Author Topic: Does great marketing explain why 75% of BTSX traded volume is in CNY  (Read 5659 times)

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Offline Brent.Allsop

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I've also heard from some Chineese, that you hear zero about Ether, ripple, NxT... over there.  Unlike here where everyone is talking only about Ether.  It appears that over there, it is all about BTSX.


Offline serejandmyself

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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.
Correct me if I am wrong but isn't btsx only traded on Chinese exchanges? What exchanges other exchanges can btsx be traded on.

http://coinmarketcap.com/currencies/bitshares-x/#markets
btsx - bitsharesrussia


Offline xeroc

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Offline Gentso1

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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.
Correct me if I am wrong but isn't btsx only traded on Chinese exchanges? What exchanges other exchanges can btsx be traded on.

Offline xeroc

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Offline oldman

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I agree that the basic commodities should be very high on the priority list.

BM enlightened us in another thread. see for your self:

Code: [Select]
>>> blockchain_get_asset WTI
{
  "id": 5,
  "symbol": "WTI",
  "name": "Light Sweet Crude Oil",
  "description": "1 barrel light sweet crude oil",
  "public_data": "",
  "issuer_account_id": -2,
  "precision": 10000,
  "registration_date": "20140719T000000",
  "last_update": "20140719T000000",
  "current_share_supply": 0,
  "maximum_share_supply": 1000000000000000,
  "collected_fees": 0
}

And there it is. These boys don't mess around.

 +5%

Offline xeroc

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I agree that the basic commodities should be very high on the priority list.

BM enlightened us in another thread. see for your self:

Code: [Select]
>>> blockchain_get_asset WTI
{
  "id": 5,
  "symbol": "WTI",
  "name": "Light Sweet Crude Oil",
  "description": "1 barrel light sweet crude oil",
  "public_data": "",
  "issuer_account_id": -2,
  "precision": 10000,
  "registration_date": "20140719T000000",
  "last_update": "20140719T000000",
  "current_share_supply": 0,
  "maximum_share_supply": 1000000000000000,
  "collected_fees": 0
}

Offline oldman

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I would love to see BitOil traded for BTSX

I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?

No way as direct as buying bitOIL.

But bitOIL is not going to be that useful - will need WTI and Brent.

Perhaps bitOIL.Brent and bitOIL.WTI to start.

I agree that the basic commodities should be very high on the priority list.

Offline ripplexiaoshan

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1\A lot of users from western countries are also trading on Chinese exchange too.
2\Chinese have less ways to invest other than to deposit in bank, cryptocurrency is one choice.
3\IT industrial in China is not as good as in the States but very close, so building a large exchange is possible.

BTS committee member:jademont

Offline serejandmyself

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I would love to see BitOil traded for BTSX

I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?

why not? not sure over where you are but over my way i can trade it as easy as gold or silver or any other stocks
btsx - bitsharesrussia


Offline Method-X

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I would love to see BitOil traded for BTSX

I'm more excited for BitOIL than GLD or SLV. Correct me if I'm mistaken but there is currently no way for the average person to trade the oil market is there?

Offline Riverhead

BM said the CNY market will open at 3pm EST. I guess that's when the fork is. You can see the pressure building on the bitCNY:BTSX chart.

Offline bluebit

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China 19% of world population
USA 4% of world population

It will always be 75% for CNY unless...we talk to the Saudis (OPEC) and we have them trade their oil only for BTSX, hehehe

I would love to see BitOil traded for BTSX
« Last Edit: September 10, 2014, 06:16:02 pm by bluebit »
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