China buying alot bitcoins?

[ahmedjadoon]

Price lowered again to 490.

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.

Mtgox is based in japan I think, not China.

[eoJ]

It came up as roughly 100 BTC per minute over 5 minutes for me. Pretty misleading, seeing as in that 5 minutes, 1500-2000 BTC get traded on huobi.

[cosmofly]

already $470

Pigs bought at $500+ are bleeding

[AndrewGucci]

anyone selling now is insane.

[pioter]

its like hundreds bitcoins in few second 

[Rygon]

Dead cat bounce. We still have a way to go. It'll take a few months for the price to move up into the 700 and 800's. The only bullish indicator right now is that a lot of folks who thought they owned real bitcoins on MtGox are realizing that they will never take possession of them. Hopefully they still have some fiat left to buy up cheap coins elsewhere. Eventually the market will adjust to the fact that anywhere between 100K-700K goxcoins don't exist, and move upwards.

[pioter]

but, why the price go down when china buying bitcoins like crazy ?

[eoJ]

but, why the price go down when china buying bitcoins like crazy ?

Because that site only shows the buys, not the sells. 500 BTC of buys, 1500 BTC of sells.

[pioter]

but, why the price go down when china buying bitcoins like crazy ?

Because that site only shows the buys, not the sells. 500 BTC of buys, 1500 BTC of sells.

but a sell i a buy to someone else ... or my logic is stupid

[AndrewGucci]

but, why the price go down when china buying bitcoins like crazy ?

Because that site only shows the buys, not the sells. 500 BTC of buys, 1500 BTC of sells.

but a sell i a buy to someone else ... or my logic is stupid

but it is still 1000BTC more sold that bought.

[pioter]

so china dont like bitcoin and wanna buy it all so noone can use it ?

[Mythul]

So is China back in business now ? Buying when the west dumps. Reverse of last December.

[MrPiggles]

So is China back in business now ? Buying when the west dumps. Reverse of last December.

Er yeah, the only people buying or selling btc are in China.

Clearly Fiatleak is using real info

[eoJ]

What? I facepalm at bitcointalk sometimes.

"The sky is blue."
"What? You're saying the sky is red?"

[MrPiggles]

What? I facepalm at bitcointalk sometimes.

"The sky is blue."
"What? You're saying the sky is red?"

I'm just pointing out that the info on fiatleak that he's basing that statement on is clearly false.

fiatleak shows pretty much only china as buying or selling btc right now.

it's showing 125x the volume in China as the rest of the world.

[eoJ]

What? I facepalm at bitcointalk sometimes.

"The sky is blue."
"What? You're saying the sky is red?"

I'm just pointing out that the info on fiatleak that he's basing that statement on is clearly false.

fiatleak shows pretty much only china as buying or selling btc right now.

it's showing 125x the volume in China as the rest of the world.

Oh yeah, that wasn't at you. It was at the people who ignore the fact that fiatleak's supposed CNY volume only includes buys and not sells, so paints a very misleading, overly bullish picture (despite multiple people pointing it out)

[Paashaas]

  But yes, stupid Europeans are selling

Well, not ALL Europeans are that dumb, youre to stupid to shave all ppl on one side. Use youre words better dude.

[Easy2Mine]

Because that site only shows the buys, not the sells. 500 BTC of buys, 1500 BTC of sells.

Did you ever finished primary school?
To whom are the other 1000 BTC sold?
Or am I missing your logic?

[eoJ]

Because that site only shows the buys, not the sells. 500 BTC of buys, 1500 BTC of sells.

Did you ever finished primary school?
To whom are the other 1000 BTC sold?
Or am I missing your logic?

Green = shows up
Red = doesn't. They're sold to people with buy orders.

[Archi348]

Dead cat bounce. We still have a way to go. It'll take a few months for the price to move up into the 700 and 800's. The only bullish indicator right now is that a lot of folks who thought they owned real bitcoins on MtGox are realizing that they will never take possession of them. Hopefully they still have some fiat left to buy up cheap coins elsewhere. Eventually the market will adjust to the fact that anywhere between 100K-700K goxcoins don't exist, and move upwards.

Wouldn't it be more accurate to say that 100k-700k BTC are no longer in the hands of those that thought they controlled them?  The coins still exist somewhere on the chain correct?