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Author Topic: The effect of fees on the Chinese exchanges in a single chart  (Read 1197 times)
Febo
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January 26, 2017, 08:58:04 PM
 #21

It seems Chinese exchanges volume is getting under 25%.   
I also dont know what was actually reason behind those huge volumes in past beside that some exchanges wanted to look super big to attract more traders.

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January 26, 2017, 10:33:30 PM
 #22

It seems Chinese exchanges volume is getting under 25%.   
I also dont know what was actually reason behind those huge volumes in past beside that some exchanges wanted to look super big to attract more traders.

It was fake. I think the Chinese exchanges were engaged in a competition for "face" where they each felt they had to have the biggest volumes and were frantically faking it to try to win.

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January 26, 2017, 10:52:43 PM
 #23

Chineses exchanges have a lot of work ahead of them to be compliant with PBOC. New regulations are likely to make trading btc on these exchanges require all your info. Leverage trading will require an overhaul to comply with regulation.



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January 26, 2017, 11:47:53 PM
 #24

Mainstream media strikes again! Trying to box bitcoin as a currency and completely ignoring its other potential - killer app economic censorship.
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January 27, 2017, 06:24:07 AM
 #25

I have my own theory about this. Bear with me:
First: I love it! Having no fees on trade was a weird thing. This graph clearly shows how China's market share dropped from 90% to about 30%.
In my opinion this means Bitcoin is maturing. Long term this will lead to a more stable situation. Bitcoin price dropped a bit when China announced stricter rules. If it can recover with the stricter rules, it comes out stronger.

I now see 2 main problems left for Bitcoin:
1. very few people own a lot, which gives them the power to influence the price on the short-term
2. full blocks don't allow for growth in transaction volume.

Your post is retarded and I didnt understand the whole point of it. Please make time to explain more of what you were trying to say. First I want to know in what way do you think BTC is maturing.
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January 30, 2017, 01:18:53 AM
 #26

it wasn't just the 0.2% fee but a lot have changed over there. their margin trading has stopped, and so much of their fake operations with fake volume has stopped because of the pressure of PBOC.

p.s. what website is this chart from? (by the way thanks for sharing, i was actually looking for something like this)

where i can get information about china exchanger stoped margin trading service
the big volume transaction china exchanger and open service margin trading too, btcchina, huobi and okcoin



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January 30, 2017, 02:03:27 AM
 #27

it wasn't just the 0.2% fee but a lot have changed over there. their margin trading has stopped, and so much of their fake operations with fake volume has stopped because of the pressure of PBOC.

p.s. what website is this chart from? (by the way thanks for sharing, i was actually looking for something like this)

where i can get information about china exchanger stoped margin trading service
the big volume transaction china exchanger and open service margin trading too, btcchina, huobi and okcoin
There is plenty of news floating around about this topic. It is pretty much the biggest market event of 2017 so far.
Just google: "Chinese margin trading", "Chinese intervention bitcoin margin trading", "China curbs bitcoin margin trading", etc.

For example: https://bitcoinmagazine.com/articles/chinese-exchanges-curb-margin-trading/

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