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I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY
Quote from: arhag on February 10, 2015, 06:52:22 pmQuote from: bluebit on February 10, 2015, 02:13:53 amI'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY Market cap of BitAssets is irrelevant from an investment point of view (investment in the BitAsset that is). As long as the peg works (and it is working) 1 BitCNY will always approximately equal 1 CNY, and the value of CNY has not been rising by much relative to USD over the long-term (assuming you are thinking about your investments in dollars).But you get yield, right? It's a conservative investment.
Quote from: bluebit on February 10, 2015, 02:13:53 amI'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY Market cap of BitAssets is irrelevant from an investment point of view (investment in the BitAsset that is). As long as the peg works (and it is working) 1 BitCNY will always approximately equal 1 CNY, and the value of CNY has not been rising by much relative to USD over the long-term (assuming you are thinking about your investments in dollars).
Great great work guys. http://www.tradebts.com/As a american I would be more then happy to use bitCNY and the above site if a English version can also be done.
BTC38 will enable bitcny deposit at next few days.When you deposit bitcny to us, you'll get CNY in your balance.1000bitcny = 1005 cnyAt the start time. each user can only deposit less than 5,000bitcny. total limit is 100,000bitcny at one day.BTS/CNY: http://www.btc38.com/trade_en.html?btc38_trade_coin_name=bts
Quote from: monsterer on December 12, 2014, 09:11:14 amThe fiat fiat gateway! Fantastic work How are they going from bitCNY -> CNY, or do they hold bitCNY?Forum member @gulu launched a bitcny<-->cny gateway allowing 1:1 exchanges two weeks ago (with no fees at this moment).Everyday btc38 sends bitcny via blockchain to gulu who then sends back btc38 the cny via banks. Probably btc38 won't hold bitcny unless they also want to launch a gateway.You can find gulu's site here (now only available in Chinese): http://www.tradebts.com/Thank you, gulu and btc38.
The fiat fiat gateway! Fantastic work How are they going from bitCNY -> CNY, or do they hold bitCNY?
Quote from: Frodo on December 12, 2014, 08:58:26 amQuote from: Btc38 on December 12, 2014, 06:40:41 am1000bitcny = 1005 cnyWow, is this correct? Not the other way around? haha , they charge 1% extra for withdraw fiat CNY and other cryptos ..so ....
Quote from: Btc38 on December 12, 2014, 06:40:41 am1000bitcny = 1005 cnyWow, is this correct? Not the other way around?
1000bitcny = 1005 cny
Great news!Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?