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logo Black Armani Emporio loafers logo loafers Black 61nwnHdqI

WAVES SHORT opportunity for bears
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Nxtblg :
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Quote from: JollyTrades on May 27, 2016, 11:12:31 AM

Quote from: coinsocieties on May 27, 2016, 10:52:29 AM

If no one bet for this so far, I would like to try with my bet of -10.5 BTC inclucing the application fee.


OK. So now you will need to specify a stop-loss price at which you will be forced to buy back WAVES. Then, you will need to find an escrow, deposit him or her the amount of the collateral you need based on your stop-loss price, after which I will deposit the escrow's WAVES ICO account 10 BTC, after which you will send me 0.5 BTC.
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The escrow should withdraw his or her WAVES from the ICO account to a reliable exchange, and give API access to you. You will be trading through the API, with the condition that the escrow is going to dismiss your API access, cancel all your orders, and buy WAVES tokens with the balance in case your stop-loss is hit, so that there will be enough WAVES in the account to pay your debt.
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I should be informed beforehand about the exchange on which the trading take place. I have the right to cancel the bet if I don't like the proposed exchange, in which case everyone gets their money back.
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Sounds like you found a taker...
JollyTrades :
Quote from: Nxtblg on May 27, 2016, 12:49:26 PM

Sounds like you found a taker...


I thought there would be no taker at all. Now there are two of them, one of whom contacted me via PM. Whoever could come up with the escrow and the other details arranged, he or she will take the ask.

Best,

Jian
IOTUSA :
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Sure, I would absolutely like to take a bet that Waves is the first Crypto-ICO in history where the asset drops below ICO value on first day trading. :)
Nxtblg :
Quote from: JollyTrades on May 27, 2016, 02:43:41 PM

Quote from: Nxtblg on May 27, 2016, 12:49:26 PM

Sounds like you found a taker...


I thought there would be no taker at all. Now there are two of them, one of whom contacted me via PM. Whoever could come up with the escrow and the other details arranged, he or she will take the ask.

Best,

Jian


Well, congratulations! This'll be an interesting experiment: a pure OTC short.
JollyTrades :
Quote from: IOTUSA on May 27, 2016, 02:52:01 PM
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Sure, I would absolutely like to take a bet that Waves is the first Crypto-ICO in history where the asset drops below ICO value on first day trading. :)


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Quote from: JollyTrades on May 27, 2016, 11:12:31 AM

OK. So now you will need to specify a stop-loss price at which you will be forced to buy back WAVES. Then, you will need to find an escrow, deposit him or her the amount of the collateral you need based on your stop-loss price, after which I will deposit the escrow's WAVES ICO account 10 BTC, after which you will send me 0.5 BTC.
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The escrow should withdraw his or her WAVES from the ICO account to a reliable exchange, and give API access to you. You will be trading through the API, with the condition that the escrow is going to dismiss your API access, cancel all your orders, and buy WAVES tokens with the balance in case your stop-loss is hit, so that there will be enough WAVES in the account to pay your debt.
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I should be informed beforehand about the exchange on which the trading take place. I have the right to cancel the bet if I don't like the proposed exchange, in which case everyone gets their money back.


So, with you included, there are three candidates for the ask. As I said, whoever comes up with the escrow and the details, he or she takes it.
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Best,

Jian
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