Author Topic: Biggest problem is no BitUSD buyers  (Read 1975 times)

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Offline Ander

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sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

That should be possible once both bitUSD and bitGLD become liquid! :)
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Offline xeroc

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sweet ... looking forward to a liquid bitUSD/bitGOLD market :)

Offline bytemaster

Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement

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Offline xeroc

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Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
there's no need to "open" them .. you can put your orders there .. no feeds required .. not sure about a minimum supply depth requirement

Offline betax

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Are we going to open markets for BitUSD / BitCNY -- BitUSD / BitEur and so on?
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busygin

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bitUSD 24h volume is about $35K at the moment. More than, for example, XCP (Counterparty) volume as reported by coinmarketcap. Of course, we all want much more, but I wouldn't call it "the lack of demand".

It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.

Offline mf-tzo

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the minute n0 3 is solved then bitcoin will be replaced from BTS...

Offline bytemaster

We are working that issue from multiple directions.

1. Make it easier to buy sell relative to the feed. 
2.  Forced covering after 30 days.
3. Merchant integration.

You can sell bit usd at good prices if you are patient.    Liquidity will improve. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline bernard

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It seems to me the biggest issue facing BitShares right now is the lack of BitUSD demand.. I bought some early on and then found it very hard to sell due to non existing buy orders on the books.

Is there any plans to improve this situation? Otherwise no one will buy BitUSD and the system is useless.