Bitshares price discussion

[Ander]

So that was a call to you guys to start buying and actually supporting BTS instead of talking about the market cap of ETH and where it will go.

I support BTS as much as I can.  I'm not going to margin long all-in BTS and get my account rekt though, the dump that followed when I got liquidated would be unhelpful to BTS. :P

What I am going to do is continue to try to make small gains trading ETH and other things, and put the profits into BTS like I've been doing.

[Empirical1.2]

Bought some ETH at .00461

I shorted earlier then re-shorted but with more leverage and closed it at .00461 for a nice profit.

I shorted again but with no leverage. I think it will decline over the rest of the week but could be volatile inbetween. Is my guess.

[Ander]

Bought some ETH at .00461

[mf-tzo]

ok let me make it a bit more clear...When I said busted my account I meant my Poloniex trading and I was talking about the 0.5 btc that i sent there to do some trading shorting ethereum and going long on BTS with leverage.. I got margin called when I went to sleep on my positions and lost 0.25 BTC overall which I am trying to recover today. So far by doing exactly the same thing as yesterday I recovered 0.05 BTC so total loss is 0.2 BTC..

At this point though I don't think I will play anymore with ethereum since I really don't know where it can go..

My logic says that eventually BTS and ETH will have a very close market cap. But if no one is supporting BTS price anymore especially with the coming v2 and we just only Pump BTS 1 week before the actual release then I would say that BTS will be no different from anything else..Just pump the news and then dump..So the market will not care to learn about BTS if we are not doing anything different than others..

So that was a call to you guys to start buying and actually supporting BTS instead of talking about the market cap of ETH and where it will go.

[lil_jay890]

shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...

:(

I made sure to keep my margin call level above .02, so ETH would have to go up like 200-300% to hit it (and I would cover at some point well before that happened).  Just small positions for me.

mf-tzo,

Did you really blow your account with a move that small?  Your whole thesis for the short was that ETH was fundamentally overvalued and bts was fundamentally undervalued.  Did you not account for some slight market gyrations?

I was worried you would blow yourself up if ethereum went to 150 or 200 million, not  85 or 90 million.  I'm not here to tell anyone how to trade their own money.  What I find troubling though is that you are asking other forum members to follow you in on your trade.  Hopefully most people have their own trading and risk management strategies, but I would not be surprised if some newbies did follow what you were doing.

[Ander]

shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...

:(

I made sure to keep my margin call level above .02, so ETH would have to go up like 200-300% to hit it (and I would cover at some point well before that happened).  Just small positions for me. 

[mf-tzo]

enough with Ethereum...Can we please start supporting BTS now for a change..We have lost 90% of our value already. It is time to get this back to where it belongs..x10.. so please let's all start buying some BTS. I have already sold my car when we firstt broke $15 mil and I am travelling with public transportation for a while now in order to buy some BTS..I need a new car sooner or later... :)

[Ander]

Covered my short in low .005s for a .2 btc gain. 

[Empirical1.2]

shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...

I shorted at 0.0056 but without a lot of leverage, so I can handle a big swing. So far so good.

[mf-tzo]

shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...

[Ander]

Shorted a little bit of ETH again at .00590.   

[BunkerChainLabs-DataSecurityNode]

Ended up selling at .0058 for a small gain.  I dont have any idea how long this bounce will last.

I thought you said the bear decline was in reversal.....?  Changing your tune now?

I was just trading it short term for a bounce, that happened, and now I'm not sure so I'm out.

I am no trader by any stretch of an imagination.. but I follow the markets everyday.. what I have seen is basically since Eth started trading all the action has moved there due to the volume depth and thus opportunities to make money.

Until BitShares reaches similar depth if not at least 5x its current depth after 2.0 comes out I don't think any theories about where it is coming or going are going to have any impact.

I would not bet on any price increases until we get closer to sharedrop periods and/or 2.0 launch.

My 2 brownies.

[Ander]

Ended up selling at .0058 for a small gain.  I dont have any idea how long this bounce will last.

I thought you said the bear decline was in reversal.....?  Changing your tune now?

I was just trading it short term for a bounce, that happened, and now I'm not sure so I'm out.

[topcandle]

Ended up selling at .0058 for a small gain.  I dont have any idea how long this bounce will last.

I thought you said the bear decline was in reversal.....?  Changing your tune now?

[Ander]

Ended up selling at .0058 for a small gain.  I dont have any idea how long this bounce will last.