BitShares Forum

Main => General Discussion => Topic started by: Providence on August 31, 2014, 07:57:17 pm

Title: Can I buy BitUSD on Bter and convert it over to BTSX?
Post by: Providence on August 31, 2014, 07:57:17 pm

Since BitUSD is selling at a "discount", would it be better to:

a) buy actual BTSX from Bter

b) Buy BitUSD on Bter -> send to wallet -> convert to BTSX

???

Or do I have the dynamics wrong? My head hurts.  :-\

Title: Re: Can I buy BitUSD on Bter and convert it over to BTSX?
Post by: bytemaster on August 31, 2014, 07:58:43 pm

If you buy BitUSD on Bter... then transfer to BTSX you will have to sell it for BTSX on the on-chain market.   Until you transfer it to BTSX on chain your maximum "gain" is the difference between USD and the eventual peg.