Welcome aboard Amanda !

I think you'll find a lot of answers at www.bitshares.org, it's a good start.

Any question you have, shoot !

Since CyclonMaker explained to me how simple it was, I'm short on BitUSD.

Here is the topic with the explanation : https://bitsharestalk.org/index.php/topic,17407.0.html

Same reasons as CyclonMaker and agree with him. We have to short to create liquididy and improve our product.
That will attract more people in, the price will go up and we'll win more with our increased exposure. It's a win win !

Quote from: EstefanTT on July 07, 2015, 02:26:02 pm

Or maybe your amusement is more important than what is being acheived here ? Is it ?

Try this for less daily frustration : Correlate Newmine's post with the price chart, notice trend, start profiting, stop complaining.

Or just continue doing what 99.5% do and react emotionally. Personally, I'd rather profit and Newmine is the best tool I've found.

It's happen to me a couple of time that when I speak about BitShares around, some friends (after a fews days of research) show me Newmine posts on Bitcoin.talk or here. They tell me that this "crypto" project doesn't seem to go very well. So I have to explain and reassure.

It wasn't too much of an emotional reaction but a try ( probably in vain) to make the guy understand that it's not very funny to consume the time of other with non constuctive criticism. I would love if he could start digging a little more, understand better what he is talking about before start screaming "scam", "centralisation", ... "alien abduction".


Anyway, I like your idea to "Correlate Newmine's post with the price chart, notice trend and start profiting"

I'll do that from now on;)

Thanks a lot CyclonMaker

One last thing. Is it normal ?



It should sell my BitUSD no ? The price is below the wall price

Quote from: Erlich Bachman on July 06, 2015, 04:41:11 pm

Shorting is simple.

If the buy wall is at 154 and the sell wall is at 156

Place a buy order for 500 BitUSD at 155 (don't hit confirm)

Place a short order for 500 BitUSD at 155 (don't hit confirm)

Now hit confirm on both orders and wait for them to fill each other

sell your BitUSD and you are now short.

Do this every 30 days to roll your position over.

Because so many people got burned on the 30 day rule expiring on them, they are gun shy.  But when the 2.0 launches, then everybody will be doing it, because it will be easier, so by then it will be too late to short at these prices.

i do this regularly and roll over shorts every couple weeks.

the voting buttons up top on this thread should include an option for 'Actively shorting bitUSD' so we could get a feel for what % of us are active in the market providing liquidity. i am and will keep shorting bc i am convinced BTS will rally hard at some point.

I just tried it. I create a buy order and a short order slightly above the wall, hit confirm at the same time.

After that, I sold the BitUSD at the wall price. Doing that I'm short but I loose a something like 0.5% on the moment, right ?

Et voilà, I'm short.

I didn't tried the roll over yet but if I understand it well, I will be doing the same but instead of selling the BitUSD I will use them to cover my old shorts (ex : 3.5 weeks old).

If I'm short with the maximum bts I can (keeping enought to rolll over), then I will be able to roll over and over and over but I won't be able to cover and have my bts untill we start having some serious liquidity, right ?

Anyone knows what will happen with shorts during the transistion to 2.0 ?

Welcome aboard theredpill !!!

"Expect the better prepare for worst" ... that's the spirit !

I think he prooved his value and integrity to this community. He want to be delegate and do more ? Let's give him a shot instead of discarting him on supositions.

Vote Kencode 

I don't know him very much but it always seems to me like he was doing a lot without having the proper response from the community. So I did this post to express that impression.

I like the way you think Permie !!! Let's make this post a bit more productive !

He's highly motivated to have the delegate position and surely open to any suggecstions from you guys. Afterall, you are the ones who detain the voting power.

What do you think he could do the deserve your vote ??

I will start as an example but he already have my vote : I like the job he has done translating in several languages the Max W. videos, flyers, triflod, ... there is a lot of people out there who will never know anything about BitShares because they are not use to read in english (even less able to understand blockchain high tech projects in another language). So, as a delegate I would like if he could continue to diffuse the important infomation in the more widely spoken languages.