China buying alot bitcoins?

[escrow.ms]

http://fiatleak.com/

What's going on?

[GigaCoin]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip 

[Armis]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip  

I too slept through the $400's, oh well I got some at $509  was very pleased until I heard someone got a lot at $463  


as for china, they have the biggest market, and biggest exchange, it's no wonder they would buy the most, sell the most, and anything else about bitcoin the most.

[porcupine87]

Are this volume numbers on huobi real or fake? I cannot really believe why China is buying 100times more than the US. Huobi has an average volume of 200 000btc the last 5 days, stamp has only 40 000, btc-e 25 000

[ahmedjadoon]

It regained its price from 472 to 512 shortly according to Preev.A good improvement

[lukaszpp]

https://bitcointalk.org/index.php?topic=486411.0

Told it. Big market, great opportunity. But wait until China goes asleep and US wakes up, then will be the true test.

But yes, stupid Europeans are selling and wise Chinese are buying (probably hoping to go back to 1200$)

[GigaCoin]

Are this volume numbers on huobi real or fake? I cannot really believe why China is buying 100times more than the US. Huobi has an average volume of 200 000btc the last 5 days, stamp has only 40 000, btc-e 25 000

they have been caught red handed faking volumes before, so who knows. It's really frustrating though as fake volume creates permanent damage in the market and only creates wealth for those manipulating it.

[GigaCoin]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip  

I too slept through the $400's, oh well I got some at $509  was very pleased until I heard someone got a lot at $463  


as for china, they have the biggest market, and biggest exchange, it's no wonder they would buy the most, sell the most, and anything else about bitcoin the most.

You're not alone, the same happened to me too. The earliest i was able to buy was at $475, atleast i'm glad i got something out of the dip 

[Richard Branson]

FiatLeak =! BTC bought with fiat

It's just trading volume.
No fees -> big numbers without new fiat

[porcupine87]

https://bitcointalk.org/index.php?topic=486411.0

Told it. Big market, great opportunity. But wait until China goes asleep and US wakes up, then will be the true test.

There is no correlation between the price jump or fall and some part of the earth "is waking up".

[tokeweed]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip  

or it could be a pump.  now let's wait if there's a dump.

check out the hourly chart and watch out for sideways action and a fade in volume. then wait.

[MrPiggles]

That fiatleak is total b.s, probably invented by max keiser so he can point at something and say BUY NOW $800 THIS WEEK


Look at volume on bitstamp + btc-e.

Neither even register on fiatleak

[kireinaha]

china is accustomed to fraud and charlatans like MtGox, so they're just shrugging this whole thing off and buying cheap coins while they can.

[porcupine87]

That fiatleak is total b.s, probably invented by max keiser so he can point at something and say BUY NOW $800 THIS WEEK


Look at volume on bitstamp + btc-e.

Neither even register on fiatleak

+1
Max is one of this guys who always praised the Chinese, because their goverment embraces Bitcoin and the US will be the last which allows Bitcoin. As it turns out it is the other way around...

[tokeweed]

china is accustomed to fraud and charlatans like MtGox, so they're just shrugging this whole thing off and buying cheap coins while they can.

or they could be playing the market.

[GigaCoin]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip  

or it could be a pump.  now let's wait if there's a dump.

check out the hourly chart and watch out for sideways action and a fade in volume. then wait.

i'm not worried if this is a pump, i like to buy small portions that way i always have some fiat ready for my next dip. Besides i don't see us skyrocketing upwards now, i think we go sideways for a while after this is all over.

[tokeweed]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip  

or it could be a pump.  now let's wait if there's a dump.

check out the hourly chart and watch out for sideways action and a fade in volume. then wait.

i'm not worried if this is a pump, i like to buy small portions that way i always have some fiat ready for my next dip. Besides i don't see us skyrocketing upwards now, i think we go sideways for a while after this is all over.

i agree. the funny thing is when it goes sideways, no one knows where it'll go next.

unlike before, all people had to do was buy it up and everyone will follow. not the case lately. some other group is making money out of the pumpers. it got predictable.

[Cluster2k]

Fiat leak is pretty useless as an indicator of how popular bitcoin is, or where the money is going.  It only shows money to bitcoin trades and nothing the other way.  It's like me declaring I have an extremely successful company by reporting only when people buy my shares while totally ignoring all the sells.

Fiat leak also doesn't differentiate between new money coming into the exchange and buying bitcoin -> money -> bitcoin transfers, over and over again.  

[cosmofly]

They are buying bitcoins in HUGE numbers, really interesting haven't expected this to happen. Which also explains the quick price recovery from $400. When people wake up they won't be happy about missing out on the dip 

Giga you are pretty much always right but this time i think you are wrong we will see $200 THIS WEEK.

GET READY YOU PIGS !

Gox Died, why do people ignore that fact ?

[Ceballos]

Panic Buy!