I've been puzzled recently about the significant difference between the price for BTS/BTC and BTS/CNY (10-15% some times). It seems there's a premium if you want to buy BTS with CNY, and it's much cheaper with BTC.
I'm no trader so I'm not the type to do arbitrage trading, but I guess it could be kind of profitable for whales to do so?
If by BTC you mean bitBTC, there is no arbitrage opportunity here, since it is traded at premium against OPEN.BTC and other assets.
I was referring to the external exchanges in this case, BTS is traded at a premium on exchanges on which it's traded for CNY (BTC38 for example) compared to those on which it's traded for BTC (Poloniex).
Hope everyone enjoyed being rich for a week
Looks like it will recover. Anytime Bitcoin has a run, most alt's are sold off as exchanges such as Poloniex are mostly traded vs btc.
This could help: https://bitsharestalk.org/index.php/topic,24130.0.html
I'm not worried, I wasn't expecting the trip to be smooth. Bitcoin has had hard times after the first run up to a 1000$ at the end of 2013. It stayed at about a quarter of its ATH for almost a year before it recovered.
Anyway, a little dip like the one BTS just had gives an opportunity to get in for those who just noticed Bitshares. I'm just happy it went up from the 0.003-0.005$/BTS zone in which it was stuck for a very long time.
I'm still bullish long term (3-5 years). I won't say "To the moon!", because honestly it doesn't make sense, but I believe Bitshares could have a market cap of at least a few billions by 2020, maybe more if interesting new projects are developed around the platform. At some point speculation will play a lesser role on BTS price and it will be less volatile than it is right now, and 25% instant price dips like we saw yesterday will be less likely to happen.
Topic: Bitshares price discussion (Read 1227309 times)
