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Offline islandking

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Low trading volume on bitUSD
« on: January 19, 2015, 06:57:22 PM »

There is no trading volume on bitUSD today. Lets get some volume going!
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline ripplexiaoshan

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Re: Low trading volume on bitUSD
« Reply #1 on: January 19, 2015, 07:48:36 PM »
BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.
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Ggozzo

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Re: Low trading volume on bitUSD
« Reply #2 on: January 19, 2015, 07:53:23 PM »
BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.

It's also used as a device to go short BTS. If you think BTS is going to go down, buy bitUSD.

Offline iamabtsgirl

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Re: Low trading volume on bitUSD
« Reply #3 on: January 19, 2015, 08:36:24 PM »
BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.

It's also used as a device to go short BTS. If you think BTS is going to go down, buy bitUSD.

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

Offline islandking

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Re: Low trading volume on bitUSD
« Reply #4 on: January 19, 2015, 08:43:01 PM »
I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?
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sumantso

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Re: Low trading volume on bitUSD
« Reply #5 on: January 19, 2015, 08:50:00 PM »
I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Offline islandking

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Re: Low trading volume on bitUSD
« Reply #6 on: January 19, 2015, 09:09:42 PM »
I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline nomoreheroes7

Re: Low trading volume on bitUSD
« Reply #7 on: January 19, 2015, 09:15:19 PM »
I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?

Well let's see...I believe the vesting period began on 11/5/14, right? Two and a half months. And the vesting is for a period of 2 years...which means approx. 52,083,333 of the 500,000,000 new BTS will be unlocked at once. I can't imagine everyone is going to claim all at once, and I'm sure plenty of people will want to hold it...

But yea, there may be a small dump going on.

Maybe we should wait a year for BTS to get solid footing before unlocking the balances?  :P
« Last Edit: January 19, 2015, 09:18:09 PM by nomoreheroes7 »

Offline Bitcoinfan

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Re: Low trading volume on bitUSD
« Reply #8 on: January 19, 2015, 09:20:38 PM »

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?

Well let's see...I believe the vesting period began on 11/5/14, right? Two and a half months. And the vesting is for a period of 2 years...which means approx. 52,083,333 of the 500,000,000 new BTS will be unlocked at once. I can't imagine everyone is going to claim all at once, and I'm sure plenty of people will want to hold it...

But yea, there may be a small dump going on.

Maybe we should wait a year for BTS to get solid footing before unlocking the balances?  :P

Why would any of the 52 mm be dumped?  I thought it was a penalty, where if you transfer, you lose the a certain percentage.




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Offline toast

Re: Low trading volume on bitUSD
« Reply #9 on: January 19, 2015, 09:21:26 PM »
No penalty.
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

sumantso

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Re: Low trading volume on bitUSD
« Reply #10 on: January 19, 2015, 09:23:22 PM »
Oh right. Do you think we could see a dump tomorrow?

A small one certainly. Maths would suggest a 2.5% reduction in price.

Why would any of the 52 mm be dumped?  I thought it was a penalty, where if you transfer, you lose the a certain percentage.

There is no penalty. And only a fraction is going to be dumped, like normal sell-offs.

 

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