Bitshares price discussion

[crypto4ever]

It appears USDT has been the cause of why we've fallen harder than Bitcoin this time around too.

Coinmarketcap uses the weighted average of the highest volume markets (or pairings) when reporting its price.

Look at this image from last night:



I've got into a lot more detail in this post... :

https://bitsharestalk.org/index.php/topic,25289.msg315731.html#msg315731

Question, if our witnesses stop reporting price feeds for USDT with advance notice of their intention.. could we remove this pairing from the dex?

[biophil]

Please do keep in mind that this whole general pump is largely fueled by the Tether scam   ...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.

Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.

Likely enough. I quit using USDT a long time ago, a while before I quit using BitUSD (because we have some whales who are dancing awfully close to undercollateralization and black swans).

I'm absolutely shocked that the Tether people have been able to maintain USDT-USD parity for so long without even the illusion that USDT can be redeemed for USD. Seems like by now we'd start to see BTC/USD and BTC/USDT prices diverge, but they've been pretty well locked together for months. Blows my mind.

[valtr]

Please do keep in mind that this whole general pump is largely fueled by the Tether scam   ...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.

Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.

[crypto4ever]

Please do keep in mind that this whole general pump is largely fueled by the Tether scam   ...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.

[karnal]

It's $0.654968 right now (+49.82%) 
https://coinmarketcap.com/currencies/bitshares/

Those were the days!

[Bitty]

Selling some BTS for EUR.
Please contact me in case of interest.

[cryptojack]

It's $0.654968 right now (+49.82%) 
https://coinmarketcap.com/currencies/bitshares/

[inarizushi]

Please do keep in mind that this whole general pump is largely fueled by the Tether scam   ...

[JohnR]

If bitassets can get some more traction $1/bts seems conservative.  Like you say, not sure whether that takes 6 months or 2 years.

I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)


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[Chuckone]

I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)


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[inarizushi]

BTS will probably crash with BTC, at least in $ value. Hopefully the price in BTC will increase during the crash, but I wouldn't bet on that. I would say that a good entry price for BTS would be 4-5 cents. It might go back to a cent, who knows. It might also never go back down. As always, the rational thing to do when you have such uncertainty and no objective way to tell what is cheap is to use "dollar cost averaging": choose how much you want to buy, buy 10% of that amount every week or every month at whatever price. But this requires high self control, at least more than what most of people in crazy cryptoworld can muster.

[KenMonkey]

This bitcoin boom is silly. When bitcoin falls will BTS fall? I'm always debating the link between BTS, BTC, and ETH. Sometimes they move opposite, which I think is likely in the future. The bitcoin share of the total market cap is very high. Remember when "the flippening" was going to happen? eventually it will happen.

[KenMonkey]

What's a good new entry price for BTS?

[Ravid]

Get BTS on https://www.bithumb.com

Are you sure? I just went there, and BTS is not listed.   Their translations are very poor, not a lot of confidence in that website.

He meant "get bithumb to list bts"

And as for confidence - it's a number two exchange on CMC by trading volume ($1.14 billion)

[intelliguy]

Get BTS on https://www.bithumb.com

Are you sure? I just went there, and BTS is not listed.   Their translations are very poor, not a lot of confidence in that website.