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Offline CoinHoarder

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bitBTC market is now up and running!
« on: September 01, 2014, 04:47:50 AM »



« Last Edit: September 01, 2014, 04:56:23 AM by CoinHoarder »

Offline onceuponatime

Re: bitBTC market is now up and running!
« Reply #1 on: September 01, 2014, 04:57:52 AM »
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

Offline CoinHoarder

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Re: bitBTC market is now up and running!
« Reply #2 on: September 01, 2014, 05:03:49 AM »
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Offline onceuponatime

Re: bitBTC market is now up and running!
« Reply #3 on: September 01, 2014, 05:06:39 AM »
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

Offline eagleeye

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Re: bitBTC market is now up and running!
« Reply #4 on: September 01, 2014, 08:14:25 PM »




Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

Offline eagleeye

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Re: bitBTC market is now up and running!
« Reply #5 on: September 01, 2014, 08:16:34 PM »
OK, I just bought 1 bitBTC to kick things off (from a short at 17,000.00

You will be read about in little kids' history classes in 20 years.  8)

Not at my age, I won't  ;D

cryogenics my friend.  Welcome to the 21st century :)

Offline CoinHoarder

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Re: bitBTC market is now up and running!
« Reply #6 on: September 01, 2014, 08:22:56 PM »
Great job Sir, CoinHoarder .  Are you a developer/engineer for bitsharesx?

No, just a "fan boy." hahaha  ;D

Offline Method-X

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Re: bitBTC market is now up and running!
« Reply #7 on: September 02, 2014, 12:15:13 AM »
What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Offline CoinHoarder

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Re: bitBTC market is now up and running!
« Reply #8 on: September 02, 2014, 12:25:32 AM »
What are the reasons someone would buy/short BitBTC as opposed to buying/shorting the real thing?

Because could do so without going through a trusted third party (an exchange), where you are instead exchanging btsxIOUs for xbtIOUs, and your funds could theoretically be seized, stolen, or held until you comply with some sort of kyc (know your customer) procedure.

It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.

Offline Riverhead

Re: bitBTC market is now up and running!
« Reply #9 on: September 02, 2014, 01:07:10 AM »
It is safer than trading on an exchange if you are trading just for the sake of trading. If you are trading to spend them then that is another story, but I have a feeling the bitasset infrastructure will fall into place to allow people to do that.


This is the primary reason I'll be using it. If we learned anything from Mt. Gox. Now exchanges seem to be a lot more transparent however they are still easy targets for regulators regardless of their good intentions. With BitSharesX all your money stays either in your wallet or on the blockchain when being stored as collateral. You don't have to trust a third party to keep your money safe until you withdraw.


This isn't to paint the exchanges with a bad brush but they are a big target for a hacker; much more so than an individual wallet with trades protected by TITAN so only the person looking at the screen has any idea how much money is in it.

Offline tonyk

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Re: bitBTC market is now up and running!
« Reply #10 on: September 02, 2014, 01:19:16 AM »

BTW, bitBTC is trading with much less discount than bitUSD. At least so far.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Method-X

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Re: bitBTC market is now up and running!
« Reply #11 on: September 02, 2014, 01:56:01 AM »

BTW, bitBTC is trading with much less discount than bitUSD. At least so far.

There's only one order in the "order history" section... So nothing is really happening?

Offline tonyk

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Re: bitBTC market is now up and running!
« Reply #12 on: September 02, 2014, 02:03:01 AM »

I personally have 7+ filled orders...

I guess the GUI is more intelligent now, displaying only recent orders.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline eagleeye

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Re: bitBTC market is now up and running!
« Reply #13 on: September 02, 2014, 02:12:57 AM »

I personally have 7+ filled orders...

I guess the GUI is more intelligent now, displaying only recent orders.

Can you give us a screenshot without (WITHOUT) your username and BTSX amount?

Offline tonyk

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Re: bitBTC market is now up and running!
« Reply #14 on: September 02, 2014, 02:30:00 AM »
Hope this helps!


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

 

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