Gox gone, China gone, we need a new beacon exchange...

[ehoffman]

So, with China now going down, I think it's time Bitcoin exchanges ecosystem settle for a new reference.  Who could it be?

We need a Bitcoin-friendly country.  Why not Canada? :-)  And now with Jim Flaherty gone, we may at least have another break on Bitcoin pressure... 

[cbeast]

China still has 4x the volume of the other major exchanges. Please stop the FUD.

[cbeast]

China still has 4x the volume of the other major exchanges. Please stop the FUD.

The fact that China still got that much more volume is some serious, justified FUD in itself.

How do you figure? Increased volume is greater interest. You don't have sellers without buyers. So more selling means more buying. That's not FUD. If anything, it's Bitstamp users in the West that are panicking by having fewer buyers at the low prices.

[dropt]

China still has 4x the volume of the other major exchanges. Please stop the FUD.

The fact that China still got that much more volume is some serious, justified FUD in itself.

How do you figure? Increased volume is greater interest. You don't have sellers without buyers. So more selling means more buying. That's not FUD. If anything, it's Bitstamp users in the West that are panicking by having fewer buyers at the low prices.

You've been here long enough to know that volume on a 0% fee market is next to useless.  Buy/Sell to yourself as fast as the trading engine can handle, bang-o, super volume!