[ANN] Let's do it at once - Liquidity Event - 29th Feb

noisy · February 28, 2016, 10:49:44 PM

Quote from: onceuponatime on February 28, 2016, 10:48:23 PM
What should I do with bitcoin currently in a bitcoin wallet in order to support this liquidity initiative?

I am preparing a brief instruction with some ideas/suggestions. Should be available very shortly.

onceuponatime · February 28, 2016, 10:48:23 PM

Quote from: onceuponatime on February 28, 2016, 08:24:47 PM
@noisy (and anyone else who can help)

Would you please list specific action steps that supporters of this initiative should take in order to participate? A step by specific step format would be great for various individuals wanting to add support and who currently hold assets/crypto in various places and markets.

Make it easy and straightforward for people to contribute to your initiative.

I have a small amount of bitcoin in a bitcoin wallet that I have been saving in order to support this initiative (otherwise I would have used it for other things before now).

What should I do with bitcoin currently in a bitcoin wallet in order to support this liquidity initiative? I am not much of a trader. I do not currently own USD or BTC in the DEX (although I do own UIAs such as OBITS and OPENPOS). So I need someone to give me a step by step going from a Bitcoin wallet to the market(s) targeted for this liquidity initiative. Other people might want to go from DOGE or NXT or other wallets to support the initiative. @noisy @dannotestein

noisy · February 28, 2016, 09:29:47 PM

Quote from: fuzzy on February 28, 2016, 05:48:37 PM
Has anyone figured out precisely what time zone will be used to dictate the start/end of this event? I'd like to hold a hangout for it, but do not know when to consider it or if I will even be available :P

this was not specified, because IMO this could take all day long. I think it might be very difficult to choose one time.

onceuponatime · February 28, 2016, 08:24:47 PM

@noisy (and anyone else who can help)

Would you please list specific action steps that supporters of this initiative should take in order to participate? A step by specific step format would be great for various individuals wanting to add support and who currently hold assets/crypto in various places and markets.

Make it easy and straightforward for people to contribute to your initiative.

fuzzy · February 28, 2016, 05:53:01 PM

https://bitsharestalk.org/index.php/topic,21701.msg282505.html#msg282505 here is the link to a thread for people to post their preferred times (please do so in EST)

fuzzy · February 28, 2016, 05:48:37 PM

Has anyone figured out precisely what time zone will be used to dictate the start/end of this event? I'd like to hold a hangout for it, but do not know when to consider it or if I will even be available :P

btstip · February 28, 2016, 05:48:06 PM

Hey fuzzy, here are the results of your tips...

dannotestein: has been credited 1 FISTBUMP
dannotestein: has been credited 5 ROSE
dannotestein: has been credited 1 SILVERTICKET

Curious about ShareBits? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!

Source: https://bitsharestalk.org/index.php/topic,21265.msg282502/topicseen.html#msg282502

Created by hybridd

fuzzy · February 28, 2016, 05:46:50 PM

Quote from: dannotestein on February 28, 2016, 05:53:29 AM
BlockTrade rates for buying BTS have been lowered on all coin pairs for the Liquidity Event.

#sharebits dannotestein 1 FISTBUMP
#sharebits dannotestein 5 ROSE
#sharebits dannotestein 1 SILVERTICKET

Thanks for being so active and helpful dan.

cylonmaker2053 · February 28, 2016, 04:01:32 PM

Quote from: dannotestein on February 28, 2016, 05:53:29 AM
BlockTrade rates for buying BTS have been lowered on all coin pairs for the Liquidity Event.

i will take advantage of that, thank you! +5%

dannotestein · February 28, 2016, 05:53:29 AM

BlockTrade rates for buying BTS have been lowered on all coin pairs for the Liquidity Event.

cylonmaker2053 · February 27, 2016, 10:46:21 PM

Quote from: JonnyBitcoin on February 27, 2016, 06:21:27 PM
Gonna be trading like a high frequency bot on Monday.

that's how we should be trading every day!

xeroc · February 27, 2016, 06:52:05 PM

Not sure i can finish up my python bot by then .. but i will try to do so. ..

JonnyB · February 27, 2016, 06:21:27 PM

Gonna be trading like a high frequency bot on Monday.

cylonmaker2053 · February 22, 2016, 02:45:30 PM

count me in!

cylonmaker2053 · February 22, 2016, 02:44:51 PM

Quote from: clemahieu on February 10, 2016, 05:48:38 AM
I tend to view lack of liquidity as a symptom of lack of reason to trade. When countries have bubbles they have lack of liquidity because people are saving, it's more advantageous to hold assets than to trade for discretionary goods.

I think lack of liquidity in all cryptocurrencies stems from lack of utility, there's no compelling reason to trade because a trade doesn't give people what they want. A joint effort to create liquidity will pump the trade volume numbers though I worry it won't solve the issue of why people aren't trading in the first place.

agreed! few compelling reasons to trade our assets at the moment, it's our job to change that. who are some potential marginal users of our platform? some random thoughts:

Demand Side:
-precious metals speculators
-non-U.S. people stuck in financially repressive countries who could use some USD exposure
-crypto speculators looking for an easy way to short BTS relative to BTC

Supply Side: [\u]
-market makers who can profit providing liquidity
-speculators looking for BTS leverage
-speculators short precious metals (can hedge away BTS exposure)

any other ideas? we should figure out the highest value marginal user type and market to them.