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1  Bitcoin / Bitcoin Discussion / China thoughts and data. Much more impact than we think?! on: September 09, 2017, 08:23:28 PM
So I've been doing some research today on the current markets and everything that is going on. I know a lot of us are very positive about BTC and other cryptos ability to bounce back but the evidence I've found has certainly concerned me a little.

Firstly, over the past two years from the data I've found China appear to have been BY FAR the largest traders. Now I'm not sure how accurate this data or website is but it's certainly alarming to look at the volume of business going on within these exchanges.

Exchange   Volume BTC   Market share
 okcoin   535M   39.79%
 huobi   503M   37.43%
 btcchina   215M   16.00%
 others   28.0M   2.08%
 bitfinex   15.9M   1.18%
 lakebtc   14.1M   1.05%
 bitflyer   9.78M   0.73%
 kraken   7.91M   0.59%
 bitstamp   7.83M   0.58%
 bit-x   7.61M   0.57%

https://data.bitcoinity.org

Secondly. Business is CNY within this 2 year time period is higher than all other currencies combined

CNY Markets

 btcchina   215M   17.07%
 huobi   503M   39.94%
 okcoin   529M   42.02%

Compared to USD markers

Exchange   Volume BTC   Market share
 bitfinex   15.9M   27.98%
 bitstamp   7.34M   12.94%
 coinbase   6.42M   11.32%
 okcoin   5.56M   9.80%
 bit-x   4.90M   8.64%
 others   4.37M   7.71%

And EUR markets

 kraken   5.99M   52.71%
 bit-x   1.93M   16.99%
 gatecoin   585k   5.15%
 coinbase   554k   4.88%
 others   515k   4.54%

My final thought is about the huge amount of BTC that was dumped yesterday compared to last week or any other dump.

I can't copy data of these results but in short. Trades went from an average of 5,000BTC per hour globally on Thursday to 47,500BTC per hour yestersday. Compare this to a peak of 25,00BTC during last weeks mini dump and we see something much bigger emerging.

Please note that these are just a few things I have found and I am simply sharing to find out peoples thoughts and feelings. I am in no way saying this information is reliable but I have provided a link above for you to look yourself. Also, I noticed that Bittrex, probably the largest USD and EUR trader is not included in their figures however I doubt they would make a huge amount of different to the overall numbers.

Let me know what you think, I welcome any discussion. I am fairly new to this space so am eager to learn and talk Smiley
2  Economy / Speculation / Have I missed something?? Markets tanked in minutes! on: September 08, 2017, 02:22:36 PM
Hey everyone, I'm new on here but have started investing in crypto recently and built up a nice (albeit small) portfolio.

Just noticed that pretty much everything has fallen 10-15% in literally a few minutes. I know the weekend and China announcement caused drops over the space of a day but this is insane. Maybe these things happen often on a Friday... Profit taking day etc, and they'll correct in the next hour or so as people buy in this huge dip.

I've not seen anything anywhere near this in the few months I've been trading. Have I just missed them previously or is something fishy going on?
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