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Random Discussion / Re: [ann] [sss] Ark - A Different Dao Is Coming! (built On Ethereum)
« on: October 17, 2017, 07:11:45 pm »
So today ARK does 25% of the daily volume of Bitshares, but yet ARK has double the market cap. Go figure.
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Does anyone have a basic way to get started and actually profit? I have watched both the video JohnnyBitcoin did and read the article and they only explain how to get BTSBOTS working.
What are some basic trading strategies one should know for setting the settings?
Because the Bitshares fees are so small, assuming mean reversion, almost any reasonably tight spread should be profitable, in the long run. You might like to keep your minimum order sizes in the $20+ range, because orders walk on this bot, given the anaemic trading volume.
For example, a trader is bullish on BTC, what would be the settings you would set? 2% on buy side and 1% on sell side?
That's one option, another method would be to trade with borrowed bitUSD debt, against accumulated equity in bitBTC tokens. Set a limit on the bot settings, for all currencies, so that your bot can gap when bitcoin moons.
What if you just want to create liquidity? would set buy and sell to 1%in a larger more liquid market like CNY, USD, ETH, BTS?
A helpful contribution, to the success of Bitshares and its value in turn. Nothing wrong with going sub 1% on something like USD:EUR
What if you are bearish on a certain coin?
Borrow a modest amount of it (bitJPY), and sell it for something you're bullish about.
What if you just want to accumulate and make a small profit?
It's a question of having perfect information vs assuming mean reversion
I have trading for couple days now and seem to be losing money so far
Ah, but are you losing money 'according to your model'
Any news here?
With improved DEX you would think there would be so more intrest in tje bot.
Indeed.
Volumes are still up. Are people using other bots now besides BTS Bots? I'd like to know the best options to add Dex liquidity now.
Monero is goging to pop. Anyway to short that sucker?