BTSX reaches 50% LTC Market cap!

[xeroc]

I wouldnt blindly blame the chinese ..

I think you're the one who want earn more mony from falling price of btsx? Is my guessing right? 

I never sold a single larimer .. except for my rebalancing bot that trades some 300$ worth in bitCNY, bitBTC and bitUSD .. in total
So you are guessing wrong ..

Although, you are free to distrust me

[cube]

Don't forget the traders who earns from the big swings in price.  They are probably having a good time pushing down the price.

[jckj]

I wouldnt blindly blame the chinese ..

I think you're the one who want earn more mony from falling price of btsx? Is my guessing right? 

[liondani]

I wouldnt blindly blame the chinese ..

I agree!

[xeroc]

That might have the simple reason that the CNY market has higher liquidity .. not necessarily a chinese trading there ..

[nomoreheroes7]

I wouldnt blindly blame the chinese ..

Not blindly, I'm watching the BTC38 exchange BTSX/CNY. Over 6 million dumped in the last couple hours. They're always leading the price drops, and BTER follows shortly thereafter.

[xeroc]

I wouldnt blindly blame the chinese ..

[jckj]

fuck it.

lol agreed. The Chinese dumping is absolutely insane right now...very tough to watch.

Things have to look up after Nov. 5th....right??

It will last for few weeks until 3i have the real applicable things come, in my personal opinion.
If you review 3i pts snapshot you'll see the marketcap will go down untill they have some thing comes , The same situation come this time. And it will go down more because someone want to earn more money. i think it will fall at $0.0005~0.005.

[nomoreheroes7]

fuck it.

lol agreed. The Chinese dumping is absolutely insane right now...very tough to watch.

Things have to look up after Nov. 5th....right??

[lzr1900]

fuck it.

[luckybit]

Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.

99,999,999,999 Ripple supply. But they pretend like it's less for unknown reasons.

I can't make sense of it either.

[Bitshark]

Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.

sad

[JakeThePanda]

Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.

[Riverhead]

ripple bugged on coinmarketcap showing 140 million

This will soon be the way to have bigger market cap than BTSX for almost everybody.

Probably from 2000 BitShares folks hitting refresh non stop

[tonyk]

ripple bugged on coinmarketcap showing 140 million

This will soon be the way to have bigger market cap than BTSX for almost everybody.

[CLains]

ripple bugged on coinmarketcap showing 140 million

[tonyk]

And in all the frenzy we forget  the small achievement of passing $100 Million Market Cap!

[liondani]

BTSX > NXT + Ripple + Peercoin

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

[Stan]

BTSX > NXT + Ripple + Peercoin

[luckybit]

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.

[luckybit]

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?

[liondani]

 You must soon change your post title to:  "LTC reaches 50% of  BTSX Market Cap " 

[bytemaster]

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.

[speedy]

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 ?

[bytemaster]

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.

[luckybit]

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.

[emski]

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.

[bitmeat]

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.

[speedy]

Question is, at what point is it bubble territory?

[Riverhead]