Lee said: "There is a lot of mining that goes on in China. However, I caution you: do not read too much into the high trading volumes. China has decent high volumes but unfortunately two of my competition exchanges - I never like saying this - but they are artificially inflating their volumes through the technique of wash trades.
Lee said Okcoin and Huobi are known for inflating trading volumes artificially, basically selling from left hand to the right hand.
"They use it for bragging purposes. They try to outdo each other. It's not regulated yet so they don't get slapped on the wrist for doing that. China does have big trading but we are not talking about orders of magnitude higher. If you were to believe the numbers you would think the world is 95% Chinese. http://www.ibtimes.co.uk/btcc-chief-bobby-lee-bitcoin-not-anti-bank-its-pro-innovation-1525964 |
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Lee said: "There is a lot of mining that goes on in China. However, I caution you: do not read too much into the high trading volumes. China has decent high volumes but unfortunately two of my competition exchanges - I never like saying this - but they are artificially inflating their volumes through the technique of wash trades.
Lee said Okcoin and Huobi are known for inflating trading volumes artificially, basically selling from left hand to the right hand.
"They use it for bragging purposes. They try to outdo each other. It's not regulated yet so they don't get slapped on the wrist for doing that. China does have big trading but we are not talking about orders of magnitude higher. If you were to believe the numbers you would think the world is 95% Chinese. http://www.ibtimes.co.uk/btcc-chief-bobby-lee-bitcoin-not-anti-bank-its-pro-innovation-1525964soviel zum thema china-umsätze |
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if china is irrelevant (which is possible imo) then MMM is also irrelevant as the trades are being done on chinese exchanges
fake trades maybe happen in china, but withdrawals happen in the west. ahh i see so if MMM buys bitcoin somewhere its fake and if it sells its real. lol! remarkable logic you have there. |
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if china is irrelevant (which is possible imo) then MMM is also irrelevant as the trades are being done on chinese exchanges
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whats now with this MMM thing? last rumor was its "paused" ...
It´s paused. The Monday the pump will continue. thats all we need to know. |
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whats now with this MMM thing? last rumor was its "paused" ...
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funny to see how the volume at gemini completely dies at the weekend
They're all celebrating at their Hamptons beach houses after making figures of up to $1000 this week trading BTC there. they had nearly 2000 BTC daily volume this week, not that bad. |
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funny to see how the volume at gemini completely dies at the weekend  |
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Wow, did anyone else just see that 500 BTC sell on bitstamp? This is going to get rediculous, hopefully we can get a stable footing soon... just not so sure about this rise any more...
oh there were several 900 sells |
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miners have to unload at some time of the day
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speaking of bears, were is tarmifart? been pretty silent lately. i guess he is obv long and will go short at the very top.  |
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the return of the choochoo
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this little rally wont stop until we see some final bear capitulation
maybe a runup to 360$ and following decline to 280$ ?
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finex did not even reach 300.. big 3k wall there now.
putting some shorts on, see you at 280.
 oldies but goldies |
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BTC at its low and going down, $267.3 . Is it time for the next dump yet?
just a little correction. Will go up upcoming weeks. Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks. |
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correction to 300$ imminent?
yes for whatever reason buying pressure stopped about $333. Its already down to $318 and nearly the $313 it opened at today. We may see a lot bigger drop than to $300 - as in low 200s as all those that rushed in rush right back out.  |
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correction to 300$ imminent?
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