Few thought it was even possible, no ano thought it will ever be done. Yet they did it, so for that Congrats to all involved!
The first ever currency that no one wants to buy, the first currency that no one wants to sell. At one at the same time, mind you!
Why? the short sellers are screwed, as always, with at least 10% due to the shorts quality of punishment rules to name just one, the buyers have no guarantee at what price they gonna sell, due to convenient recent removal of the force settlement at the feed. [And good luck committee member if you think it is temporary, good luck with getting transwiser to vote back on that]. What is the results of those 2? The difference between buy and sell price of 57% for any semi-reasonable amount [buy at 35 bts- sell of 55 bts/bitCNY current prices]
You do not believe this is a great achievement? Think again! Is there another investment with this kind of enormous flexibility? No, there is not!
The new bitCNY is so unique it is somewhat oxymoronic. - When you expect the price to go up you as well might sell, when you expect the price to go down buying into it is as safe as any other course of action you might take. The greatest financial discovery...ever.
Here is how its main feature works:
You expect the price to go up. So you sell at the sell price.... even if you are correct and the price moves against you? You are SAFE as with nothing else out there. Even if the price moves 57% in the wrong direction you just buy at the buy price... and you are as golden as not being on the wrong side of the trade. Same marvelously works if you wanna bet wrong in the other direction
ENJOY!!!!