Main Menu

BitCNY Price discrepancy

Started by biophil, June 21, 2017, 11:15:33 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

biophil

#4
June 22, 2017, 02:54:36 PM
Quote from: Customminer on June 22, 2017, 03:18:56 AM
Vote for witnesses who provide accurate price feeds.

Not as simple as that. Trog is right - BTS has a different price in China than in the US. It'll even back out.
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

Troglodactyl

#3
June 22, 2017, 03:22:47 AM
Price feeds are defined in terms of BTS, and BTS has been trading higher on Chinese exchanges recently than on other exchanges.

R

#2
June 22, 2017, 03:18:56 AM
Vote for witnesses who provide accurate price feeds.

biophil

#1
June 21, 2017, 11:15:33 PM
I have been watching the BitCNY price slide downwards relative to bitUSD for the past several weeks. Right now, by dividing bitUSD and bitCNY price feeds, the implied bitCNY/bitUSD price is about 0.133. On the other hand, Google gives the exchange rate between CNY and USD at 0.146.

Why the discrepancy between exchange rates?
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."
Print
Go Up Pages1
User actions