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Thanks for the investigation Wackou, so am I correct in saying that if the price feed had more witnesses for this asset and if the price feed is an average of witness feeds, this can help reduce black swans in future? Although such a sharp divergence in feed pricing likely still would black swan the asset even with twice the amount of witnesses correct?
Complete BTS noob here, but can someone provide a link to the net asset value (or current premium) that BTS is trading to the underlying coins? Also, id there a history of this premium available somewhere. Many thanks.Quote from: EstefanTT on December 19, 2016, 01:54:31 pm[/center]
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But how exactly is it made, what are the coins in it and how can I invest in it? I'm here to share with you this promising blockchain project and answer all your questions. I wanted to create a tool that allows anyone to invest in the global economic growth of cryptocurrencies without a headache. Just buy something that will track this soon economic Cambrian explosion. This tool had to be decentralised because we all know how centralised projects dealing with money end up, especially in the cryptocurrency world. So my team and I have created a cryptocurrency index fund (ETF like).I want to spread the information about this index fund in the crypto community so everyone can invest in a great asset that will grow as the cryptocurrency global market grows. Not something going up and down wildly, but more something like a monster slowly waking up and devouring the fiat money markets.I want it to be a place where you can store your value with a high probability that months later, you will still have your investment intact and a nice return on investment.I also want to spread the word out of cryptocurrencies. My plan is to start with the cryptocurrency savvy crowd and then move on to trading forums, forex, stock markets and others. This is how I aim to make new money comes into this space. The bigger the index daily volume will grow, the easier is going to be to promote it and make people interested in crypto. The index took almost a 2 years to be fully tested and heavily reviewed. It´s finally ready and has been officially launched on the BitShares decentralised exchange on 16/12/2016. The index is fully decentralised and every Bit20 will always be backed by a minimum of 175% of its value. Here is the evolution of Bit20 ober the last 18 month in $ : This is 100% secure, 100% decentralised, 100% pure cryptocurrency ! If you have any question, please have a look on the website at the "FAQ" or "About Bit20" tab. If you don't find what you are looking for, I'll do my best to answer you in this post. www.bittwenty.com BitShares Decentralised Exchange pair (BTWTY : BTS) Web site FAQ Bitcoin.talk forum official thread Steemit official thread
wackouFeedPrice: 1.75457e-06 BTWTY/BTS 569940.2132716278 (2017-07-20T20:59:57+00:00)FeedPrice: 1.47023e-08 BTWTY/BTS 68016568.8361685 (2017-07-20T20:35:33+00:00)FeedPrice: 1.47023e-08 BTWTY/BTS 68016568.8361685 (2017-07-20T20:29:27+00:00)FeedPrice: 1.47023e-08 BTWTY/BTS 68016568.8361685 (2017-07-20T20:23:18+00:00)FeedPrice: 1.70705e-06 BTWTY/BTS 585805.9224978765 (2017-07-20T20:11:06+00:00)FeedPrice: 3.39766e-06 BTWTY/BTS 294320.20861416386 (2017-07-20T19:28:27+00:00)FeedPrice: 3.39766e-06 BTWTY/BTS 294320.20861416386 (2017-07-20T19:16:15+00:00)FeedPrice: 3.40805e-06 BTWTY/BTS 293422.92513314064 (2017-07-20T18:51:51+00:00)FeedPrice: 3.40365e-06 BTWTY/BTS 293802.24171110423 (2017-07-20T18:27:27+00:00)FeedPrice: 3.4317e-06 BTWTY/BTS 291400.7634700003 (2017-07-20T18:03:06+00:00)
verbaltech2FeedPrice: 1.75844e-06 BTWTY/BTS 568685.8806669548 (2017-07-20T21:00:12+00:00)FeedPrice: 3.38361e-06 BTWTY/BTS 295542.3349617716 (2017-07-20T20:04:54+00:00)FeedPrice: 3.38991e-06 BTWTY/BTS 294993.0824122174 (2017-07-20T20:00:36+00:00)FeedPrice: 3.40312e-06 BTWTY/BTS 293847.99830743554 (2017-07-20T19:05:18+00:00)FeedPrice: 3.4082e-06 BTWTY/BTS 293410.0111495804 (2017-07-20T19:03:33+00:00)FeedPrice: 3.43005e-06 BTWTY/BTS 291540.93963644846 (2017-07-20T18:03:42+00:00)FeedPrice: 3.4321e-06 BTWTY/BTS 291366.8016666181 (2017-07-20T18:02:18+00:00)
foxFeedPrice: 3.3770663424682977e-06 BTWTY/BTS 296115.0 (2017-07-20T19:51:39+00:00)FeedPrice: 3.397962581636051e-06 BTWTY/BTS 294294.0 (2017-07-20T15:51:06+00:00)FeedPrice: 3.3295376604004766e-06 BTWTY/BTS 300342.0 (2017-07-20T11:50:33+00:00)FeedPrice: 3.362994948781587e-06 BTWTY/BTS 297354.0 (2017-07-19T21:13:06+00:00)FeedPrice: 3.422653172286093e-06 BTWTY/BTS 292171.0 (2017-07-19T17:12:27+00:00)FeedPrice: 3.470342453393301e-06 BTWTY/BTS 288156.0 (2017-07-19T13:11:51+00:00)
Bit20 index is currently screwed by wrong data:QuoteXEM Quantity: 24030.020904655; Price in USD: 186.419032726; Value in USD: 4479653.2534313The price feed is currently wrong and this caused a bunch of margin calls.
XEM Quantity: 24030.020904655; Price in USD: 186.419032726; Value in USD: 4479653.2534313
@EstefanTT It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with @alt to help him fix this, running bot on bit20 would be sweet.
Quote from: yvv on June 21, 2017, 04:46:42 pm@EstefanTT It is unfortunate that btsbots provide incorrect price feed for bit20. This makes the use of bot for bit20 very difficult. If you could collaborate with @alt to help him fix this, running bot on bit20 would be sweet.I have just started using the dex and would like to know what bot you use. I use bots on polo and bittrex but I am unfamiliar with what is available on the btsdex
Quote from: EstefanTT on April 21, 2017, 04:50:54 pmOn the 21st day of every month ... I strongly suggest not include BTS in the Bit20 index forever, otherwise no one will short Bit20. @EstefanTT and you should announce In the website.
On the 21st day of every month ...
On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:BTC / 20065294344 USD / 10 % / 0.87291578470716 coins / 1232.16 USDETH / 4514306085 USD / 10 % / 21.657976132206 coins / 49.6617 USDLTC / 521706945 USD / 10 % / 104.60319704396 coins / 10.2824 USDDASH / 518522510 USD / 10 % / 15.024283279737 coins / 71.5889 USDETC / 299964083 USD / 10 % / 325.8380683335 coins / 3.30094 USDXMR / 284572267 USD / 9.7381502379009 % / 52.737191583632 coins / 19.8609 USDXEM / 258080400 USD / 8.8315904257022 % / 33125.76061711 coins / 0.0286756 USDREP / 124573900 USD / 4.2629570573061 % / 40.487040754245 coins / 11.3249 USDMAID / 96360175 USD / 3.2974747363573 % / 1665.6825428515 coins / 0.212926 USDPIVX / 90309478 USD / 3.0904180296332 % / 195.32638948038 coins / 1.70175 USDGNT / 82415740 USD / 2.8202918947396 % / 3018.1248562256 coins / 0.100507 USDZEC / 76101209 USD / 2.6042067076336 % / 4.1610326198034 coins / 67.3153 USDDCR / 67929548 USD / 2.3245699624577 % / 17.367134575901 coins / 14.3964 USDSTRAT / 66212668 USD / 2.2658178023941 % / 362.00496263059 coins / 0.673209 USDBCC / 61536964 USD / 2.1058137777575 % / 22.487853870314 coins / 10.0719 USDFCT / 57496920 USD / 1.9675622332396 % / 32.217448851248 coins / 6.56866 USDSTEEM / 52623698 USD / 1.8007990820761 % / 864.60149456975 coins / 0.224021 USDGAME / 48655793 USD / 1.6650161562589 % / 228.63519536375 coins / 0.783276 USDDOGE / 48023587 USD / 1.6433818730794 % / 401328.55895373 coins / 0.000440431 USDWAVES / 46228400 USD / 1.5819500234637 % / 368.06400685678 coins / 0.462284 USDThe composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:http://cryptofresh.com/u/bittwenty.feedYou will find on the website the composition with the updated price of each coin and the total value of the indexNext, a glance at the state of the market since its creation on the BitShares Decentralised ExchangeDon't hesitate anymore and start trading on the Bit20 market !!! www.bittwenty.com BitShares Decentralised Exchange pair (BTWTY : BTS) Web site FAQ Bitcoin.talk forum official thread BitShares.talk forum official thread Steemit official thread
Can bit20 be force settled yet? When it launched it couldn't be has that changed. I don't see how it can keep its peg unless you have the ability to force settle?
Market settings changesHello dear traders and investors,Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price. Why is that ? Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials. This market has been created with some very specific settings. These settings have been adjusted before the market was born.Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.2 changes: The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised. The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher. In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%What does it change for you concretely?Really not much. For the buyer, nothing at all. For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible! Second change. After receiving some requests, we will enable the force settlement setting. This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's easy to sell at a better price than the price feed. In order to let everyone consider this information, we will wait for 48h before operating any change.Happy trading!
I have buy orders on the BTWTY:bitUSD market. I will gradually try to buy €3k worth of BTWTYQuote from: mea123 on April 02, 2017, 01:25:38 pmMarkoPaasila If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested. You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?-----------
MarkoPaasila If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested. You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?-----------
If the price rises 300% per year on average, and you bought at 2 x feed price, you will need to wait approximately 8 months, and you can force settle your Bit20 to receive as much BTS as you once invested. You can also put up a sell order at the same premium you paid. I'm sure someone will pick it up. I will buy it from you if you sell it at 1.5 x price feed.Quote from: mea123 on April 01, 2017, 04:43:31 pmQuote from: MarkoPaasila on March 24, 2017, 12:49:34 pmHow much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promiseI own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot
Quote from: MarkoPaasila on March 24, 2017, 12:49:34 pmHow much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?if we dont have liquidity, I want bother to buy into, regardless the price, what good does it do, when price rise but you cant sell. get the liquidity in order and you will have a viable market, I promiseI own a few BIT20 but I do not even bother to look at it, why should I, can buy cant sell for some time to come, takes days or weeks ..there is not a market, its monopoly, just monopoly is over after a few hours, its sad, because I love the idea a lot
How much should I be ready to pay for Bit20 in terms of USD? What will the price be when markets are efficient and price discovery has happened? Do you expect it to continue trading above feed price?
I dont think your post is funny, this is a real issue, its not about what you would buy when get it cheap, DEX this is not a used car-dealership..this supposed to be a market where one invest and risk his hard earned money, I would rather go to poloniex and buy all 20 individually and sell for market price, before I have to sell for much less because I need money or need cash to buy e.g. Dash, what about that idea?-----------
QuoteSecond change. After receiving some requests, we will enable the force settlement setting. This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's easy to sell at a better price than the price feed. Forced settlement may be usefull if someone wants to settle larger amount than currently offered on the market. Just make max forced settle volume not too small and not too large.And by the way, if you make MCR 150%, we will have the same leverage as on poloniex, 2.5x.
Second change. After receiving some requests, we will enable the force settlement setting. This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's easy to sell at a better price than the price feed.
Quote from: yvv on December 23, 2016, 05:37:21 pmIt is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.It's indeed a good time to short (not an investment advice). The index is trading way above the feed price. It has it's logic when you consider it has been growing quite steadily since its creation. With that said, I don't believe the price will drop back to the peg. I imagine it will keep trading above but probably not that much above.
It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.
Publisher @Fox set MSSR=150%,others 110%,why?
Amazing!! many congrats! I hope we can find some shorters for this market!
Verbaltech2 is now publishing the feed for this index.
Quote from: EstefanTT on December 19, 2016, 06:05:57 pmQuote from: yvv on December 19, 2016, 04:12:19 pmLooking forward to hound my btsbot on it.I would love to see a trading bot on this market There are already some. Btsbot reference price is a bit off now, but it will hopefully adjust. I feel that this coin is going to be successful.
Quote from: yvv on December 19, 2016, 04:12:19 pmLooking forward to hound my btsbot on it.I would love to see a trading bot on this market
Looking forward to hound my btsbot on it.