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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31878. (Read 26407951 times)

legendary
Activity: 2212
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legendary
Activity: 2464
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 2212
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legendary
Activity: 1834
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^Especially those incorporated in HK
legendary
Activity: 1792
Merit: 1087
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?


Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges.  

I know it's legit , I know somebody who used them but that doesn't mean the numbers on their trading volume is real.
Of course there can be bots doing this volume with the 0 fees but still , the market depth is not convincing.

You can't compare apple (Western exchanges) with orange (Chinese exchanges) Just C&P from another thread:

Another point most of you do not aware is that Chinese BTC exchanges have the best integration with fiat transfer system. Transferring fiat in and out is the biggest headache for many bitcoin exchanges (see MtGox). In China, however, it is completely painless. Taking btcchina, the biggest exchange as example. Users can transfer fiat from any major Chinese bank to the exchange instantly with zero fee. Therefore, depositing BTC is literally faster than depositing bitcoin.

To withdraw, only 0.5% is deducted and in most cases it will arrive in 24 hours. No daily limit. No AML or KYC. All you need are accounts of any major Chinese bank and Tenpay (the Chinese version of Paypal).

(However, this is China, which means the government policy could change overnight)

hero member
Activity: 826
Merit: 501
in defi we trust
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?


Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges.  

I know it's legit , I know somebody who used them but that doesn't mean the numbers on their trading volume is real.
Of course there can be bots doing this volume with the 0 fees but still , the market depth is not convincing.
legendary
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1600
Merit: 1014
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?


Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?

Hm.
The Chinese banking system is pretty fast. You don't need to have your money sitting around on the exchange waiting.
Bitcoin is any ways.

Btcchina seams pretty legit to me, sold there myself already. Can't say that for the other Chinese exchanges. 
hero member
Activity: 826
Merit: 501
in defi we trust
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?


Do you see the amounts?  with a total of 4000 bitcoins for sale and bids for 10 000 (and this includes the ask and bids at 4x or 0.25 the value) , how can it even dream of a volume of 15k/day?
legendary
Activity: 1600
Merit: 1014
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

What's wrong with it?
legendary
Activity: 1246
Merit: 1000
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%

Looks legit to me. Market depth looks similar to Bitstamp only with less coins on the ask side. Bid side shows around $1.5M USD total which is very similar to bitstamp.
hero member
Activity: 826
Merit: 501
in defi we trust
I had my doubts about btcchina with their trade volume and this only adds more

http://mm.btc123.com/btcchina.php , zoom to 100%
legendary
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1600
Merit: 1014
legendary
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 826
Merit: 501
in defi we trust
Everyone ready for Launch? Lunch? Luaunch? Grin
I'm ready for breakfast  , breakfest , oktoberfest Cheesy
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Everyone ready for Launch? Lunch? Luaunch? Grin
legendary
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 238
Merit: 100


Not healthy orderbook.



Healthy orderbook.

If we are going to break 145 im buying back in with pretty hugh loss, otherwise im waiting and after next buy im moving to bitstamp.

Adam, you should edit the title to "Wall Observer - wall movement tracker - not so HARDCORE".
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