Quote from: monsterer on November 17, 2014, 11:40:21 AM

Quote from: cn-members on November 17, 2014, 11:31:00 AM
You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

What is the total order book bid depth in CNY?

The order book can only see 30 lists  ? So I don't know all .

From current price to 0.0131USD , there are around 70000 USD worth of CNY buy orders .

And once the price is low enough , more people would want to buy , so the order book is not equal to reality .

Quote from: eagleeye on November 17, 2014, 11:34:54 AM

Quote from: cn-members on November 17, 2014, 11:31:00 AM
You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 CNY often = 6.1  USD .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .

Yes CNY is by far the best Government Issued-National currency.

Sorry about the mix up . It should be 1USD = 6.1CNY

Quote from: cn-members on November 17, 2014, 11:31:00 AM
You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

What is the total order book bid depth in CNY?

Quote from: cn-members on November 17, 2014, 11:31:00 AM
You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 CNY often = 6.1  USD .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .

Yes CNY is by far the best Government Issued-National currency.

You can find the best trading pair to obtain the best fiat or BTC value .

You can go to the http://en.btc38.com/     BTS:CNY pair , there you can get a lot of CNY .

Then , you can buy BTC with the CNY , and take the BTC to your wallet to do whatever you want (sell it on other exchange for USD maybe).

1 USD often = 6.1  CNY .

Of course , as for the delegates , we encourage them not to sell at least for a couple of months until the market depth is deeper than now .

I often see pay rate estimates in USD created by looking at the current 'price' of BTS and just doing a straight multiply to arrive at a number. However, this gives a distorted view because the top price often has so little volume associated with it.

Indeed the entire buy side order book at BTER.com for BTS/USD has less than $200!

This means, to cash out to USD, you have to go from BTS->BTC->USD.

Looking at the BTS/BTC market in BTER, a sell of 12,960,000 BTS (101 delegates at 100% pay rate for 1 month) would clean out the order book completely, and result in a slippage of around 500 BTC total value.

Long story short, on BTER, 100% pay, for 1 month, in USD at current market cap of 35M USD after slippage = ~$200

Obviously this is worst case, since I'm only considering 1 exchange here...