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Offline blahblah7up

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Why is BTS suddenly shooting up?
« on: November 29, 2014, 10:42:52 AM »

I think it's undervalued in any case, but what changed now?

Offline matt608

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Re: Why is BTS suddenly shooting up?
« Reply #1 on: November 29, 2014, 11:02:10 AM »

Offline Markus

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Re: Why is BTS suddenly shooting up?
« Reply #2 on: November 29, 2014, 11:53:11 AM »
The guy who has been dumping BitShares on BTC38 in blocks of a million for the last three weeks ran out a day or two ago.

Offline blahblah7up

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Re: Why is BTS suddenly shooting up?
« Reply #3 on: November 29, 2014, 12:00:49 PM »
The guy who has been dumping BitShares on BTC38 in blocks of a million for the last three weeks ran out a day or two ago.

Maybe, but the volume's also way up.  It might cross 1M for 24 hour volume soon.  It's already over 900k.  That hasn't happened in a while.

Regardless of the error noted on coinmarketcap.com regarding volume the last couple days, volume was much lower.

Offline eagleeye

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Re: Why is BTS suddenly shooting up?
« Reply #4 on: November 29, 2014, 12:22:41 PM »
lots of positive developments have been happening.

- Online wallet starting to be developed by Shentist.
- MeTHoDx doing a large marketing effort
- Bitshares.org has a new website which rocks.


Now I hear there is a shopping cart plugin.

Offline unimercio

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Re: Why is BTS suddenly shooting up?
« Reply #5 on: November 29, 2014, 12:25:36 PM »
lots of positive developments have been happening.

- Online wallet starting to be developed by Shentist.
- MeTHoDx doing a large marketing effort
- Bitshares.org has a new website which rocks.


Now I hear there is a shopping cart plugin.
.   +5% +5% +5%. Something wicked this way come...
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Offline Empirical1.1

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Re: Why is BTS suddenly shooting up?
« Reply #6 on: November 29, 2014, 02:37:23 PM »
lots of positive developments have been happening.

- Online wallet starting to be developed by Shentist.
- MeTHoDx doing a large marketing effort
- Bitshares.org has a new website which rocks.


Now I hear there is a shopping cart plugin.
.   +5% +5% +5%. Something wicked this way come...

 +5% A lot positives building up momentum towards the main push.

https://bitsharestalk.org/index.php?topic=11570.msg155757#msg155757

I managed to add to my position before this nice move. It is a big move though and Counterparty is trending down, so the thought crossed my mind that Overstock could switch to BitShares but that's maybe a little too optimistic.

Offline Troglodactyl

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Re: Why is BTS suddenly shooting up?
« Reply #7 on: November 29, 2014, 02:51:23 PM »
lots of positive developments have been happening.

- Online wallet starting to be developed by Shentist.
- MeTHoDx doing a large marketing effort
- Bitshares.org has a new website which rocks.


Now I hear there is a shopping cart plugin.
.   +5% +5% +5%. Something wicked this way come...

 +5% A lot positives building up momentum towards the main push.

https://bitsharestalk.org/index.php?topic=11570.msg155757#msg155757

I managed to add to my position before this nice move. It is a big move though and Counterparty is trending down, so the thought crossed my mind that Overstock could switch to BitShares but that's maybe a little too optimistic.

I've been wondering about CounterParty.  The last few days have certainly looked bad for them, but it could just be all the people who panic bought with the Overstock announcement getting bored and wandering off.  I do think BitShares would be a better base for Overstock than CP, so it would be nice if they figured that out before they sink too much development time.

Offline blahblah7up

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Re: Why is BTS suddenly shooting up?
« Reply #8 on: November 29, 2014, 04:28:40 PM »
BTS just past 1M in 24-hour volume on coinmarketcap.com!

Offline islandking

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Re: Why is BTS suddenly shooting up?
« Reply #9 on: November 29, 2014, 05:30:03 PM »
BTS just past 1M in 24-hour volume on coinmarketcap.com!

That is really great news. Hopefully we can sustain that.
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Offline mike623317

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Re: Why is BTS suddenly shooting up?
« Reply #10 on: November 29, 2014, 06:05:58 PM »
lots of positive developments have been happening.

- Online wallet starting to be developed by Shentist.
- MeTHoDx doing a large marketing effort
- Bitshares.org has a new website which rocks.


Now I hear there is a shopping cart plugin.

Now i love that idea. I didnt know about that.

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Re: Why is BTS suddenly shooting up?
« Reply #11 on: November 29, 2014, 06:33:01 PM »
I think it's undervalued in any case, but what changed now?

If BTS were any other coin ... I'd say this is a pump & dump that will settle back to 4700 or so very soon.

Offline Empirical1.1

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Re: Why is BTS suddenly shooting up?
« Reply #12 on: November 29, 2014, 07:08:18 PM »
I think it's undervalued in any case, but what changed now?

If BTS were any other coin ... I'd say this is a pump & dump that will settle back to 4700 or so very soon.

Yeah, I think BitShares is on the rise now in general, a lot of good things coming together, but this move was too much, too quick, unless there's a specific reason. At the same time there's a lot of people that divested some of their original position around merger time or before and they will buy back in and hold as we rise, so I expect it to keep some of the gains.
« Last Edit: November 29, 2014, 07:10:43 PM by Empirical1.1 »

Offline donkeypong

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Re: Why is BTS suddenly shooting up?
« Reply #13 on: November 29, 2014, 09:14:22 PM »
It's nearly all Chinese volume. Payday usually comes at the end of the month there. Buyers are guessing they have one or two more chances to get in before this thing goes up. I have no way of knowing for sure, but that would be my #1 guess.

Offline luckybit

Re: Why is BTS suddenly shooting up?
« Reply #14 on: November 29, 2014, 09:18:59 PM »
I think it's undervalued in any case, but what changed now?

It's a pump and dump. There is no logical reason for money to come in that quickly so you can expect it to fall out just as quickly.

It's also the holiday season and it's very possible that people want to pump and dump to shake weak hands so they can use the money to buy Christmas gifts. I don't trust the markets at these times as the incentives and timing seem to suggest pump and dump activity.
It's nearly all Chinese volume. Payday usually comes at the end of the month there. Buyers are guessing they have one or two more chances to get in before this thing goes up. I have no way of knowing for sure, but that would be my #1 guess.


Could be the Chinese or it could be Americans using the Chinese exchanges. If it's the Chinese it doesn't make any sense why we'd see a huge price movement but maybe people from China can clue us in?
« Last Edit: November 29, 2014, 09:20:47 PM by luckybit »
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