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Offline eagleeye

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How to start the market of bitUSD please read *EVERYONE*
« on: September 02, 2014, 07:22:00 PM »

We all need to become market makers?  How?

Keep a $1 dollar short open on bitUSD.  If you dont know how to do this, post screenshots of where you are having problems. 

If everyone does it, it shows that there is an appearance of markets, for us to get market makers.

We will need them to develop software for the market maker companies or convince them there is a market there. 

But this is a step by step process.
« Last Edit: September 02, 2014, 09:32:24 PM by eagleeye »

Offline toast

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #1 on: September 02, 2014, 07:23:53 PM »
you can all start becoming market makers by buying any undervalued bitusd you can find...
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline eagleeye

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #2 on: September 02, 2014, 07:25:54 PM »
We need people to put just $1 dollar or LESS Put just 5 cents up of bitUSD short and long.

If enough people do this and keep it up, its an illusion that will become real.

Offline toast

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #3 on: September 02, 2014, 07:28:53 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Riverhead

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #4 on: September 02, 2014, 07:47:48 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Update: the orders don't seem to be matching up.  Shouldn't my ask satisfy the top short?




« Last Edit: September 02, 2014, 07:54:11 PM by Riverhead »

Offline eagleeye

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #5 on: September 02, 2014, 07:50:56 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)?  The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level.  Is it because they do not believe the peg will hold?

Offline Riverhead

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #6 on: September 02, 2014, 07:52:24 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)?  The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level.  Is it because they do not believe the peg will hold?


They believe BTSX will rise relative to bitUSD. bitUSD will continue to track $1 USD.


Offline biophil

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #7 on: September 02, 2014, 07:53:00 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)?  The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level.  Is it because they do not believe the peg will hold?

Because they think BTSX will rise relative to USD.

Offline speedy

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #8 on: September 02, 2014, 07:56:06 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.

Offline biophil

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #9 on: September 02, 2014, 07:57:56 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.

Or simply have a little box in the client that says "bitUSD is only 80 cents! buy buy buy!"

Offline Riverhead

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #10 on: September 02, 2014, 07:58:04 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.


I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.

Offline GaltReport

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #11 on: September 02, 2014, 08:02:06 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.


I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.

I agree.  I have tried unsuccessfully to do this.


Offline biophil

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #12 on: September 02, 2014, 08:04:18 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.


I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.

I agree.  I have tried unsuccessfully to do this.

Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.

Offline Shentist

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Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #13 on: September 02, 2014, 08:06:39 PM »
median was not a good solution.

would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?

i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.

Offline onceuponatime

Re: How to start the shorting market of bitUSD please read *EVERYONE*
« Reply #14 on: September 02, 2014, 08:07:08 PM »
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD

Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.


I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.

I agree.  I have tried unsuccessfully to do this.

Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.

So how does one know what the median price feed is in order to bid intelligently?

 

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