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

Awesome charts. Which site?

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.

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 ?

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: 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.

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:

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:

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 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?