BitShares Forum

Main => General Discussion => Topic started by: mf-tzo on March 16, 2015, 10:12:51 pm

Title: Price explanation
Post by: mf-tzo on March 16, 2015, 10:12:51 pm

I see in the Bitusd:BTS market in the Gui the price close @ 200 and then again back to normal levels. What triggered this? What happened?

Title: Re: Price explanation
Post by: pc on March 16, 2015, 10:18:31 pm

https://github.com/BitShares/bitshares/issues/1277#issuecomment-79893500

Also see this thread: https://bitsharestalk.org/index.php?topic=14942.msg193456#msg193456

Title: Re: Price explanation
Post by: mf-tzo on March 17, 2015, 09:06:55 am

I have read that but I can't say I fully understand what happened. The language used sometimes confuses me..

All I need to know at this point is if this kind of thing will drive BTS price all the way down or this is something that will get shorted somehow.

Title: Re: Price explanation
Post by: svk on March 17, 2015, 09:56:01 am

Quote from: mf-tzo on March 16, 2015, 10:12:51 pm

I see in the Bitusd:BTS market in the Gui the price close @ 200 and then again back to normal levels. What triggered this? What happened?

Are you looking at the price history chart? If so it's bugged and you can ignore the extremely high or low values on open and close..

Title: Re: Price explanation
Post by: pc on March 17, 2015, 10:34:39 am

The important thing here is that an ask will match the short with the highest interest rate even if there are other shorts or bids with a better price.

The trades in question had a volume of 1-2 BTS and do not represent the market value of either BTS or BitUSD.

Title: Re: Price explanation
Post by: mf-tzo on March 17, 2015, 01:37:01 pm

Good to know. Thank you all for your explanations!