44% of trade volumes means nothing.
BTChina had 0 fees , meaning that it encouraged bots and fast trades.
With 0 fees , 10 btc and a bot I alone can surpass Mtgox trading volume.
Yes, and using a bot, 1000 BTC or whatever, and 0% trading fees, you could probably bid the price of Bitcoin up 2 da fkn moon, which possibly explains what was happening?
Trade volume =/= Amount of coins in that exchange.
I've been saying this since November , the numbers on BTChina seemed fake to me , especially since they had only 6000 coins on the whole order book when the madness started.
By comparison Mtgox had 8 times that.