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Offline Rune

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Lets get some BTS and BTC on poloniex for the coming rally
« on: February 23, 2015, 11:51:29 PM »

Despite the recent terrible setback of bter getting hacked I think bitshares could be looking at least at a medium sized rally coming up, since we're currently so ridiculously undervalued.

However if such a rally is to get us any new users we need a way they can easily get into BTS, and unfortunately bter took that away from us. We can't expect new users to go through the painful btc38 user experience, so I think anyone who's actively trading should be moving some of their funds to poloniex so we can get some volume and a populated order book going. This will also have the effect of reducing shapeshifts currently crazy high spread for BTS.

Who's with me in getting some walls going? :)
« Last Edit: February 23, 2015, 11:55:52 PM by Rune »

Offline speedy

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #1 on: February 24, 2015, 12:01:43 AM »
Isnt the way to encourage a rally to take BTS OFF the exchanges? - make it scarce. Anyone who is actively trading should be using the BitBTC market anyway.

When poloniex gets goxxed, I will shed more crocodile tears.

Edit: looks like theyve been mini goxxed already: https://bitcointalk.org/index.php?topic=499580 just like when Bter lost their NXT first and then all their BTC.
« Last Edit: February 24, 2015, 12:13:47 AM by speedy »

Offline Pheonike

Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #2 on: February 24, 2015, 12:03:21 AM »

I just bought some BTS at Bittrex. Need to to get to list some BitAssets.

Offline Rune

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #3 on: February 24, 2015, 12:14:59 AM »
Isnt the way to encourage a rally to take BTS OFF the exchanges? - make it scarce.

When a new user wants to get into bitshares, what they will do is to look at CMC for which exchanges have any volume. If there's no exchange with any BTS/BTC volume then theres no way for them to get in. They'll give up and will not become a new user.

Trying to "encourage" a rally by reducing liquidity and volume is probably about the most counterproductive thing you could do.

On the other hand if we take a price rally and turn it into higher liquidity and new users, then it will become something that actually gives us long term value, which is the only thing we are interested in.

Quote
Anyone who is actively trading should be using the BitBTC market anyway.

When poloniex gets goxxed, I will shed more crocodile tears.

not sure if serious...

Offline Ander

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #4 on: February 24, 2015, 12:18:39 AM »
We all need to remove every single BTS we own from all exchanges. 

When we want to buy BTS, we deposit money on the exchange, buy BTS, and immediately remove it.  Always.  Immediately.

When we want to trade we use the Bitshares Decentralized exchange exclusively.  Only ever send BTS back to exchanges for permanent cashing out.


Please give me a time machine so I can go back and do this with bter.  I will only ever use the decentralized exchange ever again.  Hopefully many of us will learn this lesson from the bter hack in a way that doesnt cost us much except for pain, or a little BTC.  I don't ever plan to have much BTS on an exchange for more than like an hour or so, ever again.
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Offline onceuponatime

Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #5 on: February 24, 2015, 12:19:34 AM »
I just signed up at poloniex.com

But, I can't see how to deposit. Could you point it out to me please.

Offline Ander

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #6 on: February 24, 2015, 12:23:07 AM »
I just signed up at poloniex.com

But, I can't see how to deposit. Could you point it out to me please.

Its the big button that says "Trust your cryptocurrency with us instead of holding the keys yourself, we TOTALLY wont get hacked and make you lose everything, we promise".
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Offline onceuponatime

Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #7 on: February 24, 2015, 12:25:26 AM »
I just signed up at poloniex.com

But, I can't see how to deposit. Could you point it out to me please.

Its the big button that says "Trust your cryptocurrency with us instead of holding the keys yourself, we TOTALLY wont get hacked and make you lose everything, we promise".

I've been around the block a few times Ander. Save your sarcasm for someone who appreciates that in lieu of a straight answer to a straight question.

Offline liondani

Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #8 on: February 24, 2015, 12:28:01 AM »
what about cfsgold etc. ? Can you establish on poloniex the market makers you said with riverhead?

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Offline Rune

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #9 on: February 24, 2015, 12:29:37 AM »
We all need to remove every single BTS we own from all exchanges. 

When we want to buy BTS, we deposit money on the exchange, buy BTS, and immediately remove it.  Always.  Immediately.

When we want to trade we use the Bitshares Decentralized exchange exclusively.  Only ever send BTS back to exchanges for permanent cashing out.


Please give me a time machine so I can go back and do this with bter.  I will only ever use the decentralized exchange ever again.  Hopefully many of us will learn this lesson from the bter hack in a way that doesnt cost us much except for pain, or a little BTC.  I don't ever plan to have much BTS on an exchange for more than like an hour or so, ever again.

Please tell me how you plan to get your money into the decentralized exchange if there's no open orders on poloniex or btc38. Or even better, how do you expect new users who have no experience with bitshares, who don't even know what the decentralized exchange is, to get their money on to it?

Offline Rune

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #10 on: February 24, 2015, 12:32:02 AM »
what about cfsgold etc. ? Can you establish on poloniex the market makers you said with riverhead?

Sent from my ALCATEL ONE TOUCH 997D

We'd be happy to do that once bter gives us the bitgold back... We assume that CFSUSD and CFSGOLD will have to take a haircut of some percentage and most people will probably want to withdraw after that. But we plan to continue as soon as we get the funds back. I've also just contacted poloniex again regarding integrating bitUSD. Won't ask them for bitgold until we actually have any..

Offline Rune

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #11 on: February 24, 2015, 12:32:46 AM »
I just signed up at poloniex.com

But, I can't see how to deposit. Could you point it out to me please.

Go to balances (top right corner), my balances, and then search for BTS or BTC.

Offline onceuponatime

Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #12 on: February 24, 2015, 12:34:05 AM »
We all need to remove every single BTS we own from all exchanges. 

When we want to buy BTS, we deposit money on the exchange, buy BTS, and immediately remove it.  Always.  Immediately.

When we want to trade we use the Bitshares Decentralized exchange exclusively.  Only ever send BTS back to exchanges for permanent cashing out.


Please give me a time machine so I can go back and do this with bter.  I will only ever use the decentralized exchange ever again.  Hopefully many of us will learn this lesson from the bter hack in a way that doesnt cost us much except for pain, or a little BTC.  I don't ever plan to have much BTS on an exchange for more than like an hour or so, ever again.

Please tell me how you plan to get your money into the decentralized exchange if there's no open orders on poloniex or btc38. Or even better, how do you expect new users who have no experience with bitshares, who don't even know what the decentralized exchange is, to get their money on to it?

@Rune   Can you please tell me how to deposit to poloniex? Somehow I am missing it.

Offline Rune

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #13 on: February 24, 2015, 12:36:22 AM »
We all need to remove every single BTS we own from all exchanges. 

When we want to buy BTS, we deposit money on the exchange, buy BTS, and immediately remove it.  Always.  Immediately.

When we want to trade we use the Bitshares Decentralized exchange exclusively.  Only ever send BTS back to exchanges for permanent cashing out.


Please give me a time machine so I can go back and do this with bter.  I will only ever use the decentralized exchange ever again.  Hopefully many of us will learn this lesson from the bter hack in a way that doesnt cost us much except for pain, or a little BTC.  I don't ever plan to have much BTS on an exchange for more than like an hour or so, ever again.

Please tell me how you plan to get your money into the decentralized exchange if there's no open orders on poloniex or btc38. Or even better, how do you expect new users who have no experience with bitshares, who don't even know what the decentralized exchange is, to get their money on to it?

@Rune   Can you please tell me how to deposit to poloniex? Somehow I am missing it.

Go to balances (top right corner), my balances, and then search for BTS or BTC.

Offline Ander

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Re: Lets get some BTS and BTC on poloniex for the coming rally
« Reply #14 on: February 24, 2015, 12:39:40 AM »

Please tell me how you plan to get your money into the decentralized exchange if there's no open orders on poloniex or btc38. Or even better, how do you expect new users who have no experience with bitshares, who don't even know what the decentralized exchange is, to get their money on to it?

Sorry, I'm just venting about bter, thats all. :)
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