Author Topic: MUSE Price Discussion  (Read 4275 times)

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Offline clayop

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MUSE Price Discussion
« on: November 12, 2015, 05:35:35 pm »
I think this post can be a good start point for facilitating MUSE trade on our DEX (Decentralized Excange)
As you may know, we do have MUSE markets on the BitShares Platform!
See,

https://bitshares.openledger.info/#/market/TRADE.MUSE_BTS
https://bitshares.openledger.info/#/market/OPENMUSE_BTS
https://bitshares.openledger.info/#/market/OPENMUSE_OPENBTC

But at the moment, the spread is too high and liquidity is quite low. In TRADE.MUSE market, highest buy is 0.25 and the lowest sell is 0.90 (BTS/MUSE)
OPENMUSE is sold at approximately 2.0 BTS/MUSE, and the highest bid is 0.25.
For your information, in Yunbi, the MUSE price is about 0.007 CNY, or 0.35 BTS/MUSE.

Anyone wants to sell or buy MUSE, come to the DEX.
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Offline karnal

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Re: MUSE Price Discussion
« Reply #1 on: November 12, 2015, 06:13:49 pm »
Aren't these pairs dependent on blocktrades / openledger to stick around ? If we have (bit)USD, why not simply (bit)MUSE? What's the (dis)advantage?

Offline clayop

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Re: MUSE Price Discussion
« Reply #2 on: November 12, 2015, 06:16:21 pm »
Aren't these pairs dependent on blocktrades / openledger to stick around ? If we have (bit)USD, why not simply (bit)MUSE? What's the (dis)advantage?

bitMUSE requires additional price feed information and it may lack liquidity at the moment.

Someone with great vision on MUSE just bought MUSE at 0.9 BTS/MUSE. Hopefully, he will get 5x profit :)
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jaran

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Re: MUSE Price Discussion
« Reply #3 on: November 12, 2015, 06:33:37 pm »
sucks that what small liquidity there ends up being is going to be spread between trade.muse and openmuse.  We really need to solve this and combine the order books

Really wish they would have thought of this and all gateways issue one asset but it tracks what gateway it came from so when you cash out it automatically goes to whatever gateway it originated from.

Offline karnal

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Re: MUSE Price Discussion
« Reply #4 on: November 12, 2015, 09:27:28 pm »
Aren't these pairs dependent on blocktrades / openledger to stick around ? If we have (bit)USD, why not simply (bit)MUSE? What's the (dis)advantage?

bitMUSE requires additional price feed information and it may lack liquidity at the moment.

Where does the price feed for BTS:TRADE.MUSE come from?

jaran

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Re: MUSE Price Discussion
« Reply #5 on: November 12, 2015, 09:48:57 pm »
Aren't these pairs dependent on blocktrades / openledger to stick around ? If we have (bit)USD, why not simply (bit)MUSE? What's the (dis)advantage?

bitMUSE requires additional price feed information and it may lack liquidity at the moment.

Where does the price feed for BTS:TRADE.MUSE come from?

there are no price feeds on User Issued Assets which TRADE.MUSE is.  Smart Assets such as bitUSD require a price feed so they can be shorted into existence

Offline karnal

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Re: MUSE Price Discussion
« Reply #6 on: November 12, 2015, 09:58:17 pm »
Hmm. Who/what sets the price continuously, in that case?

jaran

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Re: MUSE Price Discussion
« Reply #7 on: November 12, 2015, 10:08:06 pm »
Hmm. Who/what sets the price continuously, in that case?

For Trade.Muse? ? BTS:Trade.Muse is a market where individuals buy/sale Trade.Muse for bts

So the market determines the price of Trade.Muse...

Offline clayop

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Re: MUSE Price Discussion
« Reply #8 on: November 25, 2015, 07:24:57 pm »
Price is being settled around 0.40~0.50 BTS/MUSE.
Trading volume is very low in both markets but TRADE.MUSE:BTS market seems more liquid (and has a higher price)
If you want to buy MUSE, please compare these two markets first.
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Offline tonyk

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Re: MUSE Price Discussion
« Reply #9 on: November 25, 2015, 07:35:47 pm »
How do I short Trade/Open.Muse?
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Erlich Bachman

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Re: MUSE Price Discussion
« Reply #10 on: November 25, 2015, 07:37:45 pm »
it's a UIA, not a pegged asset, so you have to do it the old fashioned way:

borrow some from your trusted friend, sell it on the open market, then return the shares at a later date.
You own the network, but who pays for development?

Offline tonyk

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Re: MUSE Price Discussion
« Reply #11 on: November 25, 2015, 07:38:38 pm »
GreenPoint : openMuse coming soon... nahh they will sell them for BTS
« Last Edit: November 25, 2015, 07:42:38 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline clayop

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Re: MUSE Price Discussion
« Reply #12 on: November 25, 2015, 07:52:32 pm »
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Re: MUSE Price Discussion
« Reply #13 on: November 25, 2015, 08:49:36 pm »
OPENMUSE:OPENBTC market is live :)

https://bitshares.openledger.info/#/market/OPENMUSE_OPENBTC

Once I understood the process, this was awesome. It was seconds to move the OPENMUSE into my Muse wallet.

Offline Riverhead

Re: MUSE Price Discussion
« Reply #14 on: November 25, 2015, 10:23:44 pm »

Muse/BTC might be up on Metaexchange tomorrow. Call it a hunch

Offline clayop

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Re: MUSE Price Discussion
« Reply #15 on: December 08, 2015, 03:15:55 am »
I will put some liquidity on OPENMUSE:BTC market at more reasonable price with 1 BTC worth MUSE.
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Offline Ander

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Re: MUSE Price Discussion
« Reply #16 on: December 08, 2015, 07:04:47 pm »
Maybe all the MUSE that I bought at .15 BTS will eventually save my BTS investment.
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Tuck Fheman

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Re: MUSE Price Discussion
« Reply #17 on: December 08, 2015, 09:23:23 pm »
Maybe all the MUSE that I bought at .15 BTS will eventually save my BTS investment.

y u no get it free like the rest of us?  :P

Offline Ander

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Re: MUSE Price Discussion
« Reply #18 on: December 08, 2015, 09:55:11 pm »
Maybe all the MUSE that I bought at .15 BTS will eventually save my BTS investment.

y u no get it free like the rest of us?  :P

bter still has my 'free' MUSE. 

Have they given any indication of ever honoring those old sharedrops?
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TravelsAsia

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Re: MUSE Price Discussion
« Reply #19 on: December 08, 2015, 09:58:52 pm »
Maybe all the MUSE that I bought at .15 BTS will eventually save my BTS investment.

y u no get it free like the rest of us?  :P

bter still has my 'free' MUSE. 

Have they given any indication of ever honoring those old sharedrops?

BTER support continues to ignore my request to honor these sharedrops.

Offline Riverhead

Re: MUSE Price Discussion
« Reply #20 on: December 09, 2015, 02:16:01 am »



I really want to like BTER. They have been good to BTS in the past and I met a couple of them in China. I think they are struggling with liquidity and are therefore short staffed and just not able to address....much. They haven't made a BTC-B payout since the end of July and there is no sign of any more coming. I remain hopeful but it's challenging.

Tuck Fheman

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Re: MUSE Price Discussion
« Reply #21 on: December 09, 2015, 02:26:35 am »
I really want to like BTER. They have been good to BTS in the past and I met a couple of them in China. I think they are struggling with liquidity and are therefore short staffed and just not able to address....much. They haven't made a BTC-B payout since the end of July and there is no sign of any more coming. I remain hopeful but it's challenging.

In my opinion Bter is the biggest scam still operating in the cryptocurrency ecosystem to date and their death cannot come soon enough.

The only way they can continue to operate is by stealing from the plankton to give to the whales.

Offline Ander

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Re: MUSE Price Discussion
« Reply #22 on: December 09, 2015, 06:20:59 pm »
I really want to like BTER. They have been good to BTS in the past and I met a couple of them in China. I think they are struggling with liquidity and are therefore short staffed and just not able to address....much. They haven't made a BTC-B payout since the end of July and there is no sign of any more coming. I remain hopeful but it's challenging.

In my opinion Bter is the biggest scam still operating in the cryptocurrency ecosystem to date and their death cannot come soon enough.

The only way they can continue to operate is by stealing from the plankton to give to the whales.

Actually I think cryptsy is the biggest scam still running (they are bigger than bter I think).  Well, if you count their current state of not allowing withdrawals in btc and many alts, and everyone trying to get value out of cryptsy at any cost.
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Re: MUSE Price Discussion
« Reply #23 on: December 09, 2015, 07:26:56 pm »
Once we get the the Coinmarketcap api to show accurate information, it will give people a reason to get excited about MUSE. Right now, it's not even showing up in the ranking on Coinmarketcap.  Roadscape mentioned it in the link below.

https://bitsharestalk.org/index.php/topic,20429.msg263562.html#msg263562

Offline clayop

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Re: MUSE Price Discussion
« Reply #24 on: December 09, 2015, 07:31:50 pm »
Once we get the the Coinmarketcap api to show accurate information, it will give people a reason to get excited about MUSE. Right now, it's not even showing up in the ranking on Coinmarketcap.  Roadscape mentioned it in the link below.

https://bitsharestalk.org/index.php/topic,20429.msg263562.html#msg263562

I reported to CMC the api endpoint (http://muse.cryptofresh.com/api/cmc). Hopefully they will fix it soon. Muse is now about 23th or 24th I think.
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Offline clayop

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Re: MUSE Price Discussion
« Reply #25 on: December 14, 2015, 04:56:38 am »
Yunbi price rose up to 0.08 CNY/MUSE and OPENMUES:BTS pair is one of most active market in DEX now (over 600k BTS/24h).

Go MUSE!  :D
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Offline donkeypong

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Re: MUSE Price Discussion
« Reply #26 on: December 14, 2015, 05:06:45 am »
Somebody's scooping them up. January is right around the corner.

Offline clayop

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Re: MUSE Price Discussion
« Reply #27 on: December 15, 2015, 02:51:14 pm »
Someone sold, someone bought. Volume is going up and up. (1761k BTS atm)
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Offline clayop

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Re: MUSE Price Discussion
« Reply #28 on: January 12, 2016, 02:23:58 am »
A lots of buy support exist around 0.21 BTS/MUSE. I think 0.2 will be the bottom.
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Offline Riverhead

Re: MUSE Price Discussion
« Reply #29 on: January 12, 2016, 02:31:23 am »
A lots of buy support exist around 0.21 BTS/MUSE. I think 0.2 will be the bottom.


There has been some dumping lately. Hopefully that will end soon.

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Re: MUSE Price Discussion
« Reply #30 on: January 12, 2016, 02:41:16 am »
A lots of buy support exist around 0.21 BTS/MUSE. I think 0.2 will be the bottom.


There has been some dumping lately. Hopefully that will end soon.

I picked up another 1 BTC on Metaexchange earlier tonight.  I think the dumping is due to impatience which is understandable. There's a lot of good lessons learned from BitShares that we'll be able to implement once the ball gets rolling.  Sometimes I wish there was more transparency on the progress, however, that would probably hurt my ability to buy at these rates.  :P

Offline wallace

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Re: MUSE Price Discussion
« Reply #31 on: January 12, 2016, 02:57:26 am »
MUSE price is kept such a high level just because there's a whale, nothing else. when the whale move out, the price will fall.
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Re: MUSE Price Discussion
« Reply #32 on: January 12, 2016, 03:00:32 am »
MUSE price is kept such a high level just because there's a whale, nothing else. when the whale move out, the price will fall.

Considering there's not even a product yet, I don't know why people are really that concerned. Bust or boom type product, we will see.

Offline donkeypong

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Re: MUSE Price Discussion
« Reply #33 on: January 12, 2016, 04:19:46 am »
MUSE price is kept such a high level just because there's a whale, nothing else. when the whale move out, the price will fall.

Technical observations are basically irrelevant when there is news to trade on. We think news is coming soon with MUSE and that it could be sufficient to significantly affect the price. Therefore, good traders will either: (a) anticipate and trade on that news, or (b) ignore technical signals, sit on the sidelines, and wait.

Offline wallace

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Re: MUSE Price Discussion
« Reply #34 on: January 12, 2016, 06:52:15 am »
MUSE price is kept such a high level just because there's a whale, nothing else. when the whale move out, the price will fall.

Technical observations are basically irrelevant when there is news to trade on. We think news is coming soon with MUSE and that it could be sufficient to significantly affect the price. Therefore, good traders will either: (a) anticipate and trade on that news, or (b) ignore technical signals, sit on the sidelines, and wait.

I think when the news come out is the time the whale almost totally move out.
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Re: MUSE Price Discussion
« Reply #35 on: January 12, 2016, 07:40:34 am »
Also note that if the price of BTS goes any direction .. the price for MUSE (against BTS) will fluctuate as well ..
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Offline donkeypong

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Re: MUSE Price Discussion
« Reply #36 on: January 12, 2016, 04:39:44 pm »
Also note that if the price of BTS goes any direction .. the price for MUSE (against BTS) will fluctuate as well ..

Sometimes, it's quite frustrating to be trading everything against the BTS price rather than something less volatile. Over time, there should be less volatility as volume grows.

Offline bitacer

Re: MUSE Price Discussion
« Reply #37 on: January 13, 2016, 04:51:09 pm »
as of now :


Offline clayop

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Re: MUSE Price Discussion
« Reply #38 on: January 13, 2016, 05:08:54 pm »
Nice!  +5%

I believe that the news is in the pipeline, within this week.
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TravelsAsia

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Re: MUSE Price Discussion
« Reply #39 on: January 13, 2016, 05:22:08 pm »
Nice!  +5%

I believe that the news is in the pipeline, within this week.

I fear these lower prices are coming to an end once news starts flowing, screenshots posted and eventually product rollout. It's a good news bad news situation for a trader.

Offline donkeypong

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Re: MUSE Price Discussion
« Reply #40 on: January 13, 2016, 05:28:32 pm »
Anyone who hasn't taken advantage of the low MUSE prices only has themselves to blame. I thought I was getting NOTEs at fire sale prices back during their fundraiser. Heck, I was donating to AGS back near the beginning of BitShares, buying up PTS also, and my main reason for doing so was to get in on the Music DAC. Since they opened up the MUSE token, we've had months and months of even lower rock bottom sale prices.

I'm not giving investment advice, but this might be your last chance for awhile, people.

Offline Vizzini

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Re: MUSE Price Discussion
« Reply #41 on: January 13, 2016, 05:56:59 pm »

I think when the news come out is the time the whale almost totally move out.

Unless clayop is the whale. He'll probably buy more.
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Offline clayop

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Re: MUSE Price Discussion
« Reply #42 on: January 13, 2016, 06:13:29 pm »

I think when the news come out is the time the whale almost totally move out.

Unless clayop is the whale. He'll probably buy more.
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Re: MUSE Price Discussion
« Reply #43 on: January 13, 2016, 06:24:32 pm »

I think when the news come out is the time the whale almost totally move out.

Unless clayop is the whale. He'll probably buy more.
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It sounds like I have some CATCHing up to do. :)

38PTSWarrior

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Re: MUSE Price Discussion
« Reply #44 on: January 13, 2016, 06:27:38 pm »
Is buying openmuse the same like buying muse?

Edit
I mean the rise of the price, will it be the same?

Offline clayop

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Re: MUSE Price Discussion
« Reply #45 on: January 13, 2016, 06:42:45 pm »
Is buying openmuse the same like buying muse?

Edit
I mean the rise of the price, will it be the same?

OPENMUSE and TRADE.MUSE is 1:1 token of real MUSE. So their prices represent MUSE price.
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Offline donkeypong

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Re: MUSE Price Discussion
« Reply #46 on: January 13, 2016, 07:11:25 pm »
And if you want, you can use CCEDK or Blocktrades to convert from OPEN- and TRADE- to your MUSE wallet. See the deposit/withrawal screen in your BitShares wallet.

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Re: MUSE Price Discussion
« Reply #47 on: January 13, 2016, 07:28:34 pm »

Offline clayop

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Re: MUSE Price Discussion
« Reply #48 on: January 13, 2016, 07:44:40 pm »
There is a little extra liquidity here too

https://bitshares.openledger.info/?r=by24seven#/market/OPENMUSE_TRADE.MUSE

Hmm it seems not make sense since both OPENMUSE and TRADE.MUSE are UIAs (not smartcoins) so they should have the same value.
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Re: MUSE Price Discussion
« Reply #49 on: January 13, 2016, 08:14:00 pm »
There is a little extra liquidity here too

https://bitshares.openledger.info/?r=by24seven#/market/OPENMUSE_TRADE.MUSE

Hmm it seems not make sense since both OPENMUSE and TRADE.MUSE are UIAs (not smartcoins) so they should have the same value.

Two assets with different demand can easily end of with different rate. Its all in the demand and what users aready to pay. I see for instance OPENMUSE sold at 6 to 1 bts, and a little later 2.8 to 1 bts, so tehre has been a lot of change in price today.
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Offline wallace

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Re: MUSE Price Discussion
« Reply #50 on: January 14, 2016, 05:33:54 am »
Anyone who hasn't taken advantage of the low MUSE prices only has themselves to blame. I thought I was getting NOTEs at fire sale prices back during their fundraiser. Heck, I was donating to AGS back near the beginning of BitShares, buying up PTS also, and my main reason for doing so was to get in on the Music DAC. Since they opened up the MUSE token, we've had months and months of even lower rock bottom sale prices.

I'm not giving investment advice, but this might be your last chance for awhile, people.

Good luck
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Offline giant middle finger

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Re: MUSE Price Discussion
« Reply #51 on: January 14, 2016, 06:22:47 am »
so ronny will be the first exchange trading MUSE when it launches, no?

You will get much tradfic like Poliniex did with FCT and Bittrex did with EMC and AMP

Get famous!

38PTSWarrior

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Re: MUSE Price Discussion
« Reply #52 on: January 14, 2016, 09:59:11 pm »
MUSE will go to the roof :-D
In 5 I will have enough money to build a spaceship