Author Topic: We should all be force settling for profits: A how to guide  (Read 6846 times)

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Offline btstip

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Hey Tuck Fheman, here are the results of your tips...
Curious about BtsTip? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Created by hybridd

Tuck Fheman

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#sharebits "JohnnyBitcoin" 5 FISTBUMP
#sharebits "JohnnyBitcoin" 1 GREATIDEA
#sharebits "JohnnyBitcoin" 5 PERCENT
#sharebits "JohnnyBitcoin" 1 HIGHFIVE
#sharebits "JohnnyBitcoin" 100 TIPSHARES
#sharebits "JohnnyBitcoin" 1 WISERTHANTRANSWISER

unreadPostsSinceLastVisit

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The only market other than CNY that I could find where the settlement price was higher than the market price was SILVER.

Bought a little. Settlement turned off. Lost a little bit of BTS. Awesome.

Edit: just realized I was looking at the market backwards.

Edit again: Wow. I created a  +5% change the silver market.

Edit again: then sold and -20%. I am a silver whale.

I think thats about enough of deviating from your advice about which markets to focus on. But at least I know what to look for now.
« Last Edit: December 01, 2015, 05:54:43 pm by merockstar »

Offline btstip

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Hey merockstar, here are the results of your tips...
Curious about BtsTip? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Created by hybridd

unreadPostsSinceLastVisit

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Thank you! This really helped solidify my understanding of the current situation more.

#sharebits "jonnybitcoin" 100 GREATIDEA
« Last Edit: December 01, 2015, 05:27:20 pm by merockstar »

Offline maqifrnswa

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If you think a premium to buy a smartcoin is outrageously high, short it.

And what is a criterion for "outrageously high"? :)

That's for the market (and every individual player) to decide  ;D
Me, personally, I'd guess 10% or more until liquidity improves and SQP goes to 100%. Which is about what the market is at in general.
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Offline fav

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bloody brilliant.
Great voice.
Great info.
It's the best kind of marketing we can do right now.

Just PMed you.


agreed! share this video

http://blog.smartcoin.pw/2015/12/bitshares-how-to-make-profit-on-dex.html

Offline btstip

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Hey rgcrypto, here are the results of your tips...
Curious about BtsTip? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Created by hybridd

Offline rgcrypto

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bloody brilliant.
Great voice.
Great info.
It's the best kind of marketing we can do right now.

Just PMed you.


#sharebits "JonnyBitcoin" 100 THANKYOU
#sharebits "JonnyBitcoin" 100 BTS

Offline BunkerChainLabs-DataSecurityNode

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clout

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I don't understand how Transwiser lost money from the forced settlement. The settlement price is 0.99 of the feed right? How does that prevent Transwiser from operating with a near 1:1 conversion?

Xeldal

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Offline yvv

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If you think a premium to buy a smartcoin is outrageously high, short it.

And what is a criterion for "outrageously high"? :)

Offline maqifrnswa

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Excellent!

JonnyyBitcoin, good to finally "meet" you -- my bots have been trading with you, I actually got an alert from one saying you may have been trying to manipulate the BTC market when you were buying bitBTC like crazy while the market was so thin. When I investigated, I saw you were a "true believer" and your trades were aggressive but followed a rational strategy. I was afraid you were trying to drive it to a blackswan, but that would have hurt you more than you would have gained based on your positions.

We need more people like you that are trading and actually know the system, thank you for sharing.

Here are some more tips for everyone to generate profit and to keep BitShares working efficiently:
1) Sell high
2) buy low
3) never sell an asset for less than it can be settled for
4) if you can buy an asset for less than it can be settled then buy the assets and settle.
5) If you think a premium to buy a smartcoin is outrageously high, short it. While SQP exists, make sure you load up on collateral to compensate.

For all the gold bugs:
Forced settlement is both the "gold standard" and the "federal reserve." It is the "gold standard" since you can always redeem your smartcoin for the equivalent value in something else. It is the "federal reserve" since it incentivizes the destruction of smartcoins when supply exceeds demand such that value is maintained. What (fiat) currency in the world exists without either a "gold standard" or a "federal reserve?"
« Last Edit: December 01, 2015, 03:15:23 pm by maqifrnswa »
maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

Offline lzr1900

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傻逼

instead of attacking someone, you should invest your time in trying to understand how smartcoins work. seems like some of you have the wrong image about them
你更傻逼 小毛孩 别说的自己很懂 其实就是个傻屌