BTSX takes aim: NXT is next!

Started by MktDirector, August 20, 2014, 09:05:32 PM

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xeroc


Riverhead

As BM implied earlier this is sort of a self fulfilling market. The worst thing that could have happened is that they built it and no one came. Well, they are arriving in droves which should provide enough market action to sustain itself.


Everyone goes to the bar everyone's at because everyone is there.

donkeypong


G1ng3rBr34dM4n


skymath

btsx: skymath

tonyk

Quote from: Empirical1 on August 21, 2014, 07:15:38 PM
Quote from: donkeypong on August 21, 2014, 07:07:54 PM
Quote from: Empirical1 on August 21, 2014, 06:41:05 PM
Looks like there are <200 BTC worth of sell walls to take this all the way to $50 million.

As in you couldn't spend $100 000 or buy at market without pushing BTSX past 50 million.

Not sure where the walls are, but we've added well more than $100K in market cap since your posting.

If you look on BTC38 and Bter there are less than 5 million BTSX for sale atm below $50 million CAP.

So you can't buy 5 million BTSX right now without pushing it past $50 million.

(Edit: In practice more sellers will come in as BTSX rises, but from a trading point of view it's a very good sign that there are so few sellers now.)

I totally agree. I will go a step further- It is unwise to put yourself in front of an object moving with the speed of March 3.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

donkeypong

Gotcha. Ain't it about time BigVern got in on this?

Empirical1

#29
Quote from: donkeypong on August 21, 2014, 07:07:54 PM
Quote from: Empirical1 on August 21, 2014, 06:41:05 PM
Looks like there are <200 BTC worth of sell walls to take this all the way to $50 million.

As in you couldn't spend $100 000 or buy at market without pushing BTSX past 50 million.

Not sure where the walls are, but we've added well more than $100K in market cap since your posting.

If you look on BTC38 and Bter there are less than 5 million BTSX for sale atm below $50 million CAP.

So you can't buy 5 million BTSX right now without pushing it past $50 million.

(Edit: In practice more sellers will come in as BTSX rises, but from a trading point of view it's a very good sign that there are so few sellers now.)

donkeypong

Quote from: Empirical1 on August 21, 2014, 06:41:05 PM
Looks like there are <200 BTC worth of sell walls to take this all the way to $50 million.

As in you couldn't spend $100 000 or buy at market without pushing BTSX past 50 million.

Not sure where the walls are, but we've added well more than $100K in market cap since your posting.

Empirical1

Looks like there are <200 BTC worth of sell walls to take this all the way to $50 million.

As in you couldn't spend $100 000 or buy at market without pushing BTSX past 50 million.

Riverhead

Quote from: donkeypong on August 21, 2014, 06:15:20 PM
Almost 70% of the volume coming from BTC38's BTSX-CNY pair. Doesn't China ever sleep?


Only 2AM.  They're just getting home from the bars! :)


I have no idea if that's true, I have no knowledge of actual Chinese night life but it's a big f'ing place so I'm sure someone is just getting home from a bar.

donkeypong

Almost 70% of the volume coming from BTC38's BTSX-CNY pair. Doesn't China ever sleep?

skymath

btsx: skymath

Empirical1

Big move  :) $930 000 24hr volume that says a lot!  8)


donkeypong

#22
OK, then, I'll break this one out. Every time I hear Ripple, I think of the Grateful Dead song. Here's one of the more coherent parts, perhaps applicable to BitShares.

There is a road, no simple highway,
Between the dawn and the dark of night,
And if you go no one may follow,
That path is for your steps alone.

Ripple in still water,
When there is no pebble tossed,
Nor wind to blow.

https://www.youtube.com/watch?v=JT8zLTaKxeE