Bitcoin Forum

Did you see the charts? http://bitcoincharts.com/markets/btcnCNY.html

its going up.

the volume is monstrous.

they led us up last time, remember?

Will the Chinese be the ones that hold Bitcoin up?

Like dollars...they will be the ones holding the most bitcoins....perhaps they should convert their treasury holdings into cash then bitcoins?

True. It was the starting point. I guess it doesn't matter if we have a few big players or a lot of small players over there: if Bitcoin is catching on in China, we will have an exciting trip.

there have been alot of articles about how the Chinese elite are moving their money out of China to perceived safe havens.  Bitcoin has got to be one of them.

*looks at volume data* That's miniscule amounts of wealth for even one member of the Chinese Elite.

while usd has its overvalued pirate40 discussion, btcchina continues with normal trading... ;D

they're not going to move everything they have at once.  elites make it their job to know everything that's going on in the money world.  yeah, i think they'd take a flyer on several thousand Bitcoins but yes, its a process.

All the way up to 3.4K BTC.  That puts them in 4th for the day so far, although there several exchanges not far behind.

Yes, I meant compared to the average btcchina's volume.

I disagree. No matter how hard I tried, I could not find correlation between changes in price and media reports. It seems to me that the price is currently driven by a few speculators in conjunction with the herd mentality of small players (like myself). Add to it a pinch of random fluctuations, and you'll get a realistic picture.

If a major media outlet has published something, we'll know soon. But the last time we saw such high volumes there was no connection with the media.

the awareness cycles upwards.

this is just the start.

Can anybody advice how to find any official representative from btcchina here on forums?
I am interested to contact them in order to get access to thier orderbook api, if it exists to include CNY to bitcoin-analytics.com charts.

I already sent them email using address on thier website but nothing in return.

thank you indvance.

Exactly. I've been predicting a full blown frenzy into Bitcoin due an intensifying collapse in confidence of the world financial system for a while now - it looks like it has begun. Just wait until September when Europe is back from vacation and the shit really starts to hit the fan. September is THE month for banking crises, and I have a feeling that this September will make 2008 look like a blip.

Summer 2011 will look like a blimp to, know what I mean? know what I mean?

find bigpiggy01
https://bitcointalk.org/index.php?action=profile;u=16933

btc-e.com ? ;D

Looks like the same type of hack being used on BTC-e right now.

No, it doesn't. Their price has only gone up a little bit. They are just seeing some real demand. They have had similar volume spikes in the past.

Why so much exitment? It dosen´t seems to be a big ammount of buyers moving the trend. It´s true they are paying a 4% more than in MTGox as their site constantly monitors, but it´s normal in small markets, even if it´s big compared with other excahges, 20k are 20k everywhere. What aren´t I noticing?

all you need is just one or two Chinese billionaire get interested.... much better odds than Vegas or Macau.

The last trade 59.99 CNY or 9.40 USD @ 6.3795 USD / CNY

PMed U

look again; 60.5

FTFY

The spread between btchina and MtGox is not really that high. I have seen bigger spreads here in Canada with Virtex.

Yup this is nowhere near as mad as the last time we landed a whale :D

thank you, he already contacted me


answered

I am also interested in gathering orderbook depth for EUR exchanges: www.bitcoin.de and bitcoin-24.com.
Again on their website there is no api description.

Would be nice if someone can advice how to solve this question.