Why BTS is falling like this?

[Gentso1]

Boy am I glad I made a silly FB account just to trade on btc38 today, what luck.

I was able to add some shares without investing another dime.

*go ahead and cue that marketing push 

[Ander]

Yeah, which of you was that posting those walls.

It was like...whale signalling or something.  Crazy.

[toast]

they're onto you!

[Ander]

As soon as I post, the walls disappear.

[Ander]

And now the buy walls are gone after having 300k sold into them, and a huge sell wall appeared at 4400, and a 900k+ buy wall at 3920. 

Hmm...

[Ander]

The price hit 4000 sat on bter for the first time since the august rise, and then those huge buywalls come in.  This is VERY interesting. 

I think there is a significant chance that we just saw the low. 
 

[Ander]

WOW!  Someone on bter wants BTS very badly.  22 BTC buy at 4100 and at 4200.  Way above btc38 prices!  Is a pump imminent?

[Ander]

Interesting, btc38 is having massive dumps, but bter just does not want to go down.  Bter price is holding at 5% higher than btc38 now, and we had the attempt earlier to drive it up on bter.  It just does not want to go below 4000 sat (even though its should be below that already).

I think we will hold here on btc38.  Maybe not at .090, but at least at .084
The order book is heavily stacked in favor of bulls right here.  3 million sell wouldnt even hit new lows, but 3 million buy takes us up over 20%! 

[alt]

We badly need market maker bots in the bitUSD market providing liquidity.

Even if they operate at a loss for a while, the positive impact that it would have on bitshares is well worth it.

Just look at Nubits.  Everyone thinks nubits works great and is an amazing technology, simply because they are providing liquidity to the market.  Everyone thinks bitAssets barely work at all, and Nubits is way better, because we dont provide any liquidity.


If there was actual liquidity in the market, then people could use it, they could actually create shorts, and so on.

This is why we are working on relative bid/ask orders to help aid the creation of liquidity.

 

thanks you are reminding this to us when ever you can!
With this implementation we will be all market makers 

PS An estimation when this future gets implemented on the client ? I can't wait ! 

please don't do huge market-maker at wallet market!
请千万不要鼓励内盘搞做市商！
内盘做市如果规模大了会死的很惨，因为内盘现在根本就没有定价权，价格是完全由外部控制的。
比如有2000万BTS买盘在做市
在0.2美元价格时，我可以在内盘卖掉2000万，然后在外盘拿500万BTS砸到 0.015。
然后0.015价格我又能在内盘买回这2000万BTS，在外盘买500万拉到0.2美元。
这样反复抽水，内盘做市商就被当韭菜割了。

translator from google

please don't do huge market-maker at wallet market!

Please don't  encourage  market maker at wallet market!

Within  large volume,  market-maker will die very miserably, because the price is now totally control by external market.

For example, there are 20000000 BTS bid order from  the market-maker

at price $0.2 , I can sell 20,000,000 in the wallet market , and then sell at btc38 with 5,000,000 BTS , price fall down to  0.015.

Then the 0.015 price I can buy  20,000,000 BTS in the wallet market , buy 5,000,000 at btc38 ,price back to  $0.2.

This repeatedly pumping, the market-maker lose

[Ander]

In my experience market making like that is great... until you get lumbered with a large holding of the wrong sort at the beginning of a strong trend and lose it all the profit again!

Agreed, but I was only risking about 10% of my BTS position.  I would be willing to pay 10% of my BTS position in order to have it rocket to the moon and never go down again.

I actually profited less than I could have because I was too quick to buy back because I didnt want to be out of BTS.  I was buying back at 4300, but if I had waited I could buy back now at 4100 and made 8000 BTS instead of 4000.  Still, I'll take the free shares!

[monsterer]

I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in!  It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread!  Then it calmed down again and the price went back to tracking btc38.

In my experience market making like that is great... until you get lumbered with a large holding of the wrong sort at the beginning of a strong trend and lose it all the profit again!

[mf-tzo]

When that happened I have logged out for 10 minutes to have a cigarette, and when I came back I couldn't believed I missed that...I will go for another cigarette now...If that happens again I will quit smoking..

[graffenwalder]

Here is the test... we've hit support (0.096cny) now we either make a new low and fall like a sinking ship or we rise from here... lets see what smart money wants to do.

Someone just went crazy trying to drive it up on bter.  Half a million in volume (a lot for bter - which has much lower volume than btc38), and they drove it all the way to 4540 sat.  It was over 10% higher on bter than on btc38 for a bit there.


I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in!  It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread!  Then it calmed down again and the price went back to tracking btc38.

Yeah, that was crazy. Only managed to make 2500 BTS price was just jumping up an down between 4500 and 4100.

[Ander]

Here is the test... we've hit support (0.096cny) now we either make a new low and fall like a sinking ship or we rise from here... lets see what smart money wants to do.

Someone just went crazy trying to drive it up on bter.  Half a million in volume (a lot for bter - which has much lower volume than btc38), and they drove it all the way to 4540 sat.  It was over 10% higher on bter than on btc38 for a bit there.


I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in!  It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread!  Then it calmed down again and the price went back to tracking btc38.

[Ander]

This is why we are working on relative bid/ask orders to help aid the creation of liquidity.

Yes, this is excellent!