Author Topic: why not borrowing?  (Read 9759 times)

0 Members and 1 Guest are viewing this topic.

Offline R

  • Hero Member
  • *****
  • Posts: 841
    • View Profile
I prefer the Norns over FIAT pegged bitassets. 👍

Offline binggo

  • Hero Member
  • *****
  • Posts: 2363
  • 世间太多瘪犊子
    • View Profile
Some come to bitCNY  8)

Offline bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1912
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
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 »