Author Topic: BTS long term support  (Read 29145 times)

0 Members and 1 Guest are viewing this topic.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Honestly I think this is hilarious.  I've literally been watching Bytemaster sell over the past several weeks, wondering when "this whale" would run out. 

If the tax selling is done, thats very good for BTS, as it should stabilize back up to 5000 sat. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline bytemaster

Devs are not top holders. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Good to know, thanks.

If recently means 'the past three weeks', then I believe this mostly explains the drop from ~5500 to 4000 satoshis during a low volume pullback.  Some of the unlocked balances being sold, and the general drop in bitcoin would explain the rest of the decline.

If recently means the past 2-3 months, then it only explains part of it and there need to be a couple more bearish whales.


One positive from this in terms of decentralization is that the top holders of BTS now have ~10M less, or .4% of all supply. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline nomoreheroes7

  • Hero Member
  • *****
  • Posts: 756
  • King of all the land
    • View Profile
  • BitShares: nomoreheroes7
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

So I have you to thank for that cheap BTS? Thanks BM! I knew you loved me.  :-*


Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

And there's the sell pressure.

lzr1900

  • Guest
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.
oh,you pull the trigger..

Offline cusknee

  • Full Member
  • ***
  • Posts: 174
    • View Profile
  • BitShares: cusknee
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Bad for you but good to know "whale wise". So many positive things have been done in the past five months as explained in the news letter and the latest episode of Bitshares.tv. Onward and upward.

Offline blahblah7up

  • Full Member
  • ***
  • Posts: 192
    • View Profile
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.

Thanks for sharing that.

Offline BTSdac

  • Hero Member
  • *****
  • Posts: 1219
    • View Profile
  • BitShares: K1
The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there.
I am shocked
github.com :pureland
BTS2.0 API :ws://139.196.37.179:8091
BTS2.0 API 数据源ws://139.196.37.179:8091

Offline bytemaster

The team as a whole owes $100,000 in taxes and has had to sell 10m bts recently.

A small whale right there. 
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline roadscape

I would be comfortable if it was I3 and not some big whales giving up hope.  It is not easy to capture a big whale, you know.  You need a big boat, big equipment/machines, lots of manpower especially skilful sailors and a good bit of luck. 

However, if it was I3, it would be natural since they are expected to spend as the software development progresses.

 +5%
http://cryptofresh.com  |  witness: roadscape

Offline cube

  • Hero Member
  • *****
  • Posts: 1404
  • Bit by bit, we will get there!
    • View Profile
  • BitShares: bitcube
Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)

I would be comfortable if it was I3 and not some big whales giving up hope.  It is not easy to capture a big whale, you know.  You need a big boat, big equipment/machines, lots of manpower especially skilful sailors and a good bit of luck. 

However, if it was I3, it would be natural since they are expected to spend as the software development progresses.
« Last Edit: February 13, 2015, 04:52:48 am by cube »
ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.

Offline jsidhu

  • Hero Member
  • *****
  • Posts: 1335
    • View Profile
Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)
Ofcourse we all have those thoughts but csnt do anything... If u were in that position what would you do? Its good they sell now it distriubutes better.. Better now than at higher price
Hired by blockchain | Developer
delegate: dev.sidhujag

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
And of course, that was all just speculation, its to like I know for a fact that its true or anything, just my guess.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Ander stop watching price so closely i used to make similar assumptions.. in the end it coukd be a combination of ppl selling and others buying arbing or getting in other investments.. its probably not a single whale.

It would be funny if it was I3. ;)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads