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Quote from: islandking on January 14, 2015, 09:25:06 pmQuote from: clayop on January 14, 2015, 09:24:25 pmQuote from: islandking on January 14, 2015, 09:23:03 pmCan you buy bitUSD at the feed price from the short wall?We now have about $15k short (without price limit). Yes we can.How do you do that in the wallet? Buy bitUSD from the shorts at feed price....Due to the buggy wallet, you cannot see price limit on shorts. Please refer http://www.bitsharesblocks.com/assets/asset?id=USD We have 5,506 and 9,235 shorts without price limit.So just buy bitUSD at feed price. That's it.
Quote from: clayop on January 14, 2015, 09:24:25 pmQuote from: islandking on January 14, 2015, 09:23:03 pmCan you buy bitUSD at the feed price from the short wall?We now have about $15k short (without price limit). Yes we can.How do you do that in the wallet? Buy bitUSD from the shorts at feed price....
Quote from: islandking on January 14, 2015, 09:23:03 pmCan you buy bitUSD at the feed price from the short wall?We now have about $15k short (without price limit). Yes we can.
Can you buy bitUSD at the feed price from the short wall?
Quote from: fluxer555 on January 14, 2015, 09:20:31 pmI may be wrong, but isn't this thread talking about a lack of BitUSD BUYERS?You have it backwards, concern was that nobody would be willing to sell/short. This morning was the first time buy wall was higher than short wall.
I may be wrong, but isn't this thread talking about a lack of BitUSD BUYERS?
Quote from: fluxer555 on January 14, 2015, 09:13:32 pmI don't see what you're seeing, bytemaster.In the BitUSD market? 5M BTS short wall?
I don't see what you're seeing, bytemaster.
Quote from: islandking on January 14, 2015, 05:33:28 pmQuote from: Chronos on January 14, 2015, 05:28:25 pmCan shorting users buy BitUSD on BTER, and then close their positions inside their own wallet by combining this BitUSD with their BitUSD shorts?You should be able to withdraw the bitUSD to your wallet from BTER.And then close the short? Does the availability of BitUSD on BTER solve the problem in this thread? I guess I'm missing something.
Quote from: Chronos on January 14, 2015, 05:28:25 pmCan shorting users buy BitUSD on BTER, and then close their positions inside their own wallet by combining this BitUSD with their BitUSD shorts?You should be able to withdraw the bitUSD to your wallet from BTER.
Can shorting users buy BitUSD on BTER, and then close their positions inside their own wallet by combining this BitUSD with their BitUSD shorts?
Quote from: merlin0113 on January 14, 2015, 02:27:26 pmQuote from: biophil on January 14, 2015, 02:23:36 pmalt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.I'm aware of here. But it's not enough. My cover order is due in 7 days, I'm worried if no one shorting situation lasts. And I think I'm not alone so to speak.Why don't you place a good size buy order for bitUSD a bit above parity here: https://bter.com/trade/bitusd_usd ($1.02/bitUSD?)Then make an announcement; I suspect you will find takers for the amount you need.I haven't formed a super strong opinion about the perfect system parameters, because it's not my decision how things get implemented. But, I think you are generally lucky that you are protected as a short by the price feed. I have thought 30day forced covering seems short, and maybe the 5% margin call penalty is not so nice. But in my opinion you are lucky that you are not forced to buy above the feed; I think this is too generous to shorts and not good for the system.
Quote from: biophil on January 14, 2015, 02:23:36 pmalt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.I'm aware of here. But it's not enough. My cover order is due in 7 days, I'm worried if no one shorting situation lasts. And I think I'm not alone so to speak.
alt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.
Quote from: Graffenwalder on January 14, 2015, 03:13:15 pmQuote from: Empirical1.1 on January 14, 2015, 03:02:23 pmI wouldn't interrupt the market at all but the 30 day requirement is maybe too quick, 90 days might be better.Although 90 day shorts would be great, for the shorters. This is a very temporary problem.I think then there will be another thread in the not to distant future, screaming shame there are not enough BitUSD buy orders.This. When BTS(X) first launched, people were distraught because nobody was buying BitUSD. Why they didn't see this coming, I'll never know. When the system is young, times like this will be routine. Why would you expect there to be BitUSD buyers when BTS is pumping? Why would you expect there to be BitUSD sellers when BTS is tanking? These are the hurdles we have to accept with a free-market system like this.
Quote from: Empirical1.1 on January 14, 2015, 03:02:23 pmI wouldn't interrupt the market at all but the 30 day requirement is maybe too quick, 90 days might be better.Although 90 day shorts would be great, for the shorters. This is a very temporary problem.I think then there will be another thread in the not to distant future, screaming shame there are not enough BitUSD buy orders.
I wouldn't interrupt the market at all but the 30 day requirement is maybe too quick, 90 days might be better.
Quote from: biophil on January 14, 2015, 03:19:31 pmQuote from: merlin0113 on January 14, 2015, 02:27:26 pmQuote from: biophil on January 14, 2015, 02:23:36 pmalt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.I'm aware of here. But it's not enough. My cover order is due in 7 days, I'm worried if no one shorting situation lasts. And I think I'm not alone so to speak.I'm not sure how much you need, but the way the market-maker bots on that trading pair are configured, they only place so much on orders at any one time. If you buy up the orders you see now, more will appear after a while. Just so you know.thanks, you are so kind
Quote from: merlin0113 on January 14, 2015, 02:27:26 pmQuote from: biophil on January 14, 2015, 02:23:36 pmalt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.I'm aware of here. But it's not enough. My cover order is due in 7 days, I'm worried if no one shorting situation lasts. And I think I'm not alone so to speak.I'm not sure how much you need, but the way the market-maker bots on that trading pair are configured, they only place so much on orders at any one time. If you buy up the orders you see now, more will appear after a while. Just so you know.
I don't understand the problem, I see there's like $10k worth of BitUSD selling at feed price, why are people saying they can't buy BitUSD?
Quote from: cgafeng on January 14, 2015, 01:31:59 pmjust let the market do what it do best.There always risk when you short and everybody should know that and take the risk before short.I know you are rightso the result is fewer and fewer people want to short, and where is the way for BITUSD?
just let the market do what it do best.There always risk when you short and everybody should know that and take the risk before short.
I think it's risky to have the primary BTS market on an external exchange. People are buying BTS on btc38 but not on the bitshares exchange itself, this can cause all sorts of weird issues.When we're past this crash we should really do everything we can to move all BTS liquidity to the internal market, and use centralized exchanges as on/off ramps only.
Quote from: liondani on January 14, 2015, 02:01:16 pmQuote from: xeroc on January 14, 2015, 01:29:48 pmSo why is no one shorting? No one bullish any longer?i shorted bitEUR For a nice 0% interest i would guess
Quote from: xeroc on January 14, 2015, 01:29:48 pmSo why is no one shorting? No one bullish any longer?i shorted bitEUR
So why is no one shorting? No one bullish any longer?
you want more and more people to hold BITCNY and BITUSD to shopping, and you don't care about how the shot position can cover his order,do you really think this can work good?I am afraid fewer and fewer people will short after this time.we can run market engine continue, but I really think this is a problem and we should have a plane to fix it
If a delegate stop publishing feed prices for stopping his own losses, the necessary response of the blockchain has to be to kick him out. This conflict of interest is quite frightening for the stability of the whole system...
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.