BitShares Forum
Main => General Discussion => Topic started by: bitcrab on March 11, 2017, 02:04:15 pm
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below pics shows the BTC price in China offsite market and poloniex at the same time.
(http://p1.bqimg.com/523014/af93c7149216095c.jpg)
(http://p1.bqimg.com/523014/d5e66a9e9adbc7a7.png)
in China the price is about 8593 CNY/BTC, in polo the price is about 1190
8593/1190 = 7.22
the goverment announced USD/CNY rate is about 6.92, however the real market rate today is about 7.15, even so there space for arbitrage trading.
I hope we can build a channel to the fiat USD world with the help of bitUSD and USDT, suppose that let non-USD world always provide more than 2000 bitUSD offer to buy USDT at 0.98-1 bitUSD, and USD world always offer more than 2000 USDT to sell at 1-1.02 bitUSD.
I can play the role to offer bitUSD, anyone would like to play the role to offer USDT? :)
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+5%
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+5%
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This sounds really interesting. Does the arbitrage opportunity always go the same direction? If not we could try to start the USDT:bitCNY market and remove one of the intermediate steps for those willing to take advantage of the arbitrage opportunity. Anyways it looks like the USDT:bitUSD market is pretty healthy now and hopefully people will start to use it more.
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+5%