Is this the time to buy BitUSD?

Started by nomoreheroes7, August 29, 2014, 01:51:10 PM

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yiminh

#7
August 29, 2014, 07:34:22 PM
the wallet bug destroyed the market liquidity, to get a margin call in this iliquid market is very unfortunate:(

oldman

#6
August 29, 2014, 07:20:34 PM
Quote from: mf-tzo on August 29, 2014, 05:42:52 PM
QuoteRight now BitUSD is cheap vs USD and we are committed to making updates that will establish the GOAL which is a pegged crypto-asset that doesn't have to trust a 3rd party for reserves.

+5%. That statement is good enough for me. Unfortunately I have no more fiat to invest, no more bitcoins and I just can't sell any Bitshares at current prices... The bigger problem though is that I can't use the client due to bugs  :(...when is expected the next release?

If anyone is looking for a reason for the recent downtrend in price, this is it. People are not trading and capital is not moving in because the interface is buggy.

yellowecho

#5
August 29, 2014, 07:10:19 PM
I wish I could tell you man.

I majorly fucked myself last night shorting bitUSD because I got confused using the GUI!   ::)  I'm sure I'm not the only one by the looks of some of these orders.  Luckily I haven't quite hit a margin call yet but I've had several close calls. :(
696c6f766562726f776e696573

mf-tzo

#4
August 29, 2014, 05:42:52 PM
QuoteRight now BitUSD is cheap vs USD and we are committed to making updates that will establish the GOAL which is a pegged crypto-asset that doesn't have to trust a 3rd party for reserves.

+5%. That statement is good enough for me. Unfortunately I have no more fiat to invest, no more bitcoins and I just can't sell any Bitshares at current prices... The bigger problem though is that I can't use the client due to bugs  :(...when is expected the next release?
[url="//www.bitshares.gr/"]www.bitshares.gr/[/url]

bytemaster

#3
August 29, 2014, 02:16:53 PM
Right now BitUSD is cheap vs USD and we are committed to making updates that will establish the GOAL which is a pegged crypto-asset that doesn't have to trust a 3rd party for reserves.
For the latest updates checkout my blog: [url="http://bytemaster.bitshares.org"]http://bytemaster.bitshares.org[/url]
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

nomoreheroes7

#2
August 29, 2014, 01:54:46 PM
Well since the time I submitted this post the value of BitUSD has gone up to 38.4 BTSX, which more approximates the current price. Interesting...

nomoreheroes7

#1
August 29, 2014, 01:51:10 PM
So I'd like to shelter some of my BTSX against the current drop in price, so I'm thinking I would want to buy BitUSD. However, I'm seeing BitUSD currently trading for about $0.029 per BTSX (34 BTSX per BitUSD), whereas the current market price is about $0.021 (0.00004250 BTC per BTSX), which is a pretty significant spread. It almost seems more beneficial to cash out into BTC at this point, with BitUSD having such a significant discount. Thoughts?
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