China volume last 24 hours

[ssmc2]

We know what that can quickly lead to...


FOMO!

[Dilla]

We know what that can quickly lead to...


FOMO!

Imagine if all those institutions that were waiting for Gemini, like the Winklvii said, actually start a FOMO train, things could get wild.
Not probable, given the past two years of disappointment, but plausible.

[pooya87]

We are increasing... Volume goes both ways, buys and sells, right now, we have been having more buys;steady increase

halving pump starting to take form?

hmm.
i think it is way too soon for that. mostly people would accumulate at low prices and try not to push the price up to be able to get their hands on cheaper coins.
the effects are going to start at least at the beginning of next year.

[lexuz]

Pretty insane volume even by china standards, over 1 mil BTC traded global over last 24 hours

positive way has show in china market last day and i think it will increase again. maybe volume can touch over 2 mil trade in this week

We will see bitcoin to da moon

[toinew]

is that a bad news ? 

[1Referee]

is that a bad news ? 

Not really. It's more pathetic. I always consider Chinese exchanges volumes 10x lower than what they are. If they have a 24 hour volume of 500,000BTC I simply count it as 50,000BTC volume.

[doublemore]

We are increasing... Volume goes both ways, buys and sells, right now, we have been having more buys;steady increase

Willy Bot 2.0 !! 

If they can do it let um do it imo, shows what great opportunity there is in this market for bigger players to come in and control it.

[trinaldao]

Huobi market provide flexibility to you to borrow 3 times that of the total your balance, also he give 0% fee trade

I think chinese market is fake volume

[RealMalatesta]

is that a bad news ? 

Not really. It's more pathetic. I always consider Chinese exchanges volumes 10x lower than what they are. If they have a 24 hour volume of 500,000BTC I simply count it as 50,000BTC volume.

If this would be the case, the volume still would be impressive.

[mexxer-2]

You do know that china has ridiculously low fees right? They just shift the btc back and forth to make it seem as they are active.

[trinaldao]

You do know that china has ridiculously low fees right? They just shift the btc back and forth to make it seem as they are active.

Trader chinese make sell and buy with his self
So we should'nt calculate trading volume feom chinese market

[randy8777]

You do know that china has ridiculously low fees right? They just shift the btc back and forth to make it seem as they are active.

Trader chinese make sell and buy with his self
So we should'nt calculate trading volume feom chinese market

china has been known for their volume manipulation. it's nothing new, but people still get stunned when they see their beyond insane fake volumes.

[Omikifuse]

We are increasing... Volume goes both ways, buys and sells, right now, we have been having more buys;steady increase

Willy Bot 2.0 !! 

Willy bot 3.0, the 2.0 version was used by the chinese to drive the prices as low as possible.

And I think the chinese had more influence in the Gox bubble than the Willy bot itself, but I have no proof

[Amph]

is that a bad news ?  

Not really. It's more pathetic. I always consider Chinese exchanges volumes 10x lower than what they are. If they have a 24 hour volume of 500,000BTC I simply count it as 50,000BTC volume.

If this would be the case, the volume still would be impressive.

well 60% of miner are probably dumping their coins there causing the volume to increase(after a month you have 1800 x 30 = 54000 coins dumped, which is a big amount) more than any other exchange, it should explain it, even if we count the fake volume

[solid12345]

Willy bot 3.0, the 2.0 version was used by the chinese to drive the prices as low as possible.

And I think the chinese had more influence in the Gox bubble than the Willy bot itself, but I have no proof

If you consider logarithmic charts as a valid method of predicting future price, in theory Bitcoin should have made its massive rise in late 2013 regardless of the Willy bot.

I still say the effects/blame of the bot is overrated, ALL markets are manipulated to some degree, the excuse is "Well, Gox was making up 70% of the Bitcoin volume so it was easy to manipulate...", well guess what, all securities exchange on NASDAQ or the DOW are traded 100% there exclusively too, how easy do you think those are to control?

Did anyone see the massive red stick on Wal-mart's chart the other day? There is no way that wasn't influenced by one whale dumping & setting the chain in motion. But even with these whales making big moves it still takes hundreds of thousands, millions even of little fishies to be buying to make it work and sustain itself for months like the Bitcoin bubble. There were MANY people buying Bitcoin in the $1,000 range and they believed it at the time to be the price it was worth. Of course we saw the price drop later due to market fears over potential China Bitcoin ban, Gox's collapse, etc.

Personally i'm praying this is the start of the next bubble because I believe this time it won't fizzle out so quick now that we have more legit exchanges and individuals in control of Bitcoins destiny now.

[pliv84]

Something is definitely going on in China. FiatLeak.com is going crazy:

http://fiatleak.com

Watching it for all of 3 minutes, 77 bitcoins flowed into the US, while 780 bitcoins flowed into China! And, it's the middle of the night there.

I wonder what is going on. Certainly hope this is the start of the next bubble : )

[solid12345]

Something is definitely going on in China. FiatLeak.com is going crazy:

http://fiatleak.com

Watching it for all of 3 minutes, 77 bitcoins flowed into the US, while 780 bitcoins flowed into China! And, it's the middle of the night there.

I wonder what is going on. Certainly hope this is the start of the next bubble : )

What would be ironic is instead of crypto being a liberator of humanity, the Chinese government was prepping to use Bitcoin as a base for their "citizen scoring" system they are developing!

[RKing]

is that a bad news ?  

Not really. It's more pathetic. I always consider Chinese exchanges volumes 10x lower than what they are. If they have a 24 hour volume of 500,000BTC I simply count it as 50,000BTC volume.

If this would be the case, the volume still would be impressive.

well 60% of miner are probably dumping their coins there causing the volume to increase(after a month you have 1800 x 30 = 54000 coins dumped, which is a big amount) more than any other exchange, it should explain it, even if we count the fake volume

The daily mined coins are only 3600, way below the 1.0 million volume in the first two Chinese exchanges.

When the transaction fee is 0%, the volume is suspicious.

[Fontas Returns]

I think this is driven by loss of confidence in the yuan more than Americans/westerners realize. Americans are still addicted to their delusions of a "strong dollar". It's hard for them to imagine the threat of their fiat going to shit. That's still out on the horizon for Americans, but for china, that reality is upon them. Think about it, if you had a couple million Yuan laying around would you want to be holding that bag right now?

[RealMalatesta]

I think this is driven by loss of confidence in the yuan more than Americans/westerners realize. Americans are still addicted to their delusions of a "strong dollar". It's hard for them to imagine the threat of their fiat going to shit. That's still out on the horizon for Americans, but for china, that reality is upon them. Think about it, if you had a couple million Yuan laying around would you want to be holding that bag right now?

Most currencies are per today a mere illusion of value. But it is sometimes really funny when I have guests from the US in Europe. They come here with an attitude like in the 60s and think that the USD still is a currency with a high value - basically the center of the currencies universe. One waitress said it like this when a friend asked if he could pay with USD: "Keep your Mickey-Mouse-Money and pay with a real currency."