Ok Coin , Huobi and other chin exchange..they are cheating all of us.

[mayax]

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

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[jaysabi]

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

They may not be registered exchanges, but they can still be prosecuted for fraud in the US, and it is also illegal to run an unregistered securities exchange. Being not regulated is not a license to do whatever you want; you still can't break the law. That's why you're seeing US-based exchanges registering with regulators. It's only a matter of time before foreign-based exchanges have to register too with their local jurisdictions, and a giant scandal by one of these Chinese firms would hasten the process.

[mayax]

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

They may not be registered exchanges, but they can still be prosecuted for fraud in the US, and it is also illegal to run an unregistered securities exchange. Being not regulated is not a license to do whatever you want; you still can't break the law. That's why you're seeing US-based exchanges registering with regulators. It's only a matter of time before foreign-based exchanges have to register too with their local jurisdictions, and a giant scandal by one of these Chinese firms would hasten the process.

Agree with you. IN EU is the same law. You have to be financial licensed if you want to exchange or issue e-currency. The EU exchangers are breaking the laws too(those without financial license). Bitstamp is one of them.They have fake volumes too.

As I said before, there are not exchangers without fake transactions because the people won't use them.
The average clients are thinking like "if this exchanger has so many transactions, it's good.let's put some money in it "

Again, there is a HUGE volume of fake transactions. Look yourself to BTC China or Bitfinex; order after order(robot after robot)

[Intristing]

Agree with you. IN EU is the same law. You have to be financial licensed if you want to exchange or issue e-currency. The EU exchangers are breaking the laws too(those without financial license). Bitstamp is one of them.They have fake volumes too.

As I said before, there are not exchangers without fake transactions because the people won't use them.
The average clients are thinking like "if this exchanger has so many transactions, it's good.let's put some money in it "

Again, there is a HUGE volume of fake transactions. Look yourself to BTC China or Bitfinex; order after order(robot after robot)

Do you think Gemini has fake volume too? It is a regulated exchange in New York. Would it take the risk.

[yenxz]

Another post about fake volume and bitcoin price,this is just make me confuse,i dont know what the effect of this fake price or volume,but i think its not matter for me and for us maybe,anything make bitcoin increase is good,thats right.

[mayax]

Another post about fake volume and bitcoin price,this is just make me confuse,i dont know what the effect of this fake price or volume,but i think its not matter for me and for us maybe,anything make bitcoin increase is good,thats right.

the market manipulation is not good, dude

that means the ones who are going the price up, they can make the price to be down...and they can. it depends on their interest. the whole BTC market is manipulated by the big players as I said before. who are these players? few big exchangers and the miners. who are behind them? SAME "investors", same people.  Make your researches and don't be fooled by the BTC media who are buzzing all day long that BTC is a god.

BTC media like Coindesk is owned by(YES), the same people who are owning Bitstamp or Bitfinex or Okcoin and others

everybody from this industry wants to earn money. nobody is working voluntary. when it's about money, the interests are coming.

[Pab]

Better think before posting,Chinise exchanges are only one what  take care of btc network
Now thanks to one of them btc has new nodes,number of btc nodes were  decreasing.
Read first post  after

Thay will be on all continents

http://www.coindesk.com/press-releases/btcc-deploys-100-full-bitcoin-nodes-across-five-continents/

[randy8777]

Better think before posting,Chinise exchanges are only one what  take care of btc network
Now thanks to one of them btc has new nodes,number of btc nodes were  decreasing.
Read first post  after

Thay will be on all continents

http://www.coindesk.com/press-releases/btcc-deploys-100-full-bitcoin-nodes-across-five-continents/

it's a good thing that they have added a good bunch of nodes. but all nodes are hosted on 1 single service instead of spreaded around the world to make the nodes widely spreaded. that's not really on all continents.

[EdenHazard]

so,why are you said that chinese BTC traffic is completely false?can you give me more concrete proof?and also i think its not important to me if they true cheat us about bitcoin price,because i know my country bitcoin market based on china bitcoin traffic.

[coinyard]

so,why are you said that chinese BTC traffic is completely false?can you give me more concrete proof?and also i think its not important to me if they true cheat us about bitcoin price,because i know my country bitcoin market based on china bitcoin traffic.

If you search the forum/internet, you will find many examples and evidence of the robots trading.

[traderbit]

So i think that chinese BTC traffic is completely false,the bitcoin that are on their sites are not real,they are present only on their systems, they do not really exist.

So all the pump of the last 2 month are fake, the price of BTC is in the hands of these scammers with no regulation.

no one says anything, perhaps because it benefits everyone this fake bull...

China has the most volume of bitcoin, so it is normal for chinese exchanges to have the largest volume of bitcoin, there are lots of automated bots which do trade 24/7

[yohanip]

The blockchain are there for anyone to see or investigate such thing right?
that is one big public ledger we have there..

[lethalethereal]

So i think that chinese BTC traffic is completely false,the bitcoin that are on their sites are not real,they are present only on their systems, they do not really exist.

So all the pump of the last 2 month are fake, the price of BTC is in the hands of these scammers with no regulation.

no one says anything, perhaps because it benefits everyone this fake bull...

finance "real" wall street however is not a big scam? Yet it continues for 100 years

[mayax]

So i think that chinese BTC traffic is completely false,the bitcoin that are on their sites are not real,they are present only on their systems, they do not really exist.

So all the pump of the last 2 month are fake, the price of BTC is in the hands of these scammers with no regulation.

no one says anything, perhaps because it benefits everyone this fake bull...

China has the most volume of bitcoin, so it is normal for chinese exchanges to have the largest volume of bitcoin, there are lots of automated bots which do trade 24/7

Remember that the China gov has banned all the financial companies to deal with transactions related with BTC. So, all the banks from China are banned to deal with exchangers or persons who wants to buy/sell BTC.

Is it not odd that China has the biggest volume? Also, is it not odd that OKCoin is the bigger exchanger when it's was proved(search on internet "Okcoin fake transactions") that OKCoin has fake transactions?
Of course, all the big exchangers have fake transactions. There is no doubt.

There will be no Bitcoin without these fake transactions. The people will not use an exchangers who has 100 transactions per day. It's a fact that too. They want to see millions transactions even they are fake.

There will be no new "investors" to put money in this game if an exchanger won't show them "hey, we have millions of transactions, look!". Anyway, these investors won't see any money back. It's an illusion.
Look to Coinbase. Do you think that this company survives with the fees they get from each transaction?

They have tens of people hired as staff all over USA; I think you can calculate how much is a decent salary in USA + taxes and so on. Remember,  that a good IT guy doesn't earn 3000 usd but much more.

Then it's coming the compliance dept(a lot of costs here too), rents for all the offices from USA where they have financial license, then lawyers (you cannot run a financial company with them), money for lobby, advertising, etc (many, many expenses).... They cannot cover them from what the company earns.

Also, the financial license costs A LOT(millions) per year. Coinbase survives because they find investors to pump up with money.Otherwise, they would be bankrupted.

[BellaBitBit]

I was under the impression that the majority of BTC goes through the Chinese and they are the largest percentage of holders.  Maybe it is possible that they have these kind of  numbers rather than it being rigged?  It seems whenever something goes on with China markets Bitcoin moves and moves quite a bit.  I was assuming this is natural.

[European Central Bank]

The stuff happening on the Chinese markets may be pretty crazy but I've never read about anyone who couldn't withdraw from them when they wanted to. I guess there's manipulation going on but the coins going in and coming out look real enough.

[lethalethereal]

The stuff happening on the Chinese markets may be pretty crazy but I've never read about anyone who couldn't withdraw from them when they wanted to. I guess there's manipulation going on but the coins going in and coming out look real enough.

Chinese stock market is on crisis, many big speculator short on this market and in europe market and in usa market because all market is full of money and is normal moment: now comes worse...

[coinyard]

The stuff happening on the Chinese markets may be pretty crazy but I've never read about anyone who couldn't withdraw from them when they wanted to. I guess there's manipulation going on but the coins going in and coming out look real enough.

Chinese stock market is on crisis, many big speculator short on this market and in europe market and in usa market because all market is full of money and is normal moment: now comes worse...

I think the world stock market was in trouble. It is not just the Chinese stock market. The first week is the worst for at least 10 years.

[Intristing]

I was under the impression that the majority of BTC goes through the Chinese and they are the largest percentage of holders.  Maybe it is possible that they have these kind of  numbers rather than it being rigged?  It seems whenever something goes on with China markets Bitcoin moves and moves quite a bit.  I was assuming this is natural.

The volume of the Chinese exchange compared to the number of bitcoins within the exchange is too high, it indicates volume rigging.

[mayax]

I was under the impression that the majority of BTC goes through the Chinese and they are the largest percentage of holders.  Maybe it is possible that they have these kind of  numbers rather than it being rigged?  It seems whenever something goes on with China markets Bitcoin moves and moves quite a bit.  I was assuming this is natural.

The volume of the Chinese exchange compared to the number of bitcoins within the exchange is too high, it indicates volume rigging.

indeed. what's strange is that nobody is taking action against this thing. it's a clear way of market manipulation but the whole BTC media is keeping the mouth shut.