Could someone give me some very clear instructions how to set up a bot for the USD:MAID market? All the price feeds seem to return CNY, which makes it complicated to set up a USD market.

Quote from: MarkoPaasila on March 15, 2017, 07:38:57 pm

Quote from: Permie on March 15, 2017, 07:04:44 pm

Quote from: mf-tzo on March 14, 2017, 09:40:37 pm

That is the spirit!! If everyone could follow your example bts would be worth x20 more than what it is..

Could someone explain what bitcrab has actually done?
How could I do it too?

For us noobies and newcomers

• Go to the exchange
• Choose the exchange tab
• Select bitUSD or bitCNY markets
• Pick any market pair
• Find the BORROW USD or BORROW CNY. Press it.
• Choose how much to borrow
• Slide slider to about 2.5
• Confirm
• Now you have locked in 2.5 times the amount you just borrowed, in BTS
• Buy something with the new bitUSD. This will put you into a leveraged long position on BTS+whatever you bought, and you have just short selled some USD

Thanks for the info! Good to have it laid out here on a public forum for future users to read

I'm struggling to find many "How to" videos to teach people why the BTS DEX (the product) is worth using and how one might use it to use it to trade profitably

So what you are describing means(?):
Example.
I hold 1000bts.
The current price is 231bts per 1 bitUSD.
1000bts/231bts = 4.32. Does this mean I can borrow $4.32bit?

Or, does one need to provide x2.5 collateral?
1000bts/2.5 = 400bts available to buy bit$. Meaning able to borrow (400/231)=$1.73bit?

Either way, can this borrowed bitUSD be spent buying more bts?

How much leverage does a bts shareholder achieve using this method?

With 10$ worth of BTS and 2.5x collateral, you can borrow 4$. Then you can sell that 4$ for 4$al worth of BTS, after which you have 1.4$. Thus Bitshares gives you 1.4 x leverage. (Ploniex gives you 2.5x initial, collateral at 40%. Lets collateral go down to 20%). On Bitshares the leverage is free - you dont pay any rent.

Quote from: mf-tzo on March 14, 2017, 09:40:37 pm

That is the spirit!! If everyone could follow your example bts would be worth x20 more than what it is..

Could someone explain what bitcrab has actually done?
How could I do it too?

For us noobies and newcomers

• Go to the exchange
• Choose the exchange tab
• Select bitUSD or bitCNY markets
• Pick any market pair
• Find the BORROW USD or BORROW CNY. Press it.
• Choose how much to borrow
• Slide slider to about 2.5
• Confirm
• Now you have locked in 2.5 times the amount you just borrowed, in BTS
• Buy something with the new bitUSD. This will put you into a leveraged long position on BTS+whatever you bought, and you have just short selled some USD

Why Bitshares? Because freedom matters, and Bitshares is probably the best technology for achieving financial freedom. It is the best combination of speed, security, flexibility, functionality and cost, that exists.

Why does it matter? Because no technology has "made it" yet, so we should choose the very best foundation to put our efforts on.

Why does it matter to me? Because the power of Bitshares amazes me more than any other competing tech. It seems so promising and liberating.

Autobridging would be very nice indeed.

In the mean time.  I've set up a bot with a similar function, that is at least watching a bunch of pairs on the DEX and will route them through various other pairs including many external exchanges 2 and 3 hops if there is a match.  It is nice that there is this connection but it would be much better if the orders were actually viewable on the book.  A bot could certainly place these orders themselves in a copy cat fashion but I havn't identified all the risk for this or how best to approach it myself.

At the moment I'm watching just over 400 different routes, 18 coins, on 6 exchanges including the DEX.

So the books may look empty but many of them are in fact being watched, and will take your order if it is good.

What are the advantages/disadvantages of having the DEX itself do this vs. a 3rd party replicating the function?

Can you do triangular arbitrage? https://en.wikipedia.org/wiki/Triangular_arbitrage

Bitshares is a lot of different, awesome things. I myself would market it being the next step in evolution - a combination of the best parts of paypal, visa and nasdaq - and of which you can own a part and benefit of it's success. I myself am very enthusiastic about the possibility to sit on the right side of the table - for once!

Good idea. What should the focus of the article(s) be?

I would like it to be written with the people in mind who have only heard about bitcoin (or maybe not), but never actually gotten interested enough to find out what all the noise is about, so it shouldn't be assumed that the reader understands any bitcoin jargon. Most people have the perception that bitcoin is just some fraud or anarchist/hipster thing, so mentioning bitcoin might as well be avoided. The group of people who understand bitcoin already have heard about bitshares, and we don't have a chance to make a first impression any more, but a potential audience could be people willing to own a part of the next big thing, and earning an unreasonable return on the investment. It would be awesome if we could wake their interest and use bitshares as a gateway into cryptocurrencies.

I'm trying to find some good article about the huge potential cryptocurrencies have explained in layman terms together with a story or few to make the point. Even better if it was specifically about bitshares  . You know what I mean; it's hard to get people grasp what a paradigm shift is coming, and that they can take advantage of it. If you just start a 2h monologue, you just put them off.

I tried to find a good article, but failed. Most of them are for people already inside the cryptosphere. Does anyone know of any?

If not, is there someone here capable of writing one? I could sell 100€ worth of my ETH and pay for one in BTS. I think it would be beneficial to have such an article as a tool to get people interested - and in bitshares first! An article that would make people believe that it's impossible for bitshares not to become massive and beat lots of current big names, because it's so frictionless and fast and what not. It should make people see the possibility of owning a share of the next Paypal and VISA.