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stop market then bts die.
Quote from: merlin0113 on January 14, 2015, 09:04:13 amQuote from: BTSdac on January 14, 2015, 08:49:35 amI don`t know the detail regular of BID and ask. but I `d to say some as macroscopic view . we cannot protect short so much. short should have risk. this risk restrict people short too many BTA . so it can limit the total supply of BTA . if bitusd is over supply,I think the price cannot peg.I agree with you. But the problem is I can't buy enough bitUSD or bitCNY to cover my short order in wallet market, I even tried to short some bitUSD, but it is automatically filled by other people which is my mistake not awaring of the existed BTS sell order though. But I really don't know what to do if I had awared. Thanks alt, he helped me to add collateral. But when 30 days deadline reached and there is still no bitUSD at then price I will let it expire I guess.What will happen when this expire thing happens if there is no enough BTS buy/short order then? thanks everyone for a clarification on this question.It will put in a BTS buy order, at the feed price
Quote from: BTSdac on January 14, 2015, 08:49:35 amI don`t know the detail regular of BID and ask. but I `d to say some as macroscopic view . we cannot protect short so much. short should have risk. this risk restrict people short too many BTA . so it can limit the total supply of BTA . if bitusd is over supply,I think the price cannot peg.I agree with you. But the problem is I can't buy enough bitUSD or bitCNY to cover my short order in wallet market, I even tried to short some bitUSD, but it is automatically filled by other people which is my mistake not awaring of the existed BTS sell order though. But I really don't know what to do if I had awared. Thanks alt, he helped me to add collateral. But when 30 days deadline reached and there is still no bitUSD at then price I will let it expire I guess.What will happen when this expire thing happens if there is no enough BTS buy/short order then? thanks everyone for a clarification on this question.
I don`t know the detail regular of BID and ask. but I `d to say some as macroscopic view . we cannot protect short so much. short should have risk. this risk restrict people short too many BTA . so it can limit the total supply of BTA . if bitusd is over supply,I think the price cannot peg.
Quote from: alt on January 14, 2015, 08:10:22 ammany people ask me to buy BITUSD or BITCNY to cover,because there is not enough bitusd and bitcny at market now. what ever price.this is not fair to the short.so I suggest to stop market engine emergency, any thought?I think the market is working as intended.It sucks for people who shorted and may have their margin called, but that is the deal they went into knowing this could be a possibility.Also, if you want to avoid the margin call penalty, it is possible to just short to yourself at this new low price to cover your old short. You may likely need to buy more BTS to have enough collateral to do this though. And of course it means realizing the losses on your old shorts, as well as increasing your exposure to BTS (which could potentially fall even further). It's your choice whether that is better than just paying the penalty.Other options include adding more collateral to keep the margin call price further away or even partial covering.
many people ask me to buy BITUSD or BITCNY to cover,because there is not enough bitusd and bitcny at market now. what ever price.this is not fair to the short.so I suggest to stop market engine emergency, any thought?
yes, first he want to short to himself,but when he short, someone else buy his USD.so he have to add collateral, and he can't do this from qt wallet, finally he have to ask me for help.I feel the long and short is not balance
You mean not enough people want to buy BitUSD right now? I wouldn't halt the market. If it can't stay operational in a situation like this how can we ever sell it in the future.
would the expiration cover buy up bitUSD above the feed?would the force cover?
If the price is 0.01USD/BTS, and if there is no USD at market,I think it's OK to allow shorter to cover the order at price 0.009, this is the last way.