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Offline ripplexiaoshan

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BTSX trade is open on btc38
« on: July 07, 2014, 02:51:04 AM »

http://www.btc38.com/trade.html?mk_type=btc&btc38_trade_coin_name=btsx


However, deposit and withdraw are not available now. The btsx are those from Feb 28th left on the btc38.

It's good to see what's the expectation of market before the official release of BTSX 1.0.
 +5% +5% +5%

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Offline toast

Re: BTSX trade is open on btc38
« Reply #1 on: July 07, 2014, 02:54:34 AM »
Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline ripplexiaoshan

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Re: BTSX trade is open on btc38
« Reply #2 on: July 07, 2014, 02:57:04 AM »
4 Million,  it's like trading future, so it will change the total amount according to 3I's decision, doesn't matter, it's like a test for market's willing.
« Last Edit: July 07, 2014, 02:58:57 AM by ripplexiaoshan »
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Offline heyD

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Re: BTSX trade is open on btc38
« Reply #3 on: July 07, 2014, 03:00:25 AM »
Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...

4,000,000

Offline bytemaster

Re: BTSX trade is open on btc38
« Reply #4 on: July 07, 2014, 03:04:38 AM »
Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...

4,000,000

We are not forced, they simply update everyones balance with the proper stock-split.
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Re: BTSX trade is open on btc38
« Reply #5 on: July 07, 2014, 03:06:39 AM »

Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...

4,000,000

We are not forced, they simply update everyones balance with the proper stock-split.

Go with 2 billion


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Offline Simeon II

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Re: BTSX trade is open on btc38
« Reply #6 on: July 07, 2014, 03:08:13 AM »
How do they enforce the shorts? Margin? If yes how much?

Sorry my Chinese is real bad... :D

OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???

Thanks for the quick reply!
« Last Edit: July 07, 2014, 03:30:18 AM by Simeon II »

Offline ripplexiaoshan

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Re: BTSX trade is open on btc38
« Reply #7 on: July 07, 2014, 03:34:56 AM »
How do they enforce the shorts? Margin? If yes how much?

Sorry my Chinese is real bad... :D

OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???

Thanks for the quick reply!

Yes, they multiply the pts by 1.33.
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Offline heyD

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Re: BTSX trade is open on btc38
« Reply #8 on: July 07, 2014, 03:36:40 AM »
How do they enforce the shorts? Margin? If yes how much?

Sorry my Chinese is real bad... :D

OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???

Thanks for the quick reply!

Yes, they multiply the pts by 1.33.

No. by 1.28

http://weibo.com/3945497871/BcrrUt9EF?mod=weibotime

Offline ripplexiaoshan

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Re: BTSX trade is open on btc38
« Reply #9 on: July 07, 2014, 03:45:19 AM »
How do they enforce the shorts? Margin? If yes how much?

Sorry my Chinese is real bad... :D

OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???

Thanks for the quick reply!

Yes, they multiply the pts by 1.33.

No. by 1.28

http://weibo.com/3945497871/BcrrUt9EF?mod=weibotime

Sorry, you are right. then what's the number "1.33", it looks so familiar. Time is too long, I have a bad memory :D
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Offline Simeon II

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Re: BTSX trade is open on btc38
« Reply #10 on: July 07, 2014, 03:59:34 AM »

Thanks ripplexiaoshan and heyD,

any ballpark or more precise info how many pts were left on btc38 by customers?

Offline Simeon II

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Re: BTSX trade is open on btc38
« Reply #11 on: July 07, 2014, 04:50:35 AM »

If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.

2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil

 ;D




Offline toast

Re: BTSX trade is open on btc38
« Reply #12 on: July 07, 2014, 04:54:46 AM »
I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Simeon II

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Re: BTSX trade is open on btc38
« Reply #13 on: July 07, 2014, 05:01:58 AM »
I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump

I do not think 250,100 PTS is small subset, but that's only my opinion and opinions:
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Offline sfinder

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Re: BTSX trade is open on btc38
« Reply #14 on: July 07, 2014, 05:07:13 AM »

If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.

2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil

 ;D

price will reach 0.02btc per btsx soon in btc38.  you are lucky
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