jwzguy



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Hero MemberActivity: 868Merit: 1000 BTC100 CNY exchange reports 80,000btc 24hr volume September 28, 2013, 09:12:16 PM

Last edit: September 28, 2013, 10:40:17 PM by jwzguy #1



Can any Chinese speakers check out their site and see what's going on? Do they have a lot of market depth? This is a fairly fast change from 1-2K volume last week.



If they are reporting false volume, it should be obvious to people trading there.



Edit: 99,000 Either they are lying or something massive just happened: https://btc100.org/ Can any Chinese speakers check out their site and see what's going on? Do they have a lot of market depth? This is a fairly fast change from 1-2K volume last week.If they are reporting false volume, it should be obvious to people trading there.Edit: 99,000

derpinheimer



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LegendaryActivity: 896Merit: 1000 Re: BTC100 CNY exchange reports 80,000btc 24hr volume September 28, 2013, 10:05:19 PM #9

From left to right:

: Highest Bid

: Lowest Ask

: Daily High

: Daily Low

: 24 hour volume



Just in the time i've watched it the price has gone from 750 to 757... okay, thats not much



mBTC seems like a good idea as to what it might be. Well, I dont know what everything says, but it is "24 Hour Volume"From left to right:: Highest Bid: Lowest Ask: Daily High: Daily Low: 24 hour volumeJust in the time i've watched it the price has gone from 750 to 757... okay, thats not muchmBTC seems like a good idea as to what it might be.

jwzguy



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Hero MemberActivity: 868Merit: 1000 Re: BTC100 CNY exchange reports 80,000btc 24hr volume September 28, 2013, 10:09:34 PM #10 Quote from: derpinheimer on September 28, 2013, 10:05:19 PM

From left to right:

: Highest Bid

: Lowest Ask

: Daily High

: Daily Low

: 24 hour volume



Just in the time i've watched it the price has gone from 750 to 757... okay, thats not much



mBTC seems like a good idea as to what it might be.

Well, I dont know what everything says, but it is "24 Hour Volume"From left to right:: Highest Bid: Lowest Ask: Daily High: Daily Low: 24 hour volumeJust in the time i've watched it the price has gone from 750 to 757... okay, thats not muchmBTC seems like a good idea as to what it might be.

Why would they suddenly switch from reporting BTC to mBTC? Why would they suddenly switch from reporting BTC to mBTC?

TERA



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Hero MemberActivity: 728Merit: 500 Re: BTC100 CNY exchange reports 80,000btc 24hr volume September 28, 2013, 10:13:46 PM #12 What is the normal volume of this exchange? I'm guessing it's something less than 1000BTC. So how could something that does a tiny volume suddenly do 80,000BTC volume? I would think it to be technically impossible. There simply wouldn't be the liquidity, deposit/withdraw processing, exchange engine, order book depth, etc to do it. I mean I could see it maybe GROWING to that amount over a month or so, but not overnight.