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Author Topic: BTCChina - Highest trading volume ever today  (Read 13938 times)
evoorhees
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May 26, 2012, 05:29:02 PM
 #1

Over 4,500btc traded today on BTCChina. This is the highest volume yet, and May has already seen the record broken twice prior. Current price is over $5.20 in USD vs. $5.00 USD on BTC-E... so any of you who can arbitrage I recommend you look into that pair of exchanges. The Chinese might need your coins, better have them ready.  

http://bitcoincharts.com/charts/btcnCNY

EDIT: now up to 7,100btc volume, BTCChina overtook BTC-E today for second largest volume exchange. Never seen this before.
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cypherdoc
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May 26, 2012, 05:31:26 PM
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nice pickup.
MemoryDealers
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May 26, 2012, 05:33:27 PM
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Now more than 5,200 BTC traded in the last 24 hours!

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May 26, 2012, 05:35:44 PM
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that price/volume action reminds me of last April for mtgox! Cheesy

slowly but surely boys.
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May 26, 2012, 05:58:34 PM
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who the hell here can extrapolate?  seriously?:



rjk
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May 26, 2012, 06:03:50 PM
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shoop da woop


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kiba
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May 26, 2012, 06:06:15 PM
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I hope they don't get hacked.

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May 26, 2012, 06:09:43 PM
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AND, for the more astute amongst you.

btcchina price spike has blown up and THROUGH the top of the identically forming flat top ascending triangle that has been forming the last several months.  that's bullish.
bitstarter
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May 26, 2012, 06:14:35 PM
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so great to see this !  Grin

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May 26, 2012, 08:34:50 PM
 #10

Hmmm....

Quote
The fee for each trade at BTCChina is 0.3%.

Half the price of Mt. Gox.
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May 26, 2012, 09:03:16 PM
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AND, for the more astute amongst you.

btcchina price spike has blown up and THROUGH the top of the identically forming flat top ascending triangle that has been forming the last several months.  that's bullish.

YESSSS

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May 26, 2012, 09:07:48 PM
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Fascinating

Otoh
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May 26, 2012, 09:08:10 PM
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nice!

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unclescrooge
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May 26, 2012, 09:10:13 PM
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The chinese scene is moving... interesting...
evoorhees
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May 26, 2012, 10:37:00 PM
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Now up to 7,100btc volume, BTCChina overtook BTC-E today for second largest volume exchange. Never seen this before.
redbeans2012
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May 27, 2012, 12:45:57 AM
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This is pretty awesome.  My dream is to be able to pay for chinese food in bitcoin.  Glad to see they are catching on.
evoorhees
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May 27, 2012, 12:50:42 AM
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Wow look at that volume spike  Shocked  (and there are no higher volumes further back in time either on that chart)

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May 27, 2012, 01:19:09 AM
 #18

This seems like a very big deal. I wonder if it is direct interest in Bitcoin or someone figuring out how to get a different flavor of funny money for their ChinaBux.

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Otoh
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May 27, 2012, 02:02:26 AM
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all seemed to start from memorydealers recent presentation in China, this new 10 times previous normal volumes is probably the second wave of awareness & opportunity interest spreading out from that, exponentially hopefully

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May 27, 2012, 02:38:59 AM
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We may reach «the tipping point».
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