I have to say that number is higher than I expected. 50, 60% sure but 80% is almost all of it.
A lot of NXT goes to the Chinese as well. What can you say, other than that they love to speculate on new cryptocurrencies
A lot of NXT goes to the Chinese as well. What can you say, other than that they love to speculate on new cryptocurrencies
That's just 80% for the Yaun-BTSx. They take up another 18% or so with BTC trades (which fair enough some of those people could be American or European).
The biggest non-Chinese exchange only does like 1% of overall volume being Poloniex.
So yeah 80% - 99% of buyers are Chinese
Poloniex only started BTSX last week that's why
So while yes, it is mostly Chinese, the West trades on bter & BTC38 English still and often CNY for volume.
This is echoing Bitcoin where the Chinese came rushing in all at once throwing in huge sums. A lot of that money came from funds and margin trading. What was the end result? An epic pump to $1200 and then a slow crash down to $500.
They were helping drive Bitcoin yes until .gov introduced restrictions which is what stopped that.
The Chinese support BitShares as a whole enjoys is with those restrictions already in place