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Offline MktDirector

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IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« on: August 21, 2014, 03:26:56 PM »

Break open the bubbly and enjoy our brief stop at #4 on our way to the top! 


Offline Riverhead

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #1 on: August 21, 2014, 03:30:36 PM »
Finally! My keyboard's F5 key was getting tired.


Excellent news!

Offline Stan

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #2 on: August 21, 2014, 03:37:22 PM »
Finally! My keyboard's F5 key was getting tired.


Excellent news!


Time to pop in a cassette tape with Steppenwolf's Magic Carpet Ride

http://www.youtube.com/watch?v=jZJczZ6gbVU

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Offline biophil

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #3 on: August 21, 2014, 03:37:47 PM »
It's really striking how close we are to XRP...

Offline AdamBLevine

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #4 on: August 21, 2014, 03:41:23 PM »
It's really striking how close we are to XRP...

XRP is an excellent example of why Market Cap is a terrible way to compare cryptocurrencies against each other.  Apparently this whole rally is being caused by a few people buying large amounts who announced they are doing so, so at whatever point they stop buying those amounts unless there are other people waiting to pick it up this is a very temporary rally and so would be the market cap that goes along with it.

I hope there is real development too and not just a couple doods using their size to lift the price until they've satisfied their needs.


Offline MktDirector

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #5 on: August 21, 2014, 03:53:01 PM »
He says with his usual Christmas cheer.  lol.

They're buying because they're the smart money getting in early. They're not buying to lose.  Yes, market cap will go up and market cap will go down. Ultimately it's the long term value of BTSX that matters. 

But that's no reason to not celebrate this milestone - and the rest to come. Go hang with the NXT crowd if you're not in the mood, I'm poppin bottles with BitShares.

Offline Calton

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #6 on: August 21, 2014, 04:14:22 PM »
Levine has an interesting point. Clearly the asset class worth buying is the one avoided by those with money... Put another way, if the moneyed individuals are buying an asset, that asset must be trash. Following that logic, I suppose buying trash makes you rich. Off to the junk yard for me.

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #7 on: August 21, 2014, 04:16:03 PM »
When we beat him with sarcasm and humor - that is the best satisfaction


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Offline Riverhead

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #8 on: August 21, 2014, 04:23:30 PM »
While I don't disagree with Adam's thinking I do feel the people that have worked so hard on this product deserve a time of jubilation. There'll be plenty of time for reasoned discourse once the hangovers pass.


Wish I was there to lift a glass with you guys.

Offline liondani

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #9 on: August 21, 2014, 05:31:51 PM »
It's really striking how close we are to XRP...

XRP is an excellent example of why Market Cap is a terrible way to compare cryptocurrencies against each other.  Apparently this whole rally is being caused by a few people buying large amounts who announced they are doing so, so at whatever point they stop buying those amounts unless there are other people waiting to pick it up this is a very temporary rally and so would be the market cap that goes along with it.

I hope there is real development too and not just a couple doods using their size to lift the price until they've satisfied their needs.



I am sorry for you because you can not enjoy with us our first rally...
Believe me the next time, the experience will getting better and  better ... you get used to it after some time :P

« Last Edit: August 21, 2014, 05:35:24 PM by liondani »
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline bytemaster

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #10 on: August 21, 2014, 05:32:38 PM »
Levine has an interesting point. Clearly the asset class worth buying is the one avoided by those with money... Put another way, if the moneyed individuals are buying an asset, that asset must be trash. Following that logic, I suppose buying trash makes you rich. Off to the junk yard for me.

While I don't disagree with Adam's thinking I do feel the people that have worked so hard on this product deserve a time of jubilation. There'll be plenty of time for reasoned discourse once the hangovers pass.

+1 LOL
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Offline GaltReport

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #11 on: August 21, 2014, 05:38:03 PM »
While I don't disagree with Adam's thinking I do feel the peopleC that have worked so hard on this product deserve a time of jubilation. There'll be plenty of time for reasoned discourse once the hangovers pass.


Wish I was there to lift a glass with you guys.

 +5%  +5%




Offline MrJeans

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #12 on: August 21, 2014, 08:06:40 PM »
Smiling from ear to ear  :D When we hit bitcoin's market cap, I'm sure we will all be able to gather for a drink with the Bitshares team  ;D

Offline G1ng3rBr34dM4n

Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #13 on: August 21, 2014, 09:02:48 PM »
Smiling from ear to ear  :D When we hit bitcoin's market cap, I'm sure we will all be able to gather for a drink with the Bitshares team  ;D

and everyone will be flying in on their own private jets...  :P

Offline tonyk

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Re: IT'S OFFICIAL: BitSharesX Is Now #4 Market Cap! (Passed NXT)
« Reply #14 on: August 21, 2014, 09:08:55 PM »
Levine has an interesting point. Clearly the asset class worth buying is the one avoided by those with money... Put another way, if the moneyed individuals are buying an asset, that asset must be trash. Following that logic, I suppose buying trash makes you rich. Off to the junk yard for me.

Great first post. Welcome here !
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

 

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