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Main => General Discussion => Topic started by: bytemaster on July 22, 2015, 01:10:40 pm

Title: Large volume of Buy Orders for BitUSD above $1.00 on CCEDK
Post by: bytemaster on July 22, 2015, 01:10:40 pm
The USD/BitUSD market is currently offering a premium for BitUSD with thousands of dollars above $1.00. 

Title: Re: Large volume of Buy Orders for BitUSD above $1.00 on CCEDK
Post by: Blazin8888 on July 22, 2015, 01:39:20 pm
I don't understand how this works. How far above $1 is bitusd capable of going?
Title: Re: Large volume of Buy Orders for BitUSD above $1.00 on CCEDK
Post by: testz on July 22, 2015, 01:46:30 pm
Quote from: Blazin8888 on July 22, 2015, 01:39:20 pm
I don't understand how this works. How far above $1 is bitusd capable of going?

Above it's 1.02$ per BitUSD:
https://www.ccedk.com/bitusd-usd
Title: Re: Large volume of Buy Orders for BitUSD above $1.00 on CCEDK
Post by: cylonmaker2053 on July 22, 2015, 01:50:45 pm
Quote from: bytemaster on July 22, 2015, 01:10:40 pm
The USD/BitUSD market is currently offering a premium for BitUSD with thousands of dollars above $1.00.

hasn't bitUSD always sold at a premium to USD? At least since i started tracking it on CMC that has been the case. now that i think about it, i was worried about bitUSD trading above par with 2.0, but that's kind of silly since that's long been the case.
Title: Re: Large volume of Buy Orders for BitUSD above $1.00 on CCEDK
Post by: testz on July 22, 2015, 02:22:45 pm
Quote from: cylonmaker2053 on July 22, 2015, 01:50:45 pm
Quote from: bytemaster on July 22, 2015, 01:10:40 pm
The USD/BitUSD market is currently offering a premium for BitUSD with thousands of dollars above $1.00.

hasn't bitUSD always sold at a premium to USD? At least since i started tracking it on CMC that has been the case. now that i think about it, i was worried about bitUSD trading above par with 2.0, but that's kind of silly since that's long been the case.

You can check history here: http://coinmarketcap.com/assets/bitusd/#charts