Author Topic: 100% delegate pay in USD could be $200/month due to slippage  (Read 7972 times)

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Offline cn-members

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You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

What is the total order book bid depth in CNY?

The order book can only see 30 lists  ? So I don't know all .

From current price to 0.0131USD , there are around 70000 USD worth of CNY buy orders .

And once the price is low enough , more people would want to buy , so the order book is not equal to reality .
« Last Edit: November 17, 2014, 11:48:19 am by cn-members »
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Offline cn-members

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You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 CNY often = 6.1  USD .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .

Yes CNY is by far the best Government Issued-National currency.

Sorry about the mix up . It should be 1USD = 6.1CNY
BTS中文区发言人公共账号,帮助社区有效沟通与交流。
Chinese Community Spokesman Account,to help the effective communication between Chinese and other members of the community.We're not translators to do regular translations , but will help with vital ones as we see fit and available at that time.

Offline monsterer

You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

What is the total order book bid depth in CNY?
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Offline eagleeye

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You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 CNY often = 6.1  USD .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .

Yes CNY is by far the best Government Issued-National currency.

Offline cn-members

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You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 USD often = 6.1  CNY .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .
« Last Edit: November 17, 2014, 11:40:31 am by cn-members »
BTS中文区发言人公共账号,帮助社区有效沟通与交流。
Chinese Community Spokesman Account,to help the effective communication between Chinese and other members of the community.We're not translators to do regular translations , but will help with vital ones as we see fit and available at that time.

Offline monsterer

I often see pay rate estimates in USD created by looking at the current 'price' of BTS and just doing a straight multiply to arrive at a number. However, this gives a distorted view because the top price often has so little volume associated with it.

Indeed the entire buy side order book at BTER.com for BTS/USD has less than $200!

This means, to cash out to USD, you have to go from BTS->BTC->USD.

Looking at the BTS/BTC market in BTER, a sell of 12,960,000 BTS (101 delegates at 100% pay rate for 1 month) would clean out the order book completely, and result in a slippage of around 500 BTC total value.

Long story short, on BTER, 100% pay, for 1 month, in USD at current market cap of 35M USD after slippage = ~$200

Obviously this is worst case, since I'm only considering 1 exchange here...

« Last Edit: November 17, 2014, 11:23:42 am by monsterer »
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