New kind of order: Limit At Feed

[emigalotti]

Excelent idea, I like it.

[Permie]

IIRC This kind of thing is coming with DPOS 2
There will be separate price feeds depending on the volume you want to trade.
It calculates how much the market would move, and then gives you a price to buy them all the same price.

[monsterer]

If you don't mind using a centralised service, metaexchange.info supports relative orders for BTS/BTC and bitBTC/BTC markets.

[bitmarley]

Really really important feature I hope the next version has this.

[liondani]

There may be times when someone wants to buy an asset in a certain amount but they want the trade to happen only at the Price Feed. So perhaps we could add a new kind of order that would BUY/SELL with limit at the feed price.

AMEN

Sent from my ALCATEL ONE TOUCH 997D

[bitmarley]

In the latest Beyond Bitcoin Hangout bytemaster is talking about the problem of large trades of an asset that is meant to be stable such as bitUSD or bitGOLD. The problem is that it is very difficult if you need to do a large order to avoid pushing the price temporarily away from the feed. And thus the concept of a "stable" price is actually not so true for large trades. But these kind of 'limit at feed' orders solve half of the problem since the price is stabilized to the feed. So the only variable is the time it takes to process a large order.

[麥可貓]

I totally agree with you.  I also think this kind of order can actually help pegging and on/off ramp services.  But actually I had posted this,  and was told it is postponed:

https://bitsharestalk.org/index.php/topic,16418.0.html

[bitmarley]

There may be times when someone wants to buy an asset in a certain amount but they want the trade to happen only at the Price Feed. So perhaps we could add a new kind of order that would BUY/SELL with limit at the feed price.