I think this thread already has more than enough people asking for your second id. So let me be the next one. What is your original id? And nxt, really? Thumb rule - most of the cryptos are spotty...nxt, more so: https://bitsharestalk.org/index.php?topic=8022.0

I don't know how much truth or sense this makes but I saw this on the altcoin observer thread:
https://bitcointalk.org/index.php?topic=624223.msg8802514#msg8802514

This guy seems to have dug up some of the assets owned by James, seems he owns majority in most of them. It seems fishy to me.

Quote from: bitmeat on September 01, 2014, 06:41:44 PM

I might re-enter at these levels, I expect it to go down.

Awesome charts. Which site?

I am a bit confused with this explanation. So basically we have the daily burn (difference between the fees collected and expenses) which is around 2k BTSX now. If the system gets more people on board, wouldn't it struggle with the same issue bitcoin has? Namely, the fees being relatively high in dollar terms. So I think there we will see fees going down a bit (if BM and team changes the structure) and then effectively decreasing the burn, not increasing it. Shouldn't that be the case?

Quote from: jsidhu on August 30, 2014, 12:30:38 AM

Quote from: Xeldal on August 29, 2014, 11:44:05 PM
38 BTC is not that much.  Could be anyone.

Was probably BM who said he made 1 M btsx profit and the order was exactly 1M sell for 50btc... its now alot less.

I wonder what kind of margin are we talking about when making a profit of 1M trading BITUSD.

Quote from: wesphily on August 30, 2014, 02:52:30 AM
I am not hardcore on forex trading BUT, I did read where interest rates were part of the equation for controlling currency prices. Monetary theory? Would be nice to have that in bit currencies.

Yes. Even when you open any position, the broker pays you an interest for the currency you are long (buying) and charge you for the currency you are short (selling). Example short GBP/JPY (sell GBP, buy JPY) given by Sidhu will give you a negative interest on a day to day basis, decreasing you holding. So for a profit you need the movement to be larger than the interest being applied.
Similarly, long GBP/JPY (buy GBP, sell JPY) also called a carry trade, will give you profit + interest.

Quote from: bitmeat on August 30, 2014, 08:05:21 AM

I would love to build a high-grade trading interface, such that people familiar with MetaTrader will have no problem understanding.

This is better than marketing, as it would market itself.

Familiar or loaded like MT ;) ?

Quote from: bitmeat on August 30, 2014, 07:40:59 AM

I didn't say it will go there in a day. I'm pointing out that there is a $2B target market, which is not unreasonable at all.

Yes, I worked with a hedge fund and did automated trading systems for them for about 2.5 years.

EDIT: Given that FOREX brokers are not regulated and hard to trust, BitShares might be a good, more transparent solution.

Also even big and stable brokerages can fail - look up the RefCo fiasco.

Well there is always an upside to things, I would also like for it to reach the $1 mark but at given situation there is no reason why it should. Maybe a good marketing strategy will turn it around later, so I am not saying it wont, just that the reasons about "small businesses" coming in wont be happening any time soon. Even if Forex brokers are scam companies, what kind of marketing BTSX has to actually replace them. A better solution is not always the most prominent solution, is it?

Given we are yet to get media exposure/ a bitpay type business platform signing up businesses to use BTSX, we are really far off. Unless of course Brian pull a magical rabbit out of the hat.

As for the HF, are you sure you want to discuss that background on the forum, in crypto people normally tend to hate such profiles :P

Given the fact that people were shorting BITUSD to their heart content (mostly due to bullish on BTSX) without a corresponding stop loss order, their effective "stops" were near the margin call range. So for a big BTSX holder, wanting to buy cheap, it is much easier to trigger a short squeeze or a "stop hunt" by triggering a big sell on some exchanges (arb working out the rest). Something similar happens even in the forex markets. You target a lower end where the stops are to actually buy on a bounce rather than chase the market towards the top.
That is quite some strategy bitmeat, I guess you were into forex trading before all this? And the market liquidity provides much more opportunity here, than what it did in forex, eh?

That said, I have to disagree with the assertion you made in the op. Forex is a rather liquid market and has been running for years (and many gullible traders being pulled in for the 5% a day return promises). While BTSX has some great achievements like the BITUSD, I think retail or small level businesses picking it up is very far off. It will take some real great marketing campaign to actually achieve it. For now I think we will remain in a bit of a range before the actual breakoff comes around.

Quote from: wesphily on August 26, 2014, 02:28:09 PM
nvm. I figured it out! For those that want to test it out this is what you do

Step 1) pick a price that you think it will continue down from.  If you think price of one bitshare will go down from the current price of 22.00bitusd then place short at 22bitusd per btsx
Step 2) Place a buy order where you think it will stop going down. If you think it wont go down past 19bitusd then place buy at 19bitusd
Step 3a) If you were right and you bought at 19bitusd then you cover you short position that started at 22bitusd and profit!!!
Step 3b) If you were wrong and you want out then you need to buy at the higher price and cover your bitusd :(:(:(:(:(

Finding this out only cost me 1,000btsx. Hopefully this saves somebody from losing more!!!

This part..markets work like this EUR/USD is how much 1 EURO is worth in USD.  so it should be 22 BTSX per BITUSD ie how much 1 BITUSD is worth, not other way around. Example if BTSX/USD is 0.04 then BITUSD/BTSX = 22 means BITUSD is worth 0.88 $.

Quote from: bytemaster on August 26, 2014, 05:20:01 PM

Quote from: changematey on August 26, 2014, 05:16:58 PM
Well I still confused by lot of the BitUSD trading. BM, any chances of a layman video? And from the looks of it, there is a huge - 100k bet that BTSX will have trouble crossing 1.3 $/BTSX barrier.

Any bets that far out are likely to be canceled long before we hit that price.

Yeah most likely. Though my confusion is arising from this fact. My 1.3 calculation is derived by current BTSX price in USD X price of BTSX/BITUSD == 0.038439 * 33.33 = 1.28

Now depending on BTSX price movement the same order could change, say BTSX increases to 1 USD, then the price order will be 33.33
or if say decreases to 0.02 then order becomes 0.6666 USD. So in case of an ever increasing market, order will be never hit and in case of a falling price, hit very easily. I am not sure of the repercussion of the same.

Edit: Just realised this is a pretty neat to avoid the BTC denomination which many alts face. They become more susceptible and dependable on how BTC will move.

Well I still confused by lot of the BitUSD trading. BM, any chances of a layman video? And from the looks of it, there is a huge - 100k bet that BTSX will have trouble crossing 1.3 $/BTSX barrier.

I started out reading this thread with a fist pump about what Brian has achieved. It slowly turned into a disappointment, then a "not this again" -- there have been many lynch threads; allegedly one even by a 3I employee asking about Brian's contributions. Then came another mob after Adam.

Now most probably I am gonna be flamed for this but in all this one of the major points got dropped. Here's the statement: "if you noticed the 20% bump this morning- that was these guys".

Now here's what a post (I guess not part of everyone "agrees Brian is doing a great job") said:

Quote from: Shentist on July 31, 2014, 06:08:32 PM
i am not conviced.

the buying pressure came from the chinese community. over 75% of the tradingvolume was in btsx/cyn. it was like the same days before, there were the selling pressure from chinese. so i hope Kevin will get involved, but i am certian he has not bought in the last 2 days a significant amount of btsx.

Now I don't have any proof/data to back what the guy said but I have no reason to doubt him. While everyone was busy bashing Adam they forgot to answer this:

Quote from: AdamBLevine on July 31, 2014, 06:59:33 PM
The original post in this thread feels like it's trying to imply causation for things it doesn't seem to be connected to like the price movement and the fact that it was mentioned in a few articles.  I've been talking to lots of people about Bitshares including journalists who then go on to talk about it because it's interesting, but I'm just some schlub - Did you actually work with those authors to get Bitshares mentioned or are you just also noting that elsewhere in the ecosystem this happened?

I am no expert in marketing or sales but the "implying causation" like what Brian did in his first post is certainly not correct. But thats just me.

I got the BTSX windows 0.23 version working but now this is happening:

I got my BTSX client working after some struggle. Now when I go to the assets tab, I see most of them have been created but don't really have any fees/market cap. Not the bitusd or the BitBTC. Is it normal or my client is acting up?