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Given that there was a bitcoin rally led by the Chinese bitcoin exchanges before this news[1] and now this amateurish announcement, it seems like somebody at Ba

• ok_craig 13y ago
  Or just a pump.
• gwern 13y ago
  An increase in transaction volume, which is what your link shows, is not a 'rally', which is a price increase.
  • wcoenen 13y ago
    That link was meant to show a suspiciously large jump in the volume of Chinese bitcoin exchanges relative to other exchanges. It wasn't intended to show the price increase. To see the price increase, you can look at any of the charts at http://bitcoincharts.com http://bitcoincharts.com. But since the exchanges strongly influence each other because of arbitrage, price charts won't tell you anything about the role of Chinese exchanges in the increase.
    • gwern 13y ago
      > That link was meant to show a suspiciously large jump in the volume of Chinese bitcoin exchanges relative to other exchanges. It wasn't intended to show the price increase. It certainly sounded like that was what you intended. A transaction volume increase is interesting, but on Reddit I have read comments stating that the exchanges in some cases have started charging no fees - which sounds like it's possible that the increases are entirely spurious and due to, say, bots going nuts.