Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: Karartma1 on October 06, 2016, 06:39:06 AM

Quote from: DaRude on October 06, 2016, 02:14:56 AM

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from? Huh

can't be same people selling to themselves just to pay exchange fees

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right? RIGHT?? Roll Eyes