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General Discussion / Re: Bitshares price discussion
« on: March 27, 2016, 06:58:21 pm »
It's sad to see every rise being stopped by a dump... Some whales aren't done yet.
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Did anyone else happen to be on at just the right time, I think it was in December, to see cob leak a much more detailed plan about what he's going to do, only to have the lawyers advise him to take it down almost immediately?
Reading that particular post definitely helped solidify my personal desire to continue holding this one.
One thing I'm aware but don't know if it's related to your issue:
The memo key of the USD-collateral account is invalid (by default), try transfer without a memo, or firstly update the memo key to same as active key then try transfer again.
2 days left now. How are you guys feeling about the testnet? On track for friday?
I believe that the test network has proven robust enough to replace the BTS 1.0 network in 30 days.
We have some graceful fallback positions that can be taken without missing the upgrade deadline:
1. If all witnesses are on a single node then the network works perfectly, even with 1 second blocks
2. Have several different witnesses all run from the same Amazon or Digital Ocean location
3. Have all witnesses use a dedicated server to relay messages through while being geographically diverse
4. Have all witnesses use current P2P and reduce block times to 5 seconds
In any event we are confident in the market behavior and evaluation of transactions and see no reason to delay upgrading the protocol simply because of networking/communication issues.
On the user interface side we have a viable wallet that supports:
1. market operations
2. transfers
3. voting
4. backups
Over the course of the next 30 days we will continue to refine the user interface, but at the very least it should be better than BTS 1 long before 30 days is up.
In other words, I am feeling pretty good about having the upgrade date be: Tuesday, October 13th (middle of work week)
I offer up 100 BTS to closest guess submitted by the end of 6/12/15.
By payoff time, I speculate that could be nearly $2.70 or enough for a 40oz.
I say, at UTC-5 hours on 10/1/15 (aka 12AM CST) the price of BitShares will be 7750 sats. And for bonus points, bitcoin will be $350.
I'm either going to be wrong or this is going to be a helluva September!
Note : The date of release has been pushed back and my price was counting on that not happening.
From what understand you short went into the massive buywall at the feed price when it expired. If the feed price went above your call price, then your order would execute at up to 10 percent above the price, representing a ten percent penalty. Afaik that penalty should only occur if your price is still lower than the feed price. Otherwise your short is just part of the buywall at the feed price.
So yes you should be able to buy back for a profit assuming nobody took advantage of the ten percent discount when your short was margin called.