BitShares Forum

Main => General Discussion => Topic started by: Method-X on September 10, 2014, 03:39:03 am

Title: Almost enough depth for BitCNY, go play in the market!
Post by: Method-X on September 10, 2014, 03:39:03 am
Exciting!
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: bytemaster on September 10, 2014, 04:09:31 am
Quote from: MeTHoDx on September 10, 2014, 03:39:03 am
Exciting!

Tomorrow at 3PM EST.
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: bitrose on September 10, 2014, 04:19:45 am
good news
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: yellowecho on September 10, 2014, 04:20:56 am
 +5%
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: mtang on September 10, 2014, 04:46:55 am
Great. I think more and more people will be willing to hold bitCNY in China
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: oldman on September 10, 2014, 05:12:45 am
Quote from: mtang on September 10, 2014, 04:46:55 am
Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: Riverhead on September 10, 2014, 12:15:57 pm
The Great Wall of China. It's coming!


(http://i.imgur.com/oYK26Xu.png)
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: James212 on September 10, 2014, 12:25:38 pm
Quote from: OldMan on September 10, 2014, 05:12:45 am
Quote from: mtang on September 10, 2014, 04:46:55 am
Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.

Has anyone been able to do rough projections of approximately what the yield of the various assets would be?
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: bytemaster on September 10, 2014, 12:39:08 pm
10% is possible
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: yellowecho on September 10, 2014, 01:19:41 pm
Just curious.. why bitCNY and not bitRMB?  Would our Chinese friends not prefer bitRMB?


Sent from my iPhone using Tapatalk
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: mtang on September 10, 2014, 01:29:19 pm
Quote from: yellowecho on September 10, 2014, 01:19:41 pm
Just curious.. why bitCNY and not bitRMB?  Would our Chinese friends not prefer bitRMB?


Sent from my iPhone using Tapatalk

I think bitCNY and bitRMB are the same for users. But if something named bitRMB it will let the Chinese Gov more 'curious'  :-[ :-X
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: svk on September 10, 2014, 03:03:01 pm
I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: biophil on September 10, 2014, 03:20:49 pm
Quote from: svk on September 10, 2014, 03:03:01 pm
I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?

It's reducing to 500,000 BTSX (I believe on each side): https://github.com/dacsunlimited/bitsharesx/releases
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: bitshare007777 on September 10, 2014, 03:33:12 pm
BitCNY: BTSX market，
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But，the client still display insufficient depth ！
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: bytemaster on September 10, 2014, 03:51:18 pm
Quote from: bitshare007777 on September 10, 2014, 03:33:12 pm
BitCNY: BTSX market，
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But，the client still display insufficient depth ！

Hard fork is still 3 hours away.
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: svk on September 10, 2014, 03:56:12 pm
Right so 500k BTSX once the hard fork happens at 15pm EST, thanks all.

Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: biophil on September 10, 2014, 07:42:39 pm
Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: roadscape on September 10, 2014, 08:07:08 pm
Quote from: biophil on September 10, 2014, 07:42:39 pm
Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?
Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: biophil on September 10, 2014, 08:17:03 pm
Quote from: roadkill on September 10, 2014, 08:07:08 pm
Quote from: biophil on September 10, 2014, 07:42:39 pm
Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?

Look at the BTSX/CNY market on btc38, the big Chinese exchange. You could try to infer it through a bunch of intermediate steps, but I prefer the direct method.

Sent from my SCH-S720C using Tapatalk 2

Title: Re: Almost enough depth for BitCNY, go play in the market!
Post by: Riverhead on September 10, 2014, 09:44:31 pm
Bid depth about to pass....


(http://dailyhaymaker.com/wp-content/uploads/2014/01/drevil.png) (BTSX)