Bitcoin Forum

Bitcoin => Press => Topic started by: jdebunt on June 05, 2016, 08:32:23 AM



Title: [2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers
Post by: jdebunt on June 05, 2016, 08:32:23 AM
On the Chinese side of the scale, trading volume has been slightly dipping compared to a week ago. However, there is still over 750,000 BTC traded on a daily basis, which is far more than all of the other markets combined. Moreover, over the past 24 hours, nearly 1 million Bitcoin has been traded against in CNY markets.

http://themerkle.com/chinese-24-hour-trading-volume-nears-1m-bitcoin-as-price-recovers/


Title: Re: [2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers
Post by: aoihs00 on June 05, 2016, 08:34:02 AM
China actually move more than 90% of btc... I hope is a good sign!


Title: Re: [2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers
Post by: aso118 on June 05, 2016, 09:07:39 AM
These trading volumes are unreliable. With 0% transaction volumes, a couple of people can generate volumes of 1m (at no cost) by trading amongst themselves.


Title: Re: [2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers
Post by: 1Referee on June 05, 2016, 11:13:09 AM
These trading volumes are unreliable. With 0% transaction volumes, a couple of people can generate volumes of 1m (at no cost) by trading amongst themselves.

Nothing new. This has been happening for more than a year now. But then again, not only Chinese exchanges are doing this. Basically every decent exchange is trying to make its volume look higher than it in reality is.


Title: Re: [2016-06-05] Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers
Post by: hv_ on June 05, 2016, 08:08:48 PM
Chinese just know how to attract business: with low fees....