Author Topic: Come on and build the channel to USD fiat world.  (Read 1687 times)

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Offline lafona

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This sounds really interesting. Does the arbitrage opportunity always go the same direction? If not we could try to start the USDT:bitCNY market and remove one of the intermediate steps for those willing to take advantage of the arbitrage opportunity. Anyways it looks like the USDT:bitUSD market is pretty healthy now and hopefully people will start to use it more.
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Offline ebit

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Offline bitcrab

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below pics shows the BTC price in China offsite market and poloniex at the same time.





in China the price is about 8593 CNY/BTC, in polo the price is about 1190

8593/1190 = 7.22

the goverment announced USD/CNY rate is about 6.92, however the real market rate today is about 7.15, even so there space for arbitrage trading.

I hope we can build a channel to the fiat USD world with the help of bitUSD and USDT, suppose that let non-USD world always provide more than 2000 bitUSD offer to buy USDT at 0.98-1 bitUSD, and USD world always offer more than 2000 USDT to sell at 1-1.02 bitUSD.

I can play the role to offer bitUSD, anyone would like to play the role to offer USDT? :)







Email:bitcrab@qq.com