it proved, no financial derivatives, no trading volume

manfred

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Activity: 966

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Energy is Wealth

Quote from: bounst on February 09, 2015, 02:35:50 AM

Quote from: manfred on February 05, 2015, 04:38:06 AM

Quote from: zimmah on February 04, 2015, 05:40:45 AM

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn
(two seperate exchanges)

https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693
https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209

the charts incluide both usd and usd volume

??
Charting websides do not include 0% trading volume

ThatDGuy

hero member

Activity: 728

Merit: 500

Quote from: Mieehayii on February 05, 2015, 12:17:13 AM

Quote from: zimmah on February 04, 2015, 05:40:45 AM

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

Perhaps this is one reason, but I don't think this is the key

Zero fees for transactions is a considerable difference.

hodlmybtc

hero member

Activity: 700

Merit: 500

Volume on chinese exchanges is way higher because of the zero fees, this was admitted by I think the CEO of BTCChina. He said that because of the zero fees the volume would be between 5 and 10 times higher than on other exchanges.

Also read this: http://www.coindesk.com/reality-chinese-trading-volumes/

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

I believe it's much simpler to profit in a bear market by using derivatives, shorts, leveraged shorts, etc. It's not something for people who only believe in the long-term success of Bitcoin, but those who like to ride even the smaller waves and profit off of them. I think this will change if/when we enter a definite bull-market again!

flipstyle

sr. member

Activity: 406

Merit: 250

lol does this really surprise anyone?

China has built the number 2 world economy by outslicking the europe and the west by any means necessary. That means lying, cheating, stealing patented technology, and scamming.

Have fun playing russian roulette when they have the hand on the trigger!

medUSA

legendary

Activity: 952

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--Signature Designs-- http://bit.ly/1Pjbx77

I believe I read something about Chinese exchanges doubling their volume by reporting coins bought and sold as 2 transactions but they are in fact the same coins. Has the above chart taken that into account? Bitstamp has only 4% of global volume? I found that hard to believe.

Nrcewker

copper member

Activity: 2394

Merit: 539

DGbet.fun - Crypto Sportsbook

the real volume should be be divided by their leverages.

GÜNther.Danish

full member

Activity: 122

Merit: 100

Quote from: tutkarz on February 09, 2015, 08:57:13 AM

then how do you explain that https://bitcoinwisdom.com/markets/btcchina/btccny have less than 2k btc in both directions while bitfinex have 9k ask and 15k btc bid orders?

unexplained, but only faking

tutkarz

hero member

Activity: 546

Merit: 501

then how do you explain that https://bitcoinwisdom.com/markets/btcchina/btccny have less than 2k btc in both directions while bitfinex have 9k ask and 15k btc bid orders?

bounst

full member

Activity: 228

Merit: 100

Quote from: manfred on February 05, 2015, 04:38:06 AM

Quote from: zimmah on February 04, 2015, 05:40:45 AM

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn
(two seperate exchanges)

https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693
https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209

the charts incluide both usd and usd volume

Q7

sr. member

Activity: 448

Merit: 250

Wow. that's almost 90% with all of them combined. and what's more surprising is that kraken share is so small compared to the rest.

manfred

legendary

Activity: 966

Merit: 1001

Energy is Wealth

Quote from: zimmah on February 04, 2015, 05:40:45 AM

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn
(two seperate exchanges)

https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693
https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209

stellar1

member

Activity: 70

Merit: 10

Volume defines a market; any market. Higher the volume better the market. Doesn't matter even if the same coins are being rotated n number of times. Or if the transaction fee is zero or even negative for that matter.

BTW bitfinex.com operates out of Hong Kong.

Cassie.Jill

member

Activity: 83

Merit: 10

chinese exchanges volume is very huge, but it is pointless for me. btc-e and lakebtc are still my top two choice.

Mieehayii

hero member

Activity: 490

Merit: 500

Quote from: zimmah on February 04, 2015, 05:40:45 AM

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

Perhaps this is one reason, but I don't think this is the key

Malin Keshar

hero member

Activity: 616

Merit: 500

okcoin at leas has leverage, and bigger than bitfininex

zimmah

legendary

Activity: 1106

Merit: 1005

china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.

Mieehayii

hero member

Activity: 490

Merit: 500

recent 30 days Bitcoin trading volume on Exchanges
http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc

I can only say, more people more power in China, chinese occupied the top three, and their sum is more than 70% of the total!!

only bitfinex has a portion since it run a sharp leverage.

and others simple exchanges, bitstamp btc-e lakebtc sum up their three, it's only 10% share. and kraken I mentioned last time, seem to be not doing very well.

Topic: it proved, no financial derivatives, no trading volume (Read 1763 times)