Is china going heavy into buying all the sudden?

[notig]

Just curious... I just found out about the site called fiatleak. It looks like tons of volume is going on in china but maybe I am not seeing things right. Is this how it normally looks in china? Is it normal?

[NUFCrichard]

Yes, or at least for the last month anyway.
The fear is that this buying will be reduced after Friday's government statement.

[eindbaas]

wait wut? Is there gonna be another gov statement ? which ? pls tell me more.

[Kenshin]

wait wut? Is there gonna be another gov statement ? which ? pls tell me more.

I think he is talking about the Friday which just past.

[NUFCrichard]

Yes I am.  I have little insight on what the Chinese government will be saying next Friday!

[juve4v]

He meant:  http://fiatleak.com/   Check it  and figure out .

[RenHoek]

Juhu, Fiatleak wurde exhumiert:  Smiley

http://fiatleak.dyndns.org/

[Harley997]

fiatleak is junk -- it is very misleading. no data to support the conclusions people extract from it.

[notme]

fiatleak is junk -- it is very misleading. no data to support the conclusions people extract from it.

Welcome to life.  Misleading is the name of the game in marketing.  However, it is still a useful tool.  But like any tool, you have to figure out what it means and how to use it, not just take it for face value.

[ElectricMucus]

fiatleak is junk -- it is very misleading. no data to support the conclusions people extract from it.

Welcome to life.  Misleading is the name of the game in marketing.  However, it is still a useful tool.  But like any tool, you have to figure out what it means and how to use it, not just take it for face value.

While no idea is perfect, some ideas are awful.

[GigaCoin]

Just curious... I just found out about the site called fiatleak. It looks like tons of volume is going on in china but maybe I am not seeing things right. Is this how it normally looks in china? Is it normal?

Yeah they've overrun the States in terms of buying volume, the current price seems to be heavily dependent on china, once bitcoin spreads more around the world that dependance should balance out.