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Author Topic: Volume at Huobi dropping like a stone  (Read 2927 times)
r34tr783tr78
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May 10, 2014, 11:15:31 AM
 #1

http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc

You can remove the oher exchanges by clicking on it.

Just stating a fact that shows the present environment at China, where the government even forced the press to censur news about the current chinese bitcoin conference: http://www.coindesk.com/china-orders-media-silence-on-global-bitcoin-summit/

Sarcasm mode started:

Of course, this has to be good news or FUD

Sarcasm mode ended
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TERA
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May 10, 2014, 11:22:01 AM
 #2

Trading fee implementation and reduction of leverages could lower volume.

Although it doesn't appear much lower than normal now because we are still in the upper band of the downtrend where low volume is typically done. If/when we fall into the lower band, there should be more volume.
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May 10, 2014, 11:25:27 AM
 #3

No more leverage trading.

How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
Ultros
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May 10, 2014, 11:26:33 AM
 #4

So we can stop watching chinese markets? Seems too good to be true.
TERA
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May 10, 2014, 11:27:54 AM
 #5

So we can stop watching chinese markets? Seems too good to be true.
Nah. Even at current levels, Huobi volume is still 5x higher than Stamp volume.
r34tr783tr78
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May 10, 2014, 11:30:06 AM
 #6

The decision about the flat rate fee and on leverage has only a few days. I think it's not implement yet.
Any way, this drop started more than a month ago, in the beginning of March:
http://data.bitcoinity.org/markets/volume/6m?c=e&t=a&volume_unit=btc


ElectricMucus
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May 10, 2014, 11:35:11 AM
 #7

Are Chinese exchanges still a thing?





Isn't the deadline like ...today?
TERA
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May 10, 2014, 11:37:31 AM
 #8

Try to think of it like this pattern:



Though I do agree that it is going down a little overall.
Bitcoin_is_here_to_stay
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May 10, 2014, 02:56:04 PM
 #9

Try to think of it like this pattern:



Though I do agree that it is going down a little overall.

nice pic
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May 10, 2014, 03:38:57 PM
 #10

Maybe it's time for volume at Bitstamp to pick up. Since Chinese players are unlikely to transfer much fiat
to Bitstamp, but transferring lots of coins should be easy, bears may rejoice soon.

Sometimes, if it looks too bullish, it's actually bearish
Blue
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May 10, 2014, 04:11:44 PM
 #11

yeeha !
fattypig
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May 10, 2014, 04:12:36 PM
 #12

Are Chinese exchanges still a thing?





Isn't the deadline like ...today?

Yup, deadline today. So lets just assume huobi and other chinese exchange site would be offline tomorrow onwards.

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May 10, 2014, 04:17:44 PM
 #13

Are Chinese exchanges still a thing?





Isn't the deadline like ...today?

Yup, deadline today. So lets just assume huobi and other chinese exchange site would be offline tomorrow onwards.

i think MAYBE monday

DustyRah
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May 10, 2014, 09:01:24 PM
 #14

I hope the Chinese commies are out as soon as possible so the rest of the world can get it on with BTC~
blatchcorn
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May 10, 2014, 10:16:43 PM
 #15

Bullish sign


 
 
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Sindelar1938
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May 11, 2014, 03:04:57 AM
 #16

I think it's a bearish signal with some selling to come next week

Elwar
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May 11, 2014, 04:35:28 AM
 #17

Huobi is a Chinese exchange.

China banned bitcoins months ago.

http://www.bitpools.com
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ElectricMucus
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May 11, 2014, 07:03:30 AM
 #18

Huobi is a Chinese exchange.

China banned bitcoins months ago.


Stupid, how the chumps here are the first to call it a ban, while all that China did was to rule banks shouldn't use it. Don't you guys get that is not the same thing?
T.Stuart
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May 11, 2014, 07:17:36 AM
 #19

Huobi is a Chinese exchange.

China banned bitcoins months ago.


Stupid, how the chumps here are the first to call it a ban, while all that China did was to rule banks shouldn't use it. Don't you guys get that is not the same thing?

They've banned the banks from using it. They've banned journalists from reporting it. They pour scorn on Bitcoin users (maybe they've got that partially right  Roll Eyes). The line you take is beginning to sound pedantic.

                                   
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ElectricMucus
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May 11, 2014, 07:40:20 AM
 #20

Huobi is a Chinese exchange.

China banned bitcoins months ago.


Stupid, how the chumps here are the first to call it a ban, while all that China did was to rule banks shouldn't use it. Don't you guys get that is not the same thing?

They've banned the banks from using it. They've banned journalists from reporting it. They pour scorn on Bitcoin users (maybe they've got that partially right  Roll Eyes). The line you take is beginning to sound pedantic.

As I recall that's basically one event that shouldn't be reported on, and I'd say that's more international politics than anti-Bitcoin, I could be wrong, but then I don't really care.

Still, the bulk of mining hardware is manufactured in China, and if their gov were against Bitcoin they'd move against that. Or rule something akin to "Bitcoin could have a destabilizing influence on the economy and therefore is prohibited" - which they also didn't.
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