If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!
Where did you get that number from?
The only exchanges that matter are GDAX, Bitfinex, Gemini and Bitstamp. All foreign trading volumes do contribute somewhat, but they mainly affect their own market. I remember when South Korean exchanges were trading $5000 above western exchanges, which is beyond insane, but the western markets didn't give one single damn. Later on South Korean premiums vanished and became just a few hundred instead of thousands -- this perfectly indicates that continents have different demand standards and don't necessarily steer the other side up or down with it. That's the benefit of having different exchanges all operating different order books.
And slowly SK turns into China, faking numbers and volume...
Chosun reports that police believe the exchange has faked its balance sheets and deceived investors. South Korea's Financial Supervisory Commission (FSC) reportedly sent ten investigators to the exchange’s head offices in Seoul at 10 am this morning, and will access the company’s computer system to audit the exchange’s virtual currency holdings
.
If they've faked balances I'm pretty sure they've faked everything.
I'm always puzzled how exchanges come out of nowhere and suddenly they have hundred of millions in trade.
Yet on 1000
BTC dump and it's the end of the world...
