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Author Topic: Coinbase is now the biggest western exchange after asia...  (Read 2382 times)
uvt9
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February 28, 2015, 08:36:15 PM
 #21

I have never heard about #3, #4, #5 and #8, #9. How the hell these chinese exchanges got so much volume ? I know they have no fee but ridiculously high volume cannot be justified by this reason.
D05GTO
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February 28, 2015, 08:41:45 PM
 #22

Sure you can. Just swap 10 btc back and forth a million times.  Boom.. giant volume for doing nothing but passing the same few btc to themselves.


 
 
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PolarPoint
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February 28, 2015, 09:03:38 PM
 #23

All those chinese exchanges are faking their volume ... aka buy and sell to themselves....

Agree. They have 5 exchanges with volumes at multiples of coinbase, it is ridiculous. I like to see their real volume if they increase fees to 0.1%.
MilesJohan
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February 28, 2015, 10:49:36 PM
 #24

maybe coinbase will change their plan and charge no fees in 2015? maybe  Wink

I doubt that will happen. Even they need money to run their business.

MileyJohanson
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February 28, 2015, 11:26:53 PM
 #25

Chinese exchanges are on steroids. Man, what is up with their volume?

I know they don't charge anything for trading but it looks quite surreal.
bitgeek
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March 01, 2015, 12:40:34 AM
 #26

Chinese exchanges are on steroids. Man, what is up with their volume?

I know they don't charge anything for trading but it looks quite surreal.

They were already accused of faking it. http://www.coindesk.com/reality-chinese-trading-volumes/
Even if some of the exchanges are doing it China has a significant lead and most of the volume is real. A lot of trades in there.


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tss
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March 01, 2015, 06:29:06 AM
 #27

robots, price manipulation, selling to the people coins that dont exist and buying them back for lower prices.  all these things will be cleared up with time. 
justmyname
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March 01, 2015, 06:48:40 PM
 #28

Coinbase charges me about $10 extra every time I buy Bitcoins. The Banks get something also. So no, I don't think they are doing me any favors and should raise fees.
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March 01, 2015, 07:28:59 PM
 #29

Perhaps that is why Coinbase is doing so well these days. They are charging an arm and a leg.
LiteCoinGuy (OP)
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March 04, 2015, 06:21:57 PM
 #30

maybe coinbase will change their plan and charge no fees in 2015? maybe  Wink

I doubt that will happen. Even they need money to run their business.

you can make money with extra / premium services or advertising as well.

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