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Offline mf-tzo

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BTSX USD quote
« on: August 26, 2014, 11:36:48 PM »

It may be only me but I find that the quote BTSX BITUSD of 23 instead of bitusd BTSX 0.043478 is very confusing...

I am used to see the prices from coinmarketcap or take the BTC price on the exchanges and multiply it by the BTCUSD price. Now I have to divide things and think the opposite way...

Is there a possibility we may change this? Do others feel the same way or it is just me?

Offline cygnify

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Re: BTSX USD quote
« Reply #1 on: August 26, 2014, 11:37:40 PM »
Yep your way would be easier.

Offline biophil

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Re: BTSX USD quote
« Reply #2 on: August 26, 2014, 11:39:22 PM »
That was my first impression also, but then I realized that 23 is very helpful when you're thinking about going long or short. You go short when you think the price is going down, long when the price is going up - which would be backwards if we used 0.04. It really needs to be 23.

However, I do think we need to display the implied USD/BTSX price somewhere on the screen. I think both representations should always be displayed, despite the redundancy.

Offline GaltReport

Re: BTSX USD quote
« Reply #3 on: August 26, 2014, 11:39:30 PM »
It may be only me but I find that the quote BTSX BITUSD of 23 instead of bitusd BTSX 0.043478 is very confusing...

I am used to see the prices from coinmarketcap or take the BTC price on the exchanges and multiply it by the BTCUSD price. Now I have to divide things and think the opposite way...

Is there a possibility we may change this? Do others feel the same way or it is just me?

Just thinking the same thing.

Offline GaltReport

Re: BTSX USD quote
« Reply #4 on: August 26, 2014, 11:40:20 PM »
That was my first impression also, but then I realized that 23 is very helpful when you're thinking about going long or short. You go short when you think the price is going down, long when the price is going up - which would be backwards if we used 0.04. It really needs to be 23.

However, I do think we need to display the implied USD/BTSX price somewhere on the screen. I think both representations should always be displayed, despite the redundancy.

ah, that is a good point as well.

Offline puppies

Re: BTSX USD quote
« Reply #5 on: August 26, 2014, 11:41:04 PM »
As long as you don't want to short you can buy and sell at the price of BTSX denominated in dollars by clicking the little circle arrows just to the right of the BitUSD : BTSX  at the top of the USD market page.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline mf-tzo

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Re: BTSX USD quote
« Reply #6 on: August 26, 2014, 11:44:36 PM »
Quote
As long as you don't want to short you can buy and sell at the price of BTSX denominated in dollars by clicking the little circle arrows just to the right of the BitUSD : BTSX  at the top of the USD market page.

 +5% +5% I haven't seen that...nice...

Offline luckybit

Re: BTSX USD quote
« Reply #7 on: August 26, 2014, 11:49:51 PM »
That was my first impression also, but then I realized that 23 is very helpful when you're thinking about going long or short. You go short when you think the price is going down, long when the price is going up - which would be backwards if we used 0.04. It really needs to be 23.

However, I do think we need to display the implied USD/BTSX price somewhere on the screen. I think both representations should always be displayed, despite the redundancy.

See? Interface bug #1. This is something you need to fix Cass.
The interface should include both ways of seeing things so people aren't confused.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline puppies

Re: BTSX USD quote
« Reply #8 on: August 26, 2014, 11:51:18 PM »
That was my first impression also, but then I realized that 23 is very helpful when you're thinking about going long or short. You go short when you think the price is going down, long when the price is going up - which would be backwards if we used 0.04. It really needs to be 23.

However, I do think we need to display the implied USD/BTSX price somewhere on the screen. I think both representations should always be displayed, despite the redundancy.
+5%

Its important to remember that we will be trading multiple assets on this exchange.  As such it only makes sense to show them denominated in BTSX.  I like the idea of showing both, but that may become confusing at certain ratios.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline GaltReport

Re: BTSX USD quote
« Reply #9 on: August 26, 2014, 11:52:53 PM »
As long as you don't want to short you can buy and sell at the price of BTSX denominated in dollars by clicking the little circle arrows just to the right of the BitUSD : BTSX  at the top of the USD market page.

wow,cool!!  +5%

Offline tonyk

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Re: BTSX USD quote
« Reply #10 on: August 26, 2014, 11:59:56 PM »

Interesting discussion...surprising also...

I guess I am the weird one then...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline theoretical

Re: BTSX USD quote
« Reply #11 on: August 27, 2014, 12:36:11 AM »
It may be only me but I find that the quote BTSX BITUSD of 23 instead of bitusd BTSX 0.043478 is very confusing...

I am used to see the prices from coinmarketcap or take the BTC price on the exchanges and multiply it by the BTCUSD price. Now I have to divide things and think the opposite way...

Is there a possibility we may change this? Do others feel the same way or it is just me?

I find the .04 way confusing.  Since the early days of this forum, we've talked as if BTSX is "real money" and BitUSD is an "asset."
BTS- theoretical / PTS- PZxpdC8RqWsdU3pVJeobZY7JFKVPfNpy5z / BTC- 1NfGejohzoVGffAD1CnCRgo9vApjCU2viY / the delegate formerly known as drltc / Nothing said on these forums is intended to be legally binding / All opinions are my own unless otherwise noted / Take action due to my posts at your own risk

Offline GaltReport

Re: BTSX USD quote
« Reply #12 on: August 27, 2014, 12:47:08 AM »
As long as you don't want to short you can buy and sell at the price of BTSX denominated in dollars by clicking the little circle arrows just to the right of the BitUSD : BTSX  at the top of the USD market page.

wow,cool!!  +5%

Well, turns out that this is maybe more confusing.  Doesn't seem to display what I thought it did....so I guess I agree with OP.

Offline tonyk

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Re: BTSX USD quote
« Reply #13 on: August 27, 2014, 12:58:42 AM »
As long as you don't want to short you can buy and sell at the price of BTSX denominated in dollars by clicking the little circle arrows just to the right of the BitUSD : BTSX  at the top of the USD market page.

wow,cool!!  +5%

Well, turns out that this is maybe more confusing.  Doesn't seem to display what I thought it did....so I guess I agree with OP.

It should be...
First when people go to the store they see prices in $currency/KG(lb)... not 2.14 kg(lb) of tomatoes for 1$, 0.023 bottles of wine for 1 CNY etc...
Second usually it maters through how many digits you have to go to gather the necessary info - in the 0.04783 case you have to go through at least  3 additional symbols...

Just my take on it.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

jakub

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Re: BTSX USD quote
« Reply #14 on: August 27, 2014, 08:07:39 AM »


You can always flip the quotes using this little icon with circling arrows on the right.

 

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