You are viewing a single comment's thread from:

RE: How BitShares protects MPAs using Margin Calls

in #bitshares7 years ago (edited)

first blockchain buy should put my in the safe position, but this didn't happend. Why?

Second question.
What happens in such a situation?
I have 1000 USD DEBT and 300 USD on my Balance
and 1 sec ago i was Margin Called

I hope that it in the first place the existing amount will be deducted from the balance
And then everything will be recalculated again
But is that true?

Sort:  

first blockchain buy should put my in the safe position, but this didn't happend. Why?

The word "safe" in "Alice's position is safe again" is only from the POV of the blockchain.
It is true that Alice will remain in margin call territory until either the price feed returns to its original position, or Alice updates her short position. In a liquid market this means that in fact the entire short position will be matched with orders on the market.

I have 1000 USD DEBT and 300 USD on my Balance
and 1 sec ago i was Margin Called

Your balance is not touched. The margin call is only executed against the market.

thanks for explanation, I have one more question
How to buy yellow margin offer from the market
direct click on that offer does not cause purchase

I would think that placing a limit order at about 10% above the settlement price would be sufficient. That might require some calculations on your own, I'm not really familiar with the UI, sorry.

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 96900.40
ETH 3351.13
USDT 1.00
SBD 3.19