Quote from: EstefanTT on March 14, 2017, 11:58:28 am

The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.

At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"

I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up.  We are getting there.

There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.

The new website should help a great deal if it reflects the activity both in the community and in the dex.

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That's what people have been saying since the merger. Yet anyone who held all this time got rekt.

It doesn't change the facts.

These crypto markets are not rationals. Does ETH deserve 300x the BTS market cap ? Surely not but here they are at 3 billions !

Invest in bts is not a bad move because you lose money. Just like it's won't became a good move when you'll win money. The result is out of your control. The quality of the move depend when you take the decision to buy or sell, not the good/bad luck related to your decision.

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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.

At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"

I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up.  We are getting there.

There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.

The new website should help a great deal if it reflects the activity both in the community and in the dex.

Sent from my SM-G935F using Tapatalk

Or ... Stealth down the road will slowly make its way in the minds of investors, they will speculate that bts will rise just like any anonimity coin did before, pour money in and push bts somewhere between 20 and 50M$ MC.

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Hahaha :')

Intergalactic travel would be cool but the moon with my basic spacesuit is good enough for me

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I just felt that pessimistic prevision on MC doesn't serve any purpose beside maybe scaring some investors in BTS.
BTS price is very important in order to have funds available for development.
I just wanted to point that out.

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On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it. This new composition swap with the previous one without any disturbance of the index price.

We have run this operation yesterday. Here is the new composition of the Bit20 Index Fund:

BTC / 17516781304 USD / 10 % / 0.35764448027206 coins / 1082.98 USD
ETH / 1093988858 USD / 10 % / 31.535251112308 coins / 12.282185985 USD
LTC / 188177083 USD / 10 % / 102.66118427817 coins / 3.7728165905 USD
XMR / 170694161 USD / 10 % / 31.650453499685 coins / 12.2374808705 USD
DASH / 153665136 USD / 10 % / 17.929543009296 coins / 21.602436774 USD
ETC / 108423625 USD / 10 % / 318.04402578721 coins / 1.2178245395 USD
MAID / 87362348 USD / 8.1295085045543 % / 1631.1009486613 coins / 0.193043602 USD
XEM / 58631261 USD / 5.4559354898777 % / 32438.02977186 coins / 0.0065145845 USD
REP / 55544720 USD / 5.1687172330017 % / 39.646480494174 coins / 5.04952 USD
ICN / 30309495 USD / 2.8204518652732 % / 313.56761845392 coins / 0.348385 USD
STEEM / 27511086 USD / 2.5600457488451 % / 848.35863859789 coins / 0.11688 USD
FCT / 25827208 USD / 2.4033523811069 % / 31.548575757129 coins / 2.950595373 USD
WAVES / 24585200 USD / 2.2877772525776 % / 360.42254994703 coins / 0.245852 USD
DOGE / 22263906 USD / 2.0717691009358 % / 390097.07064559 coins / 0.000205703 USD
ZEC / 21920735 USD / 2.0398353030596 % / 2.5509586535325 coins / 30.9716004 USD
GNT / 20447381 USD / 1.9027322586998 % / 2955.4649081203 coins / 0.0249358305 USD
ARDR / 15447786 USD / 1.4374946477347 % / 3600.6194692076 coins / 0.015463257 USD
XLM / 14379854 USD / 1.3381181717695 % / 25183.78837 coins / 0.002058 USD
LSK / 12733358 USD / 1.1849033882713 % / 372.73925570135 coins / 0.123126 USD
GAME / 12888699 USD / 1.1993586542928 % / 219.16845517392 coins / 0.21195467 USD

The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. This system guarantees decentralisation and prevent any market manipulation. Here it is:
http://cryptofresh.com/u/bittwenty.feed

You will find on the website the composition with the updated price of each coin and the total value of the index



Next, a glance at the state of the market since its creation on the BitShares Decentralised Exchange



We are currently working on tracking data from Bit20 market to create a review of the coins movements inside the index, the volume traded, the trends of buyers and sellers and lots of other interesting information. We'll have this report ready in the course of the next weeks and will publish it on a regular basis.

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Market settings changes

Hello dear traders and investors,

Bit20 has been evolving nicely since it's inception in December 2016. We are happy to observe that traders are buying and selling much higher than the "theoric" index price.

Why is that ?

Well, simply because they saw what Bit20 has performed very well in the last 18 months and deduce they can buy it even with a 50% premium, it's still a good investment with lots of potentials.

This market has been created with some very specific settings. These settings have been adjusted before the market was born.
Now that we have seen the price stabilising around 140% of the theoric asset price, we can adjust the market settings to fit better its trading environment.

2 changes:

The MSSR: When a shorter have its collateral falling below 175% of the price feed, a margin call will happen. A buy order will be automatically created in the market to buy back its undercollateralized asset(s).
This process guarantee that all smartcoins on the BitShares decentralised exchange are always well collateralised.

The MSSR is set at 110% at the moment. This would be good for gold or dollars because they are traded close to the price feed. No need then to buy back much higher.

In our Bit20 market, the asset is traded around 140% of the price feed. A buy back at 110% wouldn't be bought anytime soon. We will increase this value progressively until it reaches a value where it can be bought. It will be somewhere between 120% and 140%

What does it change for you concretely?

Really not much.

For the buyer, nothing at all.

For the shorter, you still can borrow BTWTY with the usual 175% collateral, the only difference is the price of the margin call if your collateral falls under the limit. If you are aware of what you do when you short BTWTY, that limit shouldn't be reached. If it is, the price you will be margin call will probably be around the one you sold and maybe cheaper, the spread is still wide. We won't raise this value until the point it is discouraging shorters, our goal is to incentive as many as possible!

Second change. After receiving some requests, we will enable the force settlement setting.
This option allows anyone with BTWTYs to force the market to buy the asset(s) they own at the price feed. The fact that this market is traded much higher than the theoric price feed make this option irrelevant because it's  easy to sell at a better price than the price feed. 

In order to let everyone consider this information, we will wait for 48h before operating any change.

Happy trading!

Quote from: EstefanTT on January 18, 2017, 12:36:10 pm

Quote from: bitcrab on January 18, 2017, 12:29:52 pm

let me repeat 3 times:
forget to add 0.1% on treades in DEX.
forget to add 0.1% on treades in DEX.
forget to add 0.1% on treades in DEX.

I'm trying to be constructive here. Could explain why you think it's a bad idea ? I mean, why is not a good idea to use it to give back valuebto the referral program and what would be your solution otherwise.

We have to find some kind of agreement between eastern and western.

Repeating 3 times what you think doesn't make it a better idea nor contribute effectively to the brainstorm.

the answer is always China.

but so far no one provided some number proving how much impact china has to BitShares in terms of adoption and revenue. Is Asia even relevant to the success of BitShares? Or is this maybe some personal agenda by a committee member to protect their business?

I can see there is some trading on the BitCNY:BTS but I don't feel that the whole chinese crypto commuity is amazingly seduce by the fact the we don't have % fees on the DEX. It's still very very low volume !

Exchanges charge a % fee on trades, it's a fact that even chinese community is used too. I don't see that change implemented in BitShares beeing traumatic to anyone. We are speaking about 0.1%. It's tiny. This % can be lower later on if the DEX grows a lot and we are making "too much" money.

In the other hand, this little change will incentive again lots of people to find cretives way to bring users into BitShares. Which is exactely what we need !! More users, more money in BitShares, more market cap, more money in the reserve pool, more money available for workers and witnesses, more development, more users and so on ...