Bitshares price discussion

[mudshark79]

Are they selling for tax losses now - with the intention of buying back when Privacy Mode is in place in a couple of weeks?

They saw the Exit-Sign while Chinese are going crazy stiring up Volume. My Impression  8)

[onceuponatime]

Are they selling for tax losses now - with the intention of buying back when Privacy Mode is in place in a couple of weeks?

[Ander]

Those 13M already took us down form 1100 to 800s.

[Akado]

super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS

for-dana sent 500,000 BTS to poloniexwallet
block 3,005,809 - 2 hours ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,003,422 - 4 hours ago - 32 BTS

angel sent 500,000 BTS to blocktrades
block 2,999,706 - 7 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,980,060 - 1 day ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,974,000 - 1 day ago - 32 BTS

the 500k.. I guess they're alright but 13M wow I wouldn't even risk that much at the same time on an exchange. Would do it slowly and take funds back then proceed.

I would like those 13M not to be dumped but what else are they doing on Polo

[abit]

super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS

for-dana sent 500,000 BTS to poloniexwallet
block 3,005,809 - 2 hours ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,003,422 - 4 hours ago - 32 BTS

angel sent 500,000 BTS to blocktrades
block 2,999,706 - 7 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,980,060 - 1 day ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,974,000 - 1 day ago - 32 BTS

[Akado]

@TheGift73 that doesnt seem usual at all. All cryptos are green if you check coinmarketcap atm, however BTS has a 15% increase which we haven't seen for quite a while. Will probably go back to where it was, most likely, but didn't see that for quite a while now, that I remember

[TheGift73]

Some decent movement on Poloniex today. Did I miss some news?

[nomoreheroes7]

*spitting out my coffee*

Why?

*sips coffee*
*nods happily*

[werneo]

*spitting out my coffee*

Why?

[Tuck Fheman]

[cube]

Well, they're incomplete atm. Or at least, not being used to their full potential. What good is any tech if it can't be used? We might use it, we might do that little effort but then again, outside users won't care.

But I believe we're really at the beginning. It's like BitShares got a reset. Difference is now it seems to have more potential. It's up to us to take that potential to the max.

Yes indeed. I see you are actively leading the 'business development' by getting the exchanges eg CCEX in.  We need more people like you.

Btw @cube related to on/off bridges CCEDK is working on doing that. You deposit fiat and you get credit open.eur, open.usd, etc on your bts wallet.

Transwiser CNY-on/off ramp and now CCEDK.  Bithshares is getting its infrastructure in place.

[Akado]

... What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise.

We do have utility-based products - price-stable bitUSD/bitCNY/bitEUR etc and a decentralised exchange. 

We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.

Our bitassets have little liquidities and not closely pegged.  Our DEX has no on/off ramps (btc<->fiat, bts<->fiat) and no counterparty-risk-free btc<->bts and altcoin<->bts exchanges.  Naturally, users are not going to use them.  'Half-baked' may be too harsh but we are certainly 'not done' yet.

I really don't see a difference between existing no product or a product with defect. If assets are not pegged they won't be seen as a good product and won't be used. Chicken and egg problem like we all know but outsiders don't care about this. They want a peg and that's it.

Well, they're incomplete atm. Or at least, not being used to their full potential. What good is any tech if it can't be used? We might use it, we might do that little effort but then again, outside users won't care.

But I believe we're really at the beginning. It's like BitShares got a reset. Difference is now it seems to have more potential. It's up to us to take that potential to the max.

Btw @cube related to on/off bridges CCEDK is working on doing that. You deposit fiat and you get credit open.eur, open.usd, etc on your bts wallet.

[cube]

... What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise.

We do have utility-based products - price-stable bitUSD/bitCNY/bitEUR etc and a decentralised exchange. 

We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.

Our bitassets have little liquidities and not closely pegged.  Our DEX has no on/off ramps (btc<->fiat, bts<->fiat) and no counterparty-risk-free btc<->bts and altcoin<->bts exchanges.  Naturally, users are not going to use them.  'Half-baked' may be too harsh but we are certainly 'not done' yet. 

[clayop]

We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.

Sounds like we created the best F1 machine ever, but didn't registered the race.

[Akado]

I think it's not about selling pressure, it's just people don't have an interest in BitShares atm. I can't be used to do much. Others can be mined or already have funding or companies interest, etc. What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise. Maybe we're lucky if there's another btc run but that's it, the same way we might go up, we'll go down, there's really nothing to keep us with a better price.

We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.