I suggest stop price feed and stop market engine

[abit]

Can you buy bitUSD at the feed price from the short wall?

We now have about $15k short (without price limit). Yes we can.

How do you do that in the wallet? Buy bitUSD from the shorts at feed price....

Due to the buggy wallet, you cannot see price limit on shorts. Please refer http://www.bitsharesblocks.com/assets/asset?id=USD
We have 5,506 and 9,235 shorts without price limit.

So just buy bitUSD at feed price. That's it.

We can see the limit in new wallet (v0.5.0) now.

[clayop]

Can you buy bitUSD at the feed price from the short wall?

We now have about $15k short (without price limit). Yes we can.

How do you do that in the wallet? Buy bitUSD from the shorts at feed price....

Due to the buggy wallet, you cannot see price limit on shorts. Please refer http://www.bitsharesblocks.com/assets/asset?id=USD
We have 5,506 and 9,235 shorts without price limit.

So just buy bitUSD at feed price. That's it.

[jshow5555]

I may be wrong, but isn't this thread talking about a lack of BitUSD BUYERS?

You have it backwards, concern was that nobody would be willing to sell/short. This morning was the first time buy wall was higher than short wall.

uhhh... at least the second time.

I don't see what you're seeing, bytemaster.

In the BitUSD market?  5M BTS short wall?

It was never quite 5 mil, but you should know better than me...maybe it was eaten to less than 5mil before I can see it.

[islandking]

Can you buy bitUSD at the feed price from the short wall?

We now have about $15k short (without price limit). Yes we can.

How do you do that in the wallet? Buy bitUSD from the shorts at feed price....

[clayop]

Can you buy bitUSD at the feed price from the short wall?

We now have about $15k short (without price limit). Yes we can.

[clayop]

We don't have to stop anything.

This is the market.

[islandking]

Can you buy bitUSD at the feed price from the short wall?

[toast]

I may be wrong, but isn't this thread talking about a lack of BitUSD BUYERS?

You have it backwards, concern was that nobody would be willing to sell/short. This morning was the first time buy wall was higher than short wall.

[fluxer555]

I may be wrong, but isn't this thread talking about a lack of BitUSD BUYERS?

[bytemaster]

I don't see what you're seeing, bytemaster.

In the BitUSD market?  5M BTS short wall?

[fluxer555]

I don't see what you're seeing, bytemaster.

[bytemaster]

There seems to be $40,000 USD available at the price feed at the moment.   I think all is well.

[merlin0113]

Can shorting users buy BitUSD on BTER, and then close their positions inside their own wallet by combining this BitUSD with their BitUSD shorts?

You should be able to withdraw the bitUSD to your wallet from BTER.

And then close the short? Does the availability of BitUSD on BTER solve the problem in this thread? I guess I'm missing something.

Yes, it does.

[merlin0113]

alt, you can get BitUSD here: https://bter.com/trade/btc_bitusd there are several hundred on orders not too far from the price feed.

I'm aware of here. But it's not enough. My cover order is due in 7 days, I'm worried if no one shorting situation lasts. And I think I'm not alone so to speak.

Why don't you place a good size buy order for bitUSD a bit above parity here: https://bter.com/trade/bitusd_usd   ($1.02/bitUSD?)
Then make an announcement; I suspect you will find takers for the amount you need.

I haven't formed a super strong opinion about the perfect system parameters, because it's not my decision how things get implemented.  But, I think you are generally lucky that you are protected as a short by the price feed.  I have thought 30day forced covering seems short, and maybe the 5% margin call penalty is not so nice.  But in my opinion you are lucky that you are not forced to buy above the feed; I think this is too generous to shorts and not good for the system.

Thanks to the shorting guy with no price limit, I was able to cover it earlier. LOL...
I think this is a win-win action, these are all-time low prices indeed.

[Chronos]

Can shorting users buy BitUSD on BTER, and then close their positions inside their own wallet by combining this BitUSD with their BitUSD shorts?

You should be able to withdraw the bitUSD to your wallet from BTER.

And then close the short? Does the availability of BitUSD on BTER solve the problem in this thread? I guess I'm missing something.