bring people on their site.
How do you account for the fact that after BtcChina and other exchanges cut off payment processors, there was effectively nothing coming from CNY on fiatleak. Now, there is a heavy flow. Where are they buying then? Gox?
I can't believe people seriously thing that Fiatleak is showing fiat coming to the exchanges, I seriously can't...
FiatLeak can't ever know how much fiat is coming to the exchanges, it uses trades there, buys of course, and is marketing that as fiat coming to the exchanges. It's so obvious it's untrue..
FiatLeak can't ever know how much fiat is coming to the exchanges, it uses trades there, buys of course, and is marketing that as fiat coming to the exchanges. It's so obvious it's untrue..
Anyone notice all the fiat being leaked into bitcoin from China? What the hell is going on?
Any idea how people are bypassing capital controls?
Right now more Bitcoins are being bought with CNY than USD. Crazy!
Any idea how people are bypassing capital controls?
Right now more Bitcoins are being bought with CNY than USD. Crazy!
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