BTCChina Down... but trading.... Fake ???

[emoreth]

BTCChina went down for maintenance, but a lot of orders kept showing as if someone was always buying BTC that noone was selling, always at market BID and ASK margins...

I already noted that a lot of trades happened without the orders even get into the board, always around the same BTC amount... Is that a way to forge high trading volumes?? Has anyone noticed that already??

http://s27.postimg.org/it9id0uxf/BTCChina.jpg

[touhonoob]

There is an API http://btcchina.org/api-trade-documentation-en
The maintenance might be only for web interface

[emoreth]

I don't use web interface to trade, api was down too...

And I already noticed this behaviour before... You can see on the image, lots of BTC was bought on prices where there were no offers...

[Dalmar]

Probably some VIP API for whale clients who are running bots. I doubt BTCChina is faking its data, it's the most legit Chinese exchange.

[jaberwock]

Probably some VIP API for whale clients who are running bots. I doubt BTCChina is faking its data, it's the most legit Chinese exchange.

there is nothing said about hidden APIs for big customers that works even if the site and the other API is off.


Even if it is not fake, that means they are hiding something.

They can use it for market manipulation(put the site on maintenance, then buy or sell without the not whales customers can do anything)

[1Referee]

Probably some VIP API for whale clients who are running bots. I doubt BTCChina is faking its data, it's the most legit Chinese exchange.

Don't think they will give whales such an advantage, won't be fair.

The only advantage a whale could get is lower trading fees due to their high volumes.

[Gumbork]

I dont think the trading volume is fake, china people are rich and a lot of investors..

[TinaK]

Probably some VIP API for whale clients who are running bots. I doubt BTCChina is faking its data, it's the most legit Chinese exchange.

How did you come to this conclusion?

I'm a chinese, and i can tell you that there is no legit Bitcoin Exchange in China. The so-called legitimate that is only on the surface of illusion by people, this is why china ban bitcoin everyday, in fact that the gov is going to ban bitcoin exchange not bitcoin self.

I dont think the trading volume is fake, china people are rich and a lot of investors..

You are wrong, all trading volume of CNY markets are not true.

There is more speculators than investors in chinese bitcoiner

[mayax]

a good point. of course that all the big exchangers are doing fake transactions. they pose in corporates and a lot of blink, blink... it's funny sometimes to see this.

TinaK has a real news. China gov. will ban Bitcoin exchanges in the next months(very soon).

[pazor_true]

btcchina.com is down -> GAME OVER -> another mt.gox ?
 

[darkangel11]

I dont think the trading volume is fake, china people are rich and a lot of investors..

I heard about Chinese exchanges faking volume long before I bought my first coin.

[Bejkn]

No surprised, fake trading is a tradition in china. All chinese exchanges are doing faking.

[nguyenducquy]

chinese products and services.....always end in the same result

[vipgelsi]

Give some time to come to conclusions