Author Topic: Bit20 - The cryptocurrency index fund  (Read 32478 times)

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Offline Fox

Publisher @Fox set MSSR=150%,others 110%,why?
Sorry @天籁 my pricefeed parameter was incorrect and has now been updated to 110% as requested by @EstefanTT. Thank you for noting my oversight.

Point of information: The Graphene default for "maximum_short_squeeze_ratio" is %1500 (150%), so I needed to explicitly supply the requested value within my transaction construction.
Witness: fox

Offline EstefanTT

It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.

It's indeed a good time to short (not an investment advice). The index is trading way above the feed price.
It has it's logic when you consider it has been growing quite steadily since its creation. With that said, I don't believe the price will drop back to the peg. I imagine it will keep trading above but probably not that much above.

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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It is actually a good time to short, since it is traded at over 100% premium from peg. You can short bit20 now, buy underlying altcoins, then wait when bit20 price drop to peg price and settle debt with profit.

Offline EstefanTT

Amazing!! many congrats!  +5%  +5%  +5%

I hope we can find some shorters for this market!

Shorters are coming at the party. Cautiously thought !

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Publisher @Fox set MSSR=150%,others 110%,why?

Nice catch, it's 110. It will be adjusted. Thanks 天籁 !
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline 天籁

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Publisher @Fox set MSSR=150%,others 110%,why?

Offline EstefanTT

Verbaltech2 is now publishing the feed for this index.

Indeed, Thom is then the 3rd witness to publish the price feed. The initial "promotion" where I gave 1% of the future benefit from Bit20 market to each of the 3 first witnesses is now closed.

With 3 witnesses we have enough "decentralisation" and "security" to grow this market to the next level.

Later on we may need more witnesses to publish the price feed in order to have a better public image if the market grow to a certain point. Feel free to send me a email to bittwenty@gmail.com if you wish to support Bit20 and publish the feed.

Special thanks you for Wackou who has been the first witness to publish the feed, quickly followed by Fox and now Thom (verbaltech2) !!!

« Last Edit: December 22, 2016, 06:33:11 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline Thom

Verbaltech2 is now publishing the feed for this index.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline EstefanTT

On the 21st day of every month, Bit20 runs an algorithm that creates its new composition. By this process, it always includes the most promising coins. Some coins appear in the index and others disappear. Some of them gain weight and other lose some of it.

This new composition swap with the previous one without any disturbance of the index price.

We have run this operation today. Here is the new composition of the Bit20 Index Fund:

BTC / 10 % / 0.35831181695703 coins / 799.821 USD
ETH / 10 % / 37.199209735944 coins / 7.70407 USD
LTC / 10 % / 78.238296619253 coins / 3.66298 USD
XMR / 10 % / 33.772219777015 coins / 8.48583 USD
ETC / 10 % / 251.16149806351 coins / 1.14104 USD
DASH / 8.7433342390011 % / 24.658628597813 coins / 10.1616 USD
MAID / 5.2747667050028 % / 1601.6463697779 coins / 0.0943823 USD
XEM / 4.1356821886812 % / 31852.260162871 coins / 0.00372101 USD
STEEM / 3.9711412874907 % / 810.28584634357 coins / 0.140453 USD
REP / 3.8166925154033 % / 38.930540199065 coins / 2.80964 USD
ICN / 3.5079674915334 % / 307.90518157442 coins / 0.326507 USD
FCT  / 3.1909651978308 % / 30.978867219368 coins / 2.95196 USD
DOGE / 2.8887791504422 % / 380021.98060263 coins / 0.000217851 USD
WAVES / 2.6213206871199 % / 353.91400180968 coins / 0.212264 USD
XLM / 2.4693787079238 % / 24496.278131841 coins / 0.00288896 USD
DGD / 2.3290265860039 % / 7.0782800361936 coins / 9.42976 USD
PEERPLAYS / 2.3032139917805 % / 3.5391400180968 coins / 18.6505 USD
LSK/ 1.8395816647623 % / 356.73730553889 coins / 0.147783 USD
GAME / 1.5350986397995 % / 210.33401465615 coins / 0.209161 USD
EDR / 1.3730509472244 % / 48.208871895696 coins / 0.816232 USD

The composition is sent in the BitShares Blockchain so the witnesses can read it and publish the price in the decentralised exchange. Here it is :

http://cryptofresh.com/tx/14d715654ce5b724f4c27dd54982a84ee1d72c2f

Don't hesitate anymore and have a look on the Bit20 market : BitShares Decentralised Exchange pair (BTWTY : BTS)

You'll find on the website the composition with the updated price of each coin and the total value of the index



(BitShares almost make it but yesterday it went out of the index just before the revision happened ... next time, we'll be there !!!)
« Last Edit: December 23, 2016, 04:20:03 pm by EstefanTT »
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline DestBest

BitShares French ConneXion, le portail francophone BitShares.
BitShares French ConneXion, the BitShares french gateway.
www.bitsharesfcx.com

Offline compumatrix


Offline EstefanTT

Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

There are already some. Btsbot reference price is a bit off now, but it will hopefully adjust. I feel that this coin is going to be successful.

It's a good feeling to have .. both for BitShares and Bit20  ;)
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline yvv

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Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

There are already some. Btsbot reference price is a bit off now, but it will hopefully adjust. I feel that this coin is going to be successful.

Offline EstefanTT

Looking forward to hound my btsbot on it.

I would love to see a trading bot on this market  +5% +5% +5%

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline EstefanTT

Amazing!! many congrats!  +5%  +5%  +5%

I hope we can find some shorters for this market!

There are already some ;p



http://cryptofresh.com/a/BTWTY
Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)