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Author Topic: MasterCoin Buyer/Seller Thread  (Read 221803 times)
SyRenity
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January 13, 2014, 10:39:03 AM
 #3021

(1) NXT is dropping also.
(2) i think the the main reason for the drop in MSC value is because masterxchange makes it very easy to sell/dump MSC for the big Exodus holders. (J.R announcement was the "gun-shot" but at list he is doing it outside the exchanges in a responsible way)
(3) for the long run the Exodus holders “dumping” is a good thing. It makes MSC less centralized at cheaper rate for newcomers.

I agree to above points at 2 and 3 (not sure about NXT as I'm not really tracking it), let's see how it evolves Smiley.
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January 13, 2014, 11:10:20 AM
 #3022

Mastercoin is not over yet.

It is far from over.

Iotas are Schrödinger's kittens and Tangle is their box keeping them on the edge between the life and the death.

IOTA - first worldwide 3rd gen token - zero fees! - Internet of Things
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January 13, 2014, 12:41:33 PM
 #3023

Hello guys,

We just want to let you know we did a couple change on the trading interface of https://masterxchange.com/

As always we welcome all feedback

Regards,

Emilien

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January 13, 2014, 02:08:32 PM
 #3024

We just want to let you know we did a couple change on the trading interface of https://masterxchange.com/
Great job, Keep it up!

Some more small improvements:
(1)   I think it’s more convenient to have the “pending orders” above “Trade Mastercoins” (easier to compare between the wanted trade price verses orderbook & pending – “bitfinex”)
(2)   Notification button would be helpful for does not 24/7 next to the monitor.

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January 13, 2014, 02:30:46 PM
 #3025

We just want to let you know we did a couple change on the trading interface of https://masterxchange.com/
Great job, Keep it up!

Some more small improvements:
(1)   I think it’s more convenient to have the “pending orders” above “Trade Mastercoins” (easier to compare between the wanted trade price verses orderbook & pending – “bitfinex”)
(2)   Notification button would be helpful for does not 24/7 next to the monitor.


Thanks Smiley We took a lot of your previous suggestions .

For (1) : You want the pending orders at the top of the page so its easier to see the order book while setting a price right ? Seems like a good idea

(2) - Not sure what you mean by that. You want an option for an email or something when there is a trade on one of your orders ?

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peled1986
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January 13, 2014, 02:32:30 PM
 #3026

We just want to let you know we did a couple change on the trading interface of https://masterxchange.com/
Great job, Keep it up!

Some more small improvements:
(1)   I think it’s more convenient to have the “pending orders” above “Trade Mastercoins” (easier to compare between the wanted trade price verses orderbook & pending – “bitfinex”)
(2)   Notification button would be helpful for does not 24/7 next to the monitor.

Thanks Smiley We took a lot of your previous suggestions .
For (1) : You want the pending orders at the top of the page so its easier to see the order book while setting a price right ? Seems like a good idea
(2) - Not sure what you mean by that. You want an option for an email or something when there is a trade on one of your orders ?

(1) yes
(2) yes

 

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January 13, 2014, 02:35:31 PM
 #3027

Sounds not too hard, both should be done in the next release. Thanks for your feedback !

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January 13, 2014, 04:28:28 PM
 #3028

(1) NXT is dropping also.

You made my day too!  Grin
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January 13, 2014, 05:47:34 PM
 #3029

Hey guys,

Rather than post updates here, I've decided to keep a public document with my current prices: https://docs.google.com/document/d/1eYI_R8leBvV5-UhsTuDi3WqhpMAxiTRvTw8e2m2jpKY/edit?usp=sharing

Check that document out if you are looking to buy a large block of MSC without moving the market.

Thanks!

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January 13, 2014, 05:50:34 PM
 #3030

Hey guys,

Rather than post updates here, I've decided to keep a public document with my current prices: https://docs.google.com/document/d/1eYI_R8leBvV5-UhsTuDi3WqhpMAxiTRvTw8e2m2jpKY/edit?usp=sharing

Check that document out if you are looking to buy a large block of MSC without moving the market.

Thanks!

And down it goes!

Jr's Selling prices:

    0.15 BTC/MSC for orders under 50 BTC
    0.14 BTC/MSC for orders under 100 BTC
    0.13 BTC/MSC for orders above 100 BTC
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January 13, 2014, 05:54:57 PM
 #3031

 Angry
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January 13, 2014, 05:55:22 PM
 #3032

Hey guys,

Rather than post updates here, I've decided to keep a public document with my current prices: https://docs.google.com/document/d/1eYI_R8leBvV5-UhsTuDi3WqhpMAxiTRvTw8e2m2jpKY/edit?usp=sharing

Check that document out if you are looking to buy a large block of MSC without moving the market.

Thanks!

Genius ! I applause with my both feet.

You know what? By keeping lowering the price like this you can still wait before any buyer. How will someone buy at you if in the meantime it's possible that you crash/screw us again the market (for a piggy wife or something) and lower again the price without any notification ?

Next time, this kind of agreement is made privately OTC THEN optionaly disclosed. Like the 140K btc sale we saw last month (with the peak in bitcoin days destroyed). This is call professionalism or something like this. Not sandplaying.

My advice and for the benefits of anybody here: sell them at no loss (i.e. 0.01), don't quit your job, stay with your familly (please do) and leave the project.

Thanks.



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January 13, 2014, 05:59:17 PM
 #3033

Please note that the number available is lower now.

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January 13, 2014, 06:00:42 PM
 #3034

Please note that the number available is lower now.
Makes no sense, those people buying must be retarded, because orders @ .115 are getting filled on masterxchange.

Unless your selling lower than your actually saying.
SyRenity
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January 13, 2014, 06:02:26 PM
 #3035

Wow, and the market reacts with 0.124 on MSCXchange.
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January 13, 2014, 06:35:16 PM
 #3036

Here is what I feel will happens roughly :

if (JRprice == x)
{
     masterXchangePrice = x - 10%;
}

In my humble opinion, trading OTC will impact the market more than trading quietly on an exchange.

First, all trades impact the quantities available in the same way, if you sell 1000 MSC OTC, that will always be 1000 MSC that wont be bought on the market. There is no "if you dont trade on the exchange the price will not be impacted !".
Thats an economical fallacy; the price converges to the same value everywhere and the exchange is a part of the market in the same way that the OTC is.

Second, saying that you have X quantities to sell at Y prices is much worse than trading them little by little : As long as the market expect a bigger quantity to be traded, the price will correct itself until the price discovery process is finished. Thats like bill gates announcing that he will sell 1% of MSFT the next week. What huge holders are doing is that they pay brokers to liquidate the quantities as quietly as possible on the marketplaces.

Having said all that, I will add that this is only an opinion and that its really great that JR is commiting himself to Mastercoin full time Smiley

This is all fascinating to follow in term of economic theory

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January 13, 2014, 06:38:07 PM
 #3037

So is masterxchange the best place for decent prices?
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January 13, 2014, 06:39:16 PM
 #3038

So is masterxchange the best place for decent prices?
yup. pretty much the only exchange
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January 13, 2014, 06:40:23 PM
 #3039

Well in my opinion it is the most "efficient" marketplace currently for mastercoin (ie with the most liquidity since it is basically the only one)

So its possible to buy lower or higher if you trade elsewhere, but unless you are a professionnal you'll probably end up getting a better deal on an exchange.

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January 13, 2014, 08:27:18 PM
 #3040

Here is what I feel will happens roughly :

if (JRprice == x)
{
     masterXchangePrice = x - 10%;
}

In my humble opinion, trading OTC will impact the market more than trading quietly on an exchange.

First, all trades impact the quantities available in the same way, if you sell 1000 MSC OTC, that will always be 1000 MSC that wont be bought on the market. There is no "if you dont trade on the exchange the price will not be impacted !".
Thats an economical fallacy; the price converges to the same value everywhere and the exchange is a part of the market in the same way that the OTC is.

Second, saying that you have X quantities to sell at Y prices is much worse than trading them little by little : As long as the market expect a bigger quantity to be traded, the price will correct itself until the price discovery process is finished. Thats like bill gates announcing that he will sell 1% of MSFT the next week. What huge holders are doing is that they pay brokers to liquidate the quantities as quietly as possible on the marketplaces.

Having said all that, I will add that this is only an opinion and that its really great that JR is commiting himself to Mastercoin full time Smiley

This is all fascinating to follow in term of economic theory

Yeah, by doing this so publicly, I'm basically ensuring that the price drop happens BEFORE I sell, rather than my sell causing the price to drop. If I had sold privately, the price would have still gone down, and nobody would have known why until somebody noticed in the block chain that J.R.'s coins were being sold, potentially causing a HUGE panic.

It seems clear that I would have done a LOT better doing this privately, without telling anybody what I was doing until somebody noticed my coins being sold, but this way seems more ethical to me.

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