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Topic: Seems like China is dominating the market again with 71% of the volume? - page 2. (Read 2542 times)

newbie
Activity: 42
Merit: 0
Yea all exchange Chinese are lying ... But Mtgox, Bitstamp, btc-e don't  Grin

All this exchanges are bigger than Btc-e:

-- OkCoin  298k
-- Huobi 229k
-- Chbtc 48k
-- Btctrade 21k
-- Fxbtc 24k

The reality is the market is Chinese !
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
yeah and btc china trades now Litecoin (also with zero fees) . so whats the problems ;-) ?

the rest of the world just need more time to understand it.
legendary
Activity: 2156
Merit: 1131
The volumes will be higher because there are no transaction fees, which means no cost to run a bot that buys/sells over and over.

90% of volume is caused my bots but it is still volume...
sr. member
Activity: 910
Merit: 302
The next china bull run is just about to start with LTC hitting Huobi soon expect BTC to hit $1500 and LTC to hit $100.

yes, seems like china will be the driver of the rise again.
What's the west doing? 5 years later and USA is still not seriously in the game. With not even one serious exchange there.
Really looking forward for Circle.

wait for wallstreet to jump in.

i'm really looking forward to that since last year, but they are kinda slow so far.
hero member
Activity: 770
Merit: 500
The next china bull run is just about to start with LTC hitting Huobi soon expect BTC to hit $1500 and LTC to hit $100.

yes, seems like china will be the driver of the rise again.
What's the west doing? 5 years later and USA is still not seriously in the game. With not even one serious exchange there.
Really looking forward for Circle.

wait for wallstreet to jump in.
sr. member
Activity: 910
Merit: 302
The next china bull run is just about to start with LTC hitting Huobi soon expect BTC to hit $1500 and LTC to hit $100.

yes, seems like china will be the driver of the rise again.
What's the west doing? 5 years later and USA is still not seriously in the game. With not even one serious exchange there.
Really looking forward for Circle.
member
Activity: 392
Merit: 10
Mostly milli bits by a massive population  that adds up
hero member
Activity: 770
Merit: 500
The next china bull run is just about to start with LTC hitting Huobi soon expect BTC to hit $1500 and LTC to hit $100.
newbie
Activity: 22
Merit: 0
The volumes will be higher because there are no transaction fees, which means no cost to run a bot that buys/sells over and over.
sr. member
Activity: 910
Merit: 302
Are they buying or selling?

It takes two to tango.

However, I'm feeling obtuse this evening so... Every trade has one buyer and at least one seller.  As it is possible for any given trade to include only one buyer, but multiple sellers, then in fact there on average are more sellers than buyers.

So... I think it's 'more' correct to say they are selling.
but also there could be multiple buyers to one seller?
newbie
Activity: 31
Merit: 0
According to
http://bitcoinity.org/markets/list?currency=ALL&span=24h

China has 71% of the volume for the last 24 hours

huobi is responsible for 67% and btcchina for 4%

Well huobi volume of 327,309 BTC for the last 24 hours seems way too big to be trusted?

What's the deal this time?


Are they buying or selling?
sr. member
Activity: 910
Merit: 302
Remember, Huobi has been accused of "manipulating" their numbers/volume.  I wouldn't be surprised if they are continuing to fake their data.

I really think so at this point.
Just few months ago nobody have heard about them now they beat bitstamp 10 fold.

Yeah Chinese might be a lot of people as stated above, but internet penetration there is much lower and population much poorer on average.
newbie
Activity: 28
Merit: 0
Remember, Huobi has been accused of "manipulating" their numbers/volume.  I wouldn't be surprised if they are continuing to fake their data.

I wouldn't be surprised.
hero member
Activity: 854
Merit: 1000
Remember, Huobi has been accused of "manipulating" their numbers/volume.  I wouldn't be surprised if they are continuing to fake their data.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
China has biggest population so kinda makes sense?
member
Activity: 94
Merit: 10
My name is Nikolay and am a webaholic.
According to
http://bitcoinity.org/markets/list?currency=ALL&span=24h

China has 71% of the volume for the last 24 hours

huobi is responsible for 67% and btcchina for 4%

Well huobi volume of 327,309 BTC for the last 24 hours seems way too big to be trusted?

What's the deal this time?
It's way more than 71% as this doesn't include all Chinese exchanges: http://btckan.com/price
hero member
Activity: 574
Merit: 500
According to
http://bitcoinity.org/markets/list?currency=ALL&span=24h

China has 71% of the volume for the last 24 hours

huobi is responsible for 67% and btcchina for 4%

Well huobi volume of 327,309 BTC for the last 24 hours seems way too big to be trusted?

What's the deal this time?
You know the Chinese, probably moving BTC to Hong Kong and back to Mainland to improve their stats  Roll Eyes

See https://bitcointalksearch.org/topic/bitcoin-to-china-500032
sr. member
Activity: 910
Merit: 302
According to
http://bitcoinity.org/markets/list?currency=ALL&span=24h

China has 71% of the volume for the last 24 hours

huobi is responsible for 67% and btcchina for 4%

Well huobi volume of 327,309 BTC for the last 24 hours seems way too big to be trusted?

What's the deal this time?
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