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Offline bluebit

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BTSX is showing itself stronger than Bitcoin
« on: September 23, 2014, 06:15:02 PM »

If you look at the 30 day chart of BTSX starting on Sep 17th you can see the blue and orange lines separate, on Sep 17th the Bitcoin price was dropping and BTSX is stilling holding it's value

BTSX click on 30 day chart: http://coinmarketcap.com/currencies/bitshares-x/#charts

The same thing also happened with NXT: http://coinmarketcap.com/currencies/nxt/#charts

Sep 17th Bitcoin price falls: http://coinmarketcap.com/currencies/bitcoin/#charts


Other cryptos are just following Bitcoin, very interesting that only BTSX and NXT have been holding there value.
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Offline jsidhu

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #1 on: September 23, 2014, 06:27:56 PM »
Looks like its correlated, todays pump in btc is being accompanied by a buying spree of btsx
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Offline bluebit

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #2 on: September 23, 2014, 06:40:16 PM »
Looks like its correlated, todays pump in btc is being accompanied by a buying spree of btsx

Or it could be a selling of BitUSD for BTSX
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Offline Mysto

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #3 on: September 23, 2014, 06:56:07 PM »
Looks like its correlated, todays pump in btc is being accompanied by a buying spree of btsx

Really where? It seems like I'm the only one on a buying spree of BTSX.

Offline James212

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #4 on: September 23, 2014, 08:19:51 PM »
Where has the BTSX trade volume gone in the last few days?  Its dried up.
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Offline Mysto

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #5 on: September 23, 2014, 08:27:23 PM »
Where has the BTSX trade volume gone in the last few days?  Its dried up.

That's normal with something that's new and "hyped". Remember when facebook first came out the trading volume was high then it "dried up" for a little. Same thing is going to happen with BTSX.

Offline jsidhu

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #6 on: September 23, 2014, 09:28:23 PM »
Looks like its correlated, todays pump in btc is being accompanied by a buying spree of btsx

Really where? It seems like I'm the only one on a buying spree of BTSX.

http://k.sosobtc.com/btsx_btc38.html
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Offline oldman

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #7 on: September 23, 2014, 09:44:20 PM »
Interesting selling pressure as BTC rallies - perhaps folks moving from BTSX to BTC.

I wonder why they're not buying bitBTC?

Offline xeroc

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #8 on: September 23, 2014, 09:45:02 PM »
I wonder why they're not buying bitBTC?
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Offline mf-tzo

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #9 on: September 23, 2014, 09:45:59 PM »
Quote
Interesting selling pressure as BTC rallies - perhaps folks moving from BTSX to BTC.

I wonder why they're not buying bitBTC?

Because last time I checked no one was selling at reasonable prices maybe? and I am talking about bitusd bitbtc market..

Offline oldman

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Re: BTSX is showing itself stronger than Bitcoin
« Reply #10 on: September 23, 2014, 10:01:43 PM »
Quote
Interesting selling pressure as BTC rallies - perhaps folks moving from BTSX to BTC.

I wonder why they're not buying bitBTC?

Because last time I checked no one was selling at reasonable prices maybe? and I am talking about bitusd bitbtc market..

Need to get those MM bots running...

Offline nomoreheroes7

Re: BTSX is showing itself stronger than Bitcoin
« Reply #11 on: September 24, 2014, 12:40:52 AM »
Interesting selling pressure as BTC rallies - perhaps folks moving from BTSX to BTC.

I wonder why they're not buying bitBTC?

Actually, there hasn't been much sell pressure at all. It's more important to watch the price movements on btc38 vs the CNY, as that's where 75% of the volume is. And against CNY Bitshares has actually risen today, from the upper .18's to the mid .195's. The problem is with rising BTC price, the BTC price of Bitshares will appear to go down, when in actuality the market cap is rising....

 

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