Gratz Data!

I shall mention the access to Nuke-proof servers to new businesses I approach.
Quite a compelling argument!

Can you afford the liability, banking relationships and risk of imprisonment for 1%?

If you trade in an authoritarian market you'll also have to pay for the privilege, either in capital or in data-farming your users

If that were the case I suspect it would have been done a while ago

I maybe wrong but I use to think that anyone taking a look at our BitUSD market from outside of this community may be thinking that there is a problem.

Everyone in the Crypto sphere is not a senior trader and this gigantic wall seem scary.

I may be a little out of topic but solving this weird market would have a beneficial effect on the perception that people have on our main BitAsset.

I'm not understanding enough of that to allow myself to create a post on that but something simple explaining the risks, value and process to short (simpler than it mat seem) could make a difference.
(I'm posting this comment here because it seem a little related. )

I'm surprise that we still have so few liquidity. Bts price is low and going to rock, anyone here holding for long term should be shorting, no ?

PLEASE READ THE FULL THREAD BEFORE SHORTING, SOME MISTAKES IN THE INSTRUCTIONS HAVE BEEN CORRECTED IN THE REPLIES

Since we're getting a lot of chatter wrt shorting bitassets, i figured i'd give my two cents for some best practices. There are plenty of existing threads on the mechanics of how to go about shorting, so i won't go there. Following these steps should reduce some risk with market timing and expired shorts:

1. Consider the overall amount of your BTS you want to include in your shorting activities. A decent rule of thumb is to keep at least 20% of your BTS in reserve to be able to cover subsequent short positions.

2. Consider a time-phased shorting strategy in which you're not using more than 10% of your BTS as collateral for any given trade. Open new short positions every week and cover positions that pass the 3 week threshold.

3. Consider shorting across several bitassets. It's a good idea to rank these candidate assets by liquidity: bitCNY and bitUSD are the two most liquid assets, followed by an order of magnitude less liquidity with bitBTC, bitGOLD, and bitSILVER.

4. Covering can be tricky. My approach is to place BUY orders within the bid-ask spread starting around the 3rd week a position has been open (within 1 week of expiration). This approach gives you a chance of getting a better cover price than the price peg. If a few days pass and your order hasn't executed, then it's best to buy at the highest bid and use the proceeds to cover your near expiration short(s).
          -Remember that any interest payments are due when you cover a short, so make sure you factor this into the amount of asset you
           you purchase. It can't hurt having a little extra asset in your wallet for future covers, so a good practice is to buy a little more than
           needed.
          -DO NOT ALLOW YOUR SHORT POSITIONS TO EXPIRE UNCOVERED! This will automatically trigger a margin call with a penalty (5%) and
           roll your collateral into the big cover wall, placing your order at the bottom of the queue.

5. COVERING TIP: If you want to roll your position forward for another month and you're in a rather illiquid market, it's possible to buy your own short. What you do is simultaneously input a buy and a sell order for identical amounts and identical prices (somewhere in between the highest bid and the lowest short, so there are no other buyers or sellers at that price). Use the proceeds of the trade to cover your near expiration short and you're left with the same volume net short position as you had prior to this trick, just rolled out another 30 days.

Have fun and remember that by shorting you are helping our business create its core products! Timing markets is almost impossible, but maintaining a consistent strategy that goes long BTS (short bitassets) will pay off handsomely if/when our business gains serious traction.

Quote from: Permie on July 10, 2015, 09:42:19 am

Quote from: Krills on July 10, 2015, 09:15:14 am

XRP\BTS\STR..
 
Why?

You and newmine been shorting bts?
Could explain a lot

NONONO.
I am shorting bitusd

Then why are you crying over a 9% gain?

Welcome!
Check these out

BitShares TV: https://www.youtube.com/channel/UChtICzF0ZEhhgoMA8YWhULw

http://www.smartcoin.pw/ for a quick infographic of bts features

It's a fundamentally broken concept. Any time you combine anonymity and trust the result is a sea of scams. That's why the real world has businesses and regulation.

"Regulation", by which I mean market-participants coming to a consensus on what should or should not be allowed, can come in other forms than governments de-anonymizing everyone with force and threats.

Darknet markets, where anonymity is very important, seem to be doing fine with reputation based systems and appropriate technology. They are growing.
They've managed this with just bitcoin and basic user-review features. BitShares' extra capabilities of reputation-UIAs, prediction markets, complex multisig and voting functionality can only make things easier.

I also take issue with the implication that "the real world" (by which I assume you mean the mainstream) is the most effective way to do anything at all.
For BitShares to further the cause of freedom and root-out inefficiencies it shouldn't be shackled to the current way of doing things.
Some methods might not work, but bts can adapt.

Quote from: bytemaster on July 09, 2015, 10:28:51 pm

I suspect that everyone on the bitshares network knows everyone else via 6 degrees of separation. 

Like the six degrees of kevin bacon?

...I guess that's fine for now, when nearly everybody knows each other and bitshares community is like a small hamlet, but when it becomes a city, how will that work then?

6 degrees of separation (a theory) connects everyone and everything in the entire world. Not just the hamlet of bts.

https://en.wikipedia.org/wiki/Six_degrees_of_separation

In 2001, Duncan Watts, a professor at Columbia University, attempted to recreate Milgram's experiment on the Internet, using an e-mail message as the "package" that needed to be delivered, with 48,000 senders and 19 targets (in 157 countries). Watts found that the average (though not maximum) number of intermediaries was around six.[16] A 2007 study by Jure Leskovec and Eric Horvitz examined a data set of instant messages composed of 30 billion conversations among 240 million people. They found the average path length among Microsoft Messenger users to be 6.[17]

Even if it's actually 7 or 8, the point is the same. If you can't access the internet, you can't use bts anyway.

Email sent to press@gametime.co and feedback@gametime.co

Hello Gametime,
I've just posted in Brad's AMA on reddit and I thought I would send you guys an email too.
BitShares can allow Gametime to increase their profits selling tickets and gain up to $80 per new user they sign up to use gametime.

The BitShares ecosystem is open to all and allows businesses to set-up shop and earn the lions share of the fees generated by your business. For detailed info, see: https://bitshares.org/blog/2015/06/08/announcing-bitshares-2.0/


Think the internet and having a website, but for finance and asset (game tickets) exchange.

Here are some companies that have already integrated with BitShares, and their press releases:


Startup incubator Peak Venture Capital: http://www.fox5vegas.com/story/29458521/peak-venture-group-adopts-the-bitshares-network

Financial exchange CCEDK: http://www.digitaljournal.com/pr/2586995

Cryptocurrency investment group Banx Capital: http://finance.yahoo.com/news/banx-capital-joins-bitshares-exchange-162900334.html


BitShares is a decentralized ecosystem and financial exchange that would allow you to reduce your costs, reduce your risk and increase your profits by earning referral income for every new user you on-board to your business, and will allow you to issue tickets in a more efficient way. Your tickets could become tradable, you have the option to retain full control to revoke tickets, and you will profit from the fees generated every time your tickets are swapped in a secondary market.


Everybody wins: The issuer of an asset (Gametime tickets, in your case) gets the fees from the use of that asset by everybody else's users on the BitShares network. The recruiter of a user gets the fees from the use of the network for everybody else's products.

... and we all benefit from greater economic volume - which itself attracts more users and service providers.


So, bottom line: Network members compete to win and retain customers - usually drawn from completely different demographics. Our affiliate incentive program gives them credit for everything those customers do on the whole network - by introducing them to products and services offered by other network partners. They gain by having their own products and services marketed to the customers of other network members. They gain by sharing market depth and liquidity in a single global marketplace. They gain by sharing in the "unhackable" and "transparent" set of order books that protect the consumers for the first time from exchange counterparty risk.

BitShares also allows the asset-issuer (Gametime) to comply with KYC and AML laws, you get to decide who can hold your tickets, and if they are allowed to trade them with other users, the whole world, or just with Gametime

I have started a thread on the community forums to organize bts members (it's a free and open system) to be available to help you with any questions you have! I hope you find us welcoming, thank you https://bitsharestalk.org/index.php/topic,17480.msg222585.html