BitShares Forum

Main => General Discussion => Topic started by: btswildpig on April 27, 2015, 06:12:31 pm

Title: 1 BitCNY is no longer worth 1 CNY at the moment
Post by: btswildpig on April 27, 2015, 06:12:31 pm
http://www.transwiser.com/

transwiser.com is offering 1.004 CNY for 1 BitCNY 

I could earn some money if only I can get some BitCNY at the cost of exactly 1 CNY and sell it on transwiser.com , and goes on and on ...
Title: Re: 1 BitCNY is no longer worth 1 CNY at the moment
Post by: Ander on April 27, 2015, 06:21:14 pm
Its interesting how when the bitUSD and bitCNY pegs broke slightly, they caused the bitAssets to become MORE valuable, not less.  (Probably because the system ended up being too biased against the shorts). 
Title: Re: 1 BitCNY is no longer worth 1 CNY at the moment
Post by: btswildpig on April 27, 2015, 06:23:44 pm
Its interesting how when the bitUSD and bitCNY pegs broke slightly, they caused the bitAssets to become MORE valuable, not less.  (Probably because the system ended up being too biased against the shorts).

Transwiser is testing a theory to see if people will short more BitCNY if he offers higher price on BitCNY .