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Offline inarizushi

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Market still not fixed ?
« on: April 30, 2015, 09:48:08 AM »

Currently on the internal market, there is an order to buy bitUSD at 339 BTS/bitUSD, and short orders to sell at 320. They don't match.

I guess that is because there are uncovered expired shorts, and the price feed is at 290. 290+10% is just under 320. So it seems that shorts cannot be sold while there is an expired margin order not covered.

Is that correct ? Is that a bug or a feature ?
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Offline inarizushi

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Re: Market still not fixed ?
« Reply #1 on: April 30, 2015, 10:23:22 AM »
My short order at 315 didn't match, even though there is a margin call order whose call price is 318. My short at 310 did. The lowest margin call's price is at 310. So I put a new short at 311. It didn't match.

=> So, new interpretation : the margin price with the lowest indicated "call price" must be covered first at this call price ? Regardless of the 10% above the feed price thing ?

I know that most people here don't actually try to use the market and don't want to short, but come on, this market is our product, its inner workings must be crystal clear.
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Offline inarizushi

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Re: Market still not fixed ?
« Reply #2 on: April 30, 2015, 10:28:28 AM »
It's a bug that we are waiting to be fixed:

Sell the feed price down on the only 2 BitShares exchanges on the planet and cause a margin call that locks up the market so shorts can't be rolled over (to themselves).  This creates panic in the expiring shorts who then buy my exorbitantly high priced BitUSD.

Here's a tip (roll over your short a few days before expiration just in case the market locks up over your expiration period).  That way you have bitUSD to cover (or sell exorbitantly in the meantime).

Happy trading!

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We will have the lowest collateral requirements for a blockchain based trading crypto-coin in the world!

I'm an expert in rolling over my shorts now, I've never been margin called also I kept shorting for a while now (all the way down, woohoo - and obviously I lost almost everything of my investment).

But I don't know if I want to call the behavior a "bug". Obviously the margin call covering 10% above is a feature, maybe a bad one, but it's not a bug. Maybe the rule "first the margin call must be covered before new shorts can happen" is voluntary. I just want to know precisely how it all works.
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Offline svk

Re: Market still not fixed ?
« Reply #3 on: April 30, 2015, 11:02:35 AM »
It's the same old bug with covers not getting matched with shorts, it'll be fixed on tuesday with the hardfork.

Covers only get matched with normal sell orders until then.
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Offline inarizushi

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Re: Market still not fixed ?
« Reply #4 on: April 30, 2015, 04:45:55 PM »
It's the same old bug with covers not getting matched with shorts, it'll be fixed on tuesday with the hardfork.

Covers only get matched with normal sell orders until then.

What I saw was "buy orders" unable to match "short sell orders". I hope it will indeed be fixed by tuesday.
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Offline mf-tzo

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Re: Market still not fixed ?
« Reply #5 on: April 30, 2015, 07:46:38 PM »
nice...so in the meantime until this gets fixed I can't rollover my short positions and if this gets fixed on Tuesday, in the meantime I will get margin call in all my orders..excellent!

Offline inarizushi

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Re: Market still not fixed ?
« Reply #6 on: April 30, 2015, 07:50:26 PM »
nice...so in the meantime until this gets fixed I can't rollover my short positions and if this gets fixed on Tuesday, in the meantime I will get margin call in all my orders..excellent!

Yes... That's why we need that BTS whales short at the price feed. But they won't put them at risk. They don't care about the unfairness. And then they wonder why the price goes down...
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Offline Ander

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Re: Market still not fixed ?
« Reply #7 on: April 30, 2015, 08:02:07 PM »
This bug hurt BTS so much.  Really hope we start to rally again after it is fixed.
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Offline liondani

Re: Market still not fixed ?
« Reply #8 on: April 30, 2015, 08:38:25 PM »
nice...so in the meantime until this gets fixed I can't rollover my short positions and if this gets fixed on Tuesday, in the meantime I will get margin call in all my orders..excellent!

Yes... That's why we need that BTS whales short at the price feed. But they won't put them at risk. They don't care about the unfairness. And then they wonder why the price goes down...

so explain me how I managed to rollover my shorts before about a week?

(I had put the buy orders a little bit above the feed price and then I shorted with 0.01% yield and without any specific price (0.zero input))
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Offline mf-tzo

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Re: Market still not fixed ?
« Reply #9 on: April 30, 2015, 08:45:48 PM »
Until yesterday I was able to rollover shorts. Today no. Also on my 2nd laptop the blockchain is 220d ago although I used it 3 days ago...

Whenever I have these client issues a huge pump is on its way and I can't take any profits..Then when the clients starts to work a huge dumping is happening.. This happened in the past many times..I thought it was ok since we were in the beggining so bugs were expected. Now this is not acceptable anymore..Please fix this the soonest so everyone can trade under same conditions and rules...

Offline liondani

Re: Market still not fixed ?
« Reply #10 on: April 30, 2015, 08:54:54 PM »
Until yesterday I was able to rollover shorts. Today no. Also on my 2nd laptop the blockchain is 220d ago although I used it 3 days ago...

Whenever I have these client issues a huge pump is on its way and I can't take any profits..Then when the clients starts to work a huge dumping is happening.. This happened in the past many times..I thought it was ok since we were in the beggining so bugs were expected. Now this is not acceptable anymore..Please fix this the soonest so everyone can trade under same conditions and rules...

looks like a pattern...  :-\
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Offline Akado

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Re: Market still not fixed ?
« Reply #11 on: April 30, 2015, 11:35:57 PM »
This bug hurt BTS so much.  Really hope we start to rally again after it is fixed.

This should be viewed as a new opportunity. After the bug is fixed a new, clean thread on Bitcointalk should be made mentioning this and having all the specs of BitShares, what it is about, etc, etc, like the other coins have.

We should take that opportunity to try and get other people to understand things are fixed (or at least, better now). Also it's always useful, people have complained about not being an announcement thread about BitShares on btt. I personally don't like that forum but once the bug gets fixed, the timing is right for a new thread to explain everything and have a place people could go for when searching about BitShares on btt
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Offline Ander

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Re: Market still not fixed ?
« Reply #12 on: April 30, 2015, 11:57:07 PM »
A BTT announcement thread for Bitshares would be nice.  People can post links there of major posts from our forums.  Might draw more people in here from BTT.
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