RE: Coins That You Can Trade On Bitshares Decentralized Exchange and How Does It Work

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Coins That You Can Trade On Bitshares Decentralized Exchange and How Does It Work

in bitshares •  8 years ago 

Too low volumes

bitshares
8 years ago by

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      ·  8 years ago 

    It's a chicken and the egg problem. I want to use Bitshares more to trade because it's decentralised, but there is not enough volume there to trade without severe slippage, so I trade on a centralised exchange instead, taking potential volume away with me. How do we solve it? Is market making profitable, and how do we encourage it?

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    3 votes
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      ·  8 years ago 

    Some notes:

    1. Volumes have been as high as 2k btc/day visible here http://cryptofresh.com/assets It's usually comparable or bigger than many smaller altcoin exchanges.
    2. There are numerous bots for all major pairs that will fill your orders completely most likely even though they aren't visible on order books. That's primarily how I do it.
    3. You can use bridge service to internally convert assets even faster for some fee but with good liquidity.

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        ·  8 years ago 

      Hello I'm trouble finding a bot myself, do you have a download link?

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          ·  8 years ago (edited)

        @fxminer Probably because Bitshares does no marketing and rarely does interviews and such. At least i never hear about them for the past 2 years. Also it's highly confusing with bridges and gateways and weird coin names.

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            ·  8 years ago 

          gateway = how polo works
          bridges = basically shapeshift

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            2 votes