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Main => General Discussion => Topic started by: mf-tzo on August 13, 2015, 12:26:29 pm

Title: BTS:bitusd wall
Post by: mf-tzo on August 13, 2015, 12:26:29 pm
Can someone please explain since the peg is @ 210 why the expired shorts wall is at 230 and what this means? 
Title: Re: BTS:bitusd wall
Post by: lafona on August 13, 2015, 12:33:08 pm
I think something is going on with the charts for the website. In the gui wallet it looks normal. I would send you a screenshot but it doesnt seem to work, guess I am still a forum noob.
Title: Re: BTS:bitusd wall
Post by: xeroc on August 13, 2015, 01:10:39 pm
https://wallet.bitshares.org/#/market/BTS:BitUSD/Guest/buy
(http://i.imgur.com/vs1dWoC.png]http://i.imgur.com/vs1dWoC.png)

@svk ?!
Title: Re: BTS:bitusd wall
Post by: svk on August 13, 2015, 01:23:56 pm
Margin called shorts (I updated Bitsharesblocks in response to an earlier post where we came to the conclusion margin called shorts take priority over expired shorts, the wallet however does not have this update)
Title: Re: BTS:bitusd wall
Post by: lafona on August 13, 2015, 02:25:48 pm
If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.
Title: Re: BTS:bitusd wall
Post by: mf-tzo on August 13, 2015, 02:29:18 pm
Got it thanks..

If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.

What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?
Title: Re: BTS:bitusd wall
Post by: xeroc on August 13, 2015, 02:35:19 pm
What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?
margin calls have to buy up to +%10 above the feed
expired shorts buy AT the feed
Title: Re: BTS:bitusd wall
Post by: svk on August 13, 2015, 02:36:25 pm
Got it thanks..

If it is margin called shorts, shouldn't it only be a fraction of the massive buy wall? I would expect that the majority of the wall to be expired shorts and thus not subject to the 10% over the peg penalty.

What 10% penalty? I thought we fixed this a long time ago. I think there is no penalty anymore. If you get margin called you repay the debt at the peg and the rest of collateral is returned. Or not?

No only expired shorts are at the feed price, margin called shorts pay 10% penalty.

As you can see from the wall a huge majority of the shorts are actually margin called shorts.
Title: Re: BTS:bitusd wall
Post by: Xeldal on August 13, 2015, 02:47:31 pm
If a short is margin called and there are no buyers, and later the price of BTS rises so that the short order is no longer outside the necessary margin.   Does the order remain as a margin call order at 10% penalty or does it revert back to its original state?
Title: Re: BTS:bitusd wall
Post by: svk on August 13, 2015, 04:00:00 pm
If a short is margin called and there are no buyers, and later the price of BTS rises so that the short order is no longer outside the necessary margin.   Does the order remain as a margin call order at 10% penalty or does it revert back to its original state?

I asked this question back in April:

With the current market engine, it reverts to normal status. I suppose the new engine will behave in the same way.