(I don't think any of those have rounding issues currently.)
The first one is wrong by an order of magnitude 
Spreadsheet
0,00001000 1000,00000000 0,10000000 contact OP 0,01000000
OP
0.000010 / 1000 MRO / 0.1 / contact OP
0,01 became 0,1
Topic: [CLOSED] MRO Monero trading thread and OTC xchg - page 23. (Read 31592 times)
Spreadsheet
0,00001000 1000,00000000 0,10000000 contact OP 0,01000000
OP
0.000010 / 1000 MRO / 0.1 / contact OP
0,01 became 0,1
The problem is: in cases where the orders are mathematically incorrect, what to do?
Consult what the trader actually posted. No one is going to be held to something other than what was posted. Most times people post only 2 of the 3 numbers and I calculate the 3rd, but there is sometimes rounding involved with displaying it. Also keep in mind these are postings on an OTC order listing, not fully committed orders (other than those in bold).. If people don't honor their orders, the only recourse is for me to take the order down to at least keep the listing clean. (This was a big probably with the Google Docs one.)
For the trades where I'm involved, I will definitely honor the best version of what is posted and take the difference out of my pocket if necessary. (I don't think any of those have rounding issues currently.)
All I see are rounding issues. The way the orders are specified on the thread it isn't always possible to come up with round numbers that exactly multiply out. There may be typos as well that I missed. If so please point them out.
The problem is: in cases where the orders are mathematically incorrect, what to do?traders: take advantage of it to sell higher or buy cheaper.
OP (smooth): either say you won't correct mistakes or else correct them (more time-consuming, a spreadsheet helps). Up to you (work for free/half-empty glass or community-building/half full glass)
Some more stats now
Code:
Buy orders
Average 0,00018907
Median 0,00020000
Sell orders
Average 0,00122500
Median 0,00122500
Executed trades
Average 0,00025767
Median 0,00021300
1. sellers are selling at less that what buyers are ready to pay for!
2. the price of monero just decreased
Looks like there are some typos. I entered the values in a spreasheet and recalculated BTC amount.
All I see are rounding issues. The way the orders are specified on the thread it isn't always possible to come up with round numbers that exactly multiply out. There may be typos as well that I missed. If so please point them out.
price / qty / btc / trader
Bids (to buy)
Looks like there are some typos. I entered the values in a spreasheet and recalculated BTC amount.Bids (to buy)
Code:
Buy
Unit price MRO
0,00001000 1000,00000000 0,10000000 contact OP 0,01000000
0,00016700 15000,00000000 2,50000000 MadCow 2,50500000
0,00017500 2000,00000000 0,35000000 pandher 0,35000000
0,00018000 2000,00000000 0,36000000 NWO 0,36000000
0,00020000 2500,00000000 0,50000000 Joshuar 0,50000000
0,00020000 2500,00000000 0,50000000 LawBC 0,50000000
0,00020000 7500,00000000 1,50000000 boomboom 1,50000000
0,00020000 5000,00000000 1,00000000 Cloudpost 1,00000000
0,00020000 5000,00000000 1,00000000 contact OP 1,00000000
0,00021000 10000,00000000 2,10000000 eizh 2,10000000
0,00021500 4561,00000000 1,00000000 superresistant 0,98061500
0,00022500 2000,00000000 0,45000000 MilkyWayMasta 0,45000000
0,00023000 10000,00000000 2,30000000 JohnHolmes 2,30000000
0,00023500 436,00000000 0,10000000 dnaleor 0,10246000
Sell
Unit price MRO
0,00045000 1000,00000000 0,45000000 Cloudpost 0,45000000
0,00200000 100,00000000 0,20000000 GreekBitcoin 0,20000000
Average buy and sell orders so far
- buy 18907 satoshi
- sell 17500 satoshi
(yes, sell is lower than buy)
As foralready executed trades, the average is at 25767 satoshi. But this is an average, not a median, so it is less representative.
I think he's talking about the total 18m supply. Of course we won't even be near that for years.
I'm not sure "future market cap at current price" has any meaningful interpretation.
By the way, your reported trades missed jayaitch's 5000 MRO executed @ 0.000350 today.
Why such a convoluted order process?
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
4500 BTC? There are 280k coins in existence. Your math is off by more than an order of magnitude.
I think he's talking about the total 18m supply. Of course we won't even be near that for years.
Why such a convoluted order process?
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
4500 BTC? There are 280k coins in existence. Your math is off by more than an order of magnitude.
excuse me?
I'm simply letting users understand the reality; the valuation of this alpha level coin in such an immature state is obscene, it's only thanks to the high difficulty, high barriers to entry and illiquidty of the market.. having to resort to forum based orderbook that someone would pay so much.
I'm simply letting users understand the reality; the valuation of this alpha level coin in such an immature state is obscene, it's only thanks to the high difficulty, high barriers to entry and illiquidty of the market.. having to resort to forum based orderbook that someone would pay so much.
Liquidity is a nice excuse, and also false. In addition to the many other orders that are p2p, I have an order to buy 2000 coins on escrow right now. You are welcome to sell into that order. You can have BTC in on the way to you in exchange for your obscenely overvalued Monero within 3 minutes. Okay? After that you can probably sell another 10000 within an hour or two.
There is nothing wrong with this order process. When you consider the problems that have been caused by centralized exchanges (including $400 million getting stolen in one case), direct trades OTC might well be better.
Please suspend my WTS. Too many buyers on queue. Thanks.
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Much too optimistic at this early stage
What is your price to sell?
As much as I could feasibly get..
I'm not following.
How many coins do you want to sell?
At what price?
Do you wan to use escrow?
Those are the relevant questions to participate on this thread.
If you want speculate about what you think the price should be but not put money behind it, you are in the wrong place.
excuse me?
I'm simply letting users understand the reality; the valuation of this alpha level coin in such an immature state is obscene, it's only thanks to the high difficulty, high barriers to entry and illiquidty of the market.. having to resort to forum based orderbook that someone would pay so much.
Wait till a pool comes out and wallet GUI instead of forking out BTC and you will get more bang for your buck.
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Much too optimistic at this early stage
What is your price to sell?
As much as I could feasibly get..
I'm not following.
How many coins do you want to sell?
At what price?
Do you wan to use escrow?
Those are the relevant questions to participate on this thread.
If you want speculate about what you think the price should be but not put money behind it, you are in the wrong place.
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Much too optimistic at this early stage
What is your price to sell?
As much as I could feasibly get..
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Much too optimistic at this early stage
What is your price to sell?
Why such a convoluted order process?
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage
Orders updated
Please change my bid:
WTB 426 MRO for 0.1 BTC
0.000235 / 426 MRO / 0.100 / dnaleor
WTB 426 MRO for 0.1 BTC
0.000235 / 426 MRO / 0.100 / dnaleor
WTB 10k MRO for 2.3 btc
WTB 2000 MRO @ 0.000225 BTC = 0.45 BTC
Quote
0.000225 / 26 MRO / 0.0055 / dnaleor
please change my order to
WTB
0.000225 / 436 MRO / 0.098 / dnaleor
excuse me, my friend told me to buy more. he is not on the forum...
I edited my message
Updated
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