Show Posts
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
Before the median price was introduced, the pegging was doing fine but there was a danger that bitUSD will lose track of the USD and then the whole Bitsharex it will not work.
Now the bitUSD is not in danger of not tracking USD but the market is dead.
I rather preferred the peg to track and in no danger!!! Let see with the GUI changes then I suspect you'll not see that many short out of range, and much more trading happening.
It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
Buy more! less than $4000 to go before we push through that stupid $9833 order...
Can orders like that be partially filled or is it all or nothing?
It seems to me that it's fine as long as they fix the GUI so it's EASY to see what prices can execute at the moment. Maybe some checkboxes or something to alter the display of the orders.
Just bought some BitUSD!!
Here is something BTSX HODLers need to understand. If the peg doesn't work your BTSX is worthless. So everyone has vested interest in providing liquidity to make the peg as close as possible. Simple as that.
Thanks, I get your meaning. I guess i though the short was someone creating usd and looking for someone to take the other side. Am I not understanding it correctly?I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
This damn GUI makes it very difficult to explain, but I'll try. Scroll through your list of buys/shorts. Find the top bid order (ignore all the shorts above this). If you place an ask a tiny bit below that bid, it will execute.
Sent from my SCH-S720C using Tapatalk 2
I put in an ask (and got a warning that I'm 12.5% below the highest bid) for 0.030637 which is lower than the 1 hour average at the top of the screen. It's not going through either. How close to the average does it need to be?
median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
I like median, because now we have the closest peg we've seen since BTSX launched. What we need is a GUI that doesn't show a bunch of invalid short orders. It's extremely confusing at the moment.
true , but also true
1. volume is near zero
2. no new bitUSD are created - we still have 462k
3. so means no short are executed
i didn't see the point to peg the dollar, when no one can create new bitUSD
median was not a good solution.
would be better to just let the market do what he will do. in the first 2-3 days it was really fun to me. maybe not much money made, but i had fun - a lot! But now? It is only frustrating and annoying. I don't see the point how we can achieve with a tradingvolume near zero something?
i would prefer if we could throw the median away and just wait. why change the rules immediatly? it was to early to do this. hope bytemaster will reconsider.
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Many of the shorts are below the median price feed, so because of the recent code change, they are not active even though they show up on the order list. You have to scroll down in the Sell orders box and look for Ask orders. The lowest Ask is at 33.8983; if you bid into that order, your order will fill.
So how does one know what the median price feed is in order to bid intelligently?
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the
I don't think it's a lack of desire to hold bitUSD. It's a lack of ability to buy shorts. See my post a few up with the big picture.
I agree. I have tried unsuccessfully to do this.
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
Perhaps we need to have the
Have you seen the market?
Everybody is trying to short, what we need now is for the BitUSD up to the median feed to be bought up so both buyers and sellers see $1 per BitUSD
hmmm.... but why are they shorting the bitUSD (or USD/US Dollars)? The US Dollar is strong, the economy will not collapse, we have low deficit spending on the federal level. Is it because they do not believe the peg will hold?
That's clear. So it's just a label for convenience. Thanks much.
Where can I find the complete rules of BitsUSD trading? Will they valid in certain time period or they are keep changing? Will we receive an advance notice before it changes? I have kept update the wallet in these days and watch the BitUSD trading but still could not figure out the rules.
