Author Topic: why not borrowing?  (Read 2203 times)

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Offline bitcrab

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why not borrowing?
« on: June 09, 2019, 06:39:34 am »
as shown below, some top whales has big amount of BTS and 0 debt.

I just wonder what kind of thoughts lead to this? do they all hold the policy that "buy while cheap and sell while expensive, do not borrow"?

bitUSD is still in big shortage and has a 2%+ premium, it will be good for more stake holder to borrow bitUSD and release(via buying BTS or others) to the market, right?

in the past, it seems the  "buy while cheap and sell while expensive, do not borrow" policy behaved well, "shorts and buy back" policy behaved even better, right?

we have done a lot change to make the rules more friendly to longs, help the system to resist shorting attack.

Target CR, MSSR reduction.

I hope these changes will make "borrow and buy" policy better than the "0 debt" policy.

if when bitUSD is in such a big shortage and high premium but only few users want to borrow bitUSD and release to the market, it's hard to say the changes succeed.





« Last Edit: June 09, 2019, 07:01:42 am by bitcrab »

Offline binggo

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Re: why not borrowing?
« Reply #1 on: June 09, 2019, 10:43:17 am »
Some come to bitCNY  8)

Offline Customminer

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Re: why not borrowing?
« Reply #2 on: June 09, 2019, 12:56:09 pm »
I prefer the Norns over FIAT pegged bitassets. 👍

Offline iamredbar

Re: why not borrowing?
« Reply #3 on: June 09, 2019, 01:10:33 pm »
I don’t think that it is a whales job to accumulate debt. That is actually the opposite of being financially responsible (in a personal sense).

To me, this is sort of like saying: You have a million USD, you should go get a collateralized loan so the bank has more money to use.
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Offline bitcrab

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Re: why not borrowing?
« Reply #4 on: June 09, 2019, 02:49:01 pm »
You have a million USD, you should go get a collateralized loan so the bank has more money to use.

Yes, that's the logic for the smartcoin economy to become prosperous.

surely this is not saying "responsibility" or "job", it's saying there is incentive for whales to do so.

and it seems few are interested in doing so, it's somehow disappointing.

I plan to contact more rich persons and try to lobby them to become smartcoin producers.

it's very possible that some time in recent future the chance to buy big amount of BTS under 0.5CNY will disappear, will you feel regret?
« Last Edit: June 09, 2019, 03:03:41 pm by bitcrab »

Offline bitstopia2049

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Re: why not borrowing?
« Reply #5 on: June 09, 2019, 10:00:15 pm »
You have a million USD, you should go get a collateralized loan so the bank has more money to use.

Yes, that's the logic for the smartcoin economy to become prosperous.

surely this is not saying "responsibility" or "job", it's saying there is incentive for whales to do so.

and it seems few are interested in doing so, it's somehow disappointing.

I plan to contact more rich persons and try to lobby them to become smartcoin producers.

it's very possible that some time in recent future the chance to buy big amount of BTS under 0.5CNY will disappear, will you feel regret?

The images did not display properly ?

I would guess that the whales would produce more smart coins if they can be convinced that the demand will continue to grow
along with this current (BTC) somewhat bullish market sentiment and make it worthwhile for them over the longer term..

I sent a PM to you with an idea to grow demand

Offline Thul3

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Re: why not borrowing?
« Reply #6 on: June 09, 2019, 11:12:13 pm »
Quote
this current (BTC) somewhat bullish market sentiment

Where do you see a bullish market sentiment ?

Weekly candle just confirmed of trend change



Also the use case of bitassets is currently very limited with big spreads when you watch major assets volume against bitassets.
BitCNY on a major CEX with cross trading and mirrored offers via DEXbot (on DEX,ZB,AEX and major CEX) could make a big diffrence making these bitassets more attractive again closing the gap and increasing the volume and liquidity.
« Last Edit: June 09, 2019, 11:25:54 pm by Thul3 »

Offline binggo

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Re: why not borrowing?
« Reply #7 on: June 09, 2019, 11:25:21 pm »
The key point is how to use it after borrowing out?

Buy bts or other token?

Lend it?how?


Offline bitcrab

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Re: why not borrowing?
« Reply #8 on: June 10, 2019, 01:12:39 am »
The key point is how to use it after borrowing out?

Buy bts or other token?

Lend it?how?

add leverage to buy more BTS
sell BTS to reduce leverage.
based on the judgement of the market trend.

Offline bitcrab

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Re: why not borrowing?
« Reply #9 on: June 10, 2019, 01:40:04 am »

Where do you see a bullish market sentiment ?

Weekly candle just confirmed of trend change

Also the use case of bitassets is currently very limited with big spreads when you watch major assets volume against bitassets.
BitCNY on a major CEX with cross trading and mirrored offers via DEXbot (on DEX,ZB,AEX and major CEX) could make a big diffrence making these bitassets more attractive again closing the gap and increasing the volume and liquidity.

in your eyes anytime the market is in down trend and we shouldn't do anything until the up trend come.

some CEXs has adopted CNY as base currency but suffered the shortage of bitCNY and finally unlisted it.

currently the key task is to guarantee the bitCNY supply.

Offline binggo

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Re: why not borrowing?
« Reply #10 on: June 10, 2019, 01:50:37 am »
Lend it maybe better for the big holder.

add leverage to buy more BTS
sell BTS to reduce leverage.
based on the judgement of the market trend.

Offline bitcrab

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Re: why not borrowing?
« Reply #11 on: June 10, 2019, 03:02:41 am »
Lend it maybe better for the big holder.

add leverage to buy more BTS
sell BTS to reduce leverage.
based on the judgement of the market trend.

not easy to say which is better, the key point is how to control the risk via adjusting leverage, either lending or buying more BTS you have to face hand handle this problem.


Offline bitstopia2049

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Re: why not borrowing?
« Reply #12 on: June 10, 2019, 04:31:19 am »
Quote
this current (BTC) somewhat bullish market sentiment

Where do you see a bullish market sentiment ?

Weekly candle just confirmed of trend change



Also the use case of bitassets is currently very limited with big spreads when you watch major assets volume against bitassets.
BitCNY on a major CEX with cross trading and mirrored offers via DEXbot (on DEX,ZB,AEX and major CEX) could make a big diffrence making these bitassets more attractive again closing the gap and increasing the volume and liquidity.


Frankly ..I don't put too much weight behind TA (technical analysis)...because at then end of the day..it's all a reflection of mass psychology... that's why $billions are spent on advertising every day..

how else does one explain the valuation of Dogecoin(#29) while BTS is (#51).... or CryptoKitties..

I think social, economic, financial and politcal events will impact price more than anything else...

You never know what kind of motivation will move markets...

 https://bitcoinist.com/how-the-mega-rich-buy-their-bitcoin

https://bitcoinist.com/bitcoin-exchange-site-traffic-may-coinbase-binance/

Offline Thul3

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Re: why not borrowing?
« Reply #13 on: June 10, 2019, 07:19:30 am »
Quote
in your eyes anytime the market is in down trend and we shouldn't do anything until the up trend come.

some CEXs has adopted CNY as base currency but suffered the shortage of bitCNY and finally unlisted it.

currently the key task is to guarantee the bitCNY supply.

No, that is your claim.Its a reason why some people don't borrow currently.I'm  fully in stablecoin and observing some bigger players who do borrow i also saw they exchanged part of their debt to stablecoins.

I agree that main focus should be now to provide supply of stable coins but we have also to accept that current stable coins can be mainly only used to buy directly BTS.
First goal should be to make stable coins more attractiv to be able to buy other major coins anytime at market prices and giving holders of stable coins the possibility to use it on diffrent exchanges with small spread in prices.



Quote
Frankly ..I don't put too much weight behind TA (technical analysis)...because at then end of the day..it's all a reflection of mass psychology... that's why $billions are spent on advertising every day..

how else does one explain the valuation of Dogecoin(#29) while BTS is (#51).... or CryptoKitties..

I think social, economic, financial and politcal events will impact price more than anything else...

You never know what kind of motivation will move markets...

 https://bitcoinist.com/how-the-mega-rich-buy-their-bitcoin

https://bitcoinist.com/bitcoin-exchange-site-traffic-may-coinbase-binance/


1.Leverage via stablecoins which makes BTS more volatile.It also means that BTS will rise way quicker in an uptrend than dodgecoin .
2.Way better marketing and adoption of dodgecoin.For me it currently seems bitshares oversleept marketing and adoption compared to other coins which it needs now to catch up quickly.

A good refference point is DAI.
How does it come that DAI is already listed everywhere where bitshares or its stablecoins try to get implemented?

Since you don't care about major TA signals what event is bitshares going to produce in next 30 days which in your opinion will impact the price more than major trends ?
I'm asking cause i do also belive that some events are stronger than market trends.
« Last Edit: June 10, 2019, 07:35:43 am by Thul3 »

Offline bitcrab

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Re: why not borrowing?
« Reply #14 on: June 10, 2019, 12:25:16 pm »
the smartcoin supply cannot even satisfy the needs for trading with BTS, how to supply them for trading with others?

the problem of bitCNY is different with DAI, because ETH has a much bigger market cap than BTS, so 2% ETH as collateral can make DAI close to over supplied. how can bitCNY to get this?

we need first to make BTS price to go above 6 CNY and then can talk the smartcoin economy. can talk bitCNY adoption in otherwhere.

I'll let you know that you do not always have chance to buy so cheap BTS.

current BTS is not so volatile as before.