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Title: China Volume > USA Volume? Post by: R2Pleasent on December 26, 2013, 09:47:46 PM I am looking at the 24h volumes on http://btckan.com/price. Currently, the top three Chinese exchanges are:
- Huobi (116K BTC volume) - ChBTC (32.5K BTC volume) - FXBTC (25.1K BTC volume) Total: 173.6K volume in past 24 hours Now, let's compare to the top three USD exchanges: - Bitstamp (25.1K volume) - BTC-e (24.9K volume) - Mt. Gox (21.7K volume) Total: 71.7K volume in past 24 hours Based on these values, there is nearly 2.5x more volume on Chinese exchanges in past 24 hours than USD exchanges. Are these numbers correct? Title: Re: China Volume > USA Volume? Post by: Odalv on December 26, 2013, 11:22:43 PM If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself.
Title: Re: China Volume > USA Volume? Post by: Wilhelm on December 26, 2013, 11:29:25 PM Chinese trade faster :)
Title: Re: China Volume > USA Volume? Post by: yogi on December 26, 2013, 11:32:37 PM China > Europe > USA
Title: Re: China Volume > USA Volume? Post by: Boxman90 on December 26, 2013, 11:36:45 PM USA volume? USA? LOL.
Mtgox Japan Btc-e Bulgary Bitstamp UK/Slovenia Murrica. Title: Re: China Volume > USA Volume? Post by: TERA on December 26, 2013, 11:58:09 PM They call them "western exchanges" too...
Title: Re: China Volume > USA Volume? Post by: N12 on December 27, 2013, 12:02:17 AM We have no idea, really. Just keep this in mind: http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/
If the order book figures here (http://bitcoinity.org/markets/huobi/CNY) are correct, their volumes don't seem plausible to me. edit: Actually, that order book is just a small snapshot, so it's no evidence of faking. It's inevitable that it will become so sophisticated eventually that we won't be able to detect it anyway. Title: Re: China Volume > USA Volume? Post by: R2Pleasent on December 27, 2013, 12:33:51 AM If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself. I believe Huobi has transaction fees. Title: Re: China Volume > USA Volume? Post by: Boxman90 on December 27, 2013, 12:40:36 AM If I have 100 btc at exchange with no fee then I'll make volume 100k only by selling and buying to/from myself. I believe Huobi has transaction fees. Nope they don't. Noticed how BTCChina volume dropped like a rock richt after they introduced fees? Yeah. I don't trust chinese data for one moment. The only thing I trust is that suckers follow China 1:1. Good money. |