Author Topic: AVG2907 dumping price massivly ?  (Read 10535 times)

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Offline abit

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zulus2938
dhetra9283
Most of the USDT come from openledger-wallet and openledger-dex

not one person
It's not the USDT that matters, it's the bitUSD that matters. OpenLedger is only a gateway.

The trader sells BTS for BTC at Poloniex and then sells BTC for USDT, then deposits USDT to the Dex via OpenLedger. To implement the loop, need some people to sell bitUSD to him for USDT.


Quote
3M BTS can dump the price down 5.6%,  so perfect.
It looks like a flaw in the design of MPA that it's possible to dump 3M BTS to trigger margin call of 30M of BTS. My solution to this flaw was BSIP42: do not trigger margin calls when it's "unfair", either by reducing MCR or by feeding higher price. However, in a down trend, this solution may increase the possibility of a black swan event, which is again decided by the trading price regardless of liquidity or volume thus suffers the same flaw. On the other hand, it's hard to judge what's "fair", whether the reason to "protect" the debt position holders is strong enough.

Obviously, there is lack of incentive for traders to buy BTS. We need to attract capital to buy BTS, which is the only way to prevent the price from dropping. So the question become: what are the reasons for people to buy BTS or to hold BTS? How to value the BTS token, and how to add value to it? On this topic, I wrote some thoughts recently:
* https://github.com/bitshares/bsips/issues/194
* https://github.com/bitshares/bsips/issues/191
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Offline bench

First step:
Implement this BSIP:https://github.com/bitshares/bsips/issues/161

Third step:
Implement these BSIP:
https://github.com/bitshares/bsips/issues/164
https://github.com/bitshares/bsips/issues/194
Why are you so ignorant ? Adding a penalty to margin positions with a margin call fee, does the exact opposite. Suppresses price further.

The solution is already in front of you, but you are blind:
https://github.com/bitshares/bsips/issues/182
Be part of the change and vote for the bitshares-vision proxy!

Offline binggo

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Again dump on poloniex which caused again the price drop.

On huobi you can see somebody is trying to add sellpressure using 250k BTS without selling them

They are waiting the price feed down.

Yes thats why a OMO fund on DEX only has no sense as attacks are being executed on CEX.

I will give some solutions:

First step:
Implement this BSIP:https://github.com/bitshares/bsips/issues/161

Second step:
Change the price feed rule; maybe i will give the details.

Third step:
Implement these BSIP:
https://github.com/bitshares/bsips/issues/164
https://github.com/bitshares/bsips/issues/194

Forth setp:
Use the market fee of bitasset and the fees from third step as a fund.

The fund will buy GDEX.BTC or OPEN.BTC, and will maintain the price in the market GDEX.BTC/BTS or OPEN.BTC/BTS when the price was dump down .

Offline bench

Yes thats why a OMO fund on DEX only has no sense as attacks are being executed on CEX.
At least not in the current form. Which modifications should we do?
Be part of the change and vote for the bitshares-vision proxy!

Offline binggo

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Again dump on poloniex which caused again the price drop.

On huobi you can see somebody is trying to add sellpressure using 250k BTS without selling them

They are waiting the price feed down.

Yes thats why a OMO fund on DEX only has no sense as attacks are being executed on CEX.

I think you need this:
https://trans.bitkk.com/lever/btsqc
« Last Edit: September 01, 2019, 11:26:49 am by binggo »

Offline Thul3

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Again dump on poloniex which caused again the price drop.

On huobi you can see somebody is trying to add sellpressure using 250k BTS without selling them

They are waiting the price feed down.

Yes thats why a OMO fund on DEX only has no sense as attacks are being executed on CEX.

Offline binggo

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Again dump on poloniex which caused again the price drop.

On huobi you can see somebody is trying to add sellpressure using 250k BTS without selling them

They are waiting the price feed down.

Offline Thul3

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Again dump on poloniex which caused again the price drop.

On huobi you can see somebody is trying to add sellpressure using 250k BTS without selling them



Here next bigger dump coming

http://bts.ai/u/avg2907
« Last Edit: September 01, 2019, 10:16:14 am by Thul3 »

Offline binggo

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zulus2938
dhetra9283
Most of the USDT come from openledger-wallet and openledger-dex

not one person

very clever, know to dump every market
https://bts.ai/u/poloniexwallet

3M BTS can dump the price down 5.6%,  so perfect.
« Last Edit: September 01, 2019, 10:00:46 am by binggo »

Offline binggo

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LOL
Is this your argument ?

I don't want any argument, anyone have their thought, think what they do or think is the right way.
« Last Edit: September 01, 2019, 01:03:26 am by binggo »

Offline R

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Offline bitstopia2049

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AVG moving again 2 million BTS to poloniex.From there again bigger amount to Binance.
The true is, we can't stop him.

Maybe he like to do these thing.

A liquid market of major assets and arbitrage bot could stop it.
In my opinion a key factor for bitshares to stop these dumps and create real price support.
Getting active instead of waiting.

cross post in Marketing thread
https://bitsharestalk.org/index.php?topic=28861.msg334841#msg334841


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Offline bench

Be part of the change and vote for the bitshares-vision proxy!

Offline Ammar Yousef (ioBanker)

but i think we need these BSIP to prevent this kind price crash and give DEX some free:

https://github.com/bitshares/bsips/issues/194
https://github.com/bitshares/bsips/issues/161
https://github.com/bitshares/bsips/issues/164

None of your proposed BSIP does solve our problems.

Solutions:
1. Optimize price feeds
2. Increase liquidity
- CEX/DEX arbitrage
- margin position liquidity pool
3. Introduce a gab between MCR and margin calls
- MCR = 1.55 and margin calls only for CR < 1.45

These are most.
Be part of the change and set bitshares-vision as your proxy!
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Offline zhouxiaobao

I hope all witnesses will adopt the principle of maximum price.

That is mean, between the different exchange prices, the higher price is used as the feeding price.

This prevents whales from shorting at a very low cost on a single exchange.