The myth of "fake volume" is commonly repeated because it helps hide the unpleasant fact that the price is sustained at the current levels only by the Chinese traders, and its future is entirely at their mercy. Obviously, that fact would make bitcoin-backed funds very hard to sell.
You get the idea. That is why OKCoin and Huobi must be declared irrelevant and omitted from any statistics.
You get the idea. That is why OKCoin and Huobi must be declared irrelevant and omitted from any statistics.
I'm not sure what your trying to say here. But I think the Chinese exchanges don't really represent new money. If there are trades going on then I think it's just trading the same coins back and forth and selling mined coins.
I looked into the add funds section of these sites and there seem to be very few people selling coins for rmb. A few months ago there were dozens of people acting as agents to sell coins and even people selling on TaoBao but now there are only a couple of sellers so I don't think there's really a lot of new money coming in from China.