Proof: Chinese can do art!

[Spekulatius]

Im just not sure what it is..

[1715699846]

1715699846

[1715699846]

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[1715699846]

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[1715699846]

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[1715699846]

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[GeniuSxBoY]

peking duck

[firstlast]

Price movement looks artificial. Not enough randomness.

[notme]

Price movement looks artificial. Not enough randomness.

Or maybe you actually get a more efficient market when you remove trading fees.

[MacMiner]

[Sitarow]

[Boxman90]

I'm just gonna copy paste what i hypothesized in the wall movement topic.

More and more am I starting to believe that BTCChina is (for a large part) fake.

- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy

And most compellingly

- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.

It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.

=== I'm just speculating here ===

[damnek]

I tried opening an account on btcchina a while ago, but now I can't even connect to their site anymore. I get an error from their ddos protection, incapsula.

[firstlast]

I'm just gonna copy paste what i hypothesized in the wall movement topic.

More and more am I starting to believe that BTCChina is (for a large part) fake.

- Their volume reports are ridiculous. On the 3 minute chart they have almost exclusively 300 btc per candlestick.
- The whole rise-up at BTC-China seems orchestrated. Every sharp rise is nicely crafted into a short dip which then recovers in order to make others believe that it's safe to buy

And most compellingly

- During the crash the volume stays _THE SAME_ throughout. There is a sharp drop, but no panic selling at all! The volume is constant. This does not make any sense to me.
- Notice how every downward candle towards is also attempted to be caugt immediately - many many intermittent recoveries during a crash. It just doesn't make sense.

It's almost as if the whole exchange is scripted to make fake orders to amplify any movements seen on Gox. Zero trading fees would allow this.

=== I'm just speculating here ===

I agree with this! This price movement suggests only a handful of traders (not the thousands on gox and bitstamp) are manipulating and leading the market. And gox and bitstamp are blindly following.

[Nemesis]

I tried opening an account on btcchina a while ago, but now I can't even connect to their site anymore. I get an error from their ddos protection, incapsula.

I can connect to the site fine. no idea why u cant connect.

[Remember remember the 5th of November]

Similarity is too huge.

[windjc]

Im just not sure what it is..

It just looks like a rollercoaster to me.

[TERA]

[antimattercrusader]

Well, I have not had any trouble accessing BTCchina, and use it - so perhaps their data is fake (doubtful), but their exchange is certainly not. At least as far as using it is concerned.

[Spekulatius]

They have no trading fees, bots are most likely no stranger to them, therefore a much "bloated" volume if you will. You cannot compare them to Western exchanges with fees but nobody seems to care. On top they have a fierce competition going on on the Chinese market right now: http://btckan.com/price

So weeks ago one of the smaller exchanges on that list reported a ludicrous volume at tiny order book depth, like 10 times Mt.Gox of that day and 3 or 4 times the volume of BTCChina. IThe thread is somewhere on this forum, I cant be bothered to find it right now. They all want to come out as the winner, becoming the BIGGEST Chinese exchange. Where else then at the one with best liquidity and lowest fees would you like to put your money? Its likely they cook their order books to look better. Its like competitive bicycle driving, you know half the field is gonna dope so you have to take some enhancers as well to make it "fair play" again or get left behind. Why wouldnt they, after all there is no one checking on them.

Come to think of it, maybe this whole rally was fueled by Chinese ghost volume.

[zedicus]

flying bitcoin hidden volume!

[navigator]

2013 is the year of the water snake

http://www.astrology.com/2013-year-water-snake-overview/2-d-d-508120

[rampantparanoia]

2013 is the year of the water snake

http://www.astrology.com/2013-year-water-snake-overview/2-d-d-508120

wet penis?