Bitcoin Forum

Economy => Service Discussion => Topic started by: zeroday on October 22, 2013, 02:48:15 PM



Title: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: zeroday on October 22, 2013, 02:48:15 PM
Daily volume stats at the moment

MarketVolume (24h)
btcnCNY51,757.66 BTC
bitstampUSD38,301.34 BTC
mtgoxUSD28,100.65 BTC
btceUSD29,601.48 BTC


As far as I know - Chinese are very venturous people.
Fasten your belts  ;)


Title: Re: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: Miz4r on October 22, 2013, 02:51:44 PM
According to http://bitcoincharts.com/markets/ past 24h volume is:

btcnCNY - 54,614 BTC
bitstampUSD - 39,881 BTC
mtgoxUSD - 32,090 BTC
btceUSD - 13,087 BTC


Title: Re: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: zeroday on October 22, 2013, 02:54:50 PM
Yes, just gained 3K in a few minutes.


Title: Re: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: Grinder on October 22, 2013, 07:29:18 PM
Total market share the last 24 hours for all currencies, only the largest exchanges:

     btcn: 34%
 bitstamp: 26%
    mtgox: 24%
     btce:  8%
 localbtc:  1%
    btcde:  1%
 bitcurex:  1%


Title: Re: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: tvbcof on October 23, 2013, 01:41:07 AM

I boldly predict that Bitcoin will become a 'Chinese thing.'  It will be mined, traded, and used mainly in China and controlled mainly by Chinese people.  Further that the shift could occur quite rapidly, and we might even be seeing that as of the last few weeks.  Non-Chinese will want to have Bitcoin and will be able to, but the center mass of the ecosystem and the driving forces shaping it will originate in China.

My prediction is contingent on the Chinese government being somewhat tolerant of Bitcoin.  I've never felt that that was likely and I've been surprised to see that scenario taking shape.  There are some strategic reasons for the Chinese government to adopt this strategy, but I did not believe that they would be recognized at all, much less chosen over the more natural authoritarianism reflexes that the government is infamous for.

Distributed crypto-currencies generally, and Bitcoin in particular if it retains it's first contender advantage, have the potential to be highly disruptive technologies.  From a geo-political frame of reference it does make some sense to attempt to harness them and having the center-mass be citizens living under one's own regime is probably the best hope to accomplish this.  One way or another it will be a sharp knife to handle and one which could very easily cut the possessor.

If my prediction takes shape and most of the full clients which actually define how the solution works are operated in China, it will be they who decide how the system operates.  I'll be deeply interested if they choose to unlimit the block size and move toward 'supernodes', or keep the size limited and try to retain the distributed nature of the solution.



Title: Re: BtcChina - beat MtGox in daily volume = 51K BTC and counting
Post by: tvbcof on November 04, 2013, 09:34:11 PM

Whoever at the price set at 1414.14 a bit ago when I looked had a funny sense of humor.

As I understand things, that translates to 'will die will die. will die'