according to bsip42, bitCNY is now very cheap than CNY. (price in DEX is 0.363CNY/BTS much higer than CEX which is 0.353)
you should decrease the feed price, why no action at all?
you know nothing about trade, and you even known nothing about bsip42, just stupid like an idiot.
bitCNY now has a less than 1% discount.
if there's no BSIP42, what happened in last 2 days will make bitCNY a more than 5% premium. we have experienced that in the past.
you can argue, but please stop shouting like a crazy dog.
You are aware that the possibility the price keeps moving down is bigger than it will go up from here?
With your stupid BSIP42 the few buy support people added to avoid a global settlement will be eaten from other trader leaving their collateral before a global settlement instead of the margins itself to lower the global settlement price on bitcny.
Right now you are just watching and doing nothing else than praying which is no solution at all.
Your OMO funds are being margin called already.You activly lost millions of BTS from the comitee accounts and i bet spring fund is also not doing well expecially on a global settlement event.
When the price dropped from 0.62 to 0.44 bitcny the CR was in tact.
You have been warned mutiple times also from me that once there will be a bigger down trend you will cause an unatural big margin wall which will lead to a global settlement because people will stop eating margins and will close their own margin.
If you look closely you can see a big group of investors myself included who sold all their margin and not being activ because of BSIP42.
Would these people still have trust and the margin sold as it should be there wouldn't such a big margin wall exist which would make that other investors would instantly take their part instead of waiting because the margin wall seems unbreakable currently.
You said to me i'm yelling like a crazy dog.It was me predicting that the OMO fund will be margin called where you said its impossible.
It was me who said you will create a hughe margin wall in a bigger downtrend which will lead to a quick global settlement which you denied claiming there is enough liquidity for it.
And still you call other people crazy dog.
Your BSIP42 is a total failure causing only high risk of a global settlement in a downtrend with the possibility to lose all savings from a lot of people who didn't give you the authority to play with their investment like monopoly money.Its shocking to me how you treat other peoples savings for which majority had to work hard.
Even some bitshares admins lost faith in bitshares because of bsip42 and closed instantly all their margins.I think this says everything.
A network which has no trust of its community will never succeed