Arbitrage Opportunity... BitUSD bids are above market..

[JakeThePanda]

Arbitrage should bring everything in line. If you can add features to eliminate arbitrage then the market will work out the peg. Ideally there shouldn't be any arbitrage since this is a sign of iliquidity and inefficiency

It's a new market, give it time.  Arbitrage is eliminated by too many market participants competing to profit from the opportunity.  As the market becomes more efficient the arb opportunity is eliminated.  Make sure you include transaction fees in your arbitrage calculation.

[Riverhead]

fill in the gaps...

Code Select Expand

while True:
    time.sleep(2)
    new_price = get_true_price()
    sec_since_update += 2
    if abs(new_price - last_price) / last_price > (SPREAD / 3):
        log("Price moved  -  old:  %f   new:  %f" % (last_price, new_price))
        log("Seconds since previous update:  %d" % sec_since_update)

        client.cancel_all_orders("USD", SYMBOL)
        client.wait_for_block()
        usd_balance = client.get_balance("USD")
        btsx_balance = client.get_balance(SYMBOL)
        client.submit_bid(0.3*(usd_balance * new_price), SYMBOL, new_price * (1+SPREAD), "USD")
        client.submit_ask(0.3*btsx_balance, SYMBOL, new_price * (1-SPREAD), "USD")
        last_price = new_price

Thanks Toast! I know what I'm doing tomorrow :).

[oldman]

if most people are just lazy and check the feeds.

feeds from multiple sources is the key here, Why make people run a bunch of windows to check other sources when we can keep it all in house

It's all about information feeds and signalling. When there is a profit opportunity it should signal directly in the interface so that this cannot happen. The user should select their mode, bull, bear, or market maker, then the opportunities should signal to them.

+5% This would be ideal. Select asset and mode. Interface does the leg work. Would stabilize pegs and vastly improve user experience.

[luckybit]

if most people are just lazy and check the feeds.

feeds from multiple sources is the key here, Why make people run a bunch of windows to check other sources when we can keep it all in house

It's all about information feeds and signalling. When there is a profit opportunity it should signal directly in the interface so that this cannot happen. The user should select their mode, bull, bear, or market maker, then the opportunities should signal to them.

[Gentso1]

if most people are just lazy and check the feeds.

feeds from multiple sources is the key here, Why make people run a bunch of windows to check other sources when we can keep it all in house

[liondani]

Ok we definitely need something that shows on the bitshares client live the prices from the different exchanges so we know if we can buy cheap BITUSD and support the peg...

+5

[mf-tzo]

Arbitrage should bring everything in line. If you can add features to eliminate arbitrage then the market will work out the peg. Ideally there shouldn't be any arbitrage since this is a sign of iliquidity and inefficiency

[JakeThePanda]

I think we need to give the market time to get settled in.  Arb will bring everything in line.  I think.  :-\

[toast]

if most people are just lazy and check the feeds.

[toast]

I'm against it putting feeds directly in the client, it ties us to a source of failure

[oldman]

Ok we definitely need something that shows on the bitshares client live the prices from the different exchanges so we know if we can buy cheap BITUSD and support the peg...

+5%

[mf-tzo]

Ok we definitely need something that shows on the bitshares client live the prices from the different exchanges so we know if we can buy cheap BITUSD and support the peg...

[bitmeat]

BTC/USD   511
BTSX/BTC   0.00007
BTSX/USD   0.03577
BitUSD/BTSX   27.95638803

Need to put liquidity here, BitUSD/BTSX should be above 27 for the peg to work:

https://bter.com/trade/bitusd_btc

[EDIT] They reversed it, so it looks like the other exchanges:

https://bter.com/trade/btc_bitusd

[CLains]

That didn't last long

Time                    Type          Price(USD)/(BITUSD)
08-26 14:19:35     Buy             1.0000   1.0000

+5%

[cygnify]

My order history isn't actually in order of time/date. Anyone else get that?

What you mean you have an 'order history' for your account/wallet? A GUI one?

Yup, not ordered properly. From the GUI wallet ubuntu.