BitShares Forum
Main => General Discussion => Topic started by: nethyb on September 10, 2014, 07:43:57 am
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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://coinmarketcap.com/currencies/bitshares-x/#markets)
http://www.sosobtc.com/kline/btsx/btc38.html (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?
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It can not be replicated!
The White man is stupid (for the most part).
MHO
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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 .
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shabi
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shabi
+5% +5% +5%
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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.
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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://coinmarketcap.com/currencies/bitshares-x/#markets)
http://www.sosobtc.com/kline/btsx/btc38.html (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.
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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.
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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.
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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.
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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.
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China 19% of world population
USA 4% of world population
It will always be 75% for CNY unless...we talk to the Saudis (OPEC) and we have them trade their oil only for BTSX, hehehe
I would love to see BitOil traded for BTSX
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BM said the CNY market will open at 3pm EST. I guess that's when the fork is. You can see the pressure building on the bitCNY:BTSX chart.
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I would love to see BitOil traded for BTSX
I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?
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shabi
+5% +5% +5%
Sha Bi: http://www.urbandictionary.com/define.php?term=Sha+Bi
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I would love to see BitOil traded for BTSX
I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?
why not? not sure over where you are but over my way i can trade it as easy as gold or silver or any other stocks
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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.
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I would love to see BitOil traded for BTSX
I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?
No way as direct as buying bitOIL.
But bitOIL is not going to be that useful - will need WTI and Brent.
Perhaps bitOIL.Brent and bitOIL.WTI to start.
I agree that the basic commodities should be very high on the priority list.
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I agree that the basic commodities should be very high on the priority list.
BM enlightened us in another thread. see for your self:
>>> blockchain_get_asset WTI
{
"id": 5,
"symbol": "WTI",
"name": "Light Sweet Crude Oil",
"description": "1 barrel light sweet crude oil",
"public_data": "",
"issuer_account_id": -2,
"precision": 10000,
"registration_date": "20140719T000000",
"last_update": "20140719T000000",
"current_share_supply": 0,
"maximum_share_supply": 1000000000000000,
"collected_fees": 0
}
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I agree that the basic commodities should be very high on the priority list.
BM enlightened us in another thread. see for your self:
>>> blockchain_get_asset WTI
{
"id": 5,
"symbol": "WTI",
"name": "Light Sweet Crude Oil",
"description": "1 barrel light sweet crude oil",
"public_data": "",
"issuer_account_id": -2,
"precision": 10000,
"registration_date": "20140719T000000",
"last_update": "20140719T000000",
"current_share_supply": 0,
"maximum_share_supply": 1000000000000000,
"collected_fees": 0
}
And there it is. These boys don't mess around.
+5%
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its been there from the start (id=5) ;-)
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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.
Correct me if I am wrong but isn't btsx only traded on Chinese exchanges? What exchanges other exchanges can btsx be traded on.
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some exchanges listed at the very bottom of:
http://bitshares-x.info/about.php
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some exchanges listed at the very bottom of:
http://bitshares-x.info/about.php
Thanks I stand corrected.
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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.
Correct me if I am wrong but isn't btsx only traded on Chinese exchanges? What exchanges other exchanges can btsx be traded on.
http://coinmarketcap.com/currencies/bitshares-x/#markets
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I've also heard from some Chineese, that you hear zero about Ether, ripple, NxT... over there. Unlike here where everyone is talking only about Ether. It appears that over there, it is all about BTSX.