You are viewing a single comment's thread from:
RE: DEXBOT Progress Report for 24th February 2018
This is great!
Just please have in mind that the bot shouldn't be the one driving down the price during margin calls.
Because in my opinion it hurts the bitshares DEX and creates fear of borrowing bitassets.
I don't know exactly how to prevent it but during the last margin calls there were bots constantly underbidding the call, making the people lose more money than necessary.
This bot will powerfully counter that problem. Cascading margin calls will be reduced by the additional liquidity provided with these bots. These bots will support the price of BTS when going down, and also resist it from going up too easily, which would just make a bubble hurting shorters. These bots will not make any predictions and sell BTS when it looks bad, neither will they buy BTS when it looks good. Other bots and emotional traders create all the spikes both ways. This bot will help calm things down, adding friction both ways. This should decrease the risk of shorting, which could result in more shorting MPA's.
That's very comforting to hear, and exactly what I was hoping for. Can't wait for the market maker bot to be ready and play around with it.
So do you think the current bots that are 'cascading' the dex are all personal ones with investment agendas?
I somehow, maybe naively, thought that they were market maker bots that were programmed wrong.