Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?
Gox volume is 100% real. China is not.
A 10k sell is nothing to scoff at.
why is China volume not real?
no trade fee
ahhhhh ok
There is real volume in China. The daily trade volume is higher than there would be if there were fees, no doubt. It is impossible to know how much effect it has overall. The "fake volume" crowd is just grasping at straws to try and talk the price down. I hope they keep doing it, we need people to temper the market with FUD or exuberance would run away even worse.
tl;dr It would be really stupid to assume there is no demand for BTC in China . . .
nobody said there was no demand
if you can sell coins to yourself at no charge and paint the tape however you like what do you think you are going to get?
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