Author Topic: MUSE Price Discussion  (Read 4754 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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TravelsAsia

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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