Topic: OKCoin and Bitfinex have the same volume now! - page 2. (Read 1938 times)
The question now is how much of that is true volume? We all know exchanges fluff this kind of data.
-snip-
I`m wondering is there any way to proove that this information is legit?
Are there any exchange platforms that manipulate such trading volumes to make people think they are bigger?
Or maybe smaller?
I`m wondering is there any way to proove that this information is legit?
Are there any exchange platforms that manipulate such trading volumes to make people think they are bigger?
Or maybe smaller?
there are some ways to do some double checking for example but there is never going to be a way to make sure if this is all true or false. our only source is what the exchanges themselves report. it can be falsified too.
but you can check the number of users, the orderbooks and other things to see how they look to some extent.
One might argue that people are being cautious until the "inspection" made by the People's Bank of China, and because we are almost in the chinese new year, so people just take some break from trading, and that the market is quite boring recently, so the volume will be lower overall
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
Well no matter what they say about China's holiday is the reason why their volume gone lower, I think this stats clearly stated that China controlling Bitcoin is a fallacy. Look at the distribution of trades now, A sudden change in graphical presentation after the tax implemenation. And it looks almost evenly now.
The reason people say that China controls Bitcoin is because of the hashing power in China, not because of the trading volumes. In that respect, China is still way ahead and the taxes have had no impact whatsoever.
One might argue that people are being cautious until the "inspection" made by the People's Bank of China, and because we are almost in the chinese new year, so people just take some break from trading, and that the market is quite boring recently, so the volume will be lower overall
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
Well no matter what they say about China's holiday is the reason why their volume gone lower, I think this stats clearly stated that China controlling Bitcoin is a fallacy. Look at the distribution of trades now, A sudden change in graphical presentation after the tax implemenation. And it looks almost evenly now.
One might argue that people are being cautious until the "inspection" made by the People's Bank of China, and because we are almost in the chinese new year, so people just take some break from trading, and that the market is quite boring recently, so the volume will be lower overall
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
And if the volume doesn't drop to alarming low levels they will survive, the operational costs in China are lower
I guess it depends on how much they were making from margin lending. Looking at those trade volumes, they won't make the money up with trading fees, so there will likely be some mergers.
Yes it seems we will see some merger between atleast two trading platform, or they may increase trading fee to sustain their operation. They may not be able to earn enough to cover their running cost. 
The China market is so amazing, passionate, one of the evidence that the use of the bitcoin in China are the largest in the world, so whatever happens in China will be against the price of the bitcoin globally.
this is an interesting turn of event from China to see how their ridiculously huge volume drop this much and go down to the level of the daily volume that western exchanges such Bitfinex have!
This is due to the fees those platform recently implemented and it also shows that what was the real trading volume of these chinese exchanges before. All those big number in trading volume were just result of fake orders made by them to lure more traders in their platform. 
this is an interesting turn of event from China to see how their ridiculously huge volume drop this much and go down to the level of the daily volume that western exchanges such Bitfinex have!
I`m wondering is there any way to proove that this information is legit?
Are there any exchange platforms that manipulate such trading volumes to make people think they are bigger?
Or maybe smaller?
This has been their real volume all along. It is old news that their reported volume was seriously inflated.
it'll fall further and maybe all or most of the chinese exchanges will close their doors.
you can have a bitstamp or gemini with fees and no margin when there's a little bit of actual usage and buyers with some long term vision. the chinese are degenerate gamblers with zero actual use for bitcoin.
you can have a bitstamp or gemini with fees and no margin when there's a little bit of actual usage and buyers with some long term vision. the chinese are degenerate gamblers with zero actual use for bitcoin.
Well I know there are a lot of chinese people doing actual use of bitcoin (basically moving their money out of the country to not get it stolen from the ridiculous governmental inflation rates and other confiscation techniques) but yes, let's not get delusional here, tons of chinese people are gambling addicts that would never stop playing around with insane amounts of margin. Now they will look less threatening to the rest of the world. All that chinese volume was giving them a fake aura of superiority. Now we just need to come up with a way to out-compete them in mining.
it'll fall further and maybe all or most of the chinese exchanges will close their doors.
i seriously doubt it.
there is still a lot of bitcoins being traded on their website. according to the coinmarketcap okcoin for example has nearly 13 million dollars daily volume and 2x 0.2% of that means $52,000 pure earning daily or 1.5 million dollar earning in a month.
the cost of running an exchange is big because of their powerful servers but it is still tiny compared to the amount earned this way.
it'll fall further and maybe all or most of the chinese exchanges will close their doors.
I guess it depends on how much they were making from margin lending. Looking at those trade volumes, they won't make the money up with trading fees, so there will likely be some mergers.
it'll fall further and maybe all or most of the chinese exchanges will close their doors.
you can have a bitstamp or gemini with fees and no margin when there's a little bit of actual usage and buyers with some long term vision. the chinese are degenerate gamblers with zero actual use for bitcoin.
you can have a bitstamp or gemini with fees and no margin when there's a little bit of actual usage and buyers with some long term vision. the chinese are degenerate gamblers with zero actual use for bitcoin.
this is an interesting turn of event from China to see how their ridiculously huge volume drop this much and go down to the level of the daily volume that western exchanges such Bitfinex have!
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