Almost enough depth for BitCNY, go play in the market!

Riverhead · September 10, 2014, 09:44:31 PM

Bid depth about to pass....

(BTSX)

biophil · September 10, 2014, 08:17:03 PM

Quote from: roadkill on September 10, 2014, 08:07:08 PM
Quote from: biophil on September 10, 2014, 07:42:39 PM
Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?

Look at the BTSX/CNY market on btc38, the big Chinese exchange. You could try to infer it through a bunch of intermediate steps, but I prefer the direct method.

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roadscape · September 10, 2014, 08:07:08 PM

Quote from: biophil on September 10, 2014, 07:42:39 PM
Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?

biophil · September 10, 2014, 07:42:39 PM

Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

svk · September 10, 2014, 03:56:12 PM

Right so 500k BTSX once the hard fork happens at 15pm EST, thanks all.

bytemaster · September 10, 2014, 03:51:18 PM

Quote from: bitshare007777 on September 10, 2014, 03:33:12 PM
BitCNY: BTSX market，
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But，the client still display insufficient depth ！

Hard fork is still 3 hours away.

bitshare007777 · September 10, 2014, 03:33:12 PM

BitCNY: BTSX market，
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But，the client still display insufficient depth ！

biophil · September 10, 2014, 03:20:49 PM

Quote from: svk on September 10, 2014, 03:03:01 PM
I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?

It's reducing to 500,000 BTSX (I believe on each side): https://github.com/dacsunlimited/bitsharesx/releases

svk · September 10, 2014, 03:03:01 PM

I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?

mtang · September 10, 2014, 01:29:19 PM

Quote from: yellowecho on September 10, 2014, 01:19:41 PM
Just curious.. why bitCNY and not bitRMB? Would our Chinese friends not prefer bitRMB?

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I think bitCNY and bitRMB are the same for users. But if something named bitRMB it will let the Chinese Gov more 'curious' :-[ :-X

yellowecho · September 10, 2014, 01:19:41 PM

Just curious.. why bitCNY and not bitRMB? Would our Chinese friends not prefer bitRMB?

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bytemaster · September 10, 2014, 12:39:08 PM

10% is possible

James212 · September 10, 2014, 12:25:38 PM

Quote from: OldMan on September 10, 2014, 05:12:45 AM
Quote from: mtang on September 10, 2014, 04:46:55 AM
Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.

Has anyone been able to do rough projections of approximately what the yield of the various assets would be?

Riverhead · September 10, 2014, 12:15:57 PM

The Great Wall of China. It's coming!

oldman · September 10, 2014, 05:12:45 AM

Quote from: mtang on September 10, 2014, 04:46:55 AM
Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.