Author Topic: Situation report : The shortage of BitCNY begins  (Read 10614 times)

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Offline btswildpig

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We have extremely low demand for bitCNY on metaexchange - not sure if that is due to the chinese community not knowing about us, or what...

https://metaexchange.info/markets/BTC/bitCNY

BitCNY is 1:1 exchange with fiat directly in China . so BTC trading is not attractive .
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Offline monsterer

We have extremely low demand for bitCNY on metaexchange - not sure if that is due to the chinese community not knowing about us, or what...

https://metaexchange.info/markets/BTC/bitCNY
My opinions do not represent those of metaexchange unless explicitly stated.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline rgcrypto

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Glad to see high demand. It's a good problem to have

Offline btswildpig

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they can buy on metaexchange.info

The demand is like at least 10,000 USD worth of BitCNY for just a few ordinary guys I know , not to mention other people and business .
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Offline wuyanren

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Offline Shentist

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Offline btswildpig

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Before the massive adoption , the shortage of BitCNY already begun .
Now www.tradebts.com is charging additional fees for buying BitCNY as a temporary solution .
Many people who want to buy BitCNY to cover their shorts still worrying ...
Also business who is looking to adopt BitCNY would be stuck at the bottleneck .

Looks like we have demand for the major product , and the supply is not enough ....

But also because of the low price and may be some endopathic mechanism (eg. I don't know .... ), people don't have big incentive to produce more BitCNY  .....

Demand from BitCNY comes from :
1、BitCNY can be deposit into BTC38 as CNY on a 1:1 ratio , it increases the usage of BitCNY because of the low spread  .
2、People are stockpiling BitCNY for a crowd-funding project .
3、To cover the short position .
« Last Edit: April 06, 2015, 04:10:40 pm by btswildpig »
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.