Play project sold 1000BTC , and bought 30,0000 BitCNY with part of that money

[fuzzy]

bump.

[xiahui135]

I bought at 1740 cny/btc to invest play, and now btc is 1300.
If play accept bitCNY, play team could have raised more. Holding too many btc, may leads to lose-lose when btc crash.

[graffenwalder]

Sorry should have quoted delulo

[cass]

did say mention they will hold half in BTC!? sry not up to date ...

[graffenwalder]

Selling another 450 BTC?

https://blockchain.info/address/3DPD7z66T7DXULvFZUsc4xNcVS2q68TM3u

It is reasonable to sell at least half of the raised funds. Otherwise you are in the business of speculating on BTC...

yup, i would do same!

i3 lost a lot of their funds due BTC price volatility

Ok, what's done is done. (1000k BTC sell)
But so far they've raised just under 2K BTC.
So selling another 450 BTC is not half of the raised funds.

[cass]

Selling another 450 BTC?

https://blockchain.info/address/3DPD7z66T7DXULvFZUsc4xNcVS2q68TM3u

It is reasonable to sell at least half of the raised funds. Otherwise you are in the business of speculating on BTC...

yup, i would do same!

i3 lost a lot of their funds due BTC price volatility

[santaclause102]

Selling another 450 BTC?

https://blockchain.info/address/3DPD7z66T7DXULvFZUsc4xNcVS2q68TM3u

It is reasonable to sell at least half of the raised funds. Otherwise you are in the business of speculating on BTC...

[graffenwalder]

Selling another 450 BTC?

https://blockchain.info/address/3DPD7z66T7DXULvFZUsc4xNcVS2q68TM3u

[Rune]

I don't see a rise in the BitCNY marketcap either.

I do ..

We bought bitCNY through TradeBts.

It's nice to have someone offering this kind of service. Vote for tradebts.gulu!

[logxing]

I don't see a rise in the BitCNY marketcap either.

I do ..

We bought bitCNY through TradeBts.

[xeroc]

I don't see a rise in the BitCNY marketcap either.

I do ..

[sumantso]

Did they sell before the crash?

EDIT: The funds moved out day before yesterday, so they sold right at the bottom lol. Somebody panicked - way to lose investor's money :D

I don't see a rise in the BitCNY marketcap either.

[Rune]

I'm really looking forward to PLAY. With gateways and bitPLAY on BTS we can bring them lots of exchange volume as BTS increases in popularity.

[cass]

 +5%

[xiahui135]

I'm pretty sure they sold near the bottom. :P

Look on the bright side...at least their CNY didn't go up in smoke :P

At least the fund of the dev team is under control. So how long the play team can go is under control.

[Empirical1.1]

Its very nice that they bought bitCNY.

+5%

[Ander]

Its very nice that they bought bitCNY.

[fuzzy]

I'm pretty sure they sold near the bottom. :P

Look on the bright side...at least their CNY didn't go up in smoke :P

[Ander]

I'm pretty sure they sold near the bottom. :P

[lzr1900]

good

[xiahui135]

play have the right choice.

[btswildpig]

https://bitsharestalk.org/index.php?topic=13364.msg174810#new


Just heard , Play sold 1000 BTC and got   1,197,344.88 CNY ,  then they purchase BitCNY with 30,0000 CNY . (about 48543 USD value . )