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Bitcoin Forum > Economy > Economics > Speculation > Poll: Why is China so active (Fiatleak.com)
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Question: Poll: Why is China so active (Fiatleak.com)
The yuan(RMB) is losing value and China is trying to store their wealth - 12 (17.9%)
China is a big country compared to everywhere else so a small percentage of their citizens looks like a lot when it really is not that much - 7 (10.4%)
^^ Well by that logic why isn't india doing close numbers huh?! - 1 (1.5%)
It was more in the previous days and op doesn't know what the f%$# he is talking about - 1 (1.5%)
sucky sucky 5 dorra! - 8 (11.9%)
another poll brah, thats it I am blocking and reporting you ass! - 3 (4.5%)
China isn't active, you seen december to november 2013 brah?! - 2 (3%)
China isn't active, the rest of the world is inactive - 4 (6%)
The chinese know bitcoin is a good investment - 10 (14.9%)
Faked trading volume - 19 (28.4%)
Total Voters: 45

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bitcoinsrus (OP)
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February 28, 2014, 03:41:21 PM
Last edit: March 01, 2014, 08:04:15 PM by bitcoinsrus
 #1
Poll: Why is China so active (Fiatleak.com)
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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February 28, 2014, 04:27:26 PM
 #2
Where is the "Faked trading volume" option?
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February 28, 2014, 04:38:55 PM
 #3
Quote from: Biodom on February 28, 2014, 04:36:19 PM
Yen is japanese currency; yuan (RMB) is chinese

Thanks, corrected
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February 28, 2014, 05:38:02 PM
 #4
The PRC actively devalues it's currency to stimulate it's manufacturing and export based economy. The consequence is that a good hedge is needed to store wealth.
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February 28, 2014, 06:31:30 PM
 #5
Is it not because BTC provide the Chinese with a way of moving their wealth out of the country without restrictions or taxes
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March 01, 2014, 07:15:51 AM
 #6
0% trading volume at Huobi. The bitcoins just go back and forth from buyer to seller.
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March 01, 2014, 07:21:56 AM
 #7
The chinese go at literally everything that promises a prospect for wealth.
From what I read over the last years, wealth is like a religion to them, it's their primary goal in life and the pursuit completely acceptable/normal in society.

If the first "Spock" actor was a chinese guy, we wouldn't know "live long and prosper" today but an almost ferengi version "live long and wealthy"...
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March 01, 2014, 07:35:25 AM
 #8
If that volume is real, china is going crazy at buying atm. I literally just saw over 200BTC purchase in 5 mins
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March 01, 2014, 07:39:15 AM
 #9
China is crazy.
plis send btc : 1Dh194qAHCejvAYtS54j2n5p6MoK85PmcQ
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March 01, 2014, 08:24:22 AM
 #10
This has been discussed a thousand times. It's because they do not charge transaction fee, period.
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March 01, 2014, 03:08:01 PM
 #11
Quote from: jl2012 on March 01, 2014, 08:24:22 AM
This has been discussed a thousand times. It's because they do not charge transaction fee, period.
exactly, you can basically sell your own btc to yourself with no financial impact and inflate "volume" as much as you want.
common people in china left bitcoin in december selloff after it was banned from business use.
the only ones left are whale trade speculators who use high frequency trading bots on 0% fee exchanges to inflate volume and exert influence on other exchanges by pretending to be a "volume leader" and then do exploitative/manipulative trading on those exchanges.
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March 01, 2014, 03:13:41 PM
 #12
1) fake trading volume, fiatleak is clearly set up by some idiot like max keiser so he can point to something and say "CHINA BUYING ALL TEH BITCOIN, TO DA MOON"

2) even if it was real, huobi is zero fees, so its just bots trading

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