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Main => General Discussion => Topic started by: monsterer on April 17, 2015, 09:00:27 am

Title: USD inverse market pegged asset
Post by: monsterer on April 17, 2015, 09:00:27 am
Are there any legitimate uses for an inverse USD pegged asset? Buying bitUSDINV would be like shorting bitUSD.
Title: Re: USD inverse market pegged asset
Post by: xeroc on April 17, 2015, 09:26:50 am
.. to be long on a short position? To be able to sell your short position to someone else? I am not into financial alot .. but just don't get the reasoning behind construct like those .. could you elaborate a little?
Title: Re: USD inverse market pegged asset
Post by: Markus on April 17, 2015, 01:13:07 pm
Inverse to what? To one? How much is a one worth?
Title: Re: USD inverse market pegged asset
Post by: Chronos on April 17, 2015, 03:50:03 pm
My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS.  :P
Title: Re: USD inverse market pegged asset
Post by: xeroc on April 17, 2015, 04:03:45 pm
Quote from: Chronos on April 17, 2015, 03:50:03 pm
My mind exploded when I tried to imagine the price of one bitUSDINV in relation to BTS.  :P
(https://i.imgflip.com/kawic.jpg) (https://imgflip.com/i/kawic)via Imgflip Meme Maker (https://imgflip.com/memegenerator)
Title: Re: USD inverse market pegged asset
Post by: toast on April 17, 2015, 05:31:56 pm
Quote from: Markus on April 17, 2015, 01:13:07 pm
Inverse to what? To one? How much is a one worth?

one unit, duh
Title: Re: USD inverse market pegged asset
Post by: Ander on April 17, 2015, 05:41:23 pm
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P
Title: Re: USD inverse market pegged asset
Post by: maqifrnswa on April 17, 2015, 08:06:41 pm
Quote from: Ander on April 17, 2015, 05:41:23 pm
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

the value of 1 inverse-bitUSD should just be the value of 1 USD short (2x increase in USD value decreases short value in half, and visa-versa), so buying BTS now should give you this functionality.
Title: Re: USD inverse market pegged asset
Post by: zerosum on April 17, 2015, 08:20:59 pm
Quote from: Ander on April 17, 2015, 05:41:23 pm
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

It will be worth 1 BTS but it will be backed by 300% ^ 2 BTS. or about 9 BTS  :)
Title: Re: USD inverse market pegged asset
Post by: hadrian on April 17, 2015, 08:42:21 pm
Quote from: tonyk2 on April 17, 2015, 08:20:59 pm
Quote from: Ander on April 17, 2015, 05:41:23 pm
This thread...

Wouldnt an inverse bitUSD just be a BTS?
Can we not achieve this exact functionality right now by buying BTS?

Oh wait, no one must buy a BTS under any circumstances, it must be avoided at all costs! :P

It will be worth 1 BTS but it will be backed by 300% ^ 2 BTS. or about 9 BTS  :)

So, 1 bitUSDINVINV would be worth the same as 1 bitUSD, but would be backed by the BTS equivalent of about 27 bitUSD?
In that case perhaps there would be a slight premium on it, making it worth a bit more than 1 bit USD (because it is backed more strongly)?
Title: Re: USD inverse market pegged asset
Post by: Ander on April 17, 2015, 09:02:02 pm
(http://img.memerial.net/memerial.net/2446/put-20-each-in-a-box.jpg)
Title: Re: USD inverse market pegged asset
Post by: bitmeat on April 18, 2015, 02:10:04 am
DSUtib