China volume last 24 hours

[doublemore]

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

[doublemore]

Am i the only one who think china exchange just raised their fake volume trading?
I think they did it because they saw other exchange's volume raised & saw bitcoin price raising up.

I can't believe china exchange's volume at all

If so of the volume is fake the overall volume is higher than normal, they are excited about or trying to push something.  Can only be positive.

[prodigy8]

It can be true but it can be also fake because they need to make profit.
We know that china has the largest bitcoin mining farms and maybe all wanted to trade at the same time.
They need to pump the price to make good profit so who knows what is happening there.

[randy8777]

okcoin and huobi volumes are obviously fake. don't think there is any reason for them to generate a week worth of volume in just 1 day. it's just ridiculous.

[BitMaxz]

Oh men in one day china is more shares than the other. China has a largest mining of bitcoin. maybe he share some profit. china has low electric current cost...

[tarmi]

yeap, classic bs from china. If I were to guess I would say that exchange operators took big and high interest BTC loans from big mining entities* and now are trading back and forth.

Complete bs with shadow books and orders.

Also, they want to keep the price as high as possible for the auction. No cheap coins for new entities in the system.



*look for ones that are selling new mining gear.

[pooya87]

Am i the only one who think china exchange just raised their fake volume trading?
I think they did it because they saw other exchange's volume raised & saw bitcoin price raising up.

I can't believe china exchange's volume at all

there is always the possibility of all kinds of shenanigans going on in the exchangers. but this time it might be because of the recent price rise, maybe they are preparing for a bigger rise in the future.

on the other hand there always was talk about bitcoin regulation in china maybe something is about to actually happen now.

[tarmi]

Karpeles at least had the decency to fabricate gox accounts, make the orderbook/buys visible. Chinaman does not give a fuck.

All the trades and buying are off the book.

[Dilla]

Yet people say Gemini has controlled the price recently..

[gentlemand]

Yet people say Gemini has controlled the price recently..

It's going to be a long old time before that happens but perhaps one day it will be the daddy. It may be run by douches in deck shoes but that's preferable to some weirdo in a Chinese tower block deciding to crank up the volume dial because it gives him a semi.

[dothebeats]

Another fake volume bs from Chinese exchanges. How come they are able to generate such volume in a short span of time? I doubt that there is that much action going on in the Chinese scene. If so, we should be seeing an increase by now.

[Dilla]

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

[SnokkomBTC]

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

Willy Bot 2.0 !! 

[Dilla]

Wouldn't surprise me...

[Amph]

Yet people say Gemini has controlled the price recently..

i think they were referring to the hype around it, not certainly the volume

i'm surprised that bit-x is in top 10, i didn't expect it to be so popular, that's good

[pereira4]

It can be true but it can be also fake because they need to make profit.
We know that china has the largest bitcoin mining farms and maybe all wanted to trade at the same time.
They need to pump the price to make good profit so who knows what is happening there.

Well this should be fairly easy to see. I think that exchanges have certain recognizable patterns or used to. Maybe they have improved it but last time I checked they had addresses that repeated, so it would be a matter of making a sum of all the inputs. Anyway if it's real it's a shitton of money, it's a bit hard to believe that 1 million BTC got moved in a day, but maybe whales are starting to take positions for the next rally.

[Hunyadi]

[Mickeyb]

Well in all honesty, nobody can know this for sure! Since they don't charge any trading fees, they are pretty much allowed to do whatever they want. There are surely some bots deployed, but how much are they faking, that only know the exchange operators!

[svein]

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?

[Dilla]

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?

I think it's too early, but who knows, everyone may be trying to get in sooner/cheaper than the next guy.