Author Topic: Does great marketing explain why 75% of BTSX traded volume is in CNY  (Read 5657 times)

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Offline oldman

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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 johncitizen

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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 eagleeye

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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 eagleeye

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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 taoljj

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 +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.taoljj

Offline CrazyCriple

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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 quiz

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比特股竞猜:http://btsx.me 比特股区块:http://b.btsx.me 比特股博客:http://blog.btsx.me
新浪微博号:http://weibo.com/btsxQQ群:165290499


Offline emski

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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 tonyk

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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 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?