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Offline Mateusz

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Bitshares FOREX trading impractical?
« on: August 25, 2014, 04:06:31 AM »

Please someone explain to me who is going to trade FOREX using Bitshares blockchain, taking into consideration how narrow the profit margins for intra fiat currency trading are, moreoever with the requirement of holding twice the reserves on the account.

Offline toast

Re: Bitshares FOREX trading impractical?
« Reply #1 on: August 25, 2014, 04:08:27 AM »
You don't need to hold reserves to hold bitusd, only to short it

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Offline bitmeat

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Re: Bitshares FOREX trading impractical?
« Reply #2 on: August 25, 2014, 04:48:35 AM »
toast, what he is referring to is that in FOREX people do 1:50 margin trading, otherwise it's not really worth it.

Offline eagleeye

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Re: Bitshares FOREX trading impractical?
« Reply #3 on: August 25, 2014, 05:07:27 AM »
can people use 50:1 leverage with bitusd?

Also is there going to be some lending scheme where people can lend bitshares to people in africa or something?

Offline bytemaster

Re: Bitshares FOREX trading impractical?
« Reply #4 on: August 26, 2014, 12:59:16 AM »
There is forex for professionals and then there are people that just want to do conversion for remittances.   I think the remittance use case will be where its at.
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