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I'm still getting logged out, has it not taken effect yet?
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So TTbit, how do you suggest we implement the commission-free side of things? I am totally willing to do it. Normally I think of Market makers as getting a cut in exchange for keeping up some minimum volume and spread commitments.
Suggestions?
I'm not sure what TT meant, but I was suggesting turning fees off until there is actually a market for you to pull fees off of. Later you can give a cut to keep market makers from going elsewhere or whatever. |
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It's millies and mikes then we win.
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Suggestion: fees - 0% if you make the market, but 2% if you hit the bid/offer. Give an incentive to market makers and bot writing. The people who wait for a huge move and pick off orders should pay the fee.
best of luck with the site.
I second that. It isn't that you don't deserve fees, it's just that you can get so much more by waiting until you have something good to sell, liquidity. I gave this same advice to MtGox, seems to have worked  |
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So, I understand the bidding with what you don't have argument, but that system can be abused by griefers easily. Nefario recently took GBLSE down over this behavior: offers to sell 9999 shares of a security; unfunded, couldn't actually execute on them, but... bad for market analysis and annoying to people trading.
I took the approach that every bid/ask is a firm offer, and funded. I think we'll stick with that for now.
Re: Bidding; I agree, it takes too long. I'm not sure why; will look into it.
Re: Deposits, since we piggy-back on Gox' system, for now, we have to use it. But I agree it's annoying!
Re: Sessions, that's bugging me too. It should be set to like 4 hours. I updated a configuration item. Sessions should now last a really long time.
Ah, I overlooked that. What about a small multiple (3x?) and don't let the bids in one contract surpass the free cash so traders know they could accept that whole offer? If it has to stay as is it's not that big of a deal. I don't want to raise cash by selling coins to place offers that will probably not get taken, but I can sell puts eventually. |
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Ah, another thing, it seemed like I couldn't make a bid if my bids totaled more than my balance. This actually hurts liquidity and isn't necessary. I could make a bunch more bids if it just knew to withdraw some bids when I ran out of money.
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These are good thoughts. We could also do a simple 'cancel if under / over' essentially a stop-loss for bids and asks.
That would be great. A few other things. I'm tired of logging in every 3 minutes. It won't remember me either. My computer is secure, just give the option to leave me in until I manually log out. Why does placing a bid take up to 30 seconds to register? That can't be right. I click and I don't even know if it accepted my click or not because the button is flat and I get no message. If it has to be slow for some reason at least give an instant "processing" message. Why not just give a deposit address and leave it visible? Bitcoin-central and mybitcoin do this and I love it. I hate how MtGox does it. Make a button to get a new one for people who care. |
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B) It isn't a huge deal to me, but maybe I haven't thought enough about it. I certainly wouldn't mind European instead. I think it's too early to do both, decreasing liquidity and complicating things.
C) I think weekly is good. A month is so long in bitcoin time. $5 is good when it represents 10%, but not when it's 50%. I don't know the simplest way to pick the right points, but it should be like:
$1
$1.25
$1.50
$2
$2.50
$3
$3.50
$4
$5
$6
$8
$10
$12.50
$15
$17.50
$20
$25
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A) Excellent. I just can't make my best offers because I want them to float with the price. I'm only putting in offers I won't mid getting executed at a much different bitcoin price because I can't monitor it constantly. I would love a simple bot that let me put in a price based on a few relevant variables.
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I think it's a bad idea to have all your Ƀ on 1 address, what if you won the lottery and randomly pulled that address when you made a new one? If I were them I would have no more than Ƀ1k per address.
Winning the lottery: 1 in 10^7 Taking the money from that address: 1 in 10^140 Hmm, only 20 times harder. Math is so hard! |
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This is like blaming the mirror for your face.
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Works now, I figured out that MtGox was down, that's all. Still it should mention the failure. I didn't know if it was no go or slow go or what.
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Yes, you can use adblock plus
ohh, thanks. |
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This thread seems rather optimistic. I doubt we'll see $30 again before the end of the year. So many people were buying in the build up to $30 and then it sat at $30 for hours and hours with someone's darkpool's cashing out. I'm sure many of those people that bought on the jump from $19 to $31 and the ones that bought at the flat $30 holding will be looking to sell once they can recoup their money back: selling at what they bought for. For this reason I think the price will at most be $20 - $25 until the year is out, if we are lucky. Might continue to drop back down to a few bucks.
So how cheaply would you write $35 call options? Would you put some on bitoption.org? |
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Maybe they can't make a new law apply to past actions but they can certainly misapply/reinterpret some old law and apply it to past actions.
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Honestly I wouldn't frequent a forum with signatures unless the people in it talked about Bitcoin nonstop. Signatures are awful. Can there be a way to not see them? It's not that I don't like people pimping stuff, it just breaks the flow with repetitive ads. I'm going to take advantage of it soon so don't fix it yet. |
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I'm trusty, I'll do the first one for free.
I have not verified that US can do this or that it works for play money at all, but assuming it's all good we should pick a day and time. Shall we play two at the same time? One for a bitcoin and one for a bitdime?
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Canceling and Exercising is up and running; login and click "My Contracts."
(Did I really sell $45 july 28 calls a couple days ago? Wow!)
Exchanging to USD seems to fail without giving any message. |
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Why would I take a bet on my ability to play the market, when I could just play the market in the first place?
Because with your knowledge that you can get them for $10 you can make a giant ass load of money by selling ITM calls for huge amounts and no risk to you at all. |
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