1
General Discussion / Re: When to expect the bitUSD revival?
« on: December 09, 2018, 04:25:26 am »
Thank you for your replies.
I (now) understand that the bitUSD is not as stable as I believed. You know, reading on when I first started to be interested in Bitshares (and Protoshares long ago), I came to believe that bitUSD was a strong thing that would never become some sort of tether coin... Wording like the ones found here : https://steemit.com/bitshares/@xeroc/what-makes-the-bitusd-than-nubits always made me believe it could not break. Obviously, I would have never suspected Bitshares to go below 0.10$USD back then, and since I had never been interested by the margin trading, I never knew about the GS price. I thought this would not affect me much. Now I know. I didn't loose much, but then again I could not benefit from the plunge from .05 to 0.3, for which I was too well prepared.
Now looking at bitCNY, with a GS at 0.261429, I'm getting better to understand what could be the outcome of a black swan... CNY has been stragely holding at 0.261430... (Feed manipulation?) When it moved 0.264, where it stayed fixed for a bit, I panicked a bit seeing it plummet straight to 0.261430, 0.00001% away from GS... Hey, now its going back up... That was a good f*** up for me, but nothing to panick about.
Thanks again for your time!
Cheers
I (now) understand that the bitUSD is not as stable as I believed. You know, reading on when I first started to be interested in Bitshares (and Protoshares long ago), I came to believe that bitUSD was a strong thing that would never become some sort of tether coin... Wording like the ones found here : https://steemit.com/bitshares/@xeroc/what-makes-the-bitusd-than-nubits always made me believe it could not break. Obviously, I would have never suspected Bitshares to go below 0.10$USD back then, and since I had never been interested by the margin trading, I never knew about the GS price. I thought this would not affect me much. Now I know. I didn't loose much, but then again I could not benefit from the plunge from .05 to 0.3, for which I was too well prepared.
Now looking at bitCNY, with a GS at 0.261429, I'm getting better to understand what could be the outcome of a black swan... CNY has been stragely holding at 0.261430... (Feed manipulation?) When it moved 0.264, where it stayed fixed for a bit, I panicked a bit seeing it plummet straight to 0.261430, 0.00001% away from GS... Hey, now its going back up... That was a good f*** up for me, but nothing to panick about.
Thanks again for your time!
Cheers