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Offline Riverhead

BTSX reaches 50% LTC Market cap!
« on: August 25, 2014, 04:35:06 PM »


Offline speedy

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Re: BTSX reaches 50% LTC Market cap!
« Reply #1 on: August 25, 2014, 04:39:06 PM »
Question is, at what point is it bubble territory?

Offline bitmeat

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Re: BTSX reaches 50% LTC Market cap!
« Reply #2 on: August 25, 2014, 04:42:18 PM »
It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.

Offline emski

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Re: BTSX reaches 50% LTC Market cap!
« Reply #3 on: August 25, 2014, 04:44:41 PM »
It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.
And sometimes instead the elevator it goes down at the speed of a photon.

Offline luckybit

Re: BTSX reaches 50% LTC Market cap!
« Reply #4 on: August 25, 2014, 04:55:38 PM »


If it's a bubble you can make money buying BitUSD within BTSX. There is no reason to dump to fiat if everything works because you'll make less money doing it that way.

Anyone who dumps to BitUSD please make a Youtube video or visual guide showing others how to profitably reduce their exposure to BTSX volatility. Going into ordinary fiat is not as profitable as going into BitUSD because eventually BitUSD will offer 5% interest on your fiat.

It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.

When it becomes obvious that the market has run out of buyers everyone is going to rush into BitUSD to cash out. The less aware will cash out onto an exchange like Bter, pay the fees, and not get any of the benefits of holding BitUSD on Bitshares X.
« Last Edit: August 25, 2014, 04:59:26 PM by luckybit »
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Offline bytemaster

Re: BTSX reaches 50% LTC Market cap!
« Reply #5 on: August 25, 2014, 05:05:44 PM »
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline speedy

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Re: BTSX reaches 50% LTC Market cap!
« Reply #6 on: August 25, 2014, 05:10:59 PM »
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

I dont understand - how does the buying price that you got BitUSD for impact on what interest rate you get ?

Offline bytemaster

Re: BTSX reaches 50% LTC Market cap!
« Reply #7 on: August 25, 2014, 05:40:32 PM »
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

I dont understand - how does the buying price that you got BitUSD for impact on what interest rate you get ?

If I can buy 1 BitUSD for $0.90 FRN.... then when it reverts to $1:1 then I earned $0.10.... your interest rate depends upon how long it takes to revert to the mean and how far from the mean your started.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline liondani

Re: BTSX reaches 50% LTC Market cap!
« Reply #8 on: August 25, 2014, 05:49:40 PM »
 You must soon change your post title to:  "LTC reaches 50% of  BTSX Market Cap "  ;)
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline luckybit

Re: BTSX reaches 50% LTC Market cap!
« Reply #9 on: August 25, 2014, 05:51:35 PM »
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

This is one of the parts which is going to be confusing. Was my advice to dump into BitUSD correct?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline luckybit

Re: BTSX reaches 50% LTC Market cap!
« Reply #10 on: August 25, 2014, 05:53:13 PM »
You must soon change your post title to:  "LTC reaches 50% of  BTSX Market Cap "  ;)

I think right now BTSX is still very underpriced but because few understand how to take advantage of the technology we might see delays in the rights of the price. I don't see crashes happening but I do see a delay as people learn how to use Bitshares X.
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Offline Stan

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Re: BTSX reaches 50% LTC Market cap!
« Reply #11 on: August 25, 2014, 07:31:47 PM »

BTSX > NXT + Ripple + Peercoin
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline liondani

Re: BTSX reaches 50% LTC Market cap!
« Reply #12 on: August 25, 2014, 07:53:35 PM »

BTSX > NXT + Ripple + Peercoin

and an amazing volume of $3.7 millions !!!
(we are close to litecoin volumes!)

  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

Offline tonyk

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Re: BTSX reaches 50% LTC Market cap!
« Reply #13 on: August 26, 2014, 01:23:18 AM »

And in all the frenzy we forget  the small achievement of passing $100 Million Market Cap!
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.


 

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