Can I buy BitUSD on Bter and convert it over to BTSX?

Started by Providence, August 31, 2014, 07:57:17 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

Print
Go Down Pages1
User actions

bytemaster

#2
August 31, 2014, 07:58:43 PM
If you buy BitUSD on Bter... then transfer to BTSX you will have to sell it for BTSX on the on-chain market.   Until you transfer it to BTSX on chain your maximum "gain" is the difference between USD and the eventual peg.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Providence

#1
August 31, 2014, 07:57:17 PM Last Edit: August 31, 2014, 07:59:15 PM by Providence
Since BitUSD is selling at a "discount", would it be better to:

a) buy actual BTSX from Bter

b) Buy BitUSD on Bter -> send to wallet -> convert to BTSX

???

Or do I have the dynamics wrong? My head hurts.  :-\
Print
Go Up Pages1
User actions