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Main => General Discussion => Topic started by: Btc38 on December 12, 2014, 06:40:41 am

Title: BTC38:We will enable bitcny deposit over the next few days.
Post by: Btc38 on December 12, 2014, 06:40:41 am
BTC38 will enable bitcny deposit at next few days.

When you deposit bitcny to us, you'll get CNY in your balance.
1000bitcny = 1005 cny

At the start time. each user can only deposit less than 5,000bitcny. total limit is 100,000bitcny at one day.

BTS/CNY: http://www.btc38.com/trade_en.html?btc38_trade_coin_name=bts
Title: Re: BTC38:We will enable bitcny deposit at next few days.
Post by: Riverhead on December 12, 2014, 06:41:15 am
 +5% +5% +5% +5% +5% +5%
Title: Re: BTC38:We will enable bitcny deposit at next few days.
Post by: Ander on December 12, 2014, 06:41:18 am
+100000%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Overthetop on December 12, 2014, 06:47:51 am
 +5% +5% +5%

Another big step of the BTS Ecosystem!
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: btswildpig on December 12, 2014, 06:49:18 am
foreign customer can also buy BitCNY with BTS in the wallet's inner-market then fund your BTC38 CNY balance with BitCNY to trade all kinds of crypto products at BTC38 with better liquidity from the CNY trading pairs .

of course you can also buy BitCNY from someone willing to sell it to you
But at this point you can't with BitCNY or BitUSD from BTC38 directly .
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: gamey on December 12, 2014, 06:56:35 am
We need to make sure to give btc38 as much support as we possibly can.  It is a nice site even though it relies on Facebook login for American side.

I wish btc38 would make their English login easier to find.  Perhaps a little American flag would do the trick. 

http://www.btc38.com/trade_en.html (http://www.btc38.com/trade_en.html)
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: CryptoPrometheus on December 12, 2014, 07:17:23 am
Excellent! You guys are the first exchange to recognize the legitimacy of bitassets and literally stake your money on it. We are honored by your participation!

Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: dexinwong on December 12, 2014, 07:32:11 am
COOL... +5% +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: clayop on December 12, 2014, 07:42:03 am
 +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: dkhahm on December 12, 2014, 07:56:29 am
 +5% +5% +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Markus on December 12, 2014, 08:02:26 am
Great news!

Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: btswildpig on December 12, 2014, 08:03:05 am
Great news!

Will we also be able to withdraw CNY balances as BitCNY or is this for depositing BitCNY only?

Deposit BitCNY only for now .
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: eagleeye on December 12, 2014, 08:20:27 am
Wow +5% +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: joele on December 12, 2014, 08:52:09 am
Wow, bitCNY is now liquid. +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Frodo on December 12, 2014, 08:58:26 am
1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: monsterer on December 12, 2014, 09:11:14 am
The fiat fiat gateway! Fantastic work :)

How are they going from bitCNY -> CNY, or do they hold bitCNY?
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: cn-members on December 12, 2014, 09:21:19 am
1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o

haha , they charge 1% extra for withdraw fiat CNY and other cryptos ..so ....
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Frodo on December 12, 2014, 09:25:47 am
1000bitcny = 1005 cny

Wow, is this correct? Not the other way around?  :o

haha , they charge 1% extra for withdraw fiat CNY and other cryptos ..so ....

Well, fair enough.
I always thought that 1% thing was only for BTS. (like on BTER)
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: matt608 on December 12, 2014, 11:25:56 am
 +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Empirical1.1 on December 12, 2014, 11:30:12 am
 +5%  +5% Great work guys, thanks BTC38 and Chinese marketing team for this good work!
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: muse-umum on December 12, 2014, 11:36:15 am
The fiat fiat gateway! Fantastic work :)

How are they going from bitCNY -> CNY, or do they hold bitCNY?

Forum member @gulu launched a bitcny<-->cny gateway allowing 1:1 exchanges two weeks ago (with no fees at this moment).

Everyday btc38 sends bitcny via blockchain to gulu who then sends back btc38 the cny via banks. Probably btc38 won't hold bitcny unless they also want to launch a gateway.

You can find gulu's site here (now only available in Chinese): http://www.tradebts.com/

Thank you, gulu and btc38.
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: 天籁 on December 12, 2014, 12:37:28 pm
The fiat fiat gateway! Fantastic work :)

How are they going from bitCNY -> CNY, or do they hold bitCNY?

Forum member @gulu launched a bitcny<-->cny gateway allowing 1:1 exchanges two weeks ago (with no fees at this moment).

Everyday btc38 sends bitcny via blockchain to gulu who then sends back btc38 the cny via banks. Probably btc38 won't hold bitcny unless they also want to launch a gateway.

You can find gulu's site here (now only available in Chinese): http://www.tradebts.com/

Thank you, gulu and btc38.
:P +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Gentso1 on December 12, 2014, 01:32:04 pm
Great great work guys.  :-*

http://www.tradebts.com/ (http://www.tradebts.com/)

As a american I would be more then happy to use bitCNY and the above site if a English version can also be done.
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: mitao on December 12, 2014, 01:42:32 pm
Best marketing effort in the past year!


Sent from my iPhone using Tapatalk
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: yellowecho on December 12, 2014, 05:14:02 pm
Whoa, fantastic news!!  +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Shentist on December 12, 2014, 10:30:53 pm
yeah, great news on this side, but got crushed from the update desaster.
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Mysto on December 13, 2014, 01:37:53 am
BTC38 will enable bitcny deposit at next few days.

When you deposit bitcny to us, you'll get CNY in your balance.
1000bitcny = 1005 cny

At the start time. each user can only deposit less than 5,000bitcny. total limit is 100,000bitcny at one day.

BTS/CNY: http://www.btc38.com/trade_en.html?btc38_trade_coin_name=bts


WOW  +5% +5% +5% +5% +5% +5%
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Mysto on December 13, 2014, 01:41:32 am
Great great work guys.  :-*

http://www.tradebts.com/ (http://www.tradebts.com/)

As a american I would be more then happy to use bitCNY and the above site if a English version can also be done.
Please do this^^^
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: vlight on February 10, 2015, 12:36:47 am
So, BitCNY is currently #85 on Coinmarketcap and is silently overtaking the crypto world.  ;)
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: teenagecheese on February 10, 2015, 01:25:01 am
Interesting, bitCNY's market cap has been steadily on the rise while bitUSD has been dropping. What do you think the reasons for this are?

I can guess:
1. The 1:1 bitCNY to CNY exchange rate
2. Better marketing in China (from what I hear)
3. More demand to have a secure digital currency in China due to the economic conditions and financial laws there.

Any other reasons? Any ways we can get this going for bitUSD
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: bluebit on February 10, 2015, 02:13:53 am
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: arhag on February 10, 2015, 06:52:22 pm
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)

Market cap of BitAssets is irrelevant from an investment point of view (investment in the BitAsset that is). As long as the peg works (and it is working) 1 BitCNY will always approximately equal 1 CNY, and the value of CNY has not been rising by much relative to USD over the long-term (assuming you are thinking about your investments in dollars).
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: blahblah7up on February 10, 2015, 06:56:24 pm
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)

Market cap of BitAssets is irrelevant from an investment point of view (investment in the BitAsset that is). As long as the peg works (and it is working) 1 BitCNY will always approximately equal 1 CNY, and the value of CNY has not been rising by much relative to USD over the long-term (assuming you are thinking about your investments in dollars).

But you get yield, right?  It's a conservative investment.  ;)
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: arhag on February 10, 2015, 06:58:20 pm
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)

Market cap of BitAssets is irrelevant from an investment point of view (investment in the BitAsset that is). As long as the peg works (and it is working) 1 BitCNY will always approximately equal 1 CNY, and the value of CNY has not been rising by much relative to USD over the long-term (assuming you are thinking about your investments in dollars).

But you get yield, right?  It's a conservative investment.  ;)

Sure, you get yield. But the yield you get has no correlation to the market cap. The implication of bluebit's post was that rising market cap means good investment, and I was just pointing out how that is not the case with BitAssets.
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: btswildpig on February 10, 2015, 06:58:54 pm
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)

because supply is rising through demand ? The price is still= 1CNY ,but supply increases
Title: Re: BTC38:We will enable bitcny deposit over the next few days.
Post by: Ander on February 10, 2015, 06:59:21 pm
I'd like to know that answer to this as well, why is BitCNY rising in market cap? Maybe I should be investing in some BitCNY :)

bitCNY rises in market cap when more of it is created.  (It is created when someone with BTS shorts it into existance, tying up their BTS as collateral in order to create it).  Then they sell the bitCNY to a buyer.