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Offline nethyb

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The fact that 75% of daily volume in off-chain BTSX trading is in the BTSX/CNY pair intrigues me.

Sources:
http://coinmarketcap.com/currencies/bitshares-x/#markets
http://www.sosobtc.com/kline/btsx/btc38.html

Can anyone explain it ... is it purely down to the genius of the Asian' marketing team and others like Bo Shen.

And if so, how can it be replicated around the rest of the globe?

Offline tonyk

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #1 on: September 10, 2014, 07:52:28 AM »

It can not be replicated!

The White man is stupid (for the most part).

MHO
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline emski

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #2 on: September 10, 2014, 08:18:45 AM »
Or we observe some artificially inflated numbers on the exchange. Cant be sure.
Hopefully such things will be gone after everyone starts using BitsharesX .

Offline youdianweidao

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #3 on: September 10, 2014, 08:20:07 AM »
shabi

Offline quiz

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Offline CrazyCriple

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #5 on: September 10, 2014, 08:46:28 AM »
This is not good. Price is still controlled by some individuals. Marketing needs to start soon to get some USD/BTSX and others going.


Offline taoljj

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #6 on: September 10, 2014, 09:19:29 AM »
 +5% +5%
The fact that 75% of daily volume in off-chain BTSX trading is in the BTSX/CNY pair intrigues me.

Sources:
http://coinmarketcap.com/currencies/bitshares-x/#markets
http://www.sosobtc.com/kline/btsx/btc38.html

Can anyone explain it ... is it purely down to the genius of the Asian' marketing team and others like Bo Shen.

And if so, how can it be replicated around the rest of the globe?

Nope.
reason 1:Only China has large automatic exchanges.
reason 2:BTC38 is the only  large exchange that enlist BTSX in China.
reason 3:Crypto Currency is a small market with around 2 million people in it , only handful of them knows BTSX. And because China has the largest population,it's clearly more people in China knows BTSX than the rest of the world just looking at the ratio.

So,it's not marketing ,just a sad fact.
BTS      Witness: delegate.taolje
MUSE  Witness: tao

Offline eagleeye

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #7 on: September 10, 2014, 09:36:43 AM »

It can not be replicated!

The White man is stupid (for the most part).

MHO

The Asians believe in things still.  The white man is obsessed with sex or America.  You turn them away from that for a second, and they will believe again...but for now China believes in things.

Offline eagleeye

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #8 on: September 10, 2014, 09:51:05 AM »

It can not be replicated!

The White man is stupid (for the most part).

MHO

The Asians believe in things still.  The white man is obsessed with sex or America.  You turn them away from that for a second, and they will believe again...but for now China believes in things.

China has  already banned  crypto currency regarding bank accounts...but too lazy to enforce.....so ...still up and running.

Ya its crazy.  There are work arounds, thats what I presume is going on.

Offline johncitizen

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #9 on: September 10, 2014, 10:18:15 AM »
BTC 38 is a great exchange. Large community brings the high volume. Now with the english site many westerners are diving into the BTSX/CNY liquidity. Like a big magnet.

Chinese are very smart investors and have identified BTSX potential. After these marketing campaigns kick in I think we will see higher volume trading from western world.


Offline oldman

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #10 on: September 10, 2014, 05:43:41 PM »
BTC 38 is a great exchange. Large community brings the high volume. Now with the english site many westerners are diving into the BTSX/CNY liquidity. Like a big magnet.

Chinese are very smart investors and have identified BTSX potential. After these marketing campaigns kick in I think we will see higher volume trading from western world.

This.

Offline bluebit

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #11 on: September 10, 2014, 06:13:57 PM »
China 19% of world population
USA 4% of world population

It will always be 75% for CNY unless...we talk to the Saudis (OPEC) and we have them trade their oil only for BTSX, hehehe

I would love to see BitOil traded for BTSX
« Last Edit: September 10, 2014, 06:16:02 PM by bluebit »
BTSX TipMe: bluebit

Offline Riverhead

Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #12 on: September 10, 2014, 06:26:33 PM »
BM said the CNY market will open at 3pm EST. I guess that's when the fork is. You can see the pressure building on the bitCNY:BTSX chart.

Offline Method-X

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Re: Does great marketing explain why 75% of BTSX traded volume is in CNY
« Reply #13 on: September 10, 2014, 06:34:15 PM »
I would love to see BitOil traded for BTSX

I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?


 

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