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Author Topic: Exchange volume distribution. BTC belongs to China  (Read 3677 times)
Hirose UK
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May 01, 2016, 02:25:05 AM
 #41

Lots of fake volumes, fake tradings, fake pump/dump and fake hype Roll Eyes
Don't ever look at china exchange to see bitcoin price or trends, better see other exchange.
lol, it lools like china often produces fake stuff.

I'm just interested in the free fees. is that one of marketing strategy to invite customers or it's another fake one?

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mayax (OP)
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May 01, 2016, 02:58:41 PM
 #42

the most worried thing is that "nobody" cares about that Smiley
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May 01, 2016, 03:33:56 PM
 #43

the most worried thing is that "nobody" cares about that Smiley

That is a lit bit worrying, since it should be decentralized. but then again china hold real large positions in the bonds market too. so not quite something bad right?
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May 01, 2016, 06:04:46 PM
 #44

the most worried thing is that "nobody" cares about that Smiley

That is a lit bit worrying, since it should be decentralized. but then again china hold real large positions in the bonds market too. so not quite something bad right?

what does have the bonds market with the niche BTC market? Smiley   " it should be decentralized" but it's not. the exchangers are "centralized" and i don't see any small effort from companies to develop something decentralized. it's obvious why Smiley
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May 01, 2016, 06:07:52 PM
 #45

Roundeye!
All your coin are belong to us!
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May 01, 2016, 06:44:12 PM
 #46

Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.
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May 01, 2016, 10:07:16 PM
 #47

Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.


they can "beat" them if they create a bot who can make more fake transactions than theirs Smiley
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May 02, 2016, 12:14:11 AM
 #48

Is it really free, from web site, it is .2 percent.
If I can exchange Bitcoin and USD fro free, I will open an account there.
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May 02, 2016, 05:08:55 AM
 #49

I would not entirely trust the statistics the Chinese exchanges are giving out because they tend to present a lot of fake numbers to generate more activity than there is. Yes it's true that the Chinese mining farms have most of the hashing power but that is so because of the cheap price of electricity and the fact that all the manufacturing plants of ASIC's and stuff are already in China so they are getting new hardware for pennies on the dollar. But that does not exclude the possibility that the Chinese are lying through their teeth about the trade volume right?
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May 02, 2016, 05:27:22 AM
 #50

The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, then it can be seen that the maximum exchange volumes are from the United States. China will be in the 3rd or 4th position (behind the European Union, and possibly Russia).
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May 02, 2016, 10:28:06 AM
 #51

The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, then it can be seen that the maximum exchange volumes are from the United States. China will be in the 3rd or 4th position (behind the European Union, and possibly Russia).

rigged in this case means price manipulation; BIG manipulation which is illegal in a normal industry Smiley
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May 03, 2016, 01:54:28 AM
 #52

The Chinese volumes are rigged. Most of the exchanges offer near-Zero fees, and therefore the users tend to indulge in a lot of margin trading. If you exempt the margin trading volumes, < >
Perhaps "margin trading" is not the phrase you were looking for?
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May 16, 2016, 10:11:53 AM
 #53

Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.


keep in mind that China gov banned all the banks to work with BTC companies.

The question is : how is it possible to the chinesse exchangers to own over 97% from BTC trading while the ban is enforced? Smiley
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May 16, 2016, 10:31:05 AM
 #54

The thread about Bitcoin is dead explains the whole situation a bit better. I really hope that this changes and Bitcoin goes back to what it used to be when it was starting out. (but not the price)
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May 16, 2016, 10:39:59 AM
 #55

I think the chart is not correct, i dont believe that chart at all, and i dont think that is possible at all, bitcoin is used globally, every minutes people keep on exchange it, so its impossible china can monopolize the chart


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May 16, 2016, 02:07:58 PM
 #56

the most worried thing is that "nobody" cares about that Smiley
correct,as long we dont get any bad effect from that,we still no worry about that. china is big country with bigpopulation,its no wonder if china have big bitcoin distribution,exchange and bitcoin user is better on china,but i dont think its will become big matter for bitcoin circulation.
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May 16, 2016, 02:52:17 PM
 #57

I know it's a fake volume, but still counts...
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.

So, fake or not, they counts(at least for a trader)
mayax (OP)
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May 17, 2016, 12:14:00 AM
 #58

I know it's a fake volume, but still counts...
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.

So, fake or not, they counts(at least for a trader)

of course, it counts. it's called price MANIPULATION.

someone said "  I think the chart is not correct, i dont believe that chart at all, and i dont think that is possible at all"


Well, according to ALL the charts from all the websites, OKCOIN has over 90% from trades and China has aprox 96% from trades overall Smiley

https://bitcoinity.org/markets/list

http://bitcoincharts.com/charts/volumepie/

IF these charts are fakes then everything related to Bitcoin is fake because these charts reflect the BTC price as well.

So, how are the things going? Smiley
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May 17, 2016, 02:18:05 AM
 #59

I expect most sites listing bitcoin pricing are perfectly aware of the situation with Chinese exchanges, and handle it in a manner similar to Coinmarketcap.com:
http://coinmarketcap.com/currencies/bitcoin/#markets

Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!



#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   Poloniex   ETH/BTC   $ 18,713,500   $ 454.20   31.37 %   Recently
2   Kraken   ETH/BTC   $ 5,737,290   $ 454.20   9.62 %   Recently
3   Bitfinex   BTC/USD   $ 4,113,790   $ 453.53   6.90 %   Recently
4   OkCoin Intl.   BTC/USD   $ 3,588,240   $ 452.65   6.02 %   Recently
5   Kraken   BTC/EUR   $ 2,846,940   $ 453.96   4.77 %   Recently
6   Coinbase Exchange   BTC/USD   $ 2,720,390   $ 456.00   4.56 %   Recently
7   BTC-E   BTC/USD   $ 2,331,790   $ 452.30   3.91 %   Recently
8   Bitfinex   ETH/BTC   $ 2,122,840   $ 454.20   3.56 %   Recently
9   Bitstamp   BTC/USD   $ 1,603,690   $ 453.60   2.69 %   Recently
10   itBit   BTC/USD   $ 1,311,060   $ 452.74   2.20 %   Recently

Luke 12:15-21

Ephesians 2:8-9
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May 17, 2016, 02:57:24 PM
 #60

I expect most sites listing bitcoin pricing are perfectly aware of the situation with Chinese exchanges, and handle it in a manner similar to Coinmarketcap.com:
http://coinmarketcap.com/currencies/bitcoin/#markets

Notice that all the fee-free Chinese exchanges are listed down at the bottom (starting at #87 on the list as of this moment) - and right now, Chinese exchanges are only represented by OKCoin in #4, out of the top 10!



#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   Poloniex   ETH/BTC   $ 18,713,500   $ 454.20   31.37 %   Recently
2   Kraken   ETH/BTC   $ 5,737,290   $ 454.20   9.62 %   Recently
3   Bitfinex   BTC/USD   $ 4,113,790   $ 453.53   6.90 %   Recently
4   OkCoin Intl.   BTC/USD   $ 3,588,240   $ 452.65   6.02 %   Recently
5   Kraken   BTC/EUR   $ 2,846,940   $ 453.96   4.77 %   Recently
6   Coinbase Exchange   BTC/USD   $ 2,720,390   $ 456.00   4.56 %   Recently
7   BTC-E   BTC/USD   $ 2,331,790   $ 452.30   3.91 %   Recently
8   Bitfinex   ETH/BTC   $ 2,122,840   $ 454.20   3.56 %   Recently
9   Bitstamp   BTC/USD   $ 1,603,690   $ 453.60   2.69 %   Recently
10   itBit   BTC/USD   $ 1,311,060   $ 452.74   2.20 %   Recently

please read again and you will notice that the chinesse exchangers are on top with over 90% CNY and USD from market.
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