<funkenstein_> the "china likes litecoin" story doesn't get much airplay
<funkenstein_> 中国喜欢莱特币
<funkenstein_> instead it's always "volume on chinese exchanges is fake"
<funkenstein_> well yeah, all volume numbers on private exchanges are suspect
<funkenstein_> and all exchanges that i know of are private
<funkenstein_> BUT STILL, check this out
<funkenstein_> use 30 day numbers, sum of exchanges on bitcoinwisdom
<funkenstein_> .calc 75000000/2000000
<funkshelper> funkenstein_: 37.5
<funkenstein_> almost 40 times as many BTC change hands for CNY than for USD
<funkenstein_> repeat for the chikun:
<funkenstein_> .calc 1700000000/7000000
<funkshelper> funkenstein_: 242.8571429
<funkenstein_> 242 times as many LTC change hands for CNY than for USD
<funkenstein_> .calc 243/37.5
<funkshelper> funkenstein_: 6.48
<funkenstein_> so LTC appears six and a half times more popular in china
This is nothing new,;it's been visible for years. However it is getting harder to deny.