Fiatleak.com showing massive, ongoing BTC buying from China - page 2.

ujka

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Quote from: TTM on March 30, 2014, 12:40:28 PM

Quote from: khjghki44f on March 30, 2014, 12:30:07 PM

Quote from: TTM on March 30, 2014, 11:58:32 AM

I think fiatleak is for illustration only, not real number with outdated data.

Data really wrong?

i'm just thinking, if i'm a chinese who've just bought some coins at btc-e, then how the hell fiatleak know that order was taken by a chinese ?

Won't know.
But fiatleak is only counting in which currency are trades done.
btc-e added Chinese Yuan trading.

bitluryz

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Quote from: sdersdf2 on March 30, 2014, 11:48:37 AM

If BTC demand is supposed to be drying up in China, why does fiatleak.com show....
heavy, heavy, HEAVY BTC buying from China:
http://fiatleak.com/

They're buying at the rate of approximately 70BTC a minute at the time of this post

Is China playing us?
(rhetorical question)

China is Playing => not really, they are stealing your coin with fake !

Fiatleak show the reality; chinese buying BTC

If this Bank ban for exchange was real, why the hell they will buy BTC ? Because who is buying know this is a fake.

Posting on Forum is a part of their strategy, so people come here with demoralizing Topic and words.

The best is this story: People get trapped

TTM

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Quote from: khjghki44f on March 30, 2014, 12:30:07 PM

Quote from: TTM on March 30, 2014, 11:58:32 AM

I think fiatleak is for illustration only, not real number with outdated data.

Data really wrong?

i'm just thinking, if i'm a chinese who've just bought some coins at btc-e, then how the hell fiatleak know that order was taken by a chinese ?

khjghki44f

newbie

Activity: 28

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Quote from: TTM on March 30, 2014, 11:58:32 AM

I think fiatleak is for illustration only, not real number with outdated data.

Data really wrong?

rammy2k2

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we'll find out on 15

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: dancupid on March 30, 2014, 11:57:03 AM

Quote from: DubFX on March 30, 2014, 11:54:22 AM

280 coins in 2 minutes...wow...wish it would show selling also.

Buying and selling are the same thing - when someone sells something, someone else is buying.
Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins.

Ahhhh, of course! How did I miss this? Thank you.

ljudotina

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Don't forget that fiatleak cant know where is BTC coming from. It shows huge traffic but it does not know is it BTC coming from outside china, or is it all inside trade (Chinese selling and buying BTC). I'm sure that majority of Chinese population is trying to sell and minority is buying which reflects on price and all of us.

Sad thing is that China does not need to "play us". All they need to do is "play" their own ppl. There is enough of their own ppl so they can affect price worldwide. All we can do is sit by and watch, or buy in large amounts which is not happening i guess.

DubFX

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Quote from: dancupid on March 30, 2014, 11:57:03 AM

Quote from: DubFX on March 30, 2014, 11:54:22 AM

280 coins in 2 minutes...wow...wish it would show selling also.

Buying and selling are the same thing - when someone sells something, someone else is buying.
Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins.

Yeah right, i didn't think about it this way Roll Eyes

TTM

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I think fiatleak is for illustration only, not real number with outdated data.

5thStreetResearch

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Pretty cool site

ujka

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'Each trade' says the fiatleak page. Buy, and sell ??

210 btc last minute, I summed from bitcoinwisdom, for huobi, btcchina and okcoin. total trades.

dancupid

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Quote from: DubFX on March 30, 2014, 11:54:22 AM

280 coins in 2 minutes...wow...wish it would show selling also.

Buying and selling are the same thing - when someone sells something, someone else is buying.
Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins.

DubFX

sr. member

Activity: 434

Merit: 250

280 coins in 2 minutes...wow...wish it would show selling also.

sdersdf2

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Quote from: Beliathon on March 30, 2014, 11:49:07 AM

fiatleak doesn't account for selling, I don't think. Only buying.

China has no way to "play us". The blockchain is a public ledger, worldwide. You can't manipulate it, that's the whole point.

What I mean is whether the bad news from China is being made to look worse than it is so that China can amass a larger share of the market. If you look at fiatleak, it shows really outsied buying from China and hardly anywhere else. At this point, it looks like the overwhelming majority of sales are being made to buyers in China.

Beliathon

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Activity: 784

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https://youtu.be/PZm8TTLR2NU

fiatleak doesn't account for selling, I don't think. Only buying.

China has no way to "play us". The blockchain is a public ledger, worldwide. You can't manipulate it, that's the whole point.

sdersdf2

full member

Activity: 224

Merit: 100

If BTC demand is supposed to be drying up in China, why does fiatleak.com show....
heavy, heavy, HEAVY BTC buying from China:
http://fiatleak.com/

Topic: Fiatleak.com showing massive, ongoing BTC buying from China - page 2. (Read 3975 times)