btc china fake volumes

[shinratensei_]

Its pretty widely known that most of the Chinese exchanges are faking volumes

Chinese fake everything.  They even fake baby formula and killed 6 babies.  They used fake melamine to trick the tests into looking like a quality product.  Not to worry that kids are dying, in China too many kids make it seem like a few lost won't be so bad.  

In China, faking shit is just normal.

The fake rice from plastic, That's the latest Chinese hot case in my environment.

Although the 0 fees will be supporting the rise of the fake volumes.

everything is fake.  

[maxxdxx]

I'd love to learn what the real Chinese market volume is.

[Ironsides]

These cunning Chinese trying to hide real volume so nobody knows what  is brewing

[talkbitcoin]

I'd love to learn what the real Chinese market volume is.

it certainly is more than western exchange's volume but not by the current amount they are reporting.

it is more only because of a couple of reasons. the most important reason is that they have 0 fee for trades which makes any kind of trade profitable.
also the other reason is that Chinese are known to be traders, and there are lots of them who are trading and that makes a bigger volume.

with that said i say it is only 20% more!

[Kprawn]

These cunning Chinese trying to hide real volume so nobody knows what  is brewing

No, you wrong. They have 0 trading fees, so they can go wild. People from other countries have to work in small percentages into their

trading calculations to make sure that they are actually making a profit. The Chinese can sell a few 1000 Satoshi's without having to worry

about these trading fees. Just imagine what the trading volume would be, if people could do the same in other countries.  The west is

profit driven, so we would always see trading fees on these exchanges.   

[QuestionAuthority]

I'd love to learn what the real Chinese market volume is.

it certainly is more than western exchange's volume but not by the current amount they are reporting.

it is more only because of a couple of reasons. the most important reason is that they have 0 fee for trades which makes any kind of trade profitable.
also the other reason is that Chinese are known to be traders, and there are lots of them who are trading and that makes a bigger volume.

with that said i say it is only 20% more!

I think "only 20%" may be a little off. Take a look at the "volume" column.

http://bitcoincharts.com/markets/

[twodrive01]

I'd love to learn what the real Chinese market volume is.

it certainly is more than western exchange's volume but not by the current amount they are reporting.

it is more only because of a couple of reasons. the most important reason is that they have 0 fee for trades which makes any kind of trade profitable.
also the other reason is that Chinese are known to be traders, and there are lots of them who are trading and that makes a bigger volume.

with that said i say it is only 20% more!

I think "only 20%" may be a little off. Take a look at the "volume" column.

http://bitcoincharts.com/markets/

The a lost of faking is going on. Maybe with chines government watching closer is will become normal. Or maybe they are not faking at all?

https://www.worldcoinindex.com/exchange

[dothebeats]

It's as if this news isn't already a known fact.

Chinese exchanges have been known to fake volumes primarily to attract traders and to show other parts of the world that something big is happening in their exchanges. and because of those, the Western exchanges tend to follow suit most of the time. Also, 0 fees on trades? It's definitely a profit most of the time.

[QuestionAuthority]

It's as if this news isn't already a known fact.

Chinese exchanges have been known to fake volumes primarily to attract traders and to show other parts of the world that something big is happening in their exchanges. and because of those, the Western exchanges tend to follow suit most of the time. Also, 0 fees on trades? It's definitely a profit most of the time.

Trading in China isn't free. I don't know who started that bullshit but it's not true.

https://www.btcc.com/fees  This means trading "交易". Look under this category to find the cost of trades and other services. It's very reasonable but it's not free. All other service costs are there too. With the volume they have they are making plenty of money. 

If the volume is fake it's not far off. All you need to do to know the volume is close to accurate is look at the estimated USD transaction value for all exchanges combined, the current USD exchange rate, daily number of transactions, the market cap and the exchange volume distribution.

[btcwhiskey]

It look like they're trying to bring in more users. With out fees, they're able to fake the volume as high as they want it. When they start attracting a large user base, that's when they'll add the trading fees.