Author Topic: BitUSD and BitCNY at poloniex!!!  (Read 2953 times)

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Offline testz


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Offline Empirical1.2

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #2 on: November 25, 2015, 06:23:41 am »
 +5% Well done whoever got that done
If you want to take the island burn the boats

Offline Riverhead

Re: BitUSD and BitCNY at poloniex!!!
« Reply #3 on: November 25, 2015, 06:25:40 am »

I'm gonna guess Xeroc.  +5%

Offline rgcrypto

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #4 on: November 25, 2015, 06:32:28 am »
#sharesbit "xeroc" 1 THANKYOU

#sharesbit "xeroc" 1 FISTBUMP

#sharesbit "xeroc" 1 HIGHFIVE

« Last Edit: November 25, 2015, 06:34:13 am by rgcrypto »

Offline DestBest

Re: BitUSD and BitCNY at poloniex!!!
« Reply #5 on: November 25, 2015, 06:32:47 am »
Very nice!  8)

Note: Shouldn't the market be bitusd:btc instead of btc:bitusd ?
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Tuck Fheman

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #6 on: November 25, 2015, 06:34:07 am »
BitUSD and BitCNY at poloniex!!!
https://www.poloniex.com/exchange#btc_bitusd
https://www.poloniex.com/exchange#btc_bitcny

#sharebits "testz" 1 THANKYOU

^ to make up for my bounced THANKYOU earlier. ;)

Offline btstip

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #7 on: November 25, 2015, 06:34:51 am »
Hey Tuck Fheman, here are the results of your tips...
  • testz: has been credited 1 THANKYOU
Curious about BtsTip? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Created by hybridd

Offline tonyk

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #8 on: November 25, 2015, 06:48:48 am »
ha

anyone willing to trade them? {I am willing to trade them just for he volume}.

or is it gonna be another great "Talk a lot, do not do much".

A thing the BTS community is known for... at least so far.
« Last Edit: November 25, 2015, 06:53:16 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline testz

Re: BitUSD and BitCNY at poloniex!!!
« Reply #9 on: November 25, 2015, 06:54:25 am »
ha

anyone willing to trade them? {I am willing to trade them just for he volume}.

or is it gonna be another great "Talk a lot, do not do much".

A thing the BTS community is known for... at least so far.

Time will show.

Offline lzr1900

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #10 on: November 25, 2015, 06:55:28 am »

ha

anyone willing to trade them? {I am willing to trade them just for he volume}.

or is it gonna be another great "Talk a lot, do not do much".

A thing the BTS community is known for... at least so far.
agreed

Offline testz

Re: BitUSD and BitCNY at poloniex!!!
« Reply #11 on: November 25, 2015, 06:58:37 am »
ha

anyone willing to trade them? {I am willing to trade them just for he volume}.

or is it gonna be another great "Talk a lot, do not do much".

A thing the BTS community is known for... at least so far.

I agree with you if BitUSD will trade only at one exchange, and disagree if it's will trade in few, because in this case it's can be used as fast "fiat" transfer between exchanges for arbitrage.

clout

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #12 on: November 25, 2015, 07:03:32 am »
Very nice!  8)

Note: Shouldn't the market be bitusd:btc instead of btc:bitusd ?

BitUSD is not a base asset, which is annoying but understandable given that it is a newly integrated crypto currency. Hopefully if we can do more volume in their BitUSD/BTC market than is transacted in the the USDT/BTC market we can get BitUSD to serve as a base currency. Additionally, I will be reaching out to both Poloniex and Bittrex (who will be integrating BitCNY soon) to provide an ETH/BitCNY market since there is substantial demand for ETH in china but no ETH/CNY markets.

clout

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #13 on: November 25, 2015, 07:13:02 am »
ha

anyone willing to trade them? {I am willing to trade them just for he volume}.

or is it gonna be another great "Talk a lot, do not do much".

A thing the BTS community is known for... at least so far.

The reason why it is important to have BitCNY and BitUSD on Poloniex at this point is because we currently don't have the bond market operational. You can now earn interest on your BitCNY and BitUSD. Going forward margin trading in the BitUSD and BitCNY markets on poloniex should increase the volume. Additionally, shapeshift.io currently uses Yunbi's BTC/BitUSD market for their BitUSD bridge. The Poloniex' market could have much more volume than that of Yunbi and if shapeshift switches to relying on the Poloniex BTC/BitUSD market they will also be more inclined to add BitCNY.

Offline tonyk

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Re: BitUSD and BitCNY at poloniex!!!
« Reply #14 on: November 25, 2015, 07:30:20 am »
I think, I am HEAVELY misunderstood here.

I think these are great news.

I also think making a bot on polo is as easy as it gets.

But I still think it will be 6 mo. of me and 2 other traders taking each other's money, one trade at a time...for a net gain of nothing.

Hope I am wrong.
« Last Edit: November 25, 2015, 07:34:19 am by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.