I get everything you are saying but WHY such high high Chinese interest and a complete lack of interest from the rest of the world btsx/cny trading make up between 70-80% of total total 24hr volume. When you look at the second highest 24 hour volume(btsx/btc it changes exchanges to bter(a high fee exchange). Btc transaction's are how most of the rest of the world gets into btsx. What I am trying to say is the market seems almost totally supported by one Chinese exchange exchange(btc38) and one pairing btsx/cny.Am I concerned about nothing, does this bother anyone else?
Which parts of the world are lacking BTSX interest?
China has 4x the population of the U.S., and worldwide, Mandarin has 2.5x more speakers than English.
They have a fairly lively community here: https://bitsharestalk.org/index.php?board=4.0
And if you look at Bitcoin markets, you'll see that approx 70% of the BTC trading volume is in CNY.
https://bitcoinwisdom.com/
Doesn't seem crazy to me.
Here is the current numbers on btc and is pairings
# Source Pair Volume (24h) Price Volume (%) Updated
1 BitcoinAverage BTC/USD $ 9,511,380 $ 481.41 59.92 % Recently
2 BitcoinAverage BTC/CNY $ 5,399,340 $ 477.96 34.02 % Recently
3 BitcoinAverage BTC/EUR $ 597,300 $ 485.14 3.76 % Recently
4 BitcoinAverage BTC/GBP $ 164,622 $ 489.51 1.04 % Recently
5 BitcoinAverage BTC/RUB $ 104,037 $ 498.83 0.66 % Recently
6 BitcoinAverage BTC/CAD $ 96,500 $ 481.65 0.61 % Recently
as you can see USD is the leader followed by CNY then EUR
This above chart looks like a "healthy" global interest. It is not bad that we have great Chinese interest but I am pointing out why the lack of interest from the rest of the world. Perhaps its because we are young? Different marketing strategy between what is done on the Chinese side vs the rest of the world? I am trying to identify a possible short coming then perhaps we can focus on correcting it.
do you have any idea the volume per capita? Because I don't but I do agree it would be a more accurate representation.
We need to look at volume per capita not gross.