Author Topic: bitUSD price  (Read 14762 times)

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Offline xeroc

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I am personally interested in bitEur but I trade Bitusd and the reason is
mostly because I use external platforms  BTCUSD converted in Euros when
deposited in my account.
Dito

For some reason I don't like Kraken. No specific reason I just haven't tried
it... So when I want to get out of BTC I trade in USD and the bank converts
them in euro with a bad rate and a lot of fees...
You should really give it a try .. verification sucks and takes some time
(hours, not days) and with SEPA withdrawals are smooth and quick!

Hopefully in the future we will have easy gateways directly to our bank
accounts and the transition from biteur to euro will be with a click of a
button. Additionally we shouldn't have any fear from hackers, keyloggers
etc..When this day comes BTSX will be worth +200 billions..
There is a cooperation between Kraken and the Munich bank FIDOR .. not sure but
I thought they plan to join forces towards a easier EUR<->BTC exchange .. Not
up-to-date though

P.S: That was my 500th post!!!hehehehe...
Congratulations .. !! +5%

Offline mf-tzo

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I am personally interested in bitEur but I trade Bitusd and the reason is mostly because I use external platforms  BTCUSD converted in Euros when deposited in my account.

For some reason I don't like Kraken. No specific reason I just haven't tried it... So when I want to get out of BTC I trade in USD and the bank converts them in euro with a bad rate and a lot of fees...

Hopefully in the future we will have easy gateways directly to our bank accounts and the transition from biteur to euro will be with a click of a button. Additionally we shouldn't have any fear from hackers, keyloggers etc..When this day comes BTSX will be worth +200 billions..

P.S: That was my 500th post!!!hehehehe...
 

Offline Gentso1

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Here is the current numbers on btc and is pairings

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   BitcoinAverage   BTC/USD   $ 9,511,380   $ 481.41   59.92 %   Recently
2   BitcoinAverage   BTC/CNY   $ 5,399,340   $ 477.96   34.02 %   Recently
3   BitcoinAverage   BTC/EUR   $ 597,300   $ 485.14   3.76 %   Recently
4   BitcoinAverage   BTC/GBP   $ 164,622   $ 489.51   1.04 %   Recently
5   BitcoinAverage   BTC/RUB   $ 104,037   $ 498.83   0.66 %   Recently
6   BitcoinAverage   BTC/CAD   $ 96,500   $ 481.65   0.61 %   Recently

as you can see USD is the leader followed by CNY then EUR
This above chart looks like a "healthy" global interest. It is not bad that we have great Chinese interest but I am pointing out why the lack of interest from the rest of the world. Perhaps its because we are young? Different marketing strategy between what is done on the Chinese side vs the rest of the world?  I am trying to identify a possible short coming then perhaps we can focus on correcting it.

BitcoinAverage excludes two very large BTC exchanges because they have a 0% trading fee.

Here's a recent article: CoinDesk: Yuan Trades Now Make Up Over 70% of Bitcoin Volume
That sir explains alot. Thanks for posting it has given me a better understanding and would make complete sense.

Offline roadscape

Here is the current numbers on btc and is pairings

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   BitcoinAverage   BTC/USD   $ 9,511,380   $ 481.41   59.92 %   Recently
2   BitcoinAverage   BTC/CNY   $ 5,399,340   $ 477.96   34.02 %   Recently
3   BitcoinAverage   BTC/EUR   $ 597,300   $ 485.14   3.76 %   Recently
4   BitcoinAverage   BTC/GBP   $ 164,622   $ 489.51   1.04 %   Recently
5   BitcoinAverage   BTC/RUB   $ 104,037   $ 498.83   0.66 %   Recently
6   BitcoinAverage   BTC/CAD   $ 96,500   $ 481.65   0.61 %   Recently

as you can see USD is the leader followed by CNY then EUR
This above chart looks like a "healthy" global interest. It is not bad that we have great Chinese interest but I am pointing out why the lack of interest from the rest of the world. Perhaps its because we are young? Different marketing strategy between what is done on the Chinese side vs the rest of the world?  I am trying to identify a possible short coming then perhaps we can focus on correcting it.

BitcoinAverage excludes two very large BTC exchanges because they have a 0% trading fee.

Here's a recent article: CoinDesk: Yuan Trades Now Make Up Over 70% of Bitcoin Volume
http://cryptofresh.com  |  witness: roadscape

Offline Gentso1

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Maybe most of the world just trades in USD because it's been a "standard" for so long.
I agree and thats probably true, but why is btsx not following that same  path? TBH I only have 2 ideas
1.A different marketing strategy is being used to focus on that area of the world and it is working with great success, because the people are "getting it"
2.The numbers being produced by btc38 are heavily inflated or manipulated in some sort of way.
I can no explain such a wide gap any other way but I am open to other thoughts. I should also note that I want to believe it is option 1 because this can be fixed.   

Offline Riverhead

Maybe most of the world just trades in USD because it's been a "standard" for so long.

Offline Gentso1

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I get everything you are saying but WHY such high high Chinese interest and a complete lack of interest from the rest of the world btsx/cny trading make up between 70-80% of total total 24hr volume. When you look at the second highest 24 hour volume(btsx/btc it changes exchanges to bter(a high fee exchange). Btc transaction's are how most of the rest of the world gets into btsx. What I am trying to say is the market seems almost totally supported by one Chinese exchange exchange(btc38) and one pairing btsx/cny.Am I concerned about nothing, does this bother anyone else?
 

Which parts of the world are lacking BTSX interest?

China has 4x the population of the U.S., and worldwide, Mandarin has 2.5x more speakers than English.

They have a fairly lively community here: https://bitsharestalk.org/index.php?board=4.0

And if you look at Bitcoin markets, you'll see that approx 70% of the BTC trading volume is in CNY.
https://bitcoinwisdom.com/

Doesn't seem crazy to me.
Here is the current numbers on btc and is pairings

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   BitcoinAverage   BTC/USD   $ 9,511,380   $ 481.41   59.92 %   Recently
2   BitcoinAverage   BTC/CNY   $ 5,399,340   $ 477.96   34.02 %   Recently
3   BitcoinAverage   BTC/EUR   $ 597,300   $ 485.14   3.76 %   Recently
4   BitcoinAverage   BTC/GBP   $ 164,622   $ 489.51   1.04 %   Recently
5   BitcoinAverage   BTC/RUB   $ 104,037   $ 498.83   0.66 %   Recently
6   BitcoinAverage   BTC/CAD   $ 96,500   $ 481.65   0.61 %   Recently

as you can see USD is the leader followed by CNY then EUR
This above chart looks like a "healthy" global interest. It is not bad that we have great Chinese interest but I am pointing out why the lack of interest from the rest of the world. Perhaps its because we are young? Different marketing strategy between what is done on the Chinese side vs the rest of the world?  I am trying to identify a possible short coming then perhaps we can focus on correcting it.
do you have any idea the volume per capita? Because I don't but I do agree it would be a more accurate representation.
We need to look at volume per capita not gross.

Offline Riverhead

We need to look at volume per capita not gross.

Offline roadscape

I get everything you are saying but WHY such high high Chinese interest and a complete lack of interest from the rest of the world btsx/cny trading make up between 70-80% of total total 24hr volume. When you look at the second highest 24 hour volume(btsx/btc it changes exchanges to bter(a high fee exchange). Btc transaction's are how most of the rest of the world gets into btsx. What I am trying to say is the market seems almost totally supported by one Chinese exchange exchange(btc38) and one pairing btsx/cny.Am I concerned about nothing, does this bother anyone else?
 

Which parts of the world are lacking BTSX interest?

China has 4x the population of the U.S., and worldwide, Mandarin has 2.5x more speakers than English.

They have a fairly lively community here: https://bitsharestalk.org/index.php?board=4.0

And if you look at Bitcoin markets, you'll see that approx 70% of the BTC trading volume is in CNY.
https://bitcoinwisdom.com/

Doesn't seem crazy to me.
http://cryptofresh.com  |  witness: roadscape

Offline Gentso1

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bitUSD is trading even higher then it was before because of the the adding of interest. Any predictions how long it will take for it to HOLD a price over 1$? I have seen it happening a few times on bter but then it creeps back down.

bitCNY seems to be where all the action is, although I still don't understand why we are getting so much Chinese interest but very very little from the rest of the world, any thoughts on this? I have to be honest it makes me slightly nervous to see one exchange trade 65-75% of the total volume.
I think it's because btc38's a really good looking chinese exchange.. first up they can comment on cryptos http://www.btc38.com/altcoin/btsx/?c=1
Then there's this site dedicated to bitshares: http://www.bts.hk/ we've not really got an equivelant yet.. https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bts.hk%2F&edit-text=
I get everything you are saying but WHY such high high Chinese interest and a complete lack of interest from the rest of the world btsx/cny trading make up between 70-80% of total total 24hr volume. When you look at the second highest 24 hour volume(btsx/btc it changes exchanges to bter(a high fee exchange). Btc transaction's are how most of the rest of the world gets into btsx. What I am trying to say is the market seems almost totally supported by one Chinese exchange exchange(btc38) and one pairing btsx/cny.Am I concerned about nothing, does this bother anyone else?
 

Offline cryptillionaire

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bitUSD is trading even higher then it was before because of the the adding of interest. Any predictions how long it will take for it to HOLD a price over 1$? I have seen it happening a few times on bter but then it creeps back down.

bitCNY seems to be where all the action is, although I still don't understand why we are getting so much Chinese interest but very very little from the rest of the world, any thoughts on this? I have to be honest it makes me slightly nervous to see one exchange trade 65-75% of the total volume.
I think it's because btc38's a really good looking chinese exchange.. first up they can comment on cryptos http://www.btc38.com/altcoin/btsx/?c=1
Then there's this site dedicated to bitshares: http://www.bts.hk/ we've not really got an equivelant yet.. https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bts.hk%2F&edit-text=

Offline Gentso1

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bitUSD is trading even higher then it was before because of the the adding of interest. Any predictions how long it will take for it to HOLD a price over 1$? I have seen it happening a few times on bter but then it creeps back down.

bitCNY seems to be where all the action is, although I still don't understand why we are getting so much Chinese interest but very very little from the rest of the world, any thoughts on this? I have to be honest it makes me slightly nervous to see one exchange trade 65-75% of the total volume.

Offline Riverhead

0.4.12 has been amazing and since it's the first version to implement true deterministic keys by account I feel it's the most stable and safest client to date. It hasn't crashed on me once (Win8.1, Win7, Ubuntu 14.04) and I've been enjoying re-balancing my wallets now that keys are deterministic.


That said, and more on tipic, what about the price of bitCNY? When do we open that market? I feel the client is stable, the feeds are in place...is there something we're waiting for?

Offline oldman

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That's a fair and informed prediction. I'll hold you to it! Honestly, though, we need to wait for a fully functional client. Some of us non-techies have barely been able to open the thing over the last few iterations. Once that is set and the marketing really gets into gear, I agree with your second part.



Can confirm I tapped out at 0.3 something. I think many, many investors are in the wings waiting to hear positive feedback on a stable platform.

Once the platform is stable we will likely see volumes increase tremendously.


Offline bytemaster

In the current implementation merchants accepting BitUSD at parity are paying a "fee", the "spread" that is similar to credit cards.

We are implementing rewards for BitUSD that will generate a positive yield for holding it.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.