Author Topic: worker for market cap management?  (Read 784 times)

0 Members and 1 Guest are viewing this topic.

Online bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1629
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
worker for market cap management?
« on: October 01, 2019, 05:32:16 am »
I am not talking about OMO, but another scenario:

A rich man/trader can pull BTS price to above 1CNY, however, he will do that only when he get 5M BTS as reward.

Is it possible to get this 5M BTS from worker and pay him for doing that?

Market cap management worker
daily pay:100K BTS, 3 months. committee-account as escrow.

when BTS price is pulled to above 0.6CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 0.8CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 1CNY and stay for more than 72 hours, pay the left 2M BTS to the worker owner.

this protocol will applied in 2 months, after that the left BTS will be refunded.

Thoughts?


 

Offline pc

  • Hero Member
  • *****
  • Posts: 1506
    • View Profile
    • Bitcoin - Perspektive oder Risiko?
  • BitShares: cyrano
Re: worker for market cap management?
« Reply #1 on: October 01, 2019, 05:47:22 am »
So we're officially paying for a P&D?
Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2 http://bitcoin.quisquis.de

Offline sschiessl

Re: worker for market cap management?
« Reply #2 on: October 01, 2019, 06:18:35 am »
1. That is a Pump scheme that immediately enables that rich trader to dump all his other or anyone else's BTS for massive profit. A predictable and publicly announcment price increase is inviting too many malicious players

2. The committee-account has proven to not be a suitable escrow account as rules have been bent and re-defined without public discussion or re-approval. If it takes on a new worker, I would like to see confirmation of every single committee member accepting this responsibility

Online bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1629
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
Re: worker for market cap management?
« Reply #3 on: October 01, 2019, 06:28:27 am »
1. That is a Pump scheme that immediately enables that rich trader to dump all his other or anyone else's BTS for massive profit. A predictable and publicly announcment price increase is inviting too many malicious players

right.

so I feel the rich man may not accept the "stay above for more than 72 hours" condition.

This is a game which is more suitable for playing in dark, not in public.
« Last Edit: October 01, 2019, 06:30:01 am by bitcrab »

Offline clockwork

  • Committee member
  • Sr. Member
  • *
  • Posts: 365
    • View Profile
  • BitShares: clockwork
Re: worker for market cap management?
« Reply #4 on: October 01, 2019, 06:41:06 am »
1. That is a Pump scheme that immediately enables that rich trader to dump all his other or anyone else's BTS for massive profit. A predictable and publicly announcment price increase is inviting too many malicious players

right.

so I feel the rich man may not accept the "stay above for more than 72 hours" condition.

This is a game which is more suitable for playing in dark, not in public.

This is a game not suitable playing period.

Stop trying to make BTS even more of a scam than it's already perceived to be.

Do you know what people including us would say about an asset that used reserve/investor funds to pump its own price up?

Stop trying to take shortcuts and turning BTS into a get rich quick scheme. Add value the old fashioned way.

Online bitcrab

  • Committee member
  • Hero Member
  • *
  • Posts: 1629
    • View Profile
  • BitShares: bitcrab
  • GitHub: bitcrab
Re: worker for market cap management?
« Reply #5 on: October 01, 2019, 07:15:03 am »

This is a game not suitable playing period.

Stop trying to make BTS even more of a scam than it's already perceived to be.

Do you know what people including us would say about an asset that used reserve/investor funds to pump its own price up?

Stop trying to take shortcuts and turning BTS into a get rich quick scheme. Add value the old fashioned way.

just discuss something, what does "scam" come from?

we need BTS to be in high price, then the smartcoin can serve more scenario.

stop pretending to be nobility.


Offline chigbolu

  • Newbie
  • *
  • Posts: 16
    • View Profile
  • BitShares: vnc-7
Re: worker for market cap management?
« Reply #6 on: October 01, 2019, 08:07:16 am »
This is wrong... A coin is not only about price

Sent from my Infinix X605 using Tapatalk


Online binggo

  • Hero Member
  • *****
  • Posts: 1459
    • View Profile
Re: worker for market cap management?
« Reply #7 on: October 01, 2019, 08:25:37 am »
We just need to know what the investor/money care about.

How to attract the attention of the market/money first?function or price or market development?which is more effective? 

Offline chigbolu

  • Newbie
  • *
  • Posts: 16
    • View Profile
  • BitShares: vnc-7
Re: worker for market cap management?
« Reply #8 on: October 01, 2019, 08:28:26 am »
We just need to know what the investor/money care about.

How to attract the attention of the market/money first?function or price or market development?which is more effective?
Function and market development are more important than price...

Sent from my Infinix X605 using Tapatalk


Offline sschiessl

Re: worker for market cap management?
« Reply #9 on: October 01, 2019, 08:31:15 am »
How about we put the same amount of money into proper marketing?
https://bitsharestalk.org/index.php?topic=29599.0

I would like to invite any- and everyone that is motivated to step up and participate! The selection of the current board is simply the motivated ones I could unravel so far.

Offline EuropaSH

  • Full Member
  • ***
  • Posts: 142
  • IT innovations
    • View Profile
    • https://xbts.io
  • BitShares: euro888
Re: worker for market cap management?
« Reply #10 on: October 01, 2019, 09:32:35 am »
I am not talking about OMO, but another scenario:

A rich man/trader can pull BTS price to above 1CNY, however, he will do that only when he get 5M BTS as reward.

Is it possible to get this 5M BTS from worker and pay him for doing that?

Market cap management worker
daily pay:100K BTS, 3 months. committee-account as escrow.

when BTS price is pulled to above 0.6CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 0.8CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 1CNY and stay for more than 72 hours, pay the left 2M BTS to the worker owner.

this protocol will applied in 2 months, after that the left BTS will be refunded.

Thoughts?



If the investor sees development, he will never sell at a cheap price.
The solution to this issue is in front of you!
The misuse of the fund has led the system to this state. Efficiency and practicality of decisions is the basic principle of success.

To get things going for the Bitshares, you need to start using the budget effectively.
Why invest a lot of money in holding mediocre conferences? There will be no investors in Athens, there will be students in Athens ! Who needs Bitshares there. For the image ???? It is important for Bitshares to stimulate demand and attract a specific audience - traders!
You will say that you need technical updates for Bitshares. But no!!! Bitshares works fine !!! Bitshares need advertising !!!!!!!!!!!!!!

Think that if the conference budget in Athens would be invested in the promotion of contextual advertising and advertising on YouTube for special requests. Tens of thousands of people would know about Bitshares. And how many people will learn about the Bitshares at the conference. And if advertising on the Internet would give a conversion of real users, then advertising at the conference does not guarantee any sales of BTS.

Bitshares needs a marketing team that understands what it does.
Of course, we would recommend ourselves, because we have a vision and we know what we are talking about.

If there are people here who are really interested in development, then we can talk about business. We have been in Bitshares for almost a year and a half, and during this time we have not seen a single good marketing from Bitshares. Here people who have never worked as marketers and never brought a product to the market are engaged in marketing.

There are many tools that optimize advertising costs and make it effective. Bitshares deserves to be known about her. Stop killing the Bitshares with bad decisions !!!!!!

Because Bitshares can be more than that. The Bitshares have a truly colossal business potential !!!
Bitshares is a huge profitable business that needs your sincere love and interest. This business just needs to be engaged, and it will grow to heaven.

XBTS DEX EXCHANGE FOR TRADERS AND GAMERS https://xbts.io

Offline clockwork

  • Committee member
  • Sr. Member
  • *
  • Posts: 365
    • View Profile
  • BitShares: clockwork
Re: worker for market cap management?
« Reply #11 on: October 01, 2019, 10:09:14 am »

Why invest a lot of money in holding mediocre conferences? There will be no investors in Athens, there will be students in Athens ! Who needs Bitshares there. For the image ????

a) You're wrong.
b) Yes. For the image.  BitShares has a SEVERE brand equity problem. It's not just lack of awareness.

It is important for Bitshares to stimulate demand and attract a specific audience - traders!
You will say that you need technical updates for Bitshares. But no!!! Bitshares works fine !!! Bitshares need advertising !!!!!!!!!!!!!!

Try onboarding tens of thousands of traders with existing API and infrastructure and then tell me technical updates are not needed.

Think that if the conference budget in Athens would be invested in the promotion of contextual advertising and advertising on YouTube for special requests. Tens of thousands of people would know about Bitshares.

tens of thousands already know and think it's a centralized scam.

And how many people will learn about the Bitshares at the conference. And if advertising on the Internet would give a conversion of real users, then advertising at the conference does not guarantee any sales of BTS.

No it wouldnt necessarily. But it would set nice fundamentals for other marketing opportunities that do... As I said.. It's a brand equity issue.

Bitshares needs a marketing team that understands what it does.
Of course, we would recommend ourselves, because we have a vision and we know what we are talking about.

If there are people here who are really interested in development, then we can talk about business. We have been in Bitshares for almost a year and a half, and during this time we have not seen a single good marketing from Bitshares. Here people who have never worked as marketers and never brought a product to the market are engaged in marketing.

My day job has been marketing for the last 16 years at WPP subsidiaries such as Ogilvy and Soho Square servicing clients such as Lufthansa, Siemens, IBM, Microsoft, Nestle, Coca-cola, Pizza Hut and more and have received multiple awards for work done.

There are many tools that optimize advertising costs and make it effective. Bitshares deserves to be known about her. Stop killing the Bitshares with bad decisions !!!!!!

Yes there are. And yes it does deserve it. Hopefully others will join in and help. Any decent marketing idea/worker is more than welcome. You don't have to bash other workers to get support for yours. Nor is it fair to consider any marketing spend a waste when there was no alternative suggestion.

I'll reiterate... If you don't realise BitShares has an image/brand equity problem, any hard-selling advertising attempts will probably fail.

Because Bitshares can be more than that. The Bitshares have a truly colossal business potential !!!
Bitshares is a huge profitable business that needs your sincere love and interest. This business just needs to be engaged, and it will grow to heaven.
[/quote]

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 3809
    • View Profile
    • Steemit Blog
  • BitShares: abit
  • GitHub: abitmore
Re: worker for market cap management?
« Reply #12 on: October 01, 2019, 01:12:15 pm »
I am not talking about OMO, but another scenario:

A rich man/trader can pull BTS price to above 1CNY, however, he will do that only when he get 5M BTS as reward.

Is it possible to get this 5M BTS from worker and pay him for doing that?

Market cap management worker
daily pay:100K BTS, 3 months. committee-account as escrow.

when BTS price is pulled to above 0.6CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 0.8CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 1CNY and stay for more than 72 hours, pay the left 2M BTS to the worker owner.

this protocol will applied in 2 months, after that the left BTS will be refunded.

Thoughts?



If the investor sees development, he will never sell at a cheap price.
The solution to this issue is in front of you!
The misuse of the fund has led the system to this state. Efficiency and practicality of decisions is the basic principle of success.

To get things going for the Bitshares, you need to start using the budget effectively.
Why invest a lot of money in holding mediocre conferences? There will be no investors in Athens, there will be students in Athens ! Who needs Bitshares there. For the image ???? It is important for Bitshares to stimulate demand and attract a specific audience - traders!
You will say that you need technical updates for Bitshares. But no!!! Bitshares works fine !!! Bitshares need advertising !!!!!!!!!!!!!!

Think that if the conference budget in Athens would be invested in the promotion of contextual advertising and advertising on YouTube for special requests. Tens of thousands of people would know about Bitshares. And how many people will learn about the Bitshares at the conference. And if advertising on the Internet would give a conversion of real users, then advertising at the conference does not guarantee any sales of BTS.

Bitshares needs a marketing team that understands what it does.
Of course, we would recommend ourselves, because we have a vision and we know what we are talking about.

If there are people here who are really interested in development, then we can talk about business. We have been in Bitshares for almost a year and a half, and during this time we have not seen a single good marketing from Bitshares. Here people who have never worked as marketers and never brought a product to the market are engaged in marketing.

There are many tools that optimize advertising costs and make it effective. Bitshares deserves to be known about her. Stop killing the Bitshares with bad decisions !!!!!!

Because Bitshares can be more than that. The Bitshares have a truly colossal business potential !!!
Bitshares is a huge profitable business that needs your sincere love and interest. This business just needs to be engaged, and it will grow to heaven.
Valid points, although I don't fully agree. I do agree that we need people who know how to market to do marketing.

Would you like to step up competing for proxy and/or committee?
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline R

  • Hero Member
  • *****
  • Posts: 727
    • View Profile
Re: worker for market cap management?
« Reply #13 on: October 01, 2019, 01:18:41 pm »
If you support a pump and dump worker proposal, you have no justification for using refund400k to block any development worker proposals.

I do not support worker proposals of this kinda at all, use your own money to gamble!

Offline EuropaSH

  • Full Member
  • ***
  • Posts: 142
  • IT innovations
    • View Profile
    • https://xbts.io
  • BitShares: euro888
Re: worker for market cap management?
« Reply #14 on: October 01, 2019, 03:10:29 pm »
I am not talking about OMO, but another scenario:

A rich man/trader can pull BTS price to above 1CNY, however, he will do that only when he get 5M BTS as reward.

Is it possible to get this 5M BTS from worker and pay him for doing that?

Market cap management worker
daily pay:100K BTS, 3 months. committee-account as escrow.

when BTS price is pulled to above 0.6CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 0.8CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 1CNY and stay for more than 72 hours, pay the left 2M BTS to the worker owner.

this protocol will applied in 2 months, after that the left BTS will be refunded.

Thoughts?



If the investor sees development, he will never sell at a cheap price.
The solution to this issue is in front of you!
The misuse of the fund has led the system to this state. Efficiency and practicality of decisions is the basic principle of success.

To get things going for the Bitshares, you need to start using the budget effectively.
Why invest a lot of money in holding mediocre conferences? There will be no investors in Athens, there will be students in Athens ! Who needs Bitshares there. For the image ???? It is important for Bitshares to stimulate demand and attract a specific audience - traders!
You will say that you need technical updates for Bitshares. But no!!! Bitshares works fine !!! Bitshares need advertising !!!!!!!!!!!!!!

Think that if the conference budget in Athens would be invested in the promotion of contextual advertising and advertising on YouTube for special requests. Tens of thousands of people would know about Bitshares. And how many people will learn about the Bitshares at the conference. And if advertising on the Internet would give a conversion of real users, then advertising at the conference does not guarantee any sales of BTS.

Bitshares needs a marketing team that understands what it does.
Of course, we would recommend ourselves, because we have a vision and we know what we are talking about.

If there are people here who are really interested in development, then we can talk about business. We have been in Bitshares for almost a year and a half, and during this time we have not seen a single good marketing from Bitshares. Here people who have never worked as marketers and never brought a product to the market are engaged in marketing.

There are many tools that optimize advertising costs and make it effective. Bitshares deserves to be known about her. Stop killing the Bitshares with bad decisions !!!!!!

Because Bitshares can be more than that. The Bitshares have a truly colossal business potential !!!
Bitshares is a huge profitable business that needs your sincere love and interest. This business just needs to be engaged, and it will grow to heaven.
Valid points, although I don't fully agree. I do agree that we need people who know how to market to do marketing.

Would you like to step up competing for proxy and/or committee?



The 12th participant should be added to the committee list for the harmonious circulation of 氣 Energy. These are the rules of Feng Shui!
https://wallet.bitshares.org/#/explorer/committee-members

We are ready!



The fisherman Sheng Wansan was fishing in the Yangtze, when an elegant flower vase fell into his net. He picked her up and decided to feed a dog from vase. It turned out that the feed placed in vase never decreased, and the dog ate it every day. An old woman (fisherman's wife) once dropped a golden hairpin into her. And immediately the cup of abundance was filled to the brim with glittering gold. The old people gathered wealth and began to help loved ones.
XBTS DEX EXCHANGE FOR TRADERS AND GAMERS https://xbts.io

Offline Crypto Kong

  • Full Member
  • ***
  • Posts: 92
    • View Profile
Re: worker for market cap management?
« Reply #15 on: October 01, 2019, 03:21:01 pm »
This is the most desperate & ridiculous idea I have seen in these forums. Those who have bitcrab set as proxy should remove ASAP.
« Last Edit: October 01, 2019, 04:02:00 pm by Crypto Kong »

Offline abit

  • Committee member
  • Hero Member
  • *
  • Posts: 3809
    • View Profile
    • Steemit Blog
  • BitShares: abit
  • GitHub: abitmore
Re: worker for market cap management?
« Reply #16 on: October 01, 2019, 07:10:00 pm »
Would you like to step up competing for proxy and/or committee?



The 12th participant should be added to the committee list for the harmonious circulation of 氣 Energy. These are the rules of Feng Shui!
https://wallet.bitshares.org/#/explorer/committee-members

We are ready!

Not that simple as a 12th. It's about governance voting.
BTS account: abit
BTS committee member: abit
BTS witness: in.abit

Offline Permie22

  • Jr. Member
  • **
  • Posts: 22
    • View Profile
  • BitShares: Permie
Re: worker for market cap management?
« Reply #17 on: October 01, 2019, 08:22:25 pm »
I am not talking about OMO, but another scenario:

A rich man/trader can pull BTS price to above 1CNY, however, he will do that only when he get 5M BTS as reward.

Is it possible to get this 5M BTS from worker and pay him for doing that?

Market cap management worker
daily pay:100K BTS, 3 months. committee-account as escrow.

when BTS price is pulled to above 0.6CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 0.8CNY and stay for more than 72 hours, pay 1.5M BTS to the worker owner.

when BTS price is pulled to above 1CNY and stay for more than 72 hours, pay the left 2M BTS to the worker owner.

this protocol will applied in 2 months, after that the left BTS will be refunded.

Thoughts?

What about the same funds being put to use creating liquidity for bts/bitCNY?

Perhaps a commitee controlled DEXBot Staggered Orders Strategy: https://github.com/codaone/dexbot/the-staggered-orders-strategy.

A Staggered Orders strategy provides liquidity on both sides of the orderbook and profits from volatility. As well as increasing the market depth of bitCNY/bts it could also provide an income for the committee for further liquidity provision through re-invested profits.

Alternatively, the 5M bts could be paid out to individuals who use their own funds to run their own SO DEXBot strategy. Airdorp the 5M bts proportionally to all liquidity providers as a 1 or 2% bonus for providing liquidity.

Quote
# 22.0 The Staggered Orders Strategy

<a href="https://ibb.co/RPRwtXL"><img src="https://i.ibb.co/k0NCzLY/Staggered-Orders.png" alt="Staggered-Orders" border="0"></a>

**22.0.1** Places a large amount of buy and sell orders at certain intervals, covering the orderbook from very low prices to very high prices.

**22.0.2** The range is supposed to cover all conceivable prices for as long as the user intends to run the strategy. That could be from -100x to +100x (-99% to +10000%).

**22.0.3** Profits will be made from price movements, and the strategy introduces friction to such movements. It gives markets depth, and makes them look better. It never "sells at a loss", but always at a profit.

**22.0.4** This strategy works well on laptops and computers that aren't on(line) all the time. It works perfectly well if you run it a few times a day, once a week or once a month. More profits will likely be made if it's online all the time, but even that is not sure. It depends on market conditions.

## 22.1 Parameters and Configuration

* **22.1.1** **Mode**: mountain, neutral, valley, buy slope, or sell slope. Explained lower.

* **22.1.2** **Spread**: Spread between your highest bid and lowest ask (%)

* **22.1.3** **Increment**: At which increments will orders be placed (%)

* **22.1.4** **Lower bound**: How low do you expect the price to ever go? Buy orders will be placed from center price down to this price. Price of Quote asset as measured in Base asset.

* **22.1.5** **Upper bound**: How high do you expect price to ever reach? Sell orders will be placed from center price up to this price. Price of Quote asset as measured in Base asset.

* **22.1.5.1** **Allow instant fill**: When several orders fill and the price immediately returns, the bot will have to place orders that will likely fill instantly.

**22.1.5.1.1** If this option is enabled, the target spread will be recovered easily, and some immediate profit will be made.

**22.1.5.1.2** If this is disabled, the bot will have to remove some orders to get the necessary funds to keep going. Default is on, and we recommend keeping it so.

* **22.1.6** **Operational depth**: Actual number of orders to maintain on the books. Instead of placing all orders to cover full range, maintain only N orders deep.

## 22.2 Logic

### 22.2.1 Initial orders placement

**22.2.1.1** On each start the strategy checks whether there are buy and sell orders on the specified market.

**22.2.1.2** If there are no orders, the strategy will start to place buy and sell orders one-by-one starting from the far end (lower bound and upper bound). This should result in getting the best possible prices even if the center price isn't where expected or moves after starting.

**22.2.1.3** The orders are placed on `price * (1 + increment)` distance from each order. Order amounts are calculated automatically. Bigger range decreases order sizes. Smaller increment decreases order sizes.

### 22.3 How profits are made

**22.3.1** The bot makes orders to buy back more of what it sold, for the same total price, and to sell back all of what it bought, for a higher price.

**22.3.1.1** This way every time the price moves in an opposite direction, profits are realized. As the price moves back and forth, a little or much, small profits are made and immediately reinvested to increase future compound profits.

**22.3.1.2** This can continue as long as the price ever moves anywhere, and the price stays within assigned range.

### 22.4 Spread, increment and profits

**22.4.1** Increment is a distance between orders and spread is the distance between the highest buy orders and the lowest sell orders of the strategy.

**22.4.2** The actual profit will not be equal to defined `spread` as you may think. The profit will be somewhere between `spread` and `spread - increment`. Why? Because the resulting profits is a combination of *spread trades* and *volatility trades*.

**22.4.3** Lets take a look at a simple example to understand this:

**22.4.3.1** Example setup:
* **22.4.3.2** spread: 10%
* **22.4.3.3** increment: 4%
* **22.4.3.4** orders prices: 83 87 91 95 \<center\> 105 109 113 117

**22.4.4** While price is not moving anywhere, you may take profits from `spread` (`105-95 = 10`), this will give the max profit %.

**22.4.4.1** Then imagine that buy order at `95` was filled. The next sell order will be placed at price `101`. If it is also filled, the realized profit will be `101-95 = 6`

**22.4.5** Note: on significant price movements non-slope modes can actually bring bigger profit than just usual `spread - increment`. This may happen because newly obtained liquidity from trades is distributed across ALL range, increasing far orders.

### 22.5 Filled orders

**22.5.1** Fully filled order on the one side will result in placing a next closer-to-center order on the opposite side. It will be closer by `price * (1 + increment`).

### 22.6 Partially filled orders

**22.6.1** When there is a partially filled order on the one side, the strategy will not immediately allocate the newly obtained funds. Instead, it will reserve the amount needed to place a next closer-to-center order.

**22.6.2** Also, if there are both buy and sell trades resulting in partially filled orders on the both sides, the strategy will replace these orders with a new full-sized orders if there is enough funds.

### 22.7 Allocation of excess funds

**22.7.1** New available funds may come from trading profits and/or from the transfer from another account. In both cases these funds will be allocated by expanding the range if needed, or/and by increasing existing orders in size.

### 22.8 Operational depth

**22.8.1** Staggered Orders strategy is intended to work on a wide range like -100x to +100x. To cover such a wide range, it may require hundreds or even thousands of orders. Maintaining such orders count puts a significant overhead on the strategy execution time, on the blockchain (by order placements and cancellation transactions), and also lots of time is needed for initial orders placement. Furthermore, playing with spread and increment also requires replacing of all orders.

**22.8.2** As actual trading is happening around market center price, it's enough to keep only N orders around the center to handle price movements in near-center range.

**22.9** The basic factors to consider while setting operational depth:

* **22.9.1** Worker online %. The less worker is online, the more depth it needs to handle price movements.
* **22.9.2** Increment size. The less increment is being used, the more depth it needs. Otherwise, worker may not benefit from catching a large buy or sell candle.

**22.9.3** The logic of operational depth is following:

* **22.9.3.1** When initial orders placement is happening, only N-depth orders are placed to orderbook, and remaining orders are kept in memory as "virtual" orders.

* **22.9.3.2** On each restart the strategy will restore all virtual orders based on the amount of the current furthest real order

* **22.9.3.3** On price movements, virtual orders are replaced with real orders on as-needed basis to keep no less than N real orders on market

* **22.9.3.4** When price movement is directed to one side, the opposite side may accumulate excessive orders (`N + x`).

**22.9.3.4.1** These excessive orders will be automatically replaced with virtual orders one-by-one if the actual number of orders on this side will exceed `N + threshold` (`threshold` is defined in code and can be changed later, so current value is omitted here).

**22.9.3.4.2** Note that furthest real order will be replaced only if it's amount is the same as next order closer to the center. This condition is a must to not break normal asset balance distribution inside a trading side.

### 22.10 Range expanding

**22.10.1** At any time the user can adjust range bounds. The strategy will place additional orders to cover the new range using  trade profits or funds transferred from outside. If boundaries are narrowed, newly available funds will be used to increase order sizes.

### 22.11 Fallback logic when target spread is not reached

**22.11.1** In some rare cases there may be a situation when all funds are allocated, but target spread is not reached. In this case the strategy will cancel furthest buy or sell order and use these funds to place next closer-to-center order to reach the target spread.

## 22.12 Modes

### 22.12.1 Mountain Mode

- **22.12.1.1** Buy orders same QUOTE
- **22.12.1.2** Sell orders same BASE

**22.12.1.3** Mountain mode concentrates funds more to the center, so it makes more profit "right now" and compounds profits faster, but it's less good if the price decides to drift significantly.

**22.12.1.4** Orders size increase: maximize order size as close to center as possible. When all orders are max, the new increase round is started from the furthest order.

### 22.12.2 Valley Mode

- **22.12.2.1** Buy orders same BASE
- **22.12.2.2** Sell orders same QUOTE

**22.12.2.3** Valley mode is for bootstrapping a market or highly-volatile one. It makes very little profit if price stays where it started, but can withstand a massive change and loves volatility.

**22.12.2.4** Orders size increase: maximize order sizes as far as possible from center first. When all orders are max, the new increase round is started from the closest-to-center order.

### 22.12.3 Buy slope

- **22.12.3.1** All orders same BASE (profit comes in QUOTE)

**22.12.3.2** Buy and sell slope is good for accumulating the other asset. You could for instance invest $50k with this strategy and reap profits with $100 sized orders over a massive range. It's like milking the market or "financial independence mode"

**22.12.3.3** Orders size increase: maximize order size as low as possible. Buy orders maximized as far as possible (same as valley), and sell orders as close as possible to the center price (same as mountain mode).

### 22.12.4 Sell Slope Mode

- **22.12.4.1** All orders same QUOTE (profit made in BASE)

**22.12.4.2** Orders size increase: maximize order size as high as possible. Buy orders as close to the center price (same as mountain mode), and sell orders as far as possible from the center price (same as valley mode).

### 22.12.5 Neutral

- **22.12.5.1** Buy orders, from far end towards center: `lower_order_base * sqrt(1 + increment)`
- **22.12.5.2** Sell orders, from far end towards center: `higher_order_quote * sqrt(1 + increment)`

**22.12.5.3** Neutral mode is for any market, and it is a nice balance between Valley mode and the Mountain mode, because order amounts slightly bigger towards the center. It will work well in stable times and also with extreme movements, giving you peace of mind at all times.

**22.12.5.4** Orders size increase: try to flatten everything by increasing order sizes to neutral. When everything is correct, maximize closest orders and then increase other orders to match that.

## 22.13 Other features

### 22.13.1 Crash resilience

**22.13.1.1** The strategy doesn't require any "state" to be remembered, and rely solely on the actual data from the blockchain. This might allow you to start the strategy with one computer, interrupt it at any point, and continue with another. You only need to have the same settings. Though you can also change the settings and continue and the strategy will place new orders according to the new settings.

### 22.13.2 Diligent re-evaluation

**22.13.2.1** After every single action the bot will re-evaluate the whole situation and act accordingly. It won't assume that an order has been successfully made, but look at the situation with new eyes every time. This eliminates several tricky situations and weird behavior.

### **22.13.3** Operating mode and range can be changed at any time

**22.13.3.1** If these are changed, the bot removes orders outside of defined range, and allocates all funds according to current configuration. If range is increased, it caused the bot to spend any profits to create new orders to fill the new range. Changing operating mode leaves all orders as they are, and will only change future behavior.

### 22.13.4 One-sided start

**22.13.4.1** If the user starts with only base or quote, the bot will place orders closer to the market price and wait until one fills, and the game begins. Profits will be used to add orders to the other side until the strategy is completely balanced (according to the configuration).

## 22.14 Considerations

### 22.14.1 Range

**22.14.1.1** The most important thing is to make the range (upper and lower bounds) wide enough.

**22.14.1.1.1** If you don't do this, you will end up with only the worst of the assets. Do you want that to happen? If not, use a massive range. We suggest +-100x. Yes, 10,000x range.

**22.14.1.1.2** With mountain and neutral mode it will cost very little to increase your range from 10x to 100x, so do it. With valley mode it costs much, but if you are using it to begin with you expect huge volatility, so do it. With buy slope it's cheap to extend upper bound, and with sell slope the opposite.

### 22.14.2 Increment and spread

**22.14.2.1** The smaller the increments the more often orders will be filled, but the smaller the profit per order. (With same amount of funds).

**22.14.2.2** The smaller the spread the more orders will fill, but the smaller the profit also. There is likely a sweet spot somewhere. You can also use a massive spread like 10,000% if you like, but it is questionable whether you need a bot for that, as an order might fill once per year or so.

**22.14.2.3** If you intend to run the strategy on an always-on computer, then smaller spreads and increments might make sense. If you expect to run the bot once a day, try the default spread (6%) and increment (4%). If you intend to run the bot once a week, sane values might be 20% spread and 10% increment.

**22.14.3** **Note:** avoid changing increment and spread without cancelling all orders. This may result in losses. See the "Spread, increment and profits" section.

### 22.15 Starting balances

**22.15.1** It is best to start the strategy with an 'equal' amount of both assets (if you have a symmetric range). 'quote-amount / price' should be 'base-amount'.


Offline bench

Re: worker for market cap management?
« Reply #18 on: October 05, 2019, 12:01:07 am »
What about the same funds being put to use creating liquidity for bts/bitCNY?

Perhaps a commitee controlled DEXBot Staggered Orders Strategy: https://github.com/codaone/dexbot/the-staggered-orders-strategy.

Or BTS/bitUSD.

I suggested also a  DEXbot worker, but committee funds need to be multisig.


This is the most desperate & ridiculous idea I have seen in these forums.

Yes, we need to focus on building and not on price.
Be part of the change and vote for the bitshares-vision proxy!