BitShares Forum

Main => General Discussion => Topic started by: bernard on November 20, 2014, 01:13:19 pm

Title: Biggest problem is no BitUSD buyers
Post by: bernard on November 20, 2014, 01:13:19 pm
It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.
Title: Re: Biggest problem is no BitUSD buyers
Post by: bytemaster on November 20, 2014, 01:19:13 pm
We are working that issue from multiple directions.

1. Make it easier to buy sell relative to the feed. 
2.  Forced covering after 30 days.
3. Merchant integration.

You can sell bit usd at good prices if you are patient.    Liquidity will improve. 
Title: Re: Biggest problem is no BitUSD buyers
Post by: mf-tzo on November 21, 2014, 01:25:35 am
the minute n0 3 is solved then bitcoin will be replaced from BTS...
Title: Re: Biggest problem is no BitUSD buyers
Post by: busygin on November 21, 2014, 01:44:44 am
bitUSD 24h volume is about $35K at the moment. More than, for example, XCP (Counterparty) volume as reported by coinmarketcap. Of course, we all want much more, but I wouldn't call it "the lack of demand".

It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.
Title: Re: Biggest problem is no BitUSD buyers
Post by: betax on November 21, 2014, 06:28:06 am
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
Title: Re: Biggest problem is no BitUSD buyers
Post by: xeroc on November 21, 2014, 09:44:41 am
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement
Title: Re: Biggest problem is no BitUSD buyers
Post by: bytemaster on November 21, 2014, 10:06:55 am
Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement

No requirements.
Title: Re: Biggest problem is no BitUSD buyers
Post by: xeroc on November 21, 2014, 10:13:27 am
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)
Title: Re: Biggest problem is no BitUSD buyers
Post by: Ander on November 22, 2014, 12:03:12 am
No requirements.
sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

That should be possible once both bitUSD and bitGLD become liquid! :)