Many here are technically inclined, but not necessarily financially experienced. Right now bitsharesx is still in its infancy, and as such has small liquidity. That creates an opportunity for profit by arbitrage. Such profit also injects liquidity - so it's a win-win.
Here are two quick ways you can participate:
1) Inter-exchange arbitrage
If you know the "true" market rate for BTSX in dollars (e.g., from coinmarketcap/bter/btc38 prices), you can trade the spread between such a "true" price and the price trading for BTSX:USD in bitsharesx:
fill in the gaps...
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)
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
2) Three-legged arbitrage
If you can trade BTSX:BitUSD (bitsharesx), BitUSD:BTC (https://bter.com/trade/btc_bitusd
), and BTC:BTSX (https://bter.com/trade/BTSX_BTC
), you can use arbitrage to generate more coins if the exchange rates are not "correct":
right now (1400 UTC 2014-08-27) if I start with 1 BTSX and convert it to BTC then BITUSD then back to BTSX I end up with
1* 0.0000710 BTC/BTSX * 551.00 BitUSD/BTC * 26.698008 BTSX/USD = 1.044452771
That means if there are no fees, and I just buy one BTC then use that to buy BitUSD thenuse that to buy BTSX, and I end up with 4% more BTSX then I started with, free money.
3) Discount trading
just check this out, and act accordingly:https://bter.com/trade/BITUSD_USD