Author Topic: Almost enough depth for BitCNY, go play in the market!  (Read 4398 times)

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Offline Riverhead


Offline biophil

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Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?

Look at the BTSX/CNY market on btc38, the big Chinese exchange. You could try to infer it through a bunch of intermediate steps, but I prefer the direct method.

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Offline roadscape

Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)

If bitUSD:BTSX is 25.65 and CNY:USD is 0.16, does that mean bitCNY should ideally be at 4.104? What's the best way to determine the true value?
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Offline biophil

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Soo... volume on bitCNY is a little bit miserable and there are bids above the peg. Anybody out there? Anybody want to short into my overpriced bids? :)
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."

Offline svk

Right so 500k BTSX once the hard fork happens at 15pm EST, thanks all.

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Offline bytemaster

BitCNY: BTSX market,
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But,the client still display insufficient depth !

Hard fork is still 3 hours away.
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Offline bitshare007777

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BitCNY: BTSX market,
Bid Depth 702,416.71452 BTSX
Ask Depth 627,714.90641 BTSX
But,the client still display insufficient depth !

Offline biophil

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I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?

It's reducing to 500,000 BTSX (I believe on each side): https://github.com/dacsunlimited/bitsharesx/releases
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Offline svk

I wanted to confirm the minimum depth requirement but can't find it written explicitly anywhere, is it 2 million BTSX on each side?
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Offline mtang

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Just curious.. why bitCNY and not bitRMB?  Would our Chinese friends not prefer bitRMB?


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I think bitCNY and bitRMB are the same for users. But if something named bitRMB it will let the Chinese Gov more 'curious'  :-[ :-X
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Offline yellowecho

Just curious.. why bitCNY and not bitRMB?  Would our Chinese friends not prefer bitRMB?


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Offline bytemaster

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Offline James212

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Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.

Has anyone been able to do rough projections of approximately what the yield of the various assets would be?
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Offline Riverhead

The Great Wall of China. It's coming!



Offline oldman

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Great. I think more and more people will be willing to hold bitCNY in China

If bitCNY has a yield >2% demand may well take the community by surprise.