Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Biggest problem is no BitUSD buyers  (Read 613 times)

0 Members and 1 Guest are viewing this topic.

Offline bernard

  • Newbie
  • *
  • Posts: 17
    • View Profile
Biggest problem is no BitUSD buyers
« on: November 20, 2014, 01:13:19 PM »

It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.

Offline bytemaster

Re: Biggest problem is no BitUSD buyers
« Reply #1 on: November 20, 2014, 01:19:13 PM »
We are working that issue from multiple directions.

1. Make it easier to buy sell relative to the feed. 
2.  Forced covering after 30 days.
3. Merchant integration.

You can sell bit usd at good prices if you are patient.    Liquidity will improve. 
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.

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1633
    • View Profile
Re: Biggest problem is no BitUSD buyers
« Reply #2 on: November 21, 2014, 01:25:35 AM »
the minute n0 3 is solved then bitcoin will be replaced from BTS...

busygin

  • Guest
Re: Biggest problem is no BitUSD buyers
« Reply #3 on: November 21, 2014, 01:44:44 AM »
bitUSD 24h volume is about $35K at the moment. More than, for example, XCP (Counterparty) volume as reported by coinmarketcap. Of course, we all want much more, but I wouldn't call it "the lack of demand".

It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.

Offline betax

  • Hero Member
  • *****
  • Posts: 803
    • View Profile
Re: Biggest problem is no BitUSD buyers
« Reply #4 on: November 21, 2014, 06:28:06 AM »
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12058
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: Biggest problem is no BitUSD buyers
« Reply #5 on: November 21, 2014, 09:44:41 AM »
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline bytemaster

Re: Biggest problem is no BitUSD buyers
« Reply #6 on: November 21, 2014, 10:06:55 AM »
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement

No requirements.
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.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12058
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: Biggest problem is no BitUSD buyers
« Reply #7 on: November 21, 2014, 10:13:27 AM »
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Ander

  • Hero Member
  • *****
  • Posts: 3499
    • View Profile
  • BTS: Ander
Re: Biggest problem is no BitUSD buyers
« Reply #8 on: November 22, 2014, 12:03:12 AM »
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

That should be possible once both bitUSD and bitGLD become liquid! :)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

 

Google+