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Messages - legend018

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1
Technical Support / trying to buy open.eos and having an issue
« on: January 13, 2018, 07:46:42 pm »
Everytime I try to do something on BitShares it doesn't work out. Every sell order or buy order just sits there and daily and weekly I check it and it just sits. Some or most of it is probably me not understanding. Can someone check the latest one I'm trying now.
My account is legend018. I have the following order:
On my dashboard
Buy 1.83824 open.EOS for 50 BTS
Price 27.20000
Market Price 28.13000

I am literally picking one of the ones in the list.  I checked the Market price and literally this time picked one of the higest ones in the list. Also, why is there so many in the list that cost way less? Those definitely never go through as I tried that too,  but even the ones that on Market just sit there.  The orders are there, so why don't they go through. Why can't I buy anything in this manner?   I need to understand what I'm doing wrong because I'm getting confused.

2
Technical Support / borrowed HERO and then put it on the market to sell question
« on: January 05, 2018, 11:55:15 pm »
ok I'm kind of new at this and I guess I don't fully know what I'm doing, but I'm not playing with a ton of money and feel I need to do it to start getting a better understanding. I had borrowed 1 Hero and then put it on the market.  I thought if I sold 1 hero someone would eventually buy 1 hero but I noticed it was being sold off in pieces . Is that what is suppose to happen?  I sold it for settlement price.  For example: see pasted fill orders are below.  I also got nervous because I thought well maybe I did something wrong so I cancelled it and it cancelled and I eventually got 0.00001 hero back.  Now I don't know what I'm suppose to do with 0.00001 hero.    So I probably screwed something who knows.

legend018 bought 0.89 BTS at 200.44369369 BTS/HERO

1 hour ago
Fill order
legend018 bought 4.83 BTS at 200.00 BTS/HERO

1 hour ago
Fill order
legend018 bought 38.63 BTS at 200.00 BTS/HERO

1 hour ago
Fill order
legend018 bought 155.65 BTS at 200.00 BTS/HERO

3
Technical Support / what is TCash
« on: January 05, 2018, 04:26:45 pm »
all of a sudden I have 0.1000 worth of TCash. doesn't like it has any BTS value to it, but what is this?

4
Technical Support / Re: when BitUSD/BTS decreases
« on: January 05, 2018, 12:14:53 am »
I think I might be looking at the wrong graph. It's hard to know what graphs to actually concentrate on with all this.
For example I have found bts to usd charts, bitusd-bts charts and BTS to bitusd charts.  When shorting, which one do I actually concentrate on watching?  The BITUSD-BITUSD to BTS showing  1.107105 below? 

BTS to USD is 0.8124 which is shown:
https://www.finder.com/bitshares

BTS to USD 0.837870 seen here:
https://currencio.co/bts/

also on currencio.co
BITUSD-BITUSD to BTS is 1.107105

BTS to bitusd is 0.903257

5
Technical Support / Re: buying and selling bitusd vs. borrowing bitusd and then short selling?
« on: January 04, 2018, 12:54:36 am »
Quote from: chamber on January 02, 2018, 02:06:01 am
To buy one bitUSD will cost about $1.00 (the actual cost will fluctuate above or below this about, depending on how well the peg is holding).

To short sell one bitUSD, you first have to put up at least $1.75 worth of BTS as collateral.  The BTS network then issues you one bitUSD, which you can then sell.   You have to maintain your collateral above a certain level (currently 175% of the value of your bitUSD short positions), or you will face a margin call.

You buy bitUSD when you want a currency whose value and volatility will closely follow the dollar.

You short sell bitUSD when you're bullish on the prospects of Bitshares, and you think that BTS will be worth more in the future--relative  to the dollar--than it is now.   

To illustrate, let's suppose that you borrow one bitUSD from the network, and put up $2 worth of BTS as collateral.  Once issued, you sell that bitUSD for $1.  Now suppose that BTS rises in price so much that a dollar is now worth only 1% of the BTS it was worth before.  You can buy back bitUSD to close out your short position using only $0.01 worth of BTS.  In other words, you've bought low ($0.01) and sold high ($1.00), thereby making $0.99 for each bitUSD you shorted.

I had posted another post with a question, but wondering since you explained this to me.   When using this graph on the bottom of this page: https://www.finder.com/bitshares
It always looks like the price is going up? So that means the dollar value for 1 bts is moving up right? If I'm reading that correctly then if this continues and BitShares does well it will be hard to really short out a position right? I was using an example I found where it said If BitUSD/BTS decreased (dollar has declined in relative value to BTS) - then you can buy BitUSD and then close out making a profit.  Is that the same or similar to your example?  What is the graph in the link actually telling me?  I just see everything going up so I think that means it would make no sense in borrowing BitUSD to short in the future because the value keeps going up right?

6
Technical Support / when BitUSD/BTS decreases
« on: January 03, 2018, 08:07:03 pm »
When I read about doing a short on a bitasset there are some discussions online that talks about when BitUSD/BTS decreases (dollar has declined in relateive value to BTS) - which would be when you short I guess.

Anyway: If bitshares is doing well and continues to do well, then wouldn't that mean it would be impossible to short since the dollar value is constantly increased? Or am I reading this all wrong or not understanding. I'm using this graph. https://www.finder.com/bitshares

7
Technical Support / Re: buying and selling bitusd vs. borrowing bitusd and then short selling?
« on: January 02, 2018, 12:00:45 pm »
Quote from: Methodise on January 02, 2018, 12:59:02 am
when you short sell bitUSD, you place your account in debt for that amount of bitUSD.

It's the fundamental difference between selling something you own, and selling something you've borrowed; if you have a concept of short selling at all; voila.

ok this is what I needed - thanks. So in a sense, one could lose more money if they short sell right since you are borrowing plus the collatal. If you already have it, and you lose then well you just lose a piece of what you have.  AT least that is how I'm seeing it.

8
Technical Support / buying and selling bitusd vs. borrowing bitusd and then short selling?
« on: January 01, 2018, 08:07:37 pm »
I'm trying real hard to understand some basics and came across the following dilemma.  If I have BTS in my account, what is the difference between
1. Buying some bitusd.  Just going in and finding a buy and buying bitusd with my BTS. Then say selling it later
vs.
2. Borrowing bitusd and then short selling it that way.

I was trying to learn some of the basics around borrowing bitusd (giving bts as collateral) and short selling it.
But then I realized you can just outright buy and sell.  So what is the difference?  You can do the same thing either way right, possibly make a small profit? Or are there some differences that are not clear to me at this time?  Obviously there are differences or benefits or else there wouldn't be both methods.  I can't wrap my head around the differences.

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