Logged Conversation (all times UTC)
[04:13] <stellar-slack> A year or two stars should went bankrupt!
[06:34] <stellar-slack> Hello, My friend have a account was created a month ago. He had completed all the step, but only receive 50 STR. Who can explain for me?
[06:42] <stellar-slack> The only possible explanation of the reason is: the star to collapse!
[07:00] <stellar-slack> @accd1002: I don't think so, wait admin explained.
[07:08] <stellar-slack> They do not have to explain! I'm used to it!
[07:43] <stellar-slack> chinese?
[07:43] <stellar-slack> @joker: handouts are paused for the time being
[11:03] <Kwelstr> joker, the announcement is here: https://stellartalk.org/topic/7157-educational-giveaway-program-temporarily-paused/
[11:03] <Kwelstr> the giveaway is paused
[13:55] <ADSactly> hey is this the Stellar Room?
[13:55] <ADSactly> OK I need some help
[14:08] <stellar-slack> HELP~
[14:14] <stellar-slack> and ?
[14:16] <stellar-slack> OK well I have been trying to Trade my XNF into STR
[14:16] <stellar-slack> its quite near impossible
[14:17] <stellar-slack> can I just send somebody some XNF and they send me some STR
[14:17] <stellar-slack> that seems like a much easier route
[14:21] <stellar-slack> where are you do these trades , the Stellar client or http://xnftrading.com|xnftrading.com ?
[15:51] <stellar-slack> stellar client
[16:31] <stellar-slack> adsactly: there are trade orders on the Stellar client between XNF/STR, I can see them on the trade book
[16:31] <stellar-slack> XNF/STR (http://xnftrading.com|xnftrading.com)
[16:31] <stellar-slack> HIGHEST BID PRICE
[16:31] <stellar-slack> 5001
[16:31] <stellar-slack> LOWEST ASK PRICE
[16:31] <stellar-slack> 5500
[16:55] <stellar-slack> hey @adsactly - welcome! I just responded to your query in the knowledge center, but I'm happy to respond here
[16:55] <stellar-slack> whichever is better for you
[16:55] <stellar-slack> Can you go into a little more detail here? A screenshot of the orderbook, including your order, would be helpful - or a summary of the spread, and what price you posted.
[16:59] <stellar-slack> Now I lost some of STR?
[16:59] <stellar-slack> OK I placed the BID to Sell 10 XNF at 5500 STR
[16:59] <stellar-slack> The Order is accepted but nothing happens after that
[17:00] <stellar-slack> is nobody willing to buy my STR for 5500 STR Each?
[17:07] <stellar-slack> ah @adsactly if your bid is higher than what people are willing to pay for it (which according to @kwelstr is currently 5001), then the order won't get fulfilled. The order itself is successful, but will not be fulfilled until there is a match.
[17:07] <stellar-slack> Does that make sense?
[17:08] <stellar-slack> (You can always cancel your order and put in another, if you want to be sure to sell them immediately)
[17:08] <stellar-slack> Yes however I thought when it clearly states under the ASKS that is what they are asking for 5500 STR
[17:13] <stellar-slack> Someone who's a more experienced trader is welcome to jump in here - but my understanding is that "asks" are indicators of what people are selling for. "Bids" are what people are willing to buy for. Again, I would definitely not call myself a trading expert, but that's my understanding. (external reference: https://en.bitcoin.it/wiki/Currency_exchange)
[17:16] <stellar-slack> So to put it another way, if you want to be sure your order will be fulfilled, you should make sure your ask matches the highest bid
[17:50] <stellar-slack> community reminder: if you're looking for a good volunteer project, we'd loving a "Trading 101" guide :simple_smile: https://trello.com/c/lK7RMCPi/36-content-trading-101-guide
[18:14] <stellar-slack> Maybe this is up @garth's alley? Happy to jot down some key questions I have about trading to help get us started
[18:24] <stellar-slack> adsactly: the asks mean for how much someone is willing to sell, so you place an ask order and then you wait until someone is willing to pay your price. The bids are how much someone is willing to pay, so you could take the bid price and make the trade instant. But always look at the quantity they are selling.
[18:24] <stellar-slack> :thumbsup:
[18:25] <stellar-slack> @vanessa thanks for thinking of me. This is exactly up my alley. When I launch my eQuid pilot members will be able to earn eQuid by volunteering their time with organizations like Stellar. I am happy to talk more about this in pm if you like.
[18:27] <stellar-slack> @garth: when are you launching??? I am so excited for this!!!
[18:28] <stellar-slack> adsactly: so right now you could sell only 1 XNF for 5001, the next order is 5 XNF for 5000.001 and then it goes down to 5 XNF at 4802 each. So you could leave your sell order as is and wait for someone wanting to buy at that price, or you could sell some for less and get your STR right away.
[18:30] <stellar-slack> Was shooting for June 1 but don't think that will happen. Mid to late June for sure.
[18:30] <stellar-slack> awesome news @garth
[18:33] <stellar-slack> +++++
[20:06] <stellar-slack> OK I see now thank you so much guys :simple_smile:
[20:36] <stellar-slack> No problem @adsactly :simple_smile:
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