BitShares Forum

Main => General Discussion => Topic started by: Shentist on August 29, 2014, 09:00:00 pm

Title: insufficient depth ?
Post by: Shentist on August 29, 2014, 09:00:00 pm
is there a reason you pulled your depth out of the market and no trading is possible?

without message it is just annoying. could spent my time better!
Title: Re: insufficient depth ?
Post by: graffenwalder on August 29, 2014, 09:06:45 pm
In another post BM said he's up 1.000.000 BTSX. So his order must have got filled.

Maybe he's not sure about putting in a new short.

Edit: or buy
Title: Re: insufficient depth ?
Post by: bytemaster on August 29, 2014, 09:20:47 pm
In another post BM said he's up 1.000.000 BTSX. So his order must have got filled.

Maybe he's not sure about putting in a new short.

Edit: or buy

Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.   
Title: Re: insufficient depth ?
Post by: Pheonike on August 29, 2014, 09:23:39 pm

Will you be adding alert message feature in the Vault(wallet) that lets users know when trading has been halted or any other import messages?
Title: Re: insufficient depth ?
Post by: Fox on August 29, 2014, 09:26:54 pm
... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.

Will this bug require a hard fork upgrade for delegates?
Title: Re: insufficient depth ?
Post by: bytemaster on August 29, 2014, 09:28:51 pm
... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.

Will this bug require a hard fork upgrade for delegates?

Yes.
Title: Re: insufficient depth ?
Post by: jsidhu on August 29, 2014, 09:31:04 pm
In another post BM said he's up 1.000.000 BTSX. So his order must have got filled.

Maybe he's not sure about putting in a new short.

Edit: or buy

Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.

And market rises on that news, that the devs are taking proper precautionary measures, confidence rises.
Title: Re: insufficient depth ?
Post by: bytemaster on August 29, 2014, 09:50:39 pm
Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.
UGH!@!!

What happens to all existing orders?  I have outstanding short positions and buy orders... but I don't want the buy orders to execute if there's a margin call and I don't need to cover.  If the system comes back online under the margin threshold for my short then I could be absolutely screwed.  There's a lot of money on the line with all the volatility and the plug just gets pulled? And it's not like I can't just wait around for it because it's Labor Day weekend. >:(

Feel free to cancel orders.   If you need to cover a short position and would like to buy BitUSD, I will send you BitUSD for BTSX at the last market price before it closed.
Title: Re: insufficient depth ?
Post by: yellowecho on August 29, 2014, 10:24:19 pm
My wallet froze during the insufficient feed and I couldn't cancel but it worked after I restarted it so I deleted my post.  Thanks for the offer


Sent from my iPhone using Tapatalk
Title: Re: insufficient depth ?
Post by: Riverhead on August 29, 2014, 10:33:48 pm
Feel free to cancel orders.   If you need to cover a short position and would like to buy BitUSD, I will send you BitUSD for BTSX at the last market price before it closed.


Will orders survive the fork? I have a short on USD that I can just let ride since we're trying to address the demand for bitUSD.


(http://i.imgur.com/2BMsw3A.png)
Title: Re: insufficient depth ?
Post by: bytemaster on August 29, 2014, 10:35:16 pm
Feel free to cancel orders.   If you need to cover a short position and would like to buy BitUSD, I will send you BitUSD for BTSX at the last market price before it closed.


Will orders survive the fork? I have a short on USD that I can just let ride since we're trying to address the demand for bitUSD.

All orders will survive the fork, but after the fork they will execute relative to price feeds rather than the average. 
Title: Re: insufficient depth ?
Post by: theoretical on August 29, 2014, 11:06:55 pm

All orders will survive the fork, but after the fork they will execute relative to price feeds rather than the average. 

So I assume you're referring only to margin call orders.

What if the BitUSD price is going up (that is, the real price, determined by what people are willing to trade at) -- but that is not reflected in the feed until some time later?  I wonder if that delay might exceed the moving average delay long enough to increase the risk of getting into an FDIC situation, where some shorts' collateral is totally wiped out and they need to be "rescued".  Did the BitFDIC idea ever make it into production, anyway?  How does the BitFDIC deal with needing to print BTSX?

[1] I prefer avoiding the term "fork" or "hard fork" because that implies something awful.  Another thread proposed "Mandatory upgrade" to be the terminology for any change to the blockchain validation algorithm.
Title: Re: insufficient depth ?
Post by: doxymoron on August 30, 2014, 12:52:45 pm
In another post BM said he's up 1.000.000 BTSX. So his order must have got filled.

Maybe he's not sure about putting in a new short.

Edit: or buy

Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.

There really should be a separate forum post about this.  Maybe I just cant find it, but this is the only post I've seen regarding why no trading is going on.  And I had to dig for this.
Title: Re: insufficient depth ?
Post by: liondani on August 30, 2014, 01:01:42 pm
It would be awesome if users click on market tab on the BTSX wallet are informed for the market pause reasons...
Not all users come to this forum to get informed. I could suppose the majority isn't....
Title: Re: insufficient depth ?
Post by: Thiball on August 30, 2014, 01:02:15 pm
Ok, great. So I'm stuck and I can't trade. Maybe this is a beta or alpha or whatever but this is real money...

When do you think we can start trading ? Today ? Thx
Title: Re: insufficient depth ?
Post by: Riverhead on August 30, 2014, 01:13:54 pm
Although the market on BitSharesX doesn't have the dept right now for trading you can still trade on an exchange like BTER in the mean time. I know it's not the same thing but it could scratch the itch :). BTER has BTSX and bitUSD.
Title: Re: insufficient depth ?
Post by: Thiball on August 30, 2014, 01:18:52 pm
Although the market on BitSharesX doesn't have the dept right now for trading you can still trade on an exchange like BTER in the mean time. I know it's not the same thing but it could scratch the itch :). BTER has BTSX and bitUSD.

Is that a joke  :P ?

The thing is I don't want to lose money. I think it's fair enough. I am aware that the wallet could have some bugs but when you stop the market, you have to tell everyone.
Title: Re: insufficient depth ?
Post by: speedy on August 30, 2014, 01:22:19 pm
The wallet is showing that the combined ASK + BID depth is still over 20 million. Is that not the minimum depth?
Title: Re: insufficient depth ?
Post by: graffenwalder on August 30, 2014, 01:24:37 pm
No they both have to be 2.000.000+
Title: Re: insufficient depth ?
Post by: speedy on August 30, 2014, 01:26:03 pm
No they both have to be 2.000.000+

Oh thanks :)
Title: Re: insufficient depth ?
Post by: nikauforest on August 31, 2014, 05:37:26 am
I just started 0.4.10
I am getting insufficient depth on USD:BTSX any idea when this might allow us to trade? Thanks in advance.
Title: Re: insufficient depth ?
Post by: Shentist on August 31, 2014, 05:41:47 am
I just started 0.4.10
I am getting insufficient depth on USD:BTSX any idea when this might allow us to trade? Thanks in advance.

thought the same - got the wrong impression. market will start not with installation 0.4.10 or maybe they just wait for more updated delegates.
Title: Re: insufficient depth ?
Post by: onceuponatime on August 31, 2014, 05:50:57 am
I just started 0.4.10
I am getting insufficient depth on USD:BTSX any idea when this might allow us to trade? Thanks in advance.

thought the same - got the wrong impression. market will start not with installation 0.4.10 or maybe they just wait for more updated delegates.

Toast said it might be Monday.
Title: Re: insufficient depth ?
Post by: Thiball on August 31, 2014, 09:23:10 am
Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.
UGH!@!!

What happens to all existing orders?  I have outstanding short positions and buy orders... but I don't want the buy orders to execute if there's a margin call and I don't need to cover.  If the system comes back online under the margin threshold for my short then I could be absolutely screwed.  There's a lot of money on the line with all the volatility and the plug just gets pulled? And it's not like I can't just wait around for it because it's Labor Day weekend. >:(

Feel free to cancel orders.   If you need to cover a short position and would like to buy BitUSD, I will send you BitUSD for BTSX at the last market price before it closed.

What was the last price before it closed please ?
Title: Re: insufficient depth ?
Post by: bytemaster on August 31, 2014, 06:20:48 pm
Nope... we just identified a potential bug and thought it would be better to halt trading than allow the market to do bad things.  Trading will remain suspended until all parties have a stable wallet and we have resolved some known issues.
UGH!@!!

What happens to all existing orders?  I have outstanding short positions and buy orders... but I don't want the buy orders to execute if there's a margin call and I don't need to cover.  If the system comes back online under the margin threshold for my short then I could be absolutely screwed.  There's a lot of money on the line with all the volatility and the plug just gets pulled? And it's not like I can't just wait around for it because it's Labor Day weekend. >:(

Feel free to cancel orders.   If you need to cover a short position and would like to buy BitUSD, I will send you BitUSD for BTSX at the last market price before it closed.

What was the last price before it closed please ?

$0.03 per BTSX.
Title: Re: insufficient depth ?
Post by: Thiball on August 31, 2014, 08:34:00 pm
It could be fair enough if it was the 1h Avg. Price 0.031760.  ;D ;D ;D
Title: Re: insufficient depth ?
Post by: Thiball on September 05, 2014, 11:05:14 pm
And again, insufficient depth...
Title: Re: insufficient depth ?
Post by: wesphily on September 05, 2014, 11:52:54 pm
ya...potentially due to interest news. Afraid people will buy out bitusd way above peg?
Title: Re: insufficient depth ?
Post by: Markus on September 06, 2014, 01:14:22 am
You can still trade BitBTC :)
Title: Re: insufficient depth ?
Post by: Riverhead on September 06, 2014, 01:42:33 am
You can still trade BitBTC :)


Sure can :D. Maybe BM took his bids out of bitUSD while he figures out the "Reward/Dividend/Interest" logic.
Title: Re: insufficient depth ?
Post by: bytemaster on September 06, 2014, 02:01:13 am
Doh.  My bad.  I was sick and canceled the wrong order. 
Title: Re: insufficient depth ?
Post by: hadrian on September 06, 2014, 09:44:36 pm
Doh.  My bad.  I was sick and canceled the wrong order.

I hope you've recovered from your sickness
 :-*
 :P
Title: Re: insufficient depth ?
Post by: xeroc on September 06, 2014, 09:46:01 pm
Doh.  My bad.  I was sick and canceled the wrong order.

I hope you've recovered from your sickness
 :-*
 :P
I don't believe BM is the 'sick' lead dev for cob's BitShares Music .. BM was pretty fine yesterday at the mumble hangout :)
Title: Re: insufficient depth ?
Post by: bytemaster on September 07, 2014, 01:49:18 am
I was barely hanging on at the mumble hangout.
Title: Re: insufficient depth ?
Post by: Riverhead on September 07, 2014, 02:00:15 am
I was barely hanging on at the mumble hangout.
Sorry to hear Dan. Get some rest, feel better.
Title: Re: insufficient depth ?
Post by: Empirical1.1 on September 07, 2014, 04:10:03 am
I was barely hanging on at the mumble hangout.
Sorry to hear Dan. Get some rest, feel better.

 +5%
Title: Re: insufficient depth ?
Post by: xeroc on September 07, 2014, 09:02:37 am
I was barely hanging on at the mumble hangout.
oh boy .. hope you get better quickly ..
being sick sucks

thanks for yet joining the hangout