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the china essentialist argument was debunked once CN regulators forced CN exchanges to institute a know-your-customer policy. Result, the bots they used to fluf
by cyphunk 9y ago
the china essentialist argument was debunked once CN regulators forced CN exchanges to institute a know-your-customer policy. Result, the bots they used to fluff their order books had to go. You can see this difference from that day onward very clearly in exchange trade volume comparison:
https://data.bitcoinity.org/markets/volume/2y?c=e&t=b https://data.bitcoinity.org/markets/volume/2y?c=e&t=b
actaul trade from china is similar or smaller to that in the EU at the moment
- johnwheeler 9y agoThey're not trading. They're holding and creating the price support. The only people who are trading right now are John Q. Public and a few whales who manipulate the market with shill bids.