BitShares Forum
Main => General Discussion => Topic started by: eagleeye on September 02, 2014, 07:22:00 pm
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We all need to become market makers? How?
Keep a $1 dollar short open on bitUSD. If you dont know how to do this, post screenshots of where you are having problems.
If everyone does it, it shows that there is an appearance of markets, for us to get market makers.
We will need them to develop software for the market maker companies or convince them there is a market there.
But this is a step by step process.
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you can all start becoming market makers by buying any undervalued bitusd you can find...
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We need people to put just $1 dollar or LESS Put just 5 cents up of bitUSD short and long.
If enough people do this and keep it up, its an illusion that will become real.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Update: the orders don't seem to be matching up. Shouldn't my ask satisfy the top short?
(http://i.imgur.com/tXLsDEf.png)
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)? The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level. Is it because they do not believe the peg will hold?
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)? The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level. Is it because they do not believe the peg will hold?
They believe BTSX will rise relative to bitUSD. bitUSD will continue to track $1 USD.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)? The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level. Is it because they do not believe the peg will hold?
Because they think BTSX will rise relative to USD.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
Or simply have a little box in the client that says "bitUSD is only 80 cents! buy buy buy!"
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.
So how does one know what the median price feed is in order to bid intelligently?
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
5% interest feature is to much it may not work that high, we must not fail! We only need 0.25% - 2%.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
Or simply have a little box in the client that says "bitUSD is only 80 cents! buy buy buy!"
Good idea, where should the box be on the page? Give us a screenshot of bitsharesx platform with what your looking at with where you think it should be.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
If its a lack of ability to buy shorts then why is the price so low? Also if there is no orders to buy bitUSD? Has someone moved the price down far enough by initiating many short orders with no fills and then filling them at a lower price that people have lost confidence.
+5% Maybe Winner Winner Chicken Dinner?
What do you guys think about what I said?
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I for one stopped buying/shorting in the market once it seemed like I was placing orders that were not filled and that either there was a bug or I didn't understand what prices I could enter and get filled.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.
So how does one know what the median price feed is in order to bid intelligently?
That's frustrating the hell out of me too. I've just been prodding with $1 orders to look and see if I match any shorts.
I think I read somewhere that the next version of the GUI will have things like the median feed.
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
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you can all start becoming market makers by buying any undervalued bitusd you can find...
My thinking is this: I don't want to convert my BTSX into BitUSD because I expect BTSX to go up in value.
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
+5%
-
median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
+5%
How do we know which orders are invalid?
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I for one stopped buying/shorting in the market once it seemed like I was placing orders that were not filled and that either there was a bug or I didn't understand what prices I could enter and get filled.
Sir GaltReport. Will you please post a screenshot here or message me on this forum with what you are looking at? You can ask me why I cant do this and I will tell you.
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the +5% interest feature implemented before anybody will want to hold BitUSD.
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.
So how does one know what the median price feed is in order to bid intelligently?
That's frustrating the hell out of me too. I've just been prodding with $1 orders to look and see if I match any shorts.
I think I read somewhere that the next version of the GUI will have things like the median feed.
Is there any expected timeframe for the next edition or will they do it as it gets closer or are they trying to keep us formless as they understand this is business or a war.
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you can all start becoming market makers by buying any undervalued bitusd you can find...
My thinking is this: I don't want to convert my BTSX into BitUSD because I expect BTSX to go up in value.
But you can trade and try to make more btsx. The price is going up and down so there is always a opportunity.
Use just a few Btsx and try to make more. Trading is good for the peg.
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I for one stopped buying/shorting in the market once it seemed like I was placing orders that were not filled and that either there was a bug or I didn't understand what prices I could enter and get filled.
Sir GaltReport. Will you please post a screenshot here or message me on this forum with what you are looking at? You can ask me why I cant do this and I will tell you.
PM sent.
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
the problem is the median here Gentso
http://bitsharesblocks.com/assets/asset?id=USD
at the moment the median is 0.0281 so with the new rules a short above is not executed to prefent the market to differ from the peg.
you have to look for the first ASK then you will see the only seller in the market
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
I am unable to download the GUI on this old computer. Will you please message me what you are looking at by sending me a screenshot.
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
true , but also true
1. volume is near zero
2. no new bitUSD are created - we still have 462k
3. so means no short are executed
i didn't see the point to peg the dollar, when no one can create new bitUSD
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
-
median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
true , but also true
1. volume is near zero
2. no new bitUSD are created - we still have 462k
3. so means no short are executed
i didn't see the point to peg the dollar, when no one can create new bitUSD
Why do you want to create more bitUSD? Creating bitUSD is the mechanism by which we establish the peg. If there is enough demand for bitUSD that the market needs more bitUSD, then more will be created. Right now the fact that the volume is near zero means that the market is happy with the current price.
Sent from my SCH-S720C using Tapatalk 2
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
looks the message is wrong, because it counts the highest short at 28. but the real ask at the moment is 33.8983.
median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
true , but also true
1. volume is near zero
2. no new bitUSD are created - we still have 462k
3. so means no short are executed
i didn't see the point to peg the dollar, when no one can create new bitUSD
Why do you want to create more bitUSD? Creating bitUSD is the mechanism by which we establish the peg. If there is enough demand for bitUSD that the market needs more bitUSD, then more will be created. Right now the fact that the volume is near zero means that the market is happy with the current price.
Sent from my SCH-S720C using Tapatalk 2
in my eyes wrong. we don't create more bitUSD because the short sellers can execute their orders, because of the median. noting to do with "the market is happy".
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
true , but also true
1. volume is near zero
2. no new bitUSD are created - we still have 462k
3. so means no short are executed
i didn't see the point to peg the dollar, when no one can create new bitUSD
Will you please message me so we can talk about your GUI problems, Shentist.
You are a valued member Shentist.
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
the problem is the median here Gentso
http://bitsharesblocks.com/assets/asset?id=USD
at the moment the median is 0.0281 so with the new rules a short above is not executed to prefent the market to differ from the peg.
you have to look for the first ASK then you will see the only seller in the market
I clicked you link but all the spaces are blank, is their a lack of feeds?
I am about to ask what is probably a complex question but if this is the result of the median why did we change the rules? Try to keep it as simple as possible I have just started to grasp the concept of shorting...lol.
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
That's right, but those particular shorts are trying to devalue bitUSD relative to USD, so they aren't allowed to execute. They are acting against the peg. Any short above about 0.027 (below about 36) is acting against the peg right now.
Sent from my SCH-S720C using Tapatalk 2
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
That's right, but those particular shorts are trying to devalue bitUSD relative to USD, so they aren't allowed to execute. They are acting against the peg. Any short above about 0.027 (below about 36) is acting against the peg right now.
Sent from my SCH-S720C using Tapatalk 2
I think I got it now. Maybe the gui can filter out shorts that can't execute. You should only be able to see what you can execute?
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
That's right, but those particular shorts are trying to devalue bitUSD relative to USD, so they aren't allowed to execute. They are acting against the peg. Any short above about 0.027 (below about 36) is acting against the peg right now.
Sent from my SCH-S720C using Tapatalk 2
I think I got it now. Maybe the gui can filter out shorts that can't execute. You should only be able to see what you can execute?
That's coming in the next release.
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Here is something BTSX HODLers need to understand. If the peg doesn't work your BTSX is worthless. So everyone has vested interest in providing liquidity to make the peg as close as possible. Simple as that.
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Here is something BTSX HODLers need to understand. If the peg doesn't work your BTSX is worthless. So everyone has vested interest in providing liquidity to make the peg as close as possible. Simple as that.
Thank you! +5%
Sent from my SCH-S720C using Tapatalk 2
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Update: the orders don't seem to be matching up. Shouldn't my ask satisfy the top short?
(http://i.imgur.com/tXLsDEf.png)
It depends on the bid/ask spread. The difference between what someone wants to buy, and what someone is willing to sell at.
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
That's right, but those particular shorts are trying to devalue bitUSD relative to USD, so they aren't allowed to execute. They are acting against the peg. Any short above about 0.027 (below about 36) is acting against the peg right now.
Sent from my SCH-S720C using Tapatalk 2
I think I got it now. Maybe the gui can filter out shorts that can't execute. You should only be able to see what you can execute?
No we want the GUI to have the shorts so if someone wants to go to that price, they can but they will not be filled and it will unaffect the price. It is like a ball on water, you try to push it under (some shorts get filled) but then it bounces back up because of the physics forces (the physic forces are the other side of the equation).
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Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)? The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level. Is it because they do not believe the peg will hold?
Because they think BTSX will rise relative to USD.
Ok so the market as to mature as bytemaster has said (I am be quoting wrongly and if so I am sorry.)
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I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?
That's right, but those particular shorts are trying to devalue bitUSD relative to USD, so they aren't allowed to execute. They are acting against the peg. Any short above about 0.027 (below about 36) is acting against the peg right now.
Sent from my SCH-S720C using Tapatalk 2
I think I got it now. Maybe the gui can filter out shorts that can't execute. You should only be able to see what you can execute?
No we want the GUI to have the shorts so if someone wants to go to that price, they can.
But if they can't execute what is the point? In case the price changes? You can allow them to be entered but not displayed if they can't be executed at the current price.
Or have a checkbox to alter the display.
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median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediately? it was to early to do this. hope bytemaster will reconsider.
+5% +5% +5%
PS now I see Agents "solution" in practice, it remembers me more and more a quote...
"It was a successfully surgery! But the patient died..."
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It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
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It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
Buy more! less than $4000 to go before we push through that stupid $9833 order... :)
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
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It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
Buy more! less than $4000 to go before we push through that stupid $9833 order... :)
Can orders like that be partially filled or is it all or nothing?
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It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
Buy more! less than $4000 to go before we push through that stupid $9833 order... :)
Can orders like that be partially filled or is it all or nothing?
Yeah, it's being partially filled. That is another GUI bug; the GUI doesn't tell you if an order is partially filled; it just displays the original order until it's gone.
I think there's a console command where you can see the partial completion of orders.
Sent from my SCH-S720C using Tapatalk 2
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
+5%
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
The Financial markets are the biggest casino in the world. Also having the feeds means if people are playing it (like in China where they only need to make $5 - $10 dollars a day) then delegates will make more money from transactions.
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
The Financial markets are the biggest casino in the world. Also having the feeds means if people are playing it (like in China where they only need to make $5 - $10 dollars a day) then delegates will make more money from transactions.
speaking of feeds, if you are a delegate, how do you keep your delegate wallet funded to publish price feeds if scanning of transactions is disabled? (sorry off topic)
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
The Financial markets are the biggest casino in the world. Also having the feeds means if people are playing it (like in China where they only need to make $5 - $10 dollars a day) then delegates will make more money from transactions.
speaking of feeds, if you are a delegate, how do you keep your delegate wallet funded to publish price feeds if scanning of transactions is disabled? (sorry off topic)
Message bytemaster or lets let someone else chime in.
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
This isn't going to create a robust financial system.
I prefer the price feed but you still need to stimulate BitAsset creation around the peg with delayed fees/interest.
A bitUSD currently simply isn't worth 1-1 (system risk + utility friction)it's like trying to sell a $10 umbrella for $20. You now have a queue of people waiting to see if anyone will be dumb enough to overpay for an umbrella. There won't be many customers, except maybe on a very rainy day.
It's like Argentina trying to define the exchange rate for the Peso to the dollar. When you try to force it that way you strangle the market and the free market simply moves to the black market where Peso & dollar holders find the true exchange level. (In our case it will ultimately be a competitor using interest/delayed fees to match buyers with sellers around the peg.)
Interest or delayed fees are required.
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speaking of feeds, if you are a delegate, how do you keep your delegate wallet funded to publish price feeds if scanning of transactions is disabled? (sorry off topic)
You get the fees from the block you are producing so it's not really a chargeable transaction yet. The transaction for updating a feed comes directly out of your pay balance though.
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Explain because +5% +5% Its possible this is a Winner Winner Chicken Dinner.
Sometimes layouts or designs or ideas behind the pegging have to be rolled back. I do not know I do not know exactly what you are getting out but I think it matters a lot.
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
This isn't going to create a robust financial system.
I prefer the price feed but you still need to stimulate BitAsset creation around the peg with delayed fees/interest.
A bitUSD currently simply isn't worth 1-1 (system risk + utility friction)it's like trying to sell a $10 umbrella for $20. You now have a queue of people waiting to see if anyone will be dumb enough to overpay for an umbrella. There won't be many customers, except maybe on a very rainy day.
It's like Argentina trying to define the exchange rate for the Peso to the dollar. When you try to force it that way you strangle the market and the free market simply moves to the black market where Peso & dollar holders find the true exchange level. (In our case it will ultimately be a competitor using interest/delayed fees to match buyers with sellers around the peg.)
Interest or delayed fees are required.
Interest for bitUSD only if its possible (which have we covered? I am not sure, sorry)
Delayed fees may not work with the delegates and I think it may be counterproductive.
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Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
Agree! It seems like peoples' best argument for getting rid of the price feeds is that it was more fun the other way. More fun? Really? If you want fun playing with money you should hit the local casino. Fun doesn't equate to robust financial system.
Sent from my SCH-S720C using Tapatalk 2
This isn't going to create a robust financial system.
I prefer the price feed but you still need to stimulate BitAsset creation around the peg with delayed fees/interest.
A bitUSD currently simply isn't worth 1-1 (system risk + utility friction)it's like trying to sell a $10 umbrella for $20. You now have a queue of people waiting to see if anyone will be dumb enough to overpay for an umbrella. There won't be many customers, except maybe on a very rainy day.
It's like Argentina trying to define the exchange rate for the Peso to the dollar. When you try to force it that way you strangle the market and the free market simply moves to the black market where Peso & dollar holders find the true exchange level. (In our case it will ultimately be a competitor using interest/delayed fees to match buyers with sellers around the peg.)
Interest or delayed fees are required.
Another way to look at is to think of BTSX as a virtual vault.
If the vault is very safe you may pay for the privilege of storing your assets there.
However if the vault is new and risky, with high fees they're going to have to pay you interest to attract your money, we're still at the risky stage now plus there's a 1/2% fee to exchange BitAssets to fiat.
The absolutely fantastic news is we have shorts more than willing to pay amazing interest to attract deposits into BitAssets!!!
The question is what is the best way to introduce interest into the system.
(Another analogy... The people storing BitAssets are the customers. BTSX holders are the virtual vault owners. BTSX holders get the reward of the virtual vaults success. All the BitAsset holders get is the riskiest place in the world to store value for the next 3-6 months. They need to be compensated for the risk.)
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
I said that all along... Government regulation kills the markets, but Bytemaster did not even respond... now we have this regulation-sh...t implemented and we see the results... no market whatsoever and everybody frustrated stopping putting orders. Please get rid of this regulation and let the market be free again... I hope that now not even more regulations will be passed, like force converting of some of the bitsharesx holdings to bitlongs and bitshorts... This would mean forcefully crashing the value of this endeavour... Just let the market participants freely trade and make arbitrage profits. PPPLLLLLEEEEEEEEEEAAASSEEEEEEEEEE!!!
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Here is something BTSX HODLers need to understand. If the peg doesn't work your BTSX is worthless. So everyone has vested interest in providing liquidity to make the peg as close as possible. Simple as that.
Please do not be so obsessed with an instant 1:1 peg. Market makers have to enter... and they will only enter if there is money to be made... for this the bitUSD:USD exchange rate has to be different at the beginning... you have to give this time...
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
I said that all along... Government regulation kills the markets, but Bytemaster did not even respond... now we have this regulation-sh...t implemented and we see the results... no market whatsoever and everybody frustrated stopping putting orders. Please get rid of this regulation and let the market be free again... I hope that now not even more regulations will be passed, like force converting of some of the bitsharesx holdings to bitlongs and bitshorts... This would mean forcefully crashing the value of this endeavour... Just let the market participants freely trade and make arbitrage profits. PPPLLLLLEEEEEEEEEEAAASSEEEEEEEEEE!!!
Sir okidoki , what are you referring to as government regulation? How has Bytemaster complied with the regulation and killed the market. Moreso it is probably a function of GUI development and coding backend, not government regulation.
Will you please next type use bold, or blue, red is hard on the eyes.
Great post though +5%
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their is money to be had if people short look in the 33-35 btsx/bitUSD range their a a few orders for a couple of g's.
I do agree though the market is dead now. Not sure if we need more incentive to make bitUSD have more value(interest?) or a better matching system. I think it's the matching system.
In the picture below the buy is willing to pay 31.55 btsx per bitUSD and the seller is only wanting 28.5715 btsx per bitUSD.......Someone tell me I am reading this wrong so I will feel better :'(
(http://i61.tinypic.com/ofn23a.png)
I said that all along... Government regulation kills the markets, but Bytemaster did not even respond... now we have this regulation-sh...t implemented and we see the results... no market whatsoever and everybody frustrated stopping putting orders. Please get rid of this regulation and let the market be free again... I hope that now not even more regulations will be passed, like force converting of some of the bitsharesx holdings to bitlongs and bitshorts... This would mean forcefully crashing the value of this endeavour... Just let the market participants freely trade and make arbitrage profits. PPPLLLLLEEEEEEEEEEAAASSEEEEEEEEEE!!!
Sir okidoki , what are you referring to as government regulation? How has Bytemaster complied with the regulation and killed the market. Moreso it is probably a function of GUI development and coding backend, not government regulation.
Will you please next type use bold, or blue, red is hard on the eyes.
Great post though +5%
In this case Bytemaster is playing the regulator/government, he and his team have established that the system does not clear orders at another free market price which the market wants to give it... He is forcing that only orders are cleared at a price established by the delegates. So he basically has eliminated arbitrage profits, effectively banning the market makers. I thought than in this cryptoworld we had free market people? It is absolutely fine for a market to trade the bitUSD at other prices below or above the 1:1. If you buy any other asset bitGLD, the market should treat a bitUSD as 1 USD. If the price differs they can earn money with the bitGLD position (if bitGLD rises)+ Arbitrage profits for the bitUSD, because the price of bitUSD is determined by the price of bitshares... if someone does ignore this they stand to loose money, and someone else to earn something.
If I cannot earn money buying bitUSD cheap <1 USD, 1 will not buy it. That simple. So that is why the volume has halted... But I think sooner or later bytemaster will understand it. Perhaps it takes 2 weeks of a dead market, but ultimately he will see that the market was a lot more vivid before he put regulations in place.
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I think your stuff is wrong.
The problem is there are consistently more shorts than longs.
So at 0.9 you weren't underpaying for a BitUSD you were paying the likely average price even 3 months from now.
Traders would not make it trade closer to the peg they would only tighten up that $0.85-0.95 trading range
Introducing the price feed that limits shorts (or a collateral system) does help the peg.
The problem is that there is very little demand @1-1 (I.e a dead market hence the need for interest.)
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I think your stuff is wrong.
The problem is there are consistently more shorts than longs.
So at 0.9 you weren't underpaying for a BitUSD you were paying the likely average price even 3 months from now.
Traders would not make it trade closer to the peg they would only tighten up that $0.85-0.95 trading range
Introducing the price feed that limits shorts (or a collateral system) does help the peg.
The problem is that there is very little demand @1-1 (I.e a dead market hence the need for interest.)
Sorry oasis... it does not work like this... I can make money if I buy at 0.85. Because doing the arbitrage costs money... especially in a still illiquid market. the more liquid it gets, the less it costs me, the less spread is needed, until it is exactly 1:1 in a superliquid market with small bid/ask spreads and low exchange commissions. But if you do not allow the market to start working you kill it like now.
The market worked just fine in the beginning... but by putting in these childish regulations now you do not have a market anymore, until you get rid of this government/regulation stuff... The good thing is that bytemaster, our governor, can simply get rid of this regulation stuff and make the market free again. If he does not do it, he will kill this project he worked so hard for.
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You want to short USD? Nobody is stopping you! Enter your short below the peg is now equivalent to entering a stop order. When the market rate hits your short price, you'll get your coveted short position.
Sent from my SCH-S720C using Tapatalk 2
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You want to short USD? Nobody is stopping you! Enter your short below the peg is now equivalent to entering a stop order. When the market rate hits your short price, you'll get your coveted short position.
Sent from my SCH-S720C using Tapatalk 2
What I see is there is no market rate if orders overlap like what I saw yesterday and today in the screenshots here... The market rate is not the 1:1 peg with prices provided by delegates, but for what people are trying to pay for it. By halting the market like now you do not help the project. WE NEED VOLUME! And you will not get it if you do not allow people to trade at the prices they are willing to pay.
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I dont believe he is doing it due to regulation. I think it may have just been a development error, this is trial and error remember. I would like to hear his opinion, ill message him, and can some people do the same or get him to answer please.
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I think your stuff is wrong.
The problem is there are consistently more shorts than longs.
So at 0.9 you weren't underpaying for a BitUSD you were paying the likely average price even 3 months from now.
Traders would not make it trade closer to the peg they would only tighten up that $0.85-0.95 trading range
Introducing the price feed that limits shorts (or a collateral system) does help the peg.
The problem is that there is very little demand @1-1 (I.e a dead market hence the need for interest.)
Does the Page on the platform say how much demand there is?
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I dont believe he is doing it due to regulation. I think it may have just been a development error, this is trial and error remember. I would like to hear his opinion, ill message him, and can some people do the same or get him to answer please.
He IS the regulator. No government forces him. He is the the governor of bitshares-x. Guys, please wake up and let us go back to free markets. PLEASE!
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I think your stuff is wrong.
The problem is there are consistently more shorts than longs.
So at 0.9 you weren't underpaying for a BitUSD you were paying the likely average price even 3 months from now.
Traders would not make it trade closer to the peg they would only tighten up that $0.85-0.95 trading range
Introducing the price feed that limits shorts (or a collateral system) does help the peg.
The problem is that there is very little demand @1-1 (I.e a dead market hence the need for interest.)
Sorry oasis... it does not work like this... I can make money if I buy at 0.85. Because doing the arbitrage costs money... especially in a still illiquid market. the more liquid it gets, the less it costs me, the less spread is needed, until it is exactly 1:1 in a superliquid market with small bid/ask spreads and low exchange commissions. But if you do not allow the market to start working you kill it like now.
The market worked just fine in the beginning... but by putting in these childish regulations now you do not have a market anymore, until you get rid of this government/regulation stuff... The good thing is that bytemaster, our governor, can simply get rid of this regulation stuff and make the market free again. If he does not do it, he will kill this project he worked so hard for.
Yes before you could make money buying @ 0.85 and selling at 0.95 even up to 1-1, so there were trading & arbitrage opportunities but because of the big orange wall on the right and the small green wall on the left, BitAssets will trade below the peg for a long time and if the peg isn't established then the system may not work.
In the new current system you can still make money by arbitrage, because it only limits shorting below the peg I think? But people can still buy and sell at different prices once BitUSD is created.
I agree that it creates a very small market now but I don't think old way was solution.
Solution is offering interest at 1-1 then many buyers, big market.
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The only problem is, that by halting the market bytemaster is making the shareprice go down... which is shitty for investors... I know that bytemaster is brilliant in many ways... I am simply disappointed that he thinks regulation helps to make the market move where he wants it to be...
I think your stuff is wrong.
The problem is there are consistently more shorts than longs.
So at 0.9 you weren't underpaying for a BitUSD you were paying the likely average price even 3 months from now.
Traders would not make it trade closer to the peg they would only tighten up that $0.85-0.95 trading range
Introducing the price feed that limits shorts (or a collateral system) does help the peg.
The problem is that there is very little demand @1-1 (I.e a dead market hence the need for interest.)
Sorry oasis... it does not work like this... I can make money if I buy at 0.85. Because doing the arbitrage costs money... especially in a still illiquid market. the more liquid it gets, the less it costs me, the less spread is needed, until it is exactly 1:1 in a superliquid market with small bid/ask spreads and low exchange commissions. But if you do not allow the market to start working you kill it like now.
The market worked just fine in the beginning... but by putting in these childish regulations now you do not have a market anymore, until you get rid of this government/regulation stuff... The good thing is that bytemaster, our governor, can simply get rid of this regulation stuff and make the market free again. If he does not do it, he will kill this project he worked so hard for.
Yes before you could make money buying @ 0.85 and selling at 0.95 even up to 1-1, so there were trading & arbitrage opportunities but because of the big orange wall on the right and the small green wall on the left, BitAssets will trade below the peg for a long time and if the peg isn't established then the system may not work.
In the new current system you can still make money by arbitrage, because it only limits shorting below the peg I think? But people can still buy and sell at different prices once BitUSD is created.
I agree that it creates a very small market now but I don't think old way was solution.
Solution is offering interest at 1-1 then many buyers, big market.
This is not arbitrage, this is speculation. By arbitrage I mean to buy bitUSD and immediately buy bitshares-x for these bitUSD on an exchange. Ending up with more bitshares-x instantly. That is why I am a proponent of BTSX:bitUSD market on Bter.com in order to make this process more efficient and let arbitrage costs come down. Liquidity will only come to these markets if you can earn money... with a 1:1 peg, no arbitrage is possible only speculation, where you buy today and hope that in a week the price goes up to sell it again. In arbitrage you do it in 5 minutes across several pairs at the moment, which costs money and gives you bad prices because of missing liquidity in between, so that is why there is/was a gap. As these costs are not accounted for at the moment there is no market at the moment, until bytemaster changes his mind.
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Yes sorry, I'm new to trading, thanks for explanation, I used arbitrage wrong.
It doesn't help establish peg though. If there are 10x more people that want to short than want to own BitAssets then it will trade below the peg.
Edit: Unless you do what they do now. Even better if they introduce interest to attract demand for owning BitAssets
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Yes sorry, I'm new to trading, thanks for explanation, I used arbitrage wrong.
It doesn't help establish peg though. If there are 10x more people that want to short than want to own BitAssets then it will trade below the peg.
Edit: Unless you do what they do now. Even better if they introduce interest to attract demand for owning BitAssets
No problem, this is why THIS inefficient market trades below the peg, if it was the other way round it would trade above. But please guys... do not kill this project by banning the market, like you are doing now. It is soooo unnecessary. This project proved to work last week. I was really excited! Now I can only pray that bytemaster wakes up. If everybody shows him that he is wrong by governing the market, than I have hope he strips this shit regulation out of the code again and makes us all multi-millionaires.
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Now I can only pray that bytemaster wakes up. If everybody shows him that he is wrong by governing the market, than I have hope he strips this shit regulation out of the code again and makes us all multi-millionaires.
I raised this issue in a thread that I started. Bytemaster's response was that if you allow shorters to short below the median price, they could eventually short BitUSD to zero, creating a theoretically infinite amount of BitUSD. This would be disastrous for BTSX. He does have a valid reason for putting in these restrictions.
I agree that we should make the gui filter out invalid shorts, and then we should see if that encourages people to make higher BitUSD bids when they dont see any overlap in the Bid/Ask wall.
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I agree that we should make the gui filter out invalid shorts, and then we should see if that encourages people to make higher BitUSD bids when they dont see any overlap in the Bid/Ask wall.
This! Because the market has zero usability for the newcomers! Only insiders figure out how they can trade right now!
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Check out 0.4.11-RC1. It does exactly this. Margins are in the margin table where they belong and the bid/ask tables are tradeable.
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Check out 0.4.11-RC1. It does exactly this. Margins are in the margin table where they belong and the bid/ask tables are tradeable.
Compiling...
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Check out 0.4.11-RC1. It does exactly this. Margins are in the margin table where they belong and the bid/ask tables are tradeable.
Compiling...
Also something I didn't notice before...if you cancel an order that hasn't seen any action you get your transaction fee back.
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Check out 0.4.11-RC1. It does exactly this. Margins are in the margin table where they belong and the bid/ask tables are tradeable.
Im running 0.4.11-RC1 now, Im not seeing the gui changes that I was hoping for :-\
Still dont see a median indicator to indicate where Bids should be placed, and I still see the Bid/Ask overlap.
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
get_info shows: "client_version": "0.4.11", yet I dont see the median at the top of the market screen. Ill try doing a clean rebuild just to be sure.
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Here is what I see:
Just notice bid and ask have the same depth. Something easy for them to fix for RC2 :).
(http://i.imgur.com/nznGBXk.png)
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
get_info shows: "client_version": "0.4.11", yet I dont see the median at the top of the market screen. Ill try doing a clean rebuild just to be sure.
I can confirm on 0.4.11-RC1 downloaded from https://github.com/dacsunlimited/bitsharesx/releases I have no median price at the top, and overlapping but unmatched orders are still unfiltered in the bid and ask boxes.
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That's my ASK at the top. It's slowly getting chipped away by the bid. Not sure why it's not matching all at once since it clearly has the depth to fill my order. Anyway, it is matching and I don't see any shorts in the bid table.
(http://i.imgur.com/gNlZWOO.png)
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BIDS (* Short Order) | ASKS
TOTAL QUANTITY PRICE | PRICE QUANTITY TOTAL COLLATERAL
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
999.0943 USD 32,070.92703 BTSX 0.031152647975 USD | 0.031153000000 USD 3,427.49502 BTSX 106.7767 USD
The reason it isn't matching is a rounding issue. The GUI displays them with a truncated precision, the CLI shows what is really going on.
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
get_info shows: "client_version": "0.4.11", yet I dont see the median at the top of the market screen. Ill try doing a clean rebuild just to be sure.
I can confirm on 0.4.11-RC1 downloaded from https://github.com/dacsunlimited/bitsharesx/releases I have no median price at the top, and overlapping but unmatched orders are still unfiltered in the bid and ask boxes.
Same thing here. Looks identical to 0.4.10. Are you on windows? I just used the *.exe from the URL you posted.
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Here is what I see:
Just notice bid and ask have the same depth. Something easy for them to fix for RC2 :).
(http://i.imgur.com/nznGBXk.png)
We can fix that with a soft-update of the GUI without having to do a new release :)
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
get_info shows: "client_version": "0.4.11", yet I dont see the median at the top of the market screen. Ill try doing a clean rebuild just to be sure.
I can confirm on 0.4.11-RC1 downloaded from https://github.com/dacsunlimited/bitsharesx/releases I have no median price at the top, and overlapping but unmatched orders are still unfiltered in the bid and ask boxes.
Same thing here. Looks identical to 0.4.10. Are you on windows? I just used the *.exe from the URL you posted.
I bet DAC Sun forgot to update the web gui before they built it on Windows. The Mac GUI is right for 4.11.
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Are you sure you're on 0.4.11-RC1? What does get_info say on the console?
On the market screen you should see four boxes across the top: Median Price, 1hr Average, Your Balance, and something else I forget (on my work VPN so can't log into the client right now).
If you don't see Median price on the top you're not on RC1.
get_info shows: "client_version": "0.4.11", yet I dont see the median at the top of the market screen. Ill try doing a clean rebuild just to be sure.
I can confirm on 0.4.11-RC1 downloaded from https://github.com/dacsunlimited/bitsharesx/releases I have no median price at the top, and overlapping but unmatched orders are still unfiltered in the bid and ask boxes.
Same thing here. Looks identical to 0.4.10. Are you on windows? I just used the *.exe from the URL you posted.
I bet DAC Sun forgot to update the web gui before they built it on Windows. The Mac GUI is right for 4.11.
I figured that must be it since other people were fine.
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Update: A cut/paste of the bid price from the CLI caused it to match instantly :).
BIDS (* Short Order) | ASKS
TOTAL QUANTITY PRICE | PRICE QUANTITY TOTAL COLLATERAL
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
999.0943 USD 32,070.92703 BTSX 0.031152647975 USD | 0.031153000000 USD 3,427.49502 BTSX 106.7767 USD
The reason it isn't matching is a rounding issue. The GUI displays them with a truncated precision, the CLI shows what is really going on.
Thanks! I'll bump my ASK a soupcon. Next time I'll check the CLI. Interesting thing though is I didn't type the ask price; I clicked the link under the order input fields.
The client is really starting to come together! +5%
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I bet DAC Sun forgot to update the web gui before they built it on Windows. The Mac GUI is right for 4.11.
I am on Linux and I dont see anything different in the gui, after a fresh clean rebuild.
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We can fix that with a soft-update of the GUI without having to do a new release :)
soft-update without have to do a new release sounds great :)
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Cut/Paste from my GUI:
About
Client version 0.4.11
bitshares_toolkit_revision 07af40ee7c210fb4597e8717ddbbfd4f3df49c18
bitshares_toolkit_revision_age 16 hours ago
compile_date compiled on Sep 2 2014 at 18:53:02
fc_revision a0b3a9a92d28ec0b3a08b45b8c1449737f56dd34
fc_revision_age 19 hours ago
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Here is what I see:
Just notice bid and ask have the same depth. Something easy for them to fix for RC2 :).
(http://i.imgur.com/nznGBXk.png)
We can fix that with a soft-update of the GUI without having to do a new release :)
And while we are at it - could we prevent the chart's vertical axis from starting at 0?
It's a small fix (hopefully) but it would make the GUI much more readable.
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Charting is being completely reworked.