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Author Topic: [BTC-TC] Virtual Community Exchange [CLOSED]  (Read 315994 times)
burnside
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June 12, 2013, 08:15:01 PM
 #881

Heh, I had no idea they gave themselves so much padding. The second line seems odd considering they don't even charge fees (currently?).

I doubt it'll ever happen, but a man can dream about a long vacation outside the range of cellular phones... Wink  Being a contract and all I felt it was prudent wording.

The second line there used to be fees, and there's still the potential later for there to be fees.  It's not very likely.  (Extremely unlikely actually)  But it didn't hurt to leave it in.

Cheers.
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Deprived
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June 12, 2013, 08:19:07 PM
 #882

Heh, I had no idea they gave themselves so much padding. The second line seems odd considering they don't even charge fees (currently?).

I doubt it'll ever happen, but a man can dream about a long vacation outside the range of cellular phones... Wink  Being a contract and all I felt it was prudent wording.

I always write my contracts so as to commit to less than I actually intend to deliver.  Hence with DMS I'm only commited to weekly reports - when in fact I'll be trying to provide them daily AND maintain near real-time access to asset lists.


It's better to under-promise and over-deliver than the other way around.
ffwong
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June 13, 2013, 04:30:22 AM
 #883

Heh, I had no idea they gave themselves so much padding. The second line seems odd considering they don't even charge fees (currently?).

I doubt it'll ever happen, but a man can dream about a long vacation outside the range of cellular phones... Wink  Being a contract and all I felt it was prudent wording.

The second line there used to be fees, and there's still the potential later for there to be fees.  It's not very likely.  (Extremely unlikely actually)  But it didn't hurt to leave it in.

Cheers.


Just a simple side question on btct.co, when dividend X of a stock (e.g. ASICMINER-PT) is paid, will the exchange immediately deducts X from the current stock price?  Just like real stock market?

Thanks in advanced to anyone who answers.

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burnside
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June 13, 2013, 05:27:39 AM
 #884

Just a simple side question on btct.co, when dividend X of a stock (e.g. ASICMINER-PT) is paid, will the exchange immediately deducts X from the current stock price?  Just like real stock market?

Thanks in advanced to anyone who answers.

No.  Though it can cause fluctuation in the open market price.
ThickAsThieves
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June 13, 2013, 01:48:04 PM
 #885

I know I've harped on this before, but it would be GREAT if the manual threshold for withdrawals was a lot higher for people with 2fa on everything. Maybe like 50btc?  Pweeeeeez!?
blurden
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June 13, 2013, 03:29:08 PM
 #886

idea: what if all "details" tabs had downloadable pdfs of that page? also alerts when the details/pdf has been updated...
burnside
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June 13, 2013, 04:52:46 PM
 #887

I know I've harped on this before, but it would be GREAT if the manual threshold for withdrawals was a lot higher for people with 2fa on everything. Maybe like 50btc?  Pweeeeeez!?

I would love to be able to do that.  But 50 BTC would be the entire hot wallet most of the time.  Sad

I know people don't care for the manual withdrawals.  They're not fun to process either.  We just can't risk making ourselves a hacking target like that.  Too many sites (recently vircurex) have gone down the drain because they leave too much exposed.

idea: what if all "details" tabs had downloadable pdfs of that page? also alerts when the details/pdf has been updated...

That's a pretty good idea.  I like it.  Wink  Downloadable contracts / prospectus would be sweet.  It'll be a while before I can do it, but I'll definitely put it on the list.

Thanks!
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June 13, 2013, 05:39:58 PM
 #888

I know I've harped on this before, but it would be GREAT if the manual threshold for withdrawals was a lot higher for people with 2fa on everything. Maybe like 50btc?  Pweeeeeez!?

I would love to be able to do that.  But 50 BTC would be the entire hot wallet most of the time.  Sad

I know people don't care for the manual withdrawals.  They're not fun to process either.  We just can't risk making ourselves a hacking target like that.  Too many sites (recently vircurex) have gone down the drain because they leave too much exposed.


The problem I have is the manual withdrawal forces me to trade less on BTCT.co, it means I am exposed to too much time risk.

50BTC for the hot wallet seems awfully low to me as well. This means that you probably process more manual withdrawals than automatic ones...

It seems like overkill to me, but I'm not the one running the exchange I guess, so I plead some ignorance.

Either way, higher manual withdrawal limits is the single biggest feature request on BTCT.co for me, by a longshot.
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June 13, 2013, 05:55:24 PM
 #889

Heh, I had no idea they gave themselves so much padding. The second line seems odd considering they don't even charge fees (currently?).

I doubt it'll ever happen, but a man can dream about a long vacation outside the range of cellular phones... Wink  Being a contract and all I felt it was prudent wording.

The second line there used to be fees, and there's still the potential later for there to be fees.  It's not very likely.  (Extremely unlikely actually)  But it didn't hurt to leave it in.

Cheers.


Just a simple side question on btct.co, when dividend X of a stock (e.g. ASICMINER-PT) is paid, will the exchange immediately deducts X from the current stock price?  Just like real stock market?

Thanks in advanced to anyone who answers.

Stock prices aren't adjusted by the exchange because of dividends, not in BTC-exchanges nor in "real" stock markets. The reason why you see a price drop very similar to the dividend amount on regular stock markets is that the dividend is often announced in advance and it's a relatively infrequent thing (yearly, sometimes less), and for quantities that are relatively large compared to the stock price, which means that trades will anticipate the upcoming dividend into their valuation of the stock and just before the dividend payout date, the stock has an increased price that reflects the imminent dividend.

BTC stocks pay dividends very frequently, weekly or daily is the standard and therefore individual payments are small, rarely more than 1% of the stock price. This means that dividend is more smoothly spread out over time with BTC stocks than it is with regular stocks, so the price effect of dividend on BTC stocks is also more smooth, so no noticeable drops after each dividend. Most stocks don't have enough liquidity anyway for sub-1% fluctuations due to dividend to be visible.
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June 13, 2013, 05:55:41 PM
Last edit: June 13, 2013, 06:10:32 PM by bitzox
 #890

Heh, I had no idea they gave themselves so much padding. The second line seems odd considering they don't even charge fees (currently?).

I doubt it'll ever happen, but a man can dream about a long vacation outside the range of cellular phones... Wink  Being a contract and all I felt it was prudent wording.

The second line there used to be fees, and there's still the potential later for there to be fees.  It's not very likely.  (Extremely unlikely actually)  But it didn't hurt to leave it in.

Cheers.


Just a simple side question on btct.co, when dividend X of a stock (e.g. ASICMINER-PT) is paid, will the exchange immediately deducts X from the current stock price?  Just like real stock market?

Thanks in advanced to anyone who answers.

In the US this is not the case. Any order you have on file with your broker should lower by the dividend amount, according to FINRA regulations, but the price of the security does not immediately lower necessarily. That repricing is left up to market forces and with the amount of HFT funds and arbitrage hedge funds out their it is usually the case. However, it is not automatic.

I believe that in Europe they do automatically adjust the price to what is know as the ex-dividend price, but that really isn't my specialty so I couldn't tell you 100% upon further research i found this not to be the case. It looks like back when stock prices where computed in 1/8's and computers were less robust they may have automatically reduced the price by the dividend at the ex dividend date, but no longer.

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bitzox
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June 13, 2013, 06:09:12 PM
 #891

which means that trades will anticipate the upcoming dividend into their valuation of the stock and just before the dividend payout date, the stock has an increased price that reflects the imminent dividend.

This isn't entirely accurate. The dividend amount is already included in the valuation by professional traders. A dividend is just a transfer of cash from the company's balance sheet to the shareholders, thus the cash is already included in the price. What happens is that after a dividend is announced people will bid up the price because they want to get in on the dividend, the sellers are usually professionals that realize that the dividend is already included in the market price and thus doesn't justify a significantly higher price. After the dividend is paid people will sell the stock and it will tend to reach equilibrium at a price roughly at the price before the dividend-the dividend per share. But at the end of the day price is determined by supply and demand so the size of the dividend will determine the volatility of price. More people are likely to buy a stock that's announced a 5% dividend than a .5% one. A great many of the dividends in the US are predetermined and relatively small so their will be minimal price fluctuation even when a dividend is announced.

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June 14, 2013, 05:55:05 AM
 #892

How many days of dividend before the Dividend Yield Estimates will show up in the history?
burnside
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June 14, 2013, 06:07:21 AM
 #893

I know I've harped on this before, but it would be GREAT if the manual threshold for withdrawals was a lot higher for people with 2fa on everything. Maybe like 50btc?  Pweeeeeez!?

I would love to be able to do that.  But 50 BTC would be the entire hot wallet most of the time.  Sad

I know people don't care for the manual withdrawals.  They're not fun to process either.  We just can't risk making ourselves a hacking target like that.  Too many sites (recently vircurex) have gone down the drain because they leave too much exposed.


The problem I have is the manual withdrawal forces me to trade less on BTCT.co, it means I am exposed to too much time risk.

50BTC for the hot wallet seems awfully low to me as well. This means that you probably process more manual withdrawals than automatic ones...

It seems like overkill to me, but I'm not the one running the exchange I guess, so I plead some ignorance.

Either way, higher manual withdrawal limits is the single biggest feature request on BTCT.co for me, by a longshot.

I completely understand.  This is especially true when trying to arb, where the quickest to move will see the best profit.

50 BTC is where I think the balance is between quick access for the average user, and security for the site.  I know this doesn't seem like much, but the site does not have any kind of insurance policy or fund, so it's pretty important to keep it low.  I am confident that this approach is balanced and prudent.

The site has grown so much that I think what we need is someone involved that can take care of things full time.  Trick is... how do you vet applicants?  The risk of employee theft scares the crap outta me.   Angry  If we could find the right person though, then the site wouldn't need a hot wallet at all, and all withdrawals could be manually processed from offsite somewhere.

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June 14, 2013, 06:08:32 AM
 #894

How many days of dividend before the Dividend Yield Estimates will show up in the history?

I think it requires 30 days.

Also note that issues with low volumes don't have very good estimates.

Cheers.
ThickAsThieves
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June 14, 2013, 10:05:21 AM
Last edit: June 14, 2013, 10:21:32 AM by ThickAsThieves
 #895

Why is TAT.ASICMINER ordering frozen at the moment?

EDIT: I see at least some other people are successfully making orders, but the asset is frozen for me  :/
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June 14, 2013, 10:31:43 AM
 #896

It seems to be unlocked for me now. Luckily no major trades were missed, but do you have any idea what happened?
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June 14, 2013, 10:32:23 AM
 #897

Why is TAT.ASICMINER ordering frozen at the moment?

EDIT: I see at least some other people are successfully making orders, but the asset is frozen for me  :/

Any error messages?

I know we ran into the bitcoind performance wall again several times earlier today.  I'm getting closer to being able to do trades without it, but not quite there yet.

ThickAsThieves
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June 14, 2013, 10:35:08 AM
 #898

Why is TAT.ASICMINER ordering frozen at the moment?

EDIT: I see at least some other people are successfully making orders, but the asset is frozen for me  :/

Any error messages?

I know we ran into the bitcoind performance wall again several times earlier today.  I'm getting closer to being able to do trades without it, but not quite there yet.



No error messages that I could see. I tried logging out and logging in, which allowed me to make 1 order and then froze again. I logged out/in a second time, but no luck that time. I also tried using another browser, no luck.

It's cleared up totally now though.
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June 14, 2013, 10:52:38 AM
 #899

Now I'm locked out of AM-PT.

EDIT: Locked out of TAT.AM as well...

EDIT: now both are clear.
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June 14, 2013, 01:04:55 PM
 #900

Alright, this time it cost me.

AM-PT was freezing me out while trying to post bids and I missed a juicy selloff...

EDIT: Pretty sure it's an issue with 2fa on ordering.
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