Author Topic: make sure margin call price lower than market price at least 2%  (Read 372 times)

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Online alt

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make sure margin call price lower than market price at least 2%
« on: December 05, 2018, 08:28:33 pm »
it's has been many days since BSIP42 be voted out,
you witness please stop manipulation the price, at least you need to make sure margin call sell price must lower than real market price at least 2%,
then the margin call order can be eatern, or maybe another black swan from BITCNY will comming soon.

Online zhouxiaobao

Re: make sure margin call price lower than market price at least 2%
« Reply #1 on: December 06, 2018, 02:29:11 am »
Please don't do that,it  well make BTS die.

Online gghi

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Re: make sure margin call price lower than market price at least 2%
« Reply #2 on: December 06, 2018, 02:33:25 am »
Lower feeding prices, so-called digestion of explosive warehouse receipts, release of risk is the wrong guiding ideology. The consequence is that all the mortgagees are injured or even destroyed, and CNY flows are exhausted! uuuuuuuuuu Don't be afraid of CNY devaluation, don't worry about CNY devaluation, any currency has devaluation, especially in the economic contraction, currency devaluation is wise.
The accumulation of BTS risk is due to the low MCR and the high leverage of players, resulting in the accumulation of a large number of risks during the upstream period of the market. Only by tackling the problem of risk accumulation at the root can we gradually improve MCR and reduce players'leverage.

Online gghi

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Re: make sure margin call price lower than market price at least 2%
« Reply #3 on: December 06, 2018, 02:38:16 am »
Look back at this discussion. Many people rejected BSIP42 altogether. Feeding reform did not achieve the desired goal, or perhaps accelerated the market contraction. This is not the inevitable result of the feed reform. The biggest problem is that CNY cannot be allowed to depreciate during the downturn of the market. In fact, if CNY is allowed to depreciate by 10%, there will be no such bad consequences. In other words, if CNY is allowed to keep its feed price unchanged at less than 10% depreciation, it may succeed.
An increase in feeding prices is equivalent to a simultaneous reduction in MSSR and MCR, which can significantly reduce market burst orders during market declines. As for risk release, releasing risk is actually putting more pressure on the already weak downstream market, which makes it worse.  The degree of risk release should be without the occurrence of burst warehouse receipt pressure plate.
Risk accumulation should be prevented during peacetime and market rise, so players'leverage should be reduced, because high leverage will undoubtedly accumulate more risks. This fundamental precaution must gradually improve MCR, as long as the market does not accumulate a large amount of risk during the period of market rise, there is no need to digest burst warehouse receipts during the period of market downturn.
MCR must be reformed, but the direction of reform is to continuously improve MCR, not to adjust between 1.25 and 2. It is suggested that a long-term mechanism should be established to gradually increase MCR, at least in the range of 3-5 or more. At the same time, we must keep the feeding price rising.

Online alt

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Re: make sure margin call price lower than market price at least 2%
« Reply #4 on: December 06, 2018, 03:08:56 am »
when BTS's price for CNY is 0.28, the witness's feed price is 0.32, so margin call order can be selled at 0.29, 3% higher than normal,
this will push bitCNY to blackswan again,
please unvote these witness who give the unreasonable feed price:

winess.hiblockchain
delegate.freedom
elmato
xeldal
roelandp
fox
witness.yao
witness.still
gdex-witness
crazybit
xn-delegate
abc123
xman


Online alt

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Re: make sure margin call price lower than market price at least 2%
« Reply #5 on: December 06, 2018, 03:26:23 am »
and these witness still didn't provide feed price:
verbaltech2
rnglab
delegate-1.lafona
clockwork
openledger-dc

Offline binggo

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Re: make sure margin call price lower than market price at least 2%
« Reply #6 on: December 06, 2018, 03:41:39 am »
i don't think it's a good time to low the price than the market price,  the time it is not right.

Online alt

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Re: make sure margin call price lower than market price at least 2%
« Reply #7 on: December 06, 2018, 03:43:58 am »
i don't think it's a good time to low the price than the market price,  the time it is not right.
what's the right time?
what if the price continue decrease?

Offline ljk424

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Re: make sure margin call price lower than market price at least 2%
« Reply #8 on: December 06, 2018, 05:27:17 am »
i don't think it's a good time to low the price than the market price,  the time it is not right.
what's the right time?
what if the price continue decrease?
用杀人的方法治病,你很优秀。只管把病消除,不管病人死活。表面上看着像个医生,其实就是个一心想吃尸体的饿鬼

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Re: make sure margin call price lower than market price at least 2%
« Reply #9 on: December 06, 2018, 10:44:03 am »
Interesting situtation here.

One party is short and tries its best to ensure bitCNY maintains value to grow BitShares as business
The other party is long and tries to profit from margins being called to make a profit.

Fortunately, those with voting power see that as well and pick the way that keeps value for BitShares as a network.
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Online alt

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Re: make sure margin call price lower than market price at least 2%
« Reply #10 on: December 06, 2018, 11:05:15 am »
Interesting situtation here.

One party is short and tries its best to ensure bitCNY maintains value to grow BitShares as business
The other party is long and tries to profit from margins being called to make a profit.

Fortunately, those with voting power see that as well and pick the way that keeps value for BitShares as a network.
You are really ignorant, free market need no good or bad except fair rule.
your ignorant already make bitUSD black swan.
you need to know debt have to be margin call when price drop, whatever you are a good person or a bad person.
so what's your plan? watch the price drop but still refuse to pay the debt? you are such a good person?

Offline clockwork

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Re: make sure margin call price lower than market price at least 2%
« Reply #11 on: December 06, 2018, 01:18:51 pm »
and these witness still didn't provide feed price:
verbaltech2
rnglab
delegate-1.lafona
clockwork
openledger-dc

I have resumed USD feeding and will be resuming CNY feedign soon once I get gs protection sorted out

Offline Yao

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Re: make sure margin call price lower than market price at least 2%
« Reply #12 on: December 07, 2018, 05:35:50 am »
witness.yao now switch to feed the real price and set the feed price floor limit:
Quote
min_safe_price = global_settlement_price * ((mssr + global_settlement_protection) / 100.0)
global_settlement_protection=2.5

For bitCNY, my position has been to try to adjust the MSSR to 105%. Such as the views discussed earlier:
Quote
https://bitsharestalk.org/index.php?topic=26928.msg321049#msg321049
https://bitsharestalk.org/index.php?topic=26315.msg321184#msg321184

My position now is:
1. For bitCNY, only adjust the MSSR to 105%, and the other to the market. By adjusting the MSSR from 1.10 to 1.05, the number of BTS sold by Margin Call will be reduced by 5%, and the selling price will increase by 5%, and the arbitrageur will still have a 5% profit. I think that the ±5% premium discount is not a big problem for the current stable currency application scenario: the current stable currency is mainly used as a hedging tool for digital currency investors to avoid falling risks, even as a deposit and Withdrawal channel, premium discount bitCNY still has the same purchasing power. Only when applied to the merchant accepting the payment scenario of bitCNY, it is necessary to accurately anchor the RMB value.

2. In the past five years, the community has placed its focus on SmartCoins, and hopes that bitCNY will achieve a breakthrough, and other ecological developments will be almost zero, making the price of BTS deeply bound to the fate of bitCNY. At the same time, most of the bitCNY mortgaged directly bought the BTS, pushing up the overall leverage of the BTS: bitCNY market, helping to boost the BTS price, the bull market is like a rocket booster, and the bear market is like a meat grinder.

In contrast, the stable currency DAI built on Ethereum, because the price of ETH is determined by the ecology of Ethereum, the development of DAI has almost no effect on the price of ETH, so it is more smooth than the development of bitCNY.

The BitShares community needs to re-examine the development strategy. We should pay attention to the development of other application scenarios, let the ecology bloom, and let more products and application scenarios support the price of BTS. At that time, the development of SmartCoins could be achieved. In addition to current features (such as account system, account permissions hierarchical control, Multi-Hierarchical Flexible Multi-Signature, Memo, whitelist and blacklist, User Issued Assets, Decentralized Exchange, Proposed Transactions, 3 seconds to pack a block, 1.5s average transaction confirmation time, etc., there can be many applications in any combination. The scene can be developed), bsip43, bsip44 are all worth promoting.



1、对于bitCNY,仅调整MSSR为105%,其它的交给市场。MSSR从1.10调整到1.05,Margin call 卖出的BTS数量会减少5%,而且卖价也会上升5%,套利者依然有5%的利润。我认为±5%的溢价折价对于目前稳定币的应用场景来讲没什么大问题:目前稳定币主要是作为数字货币投资者规避下跌风险的避险工具,即使是作为Deposit和Withdrawal通道,溢价折价的bitCNY依旧有同样的购买力。只有应用于商家接受bitCNY的支付场景的时候需要精准锚定人民币价值。

2、过去5年,社区把重心完全放在了SmartCoins上,寄希望于bitCNY实现异军突围,其它生态发展几乎为零,使得BTS的价格与bitCNY的命运深度绑定。同时抵押借出的bitCNY绝大大部分直接买入了BTS,推高了BTS:bitCNY市场的整体杠杆,助涨助跌BTS价格,牛市犹如火箭助推器,熊市犹如绞肉机。

反观构建于Ethereum的稳定币DAI,因为ETH价格是由Ethereum的生态决定的,DAI的发展对ETH价格几乎没有影响,所以相比bitCNY的发展更顺风顺水。比特股社区需要重新审视发展战略,我们应该重视其它应用场景的开发,让生态全面开花,让更多的产品和应用场景支撑BTS的价格。那时,SmartCoins的发展才能水到渠成。

除了目前的功能(比如账户体系、账户permissions分级控制、Multi-Hierarchical Flexible Multi-Signature、Memo、白名单和黑名单、User Issued Assets、Decentralized Exchange、Proposed Transactions、3秒打包一个块、1.5s平均交易确认时间、……等等,任意组合就可以有很多种应用场景可以开发),bsip43、bsip44都是值得推进的提案。
« Last Edit: December 07, 2018, 07:05:07 am by Yao »
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Offline WDCBTS

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Re: make sure margin call price lower than market price at least 2%
« Reply #13 on: December 08, 2018, 05:18:40 am »
it's has been many days since BSIP42 be voted out,
you witness please stop manipulation the price, at least you need to make sure margin call sell price must lower than real market price at least 2%,
then the margin call order can be eatern, or maybe another black swan from BITCNY will comming soon.
The truth  is very simple, no one wants to admit that they have failed to borrow money from the system to gamble. The current rules allow them, but they do not want to be responsible for their actions.

Offline xeroc

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Re: make sure margin call price lower than market price at least 2%
« Reply #14 on: December 08, 2018, 11:14:33 am »
All bids are listed here as well:
http://bitassets.bitshares.eu/#/USD
I'll try to find some time to add a "progress bar"-kind of visualization to it
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