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

[Videodrome]

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...

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[Amph]

well the other exchange reflect the true value anyway, even if the demand was artificially increased by their faked pump, the demand adapted to it

anyway anything that can increase the bitcoin value it's a good thing

[CIYAM]

I doubt any other Bitcoin exchange is being *regulated* when it comes to their BTC trading either so if you think you really are getting "more honest figures" from other exchanges you should consider the fact that they could simply create their own trading accounts that are paying the fees to themselves and manipulate their volume just as much.

At least the Chinese exchanges "don't pretend".

Unless all the exchanges openly disclosed everyone's account details (which they wouldn't and shouldn't of course) then you can never trust their "books" to be honest (as none of them are being properly audited).

[Videodrome]

I doubt any other Bitcoin exchange is being *regulated* when it comes to their BTC trading either so if you think you really are getting "more honest figures" from other exchanges you should consider the fact that they could simply create their own trading accounts that are paying the fees to themselves and manipulate their volume just as much.

At least the Chinese exchanges "don't pretend".

Unless all the exchanges openly disclosed everyone's account details (which they wouldn't and shouldn't of course) then you can never trust their "books" to be honest (as none of them are being properly audited).

Thanks for the professional answer that you gave me,

I hope that one day this will be adjusted in some way!

[calkob]

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...

How do you work this out, any proof for your serious claim's?

[zimmah]

Oh look, a bear in denial.        

Fake volume or not, the price is rising, the amount of transactions and the amount of wallets are rising too.      

Bitcoin is growing, deal with it.     

It won't ever stop growing until a large part of the world uses it. We aren't even close to that point.

[Videodrome]

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...

How do you work this out, any proof for your serious claim's?

No proof, but with no rules or control on chi exchanges scrypt (the US and EU exchanges have rules)  it is almost impossible that they do not fake the bid/ask walls..

[The Sceptical Chymist]

Well I am paying an ever-increasing price for btc, so that's definitely real.

Yeah, it seems everything that comes out of China is fake.  It would not surprise me if your hypothesis were true, though it doesn't seem you have evidence for it.  It kinda reminds me of Mt. Gox right before they Goxxed.  In that case, though, the huge premium on Gox was b/c of the huge risk of trading there.  Nice, steady climb is what we need and go screw the bears.

[Mark Frappeles]

Yes, they are suspicious.

But price is increasing, so even if it is fake, I wouldn't complain.

If it is fake, I hope they do better than Goxand don't implode

[jaysabi]

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...

By "traffic" I'm assuming you mean trading volume. Even if the volume is false, the price is still based on buying pressure and selling pressure. If the volume is fake on the Chinese exchanges, it shouldn't matter to any other exchange, because the buyers and sellers who make up the price aren't operating there, and those exchanges have no power to fake data on any other exchange.

[johnyj]

Might be driven by large capital fleeing china

[Pab]

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...

Chinise are  risking prisoning for any financial fraud including  btc  fraud

[knowhow]

They have the biggest mining companies there running soo all beneficts when the price goes up,because there isnt nothing new to make the currently price stand or the last pump from 300 to 400 soo ,call it profit from the mining companies,100 dollars unit sure make diferent when you mine.

[Slark]

Unless someone will get scammed by them, won't get coins or money I don't have any problem with their 'fake volume' or users traffic.
It is not that you can determine the volume of ANY  bitcoin exchange anyway.

[quentincole32]

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...

how can you said like that?if that was true,so i have been manipulate when i sell bitcoin,and so some exchange or market who make OK Coin,Huobi and other as stndard of price also manipulated the price?
anyway,you are right,its benefits for me and everyone sell bitcoin.

[dothebeats]

Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

[erwin45hacked]

I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

There is no trading fees there, collectively someone with hundreds of btc could just buy and sell the bitcoin to make it looks like the number of volume is moving fast. Also there has been accusation of them faking volume from the inside before. it is just some code to mess to make the number moving faster anyway

[amacar2]

I also doubt about that, they may be creating fake trading volume. But how to show proof of that, so we have to enjoy rise of price and try our best to be in safe side.

[bryant.coleman]

I also doubt about that, they may be creating fake trading volume. But how to show proof of that, so we have to enjoy rise of price and try our best to be in safe side.

I never use any of these exchanges located in Hong Kong or China. If the owner of the exchange runs away after stealing the coins of his customers, then there is no chance that you will get any of your coins back. The Chinese officials would tell you that they will not be able to help, as Bitcoin exchanges are banned in that country.

[CIYAM]

The Chinese officials would tell you that they will not be able to help, as Bitcoin exchanges are banned in that country.

As that is not the case I would be surprised if they would say that (not that you would necessarily get any help if a Chinese exchange went belly up though either).

You do realise that in mainland China you can transfer RMB to and from exchanges such as BTCC directly from your bank account (and that this has been the case for quite a while now)?

Also you should realise that mainland laws do not apply to Hong Kong (nor vice versa). For all general purposes Hong Kong is still a separate country (you might want to read about the "one country two systems" stuff if you think that mainland officials have any say over the laws and there enforcement in Hong Kong).