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sdersdf2 (OP)
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March 30, 2014, 04:48:37 PM
Last edit: March 30, 2014, 05:57:49 PM by sdersdf2 |
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If BTC demand is supposed to be drying up in China, why does fiatleak.com show.... heavy, heavy, HEAVY BTC buying from China: http://fiatleak.com/ |
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Beliathon
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March 30, 2014, 04:49:07 PM |
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fiatleak doesn't account for selling, I don't think. Only buying.
China has no way to "play us". The blockchain is a public ledger, worldwide. You can't manipulate it, that's the whole point.
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sdersdf2 (OP)
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March 30, 2014, 04:53:59 PM |
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fiatleak doesn't account for selling, I don't think. Only buying.
China has no way to "play us". The blockchain is a public ledger, worldwide. You can't manipulate it, that's the whole point.
What I mean is whether the bad news from China is being made to look worse than it is so that China can amass a larger share of the market. If you look at fiatleak, it shows really outsied buying from China and hardly anywhere else. At this point, it looks like the overwhelming majority of sales are being made to buyers in China. |
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DubFX
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March 30, 2014, 04:54:22 PM |
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280 coins in 2 minutes...wow...wish it would show selling also.
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dancupid
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March 30, 2014, 04:57:03 PM |
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280 coins in 2 minutes...wow...wish it would show selling also.
Buying and selling are the same thing - when someone sells something, someone else is buying. Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins. |
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ujka
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March 30, 2014, 04:57:48 PM |
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'Each trade' says the fiatleak page. Buy, and sell ??
210 btc last minute, I summed from bitcoinwisdom, for huobi, btcchina and okcoin. total trades.
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TTM
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March 30, 2014, 04:58:32 PM |
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I think fiatleak is for illustration only, not real number with outdated data.
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DubFX
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March 30, 2014, 04:59:36 PM |
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280 coins in 2 minutes...wow...wish it would show selling also.
Buying and selling are the same thing - when someone sells something, someone else is buying. Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins. Yeah right, i didn't think about it this way  |
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ljudotina
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Activity: 1260
Merit: 1029
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March 30, 2014, 05:09:50 PM |
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Don't forget that fiatleak cant know where is BTC coming from. It shows huge traffic but it does not know is it BTC coming from outside china, or is it all inside trade (Chinese selling and buying BTC). I'm sure that majority of Chinese population is trying to sell and minority is buying which reflects on price and all of us.
Sad thing is that China does not need to "play us". All they need to do is "play" their own ppl. There is enough of their own ppl so they can affect price worldwide. All we can do is sit by and watch, or buy in large amounts which is not happening i guess.
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Beliathon
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March 30, 2014, 05:09:53 PM |
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280 coins in 2 minutes...wow...wish it would show selling also.
Buying and selling are the same thing - when someone sells something, someone else is buying. Lot's of people are buying Bitcoins in China because lot's of people in China are selling Bitcoins. Ahhhh, of course! How did I miss this? Thank you. |
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rammy2k2
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March 30, 2014, 05:14:03 PM |
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we'll find out on 15
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khjghki44f
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March 30, 2014, 05:30:07 PM |
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I think fiatleak is for illustration only, not real number with outdated data.
Data really wrong? |
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TTM
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March 30, 2014, 05:40:28 PM |
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I think fiatleak is for illustration only, not real number with outdated data.
Data really wrong? i'm just thinking, if i'm a chinese who've just bought some coins at btc-e, then how the hell fiatleak know that order was taken by a chinese ? |
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bitluryz
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March 30, 2014, 05:45:23 PM |
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If BTC demand is supposed to be drying up in China, why does fiatleak.com show.... heavy, heavy, HEAVY BTC buying from China: http://fiatleak.com/They're buying at the rate of approximately 70BTC a minute at the time of this post Is China playing us? (rhetorical question) China is Playing => not really, they are stealing your coin with fake ! Fiatleak show the reality; chinese buying BTC  If this Bank ban for exchange was real, why the hell they will buy BTC ? Because who is buying know this is a fake. Posting on Forum is a part of their strategy, so people come here with demoralizing Topic and words. The best is this story: People get trapped |
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ujka
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March 30, 2014, 05:46:44 PM |
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I think fiatleak is for illustration only, not real number with outdated data.
Data really wrong? i'm just thinking, if i'm a chinese who've just bought some coins at btc-e, then how the hell fiatleak know that order was taken by a chinese ? Won't know. But fiatleak is only counting in which currency are trades done. btc-e added Chinese Yuan trading. |
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franky1
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March 30, 2014, 05:55:43 PM |
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china is not playing anyone. american and euro media are!!
china is not banning citizens depositing into exchanges
china is not banning exchanges that get licenced in regards to telecommunications regulations
the media and dumb FUD spreaders here are playing scare tactics to make people panic.
blame fud spreaders and read the source information, not the misinterpreted media stories. the actual source..
bitcoin exchanges will not close, their bank acconts will not be frozen as long as they are licenced.
the only ban that china has imposed is for banks to not do trading themselves as part of THEIR investment portfolio.
no ban has been imposed on citizens.
so stop with the FUD and panic. btcchina is trading as usual and more people are realising it.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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lppeu
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March 30, 2014, 06:02:30 PM |
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280 coins in 2 minutes...wow...wish it would show selling also.
280 coins in 2 minutes？So crazy? |
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God
Member
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March 30, 2014, 06:24:58 PM |
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fiatleak doesn't account for selling, I don't think. Only buying.
China has no way to "play us". The blockchain is a public ledger, worldwide. You can't manipulate it, that's the whole point.
You should also keep in mind that the market deoths volumes in China are most likely faked. There's been proof of this going on in the past and they were talking about this on CoinSummit too. |
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