Its a correction of the fact that all these coins went up 100% in two weeks. 

It feels like some of you guys have never seen crypto markets before.  Things move quickly both up and down. 
As soon as something thats going up fast runs out of momentum it goes down at least part of the way.  I thought BTS would get to .06 CNY before it happened, not .052.  At least I managed to sell some at .046 and buy back 10% lower.

The great thing about Bitshares is that you can effectively short BTS by going long a bitasset. If you ever think a 100% couple week jump is kind of crazy, start using the windfall gains to buy assets...you'll support the community and protect yourself against subsequent drops.

Quote from: cylonmaker2053 on May 30, 2015, 05:38:14 pm

If you ever think a sharp run-up is artificial or the pump in a later dump, just sell some BTS or buy some bitassets on the way up to protect yourself. These markets are way too new to know much at this point re: intentions on any given day. I'm loading up for the long haul bc this is an awesome project with big long term potential; but i'm also trading a bit on the margins to smooth out the big swings.

Yes exactly!!


This shows most of my trade yesterday.  Made over 10k free BTS, pretty happy with it.    Couldve been more if I'd timed the high and low better but it'll do.

Well done!

Quote from: cylonmaker2053 on May 30, 2015, 05:33:02 pm

Interesting thought to put up a bounty for that feature. It's not just to see the value of the BTS in my wallet relative to other currencies, but to see the full account value including current market prices for the other bitassets. It'd be nice to log in and see the bottom line full wallet value.

While not part of the client I have python functions that calculate this for one of my bot dashboards. Returns values in BTS. It ain't pretty but it gets the job done.

Code: [Select]

def get_open_order_balance(self, account, base, quote):
        quote_precision = float(self.get_precision(self.asset_id(quote)))
        base_precision = float(self.get_precision(self.asset_id(base)))
        median_quote = float(self.get_median(quote))
        #print "%s, %s" % (quote, base)
        response = self.request("wallet_market_order_list", [quote, base, -1, account])
        order_ids = []
        total_orders = 0.0
        bids = 0.0
        asks = 0.0
        shorts = 0.0
        if "result" in response.json():
           for item in response.json()["result"]:
              if item[1]["type"] == "bid_order":
                 total_orders += item[1]["state"]["balance"] / quote_precision
                 bids += item[1]["state"]["balance"] / quote_precision
              if item[1]["type"] == "ask_order":
                 total_orders += (item[1]["state"]["balance"] / base_precision) * median_quote
                 asks += (item[1]["state"]["balance"] / base_precision) * median_quote
              if item[1]["type"] == "cover_order":
                 total_orders += (item[1]["collateral"] / base_precision) * median_quote
                 shorts += (item[1]["collateral"] / base_precision) * median_quote
           return total_orders, bids, asks, shorts
        return

    def total_account_value(self, account):
        base = "BTS"
        markets = ["GOLD", "SILVER", "USD"]
        account_value = 0.0
        balance_bts = self.get_balance(account, base)
        for quote in markets:
           total_orders, bids, asks, shorts  = self.get_open_order_balance(account, base, quote)
           precision = float(self.get_precision(self.asset_id(quote)) )
           balance = float(self.get_balance(account, quote))
           median = float(self.get_median(quote))
           account_value = account_value + (total_orders / median) + (balance / median)

        account_value += balance_bts
        return account_value


Awesome, thx! i'm a little rusty with python these days. how do i run the function? i don't see where it interacts with the Bitshares API?

I'm just starting out in Finance academia and believe this is the future. I've been into BTC and alt crypto for a few years now, took my time to better understand BTS and tinker with the system, but now I'm on board...will be building my position in the DAC and helping the community as best I can. On that note, anyone know of any good data sources for potential research? I'd like to spread the word in academia...

Interesting thought to put up a bounty for that feature. It's not just to see the value of the BTS in my wallet relative to other currencies, but to see the full account value including current market prices for the other bitassets. It'd be nice to log in and see the bottom line full wallet value. 

true, even a total BTS or BTC value summary would be cool...

Yes, that worked...thank you so much!