Hmmm its interesting that trading view knows thats absurd and doesn’t show it on the order book chart, my mistake.
Thats not a real offer, thats someone hoping for a fat finger
Yes we will have to wait some time before the market finds its price.
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What happened to your market making?
Unless your that .0001 xlm/grin I don’t see major orders and that ones extremely “optimistic”
Premature at best, unless for someone who wants to waste money. Trading is a game of patience and grin does not even have a price on BTC markets, let alone vs XLM.
Thats what market making is, if you have enough money to buy out a market, you set a price, flood the market with your liquidity and take a percentage acting as a middle man; hopefully setting your price sensibly to not ruin yourself acting as sort of a bookie.
Market making is exchange and currency specific - i.e. not for the entire global market - if that’s what you mean. https://www.investopedia.com/terms/m/marketmaker.asp
So again, IF needed we will provide liquidity for our specific Anchor service on Stellar against a specific pair GRIN/XLM and for interested Grin buyers.
And for this, as I mentioned in initial post, we will not operate in a volatile market as we are not speculators, and we will wait for the market to mature - should that service even be needed.
Cut out the fancy terms and the context of a healthy market and I’m saying the same thing as investopedia.
It should have been clear from context when I asking whos going to try being a market marker now, I meant in the context of a deeply non-functional market, so a market maker is acting as a bookie between price predictions by providing the market with liquidity.
No you are out of context. This is very common practice for Stellar anchor operators and documented in their guides for asset issuers so again:
https://www.stellar.org/developers/guides/issuing-assets.html#provide-liquidity-for-your-asset
This is the second anchor I am operating and I am following the best practices, that’s all there is.
The U.S. Securities and Exchange Commission defines a “market maker” as a firm that stands ready to buy and sell stock on a regular and continuous basis at a publicly quoted price.
The context of market conditions is not part of the definition; and even if it was it would have been erased as my questions were always about “at launch”.
You must be kidding, marker maker is still FREE (free market is what we are talking about) to decide when and how he provides liquidity… so quoting/explaining myself for the nth time: "Provided the price volatility remains “reasonable”
I am here to provide a very specific service for stellar users who’d be interested in using Grin, setting up an anchor proves a useful service (already done so in the past). Even more so as I also operate a marketplace on Stellar and I believe cryptocurrencies should be used for spending and not just speculated upon and Grin has advantageous properties in this regard (although I may be wrong).
Anchor operators are expected to also provide liquidity (see stellar documentation), and - should the need be, and the conditions allow - that is exactly what I said I would do - out of volatility again. Sounds simple, fair enough to me.
Early adopters should be aware that GRIN/XLM market is likely to lack liquidity initially. Provided the price volatility remains “reasonable”, we will likely operate as market maker against XLM to encourage more trades.
Initially is the time context of the paragraph; reasonable is in scare quotes and combined with remains implies its part of the last mentioned time context. I very well read what I wanted to hear, but this is ambiguous.
“The middle east has a peace summit. Provided the situation remains “peaceful”. Doctors without boarders will expand its efforts in the refugee crisis”
You would still expect the volunteer doctors after reading this, to be signing up for being near gun fire, but maybe not heavier weaponry. Or something like that, no?
Scare quotes in this context mean “I’m using this word incorrectly, intentionally”
You followed this up with
a handful of passionate guys.
purpose is to facilitate trades, not speculate
I took this to mean you were going above and beyond “best practices” or “common sense”. And your goal was to not profit off your market making directly, but rather to attract the earliest volume to your platform. You would risk maybe a few days worth of income at a slight loss or something and it was written off as advertising in the event this account failed.
Quotation marks were likely to mark the light sarcasm out of the ambiguity of qualifying volatility as reasonable realizing the subjectivity of what it defines (risk…). Now English not being my native language something may have come unclear.
To clarify I meant that I will not be going out in the wild buying Grin as long as we see these absurd premiums and bargain ask along with 100-500% spreads. I need a solid price, volume and mature markets to run my liquidity bot - and indeed, the goal is not about profit - just a potential provider of liquidity to anchor users.
Thats the common use of scare quotes thats hit mainstream english, on the parts internet its expanded to bridge the gap between quotes and scare quotes
"Yes, I did buy a bunch of “shit"coins” would be sarcastic
" “trumps wall” and “obamacare”, are political theater, as you can find examples of bipartisan bill pushing for the same thing mere years before that went unopposed" Is not necessarily sarcastic, its using the implied audiences definition.
Expanding on it further “bitcoin with its “pow” is not like paypal or egold” is suggesting a technical term for the audience to google.
A few years of all this, scare quotes to me and parts of the internet I frequent like coin speculation forums literally means “I’m using this word wrong, figure out how from context”
no coins yet? saw a madman paid a 100 dollars for a 1 coin. lol I guess its his ego that make him do it, everyone wants to be known for something… lol
some available for 11 dollars each on that bisq exchange but its minimum 1500 dollars for 160 or something.
have anyone else seen any sales?
fred: why isn’t the trades showing up in the stellar blockEq wallet? shouldn’t they show from stellar port?
The anchor is slowly building. You can see the complete anchor activity and stats here:
https://stellar.expert/explorer/public/asset/GRIN-GCNR3JUD6XFNFZOPDK63EI57QYIOEJDLZMG24IR5KYSORCWRTPUBRWOM
Yes there were very “enthusiastic” trades on Bitmesh.
It seems BlockEQ interface does not show the trade history, only the order book. Lobstr wallet (mobile) has the history and their web interface is quite friendly too.
Or (self promotion incoming) in a couple weeks we will be releasing the marketplace update for https://litemint.com and the trade UX is really top on mobile 
Litemint is also supporting #proofOfKeys noncustodial.
Looks like last night was pretty agitated 
To deposit or withdraw if no one is online (live chat), send an email to hello@grinpay.org - things will get automated next week. Any issue you can also drop me a DM or post here, I read this forum regularly.
i love u monkyyy
ur morals and stubborn is gold on a spaceship
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I don’t have the vaguest idea what that idoim is
But your ok too drugy voldy
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Update:
I have now completed the implementation of automated deposits.
Simply send to:
https://wallet.grinpay.org/YOUR_STELLAR_ADDRESS - your Stellar account will be credited after 20 confirmations. Any issue, feel free to ping me.
(if your wallet/system does not support https, http works as well)
example:
grin wallet send -d https://wallet.grinpay.org/GCNR3JUD6XFNFZOPDK63EI57QYIOEJDLZMG24IR5KYSORCWRTPUBRWOM 60.00
Automated withdrawals coming next… bare with me.