Post
Topic
Board Bitcoin Discussion
Re: Fixing Volatility
by
franky1
on 09/12/2018, 20:53:28 UTC
2. make it so that the orderlines dont increment in 100cent slots. make it so each order line is 1cent difference
2. if you really want to try influencing the market..
have buys do orderlines of micropenny movements
and sells move in dollar amounts

this is already the "option" you can place orders with $0.01 increments in most exchanges and at least on one of them they use the 8 decimal points like bitcoin has LOL. but that doesn't fix the volatility problem because it is the "option" to open orders like that, in a market you can not force people to set their orders at the price you decide. they can choose to place an order $0.01 above the previous one or $100 above the previous one. not to mention that this doesn't make sense the higher the price goes. for example you can't expect people to place a buy order at $50,000.01 then at $50,000.02

the way to fix it is to find a way to get more people to trust exchanges enough to open orders in first place instead of going elsewhere to trade bitcoin or pull their money out every time they make a trade. so that we can have a more crowded orderbook so one small dump can not crash the price big time.

exactly
optional,
no force
open order book $0-50k+

im not saying forcing should be allowed/compulsary im just saying it is possible

EG closed range orderbook only allowing a 5% variant a day where if a price is currently say $4k then buys set orderlines can only be presented down to say 3960(-1%) and sell orderlines can only go up as far as 4160(+4%)
thus also helping the pressure on the buys/sell by favouring a upward movement.

or being fair with a 3900(-2.5%)-4100(+2.5%) orderbook

again im not saying it should be done. just that it could be done