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zimmah
Legendary
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Activity: 1106
Merit: 1005
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February 04, 2015, 10:40:45 AM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
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Malin Keshar
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February 04, 2015, 10:41:25 AM |
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okcoin at leas has leverage, and bigger than bitfininex
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Mieehayii (OP)
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February 05, 2015, 05:17:13 AM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
Perhaps this is one reason, but I don't think this is the key
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Cassie.Jill
Member
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Activity: 83
Merit: 10
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February 05, 2015, 08:19:19 AM |
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chinese exchanges volume is very huge, but it is pointless for me. btc-e and lakebtc are still my top two choice.
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stellar1
Member
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Activity: 70
Merit: 10
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February 05, 2015, 09:11:35 AM |
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Volume defines a market; any market. Higher the volume better the market. Doesn't matter even if the same coins are being rotated n number of times. Or if the transaction fee is zero or even negative for that matter.
BTW bitfinex.com operates out of Hong Kong.
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manfred
Legendary
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Activity: 966
Merit: 1001
Energy is Wealth
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February 05, 2015, 09:38:06 AM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn (two seperate exchanges) https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693 https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209
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Q7
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February 05, 2015, 12:18:00 PM |
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Wow. that's almost 90% with all of them combined. and what's more surprising is that kraken share is so small compared to the rest.
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bounst
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February 09, 2015, 07:35:50 AM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn (two seperate exchanges) https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693 https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209 the charts incluide both usd and usd volume
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GÜNther.Danish
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February 10, 2015, 08:17:43 AM |
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unexplained, but only faking
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Nrcewker
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February 10, 2015, 09:38:14 AM |
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the real volume should be be divided by their leverages.
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medUSA
Legendary
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Activity: 952
Merit: 1005
--Signature Designs-- http://bit.ly/1Pjbx77
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February 10, 2015, 10:48:35 AM |
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I believe I read something about Chinese exchanges doubling their volume by reporting coins bought and sold as 2 transactions but they are in fact the same coins. Has the above chart taken that into account? Bitstamp has only 4% of global volume? I found that hard to believe.
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flipstyle
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February 10, 2015, 11:05:26 AM |
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lol does this really surprise anyone?
China has built the number 2 world economy by outslicking the europe and the west by any means necessary. That means lying, cheating, stealing patented technology, and scamming.
Have fun playing russian roulette when they have the hand on the trigger!
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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February 10, 2015, 12:57:07 PM |
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I believe it's much simpler to profit in a bear market by using derivatives, shorts, leveraged shorts, etc. It's not something for people who only believe in the long-term success of Bitcoin, but those who like to ride even the smaller waves and profit off of them. I think this will change if/when we enter a definite bull-market again!
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hodlmybtc
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February 10, 2015, 06:09:42 PM |
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Volume on chinese exchanges is way higher because of the zero fees, this was admitted by I think the CEO of BTCChina. He said that because of the zero fees the volume would be between 5 and 10 times higher than on other exchanges. Also read this: http://www.coindesk.com/reality-chinese-trading-volumes/
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ThatDGuy
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February 10, 2015, 07:39:30 PM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
Perhaps this is one reason, but I don't think this is the key Zero fees for transactions is a considerable difference.
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manfred
Legendary
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Activity: 966
Merit: 1001
Energy is Wealth
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February 10, 2015, 09:40:08 PM |
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china has a large volume but because they have 00% fees there it could just be the same coins traded over and over again.
China has way more volume than the chart shows because it incudes only the okcoin.com international exchange trading in usd and not the 0 % exchange trading the massive volume of okcoin.cn (two seperate exchanges) https://www.okcoin.com/about/fees.do okcoin.com 24h Vol BTC: ฿18,693 https://www.okcoin.cn/about/fees.do okcoin.cn 24h Vol BTC: ฿125,209 the charts incluide both usd and usd volume ?? Charting websides do not include 0% trading volume
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