BitShares Forum

Main => General Discussion => Topic started by: KenMonkey on December 13, 2015, 03:57:08 am

Title: Smartcoin Premiums
Post by: KenMonkey on December 13, 2015, 03:57:08 am

I know this is somehow basic Bitshares economics here but I can't find much information about smartcoins on the forum. Why are people willing to buy USD at a 10% more than the settlement price?

Also, when I click on settle asset there is a 1 billion bts fee... equivalent to this feature being turned off?

ohhh on double checking there is only a 200 bts fee. righto.... when I settle does it use the sell wall or the settlement price?

Title: Re: Smartcoin Premiums
Post by: puppies on December 13, 2015, 04:46:52 am

If you settle it will use the settlement price.  I would suggest selling into the bids above the settlement price if  you need bts in a hurry.   People are willing to pay a premium in part because they know they can always settle at the feed if needed. 

Title: Re: Smartcoin Premiums
Post by: KenMonkey on December 13, 2015, 04:52:34 am

That makes sense.

thanks speedy