Biggest problem is no BitUSD buyers

Started by bernard, November 20, 2014, 01:13:19 PM

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Ander

#9
November 22, 2014, 12:03:12 AM
Quote from: xeroc on November 21, 2014, 10:13:27 AM
Quote from: bytemaster on November 21, 2014, 10:06:55 AM
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

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

xeroc

#8
November 21, 2014, 10:13:27 AM
Quote from: bytemaster on November 21, 2014, 10:06:55 AM
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

bytemaster

#7
November 21, 2014, 10:06:55 AM
Quote from: xeroc on November 21, 2014, 09:44:41 AM
Quote from: betax on November 21, 2014, 06:28:06 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: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

xeroc

#6
November 21, 2014, 09:44:41 AM
Quote from: betax on November 21, 2014, 06:28:06 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

betax

#5
November 21, 2014, 06:28:06 AM
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

busygin

#4
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".

Quote from: bernard 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.

mf-tzo

#3
November 21, 2014, 01:25:35 AM
the minute n0 3 is solved then bitcoin will be replaced from BTS...
[url="//www.bitshares.gr/"]www.bitshares.gr/[/url]

bytemaster

#2
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: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
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.

bernard

#1
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.
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