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First of all, I know that a lot of you (me as well included) are here for the long run, so short term price is not a pressing concern in the sense that we're not waiting for a rise to dump our holding and make a quick profit. I'm hoarding and accumulating because I really believe in the long term success of the platform, economically and idealogically, even more since the announcement of Bitshares 2.0. At some point I wasn't totally convinced it could go mainstream, but now it's totally clear in my mind Bitshares will become real big at some point.
That being said, I'm still wondering why the price has dropped since the announcement? Other than "buy the rumor, sell the news" type of answer, is there a logical explanation to the current situation?
In 2014 at some point we had a marketcap of more than 60-70M$ with a real buggy client and not even half the features that will come up with 2.0.
Was it all only hype and speculation, or is it because Bitshares is seriously undervalued right now?
Part of it may be because the market hasn't realized yet the potential of Bitshares 2.0 and that all those close to the project are actually already fully invested?
I'd like to have the perspective of traders (and everybody else also) on the subject!
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The June 8th announcement was detailed on what could happen, but lacked when this would be put into effect. Right now it sounds like it may be 3-5 months out. Most crypto traders don't have that sort of time frame and hot money will start to filter out as bts stagnates around this market cap.
Remember NXT had a value of near 100million last year as well and they are down to 11million. Ripple was worth near 1billion and has lost 75%. Crypto is full of pump and dumps because liquidity is thin.
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I haven't been here that long so I'm not so well informed but from reading comments on bitcointalk etc most people are simply uninformed about BitShares and were put off by the numerous hard forks and no clear direction.
I understand that all the changes were done for the good of the ecosystem but I don't think that message has permeated through yet and solid evidence in support is yet to come.
If everything in 2.0 works as described and the referral program starts paying marketers then the brand awareness problem will disappear!
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Remember NXT had a value of near 100million last year as well and they are down to 11million. Ripple was worth near 1billion and has lost 75%. Crypto is full of pump and dumps because liquidity is thin.
...Vertcoin was worth 10M two days ago now its worth 3.5. :P
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I haven't been here that long so I'm not so well informed but from reading comments on bitcointalk etc most people are simply uninformed about BitShares and were put off by the numerous hard forks and no clear direction.
I understand that all the changes were done for the good of the ecosystem but I don't think that message has permeated through yet and solid evidence in support is yet to come.
If everything in 2.0 works as described and the referral program starts paying marketers then the brand awareness problem will disappear!
This .. + no one knows there will be powerful scripting in bts2.0 too ..
that .. in combo with bitUSD = world domination ... harharhar :P
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First of all, I know that a lot of you (me as well included) are here for the long run, so short term price is not a pressing concern in the sense that we're not waiting for a rise to dump our holding and make a quick profit. I'm hoarding and accumulating because I really believe in the long term success of the platform, economically and idealogically, even more since the announcement of Bitshares 2.0. At some point I wasn't totally convinced it could go mainstream, but now it's totally clear in my mind Bitshares will become real big at some point.
That being said, I'm still wondering why the price has dropped since the announcement? Other than "buy the rumor, sell the news" type of answer, is there a logical explanation to the current situation?
In 2014 at some point we had a marketcap of more than 60-70M$ with a real buggy client and not even half the features that will come up with 2.0.
Was it all only hype and speculation, or is it because Bitshares is seriously undervalued right now?
Part of it may be because the market hasn't realized yet the potential of Bitshares 2.0 and that all those close to the project are actually already fully invested?
I'd like to have the perspective of traders (and everybody else also) on the subject!
The announcement lacks a LOT of detail. So it's really a glorified wishlist. Not that it's a bad thing, but there are a lot of moving parts and a lot that could go wrong. It also lacks whitepapers and peer reviews / security analysis. That's just what I see as a risk, which perhaps is being priced in.
The other thing is that this project keeps changing things and is constantly course correcting, not that this is a bad thing, but it's hard to take it seriously. Would you trust holding $10M in BitUSD with it? I know I wouldn't just yet.
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I too am holding because I really believe BitShares will be revolutionary. Momentarily I had my doubts because of the removal of TITAN (it would go from revolutionary to enabling economic totalitariasm a la ripple), but BM has said he has some sweet plans in the privacy arena, and so far I don't doubt the man.
When the new client hits, we must all do our best to spread the word and inform the masses. This technology is simply better than anything else there is, and if the code matches the promises being made, I do believe the project has a very solid foundation.
Then we just need people getting paid in SmartCoins, merchants accepting them, and normal people using the system.
The market cap will explode upwards - it has to.
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That being said, I'm still wondering why the price has dropped since the announcement? Other than "buy the rumor, sell the news" type of answer, is there a logical explanation to the current situation?
Thats actually a pretty logical explanation actually. Its definitely a thing that happens. Look at the coinbase bitcoin pump in January to 300, then crashed as soon as the news actually came out.
Another explanation:
You could also say that after a rise from .02 to .052, this is a perferctly normal correction. A 50% retracement would be pretty normal and that was around .036. We were very close to hitting it exactly.
If you look at the chart for the past several months, it looks like a huge cup and handle. The big decline and rally is the cup, and the recent smaller decline to .036 and rally is the handle. This is very very bullish if we manage to go back up and break to new highs, which I expect to happen eventually.
For the short term, we are still in a corrective pattern waiting for the next rally to get going. Corrections are often in an ABC format (down-up-down). We had the A, the B, and we are in the C, so it could be almost over. (On the other hand, sometimes C drags on a long time, so who knows).
The correction could be about over now (looking like a symmetrical triangle - a triangle with a lower high and a higher low), or take us back to .036 CNY again before finishing (a descending triangle). While triangles are usually continuation patterns, which would indicate it should break up since we are now in an uptrend, descending triangles often break downward. If that happened we would go to around .032, for a .618 fib retracement.
From an elliot wave perspective, the recent move from .0198 to .0527 looks clearly impulsive, that is, its a 5 wave move with strong volume. Wave 3 (the push in mid may up to .04) was largest and had the most volume, which fits. The move ended at .0527. This was a big wave I of a new bull market move in BTS. The fact that it is very clearly an impulse indicates that another move up must follow it. We are currently in wave 2 which is taking a triangle shape as described above. Wave 2s often retrace sharply. A lot of traders dont trust the price rise after such a terrible decline before, so they are quick to bail on the new uptrend. That is what we have to get through now.
A corrective wave often retraces into the area of the previous 4th wave of lower degree. In our case that is the correction on May 22-23rd, from .0408 to .031. We have already dropped into that range so we dont 'need' to fall further. But we could drop as low as .031 and it would still be perfectly normal.
If we manage to fall to the low .03s I would do everything you could to buy there. It would probably be followed by a sharp rise back up and then rally far above the recent .0527 high. Or you could just buy here in the low .04s, the drift lower that we are experiencing could end any time and be followed by a sharp rise.
To summarize, the very strong volume of the recent rise, its sharpness relative to the pace of the recent downtrend (we recovered from .02 to .05 faster than we fell from .05 to .02), and the structure of the rise (three parts, with the strongest buying in the middle), are indicative that it was an impulse wave, and that it "must" be followed by another rise, according to the rules of elliot wave. Our fundamental understanding of bitshares that good things are coming soon supports this view as well. So I would buy as much as you can. The only question is do you buy now, or wait, hoping for a price in the .03s to buy, but possibly risk missing out.
In 2014 at some point we had a marketcap of more than 60-70M$ with a real buggy client and not even half the features that will come up with 2.0.
Was it all only hype and speculation, or is it because Bitshares is seriously undervalued right now?
Probably some of both, plus bitcoin dropped.
Part of it may be because the market hasn't realized yet the potential of Bitshares 2.0 and that all those close to the project are actually already fully invested?
Yes I think so. Those of us who have been here a while mostly bought already, we are buying more when we can of course. We probably have most of the money we are willing to allocate to crypto in already. We need to attract new investors to replace those that panic dumped over the past months. But I think this is happening. BTS had a huge push up indicative of new money coming in. It also attracted some momentum traders who pushed it up higher but are now cashing back out because it stopped rising. We just need to wait out their selling a bit longer and get a bit more new money and we will go up again.
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Thanks Ander for the technical analysis. I don't know much about that subject but I know enough to understand it's a powerful tool that needs to be considered seriously when you one want to predict short/mid term movements. Personnally I don't try to time my buys with the lowest of the lows in fear of missing out, so since we hit the bottom at 8.5M$ market cap I try to buy as much as I'm comfortable to before the next big push upward.
And with all the new gateways that popped up in the last months (Metaexchange, Blocktrades, CCEDK) Bitshares we'll be ready to receive all that new money!
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wasnt there one more (biggest) news promised by BM about an exchange or something coming (which wasnt CCEDK) that he said he would release news soonish near the announcement of bts 2.0?
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wasnt there one more (biggest) news promised by BM about an exchange or something coming (which wasnt CCEDK) that he said he would release news soonish near the announcement of bts 2.0?
(http://accionesdebolsa.com/wp-content/uploads/2013/10/topsecret.jpg)
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it was a big ANN but not what most of the people expected - at least not me!
I am still waiting for the ANN for the integration to the FIAT world, because bytemaster wrote the CCDEX was not the partner he will announce in this month.
For the future the proposal and changes will be hopefully good, the only concern i have is the really high transaction fees.
For example - I am from Germany - most of all bankaccounts are totaly free and you don't pay anything for transactions.Payments are routed in 24 hours. The competition is so brutal, some banks
will pay you for using your creditcards etc.. So the transaction costs are well hidden and it will be hard to convince the critical mass to get into crypto without a next financial crisis.
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wasnt there one more (biggest) news promised by BM about an exchange or something coming (which wasnt CCEDK) that he said he would release news soonish near the announcement of bts 2.0?
(http://accionesdebolsa.com/wp-content/uploads/2013/10/topsecret.jpg)
(https://upload.wikimedia.org/wikipedia/commons/e/e7/Wikileaks_logo.svg)
:D
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Bitcoin was worth double or triple what it is worth now, BitShares price is relative to Bitcoin's price, so that is partly responsible for the reason the total market cap in dollars is much lower than it once was.
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wasnt there one more (biggest) news promised by BM about an exchange or something coming (which wasnt CCEDK) that he said he would release news soonish near the announcement of bts 2.0?
Hmm. I thought it was CCEDK.
To me the best news was 100k TPS, 1 second block time, with a new web client so people dont have to run the current slow bitshares client. And the 'lessons learned' which resulted in improvements to many aspects of bitshares that currently arent working well enough. And the referral program. And the goal to generate fees to help bitshares become profitable (especially with the addition of the burn worker).
Of course these are all things that are "coming this summer" but not yet released, so it makes sense that the market isnt sure that they are true yet. When they release for real the price will probably react better.
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To me the lopsided BitAssets 2.0 is a huge problem, and we are going to revisit the drawing board in another 6-7 months. Maybe BM and co. will get it right next time.
In short, I am not big bullish on medium term, not to say that price won't rise from here. Simply that I doubt it will be a success in the proposed format as everyone is assuming.
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Thanks for analysis Ander.. I expected the price to rise considerably more than this after the announcement.. but now I can see it is just going to take a bit longer.
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https://bitsharestalk.org/index.php/topic,16902.msg216149.html#msg216149
I'm battling a panic attack for the first time since I discovered this project.
If I feel this way, weaker hands are surely going to dump if the above post doesn't get clarified further.
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If you look at the chart for the past several months, it looks like a huge cup and handle. The big decline and rally is the cup, and the recent smaller decline to .036 and rally is the handle.
I love technical analysis... mainly because you can see what you want to see...
You do not see the clear head and shoulders in the 6h and 12h BTS graph Ander?
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This is what I see:
(http://s11.postimg.org/bhfyvk9fn/bts2.png)
Handle isnt completed yet. Pattern will be valid if we break to a new high.
Its a similar pattern to an inverse H&S, basically missing the left shoulder.\
The handle can drag o na bit longer and go a bit lower before breaking up, and thats fine. (But it should happen somewhat soon).
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Elliot wave for our new bullmarket:
(http://s17.postimg.org/nb0in13kv/btselliot.png)
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My analysis says it will go down to 0.000020 - 0.000025 first. But you never know.
As far as cup/handle goes - there have been plenty of failed cup/handles on the way down.
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My analysis says it will go down to 0.000020 - 0.000025 first. But you never know.
As far as cup/handle goes - there have been plenty of failed cup/handles on the way down.
Well, wave 2, which we are in, can sometimes retrace most of wave 1, so its possible. I am not betting on it though. I'm looking to buy hard if we have another drop to around .036.
I dont think there were any cup and handles on the daily charts at least. Maybe short time frames?
Anyway, its not a completed cup and handle until we break .0527. Unitl then its just a potential and isnt predicting anything. Its only a fantasy right now. :P
The ewave is definitely predicting a huge wave up afte the current correction ends, but not clear how long or deep that correction will be.
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https://bitsharestalk.org/index.php/topic,16902.msg216149.html#msg216149
I'm battling a panic attack for the first time since I discovered this project.
If I feel this way, weaker hands are surely going to dump if the above post doesn't get clarified further.
Yeah, good FUD job by Newmine there. He got a reaction out of bytemaster.
Whats going to happen is that we all are going to vote to fund the devs proposals, and the devs are going to do the proposals, and the price will rise more this summer as the good news keeps rolling, and then everyone will stop being unhappy. :) Devs get paid and BTS goes up.
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My analysis says it will go down to 0.000020 - 0.000025 first. But you never know.
As far as cup/handle goes - there have been plenty of failed cup/handles on the way down.
I'm looking to buy hard if we have another drop to around .036.
Anyway, its not a completed cup and handle until we break .0527.
I'm really enjoying (and benefiting from) this discussion, so please excuse my question which probably has an 'obvious' answer that I'm just not picking up on, but, are all the above bts prices being noted in BTC?
The reason I ask is that right now, bts is sitting at about .00002951BTC/BTS (or $0.006301), so, bitmeat's comments noting BTS price range of .000020 - .000025, makes sense to me, we're talking BTS' "BTC price", but Ander's noted he's "looking for a drop to around .036"...?
I'm missing something. .036 is orders of magnitude greater than the current BTS price of .00002951BTC, so I'm a little confused.... How do we 'drop' from .00002951 'to' a .036...? Is that .036 price in BTCs? (What am I missing/not getting?)
Thanks for the clarification, and sorry if this has an obvious answer that I'm just not picking up on. (It's ok, you can blame it on my 'newbie' status.)
Thanks for the great discussion, and the clarification to my question, guys! I really appreciate it.
Peace.
-Merc
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CNY not btc
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CNY not btc
Thank you, Permie! Got it. Thanks for the clarification.
So, just so I'm certain I'm clear on this, bitmeat was conversing & pricing BTS in BTC, while ander was conversing in CNY...? (Got it.)
Lordy, - gotta remind myself, we're swimming around in an international ecosystem! Very cool!
Thnx again, my friend, for the clarification.
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The reason I use CNY is because the highest volume trade of BTS by far is in CNY, at btc38.
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Well, I just went ahead and bought more instead of waiting for lower prices. I'd rather not miss out. If it goes down I think its heading up afterwards anyway.
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
(http://i.imgur.com/JLQM56T.jpg)
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
(http://i.imgur.com/JLQM56T.jpg)
Haha good one
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I'm still wondering why the price has dropped since the announcement?
IMHO...
announcements are only good for quick pump and dumps, without an actual product it means nothing, it's just hype to make quick profit off of for most day traders.
every small announcement from here until "this summer" will be met with this same small rise, dip leaving the price a little higher each time until we actually do reach "This summer" and some may even wait until after it has been released and proven for a few months before they start buying in.
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The reason I use CNY is because the highest volume trade of BTS by far is in CNY, at btc38.
Thanks for your clarification on that, Ander. I appreciate (and understand) your rationale.
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I'm still wondering why the price has dropped since the announcement?
IMHO...
announcements are only good for quick pump and dumps, without an actual product it means nothing, it's just hype to make quick profit off of for most day traders.
every small announcement from here until "this summer" will be met with this same small rise, dip leaving the price a little higher each time until we actually do reach "This summer" and some may even wait until after it has been released and proven for a few months before they start buying in.
Very reasonable POV.
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
:D +5% +5% +5% +5% :D
I smell a sockpuppet account coming with weekly updates using charts like yours.
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If you haven't read about SmartCoins yet, check this out:
https://bitshares.org/technology/price-stable-cryptocurrencies/
(https://bitshares.org/technology/price-stable-cryptocurrencies/)
BitShares 2.0 will have much stronger pegs because of the lessons learned with the current system.
But remember,
Stable SmartCoins were just the first innovation that started us off on our quest.
BitShares has become much, much more than that.
As you will find out in our next equally big announcement!
Just a few days away...
:)
Just a few days away? Another present?
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The last announcement came after we had started to correct already, so the prcie dropped. But this one will come when the correction is about finished and ready to head higher, so it could pump the price greatly.
Don't think this means that thsecond announcement was great and the first sucked. In reality, its just all about the timing, and whether the market is ready to move up or down.
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
(http://i.imgur.com/JLQM56T.jpg)
Textbook.
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lolololol... you guys..:D
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I'm hoping this price spike, plus bitcoin and many alts beginning to head up again in recent days, means that the rally is starting again. If you havent bought yet because you were waiting for it to go to .03x CNY, you might miss out or get FOMOed soon. I decided to not wait and just bought what I could in the .042x range.
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(http://i.imgur.com/T7jYKGr.png)
market cap prediction : one hundred billion dollars.
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Jabba and Tuck owe me a new keyboard :P. Thank you for much needed levity.
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
:D +5% +5% +5% +5% :D
I smell a sockpuppet account coming with weekly updates using charts like yours.
i begin to think we have add new emotions here on forum.. . :P +5%
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Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.
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Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.
Not sure you can simple blame "the chinese" ..
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Exactly what i predicted.
One drunk passed out fat guy.
After that a bird house.
And than a wizard riding an elephant.
(http://i.imgur.com/JLQM56T.jpg)
Confirmed: we are the new wealthy elite, gentlemen.
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True story.
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Confirmed: we are the new wealthy elite, gentlemen.
I'll believe it when Bitshares surpass Bitcoin's market cap. Which is far from easily done!
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Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.
It won't be bears, it will be mainly front-runners selling on the news imo.
While Bitcoin struggles with changes I think we could see the crypto-currency contenders such as Dogecoin and LiteCoin perform well in the next few weeks. Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly.
Edit: Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.
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Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.
I'd be happy if it is the devs selling to pay bills. Allows for newcomers to enter, and balances out the distribution.
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GET EXCITED! :)
You guys and your joke charts, lol.
Purple line on my chart looks to be happening.
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Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.
I'd be happy if it is the devs selling to pay bills. Allows for newcomers to enter, and balances out the distribution.
I wouldn't be.. not at this time now is the time to make ground on #2 and #1... seems to be a major inflow of money coming in.. that doesn't mean distribute it should mean accumulate.
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A whale just shorted to themself tons of BTS worth of bitCNY, in million share chunks every couple minutes. There's over $100,000 USD worth of volume in bitCNY.
What does it mean?
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I think either he expects the price to drop and/or is happy with storing the value as bitCNY
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I think either he expects the price to drop and/or is happy with storing the value as bitCNY
If he shorts it to himself, it doesnt change his position. If he expected the price to drop he would just buy itCNY from others, not short to himself. I'm guessing its just a big whale rolling over his position.
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Man, litecoin is going craaaazy.
We are fighting to stay ahead of Doge.
Hopefully when china wakes up very soon they'll see this and drive BTS to the moon as well on btc38.
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I'm guessing something big is coming out of Greece this week
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I'm guessing something big is coming out of Greece this week
All of its money? :D
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Man, litecoin is going craaaazy.
Old Skool P&D.
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I'm guessing something big is coming out of Greece this week
All of its money? :D
Capital controls
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I'm guessing something big is coming out of Greece this week
All of its money? :D
Capital controls
All its money leaving prior to the implementation of those capital controls.
Then what will they do to get their money out before its stolen? Buy crypto or PMs are the only options.
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Come on guys, we are only up 11.5%. What is this BS?
Buy harder! :P
Its time for the CCMF!
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China's only waking up it will be interesting to see if LTC still has some legs.
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BitShares-PTS up 24% ??
http://coinmarketcap.com/currencies/bitshares-pts/ (http://coinmarketcap.com/currencies/bitshares-pts/)
Are people in Greece just buying anything crypto? I mean it makes sense...doesn't take a lot of money to move the entire space so even if it's just a few wealthy people...
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BitShares-PTS up 24% ??
http://coinmarketcap.com/currencies/bitshares-pts/
:o
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Can't believe the price is just following the LTC pump now. Shows you how unimportant news is in the crypto world. Heh.
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I'm guessing something big is coming out of Greece this week
All of its money? :D
;D and :-\ at the same time.
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Come on guys, we are only up 11.5%. What is this BS?
Buy harder! :P
Its time for the CCMF!
Now we know who's selling. ;)
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I'm not selling, unless we pull a litecoin, in which case I'd sell just a bit and try to buy back 5-10% lower.
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i guess now the question is when will it come down. every crypto is suddenly rising, doesn't seem natural at all
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i guess now the question is when will it come down. every crypto is suddenly rising, doesn't seem natural at all
The last pump lasted a few days, let's see how long this one goes on.
But then it will retreat and fall back to a little higher than last time (at least for Bitshares). There's definitely no correlation between the recent good news and this price increase, so I guess that increased adoption will only have a low to moderate impact in the short term. We might see in the future when Bitshares 2.0 is released a steady but incremental increase in the market cap as the Bitshares blockchain gain more and more utility. I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.
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i guess now the question is when will it come down. every crypto is suddenly rising, doesn't seem natural at all
Perfectly natural to me.. I predicted alt craze many months ago although last btc pumps have failed me maybe this time it's actually happening.
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I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.
Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.
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I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.
Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.
In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself.
The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
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The volatility in crypto should be expected given the small market caps and low liquidity. When one guy with some money buys or sells it has a huge effect, and then momentum followers pile on as well.
The intraday chart for the past couple days i very strange. It looks like one guy is periodically pumping the price by buying millions at once, and then someone else dumps afterward each time. Each time the push up gets easier at least, since we took out some resistance.
I wish our news would have an effect on the price sometimes. It doesnt seem correlated at all.
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I didn't believe I would say this but it appears that Greeks are waking up with crypto...Over the last week I had a lot of people start asking me about bitcoin...Same people that were ignoring me for the last 2 years..lol...
What I always believed and worked quite well for me in the past, is that when bitcoin goes up, all other explode...So if there are capital controls in Greece (which I am pretty soon will have sooner or later) and speculation about bitcoin goes mad (irrespective if Greeks are buying or not) then Bitshares and other will explode in price (irrespective if Greeks are buying or not..)
So all in all prepare yourselves for huge rises in crypto because bad things are definitely coming in Greece..And when this happens if bitcoin goes +100% rise within a week, bitshares will be +500% within the same period..The only difference will be that once all bull madness stops, hopefully bitshares 2 will be ready for mass adoption and Greeks may actually start buying biteuros...And then Bitshares will be unstopable...Don't forget that this small country has a lot of very wealthy people, shipowners etc..A couple of those buying biteur and Bitshares will overtake bitcoin.Think twice now before you dump your bitshares for peanuts...
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I didn't believe I would say this but it appears that Greeks are waking up with crypto...Over the last week I had a lot of people start asking me about bitcoin...Same people that were ignoring me for the last 2 years..lol...
What I always believed and worked quite well for me in the past, is that when bitcoin goes up, all other explode...So if there are capital controls in Greece (which I am pretty soon will have sooner or later) and speculation about bitcoin goes mad (irrespective if Greeks are buying or not) then Bitshares and other will explode in price (irrespective if Greeks are buying or not..)
So all in all prepare yourselves for huge rises in crypto because bad things are definitely coming in Greece..And when this happens if bitcoin goes +100% rise within a week, bitshares will be +500% within the same period..The only difference will be that once all bull madness stops, hopefully bitshares 2 will be ready for mass adoption and Greeks may actually start buying biteuros...And then Bitshares will be unstopable...Don't forget that this small country has a lot of very wealthy people, shipowners etc..A couple of those buying biteur and Bitshares will overtake bitcoin.Think twice now before you dump your bitshares for peanuts...
you'd know better than most of us on here, but it does seem like a good deal of financial repression is heading your way in Greece. It'd be great to see more people protect themselves via crypto, even if it's just a transmission vehicle to get funds out of country.
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I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.
Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.
In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself.
The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
also consider that the BTS market cap has run up to about $20M from $8M a month ago...not a bad gain :)
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I believe a "slow" but continuous growth is definitely more sustainable than 15-20% daily increases.
Same here...volatility shocks like this can be appealing to new adopters when they're positive, but scare way too many people away on the negative side. I'd rather see slow and steady growth, but I don't think that's in the cards for the early stages of this industry.
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.
In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself.
The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
also consider that the BTS market cap has run up to about $20M from $8M a month ago...not a bad gain :)
When you consider that it was in the 40-50M range to start the year it doesnt look like a gain anymore. :P
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also consider that the BTS market cap has run up to about $20M from $8M a month ago...not a bad gain :)
When you consider that it was in the 40-50M range to start the year it doesnt look like a gain anymore. :P
[/quote]
ha, yeah i hear ya! anchoring, though, my cyber friend...
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Got another 120k BTS in the .0440s. It'll probably either be terrible timing or awesome timing, but I dont know which yet.
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Got another 120k BTS in the .0440s. It'll probably either be terrible timing or awesome timing, but I dont know which yet.
:-\
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Turned out to be bad, the support level broke. Was hoping it would hold.
This corrective phase is dragging on. The low volume pullback continues.
It surprises me that the price is doing so poorly when we are having all this news. I'd expect one sell the news event, but now we are having news every week, with actual press articles, and its going nowhere.
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Turned out to be bad, the support level broke. Was hoping it would hold.
This corrective phase is dragging on. The low volume pullback continues.
It surprises me that the price is doing so poorly when we are having all this news. I'd expect one sell the news event, but now we are having news every week, with actual press articles, and its going nowhere.
Maybe BJ2.O is cashing out so he doesn't have to go hungry in the desert. ;) It's sinful to sell at these prices!
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Turned out to be bad, the support level broke. Was hoping it would hold.
This corrective phase is dragging on. The low volume pullback continues.
It surprises me that the price is doing so poorly when we are having all this news. I'd expect one sell the news event, but now we are having news every week, with actual press articles, and its going nowhere.
Maybe BJ2.O is cashing out so he doesn't have to go hungry in the desert. ;) It's sinful to sell at these prices!
A moment of thanks for the siners.
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A moment of thanks for the siners.
(http://i.imgur.com/kUG3Gat.jpg)
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Only a few weeks ago the market cap was 8-9M USD. There's a lot of dumping (profiting) now as a result. Remember not everyone see's bitshares as a long term investment, to some its just another coin to play with.
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to most its just another coin to play with.
ftfy ;)
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We will most likely double these prices before a top is set.. Any pullback is a buy right now
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I'm surprised someone with $40K doesn't just come in and buy BTS and short the hell out of those desperate bids. Or is the issue that they may have to cover a month from now?
I'm still unclear what the latest rules are. Can you short at higher prices now? Would a short order above be matched by a regular buy?
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We will most likely double these prices before a top is set.. Any pullback is a buy right now
I agree, thats why I bought it at .044. Might just be that the low was 1 dump lower than that, at .04. Its refusing to stay at .04, bounces up to .043 each time.
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We will most likely double these prices before a top is set.. Any pullback is a buy right now
I agree, thats why I bought it at .044. Might just be that the ow was 1 dump lower than that, at .04. Its refusing to stay at .04, bounces up to .043 each time.
I already bought mine :D
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Remember NXT had a value of near 100million last year as well and they are down to 11million.
I'm going to piss off some NXT'rs (again), but that was mostly due to the massive pump & dump we warned them* about before it ever happened.
* my assumption. some say they, the big boys of NXT, were in on it, you be the judge, go read (http://tuckfheman.com/post/96932517399/supernetwork-ico-raised-2k-bitcoins-in-2-hours) their forum from last summer.
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Only a few weeks ago the market cap was 8-9M USD. There's a lot of dumping (profiting) now as a result. Remember not everyone see's bitshares as a long term investment, to some its just another coin to play with.
exactly...crypto markets are so illiquid considering that they're globally accessible, so prices are even more so driven by marginal traders who can have very short term anchor points. someone buying in at $8M market cap would have every justification to close out their trade at these prices and feel good about themselves. they may not feel as good about themselves when it's at $80M or $800M, but so be it...
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Only a few weeks ago the market cap was 8-9M USD. There's a lot of dumping (profiting) now as a result. Remember not everyone see's bitshares as a long term investment, to some its just another coin to play with.
when it's at $80M or $800M, but so be it...
Now THAT sir is what I'm expecting to see !
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Only a few weeks ago the market cap was 8-9M USD. There's a lot of dumping (profiting) now as a result. Remember not everyone see's bitshares as a long term investment, to some its just another coin to play with.
exactly...crypto markets are so illiquid considering that they're globally accessible, so prices are even more so driven by marginal traders who can have very short term anchor points. someone buying in at $8M market cap would have every justification to close out their trade at these prices and feel good about themselves. they may not feel as good about themselves when it's at $80M or $800M, but so be it...
Every time the market cap of BTS will increase significantly, we'll see traders cashing out their profit, satisfied they made a good return on their investment. They'll be looking for the next pump on another alt. So each big rise will be followed by a retreat of the price. But each retreat following a rise will leave BTS at a higher market cap then before. Include in this mix the fact that more and more clients will be using the Bitshares blockchain and you've got organic growth. So instead of a period of stable/declining prices after a retreat while waiting the next pump, the price will continue to steadily increase. I don't have a crystal ball, but I believe BTS is in for a wild ride in the next 12 to 18 months.
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It would be really helpful if bitcoin could start moving higher... Right now btc is still the lead dog and a jump in price would grab a lot of crypto media attention. That would bring in more outsiders and give them more of a reason to look at alts like bts... Once they own bitcoin it becomes much easier and less expensive for them to move to bts, not to mention getting over the mental hurdle of buying crypto to begin with.
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Freaking Litecoins.
BTS has spent over a month now correcting. We should be ready to move.
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dogecoin is even doing better than bts... seems bts bears are too strong and dogecoin bears not enough of them... more volume in doge too. THe market hasnt bought up the new bts release as of yet.. so i think they will need to see a proof of concept. Right now all coins rising.. and then the coins with bigger bears are being dragged down... i do think we will rise so not a time to sell unless you think you can get better gains in another coin.. but thats a dumb move IMO at this point because its negligible difference at this point.
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It would be really helpful if bitcoin could start moving higher... Right now btc is still the lead dog and a jump in price would grab a lot of crypto media attention. That would bring in more outsiders and give them more of a reason to look at alts like bts... Once they own bitcoin it becomes much easier and less expensive for them to move to bts, not to mention getting over the mental hurdle of buying crypto to begin with.
Yes I said many times that when the REAL altcoin craze happens it will be in coordination with btc unlike the other times.
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The market hasnt bought up the new bts release as of yet.
The market has sold the new BTS release, because they swallowed all the FUD about Cryptonomex.
so i think they will need to see a proof of concept.
Indeed, we need the release. I think 100k TPS is incredibly exciting, but peopel are going to have to see it in order to believe it.
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Freaking Litecoins.
$$$$$ 8) 8) 8)
Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly.
Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.
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What logical rationale is there for LTC to be worth nearly 10 times BTS? ???
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What logical rationale is there for LTC to be worth nearly 10 times BTS? ???
LTC currently has real usage as a tumbler for Bitcoin.
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Because of capital control in Greece I expect BTC to increase the next days from citizens from other European Country's in fear they could be the next victims....
Sent from my ALCATEL ONE TOUCH 997D
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Don't underestimate a domino effect...
Sent from my ALCATEL ONE TOUCH 997D
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Don't underestimate a domino effect...
don't overestimate the ratio in decentralized markets .. hint: LTC ;D
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It would be really helpful if bitcoin could start moving higher... Right now btc is still the lead dog and a jump in price would grab a lot of crypto media attention. That would bring in more outsiders and give them more of a reason to look at alts like bts... Once they own bitcoin it becomes much easier and less expensive for them to move to bts, not to mention getting over the mental hurdle of buying crypto to begin with.
agreed. any boost to crypto acceptance is a good thing for BTS. we just need to be patient and keep pushing for the best p2p asset exchange...
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Freaking Litecoins.
$$$$$ 8) 8) 8)
Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly.
Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.
What logical rationale is there for LTC to be worth nearly 10 times BTS? ???
Immutability.
(It's Chinese popularity is also very beneficial.)
I've written about the subject extensively and pre-emptively. (Prior to the BTSX to BTS transition)
I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.
In terms of percentage gains LTC & DGC could be the big winners, followed by NXT & possibly PPC etc, then Bitcoin itself.
The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.
DGC has made some changes in the past, but if you understood this principle and went strongly into LTC with additional exposure to PPC, DGC & NXT , your portfolio would be up over 50% in two weeks and climbing vs. being stagnant with BTS. (Despite BTS being the one with the best blockchain and game changing developments in progress.)
XRP has done well over the same period and I have it in my portfolio, but that's based primarily on it's RBS news imo.
So you are now left with the frustrating situation where vastly inferior blockchains will rise rapidly in value when centralised currencies have problems despite having almost no development and being extremely costly while BitShares, who is literally blowing them away from a development standpoint and cost comparison has to get it's valuation up the hard way through blood, sweat and tears.
(Edit: Clout also makes a good point in another thread about Btc-e deposits surging and everything listed there doing very well.)
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Very interesting point about the btc-e pump, that makes a lot of sense actually.
In may we had a btc38 centered pump with BTS and Doge leading, because those are popular there.
Traders like to make an account on one site, and trade the coins listed on that site.
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I bought more in the .0370s. The correction has dragged on, but if C=A in this ABC correction the bottom should be around .036 - .037ish.
The moving averages look bad now, but its very oversold, RSI is about as low as it can go already.
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People just randomly dumping everything to chase whatever already broke out. They dump to buy LTC, now they dump LTC to buy NXT, and its up 40%.
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People just randomly dumping everything to chase whatever already broke out. They dump to buy LTC, now they dump LTC to buy NXT, and its up 40%.
They sold everything to buy NXT because of this news.
http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/ (http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/)
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Apparently articles about NXT make it go up 40%, but ones about BTS dont do shit. Got it.
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Apparently articles about NXT make it go up 40%, but ones about BTS dont do shit. Got it.
A proper article in Forbes about NXT, directly related to the current Greek situation (that is moving crypto) and it's ability to solve problems there. So it's not too surprising.
I actually find highlighting 2.0 tech at this time bullish for BitShares because BTS 2.0 & BitAssets are superior.
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Apparently articles about NXT make it go up 40%, but ones about BTS dont do shit. Got it.
NXT is a LOT more stable than BTS. Perhaps that has something to do with it?
If BTS2.0 delivers on a cleaner, more stable client, then heavy marketing can begin. Dan didn't want to settle for mediocre product with 1.0.
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People just randomly dumping everything to chase whatever already broke out. They dump to buy LTC, now they dump LTC to buy NXT, and its up 40%.
They sold everything to buy NXT because of this news.
http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/ (http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/)
you sold all your BTS to buy NXT? i've been buying both steadily over the last year and will keep doing so. I actually sold a little NXT today to buy some more BTS to take advantage of the price differential.
in general, i think it a good idea to spread your bets around a few of the key crypto ventures since we don't know which will succeed in the end. BTS is definitely on my short list of innovative crypto ventures to keep loading up on every time i see a decent buy opportunity.
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* The .0365 low that we hit was an exact 50% fib retracement of the move from .0198 to .0532.
* Volume was higher the past two days as we approached the low, but was still much less than during the may rally.
* The price action for the past 5 weeks looks like an ABC correction.
* Indicators are very oversold.
The only negative is the moving averages.
This could be a bottom, marking the end of this wave 2 correction and start of wave 3 up. (It could drag on and go a bit lower, but it doesnt need to).
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* The .0365 low that we hit was an exact 50% fib retracement of the move from .0198 to .0532.
* Volume was higher the past two days as we approached the low, but was still much less than during the may rally.
* The price action for the past 5 weeks looks like an ABC correction.
* Indicators are very oversold.
The only negative is the moving averages.
This could be a bottom, marking the end of this wave 2 correction and start of wave 3 up. (It could drag on and go a bit lower, but it doesnt need to).
i've never put too much stock into technical analysis, but i'll take any positive news at this point :)
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* The .0365 low that we hit was an exact 50% fib retracement of the move from .0198 to .0532.
* Volume was higher the past two days as we approached the low, but was still much less than during the may rally.
* The price action for the past 5 weeks looks like an ABC correction.
* Indicators are very oversold.
The only negative is the moving averages.
This could be a bottom, marking the end of this wave 2 correction and start of wave 3 up. (It could drag on and go a bit lower, but it doesnt need to).
i've never put too much stock into technical analysis, but i'll take any positive news at this point :)
As a non-trader, the only time I'd be concerned about the price is if it doesn't increase after DPOS 2 is released. Until then it's all noise, IMO. It seems to be the same players just moving their value from coin to coin. I would be more upset if bitcoin or nxt suddenly had a huge influx of new users and none of them liked BitShares (if bts price doesn't move too)
Obviously it could be very profitable noise if you know what you're doing
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For perspective I'm just going to leave this here :)
(http://i.imgur.com/puuowlu.png)
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Excellent perspective @Riverhead
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For perspective I'm just going to leave this here :)
wow
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BUYYYYYYYYYYY!
NOW.
The price is at .0408 as I post this.
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BUYYYYYYYYYYY!
NOW.
The price is at 4.08 as I post this.
+5% BTC38 all green, (Excl.XRP) maybe we get some nice BTS increase tonight.
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signs of life
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(http://i.imgur.com/LSFeAmf.png)
XRP\BTS\STR..
:'( :'( :'( :'( :'( :'( :'(
Why?
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Holy shit BTC is going nuts on huobi. WTF.
Its like 60 dollars higher than Bitfinex.
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signs of life
Right ... :-X
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(http://i.imgur.com/LSFeAmf.png)
XRP\BTS\STR..
:'( :'( :'( :'( :'( :'( :'(
Why?
You and newmine been shorting bts?
Could explain a lot
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(http://i.imgur.com/LSFeAmf.png)
XRP\BTS\STR..
:'( :'( :'( :'( :'( :'( :'(
Why?
You and newmine been shorting bts?
Could explain a lot
NONONO.
I am shorting bitusd
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XRP\BTS\STR..
:'( :'( :'( :'( :'( :'( :'(
Why?
You and newmine been shorting bts?
Could explain a lot
NONONO.
I am shorting bitusd
Then why are you crying over a 9% gain?
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Looks like everything dumped late last night. Was crazy.
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Looks like everything dumped late last night. Was crazy.
yup, and now rolling into BTC. in the end this big pump brought in a bunch of new capital to crypto...maybe something like $50M in new capital that'll slosh around trying to find a home. right now it's just going back to BTC, but the pie has grown overall...
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Hello everyone I am new to Bitshares...i have a few questions.
1. Why does the wallet on the website not work?
2. If i invest in BTS now are my shares safe?...is this an ico or something ...
3. Do you see BTS hitting .05 usd this year or higher?
sorry for stupid questions
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Hello everyone I am new to Bitshares...i have a few questions.
1. Why does the wallet on the website not work?
2. If i invest in BTS now are my shares safe?...is this an ico or something ...
3. Do you see BTS hitting .05 usd this year or higher?
sorry for stupid questions
welcome @Blazin8888,
#1 i'll defer to one of the technical guys in here, but my wallet works just fine
#2 from a tech perspective, i'd say your BTS are 'safe' in that the network isn't going anywhere anytime soon. from a finance perspective, no BTS cannot claim to be safe, BTS are shares in a high risk distributed startup company whose future is uncertain. that said, i'm quite bullish on BTS.
#3 only soothsayers and charlatans would claim to be able to predict BTS price, so no clue :)
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thank you sir.
When I open my wallet on windows 8.1 it says failed to start wallet please restart
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thank you sir.
When I open my wallet on windows 8.1 it says failed to start wallet please restart
my pleasure and good luck getting that wallet set up! if you feel up for it at some point, check out the asset exchanges. bitUSD and bitCNY are the most liquid, so prob the best places to start playing around buying or shorting our products.
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I have done all of that several times and it still says
"an error occurred while trying to start please restart the application."
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I have done all of that several times and it still says
"an error occurred while trying to start please restart the application."
This thread provides a few leads: https://bitsharestalk.org/index.php?topic=7022.0
-Try clearing out the %APPDATA%/BitShares folder (assuming you don't have any wallets)
-Do you have non-english characters in your username?
-Have you installed the BitShares client before?
If none of these work, you should post a screenshot
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No i have never installed it. I tried what you said and it still does not work. Everything is in english yes.
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I have done all of that several times and it still says
"an error occurred while trying to start please restart the application."
maybe your antivirus is causing the problem?
https://bitsharestalk.org/index.php/topic,15912.msg206656.html#msg206656
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No i have never installed it. I tried what you said and it still does not work. Everything is in english yes.
Download latest release from github. Try again after cleaning your data die.
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Thank you was my anti virus!
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Glad you figured it out Blazin!
Back to the price...good chance of a bottom here at .036 again. Three dumps down to that level today and each time it bounces right back up. This is the 50% retracement level of the move up, so its a common place to find a bottom or the retracement. The june-july pullback has been much lower volume than the may rise, which indicates we will probably go up again.
Was sad to see our post-litecoin-pump rally come to an end with so much dumping. But we shook off some more bears in the process. Gotta get all the shares into the hands of actual bitshares believers, so we can go up!
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Glad you figured it out Blazin!
Back to the price...good chance of a bottom here at .036 again. Three dumps down to that level today and each time it bounces right back up. This is the 50% retracement level of the move up, so its a common place to find a bottom or the retracement. The june-july pullback has been much lower volume than the may rise, which indicates we will probably go up again.
Was sad to see our post-litecoin-pump rally come to an end with so much dumping. But we shook off some more bears in the process. Gotta get all the shares into the hands of actual bitshares believers, so we can go up!
Until a release date becomes more clear for bitshares 2.0, we probably will just slosh around this 15mil market cap. It would be kind of funny if banxshares ends up surpassing us in market cap.
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Glad you figured it out Blazin!
Back to the price...good chance of a bottom here at .036 again. Three dumps down to that level today and each time it bounces right back up. This is the 50% retracement level of the move up, so its a common place to find a bottom or the retracement. The june-july pullback has been much lower volume than the may rise, which indicates we will probably go up again.
Was sad to see our post-litecoin-pump rally come to an end with so much dumping. But we shook off some more bears in the process. Gotta get all the shares into the hands of actual bitshares believers, so we can go up!
Until a release date becomes more clear for bitshares 2.0, we probably will just slosh around this 15mil market cap. It would be kind of funny if banxshares ends up surpassing us in market cap.
Bank price seems to be set at a fixed amount of BTC, so if we drop in satoshi terms enough, or they raise the price, it'll happen.
We may have to wait until release for price to rise again, but maybe some forward thinking whales will buy it up in advance so they are positioned when the news hits. We'll see. There have been too many people wanting to sell over the past 6 weeks. We just need them to run out.
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Glad you figured it out Blazin!
Back to the price...good chance of a bottom here at .036 again. Three dumps down to that level today and each time it bounces right back up. This is the 50% retracement level of the move up, so its a common place to find a bottom or the retracement. The june-july pullback has been much lower volume than the may rise, which indicates we will probably go up again.
Was sad to see our post-litecoin-pump rally come to an end with so much dumping. But we shook off some more bears in the process. Gotta get all the shares into the hands of actual bitshares believers, so we can go up!
working on it! buy more every day, just small(ish) batches to keep it consistent.
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Two questions..
1. What has been the ATH of BTS
2. Where do you guys see 2015s ATH reaching after Bitshares 2.0 drops?
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Two questions..
1. What has been the ATH of BTS
2. Where do you guys see 2015s ATH reaching after Bitshares 2.0 drops?
here's a cool price chart:
http://bitsharesblocks.com/charts/prices
no clue where BTS price will end up, but i'm bullish :)
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Two questions..
1. What has been the ATH of BTS
About 5 cents. (.32 CNY)
Or around 9-10k satoshis, for a couple days in august and again in october).
Its currently down about 85% from the high. Its below the ipo price, from back when Bitshares was just an idea and no code had even been written.
2. Where do you guys see 2015s ATH reaching after Bitshares 2.0 drops?
500 knives properly properly! (This is an inside joke).
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Interesting. Just to confirm it is no longer an ICO correct?
The BTS I purchase today will still be good tmrw?
Many people are sidetracked by BTC and LTC but when things pick up even more on those ends I think we will see more attention drawn this way.
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Interesting. Just to confirm it is no longer an ICO correct?
The BTS I purchase today will still be good tmrw?
Many people are sidetracked by BTC and LTC but when things pick up even more on those ends I think we will see more attention drawn this way.
ICO ended like 15 months ago. BTS today is good tomorrow, yes. But don't buy it on bter! Btc38 is #1 volume by a lot, poloniex is 2nd.
When BTS 2.0 launches all your BTS will convert into the new BTS, with no change in stake. Supply will remain a bit over 2.5 billion, with a small amount of inflation for paid delegates, but less inflation than bitocin, litecoin, or doge (even after the halvings).
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Interesting. Just to confirm it is no longer an ICO correct?
The BTS I purchase today will still be good tmrw?
Many people are sidetracked by BTC and LTC but when things pick up even more on those ends I think we will see more attention drawn this way.
ICO ended like 15 months ago. BTS today is good tomorrow, yes. But don't buy it on bter! Btc38 is #1 volume by a lot, poloniex is 2nd.
Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.
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Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.
https://blocktrades.us is my preferred method to buy BTS. second is via shapeshift.io ...def prefer to stay away from centralized exchanges that hold customer funds.
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Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.
Yes, this is a good option as well. Blocktrades.us has better spreads than shapehift (at least when I have used it).
If you buy on an exchange, make sure to withdraw it into your own wallet afterwards.
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Consider metaexchange (https://metaexchange.info/?refid=2) too.
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Consider metaexchange (https://metaexchange.info/?refid=2) too.
tried it. works like a charm.
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Anyone know the reason for the transaction spike on 17 Jun?
http://bitsharesblocks.com/charts/transactions (http://bitsharesblocks.com/charts/transactions)
Two questions..
1. What has been the ATH of BTS
2. Where do you guys see 2015s ATH reaching after Bitshares 2.0 drops?
here's a cool price chart:
http://bitsharesblocks.com/charts/prices
no clue where BTS price will end up, but i'm bullish :)
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Anyone know the reason for the transaction spike on 17 Jun?
http://bitsharesblocks.com/charts/transactions (http://bitsharesblocks.com/charts/transactions)
Was that NameNarwhal registering tons of names?
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Anyone know the reason for the transaction spike on 17 Jun?
http://bitsharesblocks.com/charts/transactions (http://bitsharesblocks.com/charts/transactions)
Was that NameNarwhal registering tons of names?
Yes: https://bitsharestalk.org/index.php/topic,17016.msg217585.html#msg217585
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Okay thank you for all your help...i have backed up my wallet to a USB but it is not a .dat file?
it is .json??
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Okay thank you for all your help...i have backed up my wallet to a USB but it is not a .dat file?
it is .json??
Yes it is normal. File extensions doesnt mean much anyways.
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What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?
Theres like 50k usd being put into BitCNY so something must be there..
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What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?
The point is PRICE STABILITY ... you have a token with the features of crypto and the price of fiat .. it's like paypal .. just better
Theres like 50k usd being put into BitCNY so something must be there..
bitCNY market is a little more liquid atm .. that may be the only reason .. who knows ..
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What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?
Theres like 50k usd being put into BitCNY so something must be there..
great question, esp since i'm brainstorming a startup venture to market and sell bitUSD to the public. here are the advantages i've documented so far (would love anyone else to chime in here):
1) bitUSD earns a much higher than banking interest rate, currently ~5.5%
2) bitUSD moves funds to the blockchain instead of keeping them in the traditional financial system
3) You get all the benefits of a crypto asset: near instantaneous transactions, negligible transaction costs, no capital controls
4) bitUSD can be easily traded for most popular crypto currencies and assets using services like shapeshift.io
5) bitUSD is also a short on BTS, so you can take a negative bet on BTS if you think the price will keep going down (i don't)
so, you're not going to hold bitUSD to speculate on it ever being worth more than 1 USD (which it does actually fluctuation btw, but within +/- 10% of the peg), but you'd do it to park funds into crypto and earn a way above average interest rate on your savings.
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but you'd do it to park funds into crypto and earn a way above average interest rate on your savings.
AFAIK this won't be true anymore in BTS 2.0
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but you'd do it to park funds into crypto and earn a way above average interest rate on your savings.
AFAIK this won't be true anymore in BTS 2.0
ok this point needs some serious clarification bc i've been touting the hell out of bitUSD as being a way to earn a way above banking interest rate on savings. getting rid of interest destroys one of the biggest reasons to park savings in bitassets.
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The Bond market allows people to "park" BitUSD at interest in a CD.
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don't worry man, I'll pay you 4% interest annually on your crappy bitUSD at today's prices for three years and then sell that worthless bitFIAT on the DEX (to purchase more BTS, rinse, repeat) , then buy it back on the open market 3 years later when it is worthless, and give you back your chump change. It's more of a guaranteed long term short (that can't get called in due to low collateral), so I can party for a year straight without ever feeling the itch to check the share price. You would have to deal with any arbitration at the feed price in a liquidation sale. Sucker....
The bond market is black swan protection for the shorter like me. The rest of the shorters will think they made money the day BTS moons, but will be in for a surprise when they open their wallets (short position liquidated)
chop chop Danny Boy
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don't worry man, I'll pay you 4% interest annually on your crappy bitUSD at today's prices for three years and then sell that worthless bitFIAT on the DEX (to purchase more BTS, rinse, repeat) , then buy it back on the open market 3 years later when it is worthless, and give you back your chump change. It's more of a guaranteed short (that can't get called in due to low collateral). You would have to deal with any arbitration at the feed price in a liquidation sale. Sucker....
The bond market is black swan protection for the shorter like me. The rest of the shorters will think they made money the day BTS moons, but will be in for a surprise when they open their wallets (short position liquidated)
chop chop Danny Boy
i wouldn't be so callous about this. i've invested quite a bit in BTS and intended to be long term on the short side of bitassets to help create the products that'd end up driving BTS value through the roof. what we're losing here is the simple reason for why non-crypto people might decide to park potentially billions into our system. attracting more people like us who are already crypto believers isn't the big value proposition; it's getting the rest of society to take the plunge.
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The Bond market allows people to "park" BitUSD at interest in a CD.
so this is essentially segmenting the current bitUSD market into the currency proxy (bitUSD) and then the interest-bearing asset (the future bond)? any blueprints available for how the bond market might operate? would it start with a few standardized options, like 30-day, 90-day, and 1-year bonds?
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i wouldn't be so callous about this.
Dude, I'm joking...You wouldn't be stupid enough to short the bitUSD to yourself then loan it out. The dude who shorted the bitUSD to you (and did not purchase the black swan protection for shorts AKA moonswan protection) (BTS price rises suddenly) is going to be in for a surprise when the next whale climbs aboard.
looking forward to those whales hopping on board
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moonswan
(http://images.fineartamerica.com/images-medium-large/white-moon-black-swan-angel-jesus-de-la-fuente.jpg)
too sleepy to add any bts related stuff on it, so imagine all the cool stuff i could have done.
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Lets recap - when the bts price falls you want to be long bitUSD, those who are short bitUSD need to margin up or cover at a loss. If the BTS prices rises (say for example due to fantastic news), then bitUSD shorts laugh until bitUSD longs holding worthless bit-paper get pissed and dump their bitUSD on the market. And if there are no buyers of bitUSD, then the shorters lose their positions one by one.
The shorters "lose their positions" by buying the bitUSD to cover the short, ending up with more BTS than they started, and BTS has increased in price? How is that bad? Thats exactly what they hoped would happen in the first place.
I don't understand what you are getting at.
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looking forward to those whales hopping on board
how many of your friends are not yet into crypto, but you cannot tell them to get a wallet yet?
Lets recap - when the bts price falls you want to be long bitUSD, those who are short bitUSD need to margin up or cover at a loss. If the BTS prices rises (say for example due to fantastic news), then bitUSD shorts laugh until bitUSD longs holding worthless bit-paper get pissed and dump their bitUSD on the market. And if there are no buyers of bitUSD, then the shorters lose their positions one by one. and since I like partying instead of refreshing coinmarketcap, I'm not going to be the short who is not insured by the bond market who has to buy BTS to collateralize his short position because surprise, surprise, the BTS price is rising... silly shorter, you should have bought MOONSWAN INSURANCE (bond market dig?)
this shit is simple, elegant, and unobtrusive in my life. thats my plan.. what are you going to use BitShares for?
too many of my friends don't own any crypto, which is embarrassing to me, but i guess people are exactly programmed to jump onboard new concepts from the start.
what am i going to do with my BTS? i'm using them to create bitUSD and i hope to make a business selling Bitshares assets to the masses.
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looking forward to those whales hopping on board
how many of your friends are not yet into crypto, but you cannot tell them to get a wallet yet?
Lets recap - when the bts price falls you want to be long bitUSD, those who are short bitUSD need to margin up or cover at a loss. If the BTS prices rises (say for example due to fantastic news), then bitUSD shorts laugh until bitUSD longs holding worthless bit-paper get pissed and dump their bitUSD on the market. And if there are no buyers of bitUSD, then the shorters lose their positions one by one. and since I like partying instead of refreshing coinmarketcap, I'm not going to be the short who is not insured by the bond market who has to buy BTS to collateralize his short position because surprise, surprise, the BTS price is rising... silly shorter, you should have bought MOONSWAN INSURANCE (bond market dig?)
this shit is simple, elegant, and unobtrusive in my life. thats my plan.. what are you going to use BitShares for?
too many of my friends don't own any crypto, which is embarrassing to me, but i guess people are exactly programmed to jump onboard new concepts from the start.
what am i going to do with my BTS? i'm using them to create bitUSD and i hope to make a business selling Bitshares assets to the masses.
It's embarrassing to you that your friends aren't in crypto?? Are you embarrassed that they havn't lost a bunch of money buying pretty much any crypto coin out there? Crypto has been in a massive bear market over the last year and most people are sitting on huge losses... I don't think your friends are the ones you need to be embarrassed about...
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It's embarrassing to you that your friends aren't in crypto?? Are you embarrassed that they havn't lost a bunch of money buying pretty much any crypto coin out there? Crypto has been in a massive bear market over the last year and most people are sitting on huge losses... I don't think your friends are the ones you need to be embarrassed about...
it's not that crypto has been an amazing speculation in the last year (although in the last 2 years it has been), it's that the tech is potentially the most important and positively disruptive in the last couple decades and at least ought to be experimented with.
then again, maybe my original comment was a little harsh...i understand that crypto is still very new and scary to new entrants...i didn't mean to minimize that fact. i just personally love what crypto has to offer and get exacerbated when people refuse to even listen.
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Wow, everything on btc38 getting absolutely hammered right now.
I guess thats why BTS down a bunch.
.0365, the 50% fib retracement line, got broken in this selloff. .618 retracement line is at .0320.
Its sad that BTS continues to get no support. I guess no one trust it at all and they just think the 2.0 claims are hot air/vaporware. We really need 2.0 to release ,and be good.
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Selling alts like crazy to buy BTS at these prices 8)
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Wow, everything on btc38 getting absolutely hammered right now.
I guess thats why BTS down a bunch.
.0365, the 50% fib retracement line, got broken in this selloff. .618 retracement line is at .0320.
Its sad that BTS continues to get no support. I guess no one trust it at all and they just think the 2.0 claims are hot air/vaporware. We really need 2.0 to release ,and be good.
no pressure guys, but can you please make 2.0 perfect? :)
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Just release it, ever, thats all we ask. :P
No repeats of last november.
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I noticed BTS withdrawal is disabled on BTER this could also be causing a downward pressure.
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I noticed BTS withdrawal is disabled on BTER this could also be causing a downward pressure.
I dont think that would effect btc38 though.
Buy now ~3.20ish. Serious dumping just happened, very oversold.
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Really, #10 on CMC now? You'll never get a better time relative to other coins than this.
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Wow this is getting shitty again... Welcome back to April...
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rubbish
2.0 is far away and not within the foreseeable future
shitty
announced 2.0 at 6.8,and now is 7.16,with nothing but hotair and useless news.
they can't release even a testnet and a stable 1.0.
how can we count on them do something big in summer?
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Lets recap - when the bts price falls you want to be long bitUSD, those who are short bitUSD need to margin up or cover at a loss. If the BTS prices rises (say for example due to fantastic news), then bitUSD shorts laugh until bitUSD longs holding worthless bit-paper get pissed and dump their bitUSD on the market. And if there are no buyers of bitUSD, then the shorters lose their positions one by one.
The shorters "lose their positions" by buying the bitUSD to cover the short, ending up with more BTS than they started, and BTS has increased in price? How is that bad? Thats exactly what they hoped would happen in the first place.
I don't understand what you are getting at.
Yes, when the amount of BTS that you can get for selling bitUSD is decreasing rapidly (BTS price rise), the shorters will lose their short positions if there is a panic selling of bitUSD and no offers at the feed. The shorts pick up their profit but then the BTS price continues to rise to new all time highs while they are sleeping. Then in the morning, they wake up to find the BTS price in orbit, but their short positions were called away just over the launch pad (realizing only a tiny profit). So, there, you go Mr. Shorty, you shorted all the way down from $100,000,000 market cap purchasing BTS collateral the whole way down, and losing your ass on paper, and when the BTS price returns back up to the all time high, your short positions get called away at $25,000,000 market cap. You wake up to see that BTS is trading at an all time high, and yet you have only realized a fraction of the profit that the bond lender, who issues the bond at the BTS low (then sold the bitUSD at today's market rate) and buys bitUSD when the BTS price returns to the all time high does. He realizes the full profit. Then he liquidates the bond and proceeds to Barbados. What happened shorty? you should have bought moonswan protection for whatever the going bond rate was at the time, because only those who are bonded (insured against sudden volatile price rises that call shorts to arbitration) get to moonwalk.
I'll pay you 4% annually on your bitUSD so that I can short sell it and not have to worry about forced liquidation.
Am I making sense. I want to go short and not have to worry about my position getting triggered while I'm on permanent vacation. I already have guaranteed risk, I want guaranteed returns, not arbitrary returns based on forced arbitration. Until the bond market is open, however, I am fighting with other shorts to remain the most collateralized (chop chop Danny Boy).
I want to catch the next leg up in crypto, and not watch my position get called away prematurely. What's the matter, you don't think that BitShares will ever surpass its all time high that it hit immediately following the release of its initial proof of concept? cool, well, then go ahead and loan me your bitUSD.
Or maybe you think that when a big name company climbs aboard our smartchain, and all anyone can talk about is how much more exciting the Bitcoin2.0 space is than last year, that bitUSD holders are going to stay put in their obviously poor positions, allowing the short position days, weeks, and months to re-collateralize their position. I'm just not that guy.
The smartcoin short rules require me to insure my position if I want guaranteed profit margins, but you can avoid the bond market and accept variable profit margins on your position. The risk is yours to take.
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Wow, everything on btc38 getting absolutely hammered right now.
I guess thats why BTS down a bunch.
.0365, the 50% fib retracement line, got broken in this selloff. .618 retracement line is at .0320.
Its sad that BTS continues to get no support. I guess no one trust it at all and they just think the 2.0 claims are hot air/vaporware. We really need 2.0 to release ,and be good.
I don't feel like its a lack of support, but more like a lack of opportunity to trade. There are some other hot movers with liquidity where they can try and grow their portfolio until 2.0 comes.
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Okay who here managed to get some of that while it was crazy cheap.
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Also, whoever sold the low (probably not anyone who reads the boards, I'm sure), get rekt!
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same pattern like a couple of days but different direction
all coins traded on BTC38 are sold heavily!
- so, good opportunities to trade something here!
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Okay who here managed to get some of that while it was crazy cheap.
I managed to snag about 100k off the dex at 240.per 1 bitUSD :)
It all went really fast.. then started to bounce back.
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Not sure what u guys are seeing as we keep legging lower. Recently there were a lot of shorts covered on the dex for bitcny. Whoever did this seems to have sold all their freed up collateral plus everything else they owned. It looks like they used btc38 to do the dumping. It looks like 1 person or a small group colluded to set off a big slide while the order book was extra thin. We just lost a whale. Hopefully it was someone in china who maybe had racked up big losses in the Chinese stock market and just needed cash flow to meet a margin call....
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Pump and dumps, only without the pump for bitshares
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Here's the explanation ...
https://bitsharestalk.org/index.php/topic,17584.msg223892.html (https://bitsharestalk.org/index.php/topic,17584.msg223892.html)
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Not sure what u guys are seeing as we keep legging lower. Recently there were a lot of shorts covered on the dex for bitcny. Whoever did this seems to have sold all their freed up collateral plus everything else they owned. It looks like they used btc38 to do the dumping. It looks like 1 person or a small group colluded to set off a big slide while the order book was extra thin. We just lost a whale. Hopefully it was someone in china who maybe had racked up big losses in the Chinese stock market and just needed cash flow to meet a margin call....
who says it has to be stock leverage trading ? There are BTC and LTC too :P
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Damn ... I just woke up :-[
I miss probably the last oportunity to get some more bts very cheap.
I was keeping an eye on the bitshares price to be ready and ...
... I had to sleep, so silly.
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Damn ... I just woke up :-[
I miss probably the last oportunity to get some more bts very cheap.
I was keeping an eye on the Bitshares price to be ready and ...
... I had to sleep, so silly.
@EstefanTT, price is still way down over the last 24 hours, so we still have some great buying opportunities :)
i'm actually trading some Dash for BTS right now, and will prob make another BTC-->BTS order later today...just want to see where this price is heading as the trading day gets started.
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Not sure what u guys are seeing as we keep legging lower. Recently there were a lot of shorts covered on the dex for bitcny. Whoever did this seems to have sold all their freed up collateral plus everything else they owned. It looks like they used btc38 to do the dumping. It looks like 1 person or a small group colluded to set off a big slide while the order book was extra thin. We just lost a whale. Hopefully it was someone in china who maybe had racked up big losses in the Chinese stock market and just needed cash flow to meet a margin call....
I was thinking the same thing. Or maybe the chinese gov't efforts to prop up their stock market have eliminated (temporarily) what would otherwise have been a flow of capital from the overvalued market into other areas, including crypto and BTS and all that money is just waiting for the trade holds to be lifted. (probably wishfull thinking)
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Not sure what u guys are seeing as we keep legging lower. Recently there were a lot of shorts covered on the dex for bitcny. Whoever did this seems to have sold all their freed up collateral plus everything else they owned. It looks like they used btc38 to do the dumping. It looks like 1 person or a small group colluded to set off a big slide while the order book was extra thin. We just lost a whale. Hopefully it was someone in china who maybe had racked up big losses in the Chinese stock market and just needed cash flow to meet a margin call....
I was thinking the same thing. Or maybe the chinese gov't efforts to prop up their stock market have eliminated (temporarily) what would otherwise have been a flow of capital from the overvalued market into other areas, including crypto and BTS and all that money is just waiting for the trade holds to be lifted. (probably wishfull thinking)
i think the only thing we'll ever really know is that the path to widespread crypto adoption will be a bumpy one! we're essentially investors in high-risk, extremely innovative distributed start-ups, so expect our risk (and reward) profiles to be comparable.
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Damn ... I just woke up :-[
I miss probably the last oportunity to get some more bts very cheap.
I was keeping an eye on the Bitshares price to be ready and ...
... I had to sleep, so silly.
@EstefanTT, price is still way down over the last 24 hours, so we still have some great buying opportunities :)
i'm actually trading some Dash for BTS right now, and will prob make another BTC-->BTS order later today...just want to see where this price is heading as the trading day gets started.
It went up to .00001904 but felt back just after and this time ... I wasn't asleep !!!! :D
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
Well, well, well.
By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
Well, well, well.
By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.
would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).
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would you say that Bitshares is still a fully open source project?
Newmine certainly won't say that, or anything positive about Bitshares. He will come up with every possible thing he can think of to try to get you to sell BTS.
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would you say that Bitshares is still a fully open source project?
Newmine certainly won't say that, or anything positive about Bitshares. He will come up with every possible thing he can think of to try to get you to sell BTS.
what say you, @Ander?
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would you say that Bitshares is still a fully open source project?
Newmine certainly won't say that, or anything positive about Bitshares. He will come up with every possible thing he can think of to try to get you to sell BTS.
what say you, @Ander?
I dont think its any more or less centralized than its always been. Bitshares has never been in a state where it could survive losing its dev team. It has always been dependent on Dan and the various people he has hired and recruited to work on the project, because its still just a beta product, and we need something more viable to be able to actually take off among more than the type of tech enthusiasts like us that we have here, who are willing to wade through client issues in order to trade assets.
In the future, a larger, better bitshares will hopefully be more decentralized, with many independent entities using it in various ways, rather than a community sitting around waiting on a dev team to finish the product so they can get something useable that they can actually promote.
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Has anyone stopped to think that maybe we are just in a bottoming process that started in May? Most bottoms are not V bottoms. Most are some sort of W shape. A lot of people are blaming the devs or fundamentals, when it could just be a normal market trading pattern that we are seeing.
Another traders saying, "Bottoms are processes, not points"
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
he is a scam artist. but to give BanxCapital credit, they did purchase a crypto-exchange that they rebranded and is now hosted at banx.io. possibly the one productive thing they have done with investor funds... possibly. So I suppose you can't consider BanxCapital 100% ponzi scheme since at least a small fraction of their investor's money is NOT going toward dividend payments or public relations. And they say they are going to integrate their exchange with BitShares 2.0 which has the potential to bring over some users.
And I also don't think Banx has anything to do with the bitshares sell off.
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Has anyone stopped to think that maybe we are just in a bottoming process that started in May? Most bottoms are not V bottoms. Most are some sort of W shape. A lot of people are blaming the devs or fundamentals, when it could just be a normal market trading pattern that we are seeing.
Another traders saying, "Bottoms are processes, not points"
yes i agree with you
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Has anyone stopped to think that maybe we are just in a bottoming process that started in May? Most bottoms are not V bottoms. Most are some sort of W shape. A lot of people are blaming the devs or fundamentals, when it could just be a normal market trading pattern that we are seeing.
Another traders saying, "Bottoms are processes, not points"
The move from .0198 to .0527 CNY (end of april through may 28) has all the characteristics of the start of a bull market. Volume was high, bullish patterns formed and then resolved themselves, price rose quickly after overcoming breakout points, etc. It happened in three visibly distinct parts just like an elliot wave impulse should, with the middle part being the largest, fitting the expected pattern.
That wave 1 in elliot wave terms is very clear. It doesnt look like a corrective wave in a continued downtrend, it looks like a major bottom.
Everything from the point where we hit .0527 CNY on May 28 has been a correction. (Even when we went briefly higher, to .0532, in CNY terms, though it was not higher in satoshi terms - that barely higher high was the top of wave B of the correction). I suck at counting corrective patterns. They are way too complicated.
This correction, wave 2, has dragged out a long time. It looked for a while like the lows would be around .036 (50% retracement of the move up), hit a couple times, and then we would go up again. The pullback was all on lower volume than the rise. Sadly, when .036 broke yesterday we just had an all out crash down to .028. It still looks like a wave 2 correction, its just a deep correction now, instead of a moderate one. It could indeed go down for a W bottom at .02 and have this all still be correct (wave 2 can retrace up to 100% of wave 1, but not more).
Yeah, its a process. I had hoped it would be a nicer process than this because that first move up was really strong, and we had news events coming. But newmine and all the other haters have managed to make everyone feel shitty about that news and treat it like a negative. (BTS 2.0 news buried under fears about what cryptonomex means for BTS, announcements of customers adopting bitshares turned into threads about how our new customers are scammers, etc).
This community is very long suffering. I really hope we succeed in the end, because people have poured their hearts into the project, and the ideas are amazing. We just need the devs to finally release a good product that the community can run with.
TL;DR version: I also agree with you.
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
Well, well, well.
By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.
would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).
I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.
Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.
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I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.
Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.
what if stakeholders want to go with a fork? we own the entity, right?
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
Well, well, well.
By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.
would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).
I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.
Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.
I guess that is something you don't understand. Worker proposals are specifically for code implementations to enhance BitShares. The BitShares 2.0 chain has been licensed back to the community free. CNX won't be able to do shit to BitShares without the shareholders permission.
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See the problem is that the 3x collateral is based on the feed price. So one can only short so much.
1M BTS can only short like 2.5K BitUSD.
You can add collateral, but you can't remove it. It's really silly.
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https://bitcointalk.org/index.php?topic=813191.880
What's the deal with all these claims?
Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx
Well, well, well.
By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.
would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).
I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.
Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.
I guess that is something you don't understand. Worker proposals are specifically for code implementations to enhance BitShares. The BitShares 2.0 chain has been licensed back to the community free. CNX won't be able to do shit to BitShares without the shareholders permission.
"Proposals".....
Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?
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New Whine...
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"Proposals".....
Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?
Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?
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See the problem is that the 3x collateral is based on the feed price. So one can only short so much.
1M BTS can only short like 2.5K BitUSD.
You can add collateral, but you can't remove it. It's really silly.
This is what people have been complaint about and losing money on for nearly a year. People left this project because they got burned from this and then a 10% hit on top. The Devs were too busy creating Graphene to do many thing about it. And now you all are seeing the effects of that. Nobody wants to buy back in because they got screwed and he project has flip flopped to something completely different, multiple times. If BTS 2.0 comes out and is the next best thing since sliced bitcoin, your market cap will suffer for awhile until it is clearly proven. And even then, these people who left are facing another dilemma, whether they want to invest in something like a ripple/bitreserve project or stick to the decentralized mantra of the cryptocurrency world. Yeah, yeah, yeah, Bitshares is "decentralized" enough you say. Well it's not as blurry a line to all the people who are out there who haven't invested. And joe freaking schmo at bofA ain't gonna trust his money in a project who's ultimate control rests in a father son duo out of Virginia. Especially in a time where scams are the only things that carry weight in any new article beyond the crypto universe.
If you get rid of Cryptonomex ball and chain,Bitshares may be able to convince the billions of dollars in BTC to migrate over because with out that, you got nothing but all of you who are still here.
Just look at the BTS price. BTS did not ride up with BTC when it hit +$300. It actually faded. Then the altcoin pumps, and BTS faded. Then BTC and the Alts reversed, and BTS got hit hard. Hard like it was pumped. This last dump was capitulation and I would bet you see a steady slow down trend. Probably to the $.002 range you predicted last month.
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"Proposals".....
Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?
Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?
How's that BTS price going?
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"Proposals".....
Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?
Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?
How's that BTS price going?
I asked you 4 questions and you answered none.
Price is doing great, at this level I could still sell at 40%-50% profit If I wanted but this will not happen (I bought some at 8-9M marketcap and sold half at 19M marketcap) I will probably buy some more if the price falls a bit more the next 1-2 weeks. I made some nice profits because of your FUDing and probably I will make some more the next few weeks, I don't want you to think that I'm ungratefull. :D
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Has anyone ever considered that "traditional" analysis does not work with BitShares for the simple reason that there was a SHAREDROP not only on investors and traders, but also on "uninformed" people that just had some bucks left and want to exit?
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I think it takes special kind of stupid to sell at these prices. At this point, might as well pretend it's down to 0, but why would anyone sell here it is just funny.
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I think it takes special kind of stupid to sell at these prices. At this point, might as well pretend it's down to 0, but why would anyone sell here it is just funny.
China market crash.. needed all his funds out of crypto to pay rent.
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Has anyone ever considered that "traditional" analysis does not work with BitShares for the simple reason that there was a SHAREDROP not only on investors and traders, but also on "uninformed" people that just had some bucks left and want to exit?
yes i agree...the tools of traditional trading analysis are suspect to begin within the financial world, and i think they hold less predictive power in crypto...at least for now.
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Has anyone ever considered that "traditional" analysis does not work with BitShares for the simple reason that there was a SHAREDROP not only on investors and traders, but also on "uninformed" people that just had some bucks left and want to exit?
BitShares is one of the easier crypto to trade based on traditional investing analysis.
The 90% loss of value & slow decline of BTS once dilution became a reality was very predictable. (BTSX would have been circa $300-400 million today without it imo.)
We know that a lot of bitcoiners and altcoiners think btsx is a "crapcoin" and a ponzi scheme. So why do we really care what they say about us diluting btsx?
Kind of reminds me of the famous five monkeys experiment.
Nobody in those communities is willing to go for the bananas any more
but no one remembers why.
;)
(http://blog2.id.com.au/wp-content/uploads/Monkeys-300x199.jpg)
http://www.answers.com/Q/Did_the_monkey_banana_and_water_spray_experiment_ever_take_place (http://www.answers.com/Q/Did_the_monkey_banana_and_water_spray_experiment_ever_take_place)
Kind of reminds me of the famous goose that laid the golden eggs.
(http://motivatedmormon.com/wp-content/uploads/2014/03/Dont-Kill-the-Goose-2.jpg)
(The date I said we were killing the golden goose was the date of BTSX's BTC high 0.00009234)
The developers then hinted and announced that they'd been writing code and working on BTS 2.0 which includes a lot of great additions.
The market responded correctly and BTS increased in value by 150% from the lows. ($8 million to over $20 million)
Since then the market has had to price in that it could actually still be a while till 2.0 release and that with so many additions there may be quite a few kinks to work out before it's a stable customer friendly version. The market has to price in CNX. The market has to price in Ethereum may start trading soon. While other BTS announcements have been well received by the community, they don't result in any short term increase in the number of BTS users or BitAssets. All the while BTS is releasing millions of BTS per week via the merger and as it is very thinly traded at the moment it's hard to support the price especially with Greece news which drew a lot of speculators into non CNY based crypto-currencies.
Personally I think it's unlikely BTS will go under $10 million prior to the BTS 2.0 release but will spike leading up to and in the first weeks of actual release, where it goes from there depends on how good everything is. But basically limited downside and good upside so a good time to buy BTS now. (Unless Greece/China really implodes in the next few weeks and then you might want to be more in the crypto-currencies that make big moves in response.)
It's also not like competitors are grossly over-valued by comparison. NuShares has just released their Nudroid Mobile wallet and are advertising heavily on CMC and also supposedly have more dollar stable product in circulation in the form of NuBits and are valued at 14% of BTS which seems fair. (I've never owned or looked into NuShares very much personally other than to see that NuBits are obviously very ponzi-ish.)
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Since then the market has had to price in that it could actually still be a
while till 2.0 release and that with so many additions there may be quite a few
kinks to work out before it's a stable customer friendly version. The market
has to price in CNX. The market has to price in Ethereum may start trading
soon. While other BTS announcements have been well received by the community,
they don't result in any short term increase in the number of BTS users
or BitAssets. All the while BTS is releasing millions of BTS per week
via the merger and as it is very thinly traded at the moment it's hard
to support the price especially with Greece news which drew a lot of
speculators into non CNY based crypto-currencies.
Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
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Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
I think I'll have to listen to the recording of that hangout! Was there any more details, or was it a subtle comment on which BM refused to expand?
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I think I'll have to listen to the recording of that hangout! Was there any more details, or was it a subtle comment on which BM refused to expand?
He just stated that there might be a partnership with an actual bank and didn't want to go into details ..
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Since then the market has had to price in that it could actually still be a
while till 2.0 release and that with so many additions there may be quite a few
kinks to work out before it's a stable customer friendly version. The market
has to price in CNX. The market has to price in Ethereum may start trading
soon. While other BTS announcements have been well received by the community,
they don't result in any short term increase in the number of BTS users
or BitAssets. All the while BTS is releasing millions of BTS per week
via the merger and as it is very thinly traded at the moment it's hard
to support the price especially with Greece news which drew a lot of
speculators into non CNY based crypto-currencies.
Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
+5% Cool. My personal opinion is that as we've seen in the past, being 'very interested' isn't the same as making some form of commitment. Also the market would have to figure out if a bank being interested in CNX and Graphene is necessarily great for BitShares.
(For example the bank may offer CNX tons of money for further developments that they don't want released to BTS or made public for a while. This may make our developers unaffordable and unavailable to BTS and reduce BTS related development.)
BTS developers would certainly deserve the success though.
What is your best guess on when BTS 2.0 will be released?
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I think I'll have to listen to the recording of that hangout! Was there any more details, or was it a subtle comment on which BM refused to expand?
He just stated that there might be a partnership with an actual bank and didn't want to go into details ..
although, the big question was [understandably] avoided: is this in reference to a bank's interest in somehow using Bitshares, or in hiring CNX for work? huge difference...
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Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
Did you miss the part where after Newmine gets ahold of it, he will still find a way to make Bitshares look back and get people to sell, so the price will just drop more?
:P
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Headline for Newmine's next post:
Bitshares devs to abandon Bitshares, work to make blockchain for some bank.
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Headline Newmine's next post:
Bitshares devs to abondon Bitshares, work to make blockchain for some bank.
LOLOL +5%
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He just stated that there might be a partnership with an actual bank and didn't want to go into details ..
Great news. I will have to hear the record when it is released.
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Headline for Newmine's next post:
Bitshares devs to abandon Bitshares, work to make blockchain for some bank.
is @Newmine buying BTS after making these kinds of statements?
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He just stated that there might be a partnership with an actual bank and didn't want to go into details ..
Great news. I will have to hear the record when it is released.
For the record, Bytemaster did this before when he spoke about partnering with Maidsafe... Ethereum.... is this another case of that remains to be seen. Its a nice hint, but don't get too excited.
Others that could be added to that list: maybe Overstock? Adam B Levine? Toast coming back into the fold? These are things that were potentials that fell through.
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Others that could be added to that list: maybe Overstock? Adam B Levine? Toast coming back into the fold? These are things that were potentials that fell through.
There was totally a rumor about Overstock partnering with Bitshares. Then Patrick Byrne announced the counterparty partnership, and that was the top for the Bitshares price in october.
(Of course, counterparty got screwed in the end. But they did get a price pump for a while).
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Others that could be added to that list: maybe Overstock? Adam B Levine? Toast coming back into the fold? These are things that were potentials that fell through.
There was totally a rumor about Overstock partnering with Bitshares. Then Patrick Byrne announced the counterparty partnership, and that was the top for the Bitshares price in october.
(Of course, counterparty got screwed in the end. But they did get a price pump for a while).
Okay. I just put it there because people got overly optimistic when they heard BM had met with Overstock. Doesn't change the real issue which is we parterships were not formed with Maidsafe/Ethereum. I don't know what stage they were at, probably just talking over emails or by the booth.
Coinbase is another one which BM fired off as being interested. We still have yet to see that come to fruition.
At this stage its easier to BM to make suggestions of things (which may very well be in the works) than to come to a meeting to say nothing at all and have rabid investors calling for change. Implying things, especially when given as a trickle of news, are a good way to delay release dates. Now a delayed release is probably best for bitshares 2.0 since it cultivates the best product release. All I'm just saying, look at what's being said, and how that may play into the overall strategy.
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As long as there's no official announcement regarding any partnership with a bank I wouldn't count too much on it. It's nice to hint at discussions with an interested potential banking partner, just to keep us on our toes, but I won't get too excited before it's official. There's way to many things that can go wrong in these kind of discussions. But those discussions happening is a good sign nonetheless!
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He just stated that there might be a partnership with an actual bank and didn't want to go into details ..
Great news. I will have to hear the record when it is released.
For the record, Bytemaster did this before when he spoke about partnering with Maidsafe... Ethereum.... is this another case of that remains to be seen. Its a nice hint, but don't get too excited.
Others that could be added to that list: maybe Overstock? Adam B Levine? Toast coming back into the fold? These are things that were potentials that fell through.
I dont see why Overstock wouldnt be interested now. They seem to like crypto and counterparty fell through.
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I dont see why Overstock wouldnt be interested now. They seem to like crypto and counterparty fell through.
i'm sure Overstock isn't yet interested, but with a successful 2.0 adoption the sky's the limit. seriously, Overstock has lost something like $100k+ in holding BTC; holding bitUSD they would have preserved the purchasing power of their crypto. firms like Overstock aren't into crypto for speculation on price, so our products would be ideal for them once we've proven we can create viable and liquid markets.
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Overstock has lost something like $100k+ in holding BTC; holding bitUSD they would have preserved the purchasing power
ahh yes, the old "I told you so"
It's all in the delivery
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Since then the market has had to price in that it could actually still be a
while till 2.0 release and that with so many additions there may be quite a few
kinks to work out before it's a stable customer friendly version. The market
has to price in CNX. The market has to price in Ethereum may start trading
soon. While other BTS announcements have been well received by the community,
they don't result in any short term increase in the number of BTS users
or BitAssets. All the while BTS is releasing millions of BTS per week
via the merger and as it is very thinly traded at the moment it's hard
to support the price especially with Greece news which drew a lot of
speculators into non CNY based crypto-currencies.
Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
waiting
-
Since then the market has had to price in that it could actually still be a
while till 2.0 release and that with so many additions there may be quite a few
kinks to work out before it's a stable customer friendly version. The market
has to price in CNX. The market has to price in Ethereum may start trading
soon. While other BTS announcements have been well received by the community,
they don't result in any short term increase in the number of BTS users
or BitAssets. All the while BTS is releasing millions of BTS per week
via the merger and as it is very thinly traded at the moment it's hard
to support the price especially with Greece news which drew a lot of
speculators into non CNY based crypto-currencies.
Have you included the newest information BM revealed in todays Hangout about an
actual BANK being very interested in CNX, the graphene tech and or BitShares
itself?!
It seems some more exciting news are going to be announced :D
waiting
If you are still waiting on the recording you might have better luck over on the beyondbitcoin.org website.
On the hint that a bank might have shown interest, yeah I don't see how you could speculate on that. That might just be a bank interested in hiring/licensing a custom completely personal solution with no relation whatsoever to bitshares and it's stakeholders. Similar to solutions that Overstock wants to "own". Traditional corporations might have shares, but they sure as hell are repulsed by sharing.
As for the price decline, that's because of the Osborne Effect.
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I dont see why Overstock wouldnt be interested now. They seem to like crypto and counterparty fell through.
i'm sure Overstock isn't yet interested, but with a successful 2.0 adoption the sky's the limit. seriously, Overstock has lost something like $100k+ in holding BTC; holding bitUSD they would have preserved the purchasing power of their crypto. firms like Overstock aren't into crypto for speculation on price, so our products would be ideal for them once we've proven we can create viable and liquid markets.
We could get in touch with them *now*, and inform them about what's to come.
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We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
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We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
-
We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
There are literally thousand of profitable traders , both long term and short term, that use nothing but technical analysis. Most people who say technical analysis doesn't work have either never tried it or blew up their account because they lacked discipline. Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time, but if you ride your winners and cut your losers short you stand a great chance to make a lot of money.
-
We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
There are literally thousand of profitable traders , both long term and short term, that use nothing but technical analysis. Most people who say technical analysis doesn't work have either never tried it or blew up their account because they lacked discipline. Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time, but if you ride your winners and cut your losers short you stand a great chance to make a lot of money.
there being a set of people profiting on technical analysis for some period of time doesn't prove it works; we'd need more evidence to prove it's not in the noise of randomness or luck, and so far that evidence doesn't exist. TA strategies do not have a documented record of producing alpha, so use them at your own risk.
however, i do appreciate the risk management techniques ...
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We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
There are literally thousand of profitable traders , both long term and short term, that use nothing but technical analysis. Most people who say technical analysis doesn't work have either never tried it or blew up their account because they lacked discipline. Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time, but if you ride your winners and cut your losers short you stand a great chance to make a lot of money.
there being a set of people profiting on technical analysis for some period of time doesn't prove it works; we'd need more evidence to prove it's not in the noise of randomness or luck, and so far that evidence doesn't exist. TA strategies do not have a documented record of producing alpha, so use them at your own risk.
I suggest you research any of the following people: Chris Capre,, dale Pinkert, Kathy lien, rob booker, Scott Redler , Boris Shlosberg, Alan Farley, Helene Meisler, and Tom Obrien.
All these people have made CAREERS out of TA. You said your in college. If your basing your opinion on something you heard from an Econ professor, you need to reevaluate. What these people have done is proof that TA works and most of these people have audited trading records.
Nothing in life is 100% proveable, and their is no "holy grail" system out there. There is only risk management and an edge that lets you exploit the small market inefficiencies that appear every day.
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I suggest you research any of the following people: Chris Capre,, dale Pinkert, Kathy lien, rob booker, Scott Redler , Boris Shlosberg, Alan Farley, Helene Meisler, and Tom Obrien.
All these people have made CAREERS out of TA. You said your in college. If your basing your opinion on something you heard from an Econ professor, you need to reevaluate. What these people have done is proof that TA works and most of these people have audited trading records.
Nothing in life is 100% proveable, and their is no "holy grail" system out there. There is only risk management and an edge that lets you exploit the small market inefficiencies that appear every day.
there are actually scientific methods to prove something and that's what Finance is all about. don't let me being a student give you a sense of superiority; i'm going back for my PhD later in my career, so most of my life hasn't been spent in academia. however, my background is irrelevant for arguing a point. just look at a random walk generated price chart and there's no way you'll be able to differentiate it from a stock chart. you can draw out all the TA techniques you'll like on that random walk chart, but it wouldn't change the fact that there are no hidden mechanisms to exploit, just randomness.
for all the persistently successful TA traders there are likely many more who failed. if you took a large population and set them to trading you'll find some subset every period who were successful. advance another period and there'd be some subset of that subset who were successful. repeat for n periods and you're still going to naturally find a smaller subset of successful traders. at the end it'll look like the remaining few are gifted, but no matter how you slice it you would have had a small set of winners at the end of any random process.
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We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
There are literally thousand of profitable traders , both long term and short term, that use nothing but technical analysis. Most people who say technical analysis doesn't work have either never tried it or blew up their account because they lacked discipline. Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time, but if you ride your winners and cut your losers short you stand a great chance to make a lot of money.
there being a set of people profiting on technical analysis for some period of time doesn't prove it works; we'd need more evidence to prove it's not in the noise of randomness or luck, and so far that evidence doesn't exist. TA strategies do not have a documented record of producing alpha, so use them at your own risk.
Saying technical analysis is equivalent to noise, randomness or luck, is about like saying price and volume means nothing. TA is an enormous field and is a great deal more than just support and resistance, whole numbers and Japanese candlesticks etc. Any one indicator is prone to false signals, taken in sum though provides a statistical advantage. Even if the advantage is purely because of a self fulfilling nature it shows that it does indeed hold some value and is not random.
The price of something over time and how much of it is being traded is of undeniable value and reflects a great deal on how the world perceives what is being traded. This information is purely technical, it would not be necessary to even know *what was being traded. You could deduce the publics sentiment simply by looking at these 2 things, price and volume. This is the root of TA. It goes a great deal beyond this of course, with all sorts of wonky indicators, most of which are not worth the trouble and are in general not very reliable, especially on their own.
Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time
This can't be overstated. Discipline is by far the most important aspect of successful trading, and is the hardest trait to master. Without it you are almost certainly guaranteed to eventually lose your shirt.
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I suggest you research any of the following people: Chris Capre,, dale Pinkert, Kathy lien, rob booker, Scott Redler , Boris Shlosberg, Alan Farley, Helene Meisler, and Tom Obrien.
All these people have made CAREERS out of TA. You said your in college. If your basing your opinion on something you heard from an Econ professor, you need to reevaluate. What these people have done is proof that TA works and most of these people have audited trading records.
Nothing in life is 100% proveable, and their is no "holy grail" system out there. There is only risk management and an edge that lets you exploit the small market inefficiencies that appear every day.
there are actually scientific methods to prove something and that's what Finance is all about. don't let me being a student give you a sense of superiority; i'm going back for my PhD later in my career, so most of my life hasn't been spent in academia. however, my background is irrelevant for arguing a point. just look at a random walk generated price chart and there's no way you'll be able to differentiate it from a stock chart. you can draw out all the TA techniques you'll like on that random walk chart, but it wouldn't change the fact that there are no hidden mechanisms to exploit, just randomness.
for all the persistently successful TA traders there are likely many more who failed. if you took a large population and set them to trading you'll find some subset every period who were successful. advance another period and there'd be some subset of that subset who were successful. repeat for n periods and you're still going to naturally find a smaller subset of successful traders. at the end it'll look like the remaining few are gifted, but no matter how you slice it you would have had a small set of winners at the end of any random process.
banks and hedge funds employ traders that use nothing but technical analysis. Some bank trading departments Lose money 1 or 2 days out of the entire year. I don't know how much more evidence you need to see that TA does work.
The only certainty in life is death, and of course there are going to be people who are not successful. That is the case with every profession. Maybe our ideas of TA are different, but price movements are based on human emotions of fear and greed. There has been vast amount of research done using Fibonacci and its ability to predict price movements. Elliot wave is another concept that has been used to accurately predict future prices. The key is to use these techniques along with risk management to be profitable.
Let's say I think stock xyz is going to hold $10 support level. I would set a buy order at $10 with a stop loss at 9 dollars and a take profit at 12-13 dollars. I would risk 1% of my account on this trade. If I'm wrong I lose 1%, if I'm right I make 2-3%. I only have to be right somewhere around 40% of the time in order to make money. I would have to be wrong something like 300 times straight in order to blow up my account.
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there are actually scientific methods to prove something and that's what Finance is all about. don't let me being a student give you a sense of superiority; i'm going back for my PhD later in my career, so most of my life hasn't been spent in academia. however, my background is irrelevant for arguing a point. just look at a random walk generated price chart and there's no way you'll be able to differentiate it from a stock chart. you can draw out all the TA techniques you'll like on that random walk chart, but it wouldn't change the fact that there are no hidden mechanisms to exploit, just randomness.
for all the persistently successful TA traders there are likely many more who failed. if you took a large population and set them to trading you'll find some subset every period who were successful. advance another period and there'd be some subset of that subset who were successful. repeat for n periods and you're still going to naturally find a smaller subset of successful traders. at the end it'll look like the remaining few are gifted, but no matter how you slice it you would have had a small set of winners at the end of any random process.
Your walking chart example is not really relevant. Markets are not random. Price and volume are not random. You'd be a fool to try and trade something knowing it was not based on anything but a RNG. TA applies to real, human traded value based instruments.
Actually TA would probably still apply to this Random walk scenario. You'd see that its volume was very poor, like a penny stock, and therefore there would be no reliable way to apply TA. The edge you get from TA is very small, so ideally you'd be trading things with massive trading volume that would not be subject to random interests, blown by the wind.
A good TA trader is also not stuck in a vacuum. Its important to follow some basic news. For example if you know that some event like quarterly earnings reports or FOMC minutes are being release, these events are a spike in randomness and TA goes out the window. Its best not to trade these events from a purely TA perspective. but with proper risk management they are not such a big deal either, and will even out over the long term.
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After my studies of psychology and a lot of different jobs I eventually end up winning my life as a professional poker player for several years now.
In that field, bankroll managment and a good mindset are the very basics. Then, you work (every day) on your strategies and deep understanding of the mathematics and statistics behind the game.
There is a lot of similarities with trading. At the end of the day, it's a "game" of incomplete information. You gater the maximum info you can get (player style, tracker, statistics, ... graph candle, support, wave, indicadors, ...) then, you take the better decision you can. As long as your decision has a positive expected value ON THE LONG TERM, you are good. The fact that you loose or win one hand (or one trade) doesn't matter because you'll never be able to take good decision 100%. It's just the very result of taking decision with an 50% < X% < 100% chance of beeing right.
I'm reading a book about TA. It seemed like a reference in the domain. I'm not sure where to focus my learning after that book.
Anyone here can offer me some suggestions.
Books, trading platform, bots, ... (in english, french or spanish) I mainely interrested in crypto trading. Even if it's trading USD on some amazing industrial-grade financial smart contract platform :o
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banks and hedge funds employ traders that use nothing but technical analysis. Some bank trading departments Lose money 1 or 2 days out of the entire year. I don't know how much more evidence you need to see that TA does work.
The only certainty in life is death, and of course there are going to be people who are not successful. That is the case with every profession. Maybe our ideas of TA are different, but price movements are based on human emotions of fear and greed. There has been vast amount of research done using Fibonacci and its ability to predict price movements. Elliot wave is another concept that has been used to accurately predict future prices. The key is to use these techniques along with risk management to be profitable.
Let's say I think stock xyz is going to hold $10 support level. I would set a buy order at $10 with a stop loss at 9 dollars and a take profit at 12-13 dollars. I would risk 1% of my account on this trade. If I'm wrong I lose 1%, if I'm right I make 2-3%. I only have to be right somewhere around 40% of the time in order to make money. I would have to be wrong something like 300 times straight in order to blow up my account.
fair enough, i haven't studied TA enough to really weigh in one way or another, other than the basics i've presented about there being insufficient evidence to suggest alpha. i've only read a few TA books over a decade ago and seen a tiny bit of asset pricing theory reference to the subject...certainly not enough to be adamant against it, just skeptical.
real people putting their money where their mouth is, like you said with hedge funds and IBs employing TA traders, suggests there might be something there, so i'm not completely ruling it out.
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there are actually scientific methods to prove something and that's what Finance is all about. don't let me being a student give you a sense of superiority; i'm going back for my PhD later in my career, so most of my life hasn't been spent in academia. however, my background is irrelevant for arguing a point. just look at a random walk generated price chart and there's no way you'll be able to differentiate it from a stock chart. you can draw out all the TA techniques you'll like on that random walk chart, but it wouldn't change the fact that there are no hidden mechanisms to exploit, just randomness.
for all the persistently successful TA traders there are likely many more who failed. if you took a large population and set them to trading you'll find some subset every period who were successful. advance another period and there'd be some subset of that subset who were successful. repeat for n periods and you're still going to naturally find a smaller subset of successful traders. at the end it'll look like the remaining few are gifted, but no matter how you slice it you would have had a small set of winners at the end of any random process.
Your walking chart example is not really relevant. Markets are not random. Price and volume are not random. You'd be a fool to try and trade something knowing it was not based on anything but a RNG. TA applies to real, human traded value based instruments.
Actually TA would probably still apply to this Random walk scenario. You'd see that its volume was very poor, like a penny stock, and therefore there would be no reliable way to apply TA. The edge you get from TA is very small, so ideally you'd be trading things with massive trading volume that would not be subject to random interests, blown by the wind.
A good TA trader is also not stuck in a vacuum. Its important to follow some basic news. For example if you know that some event like quarterly earnings reports or FOMC minutes are being release, these events are a spike in randomness and TA goes out the window. Its best not to trade these events from a purely TA perspective. but with proper risk management they are not such a big deal either, and will even out over the long term.
hey maybe there is something there wrt signaling and taking advantage of those signals. there's nothing in asset pricing theory, at least, that suggests TA has merit, but there's a lot we don't understand about the world yet. i just wanted to advise caution is all as there are plenty of charlatans out there selling trading strategies that don't hold up to the promises they make.
of course stock prices aren't products of RNGs, i just brought that example up to show that people often find patterns in noise bc our brains are wired to pick out patterns.
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If enough people believe in TA then the more likely it will look right. The more money chasing an outcome can make that outcome come true. It like being in crowd, the more people push in one direction the more likely everyone will move that direction. Plus you have a 1 in 360 chance of being right anyway. (360 degree in circle).
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there are actually scientific methods to prove something and that's what Finance is all about. don't let me being a student give you a sense of superiority; i'm going back for my PhD later in my career, so most of my life hasn't been spent in academia. however, my background is irrelevant for arguing a point. just look at a random walk generated price chart and there's no way you'll be able to differentiate it from a stock chart. you can draw out all the TA techniques you'll like on that random walk chart, but it wouldn't change the fact that there are no hidden mechanisms to exploit, just randomness.
for all the persistently successful TA traders there are likely many more who failed. if you took a large population and set them to trading you'll find some subset every period who were successful. advance another period and there'd be some subset of that subset who were successful. repeat for n periods and you're still going to naturally find a smaller subset of successful traders. at the end it'll look like the remaining few are gifted, but no matter how you slice it you would have had a small set of winners at the end of any random process.
Your walking chart example is not really relevant. Markets are not random. Price and volume are not random. You'd be a fool to try and trade something knowing it was not based on anything but a RNG. TA applies to real, human traded value based instruments.
Actually TA would probably still apply to this Random walk scenario. You'd see that its volume was very poor, like a penny stock, and therefore there would be no reliable way to apply TA. The edge you get from TA is very small, so ideally you'd be trading things with massive trading volume that would not be subject to random interests, blown by the wind.
A good TA trader is also not stuck in a vacuum. Its important to follow some basic news. For example if you know that some event like quarterly earnings reports or FOMC minutes are being release, these events are a spike in randomness and TA goes out the window. Its best not to trade these events from a purely TA perspective. but with proper risk management they are not such a big deal either, and will even out over the long term.
hey maybe there is something there wrt signaling and taking advantage of those signals. there's nothing in asset pricing theory, at least, that suggests TA has merit, but there's a lot we don't understand about the world yet. i just wanted to advise caution is all as there are plenty of charlatans out there selling trading strategies that don't hold up to the promises they make.
of course stock prices aren't products of RNGs, i just brought that example up to show that people often find patterns in noise bc our brains are wired to pick out patterns.
Absolutely, and caution is well advised. : ) Anyone looking to actually make a career out of trading should expect to lose their ass at least a couple times before the importance of risk management sinks in. No amount of reading/studying can prepare you for the emotional turmoil of both a losing and winning trade. Time in the seat is the best education you can get, and even with that, most are simply not cut out for it. You'll be certain of which you are after some time, if you still have any money left. trading(specifically day trading) is not about hitting home runs, its not even about getting on base. Its about following a highly disciplined art of making contact with the ball at least 51% of the time.
Like you suggest, your brain is wired to sabotage you every step of the way, and it won't ever stop trying to find patterns and giving gut feelings etc. If you can't separate your emotional dreaming from a clear rigorously defined method... you will likely fail.
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Headline for Newmine's next post:
Bitshares devs to abandon Bitshares, work to make blockchain for some bank.
Dare me?
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Like you suggest, your brain is wired to sabotage you every step of the way, and it won't ever stop trying to find patterns and giving gut feelings etc. If you can't separate your emotional dreaming from a clear rigorously defined method... you will likely fail.
well said +5%
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If enough people believe in TA then the more likely it will look right. The more money chasing an outcome can make that outcome come true. It like being in crowd, the more people push in one direction the more likely everyone will move that direction. Plus you have a 1 in 360 chance of being right anyway. (360 degree in circle).
yeah maybe there is some element of self-fulfilling prophecy with trading...that's at least true of the momentum effect, a proven return factor at least in the short-intermediate term.
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Headline for Newmine's next post:
Bitshares devs to abandon Bitshares, work to make blockchain for some bank.
Dare me?
lol please do, i'll be waiting to pick up some BTS on the dump :)
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Headline for Newmine's next post:
Bitshares devs to abandon Bitshares, work to make blockchain for some bank.
Dare me?
lol please do, i'll be waiting to pick up some BTS on the dump :)
I don't think weak hands can survive these depths, but I don't mind if Newmine tries to find a few. ;)
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Im certain anyone talking smack has already dumped. Its phsycology. He just comes on hoping he didnt make bad decision howver since he sold as 0.02 hes already crying.
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(http://i.imgur.com/pgzUAPW.jpg)
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We hit for the second times the new support at .00001727. This time with lower volumes the price went up so I guess there less seller pressure and we are about to see the price go up ?
Maybe it will go up and hit a the former support at .00002. Then we'll see if it can brake it with enough volume ...
I'm reading my very first book of charts technical analysis, I love it ! Any opinion on noob TA ?
i'm not a fan of TA as it's never proven actual predictive power. as far as we know, prices in the short run follow something close to a random walk ...if you ever generate a price chart from a random walk process you'll see that it'll look just like any stock or asset price movement; there'll be things that look like resistance levels, trends, trend breakouts, etc. but the fact that we created the charts from random walks should show that our human minds all too often find meaning in the meaningless :)
There are literally thousand of profitable traders , both long term and short term, that use nothing but technical analysis. Most people who say technical analysis doesn't work have either never tried it or blew up their account because they lacked discipline. Technical analysis is 20% system and 80% risk management. Nothing predicts market movements 100% of the time, but if you ride your winners and cut your losers short you stand a great chance to make a lot of money.
there being a set of people profiting on technical analysis for some period of time doesn't prove it works; we'd need more evidence to prove it's not in the noise of randomness or luck, and so far that evidence doesn't exist. TA strategies do not have a documented record of producing alpha, so use them at your own risk.
however, i do appreciate the risk management techniques ...
Do you consider trends as part of technical analysis?
I would say there is proof that prices trend and it's pretty obvious why, because for one, new information isn't absorbed/known to all market participants at once and takes a while to be assimilated.
https://books.google.co.uk/books?id=NwFw3p0pXtIC&pg=PA104&lpg=PA104&dq=richard+fARLEIGH+TREND+IS+YOUR+FRIEND&source=bl&ots=4sKTR_mRcu&sig=V3hPkQVubFzzVJzQ3J7wjHyWT74&hl=en&sa=X&ved=0CEwQ6AEwB2oVChMIr5elu6DnxgIVBccUCh1Q_gV1#v=onepage&q=richard%20fARLEIGH%20TREND%20IS%20YOUR%20FRIEND&f=false
Personally I prefer understanding and interpreting the information that makes prices move.
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this week 1650-1700k
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Do you consider trends as part of technical analysis?
I would say there is proof that prices trend and it's pretty obvious why, because for one, new information isn't absorbed/known to all market participants at once and takes a while to be assimilated.
https://books.google.co.uk/books?id=NwFw3p0pXtIC&pg=PA104&lpg=PA104&dq=richard+fARLEIGH+TREND+IS+YOUR+FRIEND&source=bl&ots=4sKTR_mRcu&sig=V3hPkQVubFzzVJzQ3J7wjHyWT74&hl=en&sa=X&ved=0CEwQ6AEwB2oVChMIr5elu6DnxgIVBccUCh1Q_gV1#v=onepage&q=richard%20fARLEIGH%20TREND%20IS%20YOUR%20FRIEND&f=false
Personally I prefer understanding and interpreting the information that makes prices move.
i also very much enjoy understanding prices, which is why i've been focusing on asset pricing so far. yes, trends do contain information and seem to affect prices as documented in Jagadeesh and Titman's 'momentum effect' ...there are some excellent papers proving it has existed in historical data and is now incorporated as a pricing factor in risk adjustment models. i'm not sure how momentum factor relates to TA, but that would be an interesting study.
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(http://i.imgur.com/pgzUAPW.jpg)
LOL double down!
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Finally we get a decent "pump" while all other top 10 cryptos are roughly stable 8)
Let's hope it keeps on going!
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Finally we get a decent "pump" while all other top 10 cryptos are roughly stable 8)
Let's hope it keeps on going!
wonder if this is the Keiser pump?
http://www.maxkeiser.com/2015/07/bitshares-nyse/
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Finally we get a decent "pump" while all other top 10 cryptos are roughly stable 8)
Let's hope it keeps on going!
wonder if this is the Keiser pump?
http://www.maxkeiser.com/2015/07/bitshares-nyse/
Yes I would say it's largely due to the Keiser article. Yesterday nearly everyone else was red and BTS was green.
In my mind it also increases the possibility Max himself may look into BTS more, BTS 2.0 is right up his street and also that he might consider an interview with say Max Wright and Daniel on the Keiser report, post BTS 2.0 release. Which prior to this I would have said was extremely unlikely.
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Finally we get a decent "pump" while all other top 10 cryptos are roughly stable 8)
Let's hope it keeps on going!
wonder if this is the Keiser pump?
http://www.maxkeiser.com/2015/07/bitshares-nyse/
Yes I would say it's largely due to the Keiser article. Yesterday nearly everyone else was red and BTS was green.
In my mind it also increases the possibility Max himself may look into BTS more, BTS 2.0 is right up his street and also that he might consider an interview with say Max Wright and Daniel on the Keiser report, post BTS 2.0 release. Which prior to this I would have said was extremely unlikely.
that'd be great for us to have continued publicity, his investment, and capital flow from his viewers who get sold on us...
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Finally we get a decent "pump" while all other top 10 cryptos are roughly stable 8)
Let's hope it keeps on going!
wonder if this is the Keiser pump?
http://www.maxkeiser.com/2015/07/bitshares-nyse/
Yes I would say it's largely due to the Keiser article. Yesterday nearly everyone else was red and BTS was green.
In my mind it also increases the possibility Max himself may look into BTS more, BTS 2.0 is right up his street and also that he might consider an interview with say Max Wright and Daniel on the Keiser report, post BTS 2.0 release. Which prior to this I would have said was extremely unlikely.
that'd be great for us to have continued publicity, his investment, and capital flow from his viewers who get sold on us...
Of course it looks like we'll have to contend with the Ethereum effect pretty soon...
http://cointelegraph.com/news/114898/ethereum-prepares-for-take-off
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Of course it looks like we'll have to contend with the Ethereum effect pretty soon...
IMHO ethereum is overhyped .. If I had participated in the pre-sale, I'd try to get rid of my ETH as soon as they are traded with some liquidity .. (not an divestment advice)
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Of course it looks like we'll have to contend with the Ethereum effect pretty soon...
IMHO ethereum is overhyped .. If I had participated in the pre-sale, I'd try to get rid of my ETH as soon as they are traded with some liquidity .. (not an divestment advice)
I didn't participate in the pre-sale either. (As I felt it was a POW play.) Bitcoin was circa $500 at the time, and the whole crypto-market has declined since, so it will be interesting to see where the market values it.
It could ultimately work in BTS's favour if Ethereum gets a high valuation.
As if it will draw renewed attention to smart currency platforms & if BTS 2.0 is released in a timely manner and outperforms it in a lot of areas, it will be hard for us not to be revalued higher too.
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As if it will draw renewed attention to smart currency platforms & if BTS 2.0 is released in a timely manner and outperforms it in a lot of areas, it will be hard for us not to be revalued higher too.
Issue is: We need to tell people once our platform seems to perform better.
Wouldn't it make sense to draft a press release in which we carefully state your advantages over ethereum while congratulating them for their genesis? Would that be interpreted as "bad blood"?
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As if it will draw renewed attention to smart currency platforms & if BTS 2.0 is released in a timely manner and outperforms it in a lot of areas, it will be hard for us not to be revalued higher too.
Issue is: We need to tell people once our platform seems to perform better.
Wouldn't it make sense to draft a press release in which we carefully state your advantages over ethereum while congratulating them for their genesis? Would that be interpreted as "bad blood"?
a high functioning 2.0 system will naturally attract serious capital; nonetheless, a little healthy competition with Ethereum couldn't hurt :)
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Wouldn't it be cool to show in in Google Searched next to Ethereum when people search for "Ethereum slow" :D
Kidding ... let's try grow a healthy ecosystem. There is enough jobs to be decentralized for both of our chains and I welcome Ethereum and their totally different and academical approach!!
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From the Ethereum offspring only EtherEx looks like our direct competitor
https://etherex.org/faq (https://etherex.org/faq)
You can play with their demo here:
http://etherex.github.io/etherex/#/ (http://etherex.github.io/etherex/#/)
but don't expect too much, it's a very simple GUI.
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From the Ethereum offspring only EtherEx looks like our direct competitor
https://etherex.org/faq (https://etherex.org/faq)
You can play with their demo here:
http://etherex.github.io/etherex/#/ (http://etherex.github.io/etherex/#/)
but don't expect too much, it's a very simple GUI.
the healthiest way to look at competition is as a way to learn about our own weaknesses, improve them, and adopt anything we think has value from what the other guys are doing.
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Wow, Gold got destroyed today, and mining stocks got it even worse. The top several mining companies lost a combined market cap greater than every crypto combined.
This doesnt surprise me. Ever since the mining indexes broke the neckline of a big head and shoulders formaiton a couple weeks ago they've been in freefall.
I think a bunch of these companies are going to go under (the smaller ones with worse financials) before Gold recovers back to prices they can make money on.
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Wow, Gold got destroyed today, and mining stocks got it even worse. The top several mining companies lost a combined market cap greater than every crypto combined.
This doesnt surprise me. Ever since the mining indexes broke the neckline of a big head and shoulders formaiton a couple weeks ago they've been in freefall.
I think a bunch of these companies are going to go under (the smaller ones with worse financials) before Gold recovers back to prices they can make money on.
yeah i agree, sucks to see this kind of route in the industry, but also makes me salivate on throwing some more capital into picking up the scraps.
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I wouldnt buy gold stocks right now, most of them are in debt and losing money, and the chart looks to me like they will go a lot lower. Bitcoin/cryptocurrencies replaced gold, imo. During the greece crisis gold just kept going down, while bitcoin rose, and the media was talking about bitcoin as the store of value.
http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20
"Do you remember Gold, it was sort of an analog bitcoin". :)
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"Do you remember Gold, it was sort of an analog bitcoin". :)
+5%
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I wouldnt buy gold stocks right now, most of them are in debt and losing money, and the chart looks to me like they will go a lot lower. Bitcoin/cryptocurrencies replaced gold, imo. During the greece crisis gold just kept going down, while bitcoin rose, and the media was talking about bitcoin as the store of value.
http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20
"Do you remember Gold, it was sort of an analog bitcoin". :)
lol nice... gold as an analog to bitcoin +5%
yeah if i were a trader i would not be buying gold or mining stocks right now, but i'm loading up for a long term horizon using big dips as buying opportunities and spreading risks to the entire sector instead of specific stocks. that's just with some discretionary cash i keep in my portfolio. when i do my overall rebalancing i'll inevitably sell some winners and buy more gold and mining stocks since those have been persistent losers.
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http://www.zerohedge.com/news/2015-07-20/what-happened-last-time-mainstream-media-slammed-gold (http://www.zerohedge.com/news/2015-07-20/what-happened-last-time-mainstream-media-slammed-gold)
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I wouldnt buy gold stocks right now, most of them are in debt and losing money, and the chart looks to me like they will go a lot lower. Bitcoin/cryptocurrencies replaced gold, imo. During the greece crisis gold just kept going down, while bitcoin rose, and the media was talking about bitcoin as the store of value.
http://www.marketwatch.com/story/why-gold-is-falling-and-wont-get-up-again-2015-07-20
"Do you remember Gold, it was sort of an analog bitcoin". :)
The gold and silver markets are cornered by large players who control the paper price.
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260
The recent rout was likely a Western response to China announcing an increase of 50% of their gold holdings in a single month.
http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009
China has actually accumulated a MUCH larger position, the West's only counter-response is to depress the paper price and talk down gold in the MSM, but you'll still see the physical PM market respond to situations like Greece, most notably in shortages and higher premiums.
Torgny Persson, CEO of BullionStar, noted
Precious metals demand in the last week leading up to the Greek referendum has been about 150 % higher than normal both in terms of order quantity and order volume…Based on my conversations with the western world’s leading refineries and precious metals wholesalers, they have experienced similar increases in the last week.”
However, a surging gold price is the last thing that anybody who’s concerned with maintaining the veneer of financial stability wants to see.
http://www.zerohedge.com/news/2015-07-14/gold-and-silver-stand-selling-paper-gold-and-silver-finally-ending
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The recent rout was likely a Western response to China announcing an increase of 50% of their gold holdings in a single month.
http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009
China has actually accumulated a MUCH larger position, the West's only counter-response is to depress the paper price and talk down gold in the MSM, but you'll still see the physical PM market respond to situations like Greece, most notably in shortages and higher premiums.
China didnt buy that much gold in 1 month. Thats the change over the past six years since they last released info in 2009. And apparently they had bought a lot less than people thought they were.
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The recent rout was likely a Western response to China announcing an increase of 50% of their gold holdings in a single month.
http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009
China has actually accumulated a MUCH larger position, the West's only counter-response is to depress the paper price and talk down gold in the MSM, but you'll still see the physical PM market respond to situations like Greece, most notably in shortages and higher premiums.
China didnt buy that much gold in 1 month. Thats the change over the past six years since they last released info in 2009. And apparently they had bought a lot less than people thought they were.
Yeah, I know they didn't buy that in one month, they've accumulated it (and a much larger position since 2009) and they can announce increases whenever it's advantageous for them to do so. Someone would have to be extremely naive to think that is the total of the increases we will see announced.
There are various theories for their reasoning but this sounds fairly logical
AEP goes on to quote David Marsh, from the monetary forum OMFIF, who said "China would risk unsettling the world gold market if it revealed bullion reserves of 2,000 or 3,000 tonnes. This might be interpreted as an unfriendly move against the dollar at a "delicate time."
And from a purely logical standpoint, it would be far more sensible for the PBOC to reveal just a fraction of its gold holdings, whether it was to stabilize its stock market or to boost its chances of SDR admission, than to expose the entire vault, especially if it wanted to buy more: it doesn't take rocket surgery to realize that one can buy more assets for cheaper, if one is not exposed as amassing a huge position in a given asset.
http://www.zerohedge.com/news/2015-07-20/case-china%E2%80%99s-missing-gold
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The recent rout was likely a Western response to China announcing an increase of 50% of their gold holdings in a single month.
http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009
China has actually accumulated a MUCH larger position, the West's only counter-response is to depress the paper price and talk down gold in the MSM, but you'll still see the physical PM market respond to situations like Greece, most notably in shortages and higher premiums.
China didnt buy that much gold in 1 month. Thats the change over the past six years since they last released info in 2009. And apparently they had bought a lot less than people thought they were.
Yeah, I know they didn't buy that in one month, they've accumulated it (and a much larger position since 2009) and they can announce increases whenever it's advantageous for them to do so. Someone would have to be extremely naive to think that is the total of the increases we will see announced.
There are various theories for their reasoning but this sounds fairly logical
AEP goes on to quote David Marsh, from the monetary forum OMFIF, who said "China would risk unsettling the world gold market if it revealed bullion reserves of 2,000 or 3,000 tonnes. This might be interpreted as an unfriendly move against the dollar at a "delicate time."
And from a purely logical standpoint, it would be far more sensible for the PBOC to reveal just a fraction of its gold holdings, whether it was to stabilize its stock market or to boost its chances of SDR admission, than to expose the entire vault, especially if it wanted to buy more: it doesn't take rocket surgery to realize that one can buy more assets for cheaper, if one is not exposed as amassing a huge position in a given asset.
http://www.zerohedge.com/news/2015-07-20/case-china%E2%80%99s-missing-gold
with China, or any government for that matter, we never know how close reported figures come to the truth. i also suspect they've been hoarding more gold than they've made public, and at some point i imagine they'll have incentive to pretend they have more than they do...i don't think they ever have incentive to tell the truth.
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The recent rout was likely a Western response to China announcing an increase of 50% of their gold holdings in a single month.
http://www.zerohedge.com/news/2015-07-17/china-increases-gold-holdings-57-one-month-first-official-update-2009
China has actually accumulated a MUCH larger position, the West's only counter-response is to depress the paper price and talk down gold in the MSM, but you'll still see the physical PM market respond to situations like Greece, most notably in shortages and higher premiums.
China didnt buy that much gold in 1 month. Thats the change over the past six years since they last released info in 2009. And apparently they had bought a lot less than people thought they were.
Yeah, I know they didn't buy that in one month, they've accumulated it (and a much larger position since 2009) and they can announce increases whenever it's advantageous for them to do so. Someone would have to be extremely naive to think that is the total of the increases we will see announced.
There are various theories for their reasoning but this sounds fairly logical
AEP goes on to quote David Marsh, from the monetary forum OMFIF, who said "China would risk unsettling the world gold market if it revealed bullion reserves of 2,000 or 3,000 tonnes. This might be interpreted as an unfriendly move against the dollar at a "delicate time."
And from a purely logical standpoint, it would be far more sensible for the PBOC to reveal just a fraction of its gold holdings, whether it was to stabilize its stock market or to boost its chances of SDR admission, than to expose the entire vault, especially if it wanted to buy more: it doesn't take rocket surgery to realize that one can buy more assets for cheaper, if one is not exposed as amassing a huge position in a given asset.
http://www.zerohedge.com/news/2015-07-20/case-china%E2%80%99s-missing-gold
with China, or any government for that matter, we never know how close reported figures come to the truth. i also suspect they've been hoarding more gold than they've made public, and at some point i imagine they'll have incentive to pretend they have more than they do...i don't think they ever have incentive to tell the truth.
At some point when there is a crisis of confidence in fiat (and there always is) then governments will have to prove their reserves to some degree. I think it's a safe bet that Western holdings are grossly overstated and Eastern holdings, especially China are understated.
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/05/20150527_russ.jpg)
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/07/shanghai-gold-exchange-week-ended-july-10-2015_0.png)
(http://goldsilverworlds.com/wp-content/uploads/2013/05/currency_wars_china_US_gold_cartoon.png)
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At some point when there is a crisis of confidence in fiat (and there always is) then governments will have to prove their reserves to some degree. I think it's a safe bet that Western holdings are grossly overstated and Eastern holdings, especially China are understated.
true, at some point it'll be favorable for governments to declare they have vaults spilling over with gold; it's just that when that incentive exists, i'd bet every government will overstate their holdings!
great graphics, btw. great snowball fight ...i'd rather have the gold chucked on my side of the fence.
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People are pumping the heck out of BTS in the polo trollbox right now. Some guy claiming he heard about big news coming soon (big financial partner?) , and various people trying to explain Bitshares to newbies there.
Also the polo volume has been higher in some of the past few days than btc38! I wonder if the trade is shifting. I'd like to see polo volume rise a lot. Its already replaced what bter used to be.
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People are pumping the heck out of BTS in the polo trollbox right now. Some guy claiming he heard about big news coming soon (big financial partner?) , and various people trying to explain Bitshares to newbies there.
Also the polo volume has been higher in some of the past few days than btc38! I wonder if the trade is shifting. I'd like to see polo volume rise a lot. Its already replaced what bter used to be.
If there were any news wouldn't it make more sense to come here instead of a trollbox? Seems just like any other attempt to pump the price
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If there were any news wouldn't it make more sense to come here instead of a trollbox? Seems just like any other attempt to pump the price
Yeah, think it was an attempt to pump based on the Bank partnership news that Dan mentioned in the last mumble.
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People are pumping the heck out of BTS in the polo trollbox right now. Some guy claiming he heard about big news coming soon (big financial partner?) , and various people trying to explain Bitshares to newbies there.
Also the polo volume has been higher in some of the past few days than btc38! I wonder if the trade is shifting. I'd like to see polo volume rise a lot. Its already replaced what bter used to be.
interesting...i heart rumors that make BTS popular
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Here we go ;) check out the Poloniex volume
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great bc i have a bunch of short positions that have been bleeding me over the last couple weeks! it'd be great to have a price bounce to make up some of those losses!
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
Normally you shouldn't need to put anything in the memo to withdraw. Try to withdraw a small amount first if you're unsure it'll work.
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
Normally you shouldn't need to put anything in the memo to withdraw. Try to withdraw a small amount first if you're unsure it'll work.
Just triple check that your account name that it is sending to is correct.
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Thank you. Do you guys ever see the Yuan reaching dollar parity ? ...if so when?
Can I buy yuan with bts?
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Thank you. Do you guys ever see the Yuan reaching dollar parity ? ...if so when?
Can I buy yuan with bts?
Only way it reaches parity is if the Chinese government allowed it to appreciate.... Buy bitcny if you want Yuan exposure
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For anyone who has not read this yet or needs a link here ya go!
https://bitshares.org/newsletter/2015/nullstreet/the_nullstreet_journal_0-5.pdf
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Thank you. Do you guys ever see the Yuan reaching dollar parity ? ...if so when?
Can I buy yuan with bts?
I dont it will reach parity in this decade. Long term I dont know.
You can buy bitCNY within Bitshares, you can also trade between BTS and CNY on btc38.
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
Careful that in Poloniex, they give you a specific memo (at the left below the amount you have) when you want to withdraw.
You have to enter the memo so the withdraw is executed.
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
Careful that in Poloniex, they give you a specific memo (at the left below the amount you have) when you want to withdraw.
You have to enter the memo so the withdraw is executed.
The memo at Poloniex is for deposits only. Withdrawing BTS to your own wallet from poloniex does not require a memo.
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Thanks for clearing that up it was confusing.
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When withdrawing bitshares from an exchange what do I put as the memo? I don't want to lose my funds! :S
Careful that in Poloniex, they give you a specific memo (at the left below the amount you have) when you want to withdraw.
You have to enter the memo so the withdraw is executed.
The memo at Poloniex is for deposits only. Withdrawing BTS to your own wallet from poloniex does not require a memo.
I didn't know that, thanks for correcting me ;)
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Yeah 8)
44 BTC BUY wall on polo
Edit: It disappeared ???
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Now would be a good time for an ander always bullish bts post!
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Btc38 looks like some group is offloading.. Probably whoever pumped it last few days.. The 2 million sell was probably the leader.
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Now would be a good time for an ander always bullish bts post!
Should I mention that I sold 200k BTS at 2100 and rebought it at 1700?
And I made .5 BTC shorting ether this week It was a good week. :)
(I dont normally short anything because I hate margin, but I did a little after it became obvious that ETH had peaked.
I would be long BTS now. We broke out and then returned to the breakout point and held, thats usually a really good time to buy, right before the bulk of the rise occurs.
I'm kindof surprised BTS tanked as much as it did.
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where did you short Ether? I want to short the shit out of it because I think it will drop to at least $30mil market cap..
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where did you short Ether? I want to short the shit out of it because I think it will drop to at least $30mil market cap..
Id like to know as well, but I would prefer to be able to short it from within BitShares.
Can we have a pegged asset for Ethereum in the 2.0 genesis block? Save us from having to pay the fee to create it.
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where did you short Ether? I want to short the shit out of it because I think it will drop to at least $30mil market cap..
Id like to know as well, but I would prefer to be able to short it from within BitShares.
Can we have a pegged asset for Ethereum in the 2.0 genesis block? Save us from having to pay the fee to create it.
Shorted it at .0065 covered at .005. I dont want to short it again until I get a nice bounce that looks like its momentum has fizzled out.
(Oh what site. At poloniex.)
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I have 0.5btc left. Once the wallet is synchronized (probably after 5 hours) I will send this to poloniex to short some ETH, make some profit and buy some extremely cheap BTS.. ETH is going at 0.0033 today I think...If by the time I manage to send the btc to Poloniex ETH is at 0.0033 I will just by some BTS instead :)
I am looking forward to the day we have high volume in our DEX and don't need to move around coins all over to different platforms and waiting for ages the bitcoin wallet to synch..
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Yea, I would love to have the ability to short/long ETH without having to leave the BTS wallet...is this ever gonna happen?
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While I have some question marks over their medium term commitment to BTS, I already have a decent BTS position and am buying strongly at the moment, not too far from BTS 2.0 now...
Also BTS seemed to be rising consistently for about a week and only a recent 2.5 million BTS dump started to break that trend which I think will resume.
(2.5 million or 0.1% doesn't seem like a lot but a 0.1% or 60 000 ETH dump would also drop ETH on Poloniex by 10-20%)
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I'm long a bit of ETH at .005 now. We will see. Maybe I'll be bagholding it soon lol. (Less than hald a BTC worth though(.
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I'm long a bit of ETH at .005 now. We will see. Maybe I'll be bagholding it soon lol. (Less than hald a BTC worth though(.
The thing that concerns me is that there's only about 1% of ETH for sale on the exchanges atm whereas say 5% of LTC.
The amount in sell orders on Poloniex has also increased steadily over the weekend.
So I think more ETH is steadily coming onto the exchanges and will push the price down.
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@Ander go short on ETH on Poloniex..I am shorting it and buying all the BTS with margin on Poloniex..Let's pump BTS and short sell ETH to see what happens..
I haven't traded on Poloniex for over a year now..It's fun..especially when you don't care about a coin and you can short it with leverage like ETH..
I am hoping BTS 2 to be like Poloniex..Everything is so clear and easy
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@Ander go short on ETH on Poloniex..I am shorting it and buying all the BTS with margin on Poloniex..Let's pump BTS and short sell ETH to see what happens..
I haven't traded on Poloniex for over a year now..It's fun..especially when you don't care about a coin and you can short it with leverage like ETH..
I am hoping BTS 2 to be like Poloniex..Everything is so clear and easy
I'll short ETH if it gets back around .07. Right now very long BTS, slightly long ETH, not on margin.
People got too bearish about ETH after that drop, everyone wants to short it now, I'm thinking it bounces a bit. But if it doesnt its okay, I only have like 70 eth.
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@Ander go short on ETH on Poloniex..I am shorting it and buying all the BTS with margin on Poloniex..Let's pump BTS and short sell ETH to see what happens..
I haven't traded on Poloniex for over a year now..It's fun..especially when you don't care about a coin and you can short it with leverage like ETH..
I am hoping BTS 2 to be like Poloniex..Everything is so clear and easy
Ummm are you trying to blow up your account? What you're doing is risky, borderline reckless.
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@Ander go short on ETH on Poloniex..I am shorting it and buying all the BTS with margin on Poloniex..Let's pump BTS and short sell ETH to see what happens..
I haven't traded on Poloniex for over a year now..It's fun..especially when you don't care about a coin and you can short it with leverage like ETH..
I am hoping BTS 2 to be like Poloniex..Everything is so clear and easy
Ummm are you trying to blow up your account? What you're doing is risky, borderline reckless.
I don't think so mate...Fundamentals say ETH @ $30-$40 mil market cap soon and BTS @ min $30-$40 mil market cap soon..I don't think that an alpha project like ETH without GUI should be more valuable than BTS which within next month will launch v2.. Wait and see what happens when ETH IPO start dumping..I know it is difficult to believe but same thing happened unfortunately to BTS a year ago..
Most people supporting blindly BTS (my self) didn't see it coming and hodl..I expect same thing to happen to ETH soon and people who think that ETH will surpass bitcoin anytime soon will be faced to a tough reality..
Ofcourse with crypto one can never know and things happen often without any logic.. So I may blow my account soon as you say..It won't be the first not the last time..lol...
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@Ander go short on ETH on Poloniex..I am shorting it and buying all the BTS with margin on Poloniex..Let's pump BTS and short sell ETH to see what happens..
I haven't traded on Poloniex for over a year now..It's fun..especially when you don't care about a coin and you can short it with leverage like ETH..
I am hoping BTS 2 to be like Poloniex..Everything is so clear and easy
Ummm are you trying to blow up your account? What you're doing is risky, borderline reckless.
Yeah that is pretty risky, it might work but it might blow up on your face. I hate being on margin, when I shorted ETH yesterday it was only a small amount.
There have been many price spikes this week in ETH due to people getting margin called on both the long and short side.
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"A market can stay irrational longer than you can stay solvent"
"There are old traders, there are bold traders, but there are no old bold traders"
Review those quotes. Trading on margin, especially on the short side in crypto, can blow you up faster than any other investment.
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Ended up selling at .0058 for a small gain. I dont have any idea how long this bounce will last.
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Ended up selling at .0058 for a small gain. I dont have any idea how long this bounce will last.
I thought you said the bear decline was in reversal.....? Changing your tune now?
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Ended up selling at .0058 for a small gain. I dont have any idea how long this bounce will last.
I thought you said the bear decline was in reversal.....? Changing your tune now?
I was just trading it short term for a bounce, that happened, and now I'm not sure so I'm out.
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Ended up selling at .0058 for a small gain. I dont have any idea how long this bounce will last.
I thought you said the bear decline was in reversal.....? Changing your tune now?
I was just trading it short term for a bounce, that happened, and now I'm not sure so I'm out.
I am no trader by any stretch of an imagination.. but I follow the markets everyday.. what I have seen is basically since Eth started trading all the action has moved there due to the volume depth and thus opportunities to make money.
Until BitShares reaches similar depth if not at least 5x its current depth after 2.0 comes out I don't think any theories about where it is coming or going are going to have any impact.
I would not bet on any price increases until we get closer to sharedrop periods and/or 2.0 launch.
My 2 brownies.
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Shorted a little bit of ETH again at .00590.
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shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...
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shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...
I shorted at 0.0056 but without a lot of leverage, so I can handle a big swing. So far so good.
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Covered my short in low .005s for a .2 btc gain.
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enough with Ethereum...Can we please start supporting BTS now for a change..We have lost 90% of our value already. It is time to get this back to where it belongs..x10.. so please let's all start buying some BTS. I have already sold my car when we firstt broke $15 mil and I am travelling with public transportation for a while now in order to buy some BTS..I need a new car sooner or later... :)
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shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...
:(
I made sure to keep my margin call level above .02, so ETH would have to go up like 200-300% to hit it (and I would cover at some point well before that happened). Just small positions for me.
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shorting ETH yesterday didn't work as planned after all.. :(.. I got margin called and busted my account...
oh well... Some things never change...
:(
I made sure to keep my margin call level above .02, so ETH would have to go up like 200-300% to hit it (and I would cover at some point well before that happened). Just small positions for me.
mf-tzo,
Did you really blow your account with a move that small? Your whole thesis for the short was that ETH was fundamentally overvalued and bts was fundamentally undervalued. Did you not account for some slight market gyrations?
I was worried you would blow yourself up if ethereum went to 150 or 200 million, not 85 or 90 million. I'm not here to tell anyone how to trade their own money. What I find troubling though is that you are asking other forum members to follow you in on your trade. Hopefully most people have their own trading and risk management strategies, but I would not be surprised if some newbies did follow what you were doing.
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ok let me make it a bit more clear...When I said busted my account I meant my Poloniex trading and I was talking about the 0.5 btc that i sent there to do some trading shorting ethereum and going long on BTS with leverage.. I got margin called when I went to sleep on my positions and lost 0.25 BTC overall which I am trying to recover today. So far by doing exactly the same thing as yesterday I recovered 0.05 BTC so total loss is 0.2 BTC..
At this point though I don't think I will play anymore with ethereum since I really don't know where it can go..
My logic says that eventually BTS and ETH will have a very close market cap. But if no one is supporting BTS price anymore especially with the coming v2 and we just only Pump BTS 1 week before the actual release then I would say that BTS will be no different from anything else..Just pump the news and then dump..So the market will not care to learn about BTS if we are not doing anything different than others..
So that was a call to you guys to start buying and actually supporting BTS instead of talking about the market cap of ETH and where it will go.
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Bought some ETH at .00461
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Bought some ETH at .00461
I shorted earlier then re-shorted but with more leverage and closed it at .00461 for a nice profit.
I shorted again but with no leverage. I think it will decline over the rest of the week but could be volatile inbetween. Is my guess.
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So that was a call to you guys to start buying and actually supporting BTS instead of talking about the market cap of ETH and where it will go.
I support BTS as much as I can. I'm not going to margin long all-in BTS and get my account rekt though, the dump that followed when I got liquidated would be unhelpful to BTS. :P
What I am going to do is continue to try to make small gains trading ETH and other things, and put the profits into BTS like I've been doing.
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Bought some ETH at .00461
And bought more at .0044-.0045. I think it needs to bounce at this point. But this isnt a long term buy or anything, just playing for a bounce.
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Bought some ETH at .00461
And bought more at .0044-.0045. I think it needs to bounce at this point. But this isnt a long term buy or anything, just playing for a bounce.
I think it could be due a bounce.
However I am still seeing circa 50k ETH being added to sell orders each day on Poloniex without buy orders increasing so I think that incoming supply eventually has to push down the price unless there's a new reason for fresh demand this week.
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I dont want to look like a smartass but the title says "Bitshares price discussion" not Ethereum :(
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I dont want to look like a smartass but the title says "Bitshares price discussion" not Ethereum :(
Sorry. :P
Moving to the ETH thread now.
Re: bitshares price: in the 1600s satoshis is always a buy, that has always been our strongest support level. Gonna buy more new BTS once I take profits on my ETH. :)
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I always thought and still think that BTS is a strong buy @ 2900 satoshis but that is what destroyed me really...
By the way in Poloniex there is big wall of BTS @1650 now of 24 btc..Is this for real or are these bots traps? Anyone cares to dump to see if it is for real?lol..
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I always thought and still think that BTS is a strong buy @ 2900 satoshis but that is what destroyed me really...
Me too, and its sad that it dropped from there.
By the way in Poloniex there is big wall of BTS @1650 now of 24 btc..Is this for real or are these bots traps? Anyone cares to dump to see if it is for real?lol..
The buy wall at 1650 is real, this isnt ETH. People trading BTS generally actually want to buy or sell when they put up an order.
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I always thought and still think that BTS is a strong buy @ 2900 satoshis but that is what destroyed me really...
Many people thought the same :( I did.
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The question is what are you going to do next time you see it @2900 satoshis?
I always felt that BTS should be on 1st - 2nd place ...Hopefully we will get there..we are still in the very very beginning of this trip..I am trying to educate well educated people who are doing day trading and know economics about crypto and bitshares and still most people don't get it...Give it a couple years..
We are in the pacman and arcanoid era now..
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Bitcoin crashing hard!
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Bitcoin crashing hard!
And the buyers emerge victorious again 8)
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Omg bitcoin crashing!!!!!!!!! 205 on finex!
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omg it touched 166
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China is waking up to see this madness. Interesting to see.
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Man this is an exciting time. We are now counting the weeks, maybe days until BitShares is discovered by the masses. :o
To all you newbies reading this... just imagine..
If you buy 10,000 BTS right now (~$40 at https://www.ccedk.com/signup), if the BTS price hits $1 then your BTS are worth $10,000.
CCEDK makes it super easy, all you have to do is open an account, wire some fiat into your account, then "Instant Order" into some BTS and withdraw it to your wallet, done.
If you're not buying BTS right now, you're definitely not paying attention.
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omg..there is just no bottom for bitshares anymore.. Are we going up anytime soon or we are going to collapse and follow bitcoin's failure..
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
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Man this is an exciting time. We are now counting the weeks, maybe days until BitShares is discovered by the masses. :o
To all you newbies reading this... just imagine..
If you buy 10,000 BTS right now (~$40 at https://www.ccedk.com/signup), if the BTS price hits $1 then your BTS are worth $10,000.
CCEDK makes it super easy, all you have to do is open an account, wire some fiat into your account, then "Instant Order" into some BTS and withdraw it to your wallet, done.
If you're not buying BTS right now, you're definitely not paying attention.
First it has to get to $0.01 and at least stabilize around that level.
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
something must be really wrong with the project!
Can somebody explain it?
I am definitely lucking to give a logical explanation...
Even crap coins have more support right now.
Is it just a matter of... trust? I can't think anything else...
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
something must be really wrong with the project!
Can somebody explain it?
I am definitely lucking to give a logical explanation...
Even crap coins have more support right now.
Is it just a matter of... trust? I can't think anything else...
Maybe just accumulation phase before 2.0 is released? Even if people are not sold on BitShares, a good and opportunist pump and dumper would see this as an opportunity to get some gains, given that we are one of the top cryptos and has an all time high of ~$0.05. It probably won't even go near that but people interested in a quick buck could probably see this like a good opportunity, even if they don't care about BitShares at all
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I think what you are seeing is just where money can be made 'today' on trades.. whereas in our ecosystem because of the pending 2.0 there isn't the same swings and volume as they can get across all the others.
I don't think this has anything to do with fundamentals.. it's just the money following money... and this drive down in price I think is really so a huge uptake can take place...
Doesn't anybody not recall a pending announcement with a real bank? If I had the money to drive down BTS pending that announcement so I could create a upswing after that I would.
Disclaimer: I am not a trader by any stretch of the imagination.. I am just like most of you here talking out of my ass with an opinion because the forum lets me. :P
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
Did you not notice that Bithares as one of the few and perhaps even one of the few times allover even for bitshares went up in price when bitcoin went down yesterday. Bitshares would have nomally followed bitcoin down like the rest but instead it went up and is partly the reason why it still staying above 1600.
When BTC went up today, bts went down, which it has done it seems every single time, but the reaction yesterday tells me that bts is getting stronger and a good sign towards the upcoming launch
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AFAIK there is no price manipulation in the crypto world.(lol)
We should all sell our crappy and useles bts and buy litecoins and dogecoins and catcoins like all real men do!!!
Take a look at all that innovation out there!!!!!
(http://i.imgur.com/reQ3WKx.jpg)
http://www.coindesk.com/bitfury-light-bulbs-mine-bitcoin/
What do we have to offer compared to them?
There are rumors that litecoin will offer 10% more lumens in a slightly more "bluish" color!! now that's what I call innovation!!!
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
Did you not notice that Bithares as one of the few and perhaps even one of the few times allover even for bitshares went up in price when bitcoin went down yesterday. Bitshares would have nomally followed bitcoin down like the rest but instead it went up and is partly the reason why it still staying above 1600.
When BTC went up today, bts went down, which it has done it seems every single time, but the reaction yesterday tells me that bts is getting stronger and a good sign towards the upcoming launch
1600 seems to be the current floor. All of the price moves are predictable though, it was pumped up on the announcement of Bitshares 2.0 and now it's back to where it was prior to the announcement.
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It's funny looking on cmc right now and seeing everyone in the top 10 up 2% or more over the last 24 hrs, but Bitshares is down 6%
Did you not notice that Bithares as one of the few and perhaps even one of the few times allover even for bitshares went up in price when bitcoin went down yesterday. Bitshares would have nomally followed bitcoin down like the rest but instead it went up and is partly the reason why it still staying above 1600.
When BTC went up today, bts went down, which it has done it seems every single time, but the reaction yesterday tells me that bts is getting stronger and a good sign towards the upcoming launch
good point, I like your analysis and I tend to agree looking it from that perspective ;)
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I imagine the price is going to just keep swinging around aimlessly at these levels until we get word of a serious, concrete time for BTS 2.0 launch. It all seems so up in the air right now; for all we know the launch could be delayed for months or into 2016. As soon as a date is set and we approach it you can pretty much guarantee there will be hype/price rise/excitement.
...so if you're smart, you'd be buying now, while the market is still uncertain. Obviously more risky than buying after knowing the BTS 2.0 launch is set in stone, but I trust Dan and co to pull through.
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the only problem is that some of us just don't have any money to invest in anything anymore..
I wish I have sold some BTS when we had decent market caps so I could have some funds to invest now and buy back x5 my original stake..I don't mind if it takes 1 month to launch or 5 more years BTS to reach its potential. I am just frustrated that new comers can just buy BTS at these levels when long term bagholders like my self bought them x5-6 of current prices and kept them (PTS, BTS) for the last 2 years..I mean keeping something for so long and supporting it should somehow be rewarding but instead the market punished us.. I know life is unfair and everyone is responsible for his actions..
So a word of advice for the new money here: Now is your chance to get a very nice piece of the pie.
and something for people who sold at high levels : Don't be too greedy. Don't kill the price so you can accumulate more and more. Start supporting the prices again before BTS goes to the levels of the abyss and there is no coming back from there..
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Man, how is BTS under 1700? I gotta keep making trading money and buying it. :P
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About to get passed by stellar to fall to 11
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I have noticed a new coin in coinmarketcap called helleniccoin shooting up. Apparently this will save Greece from capital controls and it will save the Greek economy..lolololol...
If for any reason this coin surpasses bitshares in market cap then this will be the end for me. I will sell all my bts at once go buy a coffee and never look back at any crypto..
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I have noticed a new coin in coinmarketcap called helleniccoin shooting up. Apparently this will save Greece from capital controls and it will save the Greek economy..lolololol...
So its Auroracoin 2.0?
[/quote]
If for any reason this coin surpasses bitshares in market cap then this will be the end for me. I will sell all my bts at once go buy a coffee and never look back at any crypto..
[/quote]
Auroracoin 1.0 was once worth hundreds of millions. Did that make you want to sell all your bitshares?
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If I recall correctly there were not bitshares when aurora coin shoot up..That was a period when a lot of country coins were out and some shoot up.
Aphrodite coin (Cyprus coin) shoot up also something like $100 mil for a couple of days. And yes I was thinking how stupid I was for not riding those pumps and kept other most respectable coins
I am keeping BTS and only BTS for a very long time now because I genuinely believe in this project. But if now we are going back to the fashion of country coins and I start seeing country coins surpassing BTS I will be so disappointing about the cryptocurrency mentality of the investors and traders that I think I will just leave out of this ecosystem and never look back..
That is why we all need to start supporting BTS price. We should never allow shitty coins surpassing our market cap..
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the only problem is that some of us just don't have any money to invest in anything anymore..
I wish I have sold some BTS when we had decent market caps so I could have some funds to invest now and buy back x5 my original stake..I don't mind if it takes 1 month to launch or 5 more years BTS to reach its potential. I am just frustrated that new comers can just buy BTS at these levels when long term bagholders like my self bought them x5-6 of current prices and kept them (PTS, BTS) for the last 2 years..I mean keeping something for so long and supporting it should somehow be rewarding but instead the market punished us.. I know life is unfair and everyone is responsible for his actions..
So a word of advice for the new money here: Now is your chance to get a very nice piece of the pie.
and something for people who sold at high levels : Don't be too greedy. Don't kill the price so you can accumulate more and more. Start supporting the prices again before BTS goes to the levels of the abyss and there is no coming back from there..
dont worry so much @mf-tzo when price is around 0,08 USD end of year, I think you wont think of how much you paid, but more about what to buy for it all. I have a feeling christmas wont come early this, but when it comes there will be presents for all who believed in Bitshares ;) :)
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Seriously, stop watching cmc ever day. Look at the technology behind BitShares vs all the rest. Even without 2.0 we've got'm beat.
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let me just take the opportunity and say @ kencode and ccedk that I like you a lot both of you and you guys definitely deserve a lot of Brownies. You are both doing a great job promoting BTS and re instate lost confidence when the price tanks..so thanks! :)
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Seriously, stop watching cmc ever day. Look at the technology behind BitShares vs all the rest. Even without 2.0 we've got'm beat.
^This... but I know sometimes is fun to be Chicken Little.. and scream the sky is falling. :) It sort of fits into many peoples mindset here for what first attracted them to BitShares.. so it's natural.
It's always the darkest hour before the break of dawn.. press on to meet the 2.0 dawn. ;)
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I'm still trying to figure out how only 6 days ago BTS had a market cap of $13.5 million, and today a cap of $9.8 million. What changed in the span of 6 days to cause a 27.5% drop? Other than bitcoin crashing a bit I guess...
My only answer is that the markets are just too thin and unreasonable right now. Nothing's changed fundamentally over the course of 6 days, and the BTS 2.0 launch still seems to be on track. Just seems to be people riding the trends.
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I'm still trying to figure out how only 6 days ago BTS had a market cap of $13.5 million, and today a cap of $9.8 million. What changed in the span of 6 days to cause a 27.5% drop? Other than bitcoin crashing a bit I guess...
Also everyone is obsessed with Ethereum.
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There are people shorting BTS right now on polo. I've got more than 100k out on loan now.
People are paying my free BTS for the privilege of getting margin called when this goes back up, love it. ;)
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There are people shorting BTS right now on polo. I've got more than 100k out on loan now.
People are paying my free BTS for the privilege of getting margin called when this goes back up, love it. ;)
lol
what an awesome strategy .. +1
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indeed awesome. I didn't know I could do this..On the other side don't you think is a bit dangerous to have more than 100k BTS in a centralized exchange? I have done the same with my 30k bts and still I don't feel very comfortably leaving my precious there..
on another note Hellenic coin dropped today in place 142 in cmc..lol..so confidence in crypto has been restored...
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indeed awesome. I didn't know I could do this..On the other side don't you think is a bit dangerous to have more than 100k BTS in a centralized exchange? I have done the same with my 30k bts and still I don't feel very comfortably leaving my precious there..
Yup, I would love to be able to do this within BitShares. No way am I going to trust a third party exchange with my babies.
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Yes I was thinking about doing exactly the same... but remember the issues that had poloniex a while ago.
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The price is dropping because of the sharedrop for Brownie Points. Its as if your saying, we think 20% of the value of this DAC belongs to my funny money. So as a result, Bitshares is dropping downwards to met the value of Brownie Points.
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indeed awesome. I didn't know I could do this..On the other side don't you think is a bit dangerous to have more than 100k BTS in a centralized exchange? I have done the same with my 30k bts and still I don't feel very comfortably leaving my precious there..
on another note Hellenic coin dropped today in place 142 in cmc..lol..so confidence in crypto has been restored...
I personally would not sell a single BTS at these prices. I cannot imagine why anyone would think of cashing out into USD unless they are desperate for money.
This is the accumulation phase we are in. We should be grateful for these low prices because this allows us to become whales. Someone is going to accumulate over 10 million BTS and how much will that be worth when the price is 10 cents? On top of that Bitshares 2.0 will be so useful that even at 10 cents it might be the best place to speculate and to park wealth.
Personally, I wouldn't even think about selling when the price is below 50 cents, and possibly over $1. Bitshares could go for $1 each if the market cap reaches a few billion which is actually quite trivial if some of the Forex money comes in. Bitshares 2.0 has to prove itself by showing it really can do 100,000 tps, and it has to find ways to make use of the liquidity if people want to put it in.
Bitcoin cannot accept the liquidity because of the low scalability. Bitshares 2.0 should be able to accept the liquidity in the billions easily. It could accept that right now, with 0.9, so 2.0 the sky is the limit. Bitshares 2.0 might take some time to mature but once volume goes up it will become incredibly useful and there is nothing else like it. Also it cannot be ported to Ethereum 1.0 because Ethereum can't handle it yet.
This means for possibly over a year Bitshares 2.0 should have free reign to find it's niche and mature. Bitshares 2.5 could be developed during this time and perhaps integrate with Medici if Overstock allows.
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Why can't ethereum handle bitshares right now? What are the technical challenges?
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indeed awesome. I didn't know I could do this..On the other side don't you think is a bit dangerous to have more than 100k BTS in a centralized exchange? I have done the same with my 30k bts and still I don't feel very comfortably leaving my precious there..
on another note Hellenic coin dropped today in place 142 in cmc..lol..so confidence in crypto has been restored...
I personally would not sell a single BTS at these prices. I cannot imagine why anyone would think of cashing out into USD unless they are desperate for money.
This is the accumulation phase we are in. We should be grateful for these low prices because this allows us to become whales. Someone is going to accumulate over 10 million BTS and how much will that be worth when the price is 10 cents? On top of that Bitshares 2.0 will be so useful that even at 10 cents it might be the best place to speculate and to park wealth.
Personally, I wouldn't even think about selling when the price is below 50 cents, and possibly over $1. Bitshares could go for $1 each if the market cap reaches a few billion which is actually quite trivial if some of the Forex money comes in. Bitshares 2.0 has to prove itself by showing it really can do 100,000 tps, and it has to find ways to make use of the liquidity if people want to put it in.
Bitcoin cannot accept the liquidity because of the low scalability. Bitshares 2.0 should be able to accept the liquidity in the billions easily. It could accept that right now, with 0.9, so 2.0 the sky is the limit. Bitshares 2.0 might take some time to mature but once volume goes up it will become incredibly useful and there is nothing else like it. Also it cannot be ported to Ethereum 1.0 because Ethereum can't handle it yet.
This means for possibly over a year Bitshares 2.0 should have free reign to find it's niche and mature. Bitshares 2.5 could be developed during this time and perhaps integrate with Medici if Overstock allows.
lol..who said anything about selling BTS at these levels? I didn't sell when it was $80 mil market cap I am not that crazy to sell now...
The question was whether we should loan these bts to poloniex traders who want to margin trade and we earn some interest on our BTS. After thinking about it I have personally moved those BTS away from Polo and bought some cheap Brownies...Not sure if this was the right choice (maybe I should just keep my BTS) but BMs "appreciation" is always good to have from my point of view and definitely is worth more than a small BTS interest from Poloniex traders.
Another solution would be to use them as collateral to short bitassets which also most probably will be more worthy than a small interest from Polo but this involves more risk which I cannot afford right now anymore..
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After thinking about it I have personally moved those BTS away from Polo and bought some cheap Brownies...
[/quote]
EZACTLY MY POINT! Brownies are cheap and are cheapening the value of Bitshares. Your selling BTS for Brownies meaning that BTS is losing its value because of the Brownies.
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
^^ This.. I know a number of people who have gotten brownie points who almost immediately sold them off for BTS :) ... they were super excited at how much they got for them too.
I think suggesting that a UIA is driving down BTS value is really reaching.
This is all being done on purpose.. we are going to see this likely for the next month.
DISCLAIMER: Not a trader.. just stating my 2 brownies worth. :)
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
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Still learning about Bitshares but feel like it's both technically (from a trading standpoint) and fundamentally (from a project and news standpoint) undervalued right now and just purchased 1 million on Poloniex with a 0.000017 average (Cashed out a minor part of my Ether crowdsale holdings). Just wanted to say hi here and will be following the thread.
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.
https://bitsharestalk.org/index.php/topic,17354.0.html
They were recently given 20% equity in a new venture called IDentabit
https://bitsharestalk.org/index.php/board,96.0.html (Active BS community allocation)
There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene, that is being released on BitShares in the next few months.
You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.
Personally I'm not a fan.
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
That makes no sense. Why do you need Bitshares on Ethereum if you have Augur?
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
That makes no sense. Why do you need Bitshares on Ethereum if you have Augur?
I don't follow Ethereum much but I thought Augur was just a prediction market.
CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.
The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
That makes no sense. Why do you need Bitshares on Ethereum if you have Augur?
I don't follow Ethereum much but I thought Augur was just a prediction market.
CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.
The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.
And all the time they spent on BitShares would go to waste as they would give in to the competition? I mean, it's a possible scenario, I just don't see it happen. Not that soon at least. If they stayed by BitShares up until now, they won't go away that easily. But that's just me, who some could call naive, but I feel I can trust the devs. The current ones.
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Still learning about Bitshares but feel like it's both technically (from a trading standpoint) and fundamentally (from a project and news standpoint) undervalued right now and just purchased 1 million on Poloniex with a 0.000017 average (Cashed out a minor part of my Ether crowdsale holdings). Just wanted to say hi here and will be following the thread.
If you want to buy a lot of BTS, our site BlockTrades probably can get you better prices, and it's much safer than trading on a centralized exchange (your money doesn't sit for long outside of your wallet). See the link below in my signature...
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
That makes no sense. Why do you need Bitshares on Ethereum if you have Augur?
I don't follow Ethereum much but I thought Augur was just a prediction market.
CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.
The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.
And all the time they spent on BitShares would go to waste as they would give in to the competition? I mean, it's a possible scenario, I just don't see it happen. Not that soon at least. If they stayed by BitShares up until now, they won't go away that easily. But that's just me, who some could call naive, but I feel I can trust the devs. The current ones.
Hmm... Yes I think you're right, it's extremely unlikely that they would already consider that angle/outcome. I'm just surprised that there seems to be a lot of heavy BTS selling atm.
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I'm just surprised that there seems to be a lot of heavy BTS selling atm.
It is surprising, but makes sense when you realize this is the accumulation phase (as luckybit pointed out)...it's pretty much a no-brainer that BTS is going to be worth more come closer to launch, so this would be an obvious time to build up a nice healthy stash before everyone else starts clamoring for BTS.
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What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?
Like Augur?
Maybe.
Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?
They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.
That makes no sense. Why do you need Bitshares on Ethereum if you have Augur?
I don't follow Ethereum much but I thought Augur was just a prediction market.
CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.
The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.
And all the time they spent on BitShares would go to waste as they would give in to the competition? I mean, it's a possible scenario, I just don't see it happen. Not that soon at least. If they stayed by BitShares up until now, they won't go away that easily. But that's just me, who some could call naive, but I feel I can trust the devs. The current ones.
Hmm... Yes I think you're right, it's extremely unlikely that they would already consider that angle/outcome. I'm just surprised that there seems to be a lot of heavy BTS selling atm.
I agree that CNX is not going to abandon bitshares.
However, *the market* currently thinks there is a high chance that CNX is abandoning bitshares, thats why the price is down from over .05 CNY when the BTS 2.0 announcement came out, to .025 now. Basically pricing in a 50% chance of 'devs are going to screw over all their investors and leave'.
Until 2.0 actually releases, the market sees it as vaporware. If the devs can actually get it out, everything is going to change.
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I agree that CNX is not going to abandon bitshares.
However, *the market* currently thinks there is a high chance that CNX is abandoning bitshares, thats why the price is down from over .05 CNY when the BTS 2.0 announcement came out, to .025 now. Basically pricing in a 50% chance of 'devs are going to screw over all their investors and leave'.
Until 2.0 actually releases, the market sees it as vaporware. If the devs can actually get it out, everything is going to change.
The *market* doesn't seem to believe any of the announcements from 3rd parties who are building their entire businesses models on BitShares?
What evidence is there of BitShares being abandoned in any way?
Oh wait I get it.. you crafty devils.. trying to drive the price down more feeding the FUD so you can buy more cheap. :)
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
Can somebody explain me why Brownies supply went from 8.2 millions to 9.2 millions this week? I thought bytemaster had stated before a week (hangout) that he had no intentions to dilute brownies (at least not for now). Could it be one of the reason's we are one a downtrend? I mean how can somebody take seriously "statements" that after a week are practically taken back?
PS maybe they dump brownies because the unexpected +1Million brownies dilution?
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I can't believe it, but we're actually approaching our all time low of 0.0198 CNY. I imagine there should be quite a damn bit of resistance there...so anyone selling at this point is mad.
Final shakeout before the storm?
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If I had more money to invest I would by a whole truck full of bts at these prices. I found it crazy that there is not a higher, stronger buyer wall.
With bts 2.0 about to launch it's the perfect time to buy.
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
Can somebody explain me why Brownies supply went from 8.2 millions to 9.2 millions this week? I thought bytemaster had stated before a week (hangout) that he had no intentions to dilute brownies (at least not for now). Could it be one of the reason's we are one a downtrend? I mean how can somebody take seriously "statements" that after a week are practically taken back?
PS maybe they dump brownies because the unexpected +1Million brownies dilution?
It's a UIA, susceptible to changes so expect that. Also I believe - although I don't have anything to back this up - that most people don't even know about the existence of brownies. Only who hangs around in the forums and I think that doesn't represent a significant piece of BitShares stakeholders at all, there should be lots of other people out there.
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He will fool you every time.
Early investor
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who?
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
Can somebody explain me why Brownies supply went from 8.2 millions to 9.2 millions this week? I thought bytemaster had stated before a week (hangout) that he had no intentions to dilute brownies (at least not for now). Could it be one of the reason's we are one a downtrend? I mean how can somebody take seriously "statements" that after a week are practically taken back?
PS maybe they dump brownies because the unexpected +1Million brownies dilution?
Expect brownies to be diluted to hell at any time. There is no fixed supply, its all under bytemaster's control, he can gian hundreds of thousands of free bts for himself if he wants just by making and dumping brownies onto the orderbooks.
Not that he will, but he can. because of this I dont really see it as an invesmtnet vehicle, to me its just a bonus item that you can get for doing good things for bitshares. I'm not going to be buying brownies at 10bts or anything like that, ever. I would buy some at 1 though. I'll probably just hold the ones bytemaster gave me forever, and not sell or buy (unless they get SUPER cheap, then ill buy some).
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I think bytemaster elaborating on how long the bank partnership is going to really take in last mumble is the cause of the dip over the past day. People were anticipating something to happen this year with it.
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bts will reach 0.01 cny
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You know what? Until BTS holders start providing liquidity this will continue to go down.
And BTS holders SHOULD otherwise their stake is going buh-bye anyways.
Good luck everybody.
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You know what? Until BTS holders start providing liquidity this will continue to go down.
And BTS holders SHOULD otherwise their stake is going buh-bye anyways.
Good luck everybody.
Which comes first.. the utility or the liquidity? I think the problem with the liquidity is largely due to the lack of utility.. and this is largely due to the issues related to 1.0 in terms of usability. That pretty much puts the current situation in a freeze pattern.
I think as we see more utility you will start to see the liquidity coming up to match and in a competitive way. Utility proposition for BitShares in 2.0 is hand over first superior. If all features fire on all cylinders it will take off like a formula one. If we have a few not firing.. we still flash forward unlike anything seen in the past.
I will also take this opportunity to note that we offered the community a way to increase our liquidity tremendously with BunkerMining by voting in our delegates.. we didn't get the votes to get it done.. we got one delegate voted in which only serves to drag the project out for many months until there is enough for the work to be done. Vote http://vote.bunkermining.com if you still like to see our liquidity increase. We would like nothing more than to be pushing $50,000 bitUSD in payouts a day to miners vs. the few hundred a day at best we continue to operate at without being able to deliver consistent competitive performance. If we had been voted in way back when we first proposed we would be in a very different place today I assure you.
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.
https://bitsharestalk.org/index.php/topic,17354.0.html
They were recently given 20% equity in a new venture called IDentabit
https://bitsharestalk.org/index.php/board,96.0.html (Active BS community allocation)
There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene, that is being released on BitShares in the next few months.
You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.
Personally I'm not a fan.
it is news to me that you can sell brownies .... and why could them have affect on the price of bts ?
thought they are not at all conected ?
is there someone that could enlighten me ?
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it is news to me that you can sell brownies .... and why could them have affect on the price of bts ?
thought they are not at all conected ?
is there someone that could enlighten me ?
It's just grasping for straws... latest in speculative FUD.. when really we are just in a liquidity utility rough patch until 2.0 pokes it's head out.. then the same people who are spinning all these crazy conspiracy theories are going to laugh and sing right along.
I can't count now how many times Stan said it was the makers of identabit that wanted a way to target active community members and they thought the brownie.pts would be an effective way to do that. The idea that this has anything to do with our price is fable.
(http://downloadwallpaperhd.com/wp-content/uploads/2013/05/Albert-Einstein-Quotes-HD-Wallpaper.jpg)
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.
https://bitsharestalk.org/index.php/topic,17354.0.html
They were recently given 20% equity in a new venture called IDentabit
https://bitsharestalk.org/index.php/board,96.0.html (Active BS community allocation)
There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene, that is being released on BitShares in the next few months.
You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.
Personally I'm not a fan.
it is news to me that you can sell brownies .... and why could them have affect on the price of bts ?
thought they are not at all conected ?
is there someone that could enlighten me ?
Brownies are being given 20% of IDentabits initial equity. https://bitsharestalk.org/index.php/topic,17934.0.html
If you thought IDentabit might be worth $3 million then that could make Brownies worth $600 000. So BTS holders may sell their BTS for Brownies if they believe they are significantly undervalued, as most will divert existing BTS rather than bring in new money, it could significantly lower the price of BTS especially when there is very little demand for BTS at the moment (And also merger shares and delegate dilution creating selling pressure as well.)
My second view which may be incorrect is that - one of the reasons people invested in PTS, AGS and then BTS was that there was a social consensus than anyone who used the BitShares toolkit and also received help from BitShares devs should drop a % of equity onto those holders. This is no longer the case because CNX own the new toolkit, Graphene. However Brownies are now BM's personal reward tokens. With the IDentabit precedent it seems they may be a sharedrop token for anything BM is part of and there is speculation they may also get CNX shares at some point. The fact that BTS isn't going to benefit from all Graphene DAC's makes it worth less and the fact that Brownies might makes them worth more, possibly moving value as well over time from BTS to Brownies.
& while correlation is not causation. Since the IDentabit announcement, BitShares has lost over 25% of its' value in the space of only 10 days.
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thank you for this answer
i didnt think that the brownis has anything to do with the price drop
i watch a lot of coins couse i have them
and all of them dorp
its the time being i guess
all of them are beta in best if not alfa status
i am a holder i see things on longterms
i walked with bitshares since the beginning and i updated all the versions ... smile
now i wait for 2.0 couse i think my lapi will handle that better then the privious wallets
( do we know a launch date yet? )
i was just courious how they think brownies did affect the price , couse i could not see a way brownies could do that
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.
https://bitsharestalk.org/index.php/topic,17354.0.html
They were recently given 20% equity in a new venture called IDentabit
https://bitsharestalk.org/index.php/board,96.0.html (Active BS community allocation)
There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene, that is being released on BitShares in the next few months.
You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.
Personally I'm not a fan.
it is news to me that you can sell brownies .... and why could them have affect on the price of bts ?
thought they are not at all conected ?
is there someone that could enlighten me ?
Brownies are being given 20% of IDentabits initial equity. https://bitsharestalk.org/index.php/topic,17934.0.html
If you thought IDentabit might be worth $3 million then that could make Brownies worth $600 000. So BTS holders may sell their BTS for Brownies if they believe they are significantly undervalued, as most will divert existing BTS rather than bring in new money, it could significantly lower the price of BTS especially when there is very little demand for BTS at the moment (And also merger shares and delegate dilution creating selling pressure as well.)
My second view which may be incorrect is that - one of the reasons people invested in PTS, AGS and then BTS was that there was a social consensus than anyone who used the BitShares toolkit and also received help from BitShares devs should drop a % of equity onto those holders. This is no longer the case because CNX own the new toolkit, Graphene. However Brownies are now BM's personal reward tokens. With the IDentabit precedent it seems they may be a sharedrop token for anything BM is part of and there is speculation they may also get CNX shares at some point. The fact that BTS isn't going to benefit from all Graphene DAC's makes it worth less and the fact that Brownies might makes them worth more, possibly moving value as well over time from BTS to Brownies.
Where does the fact that the entire Bitshares ecosystem will be powered by BTS transaction fees fit into this?
This premise makes BTS itself seem to be one dimensional when really it's not.
Can you clarify why this whole theory ignores this or does it fit in some way that hasn't been explained?
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I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..
On the contrary I would say that people started to dump Brownies in order to buy BTS..
What are Brownies? Sorry, noob.
The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.
https://bitsharestalk.org/index.php/topic,17354.0.html
They were recently given 20% equity in a new venture called IDentabit
https://bitsharestalk.org/index.php/board,96.0.html (Active BS community allocation)
There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene, that is being released on BitShares in the next few months.
You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.
Personally I'm not a fan.
it is news to me that you can sell brownies .... and why could them have affect on the price of bts ?
thought they are not at all conected ?
is there someone that could enlighten me ?
Brownies are being given 20% of IDentabits initial equity. https://bitsharestalk.org/index.php/topic,17934.0.html
If you thought IDentabit might be worth $3 million then that could make Brownies worth $600 000. So BTS holders may sell their BTS for Brownies if they believe they are significantly undervalued, as most will divert existing BTS rather than bring in new money, it could significantly lower the price of BTS especially when there is very little demand for BTS at the moment (And also merger shares and delegate dilution creating selling pressure as well.)
My second view which may be incorrect is that - one of the reasons people invested in PTS, AGS and then BTS was that there was a social consensus than anyone who used the BitShares toolkit and also received help from BitShares devs should drop a % of equity onto those holders. This is no longer the case because CNX own the new toolkit, Graphene. However Brownies are now BM's personal reward tokens. With the IDentabit precedent it seems they may be a sharedrop token for anything BM is part of and there is speculation they may also get CNX shares at some point. The fact that BTS isn't going to benefit from all Graphene DAC's makes it worth less and the fact that Brownies might makes them worth more, possibly moving value as well over time from BTS to Brownies.
& while correlation is not causation. Since the IDentabit announcement, BitShares has lost over 25% of its' value in the space of only 10 days
Where does the fact that the entire Bitshares ecosystem will be powered by BTS transaction fees fit into this?
This premise makes BTS itself seem to be one dimensional when really it's not.
Can you clarify why this whole theory ignores this or does it fit in some way that hasn't been explained?
Are you saying BTS will receive transaction fees from IDentabit and other projects Graphene is licensed too?
If you're saying BTS could be independently successful because BTS transaction fees will fund development and incentivise marketing then yes that's the aim and business model. It doesn't effect/change any of my above statements though?
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let me put together what i understood so far:
BM and devs did good work and did that on the money from foundraiseing at the beginning
as i recall i read somewhere it was about 2.3 mil
that money is spend (gone) none of them got rich
then they created a new company ( i dont recall the name right now)
and they give out licence couse that guys need to earn a living
bitshares 2.0 will be the last update for free
all the devs develop after that will be with licences you have to buy
if you want that
right ?
and brownies are just a reward for good work and helping the bitshares project
dintendbit ? where is that conected with it ?
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thank you for this answer
i didnt think that the brownis has anything to do with the price drop
i watch a lot of coins couse i have them
and all of them dorp
its the time being i guess
all of them are beta in best if not alfa status
i am a holder i see things on longterms
i walked with bitshares since the beginning and i updated all the versions ... smile
now i wait for 2.0 couse i think my lapi will handle that better then the privious wallets
( do we know a launch date yet? )
i was just courious how they think brownies did affect the price , couse i could not see a way brownies could do that
2.0 is looking very good :) I don't know the launch date but you can maybe see 2.0 here https://bitsharestalk.org/index.php/topic,18064.0.html It's very fast and easy to use.
You're right Brownies may not affect the price, it's possible though.
let me put together what i understood so far:
BM and devs did good work and did that on the money from foundraiseing at the beginning
as i recall i read somewhere it was about 2.3 mil
that money is spend (gone) none of them got rich
then they created a new company ( i dont recall the name right now)
and they give out licence couse that guys need to earn a living
bitshares 2.0 will be the last update for free
all the devs develop after that will be with licences you have to buy
if you want that
right ?
and brownies are just a reward for good work and helping the bitshares project
dintendbit ? where is that conected with it ?
I think BitShares 2.0 which uses Graphene will always be updated for BTS but if we want big new features then we will have to pay money, which is fair because the developers need to earn money and like you said the other money is gone.
The licence for Graphene owned by their new company CNX, will sell the license to some normal businesses that don't compete with BitShares so that they can make money and earn a living.
IDentabit is a new company the developers are giving a Graphene license too. It is like BTS except with BTS you don't need to give your name or details but with IDentabit you will need to give your details. That way more banks and other normal businesses can maybe work with it.
Yes Brownies are a reward for good work from Bytemaster and IDentabit has chosen to give them some shares maybe because it wants those people to want to do good work for IDentabit too.
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Are you saying BTS will receive transaction fees from IDentabit and other projects Graphene is licensed too?
If you're saying BTS could be independently successful because BTS transaction fees will fund development and incentivise marketing then yes that's the aim and business model. It doesn't effect/change any of my above statements though?
No, only CNX would receive any kind of transactions if there is such an arrangement with identabit.
I am saying that trading, markets, futures, bonds, refer transactions, bitassets, exchanges like CCEDK and BANX and BunkerDEX all will be running transactions that require BTS.
The narrative coming out of this thread is beginning to lean towards making BTS out as though its just a one trick pony coin to compare to things like a brownie UIA and identibit putting its value in a sharedrop? This outlook is extremely tunnel visioned and flawed if this is where these theories are coming from.
Come the introduction of 2.0 there is no more speculation as to the utility of BTS.. it's the supporting currency for an entire decentralized marketplace. It's what powers bitassets.. it's what makes multi-sigs possible.. it's what pays out refer bonuses.. the list goes on and on and on.
These theories on the price to me seem to just ignore the reality of what BTS value proposition will provide in 2.0.
I say it again though.. if you are looking for a reason why it's so low.. I say its because the big money players see all that I just stated and are driving the price/market down as much as possible as the release of 2.0 approaches so that they will realize 4X multiples inside of a very short period.
That's my take anyways.
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
It was a premonition :) Wait for it...
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
It was a premonition :) Wait for it...
:p
When the price goes down, it feels terrible, so people get angry. They say things and complain about things they wouldnt complain about if the price was doing well. It makes people doubt the project. This is all very natural. We need 2.0 and a rally really badly, and everyone will start to feel better.
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
It was a premonition :) Wait for it...
I honestly remember Ander's handle in a dream last night in bold and green □□ANDER□□ I thought that was a weird thing to dream about and now you say you had a dream BTS would go to 6400 sats overnight and green is the color of stock gains. So maybe it was a premonition...
Coming soon...
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
It was a premonition :) Wait for it...
I honestly remember Ander's handle in a dream last night in bold and green □□ANDER□□ I thought that was a weird thing to dream about and now you say you had a dream BTS would go to 6400 sats overnight and green is the color of stock gains. So maybe it was a premonition...
Coming soon...
+5% .. The heavy money driving down BTS now certainly would want things to go this way. :) A 5X in a month and a bit.. yes please.
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
It was a premonition :) Wait for it...
I honestly remember Ander's handle in a dream last night in bold and green □□ANDER□□ I thought that was a weird thing to dream about and now you say you had a dream BTS would go to 6400 sats overnight and green is the color of stock gains. So maybe it was a premonition...
Coming soon...
If only premonitions were an actual feature of reality, and not just your brain processing the information it knows and hopes for and is thinking about. :P
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
My first dream of Bitshares price increase in July 2014 came true. Since then my dreams of bitshares price spikes have not came true once!
I did have a dream, that bytemaster is an incarnation of an alien that Stan had contact with in his 20's. Stan made a sort of pact with the alien entity... although I'm not sure he realized it would reincarnate as his son. But it had to be that way so they could continue to work together so that their aim would be realized. I think Stan had to choose between his future wife and the alien. There was conflict in his life in this period over the contact. That was my dream - what I can remember anyways. I doubt it's true but it would hep to explain BM's amazingness.
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My partner had a dream last night of whales eating people... might be relevant. ? ;)
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If you guys are dreaming about bitshares increasing in value, then you are way too over invested...
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If you guys are dreaming about bitshares increasing in value, then you are way too over invested...
Not true, I occasionally have reams about prices of things that I have barely any investment in. :P
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
My first dream of Bitshares price increase in July 2014 came true. Since then my dreams of bitshares price spikes have not came true once!
I did have a dream, that bytemaster is an incarnation of an alien that Stan had contact with in his 20's. Stan made a sort of pact with the alien entity... although I'm not sure he realized it would reincarnate as his son. But it had to be that way so they could continue to work together so that their aim would be realized. I think Stan had to choose between his future wife and the alien. There was conflict in his life in this period over the contact. That was my dream - what I can remember anyways. I doubt it's true but it would hep to explain BM's amazingness.
Hmmm, maybe we should contact the Ancient Aliens show on History Channel and have them investigate this. There might be some credibility to this. [emoji1]
*edit- I'm in no way implying that your ancient Stan [emoji12]
Sent from my iPhone using Tapatalk
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I dreamed last night that BTS went to 6400 sats overnight, then woke up and was sad it was still under 1600.
lol!
My first dream of Bitshares price increase in July 2014 came true. Since then my dreams of bitshares price spikes have not came true once!
I did have a dream, that bytemaster is an incarnation of an alien that Stan had contact with in his 20's. Stan made a sort of pact with the alien entity... although I'm not sure he realized it would reincarnate as his son. But it had to be that way so they could continue to work together so that their aim would be realized. I think Stan had to choose between his future wife and the alien. There was conflict in his life in this period over the contact. That was my dream - what I can remember anyways. I doubt it's true but it would hep to explain BM's amazingness.
Hmmm, maybe we should contact the Ancient Aliens show on History Channel and have them investigate this. There might be some credibility to this. [emoji1]
*edit- I'm in no way implying that your ancient Stan [emoji12]
Sent from my iPhone using Tapatalk
Nah, Bytemaster stole Satoshi's time machine, and travelled even FURTHER into the future and then brought us back BTS to upgrade Bitcoin.
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(http://i57.tinypic.com/j0z1w4.jpg)
:P
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(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fdigitallifegroup.com%2Fwp-content%2Fuploads%2F2008%2F07%2Flucy-pr.jpg&sp=2ca39b239de265a09f665ac9086eadd4)
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BitShares went down to 100 satoshis last night because someone panic sold into the thin BTC buy wall on BTC38
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts
So someone picked up a few of the cheapest BTS ever.
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Was this a panic sell or a calculated move? Something tells me that the lower the price goes now, the more bts some people will be able to buy at 20-30M marketcap when bitshares 2 is ready(I'm talking about massive amounts) . You will only need to add a few posts of the "newmine school of thought" and everyone will start to dump, so we will have a massive change of bts ownership.
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BitShares went down to 100 satoshis last night because someone panic sold into the thin BTC buy wall on BTC38
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts
So someone picked up a few of the cheapest BTS ever.
:o That's just crazy.
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Was this a panic sell or a calculated move? Something tells me that the lower the price goes now, the more bts some people will be able to buy at 20-30M marketcap when bitshares 2 is ready(I'm talking about massive amounts) . You will only need to add a few posts of the "newmine school of thought" and everyone will start to dump, so we will have a massive change of bts ownership.
Looks like a combination of both to me. Whales pushing price down aggressively before the big move-up in the next few weeks/months (if BTS 2.0 actually gets released, that is). And people panicking and selling into buy orders. Makes sense if you think about it. Just remember that not even 2 weeks ago we were at 0.0347 CNY. And last time we hit 0.02 CNY, we jumped up to 0.0527 over the course of 2 weeks. Things change fast.
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BitShares went down to 100 satoshis last night because someone panic sold into the thin BTC buy wall on BTC38
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts
So someone picked up a few of the cheapest BTS ever.
Yum Yum
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BitShares went down to 100 satoshis last night because someone panic sold into the thin BTC buy wall on BTC38
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=bts
So someone picked up a few of the cheapest BTS ever.
:o That's just crazy.
Lol. I was prepared for that to happen on polo with a buy order in at low price . Didnt expect it on btc38. :(
I forgot about the btc/bts market at btc38, because no one uses it. Except apparently some idiot, last night who dumped.
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Hopefully BTS continue to fall lower over the next few weeks. I'm looking to buy some more pretty soon, but I'm looking to buy BTS way cheaper. 8)
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I have a large and continuing to grow quantity of BTS loaned out to people shorting. There are a lot of BTS sold short...
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I have a large and continuing to grow quantity of BTS loaned out to people shorting. There are a lot of BTS sold short...
Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.
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I have a large and continuing to grow quantity of BTS loaned out to people shorting. There are a lot of BTS sold short...
Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.
I would say it is likely we break below 6 million market cap. That would flush out a lot of the bitUSD shorts via margin calls. Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in. Effectively leaving them with massive losses and nothing. It's just how markets work, they screw as many people as possible.
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I have a large and continuing to grow quantity of BTS loaned out to people shorting. There are a lot of BTS sold short...
Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.
Almost no chance imo. Its possible that support will break and there is a momentary spike down caused by margin liquidation, and it you catch it you are lucky, but youre only going to get it if you have a buy order on the books. Its not goign to trade below this level for long, 1500 satoshis is the rock bottom long term support, there have only ever been a couple short spikes below it.
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I would say it is likely we break below 6 million market cap. That would flush out a lot of the bitUSD shorts via margin calls. Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in. Effectively leaving them with massive losses and nothing. It's just how markets work, they screw as many people as possible.
Maybe a spike. Do not be long BTS on margin right now. :P
Margin long BTS = asking to have all of it taken from you at the low.
Buy and hold BTS = you can ignore what happens and wait for 2.0 release.
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How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?
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How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?
Because price doesn't give a crap about how close we are to a new client. Most of the people trading BTS have very minimal knowledge of any bts events... all the people that follow BTS carefully are most likely fully invested. This means no more fundamental buyers, only traders. The trend is down and traders are pressing in the short direction. It will change eventually and there will be a short squeeze, but it won't have much to do with getting closer to a client release.
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How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?
Precisely because we have that solid client about to be released soon. People want to accumulate first so it's only logic to make it go as low as possible to buy as much as they can. At least that's what I think makes sense.
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I would say it is likely we break below 6 million market cap. That would flush out a lot of the bitUSD shorts via margin calls. Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in. Effectively leaving them with massive losses and nothing. It's just how markets work, they screw as many people as possible.
A break below $6M seems very possible to me too.
Maybe a spike. Do not be long BTS on margin right now. :P
Margin long BTS = asking to have all of it taken from you at the low.
Buy and hold BTS = you can ignore what happens and wait for 2.0 release.
Buying $BTS below $6M would be a great ROI IMHO. My only concern is that it won't trade below $6M that long if the release of 2.0 come out sooner than expected. I'm willing to wait until 4th qtr 2015 - 1st qtr 2016 for 2.0 to release. I'm trying to buy as much BTS as I could until 2.0 released. I say the cheaper the better. If BTS trade below $5M-$6M until 2.0 is released it could be the start of a great rally. Especially if 2.0 is up to par with expectations.
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I'm very new at looking and trying to understand charts.
The buy wall of 60 BTC on polo at .000014 doesn't mean that price will have an hard time to go downer .000014 ??
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I'm very new at looking and trying to understand charts.
The buy wall of 60 BTC on polo at .000014 doesn't mean that price will have an hard time to go downer .000014 ??
Yes. Unless the wall is removed by whoever put it there (walls sometimes are unreliable).
However, 3M BTS is a wall but its not a really big wall, there are regularly multimillion BTS dumps on btc38 for example.
The most important factor here is that we are at long term support, every time that BTS has hit these satoshi levels it has been the bottom and it has gone up afterwards. (Except for short spikes below this level).
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Thanks for the explanations guys ;)
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Someone has started pumping it up it seems, several spikes higher. I sold all the sub 1500 bts that I bought in the mid 1600s, and put it up in a new buywall near 1500 again. (If I never get the BTS back I am happy, because it means the bottom was already in).
Gotta build the buywalls.
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Someone has started pumping it up it seems, several spikes higher. I sold all the sub 1500 bts that I bought in the mid 1600s, and put it up in a new buywall near 1500 again. (If I never get the BTS back I am happy, because it means the bottom was already in).
Gotta build the buywalls.
Udaman!
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Buys at 1500 already hit, wow.
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Buys at 1500 already hit, wow.
look at BTC you'll know why
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Buys at 1500 already hit, wow.
look at BTC you'll know why
1) It happened before the drop in BTC
2) Its priced in satoshis, so the BTS/BC ratio doesnt necessarily change just because BTC drops.
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
I could sneeze and get rid of that 70BTC buy wall. Too funny.
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I see NuBits did over $100k volume and Tether $500k in the small BTC sell-off. So regardless of the short term BTS price, there's a definite market demand for a more liquid BitUSD.
I have less number of trades and a much higher return for about the same amount traded. ;)
I could sneeze and get rid of that 70BTC buy wall. Too funny.
Wow, really!! I'm so impressed!! Not...
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Earned 3.7 BTC this week by shorting BTC .....
Using it to buy BTS . :P
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
I could sneeze and get rid of that 70BTC buy wall. Too funny.
Why don't you sneeze the other way around and you doble up this buy wall. That would discourage sellers, motivate buyers, we would make our bottom, price go up, everybody is happy, positive vibes in the community, bts 2.0 is released, ... sharedrops, brownies, unicorns ...
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Earned 3.7 BTC this week by shorting BTC .....
"Wages of sin!" :P
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
I could sneeze and get rid of that 70BTC buy wall. Too funny.
Why don't you sneeze the other way around and you doble up this buy wall. That would discourage sellers, motivate buyers, we would make our bottom, price go up, everybody is happy, positive vibes in the community, bts 2.0 is released, ... sharedrops, brownies, unicorns ...
Wait.. unicorns sharedrop now?! I can't keep up with all the bonuses BitShares holders are getting these days.
Will the unicorns however compete with BitShares.. this is the eternal default question we must all continue to ask. :)
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Will unicorns will compete with brownies ? Will they make the price fall even more ? Are they part of a diabolic plan from Cryptonomex ?
Indeed, it's hard to keep up !!! ;p
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Wait.. unicorns sharedrop now?! I can't keep up with all the bonuses BitShares holders are getting these days.
Will the unicorns however compete with BitShares.. this is the eternal default question we must all continue to ask. :)
Never forget! (http://i.imgur.com/gKnULIy.jpg)
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Will unicorns will compete with brownies ? Will they make the price fall even more ? Are they part of a diabolic plan from Cryptonomex ?
Indeed, it's hard to keep up !!! ;p
As a poker player you should know not to bet on a shell game if you're not the dealer.
(http://images.penguinmagic.com/images/products/original/1107a.jpg)
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Wait.. unicorns sharedrop now?! I can't keep up with all the bonuses BitShares holders are getting these days.
Will the unicorns however compete with BitShares.. this is the eternal default question we must all continue to ask. :)
Never forget! (http://i.imgur.com/gKnULIy.jpg)
Hahahaha... that was awesome. :) +5% Tuck.. please submit that for brownies :)
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Will unicorns will compete with brownies ? Will they make the price fall even more ? Are they part of a diabolic plan from Cryptonomex ?
Indeed, it's hard to keep up !!! ;p
As a poker player you should know not to bet on a shell game if you're not the dealer.
(http://images.penguinmagic.com/images/products/original/1107a.jpg)
Yep, I do know that ;)
I having a hard time understanding your metaphore ... Who's the dealer in this case ? [emoji15]
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Hahahaha... that was awesome. :) +5% Tuck.. please submit that for brownies :)
:P
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In this bts game we can chose to take a look at the 3 shells and win all the time !
Everybody is free to have part of his stake in bts and another part in brownies. So you are sure to be sharedrop in any case.
I think people are realising it because in one week, the cheaper brownies moved from 3 bts to 12 bts each !!!!
If I knew that, I would have bought some at 3-4 bts ... wait ... I knew that ;p ;p ;p
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I having a hard time understanding your metaphore ... Who's the dealer in this case ? [emoji15]
Dan. He's incredibly talented, so it's almost a guarantee that at some point he will put all the pieces together and create a massive financial success.
Post merger most of his and the team's value seemed to be under the BitShares shell. Today that potential value is more dispersed among a CNX/IDentabit/BTS/Brownie shell. It's obviously up to him where he wants to direct the majority of his future efforts which is why until one of them is independently profitable and successful, it's more of a shell game than it used to be.
As my signature says - 'If you want to take the island, burn the boats.' Which is a reference to Cortes. It means wherever possible, that if you want a business to be a success you need to 'burn the boats' - leave no other options. So that your supporters and your investors can all get fully behind you & that business.
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I see NuBits did over $100k volume and Tether $500k in the small BTC sell-off. So regardless of the short term BTS price, there's a definite market demand for a more liquid BitUSD.
I have less number of trades and a much higher return for about the same amount traded. ;)
I could sneeze and get rid of that 70BTC buy wall. Too funny.
Wow, really!! I'm so impressed!! Not...
Wasn't trying to impress. Just don't get why people get overly excited over tiny scalp trades or a buy wall of measly 70BTC. Given the market cap it really is meaningless.
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I guess some of us arent as big of whales as you bitmeat, and are excited by smaller amounts.
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Anyone who thinks 70 btc (over $15k dollars) isn't a lot of money most likely already has way too much money themselves...lol
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
How much % interest do you get loaning out your BTS on polo?
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The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now. That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them). The ones I had available all got borrowed and shorted. Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom. (of course, it could go down more first)
How much % interest do you get loaning out your BTS on polo?
A bit under .1% a day. Around .08 to .09%. So with Around 200k on loan i'm getting a bit under 200 BTS a day. Maybe 160 or so. Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.
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Anyone who thinks 70 btc (over $15k dollars) isn't a lot of money most likely already has way too much money themselves...lol
But as % of BTS market cap it's a very tiny % that was my point.
Also - there is no such thing as too much money. :)
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A bit under .1% a day. Around .08 to .09%. So with Around 200k on loan i'm getting a bit under 200 BTS a day. Maybe 160 or so. Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.
Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS - the bond market is going to be awesome.
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A bit under .1% a day. Around .08 to .09%. So with Around 200k on loan i'm getting a bit under 200 BTS a day. Maybe 160 or so. Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.
Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS - the bond market is going to be awesome.
+5%
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A bit under .1% a day. Around .08 to .09%. So with Around 200k on loan i'm getting a bit under 200 BTS a day. Maybe 160 or so. Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.
Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS - the bond market is going to be awesome.
The only reason people pay that much is that they are borrowing it to short, via margin trading.
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A bit under .1% a day. Around .08 to .09%. So with Around 200k on loan i'm getting a bit under 200 BTS a day. Maybe 160 or so. Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.
Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS - the bond market is going to be awesome.
The only reason people pay that much is that they are borrowing it to short, via margin trading.
And they are paying a risk premium to the lender for the counterparty risk of a centralized exchange. The bond market is going to be amazing, but I would expect significantly lower interest rates.
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It looks like the massive amount of shorting of BTS that was happening on polo is decreasing. The lending rates are down to like .05% and there seem to be a lot less BTS shorted. Maybe the bottom is in.
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Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching ? 2 ? 1 ? A few days ?
Any guess ?
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Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching ? 2 ? 1 ? A few days ?
Any guess ?
My guess is, as of your post the price will start rising out of anticipation of everyone doing the same (buying b4 the others get in). You my friend have just created "the rise".
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I wish it would be that simple ! ;p
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Any predictions on the price post release? I've already had happier thoughts, now I would be happy if we hit $0.015
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Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching ? 2 ? 1 ? A few days ?
Any guess ?
2-3 days before the announce ;)
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I wish it would be that simple ! ;p
Hey man have faith, we're already up .00000002 since your post! ;D
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Damn ... it's working !!!
I'm going to troll my comment everywhere on the net !!!
Tomorow, when you'll wake up, you'll get a surprise ... 0.03$ will be back !!!
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Damn ... it's working !!!
I'm going to troll my comment everywhere on the net !!!
Tomorow, when you'll wake up, you'll get a surprise ... 0.03$ will be back !!!
I'm way ahead of you
https://www.reddit.com/r/BitShares/comments/3igf56t/EstefanTT_says_hes_pumping_BitShares_to_3_cents/
:P
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Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching ? 2 ? 1 ? A few days ?
Any guess ?
2-3 days before the announce ;)
It's what I had in mind. A pump a few days before the announcements. But I suspect the price will fall after the announcements and before the release. Not as low as now but something.
Maybe a fall during the first week, consolidation during the 2nd one and then ... Buckle up !!!
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Damn ... it's working !!!
I'm going to troll my comment everywhere on the net !!!
Tomorow, when you'll wake up, you'll get a surprise ... 0.03$ will be back !!!
I'm way ahead of you
https://www.reddit.com/r/BitShares/comments/3igf56t/EstefanTT_says_hes_pumping_BitShares_to_3_cents/
[emoji14]
Lol ... I click on the link ;p ;p
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Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching ? 2 ? 1 ? A few days ?
Any guess ?
"just weeks away" - Stan Larimer (https://bitcointalk.org/index.php?topic=1163186.msg12253802#msg12253802)
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Weeks away !!! Nice !!!
If we considère that 8 weeks are 2 months, if the release would have been set for more than 8 weeks Stan would have said : "month away"
We can asume it's less than 8 weeks. There is 4 weeks for the "test phase". So we are less than 3 weeks for the announcement. As said before, the price would start to rise a few day before the announcement.
So we have, from now, maximum 2 weeks and half more having to watch these ridiculous prices and then ... the fun begin !!!
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Weeks away !!! Nice !!!
If we considère that 8 weeks are 2 months, if the release would have been set for more than 8 weeks Stan would have said : "month away"
We can asume it's less than 8 weeks. There is 4 weeks for the "test phase". So we are less than 3 weeks for the announcement. As said before, the price would start to rise a few day before the announcement.
So we have, from now, maximum 2 weeks and half more having to watch these ridiculous prices and then ... the fun begin !!!
I like your thinking bro. Let's just hope we can maintain the timeline. Really don't feel like going through another "November" like last year...
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Weeks away !!! Nice !!!
If we considère that 8 weeks are 2 months, if the release would have been set for more than 8 weeks Stan would have said : "month away"
We can asume it's less than 8 weeks. There is 4 weeks for the "test phase". So we are less than 3 weeks for the announcement. As said before, the price would start to rise a few day before the announcement.
So we have, from now, maximum 2 weeks and half more having to watch these ridiculous prices and then ... the fun begin !!!
I like your thinking bro. Let's just hope we can maintain the timeline. Really don't feel like going through another "November" like last year...
I really don't have the feeling that devs won't respect the timeline. They already saw the difficulty of planning a release date. They are all smart people. If they say, officially, a few weeks left, I think they are pretty sure that that won't disappoint anyone this time.
We are almost there !!!
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Itll probably end up being something like Nov 30, and then they will joke that a year ago when they said 'November', it was referring to 2015. :p
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(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2F4.bp.blogspot.com%2F-wFpHpqHGdqI%2FTm1WrhVG0XI%2FAAAAAAAASGs%2FoqDT9rAUra0%2Fs1600%2F42-23902488.jpg&sp=342c21711705812fe832815b1756aefe)
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Dear bears, please hold it down for another month so I can get a bunch more money in that I have coming. :P
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(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2F4.bp.blogspot.com%2F-wFpHpqHGdqI%2FTm1WrhVG0XI%2FAAAAAAAASGs%2FoqDT9rAUra0%2Fs1600%2F42-23902488.jpg&sp=342c21711705812fe832815b1756aefe)
my wild guess...
[EDIT] I have a feeling that Newmine will make his appearance very soon... :D
(http://i.imgur.com/UE1amb0.jpg)
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Dear bears, please hold it down for another month so I can get a bunch more money in that I have coming. :P
Noooooooooooo!
You may have a gambling problem.
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(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2F4.bp.blogspot.com%2F-wFpHpqHGdqI%2FTm1WrhVG0XI%2FAAAAAAAASGs%2FoqDT9rAUra0%2Fs1600%2F42-23902488.jpg&sp=342c21711705812fe832815b1756aefe)
my wild guess...
[EDIT] I have a feeling that Newmine will make his appearance very soon... :D
And why is that? Been here the whole time barely posting and this thing has dropped like Skylab.
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
maybe cryptsy is dumping "their" sharedropped BTS
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almost all people think BTS share holders want the price up, it's wrong very much.
there are some people, they have many many BTS, but all these BTS is not belong to themself, in fact they owe much BTS.
I told many times, we must withdraw the BTS from exchange which refuse to prove they have 100% backup.
but it's not work, more and more BTS have borrowed to these bad people, and the price have to drop continue.
I am waiting the bubble bomb. I think this will happen when BTS2.0 release.
I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
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It would be interesting to see data on short interest at poloniex. Poloniex now has 43% of total volume for bts.
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And why is that? Been here the whole time barely posting and this thing has dropped like Skylab.
You just confirmed your role on this forum one more time. :)
(http://i.imgur.com/3HpLfo5.jpg)
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It would be interesting to see data on short interest at poloniex. Poloniex now has 43% of total volume for bts.
It was really high earlier this week but has gone back down now. You cant get exact numbers but you can tell in general if many poeple are shorting or not based on what the loan rate is.
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
The platform right now isnt working for many people. I cant get the client to sync right now, for example.
We really need 2.0 to solve all the client issues and give us a usable product. But its going to happen, they are pretty close and have already shown us what its going to be like.
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almost all people think BTS share holders want the price up, it's wrong very much.
there are some people, they have many many BTS, but all these BTS is not belong to themself, in fact they owe much BTS.
I told many times, we must withdraw the BTS from exchange which refuse to prove they have 100% backup.
but it's not work, more and more BTS have borrowed to these bad people, and the price have to drop continue.
I am waiting the bubble bomb. I think this will happen when BTS2.0 release.
Any entity that actually owed a bunch of BTS to others isnt a shareholder, they would be short.
Are you referring to btc38? At lest we know that their cold wallet address has a lot of BTS in it.
A ton of volume has left btc38 and moved to poloniex. I believe polo is overtaking them and becoming the #1 BTS exchange.
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
It really is preservation of capital.
With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.
Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.
There really is no mystery why. There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.
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And why is that? Been here the whole time barely posting and this thing has dropped like Skylab.
You just confirmed your role on this forum one more time. :)
(http://i.imgur.com/3HpLfo5.jpg)
The end of the upturn or downturn?
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
It really is preservation of capital.
With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.
Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.
There really is no mystery why. There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.
You could've just said "typical software development".
What is very unfortunate about the small holders that have been spooked by people like you (especially you) is that most of them have most probably never been involved in a software development project before and don't understand that these kind of delays are not only completely normal, but should be expected and planned for.
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
How many crypto decentralized exchanges had been built before Bitshares?
Yeah.
What's more interesting about Bitshares is that there actually exists a functioning client and blockchain that has been operating for over a year (with a functioning GUI :o !!!) - and is about to release with a rewritten, more functional and streamlined version within the next 2-3 months (any somewhat experienced investor should not flinch if it were to take longer). The funny thing here is that you are probably the single most responsible one here at shaking out the weak hands (ie - making the poor, poorer and the rich, richer)
But keep at it, by all means - Mr. Numine - you have certainly helped people like me obtain far more BTS than I would have thought possible last year at this time. What you have been doing might be very good for you and the people that can easily see through you, but you are hurting those that can't - and you know what you are doing.
I just can't believe so many here let you slide with it until now.
It's one thing to take advantage of personal knowledge for personal gain - it's completely different to bait those lacking knowledge with FUD.
Monty
;)
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If BTS ever gets back to 2 cents, I will make a big thread thanking NewMine for fudding enough people out of Bitshares to get it down this low and let me buy cheap shares. :P
If last November, Bitshares had gone to the moon, I would have made a bit of money. If it does it now though, I'll make a ton. I probably have more than 10x as many BTS now as I did back then.
-
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements. They suffer from planning fallacy pretty bad it seems.
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P
Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.
-
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements. They suffer from planning fallacy pretty bad it seems.
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P
Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.
This depends on your perception, I believe.
Project coordinators dream about having software developers with the work ethic, foresight and ability to continuously re-examine the current status of their product half as good as this team has demonstrated. What you don't want is developers without ambition, because that is all you're asking for with a more "realistic" and longer estimated development time.
This is the part of the calculation that must be done on the investor end (this is also the part that newmine is using to abuse those with less experience).
As far as I am concerned, and as someone who has been around everyday since the beginning (this is not meant to be said as holier-than-thou, merely that I have been around from the original promises to today - everyday), BTSX launch + immediate repairs = delivered product. What we are seeing with 2.0 is an extra and improved build on the original which has been had for mere scraps of dilution.
Whatever promises each investing individual were most valuing and counting on are also not clear - the fact that they are not set in stone is one of the most positive aspects of Bitshares and bytemaster's leadership. Bitshares has swerved and pivoted when new information became available. This development has been a continuous evolution, if bytemaster had been so hard headed as to stick to the initial day 1 plans, it's very possible this project would be all but dead and everybody's investment would be much closer to zero.
As far as I am concerned, Ethereum has not yet launched.
Can you imagine the backlash bytemaster and team would have received merely suggesting an "official" launch without a GUI?
-
I do think what we will get in 2.0 is going to be worth all of this wait, for sure. Most of the pivoting was a great idea, even if painful.
While I wish the announced dates for things were closer to reality, by now I know that I jut have to wait until they are missed, and then buy cheap BTS, and then profit later when they actually happen. ;)
-
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements. They suffer from planning fallacy pretty bad it seems.
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P
Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.
This depends on your perception, I believe.
Project coordinators dream about having software developers with the work ethic, foresight and ability to continuously re-examine the current status of their product half as good as this team has demonstrated. What you don't want is developers without ambition, because that is all you're asking for with a more "realistic" and longer estimated development time.
This is the part of the calculation that must be done on the investor end (this is also the part that newmine is using to abuse those with less experience).
As far as I am concerned, and as someone who has been around everyday since the beginning (this is not meant to be said as holier-than-thou, merely that I have been around from the original promises to today - everyday), BTSX launch + immediate repairs = delivered product. What we are seeing with 2.0 is an extra and improved build on the original which has been had for mere scraps of dilution.
Whatever promises each investing individual were most valuing and counting on are also not clear - the fact that they are not set in stone is one of the most positive aspects of Bitshares and bytemaster's leadership. Bitshares has swerved and pivoted when new information became available. This development has been a continuous evolution, if bytemaster had been so hard headed as to stick to the initial day 1 plans, it's very possible this project would be all but dead and everybody's investment would be much closer to zero.
As far as I am concerned, Ethereum has not yet launched.
Can you imagine the backlash bytemaster and team would have received merely suggesting an "official" launch without a GUI?
Really well said. I couldn't agree more. Even without Bitshares2.0/Graphene, what the dev team and supporting community members have accomplished to date is monumental. For that reason, it feels like an ocean of potential will soon be released.
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
It really is preservation of capital.
With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.
Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.
There really is no mystery why. There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.
You could've just said "typical software development".
What is very unfortunate about the small holders that have been spooked by people like you (especially you) is that most of them have most probably never been involved in a software development project before and don't understand that these kind of delays are not only completely normal, but should be expected and planned for.
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
How many crypto decentralized exchanges had been built before Bitshares?
Yeah.
What's more interesting about Bitshares is that there actually exists a functioning client and blockchain that has been operating for over a year (with a functioning GUI :o !!!) - and is about to release with a rewritten, more functional and streamlined version within the next 2-3 months (any somewhat experienced investor should not flinch if it were to take longer). The funny thing here is that you are probably the single most responsible one here at shaking out the weak hands (ie - making the poor, poorer and the rich, richer)
But keep at it, by all means - Mr. Numine - you have certainly helped people like me obtain far more BTS than I would have thought possible last year at this time. What you have been doing might be very good for you and the people that can easily see through you, but you are hurting those that can't - and you know what you are doing.
I just can't believe so many here let you slide with it until now.
It's one thing to take advantage of personal knowledge for personal gain - it's completely different to bait those lacking knowledge with FUD.
Monty
;)
I think in amateur software yes but after you are experienced an estimate gets better.
-
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements. They suffer from planning fallacy pretty bad it seems.
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P
Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.
This depends on your perception, I believe.
Project coordinators dream about having software developers with the work ethic, foresight and ability to continuously re-examine the current status of their product half as good as this team has demonstrated. What you don't want is developers without ambition, because that is all you're asking for with a more "realistic" and longer estimated development time.
This is the part of the calculation that must be done on the investor end (this is also the part that newmine is using to abuse those with less experience).
As far as I am concerned, and as someone who has been around everyday since the beginning (this is not meant to be said as holier-than-thou, merely that I have been around from the original promises to today - everyday), BTSX launch + immediate repairs = delivered product. What we are seeing with 2.0 is an extra and improved build on the original which has been had for mere scraps of dilution.
Whatever promises each investing individual were most valuing and counting on are also not clear - the fact that they are not set in stone is one of the most positive aspects of Bitshares and bytemaster's leadership. Bitshares has swerved and pivoted when new information became available. This development has been a continuous evolution, if bytemaster had been so hard headed as to stick to the initial day 1 plans, it's very possible this project would be all but dead and everybody's investment would be much closer to zero.
As far as I am concerned, Ethereum has not yet launched.
Can you imagine the backlash bytemaster and team would have received merely suggesting an "official" launch without a GUI?
(http://i57.tinypic.com/2cdwhzb.jpg)
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I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..
It really is preservation of capital.
With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.
Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.
There really is no mystery why. There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.
You could've just said "typical software development".
What is very unfortunate about the small holders that have been spooked by people like you (especially you) is that most of them have most probably never been involved in a software development project before and don't understand that these kind of delays are not only completely normal, but should be expected and planned for.
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
How many crypto decentralized exchanges had been built before Bitshares?
Yeah.
What's more interesting about Bitshares is that there actually exists a functioning client and blockchain that has been operating for over a year (with a functioning GUI :o !!!) - and is about to release with a rewritten, more functional and streamlined version within the next 2-3 months (any somewhat experienced investor should not flinch if it were to take longer). The funny thing here is that you are probably the single most responsible one here at shaking out the weak hands (ie - making the poor, poorer and the rich, richer)
But keep at it, by all means - Mr. Numine - you have certainly helped people like me obtain far more BTS than I would have thought possible last year at this time. What you have been doing might be very good for you and the people that can easily see through you, but you are hurting those that can't - and you know what you are doing.
I just can't believe so many here let you slide with it until now.
It's one thing to take advantage of personal knowledge for personal gain - it's completely different to bait those lacking knowledge with FUD.
Monty
;)
Hey Munty, whatever makes you feel nice and toasty inside with your poor investment decisions.
You should visit the technical help threads if you really think the current client/GUI is working fine.
As for shitty Ethereum, according to your qualifications for Bitshares, ETH meets them too. They have a functioning blockchain.
-
Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.
I agree, but the TS dev eam shouldve maybe tried to be a bit more realistic with their announcements. They suffer from planning fallacy pretty bad it seems.
Ethereum managed to be only like 6 months late, but Bitshares is closer to a year late on promises now. :P
Still, it just shows you how hard what we are doing is, and how difficult it will be for anyone else to copy it and compete.
This depends on your perception, I believe.
Project coordinators dream about having software developers with the work ethic, foresight and ability to continuously re-examine the current status of their product half as good as this team has demonstrated. What you don't want is developers without ambition, because that is all you're asking for with a more "realistic" and longer estimated development time.
This is the part of the calculation that must be done on the investor end (this is also the part that newmine is using to abuse those with less experience).
As far as I am concerned, and as someone who has been around everyday since the beginning (this is not meant to be said as holier-than-thou, merely that I have been around from the original promises to today - everyday), BTSX launch + immediate repairs = delivered product. What we are seeing with 2.0 is an extra and improved build on the original which has been had for mere scraps of dilution.
Whatever promises each investing individual were most valuing and counting on are also not clear - the fact that they are not set in stone is one of the most positive aspects of Bitshares and bytemaster's leadership. Bitshares has swerved and pivoted when new information became available. This development has been a continuous evolution, if bytemaster had been so hard headed as to stick to the initial day 1 plans, it's very possible this project would be all but dead and everybody's investment would be much closer to zero.
As far as I am concerned, Ethereum has not yet launched.
Can you imagine the backlash bytemaster and team would have received merely suggesting an "official" launch without a GUI?
As investors, do we really think this next iteration will be the final version? I have my doubts. I have a feeling MPA's will be difficult to get right, but eventually the correct formula will be found. Bitshares has been rebooted twice now. First with the "merger" and now with 2.0. I could foresee another reboot being necessary if this next version doesn't go exactly according to plan, but at least the dev team is willing to take on that task if necessary and not just try to patch things up if it doesn't work.
Ethereum has done a better job at underpromising and overdelivering, marketing 101. They basically have told average users to stay far, far away with the frontier release. In hindsight, bitshares should have done the same with their first release. Realistically, both projects are probably near the same stage of development. Ethereum has said it would be another year before a fairly stable user version is available. I would expect bitshares to follow the same trajectory. In 5 years we should have stable platforms for which to conduct all things finance, but it is just unrealistic to expect it anytime soon. Who knows, maybe 2.0 will overdeliver, but it will be hard to overcome the hype yet again.
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Ethereum has said it would be another year before a fairly stable user version is available. I would expect bitshares to follow the same trajectory. In 5 years we should have stable platforms for which to conduct all things finance, but it is just unrealistic to expect it anytime soon. Who knows, maybe 2.0 will overdeliver, but it will be hard to overcome the hype yet again.
Success means different things to different people. For this project alone success to some is if we get anyone outside of the crypto community to pause and critically think about their financial environment. For others the market cap needs to reach $1BB USD before it's considered a success.
If we look at ambitious software projects that have stood on the shoulders of giants (OSX->FreeBSD, Windows->Xerox, Linux->Unix, BTS->BTC) "success" came long before what anyone would consider a viable product.
For me success means I can work in crypto full time and support the lifestyle my current corporate gig provides. I think the timeline on that is much shorter than five years for those willing to put a bit of sweat equity into a project.
-
...
Ethereum has done a better job at underpromising and overdelivering, marketing 101. They basically have told average users to stay far, far away with the frontier release. In hindsight, bitshares should have done the same with their first release. Realistically, both projects are probably near the same stage of development.
...
I think we can take a leaf out of Ethereum's 'under promised and over delivered' approach. Investors jumped in joyful celebration when Ethereum delivered their first working version.
Bitshares or rather CNX has 'promised' a number of new features with BTS 2.0 - '1 second block intervals', 'over 100,000 transactions per second', 'user-friendly hosted wallet interface', 'financial smart contract features', 'tools for community feedback', 'referral system', 'developer-friendly and extensible codebase', and 'Transferable Named Accounts'.
Investors are not too happy but OK with the promised features delivered 2-month late, 6-month late or even 1-year later than the estimated delivery date - as long as Bitshares delivers all these wonderful promised features. But they are certainly NOT OK with a 2-month or 6-month late delivery with one or worst, more of the promised features removed or reduced with so-called compromises.
Let's surprise our investors with 'over joy' rather than 'deep disappointment'.
-
I think in amateur software yes but after you are experienced an estimate gets better.
I agree.
However, I don't think anybody here can truly be called "experienced" - this is all new stuff, and many of these achievements are completely new.
I'd expect that bytemaster's/CNX's estimates for custom plug and tweak enterprise chains will be much more accurate in the next few years as he gains more experience.
-
Ethereum has done a better job at underpromising and overdelivering, marketing 101. They basically have told average users to stay far, far away with the frontier release. In hindsight, bitshares should have done the same with their first release. Realistically, both projects are probably near the same stage of development. Ethereum has said it would be another year before a fairly stable user version is available. I would expect bitshares to follow the same trajectory. In 5 years we should have stable platforms for which to conduct all things finance, but it is just unrealistic to expect it anytime soon. Who knows, maybe 2.0 will overdeliver, but it will be hard to overcome the hype yet again.
I really think perceptions and community expectations and changes are playing a lot more into what you are saying than what was originally promised. I may be completely wrong, as I give Ethereum about 5% the amount of attention I give Bitshares, but during their fundraiser, did they claim that average users would have to stay far, far away from their first official release? What was their original promise? What did they deliver? How the heck is that Marketing 101? I would suggest that their developer names, personal networking and community environment has a lot more to do with the massive forgiveness I've seen regarding that release.
Again, perceptions.
I'm still confused at how anybody can consider their current release as official - I think it does show some computer programmers can live comfortably inside their own small world by managing to interpret a CLI as an official release, while the rest (the probable majority of people that actually financed the project) have no realistic way to access the network.
Aside from that, I do think your listed time frame is probably a lot more accurate for heavy hitters and investment (but I wouldn't mind it come sooner ;) )
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I really think perceptions and community expectations and changes are playing a lot more into what you are saying than what was originally promised. I may be completely wrong, as I give Ethereum about 5% the amount of attention I give Bitshares, but during their fundraiser, did they claim that average users would have to stay far, far away from their first official release? What was their original promise? What did they deliver? How the heck is that Marketing 101? I would suggest that their developer names, personal networking and community environment has a lot more to do with the massive forgiveness I've seen regarding that release.
Again, perceptions.
I remember the ethereum camp saying things such as "the initial stages will have many bugs and problems, if there is ever an initial release at all." - not exact quotes, and the bitshares camp saying things such as "there will be many separate blockchains for many different functions and if you buy pts, then you get a stake in all of it." That obviously never happened. Maybe i just perceive ethereum as being much more conservative and realistic in their approach and I could really care less about PR, but other people might care.
Anyway, i am much more heavily invested in bts because I think the tech and vision is simply better at solving many of the greatest financial problems that have plagued mankind for centuries, and that is very exciting to be a part of.
-
...
Ethereum has done a better job at underpromising and overdelivering, marketing 101. They basically have told average users to stay far, far away with the frontier release. In hindsight, bitshares should have done the same with their first release. Realistically, both projects are probably near the same stage of development.
...
I think we can take a leaf out of Ethereum's 'under promised and over delivered' approach. Investors jumped in joyful celebration when Ethereum delivered their first working version.
Bitshares or rather CNX has 'promised' a number of new features with BTS 2.0 - '1 second block intervals', 'over 100,000 transactions per second', 'user-friendly hosted wallet interface', 'financial smart contract features', 'tools for community feedback', 'referral system', 'developer-friendly and extensible codebase', and 'Transferable Named Accounts'.
Investors are not too happy but OK with the promised features delivered 2-month late, 6-month late or even 1-year later than the estimated delivery date - as long as Bitshares delivers all these wonderful promised features. But they are certainly NOT OK with a 2-month or 6-month late delivery with one or worst, more of the promised features removed or reduced with so-called compromises.
Let's surprise our investors with 'over joy' rather than 'deep disappointment'.
Well said!
-
...
Ethereum has done a better job at underpromising and overdelivering, marketing 101. They basically have told average users to stay far, far away with the frontier release. In hindsight, bitshares should have done the same with their first release. Realistically, both projects are probably near the same stage of development.
...
I think we can take a leaf out of Ethereum's 'under promised and over delivered' approach. Investors jumped in joyful celebration when Ethereum delivered their first working version.
Bitshares or rather CNX has 'promised' a number of new features with BTS 2.0 - '1 second block intervals', 'over 100,000 transactions per second', 'user-friendly hosted wallet interface', 'financial smart contract features', 'tools for community feedback', 'referral system', 'developer-friendly and extensible codebase', and 'Transferable Named Accounts'.
Investors are not too happy but OK with the promised features delivered 2-month late, 6-month late or even 1-year later than the estimated delivery date - as long as Bitshares delivers all these wonderful promised features. But they are certainly NOT OK with a 2-month or 6-month late delivery with one or worst, more of the promised features removed or reduced with so-called compromises.
Let's surprise our investors with 'over joy' rather than 'deep disappointment'.
Well said!
+5%
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In hindsight, bitshares should have done the same with their first release.
So this *GENERAL WARNING* is placed here as a caution to all:
BitShares is an industry under development.
You have a chance to participate in that development.
Its products are highly experimental, immature, and full of bugs.
They have been made available so early adopters can help test them.
They are likely to break on you at the worst possible time.
You should not trust them.
You should double check everything they do.
You should experiment with very small amounts before doing anything big.
You should not do anything big.
You should realize that what worked yesterday should be double-checked today.
We could wait until it is perfect before letting you participate.
But by then the rewards you might get would be reduced by as much as the risks.
That's why the disclaimer you accepted before you could first launch the software warned that the software comes with no guarantees to be good for anything at all.
Yeah @Stan why didn't you warn us?! :P
-
In hindsight, bitshares should have done the same with their first release.
So this *GENERAL WARNING* is placed here as a caution to all:
BitShares is an industry under development.
You have a chance to participate in that development.
Its products are highly experimental, immature, and full of bugs.
They have been made available so early adopters can help test them.
They are likely to break on you at the worst possible time.
You should not trust them.
You should double check everything they do.
You should experiment with very small amounts before doing anything big.
You should not do anything big.
You should realize that what worked yesterday should be double-checked today.
We could wait until it is perfect before letting you participate.
But by then the rewards you might get would be reduced by as much as the risks.
That's why the disclaimer you accepted before you could first launch the software warned that the software comes with no guarantees to be good for anything at all.
Yeah @Stan why didn't you warn us?! :P
Uhmm, is this the part, when someone posts "apply ice to the burnt area" meme? :p
-
In hindsight, bitshares should have done the same with their first release.
So this *GENERAL WARNING* is placed here as a caution to all:
BitShares is an industry under development.
You have a chance to participate in that development.
Its products are highly experimental, immature, and full of bugs.
They have been made available so early adopters can help test them.
They are likely to break on you at the worst possible time.
You should not trust them.
You should double check everything they do.
You should experiment with very small amounts before doing anything big.
You should not do anything big.
You should realize that what worked yesterday should be double-checked today.
We could wait until it is perfect before letting you participate.
But by then the rewards you might get would be reduced by as much as the risks.
That's why the disclaimer you accepted before you could first launch the software warned that the software comes with no guarantees to be good for anything at all.
Yeah @Stan why didn't you warn us?! :P
Good point
edit: but I was mostly referring to the release of ags and pts, which was much earlier than that post
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Uhmm, is this the part, when someone posts "apply ice to the burnt area" meme? :p
(http://cdn.makeagif.com/media/6-25-2014/SK2r4y.gif)
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Got some sub 1500 satoshis BTS.
I'm getting some money in, in a couple weeks.
Now I need some good newmine FUD to hold it down until then. :P
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
"This is the very last time you can buy so low" has been said every week for over a year and it continues to make new lows... Bts has eaten bottom pickers alive. Don't be surprised to see 5 or 6 million market cap.
-
Now I need some good newmine FUD to hold it down until then. [emoji14]
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
"This is the very last time you can buy so low" has been said every week for over a year and it continues to make new lows... Bts has eaten bottom pickers alive. Don't be surprised to see 5 or 6 million market cap.
Well .. Indeed ... you are very right !
But this time is different because I feel it ! (lol)
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
;)
-
Running out of opportunities to buy low will never be a bad thing for me. I am really tired of opportunities to buy low.
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
"This is the very last time you can buy so low" has been said every week for over a year and it continues to make new lows... Bts has eaten bottom pickers alive. Don't be surprised to see 5 or 6 million market cap.
(https://pbs.twimg.com/media/B6CqatWIYAIVDVp.png)
I think we are pretty much looking at a bottom here. I wouldn't be surprised to see 2000 sat next week. Daily macd just turned green. If it does drop to 5 or 6 million market cap, then I will buy more, assuming nothing has changed fundamentally. Somebody has to mop up all these cheap bts ;D.
Pro tip: always keep some cash on hand in case prices get even cheaper. NEVER go all in.
-
Now I need some good newmine FUD to hold it down until then. :P
I don't think that's possible at this point. We'll be moving up soonTM.
Two more weeks, come on!
(Or is it just reverse psychology? If I root for BTS to stay down, will it finally rise?)
That's getting very ugly for you Ander. Check the walls on poloniex, the bottom is "happenning" ! Sellers are running away and buyers are piling up ...
I guess this is are the very last time you can buy so low.
"This is the very last time you can buy so low" has been said every week for over a year and it continues to make new lows... Bts has eaten bottom pickers alive. Don't be surprised to see 5 or 6 million market cap.
(https://pbs.twimg.com/media/B6CqatWIYAIVDVp.png)
I think we are pretty much looking at a bottom here. I wouldn't be surprised to see 2000 sat next week. Daily macd just turned green. If it does drop to 5 or 6 million market cap, then I will buy more, assuming nothing has changed fundamentally. Somebody has to mop up all these cheap bts ;D.
Pro tip: always keep some cash on hand in case prices get even cheaper. NEVER go all in.
All the MACD has done is work off an oversold condition by moving sideways... That is BEARISH
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But this time is different because I feel it ! (lol)
(http://i.imgur.com/3YSPkFg.gif)
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All the MACD has done is work off an oversold condition by moving sideways... That is BEARISH
(https://i.imgur.com/1kVlYL7.gif)
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As you guys know, this is a once in a lifetime opportunity that we have with BTS.
Tuesday morning on Wall Street is going to be messy I think.
If you have 50K BTS and the price explodes to $1.00, what will you do?
Start trading into bitGOLD? NOTE? ...bitUSD? ???
Securing gains when we know fiats are crashing hard steers me away from bitUSD, bitEUR, etc.
We know the gold pm has been suppressed for decades so trading into bitGOLD on the bts price increase makes sense to me.
Cryptosmith bit the dust, and I live in europe anyways, so getting any kind of physical delivery is out.
I guess I could cash some out into fiat and go get a berkey and some cases of mre's at the surplus store.
Seriously though, what are some good options for action during each BTS price pop?
-
As you guys know, this is a once in a lifetime opportunity that we have with BTS.
Tuesday morning on Wall Street is going to be messy I think.
If you have 50K BTS and the price explodes to $1.00, what will you do?
Start trading into bitGOLD? NOTE? ...bitUSD? ???
Securing gains when we know fiats are crashing hard steers me away from bitUSD, bitEUR, etc.
We know the gold pm has been suppressed for decades so trading into bitGOLD on the bts price increase makes sense to me.
Cryptosmith bit the dust, and I live in europe anyways, so getting any kind of physical delivery is out.
I guess I could cash some out into fiat and go get a berkey and some cases of mre's at the surplus store.
Seriously though, what are some good options for action during each BTS price pop?
Just hold bts through and through
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I think we are pretty much looking at a bottom here. I wouldn't be surprised to see 2000 sat next week. Daily macd just turned green. If it does drop to 5 or 6 million market cap, then I will buy more, assuming nothing has changed fundamentally. Somebody has to mop up all these cheap bts ;D.
Pro tip: always keep some cash on hand in case prices get even cheaper. NEVER go all in.
Haven't you heard the news? bitshares 2.0 will be ready in a few months at most and the price will crash really hard when this happens!
Sell now while you still can! when bts 2.0 launch it will be too late to sell!!
"The market" is bearish!
newmine aproves panic selling!
The sky is falling!
The planets are alligned!
What else are you waiting for ? SELL YOUR DAMN BTS RIGHT NOW!!!
-
I think we are pretty much looking at a bottom here. I wouldn't be surprised to see 2000 sat next week. Daily macd just turned green. If it does drop to 5 or 6 million market cap, then I will buy more, assuming nothing has changed fundamentally. Somebody has to mop up all these cheap bts ;D.
Pro tip: always keep some cash on hand in case prices get even cheaper. NEVER go all in.
Haven't you heard the news? bitshares 2.0 will be ready in a few months at most and the price will crash really hard when this happens!
Sell now while you still can! when bts 2.0 launch it will be too late to sell!!
"The market" is bearish!
newmine aproves panic selling!
The sky is falling!
The planets are alligned!
What else are you waiting for ? SELL YOUR DAMN BTS RIGHT NOW!!!
(http://stream1.gifsoup.com/view5/2267489/titanic-violins-1-o.gif)
:P
-
As you guys know, this is a once in a lifetime opportunity that we have with BTS.
Tuesday morning on Wall Street is going to be messy I think.
If you have 50K BTS and the price explodes to $1.00, what will you do?
Start trading into bitGOLD? NOTE? ...bitUSD? ???
Securing gains when we know fiats are crashing hard steers me away from bitUSD, bitEUR, etc.
We know the gold pm has been suppressed for decades so trading into bitGOLD on the bts price increase makes sense to me.
Cryptosmith bit the dust, and I live in europe anyways, so getting any kind of physical delivery is out.
I guess I could cash some out into fiat and go get a berkey and some cases of mre's at the surplus store.
Seriously though, what are some good options for action during each BTS price pop?
+5% +5% +5%
(bitGOLD will be the safest bitAsset the next months)
-
As you guys know, this is a once in a lifetime opportunity that we have with BTS.
Tuesday morning on Wall Street is going to be messy I think.
If you have 50K BTS and the price explodes to $1.00, what will you do?
Start trading into bitGOLD? NOTE? ...bitUSD? ???
Securing gains when we know fiats are crashing hard steers me away from bitUSD, bitEUR, etc.
We know the gold pm has been suppressed for decades so trading into bitGOLD on the bts price increase makes sense to me.
Cryptosmith bit the dust, and I live in europe anyways, so getting any kind of physical delivery is out.
I guess I could cash some out into fiat and go get a berkey and some cases of mre's at the surplus store.
Seriously though, what are some good options for action during each BTS price pop?
+5% +5% +5%
(bitGOLD will be the safest bitAsset the next months)
Funny, I looked at bitsilv in the internal exchange this morn and it was $99 per ounce. lol
kitcosilver puts it at $15 per ounce. man, we need some volume in there i guess.
i'm in on BTS all the way though just like @jsidhu said. oh, and NOTE of course :)
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I was listenning the hangout with the bts charts in front of me. Someone bought 25 BTC right after BM announce that the next week, the release date will be announce with the 30 days countdown !
Buckle up !!!
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I was listenning the hangout with the bts charts in front of me. Someone bought 25 BTC right after BM announce that the next week, the release date will be announce with the 30 days countdown !
Buckle up !!!
NO! NO! NO!!!!
He is doing it wrong!!!
He has to SELL!!!
:)
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Using standard software development multiple of 2.5, that means the actual BTS is ready for 2.0 announcement will be in 2.5 weeks, or on 9/21 or so. ;)
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I think the closer the date the smaller has to be the multiplier. I would say somewhere between next friday and the one after.
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Based on how poloniex has been gaining trading volume and btc38 and bter losing it, it seems to me that BTS has been shifting away from chinese holders and more into the hands of westerners. It feels to me like chinese whales have been dumping for months, and its mainly getting absorbed by those of us english speakers who are active on the forums and still believe in BTS 2.0.
Of course, this is mostly speculation on my part.
-
Based on how poloniex has been gaining trading volume and btc38 and bter losing it, it seems to me that BTS has been shifting away from chinese holders and more into the hands of westerners. It feels to me like chinese whales have been dumping for months, and its mainly getting absorbed by those of us english speakers who are active on the forums and still believe in BTS 2.0.
Of course, this is mostly speculation on my part.
It seems they dumped bts in order to buy stocks....they would buy back the bts with their "profits"
(http://i.imgur.com/HM2gEJL.jpg)
And then this happend...
(http://i.imgur.com/vqgf3AC.jpg)
and then they sold any remaining bts they had and started whining in the forum....
maybe...
-
Based on how poloniex has been gaining trading volume and btc38 and bter losing it, it seems to me that BTS has been shifting away from chinese holders and more into the hands of westerners. It feels to me like chinese whales have been dumping for months, and its mainly getting absorbed by those of us english speakers who are active on the forums and still believe in BTS 2.0.
Of course, this is mostly speculation on my part.
I hope you are wrong (although I think you are not unfortunately) ..If only active members of this forum buy BTS and all the Chinese whales have dumped we are doomed..Like it or not it seems to me that if we want BTS to reach any respectable market cap we need the Chinese to come back..
-
I hope you are wrong (although I think you are not unfortunately) ..If only active members of this forum buy BTS and all the Chinese whales have dumped we are doomed..Like it or not it seems to me that if we want BTS to reach any respectable market cap we need the Chinese to come back..
BTS 2.0 + referral system with create entirely new users and community. BTS is not doomed as long as 2.0 has a good user experience and works well. We dont need the people who have been selling off BTS for the past 6 months. All we really need is for them to run out of BTS so they can push it down any more.
-
Based on how poloniex has been gaining trading volume and btc38 and bter losing it, it seems to me that BTS has been shifting away from chinese holders and more into the hands of westerners. It feels to me like chinese whales have been dumping for months, and its mainly getting absorbed by those of us english speakers who are active on the forums and still believe in BTS 2.0.
Of course, this is mostly speculation on my part.
I hope you are wrong (although I think you are not unfortunately) ..If only active members of this forum buy BTS and all the Chinese whales have dumped we are doomed..Like it or not it seems to me that if we want BTS to reach any respectable market cap we need the Chinese to come back..
...If all the chinese have dumped we are not doomed. If all the sellers are done, and we are still sitting at any number greater than 0, we are in a great position for price to rise. If there is no one left to sell then price doesn't go down. It's basic trading 101
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My only point is that as far as I know the Chinese are the ones who pumped bitcoin to $1,000 and most probably BTS to $80 mil. And then dumped...
So I think that in order BTS to reach high market cap the user experience is not the most important..Ethereum doesn't have any user experience and look at the market cap. We do need steady daily volume of a couple of millions and massively people to start buying. I would expect people that dumped their BTS at higher market caps and realized by now huge profits to start buying again like crazy and stabilize finally at a respective market cap much above $200-$300 millions going along with a steady user friendly client..
People of this forum posting everyday for the last 2 years are most likely the long term holders at all costs. I know I have absolutely no more new money to invest in BTS so I am just hoping..So I think that we do need back those sellers to reinvest and not only just new members who most probably haven't followed from the beginning and most probably would be more scared to invest in something they don't know..
No point to argue here. I am just saying we need back those who dumped and made profits to re invest!
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My only point is that as far as I know the Chinese are the ones who pumped bitcoin to $1,000 and most probably BTS to $80 mil. And then dumped...
So I think that in order BTS to reach high market cap the user experience is not the most important..Ethereum doesn't have any user experience and look at the market cap. We do need steady daily volume of a couple of millions and massively people to start buying. I would expect people that dumped their BTS at higher market caps and realized by now huge profits to start buying again like crazy and stabilize finally at a respective market cap much above $200-$300 millions going along with a steady user friendly client..
People of this forum posting everyday for the last 2 years are most likely the long term holders at all costs. I know I have absolutely no more new money to invest in BTS so I am just hoping..So I think that we do need back those sellers to reinvest and not only just new members who most probably haven't followed from the beginning and most probably would be more scared to invest in something they don't know..
No point to argue here. I am just saying we need back those who dumped and made profits to re invest!
The assumptive premise of this is within the confines of the current crypto market.
The refer program is going to bring network effect to bitshares like nothing that has ever been seen in the crypto world.
History will view Bitcoin as the little upstart that lead to it's bigger brother BitShares.
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Well, we hope it will work that way at least. :P
-
My only point is that as far as I know the Chinese are the ones who pumped bitcoin to $1,000 and most probably BTS to $80 mil. And then dumped...
So I think that in order BTS to reach high market cap the user experience is not the most important..Ethereum doesn't have any user experience and look at the market cap. We do need steady daily volume of a couple of millions and massively people to start buying. I would expect people that dumped their BTS at higher market caps and realized by now huge profits to start buying again like crazy and stabilize finally at a respective market cap much above $200-$300 millions going along with a steady user friendly client..
People of this forum posting everyday for the last 2 years are most likely the long term holders at all costs. I know I have absolutely no more new money to invest in BTS so I am just hoping..So I think that we do need back those sellers to reinvest and not only just new members who most probably haven't followed from the beginning and most probably would be more scared to invest in something they don't know..
No point to argue here. I am just saying we need back those who dumped and made profits to re invest!
The assumptive premise of this is within the confines of the current crypto market.
The refer program is going to bring network effect to bitshares like nothing that has ever been seen in the crypto world.
History will view Bitcoin as the little upstart that lead to it's bigger brother BitShares.
Ambitious... I read these in almost every crypto community.. I'd like to keep my head down and working and if it happens it happens but to say it WILL in my experience just leads to more dissapointment all you can do is do your part and hope for the best. Yes we need the Chinese as much as they need us.. capital controls are kicking up like never before.
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They going nuts about BTS right now in polo chat.
(That last time I saw that though, it tanked hard from 1700 to 1500 right after).
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I think its started.
Dang, I only got like 1 metric ton of BTS, and I wanted 2 tons. :P
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I think its started.
Dang, I only got like 1 metric ton of BTS, and I wanted 2 tons. :P
Coulda shoulda woulda :) Still picking up pennies in front of a steamroller? Just don't miss the train, still loading passengers... w00t w00t
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I think its started.
Dang, I only got like 1 metric ton of BTS, and I wanted 2 tons. :P
Coulda shoulda woulda :) Still picking up pennies in front of a steamroller? Just don't miss the train, still loading passengers... w00t w00t
I have all I could get without more money, which I'm waiting on, but it takes forever. :p
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NEver seen polo chat like this. Everyone is now a raving BTS bull!
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NEver seen polo chat like this. Everyone is now a raving BTS bull!
well...
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NEver seen polo chat like this. Everyone is now a raving BTS bull!
well...
tonyk please inject some sanity.
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NEver seen polo chat like this. Everyone is now a raving BTS bull!
well...
tonyk please inject some sanity.
OK I will try.
I also wish the good things happen so fast, so quickly... but they don't.
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Whoa, 3.8 million bts buywall at 1600 sats wtf.
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62BTC buy wall at 1600! The bull is raging!
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Fake wall disappeared in 5 minutes lol.
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Only to be replaced by 7.7 Million bts wall! (Also possibly fake but who knows?)
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Also fake lol.
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lol. What is this dude trying to do?
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Sounds like we got ourselves a tire kicker. :)
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Now he put up like 30 1 btc walls.
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He is determined to push up the price. A good supporter. :)
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Maybe he's debugging a bot :P
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Record volume today we might see a 100% move
-
The theme song for this evening... Higher by CREED - https://www.youtube.com/watch?v=DhAFbwoaH7o
(http://i57.tinypic.com/n537gz.png)
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Its funny that polo bts deposit/withdrawal went down right before this pump started, maybe even contributing to it, because whales cannot deposit to polo and dump right now.
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Its funny that polo bts deposit/withdrawal went down right before this pump started, maybe even contributing to it, because whales cannot deposit to polo and dump right now.
Its not down. I just moved some there to loan out. If you are lending on polo, dont forget to turn off auto renew and dramatically increase the price.
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Its funny that polo bts deposit/withdrawal went down right before this pump started, maybe even contributing to it, because whales cannot deposit to polo and dump right now.
Its not down. I just moved some there to loan out. If you are lending on polo, dont forget to turn off auto renew and dramatically increase the price.
Will that give the shorters more ammunition to bring down the bts price?
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Its funny that polo bts deposit/withdrawal went down right before this pump started, maybe even contributing to it, because whales cannot deposit to polo and dump right now.
Its not down. I just moved some there to loan out. If you are lending on polo, dont forget to turn off auto renew and dramatically increase the price.
Will that give the shorters more ammunition to bring down the bts price?
Lending out your bts will provide more ammo for them to sell, but on the other side of the coin every bts that is loaned out and sold will have to be repurchased at some point.
Increasing the cost of your loan makes it more expensive for them to short bts.
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Its funny that polo bts deposit/withdrawal went down right before this pump started, maybe even contributing to it, because whales cannot deposit to polo and dump right now.
Its not down. I just moved some there to loan out. If you are lending on polo, dont forget to turn off auto renew and dramatically increase the price.
Hmm, I guess its working again. It was down temporarily earlier for maintenance
Yeah I moved up my loaning shares significantly, got some out at around .5% a day now.
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not only do the shorts have to repurchase, they actually have to pay interest too. So in fact this increases demand.
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not only do the shorts have to repurchase, they actually have to pay interest too. So in fact this increases demand.
They have to pay interest to me at .5% daily. :P
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With only 298k bts available to borrow on polo, theres got to be at least what? 2M bts shorted already?
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With only 298k bts available to borrow on polo, theres got to be at least what? 2M bts shorted already?
About 2.5 million I think.
I've even got some lent out near 2% daily now. I think my remaining 2% a day offer is pretty much the only bts left on the lending there! Crazy.
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(And then someone shoves up a million on there).
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WTF?! Where is newmine? He might have a heart attack when he sees this!
(http://i.imgur.com/ozS4mr4.jpg)
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https://youtu.be/g9uAtMmqT2A?t=23m08s
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BTS volume > ETH volume on polo. Wow.
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BTS volume > ETH volume on polo. Wow.
extrapolate 100 bitcoin per first 3 hours. We should have a 1000btc volume day
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When we used to value 10x more
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What if btc38 really is in fractional reserve, and is buying on polo to try and get themselves out of it. ;)
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This just shows that almost everyone only looks at the price.
BTS is at 14xx and no one gives a crap about it, then you pump it 33% in a day and no one can shut about about how great it is.
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What if btc38 really is in fractional reserve, and is buying on polo to try and get themselves out of it. ;)
Just another form of a short squeeze... unless they don't have the money to buy and cover. Don't leave money on exchanges. It's dangerous.
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Oh wow, that spike on polo...someone got short squeezed HARD.
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I'm sure most of you already agree, but don't lose sight of the big picture. We are still very very undervalued. Don't sell too early.
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I'm sure most of you already agree, but don't lose sight of the big picture. We are still very very undervalued. Don't sell too early.
Heh, I just sold some. :P
That I bought under 24 hours ago at like 1500.
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BTS volume > ETH volume on polo. Wow.
extrapolate 100 bitcoin per first 3 hours. We should have a 1000btc volume day
Done
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What if btc38 really is in fractional reserve, and is buying on polo to try and get themselves out of it. ;)
+5%
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I'm sure most of you already agree, but don't lose sight of the big picture. We are still very very undervalued. Don't sell too early.
Hodling 'til $10 club reporting in.
8)
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I'm sure most of you already agree, but don't lose sight of the big picture. We are still very very undervalued. Don't sell too early.
Hodling 'til $10 club reporting in.
8)
$10 club - is there a membership fee :P
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I'm sure most of you already agree, but don't lose sight of the big picture. We are still very very undervalued. Don't sell too early.
Hodling 'til $10 club reporting in.
8)
$100 club for me ;D
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What a difference a day makes 8)
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What a difference a day makes 8)
Yeah its crazy.
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Where do you guys see the price in one months time?
Lets get some predictions going for fun
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Where do you guys see the price in one months time?
Lets get some predictions going for fun
I'd say about $0.04-$0.05 cents
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Woooooooooooooooooow! This is amazing.
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I have been following you guys for the past while now...I have never seen any volume like this with the price so low....a few questions...am I following that right?
1. what has been the ATH in terms of price for BTS?
2. has volume ever been this high?
3. where do you see the price of BTS on release day of BTS2.0? (i know just speculations but want to hear from community vets)
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I have been following you guys for the past while now...I have never seen any volume like this with the price so low....a few questions...am I following that right?
1. what has been the ATH in terms of price for BTS?
2. has volume ever been this high?
3. where do you see the price of BTS on release day of BTS2.0? (i know just speculations but want to hear from community vets)
1) 5 cents USD. In satoshi terms, something around 10k sats. Note that that is still TEN TIMES the current price even after this rise (in dollar terms). BTS dropped an INSANE amount in the last year.
2) Volume was this high for a couple days in august 2014, but only if you measure in dollar terms. In BTS terms I think this is the record.
3) It is a mystery wrapped in an enigma. (Everyone of us who made price predictions for the past year kept being wrong and it kept going down, so...)
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I'm not selling any more until much higher. This is the best pump in BTS since that week in august 2014.
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See yall on the beach one day : https://www.youtube.com/watch?v=q4LaW9tAEnE
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Record volume today we might see a 100% move
300 more satoshis and we've hit my second prediction :)
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Where do you guys see the price in one months time?
Lets get some predictions going for fun
0.01 which would be around a penny.
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Where do you guys see the price in one months time?
Lets get some predictions going for fun
I'd say about $0.04-$0.05 cents
Sure but I doubt in one month it will hit that. It takes a while for volume to reach that.
If Bitshares could get the volume it could get to over $1 but the issue is there is a limited amount of people who have money to buy crypto tokens and until the crypto community grows you're fighting for a small pie.
-
Where do you guys see the price in one months time?
Lets get some predictions going for fun
I'd say about $0.04-$0.05 cents
Sure but I doubt in one month it will hit that. It takes a while for volume to reach that.
If Bitshares could get the volume it could get to over $1 but the issue is there is a limited amount of people who have money to buy crypto tokens and until the crypto community grows you're fighting for a small pie.
I wouldn't be surprised to see a lot of ETH money flow into BTS. The money's gotta go somewhere, and ETH's been pretty flat lately.
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2,299 BTC in 24hrs.. done
Back to #7.. done
Back to #5.. I say in 24hrs
Can you spot the difference? ...
(http://i62.tinypic.com/rsv9c5.png)
(http://cdn.xenlife.com.au/wp-content/uploads/Meme-derp.jpg)
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This pump is simply crazy and necessary for holders!
UP +5% +5% +5% +5% +5%
This is the most undervalued coin 2.0.
-
I wonder if it's the btc38 ponzi trying to cover and to what extent since there supposidely been at it for more than a year? Hmm
-
btc38 begin to dump now.
they will never give up, they have tons of BTS to dump.
it's very clearly somebody want BTS stay at low price.
if you want to sell BTS for benifit , you should sell slowly, not sell like this.
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btc38 begin to dump now.
they will never give up, they have tons of BTS to dump.
it's very clearly somebody want BTS stay at low price.
if you want to sell BTS for benifit , you should sell slowly, not sell like this.
Ander is rolling his eyes at you right now. :)
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Glad its correcting a bit, need to buy more, and get back the ones I sold over 2000 :)
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It's a false correction. Preparing phase 2 thrusters! Jump on board now before it's too late!
:P
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Glad its correcting a bit, need to buy more, and get back the ones I sold over 2000 :)
Need to buy more???
Man, I can track a cool 10 mil BTS of yours just from the trades you have posted on this forum. So it is safe to assume you must have about 20 mil BTS (conservatively).... I am not saying you have broke even yet, but at your predicted price of $0.05 it is cool 1 million green bucks.
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Glad its correcting a bit, need to buy more, and get back the ones I sold over 2000 :)
Need to buy more???
Man, I can track a cool 10 mil BTS of yours just from the trades you have posted on this forum. So it is safe to assume you must have about 20 mil BTS (conservatively).... I am not saying you have broke even yet, but at your predicted price of $0.05 it is cool 1 million green bucks.
Wow
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What date does the 30 day countdown begin?
-
What date does the 30 day countdown begin?
It hasn't been announced yet. What has been said is that it is expected to be announced next week or so.
-
https://bitsharestalk.org/index.php/topic,16506.msg213577.html#msg213577 (https://bitsharestalk.org/index.php/topic,16506.msg213577.html#msg213577)
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btc38 begin to dump now.
they will never give up, they have tons of BTS to dump.
it's very clearly somebody want BTS stay at low price.
if you want to sell BTS for benifit , you should sell slowly, not sell like this.
It may also be cryptsy selling their customers sharedrop
-
What date does the 30 day countdown begin?
During the last mumble, I think it was BM that said Friday of this week.
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btc38 begin to dump now.
they will never give up, they have tons of BTS to dump.
it's very clearly somebody want BTS stay at low price.
if you want to sell BTS for benifit , you should sell slowly, not sell like this.
It may also be cryptsy selling their customers sharedrop
cryptsy = thieves (approved & caught)
stay away!
(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fwww.nevadacounty.com%2Fwp-content%2Fuploads%2F2011%2F04%2Fhouse-thieve.gif&sp=10f86c72d2bc8ddc830199b78512cb4a)
-
What date does the 30 day countdown begin?
During the last mumble, I think it was BM that said Friday of this week.
by the end of next week if all is going well .. AFAIK no exact timeframe was given ...
-
What date does the 30 day countdown begin?
During the last mumble, I think it was BM that said Friday of this week.
by the end of next week if all is going well .. AFAIK no exact timeframe was given ...
https://soundcloud.com/beyond-bitcoin-hangouts/beyond-bitcoin-hangout-9-04-2015-s3#t=13:45
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So why it's raising so much and what do you think, will it get to 1$ in the future? :D
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Outside of the 2.0 launch specifics for BTS, I think the Chinese stock market troubles will bring some $$$ back to crypto. Also, if you look at CMC there appears to be some manipulation going on across crypto in general.
-
(http://i62.tinypic.com/ru1guh.png)
Well good morning to you too Coinmarketcap!
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We're third in volume today too :)
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But this time is different because I feel it ! (lol)
(http://i.imgur.com/3YSPkFg.gif)
Not that bullshitty my bottom prediction ... Ha ha ha ha [emoji6]
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Hi guys,
New to bitshares, I see that price is going up. Meanwhile I'm still waiting till the blockchain is downloaded, then I can finally start :)
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Hi guys,
New to bitshares, I see that price is going up. Meanwhile I'm still waiting till the blockchain is downloaded, then I can finally start :)
Welcome to the community arp :D
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Hi guys,
New to bitshares, I see that price is going up. Meanwhile I'm still waiting till the blockchain is downloaded, then I can finally start :)
Welcome @arp :)
My computer took about 5 hours the first time, but once you've got it and it's all sync'd up, your good to go. Just let it run overnight in a cool location.
If you need anything at all just let me know.
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Hi guys,
New to bitshares, I see that price is going up. Meanwhile I'm still waiting till the blockchain is downloaded, then I can finally start :)
If you would like to have a more trouble free experience I recommend setting up a wallet at:
https://wallet.bitshares.org
Then you won't have to wait for anything to download.
Trust me when I tell you this is a much easier option.
Also welcome to the community :)
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Sold a little more in the 2300s. (Still have over 80% of what I had at the bottom).
Selling a bit on the rises helps to keep you in tune with the market, imo. That way when a drop comes, you look at it as an opportunity, not just as a terrible thing.
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100 BTC incoming out of my stash into BTS.
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100 BTC incoming out of my stash into BTS.
O_O.
It kindof amazes me: almost everyone out there would just ignore BTS and pay no attention at all to it while its at 1400 sats, but drive it up 50% and sudeenly everyone is willing to throw money at you.
If we really are just gonna go straight to the moon without correcting, I'll be very happy, even if I'm a bit less than 100% long.
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Sold a little more in the 2300s.
tsk tsk
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Gonna take a few days for me to get that BTC on POLO. Coming out the vault.
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Sold a little more in the 2300s.
tsk tsk
Sometimes you gotta buy when you dont want to, and sell when you dont want to.
Its kindof like the opposite of 'buy when theres blood in the streets'. Sell a bit when everyone is extremely excited. :P
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@ander - is this what i think it is? taken just then on poloniex with 30 minute candles
(http://i.imgur.com/wuZXKKd.png)
also wanted to mention:
Most Online Today: 188. Most Online Ever: 373 (December 05, 2013, 11:28:00 PM)
:)
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please excuse my line work.... its a touch/track pad
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GChicken, it does look cup and handle-ish (though the spike to 2500 was higher than the 2350 area). But it also looks to me like we completed 5 waves up in elliot wave and need to correct for a bit. Of course, if the rally is strong enough, it can of course just keep going, which would be amazing.
There are tons of people visiting our forums right now that have never been here before, and they are falling over themselves to throw money at BTS, so I think its more likely they will be tested. I always like to oblige people when they are fearful and want to sell, or elated and want to buy. Those trades are not made from a rational state of mind on their part, which means that by taking the opposite side of the trade the odds are in your favor.
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3k possible this month ?
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3k possible this month ?
3k is possible before your deposit hits. :P
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fuck
Blazin, wait for 1600-1800 range, then get in. All the short term moving averages and MACDs turning down now, its gotta go lower before it goes up again.
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@Ander I understand that you are doing a lot of technical analysis trading but don't forget that sometimes fundamentals make the techinical analysis useless..
And the fundamentals in BTS case are that
(1) this thing is going to change the financial world as we know it
(2) It is going to change crypto as we now it and
(3) in a little more than 1 month BTS is going to sharedrop on BTS2 which will make 1 and 2 a reality
when BTS 1 was released 1 year ago we have witnessed x5 and +$80 mil market cap. Some sold some others thought that this is still extremely cheap. Soon everyone will be talking about BTS and BTS2 will be what BTS1 failed to do.
In other words (fingers crossed) we may for the next 2 months experience a substantial rise without any correction from this level so I am still holding 100% of my crypto in BTS and I intend to do so until we are very close at least to bitcoin ...
On another side my stake is not even close to most of you guys here so I understand that some people may be more conservative..But be careful not to miss all the party now by selling at these levels..
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That is all true, but:
1400 to 2500 sats in one day -> Needs a correction.
Short term moving averages and MACDs turning down -> correction is coming.
Clear elliot wave count of 5 waves completed, for our wave I -> wave 2 is coming, wave 2s are usually steep retracements, expect .618 fib retracement at least, if not more.
All the shorts covered and we now have millions of BTS available on lend again -> wide open for new shorts to drive it down.
I'm well aware of the fundamentals, I am talking about the very shrot term here. Like just a couple days, in which is should pull back to somewhere between 1600-1800.
If it retraces deeply here, then the later retrace on wave 4 will be shallow, which is nice. :)
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That is all true, but:
1400 to 2500 sats in one day -> Needs a correction.
Short term moving averages and MACDs turning down -> correction is coming.
Clear elliot wave count of 5 waves completed, for our wave I -> wave 2 is coming, wave 2s are usually steep retracements, expect .618 fib retracement at least, if not more.
All the shorts covered and we now have millions of BTS available on lend again -> wide open for new shorts to drive it down.
I'm well aware of the fundamentals, I am talking about the very shrot term here. Like just a couple days, in which is should pull back to somewhere between 1600-1800.
If it retraces deeply here, then the later retrace on wave 4 will be shallow, which is nice. :)
I'm with you. My warning against selling was regarding those seeking to completely liquidate. Buying the dips to increase holdings is a great idea if you've got the stomach for it. I would say that at this point most of those that have purchased have done so cause it was hot abd they wanted to flip it. They will sell at the first sign of a dump. There will most certainly be many corrections along the way that we can buy more at. I personally don't think we will see sub 1800 again, but fully admit that you are a much better trader than I am.
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sorry..you are counting elliot waves and fib daily? wow... Have you seen the all time graph and see where fib is? I am not an experienced trader as you but I do think that now is the time to compare BTS with the all time graph and see what happened in last summer..If we have a steady increase in volume and a couple of millions of volume in the next days I think BTS is going to $100 mil market cap before BTS2 is sharedroped. I don't think we will see BTS below 1600 ever unless bitcoin also jumps by the same % in $ terms...
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If we have a steady increase in volume and a couple of millions of volume in the next days I think BTS is going to $100 mil market cap before BTS2 is sharedroped.
You seriously believe that? I mean, I would love that to happen but I don't see that happening any time soon, even after 2.0 is released.
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you guys have become way too pessimistic I think during the past year. This is understandable with all the suffer of the price...I may be way too optimistic.
So yes I do believe that we may end up with $100 mil market cap and this may happen before BTS2 is even launched..There is no logic in the financial world anymore and there is no logic definitely in crypto. When the Bulls are in charge nothing stops them..
I don't want to influence any of you but I don't want the long term holders to miss the party when it comes and short term speculators rip all the profits.So I would think twice before I sell my BTS now..
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I aint selling any BTS. Im waiting to lend it out with interest on the bond market. I want my 30%/year.
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now. Thankfully I am blessed and I have the money to spare. Something tells me if I do this its going to light a fire under BTS. There is no reason it shouldnt be at 5 cents USD like it was last year. It is more valuable now IMO.
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now.
(http://thabto.files.wordpress.com/2013/10/make-it-so-captain.jpg)
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now. Thankfully I am blessed and I have the money to spare. Something tells me if I do this its going to light a fire under BTS. There is no reason it shouldnt be at 5 cents USD like it was last year. It is more valuable now IMO.
Wow !
I'm curious : if you really intend to do that, why do you say that here ?
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now. Thankfully I am blessed and I have the money to spare. Something tells me if I do this its going to light a fire under BTS. There is no reason it shouldnt be at 5 cents USD like it was last year. It is more valuable now IMO.
I'm a terrible day trader so take this with a grain of salt, but I think you could pick up the bts slowly at a lower price. By all means listen to your gut, but just remember that your gut had shit for brains.
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now. Thankfully I am blessed and I have the money to spare. Something tells me if I do this its going to light a fire under BTS. There is no reason it shouldnt be at 5 cents USD like it was last year. It is more valuable now IMO.
Wow !
I'm curious : if you really intend to do that, why do you say that here ?
I will put my hands up if he does that, but in my experiences from trollboxes all those who are trying to sell mentions something like that.
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now.
(https://sneakdoor.files.wordpress.com/2015/07/flat1000x1000075f.jpg)
https://www.youtube.com/watch?v=7WzyBl4PgrQ
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now.
(http://thabto.files.wordpress.com/2013/10/make-it-so-captain.jpg)
+5%
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What would happen if i put a 250 BTC buy wall up on Polo? My gut is telling my buy now. Thankfully I am blessed and I have the money to spare. Something tells me if I do this its going to light a fire under BTS. There is no reason it shouldnt be at 5 cents USD like it was last year. It is more valuable now IMO.
Put the order in for 5 cents then
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Next bump up should be right around corner now
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Or next crash... You guys all jizz z your pants on one little lower high
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Or next crash... You guys all jizz z your pants on one little lower high
This is It for Bulls on this wave
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
No, I dont know how long wave 3 will take or how high, right now. Juts that its likely going lower for the next couple days, but after it does its a great buy.
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
No, I dont know how long wave 3 will take or how high, right now. Juts that its likely going lower for the next couple days, but after it does its a great buy.
What would you suggest I set my buys at?
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
No, I dont know how long wave 3 will take or how high, right now. Juts that its likely going lower for the next couple days, but after it does its a great buy.
What would you suggest I set my buys at?
Earlier he said he expects the price to go down to 1800-1600 satoshi, so depending on the size of your order somewhere in that range.
I, on the other hand, do not expect it hitting 1900 anytime in the next 10 or so days....
Time will tell, who was right.
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I think its due to go higher. This friday will be a key day in deciding what happens when Bytemaster comes out with more info.
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
No, I dont know how long wave 3 will take or how high, right now. Juts that its likely going lower for the next couple days, but after it does its a great buy.
What would you suggest I set my buys at?
Earlier he said he expects the price to go down to 1800-1600 satoshi, so depending on the size of your order somewhere in that range.
I, on the other hand, do not expect it hitting 1900 anytime in the next 10 or so days....
Time will tell, who was right.
Thanks Tony. Its nice to see you back. I am leaning towards it not dipping too far. I have had an order in at 1900 most of the day. (small order, I am unfortunately not a whale.) and it hasn't filled. I just moved it up to 1975. I'll see if it hits over night. Its easy to forget that 2000 is still a very good price for BTS.
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We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I am not the TA guy, as you know, but are you saying you predict 4-5K satoshi/BTS in 7-12 days (the top of wave 3, I mean)?
No, I dont know how long wave 3 will take or how high, right now. Juts that its likely going lower for the next couple days, but after it does its a great buy.
What would you suggest I set my buys at?
Earlier he said he expects the price to go down to 1800-1600 satoshi, so depending on the size of your order somewhere in that range.
I, on the other hand, do not expect it hitting 1900 anytime in the next 10 or so days....
Time will tell, who was right.
Well, it hit 1900. But it hasnt hit 1800 yet, so we are now in a range where its possible for both of us to be wrong. :D
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I've been wrong a lot of times saying 'it will never go below X ever again'. Those predictions almost always fail. :P
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...anytime in the next 10 days turned out to be sometime in the next 10 hours.
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1900 breaking should be taking us to our lows in 1600-1800 range, but its not for some reason. Will there be one more shove downward or wont there?
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Big buywall showed up at polo. Correction *might* be over. If you buy here, you risk watching it drop to 1600-1800 before going up. If you wait you risk missing the rise in BTS. (The wall could also be fake, trying to bait people into buying his sell orders)
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I'm back all in now. The 30 minute macd gave a buy, to join the 15 and 5 mins. 1900 refusing to break. I am more afraid of missing rise than I am of trying to get the best possible price.
I sold over 2300 and got back in under 2000, so pretty happy with it. Made a good amount of free BTS.
The 'this is a bullish flag and we are about to rocket to 3000+' option has started looking more likely to me, and the 'this is a head and shoulders top and we are headed to 1600' option is looking less likely.
But now it probably will dump or something, and make me look bad. Hehe.
I'm okay with that, I have more BTS now than ever before, and my average cost was lowered.
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Tonyk, if we do not break down to new lows, and then we rise, I think your 'not below 1900' prediction is still basically correct, it was only a short spike below 1900. I'm glad I managed to get a good trade in there though. :)
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If the new 3.5M bts buywall at 1960 is a real wall, we are going up so hard. (90% chance its fake though) :P
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I post that I bought back in and then a bunch of buywalls appear?
Are some people actually following my calls to make decisions to buy thousands of $ of BTS? That would be kindof scary lol.
(More likely a bunch of traders are following the same indicators I am, so when thee indicator buys and turns me bullish, it turns them bullish also?)
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I do worry that maybe a bunch of people all FOMO back into it now, then the big wall is removed, then there is no buy support and it tanks. I dont know. The upside is bigger than the downside though. 3000 is a big gain, 1600 isnt too bad of a downside.
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The wall was removed and someone dumped, heh.
I bet it'll fulfill my original target of 1600-1800, just to spite me.
Thats fine, I gained BTS and will not miss whatever future rise occurs.
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https://youtu.be/DGC6iqWeFDk
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is the next wave up potentially starting soon?
Could anyone who uses Elliot Wave theory post a couple of pics showing how they depict the wave in the current market? possibly a few time scales showing different wave magnitudes?
i know it may very from person to person but when ever i try to learn; it looks fine on the chart examples in the tutorials, then i flick over to the real market and my progress goes out the window. just looking for an example in real time that's close to my heart..
also if anyone is using this can you suggest some complimentary indicators that you look at as well?
if this can be done it would be greatly appreciated :)
Thanks
GC
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You cant apply over-fancy TA like Elliot waves to such a low volume thing as BTS. What happened was buzzwords like "Pitchfork" and "Timeline" were used, and short term speculators got excited and made 50%. That is all.
Rallies in the market are driven by forum hype from the lead developers, just like the first one was a year ago, when it was announced that BTSX would be bought back with ags funds. How is an elliot wave going to predict that?
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is the next wave up potentially starting soon?
Could anyone who uses Elliot Wave theory post a couple of pics showing how they depict the wave in the current market? possibly a few time scales showing different wave magnitudes?
i know it may very from person to person but when ever i try to learn; it looks fine on the chart examples in the tutorials, then i flick over to the real market and my progress goes out the window. just looking for an example in real time that's close to my heart..
also if anyone is using this can you suggest some complimentary indicators that you look at as well?
if this can be done it would be greatly appreciated :)
Thanks
GC
First off, I use TA to count for no more than 10% of my trading. Read, almost never trade based on any TA. So probably not the best teacher here but anyway...
Last night when I saw this post
We have completed wave 1 and also A of 2, we are now in B of 2, it will take us up a bit, but then C of 2 will take us down to somewhere in the 1600-1800 range.
I envisioned something like the following graph (Eliot Wave).
(http://i.imgur.com/ZRhJKdk.png)
The red line is about the time I made it ... from that point on you can see how it differs from the actual reality....
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Thanks for the responses guys,
With all due respect and please forgive my ignorance of the topic, from what i have seen the EW rules suggest that wave 3 cannot be the shortest of all waves and that wave 4 does not breach the price territory of wave 1. maybe speedy is right maybe its time to throw Elliot out with window again.. (just heard it mentioned so many times from so many places thought their might be some benefit in learning what others are looking at)
@tonyk - interested to know what the other 90% of your strategies are made up of as from what i have seen you buy when Tony buys :) so seems like what ever you got going its working for you.
Or does anyone else want to share any strategies they have that they believe are reasonably good at showing good buy / sell points. (i don't want to sell my Bitshares but i wouldn't mind skipping some of the down side and ending up with free shares as suggested by Ander) seems like a risky game though... when it goes 10x+ and your on the wrong side of the trade would feel pretty bad!
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Tuesday morning on Wall Street is going to be messy I think.
Wrong again ::)
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You cant apply over-fancy TA like Elliot waves to such a low volume thing as BTS. What happened was buzzwords like "Pitchfork" and "Timeline" were used, and short term speculators got excited and made 50%. That is all.
Looking at CMC past 2 days there seemed to be several coins that rose and fell in a similar fashion. BTS had the biggest spike because of the forum news, but if I had to guess there were some manipulators out there who drove everything up and sold it back down.
It feels like that has been happening once every 3-4 weeks for multiple months now.
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Tuesday morning on Wall Street is going to be messy I think.
Wrong again ::)
http://www.zerohedge.com/news/2015-09-08/futures-soar-after-dramatic-chinese-last-hour-intervention-following-latest-bout-ter
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I love how they call it "intervention" too and nobody bats an eye
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Thanks for the responses guys,
With all due respect and please forgive my ignorance of the topic, from what i have seen the EW rules suggest that wave 3 cannot be the shortest of all waves and that wave 4 does not breach the price territory of wave 1. maybe speedy is right maybe its time to throw Elliot out with window again.. (just heard it mentioned so many times from so many places thought their might be some benefit in learning what others are looking at)
@tonyk - interested to know what the other 90% of your strategies are made up of as from what i have seen you buy when Tony buys :) so seems like what ever you got going its working for you.
Or does anyone else want to share any strategies they have that they believe are reasonably good at showing good buy / sell points. (i don't want to sell my Bitshares but i wouldn't mind skipping some of the down side and ending up with free shares as suggested by Ander) seems like a risky game though... when it goes 10x+ and your on the wrong side of the trade would feel pretty bad!
I will tell you what my strategy is even if most may say that this is completely stupid since I may end up holding the bag here.. However I do not intend to change my strategy no matter what..BTS will either succeed or not. Anything else is just playing around..
Here it goes. Whenever BTS is below 0.00007 BTC I always buy whenever I can whatever I can afford. At above 0.00007 I would sell something like 20%, at above 0.00015 btc another 20% at above 0.00025 btc another 20% and the remaining 40% only when and if we reach a couple of billions market cap in $ terms.
Before you judge the stupidity of the strategy consider that BTS is maybe something like when BTC was @ $3 going to $30 then dropping back before it seriously skyrocketed to $1,000. I missed that train and I do not intend to miss this one too. I think now we have experienced the big fall in price and from here only the sky is the limit.
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(http://www.clker.com/cliparts/L/3/R/J/g/B/reload-icon-hi.png)
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Advice 1: Dont try to learn elliot wave, its too complicated. Just looking at support/resistance, moving averages, macd, etc is way better for most poeple.
Advice 2: If youre going to bother with elliot wave, you have to learn all the rules. For example, wave 3 cannot be the shortest wave, which mean the chart above is an invalid count.
Anyways...we are in the buy zone now. I shouldve had more patience, but I wanted back in. :P But I will have more money coming in a week or so to buy more if it stays down. We could bottom any time now, though it could still go a bit lower.
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I am also waiting on more funds. I am hoping that the price stays low for a few more days.
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When we get a moving average crossover on the 30 min chart, then we will know the pullback is over and the next rise underway. (Of course, by the time the crossover happens it'll be up a couple hundred sats from the low).
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"It could bottom anytime now, or it could go a bit lower"
So basically you have no idea where price is going
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"It could bottom anytime now, or it could go a bit lower"
So basically you have no idea where price is going
I can assure you that I have no clue.
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"It could bottom anytime now, or it could go a bit lower"
So basically you have no idea where price is going
I guess I wasnt clear. The price is going much higher, starting at some point in the relatively near future. When the 30 min moving average crossover occurs, it will signal that the move has begun.
Before that happens, it can continue to go a bit lower. Or it can drift sideways for a while.
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"It could bottom anytime now, or it could go a bit lower"
So basically you have no idea where price is going
I guess I wasnt clear. The price is going much higher, starting at some point in the relatively near future. When the 30 min moving average crossover occurs, it will signal that the move has begun.
Before that happens, it can continue to go a bit lower. Or it can drift sideways for a while.
(http://i.imgur.com/ZFTLqlx.gif)
:P
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Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
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Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
You can try someone on the forum via escrow or just buy a few everyday trying to keep an average price. That way you won't push it up and overpay
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Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
If youre only talking about a couple btc worth, metaexchange and blocktrades.us will give you locked in prices for those quantities. Or you can put money on an exchange and buy.
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Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
If youre only talking about a couple btc worth, metaexchange and blocktrades.us will give you locked in prices for those quantities. Or you can put money on an exchange and buy.
to my knowledge blocktrades does not lock in trades, you are at the mercy of bitcoins confirmation time.
Shapeshift, metaExchange and basically any exchange that trades BTS is your best bet on 'locking' something in.
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Ignoring the margin call fueled spike to 2500, the real top of the rise (that people were placing real buy and sell orders at), was at 2350 sats.
For the move form 1401 to 2354, the .618 fib level is at 1765. Thats right at our current low. This is a good level for the bottom to occur, so I would start putting money in if I had it (and will put money in once I get more).
1625 is the 76.4% retracement level, so thats the other main target at this point.
It should bottom between 1600 and 1800.
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B
Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
Blocktrades.us
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Off topic here, but this thread seems to be busy so posting anyway.
What is the best way to buy a large volume (large for me, not the amounts being mentioned up this page) of BTS at a locked in price?
I don't think forum trade is viable here?
Take a look at
https://blocktrades.us/
https://metaexchange.info/
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We just went over 1900. Its possible that the rise may have just started. If the 30 min moving average gives a crossover it will confirm it for sure.
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And I was hoping I could get some more money on polo before it went up. Oh, well. I can't really complain about a rising price.
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Yeah i have more money coming in like a week, but im fine if it just goes up.
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September 11 is this Friday.
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Still sitting at 1800, anything under 1800 is a great buy price, at some point we will begin to rally.
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Still sitting at 1800, anything under 1800 3000 is a great buy price, at some point we will begin to rally.
ftfy
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September 11 is this Friday.
Why are you telling us this? Is the US government going to blow something up again (allegedly)?
:-\
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Guys... keep in mind what is about to happen to bitcoin TOMORROW:
https://bitcoinmagazine.com/21842/coinwallet-begins-pre-test-bitcoin-network-schedules-largest-stress-test-begin-september-10/
How will this impact prices for BitShares you think?
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I dont think that will really impact BTS at all.
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30 minute moving average crossover appears to be happening now. If you were waiting for lower prices, I think the mid 1700s was the bottom and you should be trying to get in as soon as you can now.
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I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
(http://www.quickmeme.com/img/62/628b747f8ccdfb757062f36a27eedecfc2295f515c0586e05fbfb0620c0571a2.jpg)
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Haha.
Yeah, everyone here probably all in already. :P
Its the technical traders that need to pile back on board now.
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Haha.
Yeah, everyone here probably all in already. :P
Its the technical traders that need to pile back on board now.
All in baby bring it!
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Short your shorts off! Bare-arse all in :D
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Short your shorts off! Bare-arse all in :D
I wouldnt short it. :P
Might still be a final dump a bit lower, but if so it should be bought.
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Hmmm....
BTS is the #8 by market cap on CMC.
I am the #8 highest poster on this forum, and I'm buying BTS.
The number 8 is lucky in China, and is associated with fortune and prosperity.
China used to love BTS, this means China will now return to loving BTS!
It is a great conspiracy! Clearly BTS will rise to 8888 sats as a result of this!
(This is how I imagine that conspiracy theorists come up with their ideas. They just link random things together until it makes a circle, and then they think they have uncovered the secrets of reality). :D
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Hmmm....
BTS is the #8 by market cap on CMC.
I am the #8 highest poster on this forum, and I'm buying BTS.
The number 8 is lucky in China, and is associated with fortune and prosperity.
China used to love BTS, this means China will now return to loving BTS!
It is a great conspiracy! Clearly BTS will rise to 8888 sats as a result of this!
(This is how I imagine that conspiracy theorists come up with their ideas. They just link random things together until it makes a circle, and then they think they have uncovered the secrets of reality). :D
Hmmm, this was the same rational I used to find my ex-wife LOL
-
Could explode higher at any time. :)
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Hmmm....
BTS is the #8 by market cap on CMC.
I am the #8 highest poster on this forum, and I'm buying BTS.
The number 8 is lucky in China, and is associated with fortune and prosperity.
China used to love BTS, this means China will now return to loving BTS!
It is a great conspiracy! Clearly BTS will rise to 8888 sats as a result of this!
(This is how I imagine that conspiracy theorists come up with their ideas. They just link random things together until it makes a circle, and then they think they have uncovered the secrets of reality). :D
Yeah. It's called cannabis. It makes things like this make sense.
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Now that the pitchfork is basically out of the haystack, I think we are in for a very interesting month. I just picked up a few more BTC worth at the beginning of this week :-) just in time I think.
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Now that the pitchfork is basically out of the haystack, I think we are in for a very interesting month. I just picked up a few more BTC worth at the beginning of this week :-) just in time I think.
Yep just barely. A bit more left under 2000, which is still really cheap.
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Bears are still fighting, which just means more chances to buy. ;)
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I tried to buy and BTC to blocktrades but it just disappeared and I don't see any BTS in my wallet or blockchain. I have emailed support.
Someone please tell me that they resolve the issues and my BTC is not lost. I am very worried about my money. I hope they honor the rate when the transactions confirmed.
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Good idea, thanks for the warning.
Are you planning to stagger your purchase or just walk the book and take all the low priced BTS in one fowl swoop?
Look forward to watching this unfold and seeing how the trollbox reacts :)
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Good idea, thanks for the warning.
Are you planning to stagger your purchase or just walk the book and take all the low priced BTS in one fowl swoop?
Look forward to watching this unfold and seeing how the trollbox reacts :)
I foresee something like this...
(http://38.media.tumblr.com/tumblr_mdzw2gCvCg1ri5gz2o1_500.gif)
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Good idea, thanks for the warning.
Are you planning to stagger your purchase or just walk the book and take all the low priced BTS in one fowl swoop?
Look forward to watching this unfold and seeing how the trollbox reacts :)
You're seeing it in real time.
https://bitsharestalk.org/index.php/topic,16894.msg234524.html#msg234524
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I tried to buy and BTC to blocktrades but it just disappeared and I don't see any BTS in my wallet or blockchain. I have emailed support.
Someone please tell me that they resolve the issues and my BTC is not lost. I am very worried about my money. I hope they honor the rate when the transactions confirmed.
In my experience the blocktrades guys provide excellent support. I wouldn't be too worried, though of course any delay is disappointing.
-
I tried to buy and BTC to blocktrades but it just disappeared and I don't see any BTS in my wallet or blockchain. I have emailed support.
Someone please tell me that they resolve the issues and my BTC is not lost. I am very worried about my money. I hope they honor the rate when the transactions confirmed.
Blocktrades is a very reputable.site. The problem is probably the long Bitcoin confirmation times.
If you don't get your transaction filled soon, send a PM to dannotestein
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Good idea, thanks for the warning.
Are you planning to stagger your purchase or just walk the book and take all the low priced BTS in one fowl swoop?
Look forward to watching this unfold and seeing how the trollbox reacts :)
You're seeing it in real time.
https://bitsharestalk.org/index.php/topic,16894.msg234524.html#msg234524
Hi River- What do you mean, the link took me back a few pages where blazin was talking about what would happen if he put 250 up; blazin only has low rep and nothing to lose; tuck has big rep and big pockets :)
-
I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
Good idea, thanks for the warning.
Are you planning to stagger your purchase or just walk the book and take all the low priced BTS in one fowl swoop?
Look forward to watching this unfold and seeing how the trollbox reacts :)
You're seeing it in real time.
https://bitsharestalk.org/index.php/topic,16894.msg234524.html#msg234524
Hi River- What do you mean, the link took me back a few pages where blazin was talking about what would happen if he put 250 up; blazin only has low rep and nothing to lose; tuck has big rep and big pockets :)
Blazin and Tuck were both joking. Or maybe Blazin was trying to manipulate us to buy, I dont know.
-
Blazin guy did the same thing with syscoin and another coin I think crave.. Just talk
-
Jokes aside. i fully support Tuck's move to buy up all the cheap BTS :) go for it.
-
I received reply from dannotstein and he said he will clear the transactions in the morning. He also offered to manually add extra in case the price moved unfaorably. So far price have decreased, so this getting stuck has been good for me.
-
Blazin and Tuck were both joking.
https://vimeo.com/15476780 (https://vimeo.com/15476780)
-
As a general rule, no one who is really trying to buy a huge amount of some crypto will ever want you to know that in advance. Up until the point when they have completed buying, they will probably be silent, or even talking it down, creating FUD, etc, to try and induce people to sell to them.
Anyone claiming they are going to buy 100s of BTC worth has already bought and just wants you to buy. And if its actually true, then they bought 900 btc already, and have 100 btc to go, and simply want people to join them in buying and help drive it up.
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I really am waiting for a bank draft to clear so I can buy more bts. Although it's only 2btc so it's not gonna move the market at all. Now I've also got to deal with this whole btc stress test thing though so it may take even longer to get my bts. I'm hoping the price stays low until I can buy cause I'll probably just buy bts no matter what the price. I'm kind of a homer like that.
-
I really am waiting for a bank draft to clear so I can buy more bts. Although it's only 2btc so it's not gonna move the market at all. Now I've also got to deal with this whole btc stress test thing though so it may take even longer to get my bts. I'm hoping the price stays low until I can buy cause I'll probably just buy bts no matter what the price. I'm kind of a homer like that.
I don't expect to see any real big price movements until business partners ramp up their operations on a live Graphene chain. If Graphene meets its target date of Oct 13th and partners are able to deploy quickly we'll finally start to see some real organic growth in the market cap probably around mid Q4 2015 to early Q1 2016.
The sloshing around of money within the cryptospace is fun to watch and speculate on but my guess is you have some time to bolster your holdings before new money starts to flow in.
-
I don't expect to see any real big price movements until business partners ramp up their operations on a live Graphene chain.
I think there will be a couple of moves before that happens.
One will be when a respected community member comes onto the forum/reddit/BTT and/or post a video online backing up/showing BTS2 is the "bees knees".
The next will be after the public release and people see it working well with their own eyes/hands.
The third will be as you say above.
(http://workingsmartercafe.files.wordpress.com/2013/03/data-wins.jpg)
-
As a general rule, no one who is really trying to buy a huge amount of some crypto will ever want you to know that in advance.
Disclaimer : Unless you've paid the whale 4-8 BTC (allegedly) for foreknowledge.
-
Dont forget that MUSE will launch only weeks after bts2 .. the will shoew off the same technology!
Powered by BitShares!!
(Just another chain)
-
As a general rule, no one who is really trying to buy a huge amount of some crypto will ever want you to know that in advance.
Disclaimer : Unless you've paid the whale 4-8 BTC (allegedly) for foreknowledge.
Yeah, unless the whale is running a pump group and collecting money for the information. :P
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As a general rule, no one who is really trying to buy a huge amount of some crypto will ever want you to know that in advance.
Disclaimer : Unless you've paid the whale 4-8 BTC (allegedly) for foreknowledge.
Lol. is that an offer?
-
Okay. I have purchased my bts. BTS now has my permission to go to the moon.
-
As a general rule, no one who is really trying to buy a huge amount of some crypto will ever want you to know that in advance.
Disclaimer : Unless you've paid the whale 4-8 BTC (allegedly) for foreknowledge.
Lol. is that an offer?
I'll ask bts-wolong. ;)
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Okay. I have purchased my bts. BTS now has my permission to go to the moon.
(http://i.imgur.com/w37hKiq.png)
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Nice one tuck
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Thanks bears for that little dump earlier. Got another buy in. :)
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Keep it down for another week please bears. :)
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Wonder how low Bulls are going to let it go
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Wonder how low Bulls are going to let it go
The buy orders went way down, so I guess maybe lower.
Also lots of people dont want to wait a whole month for 2.0, they will fomo back in when there is less time left I guess.
-
I am back.
Buying BTS again. +5% +5% +5% yummy.
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I am back.
Buying BTS again. +5% +5% +5% yummy.
Lol welcome back lzr. You made it just in time for liftoff.
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I am back.
Buying BTS again. +5% +5% +5% yummy.
Time to selL?
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Nice one tuck
indeed :) +5%
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I am back.
Buying BTS again. +5% +5% +5% yummy.
Time to selL?
Welp, I guess we're headed back to 1400. :P
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Do you think there will be a spike on the price when we get closer to 13th oct? People will probably transfer their BTS out of exchanges and at the same time demand might increase because the 2.0 is finally coming out.
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Do you think there will be a spike on the price
"There Will Be Spike." - bts-wolong
such sudden. many rise. much rapid. very dohimissedtehtrain.
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I am back.
Buying BTS again. +5% +5% +5% yummy.
Yeah, my first voter is back, lzr1900!
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titan account will lost privacy protect when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?
-
titan account will lost privacy protect when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?
In this case I have a feeling they might encouter some "technical problems" that will not allow them to upgrade to v2.0
"Your funds are safe" but you canot withdraw them (because we damped some of them)!
I would like to see how many people will withdraw their bts before the snapshot...
-
titan account will lost privacy protect when upgrade to v2.0.
btc38 claim they have 363,130,741.49991 BTS, but there are only 228,449,248 BTS in their cold wallet. they refuse to public all reserve because they say it's not security.
guess what will happen at BTC38 when upgrade to v2.0?
Maybe it was them this last pump filing the rest.
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Bitshares android app would be nice eventually.
Do you guys see the price heading back to 5 Cents once 2.0 drops?
-
Bitshares android app would be nice eventually.
Do you guys see the price heading back to 5 Cents once 2.0 drops?
Honestly, no. Would be pretty impressed if it even hit 2 or 2,5cents, imo. I'm just not as bullish as before. In this market I just don't see it reaching 5cent, not for a while. But hey, people could always try to push it to ethereum's marketcap
-
Yah I am seeing this the same way. Time will tell. Also we need to see what the implications of 2.0 are once it's avail to public
I hope they add a way to delete an account from the dashboard. I don't like clutter and I have some accounts I don't use
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I think 1 cent per share is quite reasonable.
-
Bitshares android app would be nice eventually.
Do you guys see the price heading back to 5 Cents once 2.0 drops?
Not for a while, too many bagholders.
To hit new highs I think we need 2.0 to be successful, and new business partners to start brinigng in a bunch of customers and new money.
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Bitshares android app would be nice eventually.
Do you guys see the price heading back to 5 Cents once 2.0 drops?
Not for a while, too many bagholders.
To hit new highs I think we need 2.0 to be successful, and new business partners to start brinigng in a bunch of customers and new money.
Yes, i also think 2.0 will bring nothing, unless it start to solve real problems.
So 2.0 is not the key, usecase is.
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What would give you a better chance to double your money? A random penny stock or bitshares?
-
What would give you a better chance to double your money? A random penny stock or bitshares?
Bitshares. I think there is a very very good chance that we double this month.
-
What would give you a better chance to double your money? A random penny stock or bitshares?
Obviously BitShares.
(general community rant.. not directed specifically at lil_jay890.. more about everything I see daily)
I don't understand why community members like to rag on "our" own technology and MAJOR achievements.
Mark my words.. the week following Oct 13th there is going to be a SURGE of new users coming in.
The excitement is going to be palatable.
There will be everyone clamoring over everyone to refer new users in a way you all have never seen in crypto or any other blockchain in history.
There will be a handful of you complaining that your nice shiny new Lamborghini blockchain doesn't come with fuzzy dice to hang on your rear view mirror while the rest of us have to remind you it comes with a rear view HD camera with streaming and recording so you can replay over and over the moment that Graphene left the rest of the crypto-blockchain world in the dust.
The price accordingly is going to.. in my estimation.. at least triple from where it is today. Mind you I think it will get very close to that just prior to all this.
This believe it when I see it attitude some people have is just a manifestation of their own personal fear of failure. Projecting fears in forums like this does nobody any favours.
To the risk takers and innovators go the rewards.
-
We're getting some movement already.
-
What would give you a better chance to double your money? A random penny stock or bitshares?
Obviously BitShares.
(general community rant.. not directed specifically at lil_jay890.. more about everything I see daily)
I don't understand why community members like to rag on "our" own technology and MAJOR achievements.
Mark my words.. the week following Oct 13th there is going to be a SURGE of new users coming in.
The excitement is going to be palatable.
There will be everyone clamoring over everyone to refer new users in a way you all have never seen in crypto or any other blockchain in history.
There will be a handful of you complaining that your nice shiny new Lamborghini blockchain doesn't come with fuzzy dice to hang on your rear view mirror while the rest of us have to remind you it comes with a rear view HD camera with streaming and recording so you can replay over and over the moment that Graphene left the rest of the crypto-blockchain world in the dust.
The price accordingly is going to.. in my estimation.. at least triple from where it is today. Mind you I think it will get very close to that just prior to all this.
This believe it when I see it attitude some people have is just a manifestation of their own personal fear of failure. Projecting fears in forums like this does nobody any favours.
To the risk takers and innovators go the rewards.
Why I said a random penny stock may double faster is just the general trend of money coming out of crypto. Crypto just feels like a deflating balloon.
-
What would give you a better chance to double your money? A random penny stock or bitshares?
Obviously BitShares.
(general community rant.. not directed specifically at lil_jay890.. more about everything I see daily)
I don't understand why community members like to rag on "our" own technology and MAJOR achievements.
Mark my words.. the week following Oct 13th there is going to be a SURGE of new users coming in.
The excitement is going to be palatable.
There will be everyone clamoring over everyone to refer new users in a way you all have never seen in crypto or any other blockchain in history.
There will be a handful of you complaining that your nice shiny new Lamborghini blockchain doesn't come with fuzzy dice to hang on your rear view mirror while the rest of us have to remind you it comes with a rear view HD camera with streaming and recording so you can replay over and over the moment that Graphene left the rest of the crypto-blockchain world in the dust.
The price accordingly is going to.. in my estimation.. at least triple from where it is today. Mind you I think it will get very close to that just prior to all this.
This believe it when I see it attitude some people have is just a manifestation of their own personal fear of failure. Projecting fears in forums like this does nobody any favours.
To the risk takers and innovators go the rewards.
Why I said a random penny stock may double faster is just the general trend of money coming out of crypto. Crypto just feels like a deflating balloon.
Did before but now feels like money coming in again.. Everything happens in cycles. Each cycle should get bigger if we are in a real tech boom
-
and we are off and racing again
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and we are off and racing again
karnal is pleased.
-
Why cant BTS ever just move up gradually? Why does it have to be either going down, are full on 100% FOMO to the moon full speed?
-
Look at all this crazy volume, it all started when Bytemaster announced that they are in a good position to start the 30 day count down 2 hangouts ago..
(http://i.imgur.com/RwDYsnb.png)
apologies to wolong my 'spike' is delayed on the chart a i didn't want to cut off the prices
forgive my paint skills but...
(http://i.imgur.com/zMJgTkb.png)
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Yes, it began with a 1.6 M market buy 10 seconds after Bytemaster said that. ;)
-
Things are looking on the up and up.
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[OldMan]Back in my day sonny jim, you could buy a WHOLE Bitshares for half of 1 cent!!
[YoungBuck] Sure granddad!! ::), have you been taking your medication... our whole house cost 100 Bitshares!!!
(http://static2.stuff.co.nz/1322608940/603/6061603.jpg)
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bunch of 111.1111111 buy orders on the books at poloniex
also does anyone want to own up to this 145BTC buy order...?
(http://i.imgur.com/Ks2bPy0.png)
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I think someone sold some XRP and bought some BTS. Checkout out stats on coinmarketcap. BTC38 is the biggest non internatl Ripple Exchange atm.
-
apologies to wolong my 'spike' is delayed on the chart a i didn't want to cut off the prices
(http://www.kelseyespecially.com/wp-content/uploads/2015/03/Hmm-okay-GIF-Kelsey-Especially.gif)
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Why cant BTS ever just move up gradually? Why does it have to be either going down, are full on 100% FOMO to the moon full speed?
Because this world is a volatile place, no matter if it is viewed with one's eyes or on a chart.
-
(http://i.imgur.com/BkzZkHI.jpg)
^ This is why we can't have nice things.
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Indeed, someone shorted it under 2000 temporarily. Was a nice time to get buys filled.
-
I'm really happy right now that I own more BTS than ever before. ;)
I even managed to get the client to sync and bought a few extra brownies!
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I'm really happy right now that I own more BTS than ever before. ;)
I even managed to get the client to sync and bought a few extra brownies!
Next step: shorting bitassets .. :D
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I'm really happy right now that I own more BTS than ever before. ;)
I even managed to get the client to sync and bought a few extra brownies!
Next step: shorting bitassets .. :D
Nah, not going to do that. I prefer buy and hold. :)
But others can.
-
We could reclaim the #5 spot today. Would be nice.
-
Sell wall of 125 BTC at 2100 sats. God, that's a lot
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Sell wall of 125 BTC at 2100 sats. God, that's a lot
Price rising too fast.
Gotta slow teh roll and let the $5-$10 gang take their cut, then resume operations.
</allegedly>
https://youtu.be/8mop_2uIqEQ?t=58s (https://youtu.be/8mop_2uIqEQ?t=58s)
-
http://www.forbes.com/sites/mikemontgomery/2015/09/15/bitcoin-is-only-the-beginning-for-blockchain-technology/
Can we contact this San Francisco start up called "chain" they are hooked up with the Nasdaq. Would be a good move
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Sell wall of 125 BTC at 2100 sats. God, that's a lot
The walls come and go, both buy and sell. They usually arent real. They are just trying to induce buyers or sellers.
-
Even though it was painful over the past year for the price to drop, I'm actually glad it happened now. I've been able to load up on way more BTS than I ever imagined would be possible, and BTS 2.0 seems to have even more potential than what got us so excited last fall when it first released.
This has been the opportunity of a lifetime to get in cheap. And really, really load up on BTS. Truly special things are going to happen now.
Vertcoin went up 100x in three weeks. This is what cryptos can do, this is the kind of rise we are talking about.
Since BTS is higher cap it cant go quite that fast, but we could see 10x in a couple months and 100x in a couple years. Wouldnt be any different than what other cryptos have done when they take off.
-
forgive my paint skills but...
(http://i.imgur.com/zMJgTkb.png)
The prophecy is upon us!
-
The move that started a couple weeks ago is indeed a magnified version of the move in may. ;)
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The move that started a couple weeks ago is indeed a magnified version of the move in may. ;)
Which means the time frame between May 14th and May 20th can also increase proportionally, which means we're still set to go! I keed, I don't have technical analysis skills, but that seems like some kind of logic that makes sense. We all want it to make sense :P
-
forgive my paint skills but...
(http://i.imgur.com/zMJgTkb.png)
The prophecy is upon us!
Great fractal analysis... one of the best and most accurate trading strategies
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Do not rush to sell your BTS too quickly, even though you have a profit. 2500 is still cheap. 3600 is still cheap. These levels should provide resistance for a bit, but they will be broken in time. If you manage to sell and buy back lower thats great, but dont try to do it with all your BTS, or you will get left behind at some point!
In a wave 3 bull move, the important thing is to ride the trend, because it will just keep going. There is always volatility along the way, but during this move your main goal should be to not get bucked off the ride by chasing small retracements! The money is made by staying long here.
-
forgive my paint skills but...
(http://i.imgur.com/zMJgTkb.png)
The prophecy is upon us!
Great fractal analysis... one of the best and most accurate trading strategies
Did a quick extrapolation puts us at about 8k satoshi's
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Yeah, getting back to 8k is the first step, pretty much. Then there will be a lot of profit taking from buyers of the cheap BTS, or people getting out at breakeven from old positions. After that consolidation, we have to see if BTS 2.0 is the real deal and we go even higher, or not.
-
I've mostly been looking at BTS in satoshi terms recently, because polo is the volume leader, but btc38 prices still show it to us in fiat terms.
This is what they show:
(http://s30.postimg.org/7gru4occx/bts5.png)
That is a potential inverse H&S formation forming below the .035 CNY resistance.
If the .035 CNY breaks, it heads all the way up to the .053 resistance, where it could form another bullish pattern.
A break of that level would send us massively higher.
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I was posting this on polo the other day
(http://i.imgur.com/5jvOMw7.jpg)
Beautiful how it turned out.
(http://i.imgur.com/vsq1Y57.png)
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Yep, very nice ValenitnJesse!
-
Buy wall got bigger and higher
(http://i.imgur.com/W9PAkEX.png)
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What is going on with those walls on polo! Two 200+ btc walls? wtf.
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I'd just like to publicly announce that I'm about to buy 400 BTC worth of BitShares at this astronomically low price ... but it's going to take a few days for my BTC to hit teh exchange.
=b
is that you?
-
http://recode.net/2015/09/15/nine-of-the-worlds-biggest-banks-form-blockchain-partnership/
Great news.... I got 250 btc coming!!!
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http://recode.net/2015/09/15/nine-of-the-worlds-biggest-banks-form-blockchain-partnership/
Great news.... I got 250 btc coming!!!
Wow really? Thats a lot of BTS.
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Excuse me? Watch your fucking mouth.
Well, you obviously "didn't deliver" last time, so you may need to be a bit more convincing of your honesty than just being insulting. You clearly act like a pumper, with stupid one liners.
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What is going on with those walls on polo! Two 200+ btc walls? wtf.
fontas is back! :P
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Like I said, it takes time to get 250 btc from fiat into btc. I said it once. Stop bringing it up take your tampons out and focus on what matters kid. I'll let you all know when I put it up.
THIS ARTICLE MENTIONS BITSHARES. I HAVE NEVER SEEN BTS MENTIONED ON FORBES.
http://www.forbes.com/sites/rogeraitken/2015/09/16/bitcoin-exchange-ccedk-set-to-unveil-groundbreaking-crypto-platform-at-global-money-summit/
**YAWN** 250 BTC is negligent for BTS compared to what we saw last year.
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is that you?
It's just a coincidence.
And for the record, I won't be "cashing out" of BitShares.
I've already cashed out ... of fiat currencies and I have no intentions of cashing back in.
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I'll let you all know when I put it up.
A few minutes beforehand, please let us know where, when and at what price you'll be putting up a 250BTC order.
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Excuse me? Watch your fucking mouth.
Attempt of sarcasm?
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I'll let you all know when I put it up.
A few minutes beforehand, please let us know where, when and at what price you'll be putting up a 250BTC order.
For sure. I was planning on doing that.
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8)
Waiting you 250 wall :) ;D
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Like I said, it takes time to get 250 btc from fiat into btc. I said it once. Stop bringing it up take your tampons out and focus on what matters kid. I'll let you all know when I put it up.
This is very true. I got over 40 btc into BTS recently,, and it was an endless process of waiting on stock sales to clear and bank transfers, and then coinbase.
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you'd want to be quick its getting put up with out you..
How about we reducing the liquidity to short sellers at the same time watch this really take hold :)
Good night all,
Seeya tomorrow... when we are all millionaires ahahahah
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This is very true. I got over 40 btc into BTS recently
I was under the misconception you were a BTC (very) early-adopter.
When (what price) did you get into BTC originally?
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This is very true. I got over 40 btc into BTS recently
I was under the misconception you were a BTC (very) early-adopter.
When (what price) did you get into BTC originally?
I came late to bitcoin. $600 was my first purchase, mid 2014, lol. When it broke under 450 I started researching altcoins, and developed a good understanding of everything going on in the sector. That knowledge made me want to keep buying even though the price was dropping. My average btc price is now down to the low 300s, because I've bought a lot in the 200s. At first I was just spending some spare cash on it, but this year with the low prices and signs that the stock market was topping I started selling some stocks to get more crypto.
Of course, most of my btcs have gone into bitshares now. The percentage keeps growing over time. Some at high prices, but a lot more in may and then september at low prices. Driven down my costs some more with trading. At this point the next BTS rally could take me back into a net gain on the whole crypto thing, finally.
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This is very true. I got over 40 btc into BTS recently
I was under the misconception you were a BTC (very) early-adopter.
When (what price) did you get into BTC originally?
I came late to bitcoin. $600 was my first purchase, mid 2014, lol. When it broke under 450 I started researching altcoins, and developed a good understanding of everything going on in the sector. That knowledge made me want to keep buying even though the price was dropping. My average btc price is now down to the low 300s, because I've bought a lot in the 200s. At first I was just spending some spare cash on it, but this year with the low prices and signs that the stock market was topping I started selling some stocks to get more crypto.
Of course, most of my btcs have gone into bitshares now. The percentage keeps growing over time. Some at high prices, but a lot more in may and then september at low prices. Driven down my costs some more with trading. At this point the next BTS rally could take me back into a net gain on the whole crypto thing, finally.
My story is almost the exact same way. I think Max was the reason why I bought in. It was through a youtube video. Then there was another guy with a beard doing a youtube video as well talking about how bitshares had 100million market cap and all that. Now I'm just going along for the ride with far more BTS than I ever thought I would own... whether that's a good or bad thing remains to be seen.
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Some at high prices, but a lot more in may and then september at low prices. Driven down my costs some more with trading. At this point the next BTS rally could take me back into a net gain on the whole crypto thing, finally.
That's what I thought. While my position is probably 10 - 20x smaller than yours, my estimate has always been that we will brake into the green at roughly the same time.
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Now I'm just going along for the ride with far more BTS than I ever thought I would own... whether that's a good or bad thing remains to be seen.
Yeah me too.
"I'll buy like 50000 BTS".
Millions of BTS later...
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Another increase in volume
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After a bid wall of 150 bitcoins, bear downtrend
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Follow me in the party
(https://forobits.com/uploads/default/original/2X/8/87a504f26799ec8af3a83c4002b181befceb7dbd.png)
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cap and handle formation...
waiting a little bit more for a bigger nice handle.... before we take off!
http://www.investopedia.com/terms/c/cupandhandle.asp
(https://4.bp.blogspot.com/-MPFxpdy9sJw/VfqOMhnjVRI/AAAAAAAADeE/IYuRjNE961A/s1600/cap_handle.png)
(https://2.bp.blogspot.com/-0yDMpVNSc0A/VfqRNjWTjSI/AAAAAAAADeg/GZxuNqcfpPk/s1600/cup_and_handle-3.png)
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And so it is written ...
(http://i.imgur.com/hmz1ZWR.jpg)
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I can feel something rumbling
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This move is so strong that the corrective waves were making higher lows.
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Wow, over $60000 USD worth bought on CCEDK. Never seen that kind of volume there before!
This could be new money coming in as a result of Ronny's presentation, great job Ronny!
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Wow, over $60000 USD worth bought on CCEDK. Never seen that kind of volume there before!
This could be new money coming in as a result of Ronny's presentation, great job Ronny!
Is that volume for today or a big order?
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pumpinggg!!!!
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BitShares is THE BEST investment one can possibly make in today's world market. The life stream and collateral of the super-DAC, mothership to hundreds of billions of blockchains, assets and web apps.
(http://merkabahnk.io/img/bts/FinancialAnthropology.jpg)
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Wow, over $60000 USD worth bought on CCEDK. Never seen that kind of volume there before!
This could be new money coming in as a result of Ronny's presentation, great job Ronny!
But I think the volume is trade by bots, the depth is not good.
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Wow, over $60000 USD worth bought on CCEDK. Never seen that kind of volume there before!
This could be new money coming in as a result of Ronny's presentation, great job Ronny!
Is that volume for today or a big order?
Both.
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I dont know if theres anyone reading this that still has money left, but I think you'd better buy while we are still under 2500. ;) Because after 2500 there is very little supply for a long way.
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Because after 2500 there is very little supply for a long way.
"little supply for a long way"? ? ? The higher it goes up the more tempting it is to send my coins to an exchange and sell.
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Because after 2500 there is very little supply for a long way.
"little supply for a long way"? ? ? The higher it goes up the more tempting it is to send my coins to an exchange and sell.
Very true.
I mean what is on the orderbooks currently.
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Because after 2500 there is very little supply for a long way.
"little supply for a long way"? ? ? The higher it goes up the more tempting it is to send my coins to an exchange and sell.
Very true.
I mean what is on the orderbooks currently.
imagine what isn't on the orderbooks right now ... watching ... waiting. :o
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Is btc38 books now matching with what they should have?
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I hate how slow coinbase is. Got about 9 days left.
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I hate how slow coinbase is. Got about 9 days left.
Wtf that's so slow
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Ridiculous.
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Yeah, I waited 4 days for coinbase. But it shouldnt take 9.
Is the problem that you arent verified or something? I know that there is a low dollar limit when you havent been registered for a full month + verified or something like that. It prevented me from buying a bunch of bitcoins over $500 when I wanted to, so then I bought them at 460. Which was good, except that it kept going down. :P
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Because after 2500 there is very little supply for a long way.
"little supply for a long way"? ? ? The higher it goes up the more tempting it is to send my coins to an exchange and sell.
Exactly.... tempting....but not convincing :D
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I hate how slow coinbase is. Got about 9 days left.
Hard to believe you on that.
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Yeah, I waited 4 days for coinbase. But it shouldnt take 9.
Is the problem that you arent verified or something? I know that there is a low dollar limit when you havent been registered for a full month + verified or something like that. It prevented me from buying a bunch of bitcoins over $500 when I wanted to, so then I bought them at 460. Which was good, except that it kept going down. :P
Yeah man. Had to apply for a higher limit and wait on approval
I was only at 10k usd per day. I am trying to get raised to 100k daily limit.
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Yeah, I waited 4 days for coinbase. But it shouldnt take 9.
Is the problem that you arent verified or something? I know that there is a low dollar limit when you havent been registered for a full month + verified or something like that. It prevented me from buying a bunch of bitcoins over $500 when I wanted to, so then I bought them at 460. Which was good, except that it kept going down. :P
Yeah man. Had to apply for a higher limit and wait on approval
I was only at 10k usd per day. I am trying to get raised to 100k daily limit.
You are kind of hard to believe, but it's more exciting to think you're being honest here...
So, I'ma believe you. For the jollies. ;D
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Guys, if I register at poloniex, do I need to submit my personal details?
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Guys, if I register at poloniex, do I need to submit my personal details?
From what I remember when I registered, you only needed and email address and maybe a name.
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Question: I have a 20k limit on POLO....so when i do get this 250 BTC will i be able to send it all to my Polo account ? Do i need to raise my polo limit first?
Could I just send it to polo and do 20k per day but still have 250 btc in my account? How much will i lose doing this? vs putting in a large one time order?
I just want to avoid giving more info to Polo for a higher limit if I dont need to....
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Yeah, I waited 4 days for coinbase. But it shouldnt take 9.
Is the problem that you arent verified or something? I know that there is a low dollar limit when you havent been registered for a full month + verified or something like that. It prevented me from buying a bunch of bitcoins over $500 when I wanted to, so then I bought them at 460. Which was good, except that it kept going down. :P
Yeah man. Had to apply for a higher limit and wait on approval
I was only at 10k usd per day. I am trying to get raised to 100k daily limit.
Kraken or Bitstamp maybe can help you?
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Question: I have a 20k limit on POLO....so when i do get this 250 BTC will i be able to send it all to my Polo account ? Do i need to raise my polo limit first?
Could I just send it to polo and do 20k per day but still have 250 btc in my account? How much will i lose doing this?
I just want to avoid giving more info to Polo for a higher limit if I dont need to....
Polo limit is only for withdrawals.
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Question: I have a 20k limit on POLO....so when i do get this 250 BTC will i be able to send it all to my Polo account ? Do i need to raise my polo limit first?
Could I just send it to polo and do 20k per day but still have 250 btc in my account? How much will i lose doing this?
I just want to avoid giving more info to Polo for a higher limit if I dont need to....
Polo limit is only for withdrawals.
Oh shit. Sketched out there my bad. So I guess im good to go.
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Because after 2500 there is very little supply for a long way.
"little supply for a long way"? ? ? The higher it goes up the more tempting it is to send my coins to an exchange and sell.
Exactly.... tempting....but not convincing :D
To me even 1 cent is way too cheap to sell so I'm not prepared to let go until much higher.. Patience will pay off
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Guys, if I register at poloniex, do I need to submit my personal details?
If you don't want to withdrawl more than $ 2000 per day (can't remember if this aplies to deposits too, probably it does) then you only need an e-mail and as a name you can type something random if you don't want to give your real name.
The limit of $ 2,000 is not only for fiat but aplies also for cryptocurrency value, e.g you can't withdraw 10 btc in one day because they worth more than $ 2,000
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Guys, if I register at poloniex, do I need to submit my personal details?
If you don't want to withdrawl more than $ 2000 per day (can't remember if this aplies to deposits too, probably it does) then you only need an e-mail and as a name you can type something random if you don't want to give your real name.
The limit of $ 2,000 is not only for fiat but aplies also for cryptocurrency value, e.g you can't withdraw 10 btc in one day because they worth more than $ 2,000
That's it. Your personal details are needed if you want to be able to withdraw more than 7000$ / day ;)
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We are so close to taking back #5 on cmc.
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Yeah I see us at #5.
Also, price is rising again on polo. Will we go break 2500 now?
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We need the Ron Paul 'its happening', because its happening!
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We are at #5 in CMC now!! $14.3m market cap at 2447! Think we might break 2500 by tomorrow.
Do you think Bitcoin getting declared a commodity by the fed has anything to do with it?
https://bitsharestalk.org/index.php/topic,18500
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We are at #5 in CMC now!! $14.3m market cap at 2447! Think we might break 2500 by tomorrow.
Do you think Bitcoin getting declared a commodity by the fed has anything to do with it?
https://bitsharestalk.org/index.php/topic,18500
2500's already been shredded bro, may even take down 2600!
itshappening.jpeg
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If we break 2600 anything can happen.
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If we break 2600 anything can happen.
hit 2638.. shorts rekt
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If we break 2600 anything can happen.
hit 2638.. shorts rekt
We hit 2638 my shorts will be rekt too. Hah.
If I were Ethereum I'd be shaking in my boots right about now... :P
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If we break 2600 anything can happen.
hit 2638.. shorts rekt
We hit 2638 my shorts will be rekt too. Hah.
If I were Ethereum I'd be shaking in my boots right about now... :P
Still way too cheap.. if our market cap goes over $200 mill then maybe
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We are at #5 in CMC now!! $14.3m market cap at 2447! Think we might break 2500 by tomorrow.
Do you think Bitcoin getting declared a commodity by the fed has anything to do with it?
https://bitsharestalk.org/index.php/topic,18500
No, bitcoin being declared a commodity didnt have anything to do with it. :P
The chart being super bullish had everything to do with it, as did the fundamentals of 2.0 being awesome and coming soon.
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Is the trollbox usually about BitShares? I don't use Polo so I don't know but it seems to be the talk right now
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Is the trollbox usually about BitShares? I don't use Polo so I don't know but it seems to be the talk right now
Its been that way since the first day it spiked.
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Some at high prices, but a lot more in may and then september at low prices. Driven down my costs some more with trading. At this point the next BTS rally could take me back into a net gain on the whole crypto thing, finally.
That's what I thought. While my position is probably 10 - 20x smaller than yours, my estimate has always been that we will brake into the green at roughly the same time.
and @ 2475 sat and 233 USD/BTC, I can proudly say - I can pay the 20% premium on all of my short bitUSDs and be
in the green :)
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heh. stupid bitUSD premium! Its a bit out of hand.
I think that happened because so much bitUSD got closed, and whats left of it is spread around to random people who lost it or whatever.
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heh. stupid bitUSD premium! Its a bit out of hand.
I think that happened because so much bitUSD got closed, and whats left of it is spread around to random people who lost it or whatever.
You think the majority of the current buy bitUSD orders are from people who has lost their keys or something? I do not find it likely...btw the time the order was placed should be easy to find.
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+20% today now... I'm breathless, following the crazy action in poloniex. I don't even trade, just hodling and watching it happen... Wow.
Globally I'm still in the red however :D, but it sure feels good. Hope the correction won't be too harsh, I really don't feel like selling and trying to by lower.
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I have nothing against our rise in price but shouldn't we have a correction? Every time I check it the price is higher, it just doesn't stop
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I have nothing against our rise in price but shouldn't we have a correction? Every time I check it the price is higher, it just doesn't stop
The pattern has changed cause polo took over our volume., we were so used to chinese dunping into efery peak on btc38.. Too much hype around new release.. Many large traders buying all they can get using hidden walls.
Imo 100k tps and lmax optimizations getting priced in.. Aswell as enhanced usability.
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I have nothing against our rise in price but shouldn't we have a correction? Every time I check it the price is higher, it just doesn't stop
when price go up by the stairs is difficult to fall by a lifter hole.
traders start to be conscient about the power of 2.0 looks like nobody want to loose the train.
i heard China markets are not buying.
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I have nothing against our rise in price but shouldn't we have a correction? Every time I check it the price is higher, it just doesn't stop
when price go up by the stairs is difficult to fall by a lifter hole.
traders start to be conscient about the power of 2.0 looks like nobody want to loose the train.
i heard China markets are not buying.
It's 4 a.m. in Beijing !
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I have nothing against our rise in price but shouldn't we have a correction? Every time I check it the price is higher, it just doesn't stop
when price go up by the stairs is difficult to fall by a lifter hole.
traders start to be conscient about the power of 2.0 looks like nobody want to loose the train.
i heard China markets are not buying.
It's 4 a.m. in Beijing !
Yep Chine hasn't wake up yet. Let's see how it works out. But it's like 2 or 3 days with price increase without a dump, seems strange that's all. Hope it continues like this till Oct 13th
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I was also expecting a dump that never came but to be honest..are u selling your BTS now? I am definitely not selling..I don't think many will dump before launch no matter how cheap they got their bts, unless ofcourse they absolutely need cash now.
what bothers me though is the peg..that bitusd premium is out of control and won't bring any people to adopt bitusd..
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what bothers me though is the peg..that bitusd premium is out of control and won't bring any people to adopt bitusd..
No one cares about the 0.9.2 bitUSD, its dead.
They are al lwaiting for new system.
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so why people are paying +20% premium to buy bitusd and why people don't sell bitusd at peg?
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Where are the super bulls shorting?
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Where are the super bulls shorting?
Exactly! where are they? people prefer to trade in polo instead of earn the 30% by shorting in DEX? I don't get that..
I am personally fully shorted in bitusd but I am not crazy to pay 20%-30% to buy back the bitusd..
so what is going on with that..Just don't get it..
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I pulled the majority of my funds off of polo this morning and shorted bitUSD. Peg is currently something like 1.47
After 2.0 I think our peg well be closer, and imo shorting at half a cent is a no brainer.
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got this from the trollbox, new CNY highs of lately http://www.sosobtc.com/kline/bts/btc38.html
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how will our Bitshares holdings be effected when 2.0 launches...i heard something about a genesis block and stuff....is this going to effect the current supply of BTS....im a crypto noob pretty much just investor...will this effect my Bitshares holdings ?
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how will our Bitshares holdings be effected when 2.0 launches...i heard something about a genesis block and stuff....is this going to effect the current supply of BTS....im a crypto noob pretty much just investor...will this effect my Bitshares holdings ?
Your holdings in 2.0 will be exactly the same as now.
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how will our Bitshares holdings be effected when 2.0 launches...i heard something about a genesis block and stuff....is this going to effect the current supply of BTS....im a crypto noob pretty much just investor...will this effect my Bitshares holdings ?
Direct 1 to 1 transfer to new system.
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How do we do this transfer?
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How do we do this transfer?
You just import into the 2.0 wallet when it comes out and then you have all BTS in new system, it will be pretty easy.
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How do we do this transfer?
Dump and then import your private keys to the new client from the old.
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what if you have BTS on POLO?
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what if you have BTS on POLO?
Then it's up to them, but they should honor your balance and allow you to withdraw it to your 2.0 wallet after release.
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what if you have BTS on POLO?
Then it's up to them, but they should honor your balance and allow you to withdraw it to your 2.0 wallet after release.
Running a risk there. I wouldn't trust any centralized exchange to get it right - even if they have good intentions.
Better off setting up the 0.9.2 desktop client and letting it sync or creating a web wallet at wallet.bitshares.org...then transfer your balance and backup your wallet prior to October 13th.
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what if you have BTS on POLO?
Any news about you bitcoins going to poloniex?
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poloniex is making a ton of money now every day, and if they mess up the 2.0 transition they stand to lose that. so they will do everything they can to get it right i think
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Running a risk there. I wouldn't trust any centralized exchange to get it right - even if they have good intentions.
Better off setting up the 0.9.2 desktop client and letting it sync or creating a web wallet at wallet.bitshares.org...then transfer your balance and backup your wallet prior to October 13th.
+5%
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So many fees wasted with this much volume on exchanges.
btw, anyone knows where we can get charts like bitcoinwisdom but for BTS and in real time? Without the lag of coinmarketcap?
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So many fees wasted with this much volume on exchanges.
btw, anyone knows where we can get charts like bitcoinwisdom but for BTS and in real time? Without the lag of coinmarketcap?
https://cryptrader.com/charts/poloniex/bts/btc
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So many fees wasted with this much volume on exchanges.
btw, anyone knows where we can get charts like bitcoinwisdom but for BTS and in real time? Without the lag of coinmarketcap?
http://coincap.io/ (http://coincap.io/)
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So, tell me .. is this what you would call a correction?! lol :D
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So, tell me .. is this what you would call a correction?! lol :D
Yup, correction over, back to the moon we go! heh.
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:)
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So, tell me .. is this what you would call a correction?! lol :D
Was only a small one yeah. People who trade out trying to time the correction need to jump back in fast when it drops at all, because it barely corrects at all.
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Where are the super bulls shorting?
I'm having a headache every time I try to synch that piece of... "software", and I don't believe that I'm the only one. Last time I shorted and tried to do some market trading in the wallet I was forced to hold a position for months loosing a few thousand $
Recently I made some simple market buys and thats all, I don't trust/like curent version at all, funds may be safe but generally it's more than a headache.
I trully believe that with the new version we have the chance to go to the moon and beyond, but if the new wallet has issues like the current one..... we will fall like a stone.
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This shit is on fire right now...if 2.0 delivers who knows whats gonna happen...
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Here comes the giant "M".
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Is there going to be a complete noobs guide how to transfer my BTS from my old wallet to the new one. No idea what im doing and i dont want to fuck it up when time comes.
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Is there going to be a complete noobs guide how to transfer my BTS from my old wallet to the new one. No idea what im doing and i dont want to fuck it up when time comes.
http://blog.smartcoin.pw/2015/09/bitshares-how-to-prepare-your-wallet.html
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Is there going to be a complete noobs guide how to transfer my BTS from my old wallet to the new one. No idea what im doing and i dont want to fuck it up when time comes.
- You don't need to do anything at this point in time ..
- A tutorial will be provided
something like this:
http://blog.smartcoin.pw/2015/09/bitshares-how-to-prepare-your-wallet.html
thx to fav
//edit .. woops .. ken was faster ..
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Is there going to be a complete noobs guide how to transfer my BTS from my old wallet to the new one. No idea what im doing and i dont want to fuck it up when time comes.
http://blog.smartcoin.pw/2015/09/bitshares-how-to-prepare-your-wallet.html
Thank you. Will there be a time limit for us to transfer over?
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Thank you. Will there be a time limit for us to transfer over?
definitely NOT!
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This shit is on fire right now...if 2.0 delivers who knows whats gonna happen...
I know what's gonna happen . The price will go up to the top right before 2.0's release . And then after 2.0 is real , nothing will occur , because "you've ready harvested the 2.0 news to it's full potential" .
The market would exploit the 2.0 thing to the maximum power , and it would make the real 2.0 impossible to fill in the gaps . Just like what happened last year when the peg asset released .
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This shit is on fire right now...if 2.0 delivers who knows whats gonna happen...
I know what's gonna happen . The price will go up to the top right before 2.0's release . And then after 2.0 is real , nothing will occur , because "you've ready harvested the 2.0 news to it's full potential" .
The market would exploit the 2.0 thing to the maximum power , and it would make the real 2.0 impossible to fill in the gaps . Just like what happened last year when the peg asset released .
Well, that's if the referral program doesn't work ! If it does work, new users, fees, huge marketing..., and we'll start seeing a price increase due to real added value rather than only speculation/anticipation of speculation.
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IMHO (and I am not a trader) we will see a major correction after release .. simply because the ecosystem needs to to switch over and evolve .. same holds true for the referral program ..
Every thruster is going to be aligned, but (and I am sure @Stan agrees with me) .. massive inertia needs a little time for the massive lift-off :)
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IMHO (and I am not a trader) we will see a major correction after release .. simply because the ecosystem needs to to switch over and evolve .. same holds true for the referral program ..
Every thruster is going to be aligned, but (and I am sure @Stan agrees with me) .. massive inertia needs a little time for the massive lift-off :)
I agree, except I think it will happen before and after 2.0 release.
I think we'll see a dump "correction" soonTM which will take us between 2600-2400 and then back up until 2.0 release for the major dump correction you mention.
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The price? That is what happens when the price was 1400 and now the overwhelming majority thinks it will soon be 5000/7500/9000. The price cannot just jump 3-5-7x overnight.
Add to that that even people who considered themselves 100% invested at 1400, want to become a bit more long as their prediction is turning true. I personally had a small order @ 0.00002754... So I missed the lowest of the correction with 35 satoshi or so. The good thing is the internal bitUSD market offers a ton of cheap BTS for the bulls.
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IMHO (and I am not a trader) we will see a major correction after release .. simply because the ecosystem needs to to switch over and evolve .. same holds true for the referral program ..
Every thruster is going to be aligned, but (and I am sure @Stan agrees with me) .. massive inertia needs a little time for the massive lift-off :)
I agree, except I think it will happen before and after 2.0 release.
I think we'll see a dump "correction" soonTM which will take us between 2600-2400 and then back up until 2.0 release for the major dump correction you mention.
People are so beaten down by past dumps that they dont realize that wave 3 just keeps going up. Minor corrections of 200 sats are all we are getting right now.
Yes there will be a correction larger than that at some point, but it will come higher than 3000.
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Yeah we will probably stay under 0.01 cent until release
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I was having fun with paint and I made this.
As you can see, , I'm immensely tralented ;P
It was just for me, for fun but I thought maybe someone will have a cool comment so ...
It's a projection chart of the price until the 13th of October if we keep having the same evolution.
At higher prices, it won't be as easy as now to gain maket cap (in terms of %) but as we get closer to the 13th, the buyers pression should increase and the sellers one decrease so ... Is that realistic ?
(http://s6.postimg.org/av3n72tz5/fun.png)
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I think we'll see a dump "correction" soonTM which will take us between 2600-2400 and then back up until 2.0 release for the major dump correction you mention.
I dont think this is happening. Don't let BTS buck you off, stay with the trend!
We got a correction from 3100 to just under 2800 already, that was the correction.
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I think we'll see a dump "correction" soonTM which will take us between 2600-2400 and then back up until 2.0 release for the major dump correction you mention.
I dont think this is happening. Don't let BTS buck you off, stay with the trend!
We got a correction from 3100 to just under 2800 already, that was the correction.
There seems to be resistance at the ~3100 level. That could portend a brief correction. I will buy again if the 3150 level is breached in earnest, otherwise I will wait to catch the dip.
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If it dips, I'm throwing a full 2000 mBTC in the ring!
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A funny thing. In a downtrend we call it a "dump", when its going sideways its a "correction", and when its up a ton its "profit taking". But those are all the same thing. :P
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I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
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I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
I think this is the time to buy before the next move up. This 2900 range is great buying zone.
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I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
Been reading your posts for the past few days. I don't know what to think of you man.
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We will probably stay under 1 cent until release.
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We will probably stay under 1 cent until release.
If we break 2600 anything can happen.
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Here comes the giant "M".
(http://i.imgur.com/bKSFW5O.jpg)
ahhhh, run for your lives! (or at least down to 2650). ;)
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Sell sell sell. Best time to sell is now.
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Everyone is bearish now, lol, but if it drops it should be bought. Some sort of triangle correction or ABC a bit lower probably. Once its done correcting we go break 3200.
People who sold 3000 got lucky that it worked. ;)
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People who sold 3000 got lucky that it worked. ;)
I don't know about all that. It's kind of a science after years of watching crypto pump & dumps.
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Yeah I am definitely very very berish for the next few weeks until I see the release. We wont see 3k I dont think though. Anyone planning any big buys this week I would wait this out IMHO.
ill wait till 2k to get in.
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ill wait till 2k to get in.
:P
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I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
So you are advising everyone to sell because we are going to consolidate between 25 and 30? How does consolidation at the highs equal a "major correction"? Not saying that you have no idea what your talking about, but your analysis doesn't really make sense
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I think an EPIC dump is going to happen over the next 4 days. We shall watch. Ill be back Friday to say I told you so. Back to 1900k
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I think an EPIC dump is going to happen over the next 4 days. We shall watch. Ill be back Friday to say I told you so. Back to 1900k
this is why it will go up instead. Ppl waiting for a big dip.
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I think an EPIC dump is going to happen over the next 4 days. We shall watch. Ill be back Friday to say I told you so. Back to 1900k
My Grandfathers Gorilla Glue #4 visions have confirmed this dump.
But he says you must be on peyote if you've seen visions of 1900. :P
I'd love to see 1900 right about now, but ... I don't have any peyote.
Someone throw some useless TA up so we can all mock you later with our vision strategy. :P
BTW, that dump ... she has a started.
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I think an EPIC dump is going to happen over the next 4 days. We shall watch. Ill be back Friday to say I told you so. Back to 1900k
My Grandfathers Gorilla Glue #4 visions have confirmed this dump.
But he says you must be on peyote if you've seen visions of 1900. :P
I'd love to see 1900 right about now, but ... I don't have any peyote.
Someone throw some useless TA up so we can all mock you later with our vision strategy. :P
Please everyone just sell I dont want you to get rekt. Massive dumps incoming.
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(http://i.imgur.com/58Ls9K6.jpg)
The artistry is a little malformed, timings off a little, but decent work.
(http://stream1.gifsoup.com/view/824576/the-horror-o.gif)
You can almost smell the panic on both sides right here at mid 2600 area. :P
If you sell here, you might get burned.
If you buy here, you might get burned (short term).
I'm phoning a friend. 1-BTS-WOLONG1
I'm no expert but ... this is not looking good.
Ander, what do all of these big red lines mean? Is that bad? I'm just having fun.
(http://i.imgur.com/pJhDB4Z.gif)
Man where is Miss Cleo when you need her?
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Yeah we may even see a new All time low here incoming
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Yeah we may even see a new All time low here incoming
New All Time Low? You're full of FUD.
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Yeah we may even see a new All time low here incoming
New All Time Low? You're full of FUD.
I like it when FUD is obvious like now, and I hate it when I I am lucking to identify FUD...
Obviously I feel very comfortable right now :)
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Weekly pump process of BTS based on speculation and gossips due to issue 2.0 version. 2.0 news already played out. Before 13th oct it will be dumped to 1900 - 2200sat, that is the most real scenario I think. Its can be pumped again closer to 13th and again this will be based on speculation. The real healthy grow will be after BTS community increasing, caused by effective technical breakthrough due to 2.0 version. I think this natural process will be extended in time of 1 - 3 months after the 2.0 version will be issued, and mostly it will depends of marketing organization of the project.
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It's pretty obvious what's going on here. Price shot up quite a bit after "October 13th" was announced, and now we've got a slight pullback after having jumped up so quick. We've still got 3 weeks until October 13th, so it's not like the price was just gonna keep going up linearly until that date. Now that the initial run-up has begun to lose steam, people will sell and try to buy back lower, knowing full well another pump is around the corner closer to October 13th. This is why we see guys throwing heavy amounts of FUD, so they can (re)buy lower.
I'll just keep on hodling as I always do.
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Weekly pump process of BTS based on speculation and gossips due to issue 2.0 version. 2.0 news already played out. Before 13th oct it will be dumped to 1900 - 2200sat, that is the most real scenario I think. Its can be pumped again closer to 13th and again this will be based on speculation. The real healthy grow will be after BTS community increasing, caused by effective technical breakthrough due to 2.0 version. I think this natural process will be extended in time of 1 - 3 months after the 2.0 version will be issued, and mostly it will depends of marketing organization of the project.
Your only 2 posts are copy of each other. And they claim price fall. Welcome to FUD club.
Your kind started to show up around here lately you know? And this gives me greater confidence to hodl on to my shares.
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Just do the exact opposite of what Blazin8888 says he's doing, and you should be alright.
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Charts are looking very very bad. This entire thing could be a bear trap.
BEST ADVICE:
SELL.
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Charts are looking very very bad. This entire thing could be a bear trap.
BEST ADVICE:
SELL.
A bear trap is actually a bullish chart pattern... It's meant to make it look like we are about to enter a bear market, but then shoots upward after a small correction. Hence trapping the bears.
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TYPO BULL TRAP
FALLING
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Come on guys, this Blazin8888 claimed he had tons of btc to buy bts and he "anounced" it in this forum, LOL.
Now he is telling us to sell because the price will go down, LOL.
When this guy says that the price will go up or down I don't think it's wise to listen to him, his posts belong to the polo trollbox.
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TYPO BULL TRAP
FALLING
Lol. I almost sold. :P
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The price is clearly falling +5%
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Sorry guys, I couldn't handle all the FUD. Had to sell. I'm just thankful that blazin brought me to my senses before it was too late and the low prices swallowed me whole and killed my dog.
:P
I hate how slow coinbase is. Got about 9 days left.
I take it your coinbase transfer came in early?
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Sorry guys, I couldn't handle all the FUD. Had to sell. I'm just thankful that blazin brought me to my senses before it was too late and the low prices swallowed me whole and killed my dog.
:P
I hate how slow coinbase is. Got about 9 days left.
I take it your coinbase transfer came in early?
Oh no not going to buy now anyways. The market is looking horrible. Good move to sell. This will fall much further during the rest of this week. We will probably reset to where we started before the countdown.
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spec·u·la·tion
noun
1. the forming of a theory or conjecture without firm evidence.
Can we change the title for this thread to "BTS Price Speculation"?
This should make it more apparent to everyone reading that the people posting are not always going to be 100% accurate or truthful with their comments ... like on CNBC. (bahahhaah) :P
It's the point of these types of threads, or so I thought. I want to read/hear every crazy ass theory on price I can and not discount a single one, for within them are truths for the trained eye.
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Sorry guys, I couldn't handle all the FUD. Had to sell. I'm just thankful that blazin brought me to my senses before it was too late and the low prices swallowed me whole and killed my dog.
:P
I hate how slow coinbase is. Got about 9 days left.
I take it your coinbase transfer came in early?
he got to u hey? I hope we get to pin your post on a new epic fail thread looking in hindsight.
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Seems like the traders who don't know bts and jumped in for the ride last week when it went up all sold and shorted and are now trying to FUD.
I bought back in in the 2800s with the part that I sold (not a lot this time), because I thought we were going to see a double bottom around 2800 and then rise again. Guess we went deeper, oh well. Good job anyone that waited, but I would be trying to get back in between 2500 and 2700.
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Seems like the traders who don't know bts and jumped in for the ride last week when it went up all sold and shorted and are now trying to FUD.
I bought back in in the 2800s with the part that I sold (not a lot this time), because I thought we were going to see a double bottom around 2800 and then rise again. Guess we went deeper, oh well. Good job anyone that waited, but I would be trying to get back in between 2500 and 2700.
Ive thought about doing that but it doesnt make sense to us because to accumulate our stacks and make it worthwhile it would take a pretty steep and prolonged retrace for us to recover our stacks at a cheaper price, the chances of that happening while liquidity is still low is very minimal, even though this would have presented the opportunity. In the end buy & hold works out better until liquidity is sufficient to dump and pump.
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I sold a couple hundred thousands in the 2800s when i saw the decline. I hesitated doing it at 3000. I'm still long on Polo with a base of 1748. Just buying the sub 2600 and hopefully sub 2400 dips until it starts climbing back up. Can't wait to be able to this kind of trading in BTS.
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I sold a couple hundred thousands in the 2800s when i saw the decline. I hesitated doing it at 3000. I'm still long on Polo with a base of 1748. Just buying the sub 2600 and hopefully sub 2400 dips until it starts climbing back up. Can't wait to be able to this kind of trading in BTS.
Yeah will probably fall to 1k maybe lower. Sorry guys.
Good move selling. Dont buy again till after 13th.
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I see there is something about people worrying the forum was hacked, and worried that tons of bts were going to get dumped as a result, might be why the correction is deeper.
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if you sell your bts, bts will fall. Simple..Now is the time to support the price, show the speculators that this community is backing up bts price and is not dumping..Let them pay more for your BTS that you kept for so long and the ones you had the balls to buy at low levels when others thought that bts is dead..
Let's try to be different for a change than everyone else. Let's make it clear that bts holders are holders and do not dump when we see a 100% rise from the low especially when bts2 is about to launch. DON'T SELL NOW!! We deserve more than that..
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if you sell your bts, bts will fall. Simple..Now is the time to support the price, show the speculators that this community is backing up bts price and is not dumping..Let them pay more for your BTS that you kept for so long and the ones you had the balls to buy at low levels when others thought that bts is dead..
Let's try to be different for a change than everyone else. Let's make it clear that bts holders are holders and do not dump when we see a 100% rise from the low especially when bts2 is about to launch. DON'T SELL NOW!! We deserve more than that..
Well said. Do not allow yourself to be manipulated by people like blazin8888. It is pretty obvious he is a troll. Ask yourself why he is so intent on getting you all to sell at this price. Could he and his PnD buddies be buying?
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Well said. Do not allow yourself to be manipulated by people like blazin8888. It is pretty obvious he is a troll. Ask yourself why he is so intent on getting you all to sell at this price. Could he and his PnD buddies be buying?
Yes everyone who got left behind became desperate to get in on a pullback and started trolling. :P
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if you sell your bts, bts will fall. Simple..Now is the time to support the price, show the speculators that this community is backing up bts price and is not dumping..Let them pay more for your BTS that you kept for so long and the ones you had the balls to buy at low levels when others thought that bts is dead..
Let's try to be different for a change than everyone else. Let's make it clear that bts holders are holders and do not dump when we see a 100% rise from the low especially when bts2 is about to launch. DON'T SELL NOW!! We deserve more than that..
Lol I doubt this forum has enough buying/selling power to really effect the price for more than a day. Putting our rings together like we're calling Captain Planet isn't going to do anything...
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Don't read too much into this, but ...
Anyone thinking that the 9/15 - 9/20 rise was "natural" is ... wrong, to put it mildly.
Also, to me, a "dump" is when you're not invested in a coin for anything other than BTC/fiat.
The temptation to sell into an obvious "pump" at peak is "natural", when you wish to obtain more at a lower price.
Or is it? Let's discuss it on Twitter @ #Idontreallycareeitherwaybecauseitsyourfuckingmoneysodowithitwhatyouwant
It's always going to come back down (hard) after a pump like this.
It's "natural" as a long term bull hodler to want to obtain even more precious shares at the expense of a "pumper" or those who are here to buy the hype for a quick buck.
The thing is, neither one of the above are part of this "Community".
One's here to pump & dump for more BTC/fiat, the others are here to ride the wave ... for more BTC/fiat.
Taking advantage of their myopic vision and ultimately inferior choice of cryptocurrency/"money" is something "Community" members should be doing IMHO.
I could be wrong.
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If I was just buying I would just hold, but when you are buying on margin you gotta sell sometimes to keep from getting ran over.
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I gotta admit though, 2200 is looking awful likely and dare I say, probably where we should be at "naturally". ;)
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I gotta admit though, 2200 is looking awful likely and dare I say, probably where we should be at "naturally". ;)
I strongly disagree. Most of the rise was pretty steady and non crazy, it only got crazy near the top. And we've already retraced the crazy part.
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I gotta admit though, 2200 is looking awful likely and dare I say, probably where we should be at "naturally". ;)
I strongly disagree. Most of the rise was pretty steady and non crazy, it only got crazy near the top. And we've already retraced the crazy part.
The "crazy part" starts on 9/4 and (this round) ended on 9/20. ;)
Also...
(http://i.imgur.com/4OXwPt1.jpg)
I have to agree with Blazin that on 9/25 we "should/could" be down to around 2200. Then a near week long lull and off to the races we go again ... or I could be wrong.
(http://i.imgur.com/Vf2BQVQ.jpg)
Disclaimer : I'm not attempting to FUD to get people to sell. I will buy if you sell at this crazy ass low price below 3000 sats, but that is not my intention by disclosing my opinion above. I've stated for a long time that any purchase below 3000 sats was cheap and I still believe that to this day. However, I don't think the charts agree with me and I believe many others think we should be lower than this right now. I will buy your BitShares though! ;)
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I gotta admit though, 2200 is looking awful likely and dare I say, probably where we should be at "naturally". ;)
The "craziness" started Nov Dec of 2014 (call it 3600 to 5000 satoshi). The craziness will end successfully i.e. with much improved product on Oct 13th.
If you do not think the average ~4300 is the very very bottom of reasonable you must have low hopes/opinion for BTS. That's why I wander what is this if not FUD in an attempt to buy cheap.
That's what it sounds like, at least.
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The "craziness" started Nov Dec of 2014 (call it 3600 to 5000 satoshi). The craziness will end successfully i.e. with much improved product on Oct 13th.
If you do not think the average ~4300 is the very very bottom of reasonable you must have low hopes/opinion for BTS. That's why I wander what is this if not FUD in an attempt to buy cheap.
That's what it sounds like, at least.
Yeah, no I don't agree with ~4300 with this v9 client that most people I've referred to BitShares can't run. Hell fuzzy can't get it to run. That's just brutal honesty. There's no other way to put it and I've said it before, the client sucks at doing what it's supposed to do, even at the most basic level. Dan knows this, hell you know this, right? So no, I'm not spreading FUD, BitShares is worth 1 cent at most right now as is and nothing more and that may be generous for outsiders.
When 2.0 is released and proven to work (far) better than 1.0, then I believe we'll see 7750 and beyond as time goes by.
But who are we kidding, 3000 sats vs 4300 sats (up to 6500 sats?) is still .01 USD, currently. ;)
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The "craziness" started Nov Dec of 2014 (call it 3600 to 5000 satoshi). The craziness will end successfully i.e. with much improved product on Oct 13th.
If you do not think the average ~4300 is the very very bottom of reasonable you must have low hopes/opinion for BTS. That's why I wander what is this if not FUD in an attempt to buy cheap.
That's what it sounds like, at least.
Yeah, no I don't agree with ~4300 with this v9 client that most people I've referred to BitShares can't run. Hell fuzzy can't get it to run. That's just brutal honesty. There's no other way to put it and I've said it before, the client sucks at doing what it's supposed to do, even at the most basic level. Dan knows this, hell you know this, right? So no, I'm not spreading FUD, BitShares is worth 1 cent at most right now as is and nothing more and that may be generous for outsiders.
When 2.0 is released and proven to work (far) better than 1.0, then I believe we'll see 7750 and beyond as time goes by.
But who are we kidding, 3000 sats vs 4300 sats (up to 6500 sats?) is still .01 USD, currently. ;)
Yee about fuzz. I do not think he is trying to get it to run...My theory is he has told his wife that he has some bitUSD and "he can sell them for a ton of BTS right about now." When the reality is - ha has only plain old BTS which are at 80-90% below their pick.... :)
What is your explanation of him having at least 10 people that can run the client for him and he can also trust they will not run with his money?
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Yee about fuzz. I do not think he is trying to get it to run...My theory is he has told his wife that he has some bitUSD and "he can sell them for a ton of BTS right about now." When the reality is - ha has only plain old BTS which are at 80-90% below their pick....
Let's discuss that on Twitter @ #Thatsnoneofmyfuckingbusiness ;)
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To buy and hold is what I sell, wait 5 years, it will be swell! For crazy peeps the market is, for longterm holders party is.
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@tonyk..lol..that is exactly what I have told my wife..That i have bitusd when the reality is that i just have good old very very expensive bts and no car anymore..
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Tuck I agree that the 0.9 client has problems. There were long stretches where I couldnt use bitshares because I couldnt get it to sync, though fortunately I got it working again recently.
That doesnt matter anymore because 2.0 fixes it.
2200 'could happen', anything 'could happen', but the probability is not in its favor.
Many signs are now indicating to me that 2580 was the bottom of the correction. It cut deeper than I expected, so congrats to all who sold higher, you did well.
Just please make sure you get back in lower than you sold. Especially us in the bitshares community should make sure not to miss out on the rise.
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Yeah looks to me its going to continue to fall so I would continue to sell off all my holdings while I can. Especially before OCT 13. Any potential investors reading this ...beware. Dont invest until after wallet migration.
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@tonyk..lol..that is exactly what I have told my wife..That i have bitusd when the reality is that i just have good old very very expensive bts and no car anymore..
I have told my wife that I probably get $300 per month since I expect to be one of the 17 "golden" future witnesses! That's a half paycheck here in Greece :P
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That doesnt matter anymore because 2.0 fixes it.
But that's not a realistic approach IMHO Ander.
2.0 doesn't exist, outside of a testnet. 2.0 has yet to do what it promises to do, even on a testnet.
That day may come and I hope it does and I anticipate it will, but it's not a reality ... yet.
I'm just not the kind of person to shove all-in with a gutshot straight draw, especially after watching many others get burned, unless it's a bluff. ;)
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Yeah looks to me its going to continue to fall so I would continue to sell off all my holdings while I can. Especially before OCT 13. Any potential investors reading this ...beware. Dont invest until after wallet migration.
Go away dipshit
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That doesnt matter anymore because 2.0 fixes it.
But that's not a realistic approach IMHO Ander.
2.0 doesn't exist, outside of a testnet. 2.0 has yet to do what it promises to do, even on a testnet.
That day may come and I hope it does and I anticipate it will, but it's not a reality ... yet.
I'm just not the kind of person to shove all-in with a gutshot straight draw, especially after watching many others get burned, unless it's a bluff. ;)
Just please Tuck get back in lower than you bought. I dont want to see you missing the rise and then joining newmine and blazin8888 by making FUD memes.
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if you sell your bts, bts will fall. Simple..Now is the time to support the price, show the speculators that this community is backing up bts price and is not dumping..Let them pay more for your BTS that you kept for so long and the ones you had the balls to buy at low levels when others thought that bts is dead..
Let's try to be different for a change than everyone else. Let's make it clear that bts holders are holders and do not dump when we see a 100% rise from the low especially when bts2 is about to launch. DON'T SELL NOW!! We deserve more than that..
I am thinking the opposite way... Hopefully FUDers make their job and give us our last chance to buy more BTS than we dreamed of!
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Just please Tuck get back in lower than you bought. I dont want to see you missing the rise and then joining newmine and blazin8888 by making FUD memes.
back in? who said i got out? i'm buying all the way down baby!
my goal is and always has been to accumulate as much of the top cryptocurrency as i can.
i assume the rest of you would like to obtain as much as possible too?
the only people who don't want to accumulate more bts now are those wanting dat fiat high.
i determined bitshares was "the chosen one" and invested accordingly.
please do not misinterpret my brutal honesty as negativity.
i'm a raging fucking bull full of bitshares man. if i create a negative meme, it's making fun of the bears.
i'm simply pointing out what i think is ludicrous.
hey look, it's Ludacris!
(http://i939.photobucket.com/albums/ad237/gnuxyz-p/2014-11-15_07h47_30_zpsaa7a1ac9.jpg)
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Yeah looks to me its going to continue to fall so I would continue to sell off all my holdings while I can. Especially before OCT 13. Any potential investors reading this ...beware. Dont invest until after wallet migration.
If newbies are reading this, I would not take anybody's "advice" on this forum. It's just noise. Do your own research and due diligence. And then realize that there are two types of "advice": short term and long term. Short term is for those trying to speculate on what the price will be in the next few weeks as we near the 2.0 launch. Longer term holders will tell you that you'd be crazy to sell at all with this monster set to debut soon.
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Yeah looks to me its going to continue to fall so I would continue to sell off all my holdings while I can. Especially before OCT 13. Any potential investors reading this ...beware. Dont invest until after wallet migration.
what holdings.. thought your btc wasnt in also you said you were "going to wait" to get in lol now you bought?
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Weekly pump process of BTS based on speculation and gossips due to issue 2.0 version. 2.0 news already played out. Before 13th oct it will be dumped to 1900 - 2200sat, that is the most real scenario I think. Its can be pumped again closer to 13th and again this will be based on speculation. The real healthy grow will be after BTS community increasing, caused by effective technical breakthrough due to 2.0 version. I think this natural process will be extended in time of 1 - 3 months after the 2.0 version will be issued, and mostly it will depends of marketing organization of the project.
Your only 2 posts are copy of each other. And they claim price fall. Welcome to FUD club.
Your kind started to show up around here lately you know? And this gives me greater confidence to hodl on to my shares.
If I have two posts that meens I am in a FLUD club?)) If you was more attentive, you would notice why i replay my post in this topic)) I put here my opinnion only, and I explained my conclusions. If you criticize then offer your own version. I belive at bitshare that their price will grows in 1 year. But this grows will be not in this week.
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
All arguments and analysis is in my post. I dont see yours analysis an argument, criticize Offer. I dont need your thoughtless assessments))
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lel, sell got pulled real fast with just a little nudge.
maybe we will go up from here.
whatever happens, I have my "Oh Noes!!!" and "such m00n" memes ready to go!
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I got my nets set for the falls and my cape on for the rise! :D
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
Ban him because he's not bullish BTS! He's a liar and anything said negative about BTS is FUD and the user should be BANNED! Nobody talks badly about my BTS baby...
Seriously though, banning someone because they said bts would fall is the dumbest thing i've heard in a long time and it shows you're probably way over invested. Maybe you should go trade the Chinese stock exchange where they throw anyone who sells in jail.
Blazin said the bts chart looks bad. He's allowed to have an opinion, especially in the price speculation area. Plus he's been right so far.
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
Ban him because he's not bullish BTS! He's a liar and anything said negative about BTS is FUD and the user should be BANNED! Nobody talks badly about my BTS baby...
Seriously though, banning someone because they said bts would fall is the dumbest thing i've heard in a long time and it shows you're probably way over invested. Maybe you should go trade the Chinese stock exchange where they throw anyone who sells in jail.
Blazin said the bts chart looks bad. He's allowed to have an opinion, especially in the price speculation area. Plus he's been right so far.
But he was, pumping and saying said that he had a large amount of bitcoin on the way that he was going to invest in BTS which was going to the moon. His manipulation is so blatant that it would hardly be worth commenting on for those who have been around for a while. But to Newbies and the less sophisticated traders or people for whom English is a second language it is perhaps dangerous and manipulative.
The main problem, however, is that he is CLEARLY GIVING INVESTMENT ADVICE which is probably cause for legal concerns.
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Good move selling. Dont buy again till after 13th.
lol this, a couple other comments and the claims of 250 inexistent btc ready to hit the exchanges make it clear he is just fudding. Should be more than obvious. It doesn't take too much to figure that out lol.
And while I agree that banning may be too exagerated based on a few comments, continuation and spreading fud deliberately and constantly should be a reason for ban. But that's just me who has an extremely different view of how these crypto forums should be run...
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
Ban him because he's not bullish BTS! He's a liar and anything said negative about BTS is FUD and the user should be BANNED! Nobody talks badly about my BTS baby...
Seriously though, banning someone because they said bts would fall is the dumbest thing i've heard in a long time and it shows you're probably way over invested. Maybe you should go trade the Chinese stock exchange where they throw anyone who sells in jail.
Blazin said the bts chart looks bad. He's allowed to have an opinion, especially in the price speculation area. Plus he's been right so far.
But he was, pumping and saying said that he had a large amount of bitcoin on the way that he was going to invest in BTS which was going to the moon. His manipulation is so blatant that it would hardly be worth commenting on for those who have been around for a while. But to Newbies and the less sophisticated traders or people for whom English is a second language it is perhaps dangerous and manipulative.
The main problem, however, is that he is CLEARLY GIVING INVESTMENT ADVICE which is probably cause for legal concerns.
1. What he's saying is not illegal in any way, at least in the US. Your allowed to publish advice/picks on a public forum or website. If he was charging for the advice, that's a different story.
2. People taking advice in a language they don't know, on a product they don't understand, from a guy named "BLazin" on a forum deserve whatever they get. No one should feel sorry or guilty for someone who does that and loses money.
3. No one ever screams manipulation when the price is doubling. People only complain when price falls. It's a free market, it's suppose to rise and fall. It's not manipulation or fud.
4. He's been right on his predictions. If you followed him you made money.
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Seriously though, banning someone because they said bts would fall is the dumbest thing i've heard in a long time and it shows you're probably way over invested. Maybe you should go trade the Chinese stock exchange where they throw anyone who sells in jail.
(https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSyZgmAaULbeY_TnJYC_wvz75uvzjJJKsgAQpfCkIupy62wc6GHZg)
2. People taking advice in a language they don't know, on a product they don't understand, from a guy named "BLazin" on a forum deserve whatever they get. No one should feel sorry or guilty for someone who does that and loses money.
So, you're saying I shouldn't have invested in BMF - Blazin Mutual Fund?
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Then let's party him! Cheers blazzin, respect to your predictions!
Jealousy?
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Well I was a buyer quite a long time ago. Doing pretty good now riding the BTS waves and have lurked these forums for a long time.
Fud can be good news as people are clearly trying to get an advantage and are interested in bts now.
However, I do think there should be a line especially on the "Official" bts site as it can clearly put new people off. The FUD world of crypto is crazy and at times in the past it has been damaging to other coins. It would be nice to not have to weed through the crap here to figure out whats real and not. In this case its pretty clear whats fud and not.
Given BTS is about to take off soon and trying to acquire new users I think the FUD has a more negative impact at this time as its counter productive to what BTS itself and holders are trying to achieve. That being said I just think it should be kept to a minimum and once it becomes clearly talk to damage the current state of bts then that user should go.
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That doesnt matter anymore because 2.0 fixes it.
But that's not a realistic approach IMHO Ander.
2.0 doesn't exist, outside of a testnet. 2.0 has yet to do what it promises to do, even on a testnet.
That day may come and I hope it does and I anticipate it will, but it's not a reality ... yet.
I'm just not the kind of person to shove all-in with a gutshot straight draw, especially after watching many others get burned, unless it's a bluff. ;)
Just please Tuck get back in lower than you bought. I dont want to see you missing the rise and then joining newmine and blazin8888 by making FUD memes.
When have I ever made a FUD meme? Please show me.
Tuck is right. This thing is going back down. Probably 1800 satoshi range. Then post Oct d- day, whatever rise in BTS you MAY get, it will be followed by hard sells for everyone that has been locked in BTS because of a shitty client. 2.0 does fix the fact that there are people who have been stuck and wanting to get out. Prepare for sells out of frustration and selling post "ex" date.
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ValentinJesse told us about Blazin8888. Please ban the FUDer. I guess he'll get back and go cry to newmine, but lying, FUDing and being aggressive deserves a ban.
denzi, 100% of your posts are FUD based on "your opinion/your conclusions". Could we have an insight into your analysis/arguments ? Or is it just an opinion based on a feeling ?
Ban him because he's not bullish BTS! He's a liar and anything said negative about BTS is FUD and the user should be BANNED! Nobody talks badly about my BTS baby...
Seriously though, banning someone because they said bts would fall is the dumbest thing i've heard in a long time and it shows you're probably way over invested. Maybe you should go trade the Chinese stock exchange where they throw anyone who sells in jail.
Blazin said the bts chart looks bad. He's allowed to have an opinion, especially in the price speculation area. Plus he's been right so far.
But he was, pumping and saying said that he had a large amount of bitcoin on the way that he was going to invest in BTS which was going to the moon. His manipulation is so blatant that it would hardly be worth commenting on for those who have been around for a while. But to Newbies and the less sophisticated traders or people for whom English is a second language it is perhaps dangerous and manipulative.
The main problem, however, is that he is CLEARLY GIVING INVESTMENT ADVICE which is probably cause for legal concerns.
1. What he's saying is not illegal in any way, at least in the US. Your allowed to publish advice/picks on a public forum or website. If he was charging for the advice, that's a different story.
2. People taking advice in a language they don't know, on a product they don't understand, from a guy named "BLazin" on a forum deserve whatever they get. No one should feel sorry or guilty for someone who does that and loses money.
3. No one ever screams manipulation when the price is doubling. People only complain when price falls. It's a free market, it's suppose to rise and fall. It's not manipulation or fud.
4. He's been right on his predictions. If you followed him you made money.
That is generally true. But this forum is filled with many very honorable and ethically attuned members who are trying to implement a positive for the betterment of humanity. People were doubting his bullshit 250BTC pump bullshit manipulation claim starting back at page 58 of this thread (while the price rise was still going strong).
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Tuck is right. This thing is going back down. Probably 1800 satoshi range. Then post Oct d- day, whatever rise in BTS you MAY get, it will be followed by hard sells for everyone that has been locked in BTS because of a shitty client. 2.0 does fix the fact that there are people who have been stuck and wanting to get out. Prepare for sells out of frustration and selling post "ex" date.
Image removed because Imgur got pwnd and tired of watching malwarebytes go off.
lel, I just bought a little. couldn't resist and just in case. ;)
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we will see 1400 or 1300 soon. Should not have bought in here.
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Speculation is not about what the value should be but what the price should be .
Speculations are about bubble , the price is related to how big the bubble is instead of how much value was in it .
IF there is a 100X bubble , increasing the value would reduce to bubble to 95X and could still remain the same price or even lower .
Unless the bubble is 1X ish , only then increasing the value should increase the price significantly .
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@Newmine: Come on mate..I understand that you are FUDing but also some times you bring valuable issues on the table..
but seriously saying that BTS will fall to 1800 with this daily volume is just not realistic at the moment..
Also hard selling after BTS2 is launched?? Seriously?? Do you think that most of us were buying all the way down and holding for the last two years so we can sell when BTS2 is launched and not actually use the platform??come on..FUD have its limits..
there is only one way bts is going from here and that is UP!
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@Newmine: Come on mate..I understand that you are FUDing but also some times you bring valuable issues on the table..
but seriously saying that BTS will fall to 1800 with this daily volume is just not realistic at the moment..
Also hard selling after BTS2 is launched?? Seriously?? Do you think that most of us were buying all the way down and holding for the last two years so we can sell when BTS2 is launched and not actually use the platform??come on..FUD have its limits..
there is only one way bts is going from here and that is UP!
Newmine never brought anything "valuable" on the table, poison is all that he has and he can find a lot of ways to deliver it, poison is poison, no matter how you serve it, and no, newmine has no limits FUDing.
(http://i.imgur.com/cnVmbc5.png)
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Down trending pressure continues. 1k incoming anytime now...
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Down trending pressure continues. 1k incoming anytime now...
1k bts cny? Quite bullish!
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I introduced two noobs to BitShares by giving them muh 'profits' off this little dip/dump/correction/gift from gawd ... so it's a Win/Win for everyone! ;)
If you played the game and did not fare well during this period, at least know some of your former BTS went to help spread BitShares adoption!
Ok, now back to your regularly scheduled m00n.
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Down trending pressure continues. 1k incoming anytime now...
More like reversal incoming. Already back up to 2720 sats. The bottom is in!
(http://www.quickmeme.com/img/4a/4a5c519396c22eef4722df1c81c2d589854e5bfe5982e1824d7d6e6d8a2650fd.jpg)
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What a troll-y correction. lol.
We fell to 2505, and the maximum allowable correction under EWave with the count that the recent rise was a wave 3 was to 2500, because wave 4 cannot cross into wave 1 territory. (Though if you dont couldnt the margin spike to 2500 on sept 5 you could get away with saying the real wave 1 high was 2354 I guess. That might be more accurate, since 2354 was actually the end of wave 1. Margin in low liquidity environments can cause spikes that warp things).
The wave 3 move went from 1735 to 3170, then retraced nearly 50%.
I guess there is room for a further drop if you consider 2354 the real top of wave 1, and if it went for a full 50% retracement it would go to 2452. But this scenario is less likely than the scenario where we do not go below 2500.
The next move targets 3500-4000 range. (Though it is possible that wave 5 extends, as is common in commodities and cryptos, in which case it can go higher). After that will be another correction (maybe the release time 'sell the news' correction, but it will be followed by a much larger rise in later on once the real wave III starts.
Anyway, thats how I expect it to play out. From here there is only one decent sell point, and that is on a rise to somewhere between 3500-5000, if you sell at the right point then you should be able to catch another 500-700 satoshi drop like we have been seeing.
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Anyway, thats how I expect it to play out.
(http://img.pandawhale.com/post-29949-Clay-Davis-SHIT-gif-sheit-shee-F8Y9.gif)
I'm relying on an old mans visions and you've got all this TA knowledge behind you!
I'm jealous ... and out gunned.
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Tuck you still correctly predicted this last drop better than me though. ;) I thought it wouldnt be as deep.
Because wave 2 retraced 61.8% on the nose pretty much, and usually wave 2 and 4 alternate (if one retraces deep, the other usually retraces lightly), so I expected a .382 retrace at the max, or maybe even a smaller one. So I thought ~2800 would be the low as a result of that. But we had an almost 50% retrace instead.
Thats why it was such a trolly retracement. :P
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
I think you traveled back in time!
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
link?
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
link?
He would need to send you a portal to his alternate universe to show you what he means.
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
link?
He would need to send you a portal to his alternate universe to show you what he means.
That explains all his posts Ander. And why his account blazin8888 isn't registered on the bitshares blockchain. He's not a troll he is posting from an alternate reality.
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
LTC?
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(http://i.imgur.com/oaeDeBh.jpg)
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(http://i.imgur.com/TOvw5MH.jpg)
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What a troll-y correction. lol.
We fell to 2505, and the maximum allowable correction under EWave with the count that the recent rise was a wave 3 was to 2500, because wave 4 cannot cross into wave 1 territory. (Though if you dont couldnt the margin spike to 2500 on sept 5 you could get away with saying the real wave 1 high was 2354 I guess. That might be more accurate, since 2354 was actually the end of wave 1. Margin in low liquidity environments can cause spikes that warp things).
The wave 3 move went from 1735 to 3170, then retraced nearly 50%.
I guess there is room for a further drop if you consider 2354 the real top of wave 1, and if it went for a full 50% retracement it would go to 2452. But this scenario is less likely than the scenario where we do not go below 2500.
The next move targets 3500-4000 range. (Though it is possible that wave 5 extends, as is common in commodities and cryptos, in which case it can go higher). After that will be another correction (maybe the release time 'sell the news' correction, but it will be followed by a much larger rise in later on once the real wave III starts.
Anyway, thats how I expect it to play out. From here there is only one decent sell point, and that is on a rise to somewhere between 3500-5000, if you sell at the right point then you should be able to catch another 500-700 satoshi drop like we have been seeing.
Did you follow on your own teachings?
I manage to add a heavy load (for me) in the low 25xxs, averaging ~2517 sat, in the last dump last night. :)
PS
More interestingly, lacking the "scientific knowledge" that this is supposed to be the max allowable retraction, I felt the need to defend the 2500 with whatever arms I got.
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People were just talking on polo, some guy that was margin long got liquidated last night and thats what drove it down to 2500 apparently.
Tonyk, yes defending 2500 should be very profitable once we rise again. Any buys in the 2500 - 2700 range are amazing.
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I would keep selling guys! This price should continue its downtrend over the next 4 days. We will see a sharp downtrend begin Friday....an even sharper one than now. +5% +5%
I think there is some worry about the transfer over to 2.0 people want to see how smooth it goes before real money comes in...or IF...it comes in.
What is the total supply of BTS?
How many new BTS are created per year?
How much exist now?
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I would keep selling guys! This price should continue its downtrend over the next 4 days. We will see a sharp downtrend begin Friday....an even sharper one than now. +5% +5%
I think there is some worry about the transfer over to 2.0 people want to see how smooth it goes before real money comes in...or IF...it comes in.
What is the total supply of BTS?
How many new BTS are created per year?
How much exist now?
Whats for dinner?
Are we there yet?
Why can't I have my cookies before bed? +5% +5%
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I would keep selling guys! This price should continue its downtrend over the next 4 days. We will see a sharp downtrend begin Friday....an even sharper one than now. +5% +5%
I think there is some worry about the transfer over to 2.0 people want to see how smooth it goes before real money comes in...or IF...it comes in.
What is the total supply of BTS?
How many new BTS are created per year?
How much exist now?
Does Bytemaster have a mustache in your universe?
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What is the total supply of BTS?
How many new BTS are created per year?
How much exist now?
And people wonder why crypto prices seem so random.
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I don't think we've put in the low for this correction. My guess is that we'll see a 50% retracement, which would take us to about 2400. Then we'll bounce around between 50% and the 38.2% fib line for 3-4 days before taking off to around 3900. Something like this:
(https://www.coinigy.com/assets/img/charts/560354f9.png)
https://www.coinigy.com/s/i/560354f9/
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The move up is not looking like the beginning of the next bull move, at least so far. Its possible that we need to correct for several more days, grinding slightly lower. Or maybe just a double bottom at 2500 or something. The .5 fib retracement is in the mid 2400s.
That said I'm not saying its sure to go down or anything. It could continue higher. Buy and hold is still best option for most.
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It also angers me that the bears might be correct about going a bit lower.
But they might be, short term.
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I don't think we've put in the low for this correction. My guess is that we'll see a 50% retracement, which would take us to about 2400. Then we'll bounce around between 50% and the 38.2% fib line for 3-4 days before taking off to around 3900. Something like this:
(https://www.coinigy.com/s/i/560354f9/)
https://www.coinigy.com/s/i/560354f9/
yeah, I can agree with most of that.
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tbone your post looks most likely to me. second most likely is we dont break below 2500 and we go higher.
After we finish correcting and move up again, then all the stuff I said earlier for upside targets will occur.
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I do not know about all of you guys with all the charts and stuff...I will just buy some in the low 26xx even if it is going to 23xx
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Dont know about you guys but.....Ill wait till 19k to buy more.
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Dont know about you guys but.....Ill wait till 19k to buy more.
Yet more evidence of an alternate reality. One where bitshares is set to fall to 19000 satoshis.
How do you spell berenstain blazin
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Still looks bullish to me
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just passing by to check this enclosure.
I see you're taking care of the trolls and feeding them nicely. good job everyone, but keep it civil.
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tbone's chart is correct imo, break of 2505 confirmed. Low will be around 2416 or 2257.
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Dont know about you guys but.....Ill wait till 19k to buy more.
I say 22k. tbones chart probably confirms this. Sept 5th, and the 15th are indicator points for support. My guess is around Oct 4th it blows past 35k. So sideways for a bit... hopefully not too long. I think Augur/ETH may be in play next week, so that may delay things. Still a lot of interest, which is great. rOach reminding trolls on Polo what BTS has to offer doesn't hurt either. And then there is BitcoinSatan... ALL HAIL!
If your buys get filled then good on ya, but mine are at 2250. If they don't get filled, then 2m will have to do.
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Someone's pulling money out of Ripple, it seems.
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Seems like money is leaving the BTS ship too fast almost. We are falling quick. I would advice anyone potentially investing for the next 4 days to tread carefully. DO NOT BUY. I WOULD SELL. This is prime time to get rid of your coin for a good value. The price should continue its downtrend from here over the next 4-8 days. I doubt we will even see a rally until later in the year if 2.0 can prove itself.
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I have to agree with Blazin that on 9/25 we "should/could" be down to around 2200. Then a near week long lull and off to the races we go again ... or I could be wrong.
Blazin, how much more of your mid-September BTS do you have left to sell us? ;)
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Seems like money is leaving the BTS ship too fast almost. We are falling quick. I would advice anyone potentially investing for the next 4 days to tread carefully. DO NOT BUY. I WOULD SELL. This is prime time to get rid of your coin for a good value. The price should continue its downtrend from here over the next 4-8 days. I doubt we will even see a rally until later in the year if 2.0 can prove itself.
You're so full of shite, my friend. Hope everyone takes your "advice" with a large lump of salt. Makes the shite go down smooth...oh, so smooth!
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Almost good enough to buy again :D
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It seems to me but I may be wrong that Europe and US are buying and then China dumps..If that is the case eventually the Chinese won't have anymore to dump so lets keep buying each one of us and then sell them back to them much more expensive
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I don't mind well reasoned bears in here, not at all, but this one is making a fool out of himself. Talking about the price dumping to "19k", him transferring hundreds of bitcoins to pump it on Poloniex.
Normally i wouldn't ever want to have someone banned, but it's not like i have the "ignore" button in here, so there's no option to censor him from my eyes. I would probably have to create a greasemonkey script for that. Also, if people will continue to engage the stupid troll, he will be here for the rest of our lives. It's like a validation for him.
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but it's not like i have the "ignore" button in here
Go to your profile.
Go to Modify Profile.
Select Buddies/Ignore List.
Add a name.
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but it's not like i have the "ignore" button in here
Go to your profile.
Go to Modify Profile.
Select Buddies/Ignore List.
Add a name.
Thank you! The bacteria was successfully eliminated.
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
No, he screams pump pump after he sees a few green candles and then the opposite at a few red candles. Where were you when he was talking about buying 200btc+ worth of BTS a few days ago ? Taking advice from a guppy bagholder that was pumping various scams on bitcointalk is not the way to go, even if he's right at this particular time.
+5% +5% +5% +5% +5%
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
No, he screams pump pump after he sees a few green candles and then the opposite at a few red candles. Where were you when he was talking about buying 200btc+ worth of BTS a few days ago ? Taking advice from a guppy bagholder that was pumping various scams on bitcointalk is not the way to go, even if he's right at this particular time.
+5% +5% +5% +5% +5%
+5%
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Relax people. Currently the price is heavily influenced by both people who have no idea what they're doing and by deliberate manipulators. Market cap is set by the traders, not the holders, so just keep buying from them until they figure out what they're doing.
Shorters need to pay enough attention not to get margin called, and traders need to watch out for missing any long term rises, but there's no need to panic about it.
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
No, he screams pump pump after he sees a few green candles and then the opposite at a few red candles. Where were you when he was talking about buying 200btc+ worth of BTS a few days ago ? Taking advice from a guppy bagholder that was pumping various scams on bitcointalk is not the way to go, even if he's right at this particular time.
That's just part of the short term trading game if we assume freedom of speech and greed and short term traders exist.
In the long run real value created can not be FUDed away.
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That's just part of the short term trading game if we assume freedom of speech and greed and short term traders exist.
Doesn't make it any less annoying. If he offered legitimate bearish insight (like Ander and Tuck have been doing) it'd be another story.
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Seems like money is leaving the BTS ship too fast almost. We are falling quick. I would advice anyone potentially investing for the next 4 days to tread carefully. DO NOT BUY. I WOULD SELL. This is prime time to get rid of your coin for a good value. The price should continue its downtrend from here over the next 4-8 days. I doubt we will even see a rally until later in the year if 2.0 can prove itself.
Seems to me that these are valid points for why BTS could continue to fall. We still don't know how exactly short positions will port over and there is still the chance that bts 0.9 could be active even after 2.0 is out. Just because he doesn't post bullish elliot wave charts doesn't mean Blazin's analysis isn't correct. And why does it matter that he trades other coins? Are we only allowed to invest in BTS, otherwise were trolls?
And who care's if Blazin is buying or selling with any amount of bitcoin. 200 btc is like 5-10% of the daily volume... it's not going to move the market that much.
What i'm getting at is let him state his views without you getting upset or offended because they don't match yours.
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Plus this rise was almost completely based on margin buying from poloniex... Of course it's going to fizzle and fall hard. Poloniex traders don't buy and hold. Hence why they are called traders.
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What do you mean "We still don't know how exactly short positions will port over"??
We do know. Shorts positions will rolover in the new system and people will be able to cover if they wish by buying bitusd closer to the peg due to higher liquidity and demand for bts and bitusd. So essentially anyone who shorts bitusd now will most likely earn the bitusd peg difference between now and post bts 2 that is like 15-20%?
Your incentive not to short bitusd now is that you believe that bts will be 20% less when bts2 launches that is @ $11 mil market cap..
Personally I am surprised that bts is again at $14 mil. I would think that by now we would be at $40 mil..
Just remember and compare with ripple. BTS can do anything that ripple does and much much more. Ripple has a market cap of $650 mil (taking into account the 100 bil xrps) and bitshares has a market cap of $14 mil, that is c50 times lower..
On the other side crypto is a strange market and logic doesn't apply many times. But probability wise I think bullish is in favor of bearish..So I would definitely advise potential investors to jump on BTS now. On the other side getting cheap BTS is also very tempting to keep it low profile at the moment. I am not in a hurry to sell my BTS at these levels :)
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That's just part of the short term trading game if we assume freedom of speech and greed and short term traders exist.
Doesn't make it any less annoying. If he offered legitimate bearish insight (like Ander and Tuck have been doing) it'd be another story.
Just don't read it :)
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
No, he screams pump pump after he sees a few green candles and then the opposite at a few red candles. Where were you when he was talking about buying 200btc+ worth of BTS a few days ago ? Taking advice from a guppy bagholder that was pumping various scams on bitcointalk is not the way to go, even if he's right at this particular time.
+5% +5% +5% +5% +5%
+5%
+5%
Yup. As I mentioned days ago, the uptrend ended at 3k. Now it's down for a while. 1900 is a good guess. This guy has not been wrong yet. Too much religion around here.
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Doesn't make it any less annoying. If he offered legitimate bearish insight (like Ander and Tuck have been doing) it'd be another story.
lel ... only Ander has anything legitimate to say.
Don't listen to me, I have no idea what I'm doing (the 'Grandfathers visions' should have been your clue), but I enjoy the game!
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What i'm getting at is let him state his views without you getting upset or offended because they don't match yours.
Exactly. And I've never complained about having too much information, even if I have to decipher it. ;)
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Well, I sold 2 million BTS yesterday between 2720 and 2640, and have now bought them all back between 2550 and 2400. Made a bit over 2 btc I think, which is now in bts as well.
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Made a bit over 2 btc I think, which is now in bts as well.
Good thing too, because when Dan makes his announcement tomorrow I bet we'll be breaking that 3100 barrier over the weekend.
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Made a bit over 2 btc I think, which is now in bts as well.
Good thing too, because when Dan makes his announcement tomorrow I bet we'll be breaking that 3100 barrier over the weekend.
Oh, do you know something is coming?
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Made a bit over 2 btc I think, which is now in bts as well.
Good thing too, because when Dan makes his announcement tomorrow I bet we'll be breaking that 3100 barrier over the weekend.
Oh, do you know something is coming?
(http://f.i.uol.com.br/fotografia/2013/09/09/315980-970x600-1.jpeg)
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Well he continues to be right... But all u guys do is patronize him because he is proving you wrong. He hasn't said anything rude or mean to anyone, yet you act like whiney kids and personally attack him. Guarantee none of you would act like this if he was saying buy. It's really embarrassing and you guys are the ones who warrant a block, not blazin.
A number of us have been saying we'll have further correction, including myself. But blazin is just trolling, has been as "right" as a broken clock, and is a proven liar. Clearly he could care less about contributing to this community. Have you not been following along?
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We were poking fun at him when he was waiting nine days for his 250BTC to clear. Now we are poking fun at him for fear mongering. I think some may have taken him too seriously and called him some nasty names. I am assuming positive intent and attempting to figure out exactly which alternate universe he is posting from. bts is over 19000 satoshis over there.
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I think its due to go higher. This friday will be a key day in deciding what happens when Bytemaster comes out with more info.
This is where he picked the bottom right before price rallied nearly 100%
I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
This is where he picked the top where price proceeded to fall 30%
Calling him a troll and full of shit is wrong. And calling him a broken clock being right twice a day is also wrong. Check his posts, they are not troll-y.
This forum is starting to sound like the Yahoo! Finance Message boards...
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Made a bit over 2 btc I think, which is now in bts as well.
Good thing too, because when Dan makes his announcement tomorrow I bet we'll be breaking that 3100 barrier over the weekend.
Regarding?
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bts is over 19000 satoshis over there.
I've ordered some peyote online in an attempt to reach that world so I can cash out there, come back and buy back in here.
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I think its due to go higher. This friday will be a key day in deciding what happens when Bytemaster comes out with more info.
This is where he picked the bottom right before price rallied nearly 100%
I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
This is where he picked the top where price proceeded to fall 30%
Calling him a troll and full of shit is wrong. And calling him a broken clock being right twice a day is also wrong. Check his posts, they are not troll-y.
This forum is starting to sound like the Yahoo! Finance Message boards...
He openly lies about buying hundreds of BTC of BTS to pump the price. How is that NOT a troll ?
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Regarding?
BitShares. ;)
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Man brutal sell offs happening.....does not look good at all..... +5% +5% +5% +5%
Down trending pressure continues. 1k incoming anytime now...
The price is clearly falling +5%
...maybe his posts began with coherent arguments, but these past couple days' posts have been nothing but rubbish.
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I think its due to go higher. This friday will be a key day in deciding what happens when Bytemaster comes out with more info.
This is where he picked the bottom right before price rallied nearly 100%
I think we will stay in between 2500- 3k for the next few months. I would advice everyone here to sell and wait this storm out. We should see a major correction anytime now.
This is where he picked the top where price proceeded to fall 30%
Calling him a troll and full of shit is wrong. And calling him a broken clock being right twice a day is also wrong. Check his posts, they are not troll-y.
This forum is starting to sound like the Yahoo! Finance Message boards...
He openly lies about buying hundreds of BTC of BTS to pump the price. How is that NOT a troll ?
How do you know he is lying? Do you have access to his accounts? Can you prove he is not buying? swinging $50k around in a trade is not that big of a deal for a lot of people...
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Regarding?
BitShares. ;)
The Insider Whale Club is fo' real! Blasphemy I say!!
All this talk about this random person is starting to be annoying. Why so much importance, just report, ignore, etc but 2 pages full of this talk.. I don't want this last corner of a civilized community to be infected by the Bitcointalk cancer
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Regarding?
BitShares. ;)
The Insider Whale Club is fo' real! Blasphemy I say!!
You gotta be in it, to win it! ;)
https://bitsharestalk.org/index.php/topic,16622.0/all.html
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So far so good. :)
(https://www.coinigy.com/assets/img/charts/5605455b.png)
https://www.coinigy.com/assets/img/charts/5605455b.png
I don't think we've put in the low for this correction. My guess is that we'll see a 50% retracement, which would take us to about 2400. Then we'll bounce around between 50% and the 38.2% fib line for 3-4 days before taking off to around 3900. Something like this:
(https://www.coinigy.com/assets/img/charts/560354f9.png)
https://www.coinigy.com/s/i/560354f9/
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So far so good. :)
(https://www.coinigy.com/assets/img/charts/5605455b.png)
Impressive stuff tbone. I'm liking it.
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Next stop is another trip down to 2380 probably. Tbone's chart is what to follow for the next week.
Once this consolidation period is over we will rise a bunch.
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Next stop is another trip down to 2380 probably.
Wut? After that announcement today from Dan?!
We're on schedule for October 13th baby, buy signals were all up in that announcement!
Don't let Dan's smooth radio voice and calm delivery lull you into a FUD sleeper cell!!!
The closest distance from BitShares to the moon is roughly 362,570 kilometers.
While this is the shortest path to the moon, the time it takes for this journey can vary drastically.
The time it takes to get to the moon depends on the speed of the blockchain making the journey, including its Community and the nature of its fuel system.
So don't fuel up with FUD Ander, it only delays the journey.
:P
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Next stop is another trip down to 2380 probably.
Wut? After that announcement today from Dan?!
We're on schedule for October 13th baby, buy signals were all up in that announcement!
Don't let Dan's smooth radio voice and calm delivery lull you into a FUD sleeper cell!!!
The closest distance from BitShares to the moon is roughly 362,570 kilometers.
While this is the shortest path to the moon, the time it takes for this journey can vary drastically.
The time it takes to get to the moon depends on the speed of the blockchain making the journey, including its Community and the nature of its fuel system.
So don't fuel up with FUD Ander, it only delays the journey.
:P
Does anyone know how many transactions are in a mile? We have had upward of 100 transactions per second on the test net. If we knew the conversion rate we might have a better idea of roughly when bitshares will moon.
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Does anyone know how many transactions are in a mile? We have had upward of 100 transactions per second on the test net. If we knew the conversion rate we might have a better idea of roughly when bitshares will moon.
42
I'm not sure we'll top NASA's New Horizons Pluto mission at 8 hours, 35 minutes though. (for those thinking it was Dogecoin)
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Blazin, where we going in the next 24 hours?
Next week?
Next month?
Next year?
When this thread is on page 7777?
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Blazin, where we going in the next 24 hours?
Next week?
Next month?
Next year?
When this thread is on page 7777?
All blazin does is talk his book. If he is long he says to buy and claims he is about to buy hundreds of btc worth, when in fact he already bought. When he is short he says that brutal dumps are coming.
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Next stop is another trip down to 2380 probably.
Wut? After that announcement today from Dan?!
We're on schedule for October 13th baby, buy signals were all up in that announcement!
Unexpected news moves the market, but expected news doesn't. The market expects things to be ready on Oct 13, so Dan reaffirming that wasnt a big mover.
So don't fuel up with FUD Ander, it only delays the journey.
Not trying to, simply explaining what I forsee from the chart. Which could be wrong of course. It looks to me like a little more down, then big up in a few days.
Basically what Tbone posted.
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getting close to market giving us a hint on next move up or down, either way I still see a test of 0.08CNY
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Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
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Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
Lol. you don't see a reason for people to speculate until they see the final product. I think speculate might mean something different in your universe.
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Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
Lol. If only that were true then we could all buy more.
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You have it backwards. Declining volume is exactly what you want to see during a retracement. Increasing volume on the way down would be a bad sign. So in fact the chart looks very bullish. And your overall analysis is infantile.
Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
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You have it backwards. Declining volume is exactly what you want to see during a retracement. Increasing volume on the way down would be a bad sign. So in fact the chart looks very bullish. And your overall analysis is infantile.
Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
Actually you are wrong. The charts indicate heavy selling and the price is on the downtrend. The sell pressure has slowly been growing all day.
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You have it backwards. Declining volume is exactly what you want to see during a retracement. Increasing volume on the way down would be a bad sign. So in fact the chart looks very bullish. And your overall analysis is infantile.
Looks like we are heading face first to the floor. 1500 SAT by next friday. Market volume has continued to fall over the past 48hours and I dont see any reason for people to continue to speculate or buy BTS until we see the final product at 2.0.
Actually you are wrong. The charts indicate heavy selling and the price is on the downtrend. The sell pressure has slowly been growing all day.
You should go back at look at what the BTS price did in the week leading up to the release of BitAssets on the 25th of August last year...
http://coinmarketcap.com/currencies/bitshares/#charts
BTSX went from $16 million on Aug 14th to a high of $109 million on Aug 26th 02:00.
While I expect the price rise to be much much less to start with BTS 2.0, the tendency for BTS and other alts is to rise leading into a big release and then rise more if it works well.
Nevertheless here we are again at $15 million just a few weeks before a big release...
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Not trying to...
I was being facetious.
I used to have a disclaimer. :P
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Actually you are wrong. The charts indicate heavy selling and the price is on the downtrend. The sell pressure has slowly been growing all day.
Thank you. We are all refreshed and challenged by your point of view.
:D
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Sold some near 2600 this morning to try and play the expected pullback. Got some when it dropped, but then had to buy the rest back higher so it ended up being about a wash. Glad to see BTS rise beginning. :)
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Sold some near 2600 this morning to try and play the expected pullback. Got some when it dropped, but then had to buy the rest back higher so it ended up being about a wash. Glad to see BTS rise beginning. :)
Be careful with what you are doing mate. The other day you mentioned selling 2 mil bts and buy them back.
1. that is a huge amount of bts (at least for me) to keep on an external exchange.
2. you may get f.. when suddenly a bullish wave comes and you may end up not being able to buy back and pay much more later on just to make a small profit and lose all the upside. I would not like to see this happening to you since you are part of the bitshares family..people who short now bts should get margin called again and again until they realize what they missed.
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mf-tzo. I've never shorted BTS.
I'm withdrawing every day from polo but can only get about 300k a day off.
If i sell 1/3 of my BTS and then it goes to the moon, then Bitshares still went to the moon with me having millions of it. ;)
I appreciate the concern. Any time somoene else says they sold at a time I think its about to go up, I get worried for them too ;)
I am just trying to beat the other traders so they have less BTS to sell. I dont plan to sell out of mine for a very long time, and only a bit at a time once its a lot higher.
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... with me having millions of it. ;)
I wish I had millions .. :-/
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Blazin is very helpfull if you look at him from the other coner)) If he said that BTS will be 1500 its meen that it wiil be growth to 3500. its a signal
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Hint given.. Its a baby bull! Aww
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I play the pullbacks too.... by shorting bitUSD
I might be able to do that with you guys when 2.0 comes out and I can get a client to work more reliably. Still, shorting bitUSD is a margin long, which I dont like. I'd be more likely to convert to bitUSD at highs than to try short at lows.
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I play the pullbacks too.... by shorting bitUSD
I might be able to do that with you guys when 2.0 comes out and I can get a client to work more reliably. Still, shorting bitUSD is a margin long, which I dont like. I'd be more likely to convert to bitUSD at highs than to try short at lows.
The internal exchange isn't really liquid enough, but if you wanted to a $10 a month DO server is enough to run a backend to a webwallet.
And pretty easy to set up.
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I might be able to do that with you guys when 2.0 comes out and I can get a client to work more reliably.
I'm stuck in wallet hell right now myself and haven't been able to access my funds for days. :-\
Update : Finally got it going again!
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
Maybe... but should never go against the grain which is up since we know a new release is coming and theres interest. To me doesnt make sense to try to trade minor swings because it will be net negative if you happen to miss big moves.
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
Maybe... but should never go against the grain which is up since we know a new release is coming and theres interest. To me doesnt make sense to try to trade minor swings because it will be net negative if you happen to miss big moves.
Making 2% a week short term trading bts will make you more money than holding bts ever could. People get too focused on hitting home runs that go up 10x. There is a reason compound interest was called the eight wonder of the world.
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
Maybe... but should never go against the grain which is up since we know a new release is coming and theres interest. To me doesnt make sense to try to trade minor swings because it will be net negative if you happen to miss big moves.
Making 2% a week short term trading bts will make you more money than holding bts ever could. People get too focused on hitting home runs that go up 10x. There is a reason compound interest was called the eight wonder of the world.
True but 2% a week is tough especially scaled up
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There was a time for selling to try to buy back lower, but it has passed and the bottom was near 2350. We are now moving back up.
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
Maybe... but should never go against the grain which is up since we know a new release is coming and theres interest. To me doesnt make sense to try to trade minor swings because it will be net negative if you happen to miss big moves.
Making 2% a week short term trading bts will make you more money than holding bts ever could. People get too focused on hitting home runs that go up 10x. There is a reason compound interest was called the eight wonder of the world.
Negative. You won't get the swings right consistently. Not on a single asset anyway. Your best bet is to hold for not just a 10x, but 100x or 1000x+ gain. Sell a very small portion of your stash here and there on the way up and if you are lucky you may get to buy back at a cheaper price. Of course it's kind of a long shot whether we see those gains or not, but Bitshares has the best potential of anything I see out there. For those who weren't vested in the 2013 bitcoin bull market, it was a bad idea to sell because you may never see those prices again, especially during the spring bull, and it happened very quickly. If Ander's call for a third wave is correct, then bitshares will see something very similar at some point.
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I would continue to sell guys. The price outlook is not looking good for the next month or so. We will see new all time lows when 2.0 drops.
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BTS looking more and more bullish with every short term higher high and higher low. WE'll break 2800 soon adn the start rocketing I think.
Maybe... but should never go against the grain which is up since we know a new release is coming and theres interest. To me doesnt make sense to try to trade minor swings because it will be net negative if you happen to miss big moves.
Making 2% a week short term trading bts will make you more money than holding bts ever could. People get too focused on hitting home runs that go up 10x. There is a reason compound interest was called the eight wonder of the world.
Negative. You won't get the swings right consistently. Not on a single asset anyway. Your best bet is to hold for not just a 10x, but 100x or 1000x+ gain. Sell a very small portion of your stash here and there on the way up and if you are lucky you may get to buy back at a cheaper price. Of course it's kind of a long shot whether we see those gains or not, but Bitshares has the best potential of anything I see out there. For those who weren't vested in the 2013 bitcoin bull market, it was a bad idea to sell because you may never see those prices again, especially during the spring bull, and it happened very quickly. If Ander's call for a third wave is correct, then bitshares will see something very similar at some point.
Actually it's positive. If u can be right 60% of the time and even have a 1:1 return vs loss you can start with 5 grand and be a millionaire within 200-400 trades. If u can generate trades daily u could turn that 5 grand into a million in less than 5 years. Even if Bitshares explodes you still won't beat compounding interest effect of small trades.
If you want to learn more about how small repeatable wins wipe the floor with home run/lotto guesses, I suggest you download the Ritchie rule app. It's a simulator designed by one of the most famous traders ever and it's only 99 cents.
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A 10% edge is pretty huge, i dont think theres a trader in this forum that can do that, in general it will tend towards 50/50 with a few percent edge factoring in spreads and costs. Although some years may seem better others may be negative. If you have traded 100 times with 60% win rate maybe you should try expinential trade sizes to try to get rich quick.
In the end the strategy that works best long term are those that remove initial outlay and let your winners run. Thats buy and hold with making back your initial investment. Essentially removing risk and lesving reward.
If you are lucky this year go for it.
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I would continue to sell guys. The price outlook is not looking good for the next month or so. We will see new all time lows when 2.0 drops.
Im curious if this 100btc short sell order that r0ach mentions at bitcointalk is yours Blazin? :)
https://bitcointalk.org/index.php?topic=1171109.msg12531970#msg12531970
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I would continue to sell guys. The price outlook is not looking good for the next month or so. We will see new all time lows when 2.0 drops.
Im curious if this 100btc short sell order that r0ach mentions at bitcointalk is yours Blazin? :)
https://bitcointalk.org/index.php?topic=1171109.msg12531970#msg12531970
Its someone names cagara, who has been saying he is short over 4M bts.
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Come on, nobody's that stupid :P
Maybe he's trying to talk it up so he can go short. Why would you tell anyone you are short, unless you want them to think that you are?
Ego.
Cagara has been spewing hate for bts for weeks. He's been shorting for a while too.
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Come on, nobody's that stupid [emoji14]
Maybe he's trying to talk it up so he can go short. Why would you tell anyone you are short, unless you want them to think that you are?
Ego.
Cagara has been spewing hate for bts for weeks. He's been shorting for a while too.
Are there good reasons for his hate?
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Come on, nobody's that stupid [emoji14]
Maybe he's trying to talk it up so he can go short. Why would you tell anyone you are short, unless you want them to think that you are?
Ego.
Cagara has been spewing hate for bts for weeks. He's been shorting for a while too.
Are there good reasons for his hate?
Not that I'm aware of. He is a trader who likes to boast about trading psychologies, and likes to reveal his position and intent. Hate? No... just greed.
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Wow so soon we might have a 100btc buy at market price, assuming price doesn't drop? That would mean a whale who just keeps shorting BTS might have a significant loss, nice. Maybe we'll have less shorts once that happens and people get afraid
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So if we don't break 2800, back to 2650 to stage for re-test?
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Publicly shorting is a viable strategy, ala Bill Ackman. But you better have the goods.
Shorting BTS at these levels and with the news flow these days... get your popcorn ready.
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Ready to long.
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Publicly shorting is a viable strategy, ala Bill Ackman. But you better have the goods.
Shorting BTS at these levels and with the news flow these days... get your popcorn ready.
Yeah if youre gonna publically short, maybe you need to have a lot of capital and be shorting something thats in a downtrend and has weakfundamentals.
His shorting BTS in this case is just walking in front of a train.
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It prob started as a quick scalp but his greed took over to try to atleast break even.. That move up few weeks ago caught alot off gaurd., i bet the market teaches him a lesson, seperate fools from money is the game.
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100 btc does not look like a huge number for the trade volumes of late. Maybe I am wrong and most everybody is doing what Ander is doing or what I am doing ( I am trying to catch what I consider would be lows and selling in strong rallies and hopefully short squeezes, using up to 10% of my BTS as collateral - much safer strategy then his, imho) which introduces a lot of trading volume.
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tony thats pretty much what i am doing. I just went over 10% that one time and was correct. ;)
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Has anyone doing short term trading considered tax implications? Do you think you have to pay short term gains on BTS/BTC trades? If thats the way it works it may be an accounting nightmare.
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I say call them like kind exchanges.
Sent from my iPhone using Tapatalk
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noob here, just remembered reading some stuff about double tops and that people usually short when that happens. Could we possibly have one during this week? And then it will dip? So if we hit 3k in the following days, couldn't that be risky too?
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noob here, just remembered reading some stuff about double tops and that people usually short when that happens. Could we possibly have one during this week? And then it will dip? So if we hit 3k in the following days, couldn't that be risky too?
Take a look at the 6 hr chart or something similar. The volume should be the highest by far at a top. If we break the high then id want to see buying climax volume before considering selling.
Im basing it on the signature of the moves in bts the last few months
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Has anyone doing short term trading considered tax implications? Do you think you have to pay short term gains on BTS/BTC trades? If thats the way it works it may be an accounting nightmare.
Do you have a capital gains allowance in the US?
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Has anyone doing short term trading considered tax implications? Do you think you have to pay short term gains on BTS/BTC trades? If thats the way it works it may be an accounting nightmare.
Do you have a capital gains allowance in the US?
We have short term and long term capital gains... anything held over a year is long term. Long term is substantially less percentage than short.
What I'm wondering is about making trades in the crypto world. Are all crypto's considered the same, and you just take taxes out after you convert back to fiat no matter how many cross crypto trades you had during that time?
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Has anyone doing short term trading considered tax implications? Do you think you have to pay short term gains on BTS/BTC trades? If thats the way it works it may be an accounting nightmare.
Do you have a capital gains allowance in the US?
We have short term and long term capital gains... anything held over a year is long term. Long term is substantially less percentage than short.
What I'm wondering is about making trades in the crypto world. Are all crypto's considered the same, and you just take taxes out after you convert back to fiat no matter how many cross crypto trades you had during that time?
I read up somewhere that the IRS have already made a ruling that swapping from one crypto currency to another is considered a "taxable event", so no you have to keep a record every time you make a crypto trade, or else you go to the slammer.
Some here have theorized that trading inside the BitShares blockchain wouldnt be a taxable event, but to me that sounds like wishful thinking. In the UK however gambling is not taxable, so I think you could argue that trading inside BTS is like gambling.
/not an expert
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So if we don't break 2800, back to 2650 to stage for re-test?
Yes ;)
And time to buy again.
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Has anyone doing short term trading considered tax implications? Do you think you have to pay short term gains on BTS/BTC trades? If thats the way it works it may be an accounting nightmare.
Do you have a capital gains allowance in the US?
We have short term and long term capital gains... anything held over a year is long term. Long term is substantially less percentage than short.
What I'm wondering is about making trades in the crypto world. Are all crypto's considered the same, and you just take taxes out after you convert back to fiat no matter how many cross crypto trades you had during that time?
I read up somewhere that the IRS have already made a ruling that swapping from one crypto currency to another is considered a "taxable event", so no you have to keep a record every time you make a crypto trade, or else you go to the slammer.
Some here have theorized that trading inside the BitShares blockchain wouldnt be a taxable event, but to me that sounds like wishful thinking. In the UK however gambling is not taxable, so I think you could argue that trading inside BTS is like gambling.
/not an expert
In BTS2 you will never lose your trading history .. hence, for your taxaction you can than simply take a look at your history and do your math ..
Remark: This actually would be a nice business opportunity for tax attorneys that know how to automatically derive your tax from the BTS account name :) .. just saying
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This actually would be a nice business opportunity for tax attorneys that know how to automatically derive your tax from the BTS account name :) .. just saying
+5% If all goes well, our work with Winheller(.com) will bring this kind of service to all Bitshares account holders. Before the 13th, I am meeting with them about this and a number of other benefits for them/us.
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This actually would be a nice business opportunity for tax attorneys that know how to automatically derive your tax from the BTS account name :) .. just saying
+5% If all goes well, our work with Winheller(.com) will bring this kind of service to all Bitshares account holders. Before the 13th, I am meeting with them about this and a number of other benefits for them/us.
If they need technical advice, just head them my way .. as usual :D
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This actually would be a nice business opportunity for tax attorneys that know how to automatically derive your tax from the BTS account name :) .. just saying
+5% If all goes well, our work with Winheller(.com) will bring this kind of service to all Bitshares account holders. Before the 13th, I am meeting with them about this and a number of other benefits for them/us.
If they need technical advice, just head them my way .. as usual :D
+5% Thank you xeroc
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Deviated a bit, but perhaps on track again? We're getting a nice bounce right above the 50% fib of the move from 1700-3100. Actually, we bounced right on the 38.2% fib (heavier dashed line) of the larger move from 1400-3100.
Notice that I added to the original chart the 3 most relevant fib lines from the larger move, excluding the other levels to keep the chart from getting too cluttered. Just keep in mind that those heavier dashed lines are fib retracement levels for the larger move from 1400-3100.
In any event, hopefully it's up from here, although we may bounce around a bit first. It also should not be surprising at all to see further retracement to any of the next 2 lower fib levels of both the 1700-3100 and the 1400-3100 moves. Interestingly, these 2 next levels down line up almost dead on (i.e. 61.8% of smaller move lines up with 50% of larger move, and 76.4% of smaller move lines up with 61.8% of larger move.). While these levels are certainly possible, each successively lower level is increasingly less likely. And if visited, I will personally consider each of them opportunities to increase my position further (I have been buying constantly since May and have not sold even a single BTS along the way).
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P.S. You may have noticed that the 2nd chart has the 100% level at the top while the 1st and 3rd charts have the 100% level at the bottom. That's because I often reverse the fib levels to look at the fib extensions to help predict where we might be headed after we break above the recent highs...and I forgot to unreverse it before posting the 2nd chart a few days ago. Maybe I'll have time to post a new chart showing those fib extensions at some point.
(https://www.coinigy.com/assets/img/charts/560945a7.png)
https://www.coinigy.com/assets/img/charts/560945a7.png
So far so good. :)
(https://www.coinigy.com/assets/img/charts/5605455b.png)
https://www.coinigy.com/assets/img/charts/5605455b.png
I don't think we've put in the low for this correction. My guess is that we'll see a 50% retracement, which would take us to about 2400. Then we'll bounce around between 50% and the 38.2% fib line for 3-4 days before taking off to around 3900. Something like this:
(https://www.coinigy.com/assets/img/charts/560354f9.png)
https://www.coinigy.com/s/i/560354f9/
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Oh well, shouldve waited for 2400 instead of 2600, but in the end it wont be a big deal.
Instead of 'bounce between 2400 and 2600' we are moving between 2400 and 2800. Until we break higher again for the next move up.
More important to not miss the rise.
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When did the 2200 shorting guy place that bet?
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Only 10 btcs of sells back to 2700, and a 16 btc buywall in pale at 2600. The low is in guys! :)
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Only 10 btcs of sells back to 2700, and a 16 btc buywall in pale at 2600. The low is in guys! :)
I have almost no idea what all this means, but I love reading the play by play commentary so cheers for doing this Ander.
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(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-09-28%2017.23.53.png)
The downtrend that started on the 21st is meeting the uptrend that started on the 24th. These two waves will resolve in either direction by the 30th. I have no idea which direction it will move, but certainly by Wednesday or Thursday we should see some more dramatic movement. My two bts.
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Only 10 btcs of sells back to 2700, and a 16 btc buywall in pale at 2600. The low is in guys! :)
I have almost no idea what all this means, but I love reading the play by play commentary so cheers for doing this Ander.
He hàs developed quite the following around here
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(https://dl.dropboxusercontent.com/u/38768040/Screenshot%202015-09-28%2017.23.53.png)
The downtrend that started on the 21st is meeting the uptrend that started on the 24th. These two waves will resolve in either direction by October 30th. I have no idea which direction it will move, but certainly by Wednesday or Thursday we should see some more dramatic movement. My two bts.
+5%
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(https://dl.dropboxusercontent.com/u/38768040/Screenshot%202015-09-28%2017.23.53.png)
The downtrend that started on the 21st is meeting the uptrend that started on the 24th. These two waves will resolve in either direction by October 30th. I have no idea which direction it will move, but certainly by Wednesday or Thursday we should see some more dramatic movement. My two bts.
+5%
I think it'll move in the direction of the quality of the 2.0 wallets (Graphene, Moonstone and Limewallet)..
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I agree that the pennant shown in your chart will resolve in the next day or two. Below is my version. Considering the fundamentals and the fact that we're in a strong, new uptrend, my guess is that this pattern will resolve UP (perhaps along the line of my original blue breakout arrow). This guess is bolstered by the fact that we have hidden bullish RSI divergence (see dashed orange lines). Also, pennants tend to be continuation patterns, which means continuing in the same direction that led into the pennant. Pennants also indicate potential size of the move once the breakout occurs. Often the size of the breakout is equal to the size of the move leading into the pennant (see the 2 vertical arrows). Interestingly, this projection matches up almost perfectly with the 161.8 fib extension that I alluded to in my last post. Based on this, my best guess is that the next leg up will take us to the 3900 range.
P.S. There's always the possibility that we could have a false breakout to the downside before moving up. If this happens, there's a good chance we will bounce off one of the lower fib lines discussed previously.
(https://www.coinigy.com/assets/img/charts/560a24fc.png)
https://www.coinigy.com/assets/img/charts/560a24fc.png
(https://dl.dropboxusercontent.com/u/38768040/Screenshot%202015-09-28%2017.23.53.png)
The downtrend that started on the 21st is meeting the uptrend that started on the 24th. These two waves will resolve in either direction by October 30th. I have no idea which direction it will move, but certainly by Wednesday or Thursday we should see some more dramatic movement. My two bts.
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BitShares woke up with a raging boner for m00nville this morning.
For more in depth BitShares analysis you can't find anywhere else ...
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It looks like we are still looking for the new bottom. The price should continue to fall for now.
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It looks like we are still looking for the new bottom. The price should continue to fall for now.
8 days are almost up for your credability
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It seems like we are still in the sideways grind part of the correction. See what it did in the 1900 to 1750 range a couple weeks ago. Eventually it should break higher, probably within the next few days. Just waiting. ;)
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Highly doubt that.
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Highly doubt that you really doubt !
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Blazin8888 = Cagara? :-P
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"Friday we start moving. So get packed!" - bts-wolong
We're either moving to a new office on Friday or ...
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"Blazin = Cagara"
That thought cross my mind a couple of times !
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Cagara in polo chat a bit ago:
"My new ETH short is now at -2 BTC 10 seconds after I opened it".
Lol.
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"Blazin = Cagara"
That thought cross my mind a couple of times !
It must be him!
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The rally time is getting closer...
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This was literally RIGHT after a 40 btc dump. So it seems it isnt a lie, he really is short this much.
(http://s11.postimg.org/sp1x458j7/bts.png)
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This was literally RIGHT after a 40 btc dump. So it seems it isnt a lie, he really is short this much.
(http://s11.postimg.org/sp1x458j7/bts.png)
haha i caught him on that right before he started chatting it was obvious.. so he says hes short 5534919.41673062 but I personally think its more.... he says hes at 40% margin so I wonder where his margin call would be?
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Hard to tell where margin call is based on that because he is ALSO short on eth which he is down on as well now.
So an ETH rise or a BTS rise hurts his margin level. I'm rooting for ETH again now. :)
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Apparently cagara said he is currently at 40% collateral, which means he is now 2.5x on margin. Thats the point polo stops letting you margin more. So now we cannot dump anymore and is losing his grip on the BTS market because he cannot hold it down any longer.
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Pennant formation now set to resolve on or about Oct 4. The weekend could be interesting.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-09-30%2015.23.34.png)
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A warning to anyone lending out BTS on polo right now:
Normally lending is pretty safe. (Basically you are risking the exchange getting goxxed, just like if you are keeping them on an exchange as normal).
But right now we have a weird scenario where one insane guy (cagara) is trying to borrow and short way more BTS than one person should reasonably have as a position, and more than the market's orderbooks could really handle at one time. Worse, he apparently just keeps adding more to it when it goes against him.
What could happen if BTS starts to rise is this:
BTS buys drive the price up and clear a lot of the sell orders out of the orderbook. Seeing the rise, more sellers pull their orders. Sell side declines significantly.
Cagara's short becomes at a greater loss, and eventually he gets margin called. However, he is short so much that the amount can no longer be filled near the market price, because 6 million or more BTS buy will drive the price up MASSIVELY, especially after some buy clear out a lot of it.
The result is that cagara's margin call might drive the market up so much that his remaining btc is not actually sufficient to buy enough back, leaving him sitting with a BTS short remaining open but no capital.
At this point the lender cannot get their BTS back.
The lending rates are really low right now. You should NOT be taking this risk of the margin liquidation of this insane individual causing him to be unable to repay your lended BTS! I have pulled all my lending BTS (and am withdrawing each day).
Withdrawing lending BTS also keeps him from continuing to suppress the price with more shorts, if everyone does it. At the very least you should be asking for 1-2% daily to cover the risk you are taking, and also bleed him for his manipulation of the BTS price.
In normal situations lending can be a good idea to get a bit of free coins, but this is not a normal situation, and lending at .02% like some people are doing is lunacy.
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Is there a reason to believe cagara? I mean it's a pretty suicidal move and he is saying all this on a trollbox right? What am I missing? Seems pretty likely he's exaggerating his moves and pretending to be a whale, no?
I mean if this is true, then everyone should just pull their sell orders and it will moon.
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He literally announced he was shorting 40 btc worth today AS IT HAPPENED.
Everything is consistent with what he is saying being true, and he is just incredibly cocky and overconfident.
People do this kind of thing.
Some guy posted on reddit that he was margin long 20000 ETH and that if it went to a certain price he would get margin called. Then it happened, because DUH, someone is going to ruin you if you post that.
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A warning to anyone lending out BTS on polo right now:
Normally lending is pretty safe. (Basically you are risking the exchange getting goxxed, just like if you are keeping them on an exchange as normal).
But right now we have a weird scenario where one insane guy (cagara) is trying to borrow and short way more BTS than one person should reasonably have as a position, and more than the market's orderbooks could really handle at one time. Worse, he apparently just keeps adding more to it when it goes against him.
What could happen if BTS starts to rise is this:
BTS buys drive the price up and clear a lot of the sell orders out of the orderbook. Seeing the rise, more sellers pull their orders. Sell side declines significantly.
Cagara's short becomes at a greater loss, and eventually he gets margin called. However, he is short so much that the amount can no longer be filled near the market price, because 6 million or more BTS buy will drive the price up MASSIVELY, especially after some buy clear out a lot of it.
The result is that cagara's margin call might drive the market up so much that his remaining btc is not actually sufficient to buy enough back, leaving him sitting with a BTS short remaining open but no capital.
At this point the lender cannot get their BTS back.
The lending rates are really low right now. You should NOT be taking this risk of the margin liquidation of this insane individual causing him to be unable to repay your lended BTS! I have pulled all my lending BTS (and am withdrawing each day).
Withdrawing lending BTS also keeps him from continuing to suppress the price with more shorts, if everyone does it. At the very least you should be asking for 1-2% daily to cover the risk you are taking, and also bleed him for his manipulation of the BTS price.
In normal situations lending can be a good idea to get a bit of free coins, but this is not a normal situation, and lending at .02% like some people are doing is lunacy.
this will be forever called "black swan cagara" event.
PS
On more serious note. I believe polo's algo[* continued] is doing very good job in this regard - What I mean is if you all bulls remove all your profit taking sell orders right now...it will take a very small price movement for him to be called (my estimate is 27-27.5k would be enough)
Disclaimer - I have done so already.
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@ Ander
Well it's getting more interesting. I'm not accustomed to this kind of trading activity. I'll take your word for it that some of these traders are completely reckless with their money.
Personally I tend to disbelieve most things from the trollbox unless I have some personal experience with the other user. But I do hope this guy is short 6m bts. It's going to make nice rocket fuel.
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[* continued]...
Polo's algo is constantly checking if the current order book, has enough BTS (or whatever is borrowed) for sale,.So if the collateral at any point is able to buy < 120% (at the respected prices) of BTS it needs to repay/pay back, it triggers a margin call.
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Cagara's 40 btc dump has already been fully recovered from now. Except that he is short many more BTS now. ;)
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[* continued]...
Polo's algo is constantly checking if the current order book, has enough BTS (or whatever is borrowed) for sale,.So if the collateral at any point is able to buy < 120% (at the respected prices) of BTS it needs to repay/pay back, it triggers a margin call.
Ah interesting. So lenders are probably safe, unless there is a very large sell at some point that the algorithm is relying on being able to buy, and then that gets pulled at once. Still would probably be safe.
Cagara isnt safe though. ;) He will have to buy said orders at some point.
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Also there is a lot of money thats waiting on 2800 to break and then they are going to buy hard since it will confirm the new move up. As in Werneo's chart for example.
Once the move finally starts, things are going to happen very fast.
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Assuming this is all pretty close to being true, this is a ticking timebomb. This is not a black swan event. Its a white swan event. Everyday that we approach Oct13 without any major delay brings us closer to launch. As if crypto trading was not volatile enough. Not sure how well he's going to be sleeping these next few days.
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Also there is a lot of money thats waiting on 2800 to break and then they are going to buy hard since it will confirm the new move up. As in Werneo's chart for example.
Once the move finally starts, things are going to happen very fast.
The really interesting thing is that you can trigger a margin call without the price moving at all.
Yes, the algo is not bullet proof. Fast removal of sell orders can make it break, I believe.
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Also there is a lot of money thats waiting on 2800 to break and then they are going to buy hard since it will confirm the new move up. As in Werneo's chart for example.
Once the move finally starts, things are going to happen very fast.
The really interesting thing is that you can trigger a margin call without the price moving at all.
Yes, the algo is not bullet proof. Fast removal of sell orders can make it break, I believe.
Yes, if you have sell walls, and their existence allows someone to take a huge margin position, because your walls 'make him safe', and then you remove them, he just gets liquidated!
There is 26M bts on the orderbook right now. A couple million of it is mine, at MUCH higher prices. Maybe at some point I can pull it and help margin call him, lol.
I wonder how many other bulls who are waiting to pull them at the right time. ;)
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A warning to anyone lending out BTS on polo right now:
Normally lending is pretty safe. (Basically you are risking the exchange getting goxxed, just like if you are keeping them on an exchange as normal).
But right now we have a weird scenario where one insane guy (cagara) is trying to borrow and short way more BTS than one person should reasonably have as a position, and more than the market's orderbooks could really handle at one time. Worse, he apparently just keeps adding more to it when it goes against him.
What could happen if BTS starts to rise is this:
BTS buys drive the price up and clear a lot of the sell orders out of the orderbook. Seeing the rise, more sellers pull their orders. Sell side declines significantly.
Cagara's short becomes at a greater loss, and eventually he gets margin called. However, he is short so much that the amount can no longer be filled near the market price, because 6 million or more BTS buy will drive the price up MASSIVELY, especially after some buy clear out a lot of it.
The result is that cagara's margin call might drive the market up so much that his remaining btc is not actually sufficient to buy enough back, leaving him sitting with a BTS short remaining open but no capital.
At this point the lender cannot get their BTS back.
The lending rates are really low right now. You should NOT be taking this risk of the margin liquidation of this insane individual causing him to be unable to repay your lended BTS! I have pulled all my lending BTS (and am withdrawing each day).
Withdrawing lending BTS also keeps him from continuing to suppress the price with more shorts, if everyone does it. At the very least you should be asking for 1-2% daily to cover the risk you are taking, and also bleed him for his manipulation of the BTS price.
In normal situations lending can be a good idea to get a bit of free coins, but this is not a normal situation, and lending at .02% like some people are doing is lunacy.
6M isn't a lot, it would currently drive price to 3k satoshi only, and 17M required to get to 4500 satoshi, remember alot of people aren't sitting around watching price all day, if it happens it will happen quickly and before these guys come and remove their orders. It would probably make th emarket jump 200-300 satoshi at once nothing more. But I think his position may be bigger since hes been shorting for a week, and he throws 40 btc like its a small chunk of his portfolio so it will be funny but i dont get why he would short so much with so little wiggle room, its like throwing away money..
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what about moving our sell orders extremely higher instead of taking them away? ;)
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what about moving our sell orders extremely higher instead of taking them away? ;)
Also works.
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what about moving our sell orders extremely higher instead of taking them away? ;)
Also works.
well, to help the cause you have to move them at least 1 sat above what the last penny of his collateral buys... Anything else and you are helping him.
Classic tragedy of the commons
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what about moving our sell orders extremely higher instead of taking them away? ;)
Also works.
well, to help the cause you have to move them at least 1 sat above what the last penny of his collateral buys... Anything else and you are helping him.
Classic tragedy of the commons
You could have them spaced out in smaller increments, and gradually remove the lowest one and put it higher.
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BTS gonna rise because of its new Proof of Cagara Margin Liquidation technology. PoCML.
Burns more energy than PoW in the form of cagara tears.
More profitable than PoS in that it takes his money and gives it to BTS holders.
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BTS gonna rise because of its new Proof of Cagara Margin Liquidation technology. PoCML.
Burns more energy than PoW in the form of cagara tears.
More profitable than PoS in that it takes his money and gives it to BTS holders.
I hope he is not a Goldman Sachs guy with unlimited funds available :P
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BTS gonna rise because of its new Proof of Cagara Margin Liquidation technology. PoCML.
Burns more energy than PoW in the form of cagara tears.
More profitable than PoS in that it takes his money and gives it to BTS holders.
I hope he is not a Goldman Sachs guy with unlimited funds available :P
Maybe unlimited funds but not unlimited bts. And no naked short positions. :)
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Stupid lenders are allowing him to short and hold it down however.
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Stupid lenders are allowing him to short and hold it down however.
It is definitely not me Ander [it might be you though, you big lender :)].
I have a gran total of 2500 BTS loans spread over the percentages to try keep track of the borrowing patterns... even more than that I often times have huge loans on BTS for my sell orders...like the one I used to have just till about now, for my 3500 sell order
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Stupid lenders are allowing him to short and hold it down however.
It is definitely not me Ander [it might be you though, you big lender :)].
I have a gran total of 2500 BTS loans spread over the percentages to try keep track of the borrowing patterns... even more than that I often times have huge loans on BTS for my sell orders...like the one I used to have just till about now, for my 3500 sell order
I am loosing you now.... Did you not said you removed all your sell orders?
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Stupid lenders are allowing him to short and hold it down however.
It is definitely not me Ander [it might be you though, you big lender :)].
I have a gran total of 2500 BTS loans spread over the percentages to try keep track of the borrowing patterns... even more than that I often times have huge loans on BTS for my sell orders...like the one I used to have just till about now, for my 3500 sell order
I am loosing you now.... Did you not said you removed all your sell orders?
well I thought he will be called at 2800 and I removed everything...nobody else did so, so I re-placed my order at 3500... preferring my own interest like the rest of us :)
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"
r0ach: so cagara dumps on buy side for the 120th time to try and not lose his short and fails
PatlajanToo: cagara, do you have any money left to short BTS..or anything for that matter?
Patladjan: cagara, I did believe BTS going to da moon, but it couldn't break 2700
ReconCat: and here str goes, about to fulfil a chart driven prophecy
cagara: PatlajanToo, deposited 250 BTC to save my margin
cagara: i don't expect to be margin called soon
Patladjan: cagara, as in you are long or short?
gerardus44: r0ach, yep hi is un the wron side
cagara: all in short
DarkYodaFishing: cagara, that's what my analysis suggests. It's not a matter of belief, but a sum of interpreted indicators, which can always be wrong as well
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"
r0ach: so cagara dumps on buy side for the 120th time to try and not lose his short and fails
PatlajanToo: cagara, do you have any money left to short BTS..or anything for that matter?
Patladjan: cagara, I did believe BTS going to da moon, but it couldn't break 2700
ReconCat: and here str goes, about to fulfil a chart driven prophecy
cagara: PatlajanToo, deposited 250 BTC to save my margin
cagara: i don't expect to be margin called soon
Patladjan: cagara, as in you are long or short?
gerardus44: r0ach, yep hi is un the wron side
cagara: all in short
DarkYodaFishing: cagara, that's what my analysis suggests. It's not a matter of belief, but a sum of interpreted indicators, which can always be wrong as well
forget the moon... prepare for chronos
PS this guy give us more time to buy low... I suggest if everything goes as expected to give him a honorable "working"-delegate slot on bts2.0 with 100% payrate. It's the minimum we can do for him. :P
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well I thought he will be called at 2800 and I removed everything...nobody else did so, so I re-placed my order at 3500... preferring my own interest like the rest of us :)
Why not remove your sell orders at least until we break out? Personally, I have not placed any sell orders at all since I don't plan to sell even a small chunk anytime soon. I could start strategically placing a few sell orders at much higher prices, but that adds to the total available on the ask side, which as you know is a number that is displayed on the Poloniex order book. People do look at that, so I would like that number to be as small as possible.
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well I thought he will be called at 2800 and I removed everything...nobody else did so, so I re-placed my order at 3500... preferring my own interest like the rest of us :)
Why not remove your sell orders at least until we break out? Personally, I have not placed any sell orders at all since I don't plan to sell even a small chunk anytime soon. I could start strategically placing a few sell orders at much higher prices, but that adds to the total available on the ask side, which as you know is a number that is displayed on the Poloniex order book. People do look at that, so I would like that number to be as small as possible.
and it make sense for all traders that are online and watching the market constantly.... they will not miss the prices to put the sell orders live manually... except you know you will be off-line for many hours or days(?)
so I propose when online cancel your sell orders and putt them back when you expect to leave your computer for much time.... it should have also a good effect without risking to miss sell opportunities.... who knows maybe you come back and see higher prices than the prices you would sell ;)
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forget the moon... prepare for chronos
Wha? I'm not an astronomical object, but it sounds nice for the BTS price to reach me! :P
EDIT: I live at 8340 Satoshis Blvd. The price of BTS is welcome to visit.
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well I thought he will be called at 2800 and I removed everything...nobody else did so, so I re-placed my order at 3500... preferring my own interest like the rest of us :)
Why not remove your sell orders at least until we break out? Personally, I have not placed any sell orders at all since I don't plan to sell even a small chunk anytime soon. I could start strategically placing a few sell orders at much higher prices, but that adds to the total available on the ask side, which as you know is a number that is displayed on the Poloniex order book. People do look at that, so I would like that number to be as small as possible.
You must be new around hare?
First off, I personally have invested in this project and have seen my early buys loosing 90% of its value. Significant portion of said loses due to intentional decision of the leadership and/or not caring about investors like me and the share price. That is on the "I don't plan to sell even a small chunk anytime soon" part.
Second, you must not realize it but even if all my sell orders get filled I will still be 125-130% long BTS.
and last but not least - The person who is not buying BTS at 15Mil market cap because of "too many" sell orders on the order book is a complete idiot that neither deserve nor should posses even a single bitshare.
so, in short I do not care about your 'break out', I do care about having as many as possible bitshares by the 13th.
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I have not placed any sell orders either because 1) i would hate to transfer my coins to a centralized exchange and have them hacked or whatever and 2) withdrawing coins from there is a pain and 3) I know i'll be able to do the same using the DEX and get a good price whenver I choose post release. and 4) by then i may not even want to sell :)
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A pleasure to read all of your 2 cents and analyses and nice to see a few of you from Polo.
I agree that as volatility smooths like the surface of a lake bts is preparing for it's next major move. As others have said it may be a major upside swing, or a temporary downward one. My money's on another rise, but I have enough collateral to cover a temporary downward swing. If there is a downward swing, buying will likely be ferocious. As near as I can tell next upward swing should go between 3950 to a bit over 4k. Next base being around 3.5k to 3600.
Even though this looks like it will be resolved in the coming days, I suppose the last possibility is bts starts to favor upside swing with Cagera continuing to sell into it, casuing price to slip sideways in a narrow range longer than expected. Cagera likely won't sell below this price range, unless an attempt is made to try and force a downward slide, which may or may not rebound quickly. If market sentiment is positive and it's mostly one bearwhale trying to put downward pressure on price, then that'd seem to favor a quick bounce. At that point Cagera might cut their losses and close. The longer we go sideways in this narrow range with a single bearwhale trying to suppress price, move will increasingly favor upside swing : )
Best of luck to you all.
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the pennant keeps stretching....
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-01%2011.26.42.png)
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The longer we go sideways in this narrow range with a single bearwhale trying to suppress price, move will increasingly favor upside swing : )
Best of luck to you all.
+5% +5% :)
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
wrong place to ask... you must ask shorters.... what about cagara? :P
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
~2550
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
~2550
~2100 but only instantly
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id say 24xx max but looking at 2500-2530 as possible point
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At this moment 2525 is the bottom the channel. By Saturday that will rise to 2550. The upper limits are 2690 today and about 2660 by Saturday. Any significant break outside of the pennant will portend a bigger move in either direction.
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
wrong place to ask... you must ask shorters.... what about cagara? :P
I'm not a shorter, but long and I'm still trying to construct that possible scenario, just because it can be helpful to consider the possible future price paths, even if considering what you surmise is a lower likelihood path : )
I agree with what many of you are saying, in a down scenario 2500's will see a lot of resistance.
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No idea anymore. As long as youre long with no margin youre safe no matter what comes.
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<time to act all worried and depressed so the whales will think people have given up and sold, and then they will finally take us higher>
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No worries. The price is now at the low end of the expected range. If you're bullish, this is the buy zone.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-01%2017.21.13.png)
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id say 24xx max but looking at 2500-2530 as possible point
Hit 2507 if it holds then we good other wise low 2400s
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id say 24xx max but looking at 2500-2530 as possible point
Hit 2507 if it holds then we good other wise low 2400s
"black swan" taking us lower. :-\
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order book shows bids far outweigh asks...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-01%2020.59.47.png)
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Boom goes the dynamite...
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Sadly, margin has killed our rally. It probably made it go higher faster than it would have otherwise, but it just killed it.
One mad singlehandedly prevented BTS from rally to 3500 and crashed it to 2000 I think.
When all the bulls knew about what he was doing and they were unable to put together any btc to buy and margin call him, that was the sign that things were bad, I think.
Its a sad day. I hope no long time community members got margin called.
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Well...I was nearly ruined today. But my willingness to eat a 2 btc loss earlier today and sell 1.5M bts that i was margin long at roughly 100 sats under my entry saved me from destruction. Then I went and posted that as long as one wasnt on margin they were safe...
If I hadnt done it, someone else would have, and my margin call wouldve taken us to 2100 just like what happened.
Cagara saying this morning that he added 250 btc combined with the rapidly declining buy support level spooked me pretty hard. It looked to me like cagara could simply market short 5M bts or something and the price would just go hit 2 satoshis as a result of everyone getting margin called. It didnt help that every bull was announcing in the polo chat that they were fully margin long already and had nothing left to buy with...pretty sure those idiots helped give the shorts the confidence to win this battle. Never tell people when you are margin long or short, NEVER. If you are long fully paid for, no one can ever force you to sell, so you can say whatever you want.
Anyways, I was gone all evening and covered beforehand since I was really starting to panic. I figured nothing might happen and I might look dump when it just rallied to 3500. So I didnt say anything. But coming back to see 2000 was hit...I wouldve lost a ton. Most of what I had on the exchange probably. Like a third of my bts. Wouldve been like getting goxxed.
Back to just withdrawing every day, not planning to do that again. I shouldnt have been lured in by the idea that we could all margin call some short. I was just going to hodl long and do nothing until that all happened. I shouldve ignored it all and hodled. Oh well. Still, made 7 btc on margining from 1950 to 2350 the first leg up. I've given half of it back by now taking too many risks. Done taking risks now, gonna sit on the BTS and keep the remained of the gain nad be happy with it.
Good luck to all. Hope BTS recovers from this. Dont take big margin positions, altcoins are way to small and cant handle them.
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Now look at that:
(http://i.imgur.com/vYIxPrn.png)
Good sign?
highest bid is from shorts now
Good luck to all. Hope BTS recovers from this. Dont take big margin positions,
altcoins are way to small and cant handle them.
I am confindent .. I people are so stupid to sell because of a black swan in the
testnet, they don't deserve any better.
More weak hands around?
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I said a week ago that my target was 2250... never thought it would get filled. Hope you longs had sufficient liquidity not to get called.
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Hope BTS recovers from this.
Sorry Ander.
I'm fairly confident this weekend will look a lot brighter. ;)
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What if some large fish borrowed all available bts and shorted from a very high price like 1BTC. After all bts is loaned out we would need to set borrow requests for the max rate(2% I think). It would cost us money, but as rates rose, the loaners that are loaning to the shorts would raise their rates, and thus remove their auto-renews.
What would happen if an active shorts position rolled over and there was no bts to loan? There is currently 7M bts available to borrow, and I'm sure many millions more loaned out.
Alas I am a small fish, I am willing to pile on top, but I don't have enough crypto to really make a dent in that.
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For the scenario of a downward swing before the eventual rise, what do you chaps think the likeliest lowest point will be in that swing?
~2550
~2100 but only instantly
nice play cagara & co.!
so it was instantly 2015....
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manipulation at it's best...
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manipulation at it's best...
I would have called it a self fulfilling prophecy, but if the crypto crowd calls it manipulation. manipulation it is !
Self fulfilling manipulation !
I intend to stop posting here, other than asking questions about how to use the product, issues I need help with etc
And I did not wanted to do it on such a undertone....
But if you sell some bts, Ander and they happen to be 25 % of all the truly traded coins (not the one changing hands each day for 1-4% trading profit) what do you think will happen?
"BTS will go up" well maybe it can, just the odds of doing so are slim...
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result oriented the best strategy was:
instead of removing our sell orders (or moving them higher)
adding buy orders much lower !!!
Grats to whoever had buy orders ready on the orderbook ;)
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"black swan" taking us lower. :-\
The crash was actually somewhat due to me. The price of BTS on Poloniex is entirely controlled by 2 parties, one single bot and Cagara. I saw the bot dumping into buy walls while putting up sells lower than market rate to try and drive down price on purpose, then right after that, it or someone else removed 100+ BTC buy support so there was like 70 BTC buy support only. I instantly closed my long because I knew something was up and after I did, like 10 people got margin called and price imploded. Then I bought back in at 2200.
If I stayed in, price would have only gone to 2300-2400 probably, but I wasn't going to be the sole person trying to keep BTS up and lose money while everyone else tries to crash it on purpose. Anyone that wants to support BTS price, all you need to do is put some BTC in the margin trade account on Poloniex and put up a margin buy, even at some super low number that will never be filled to give the appearance of support. (i.e. 10btc in margin trade accounts gets you a 25btc buy at 1800 that will never be filled). This is why the Ethereum wall looks so huge, but nobody is doing it on BTS.
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the problem with bts is that long term supporters of the project are bagholders who lost 90% of their money by irrational and bad decisions of the past and don't have anymore to invest.
so i think that these fluctuations are due to new people who don't really care about holding bts but only day trade.
If the old investors of bts who dumped a year ago do not come back to re invest massively or we do not attract any new serious whales who want to hold for some time and invest in bts then the price will never go up.
i have done my part for over 2 years buying at any level and unfortunately i don't have absolutely nothing to invest anymore in any crypto. I don't have even a single 0.1btc to invest..that is just sad.. :(
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I love crypto markets. They trade much more technically and with less fake outs than regular markets. We came to the end of a triangle, where price was destined to break hard one way or another, and it did just that. Quit screaming manipulation. Markets are constantly searching for liquidity, and bts found some on the lower end.
Pro tip: don't blame your losses on anything but yourself. No one is making you buy or sell. Take responsibility and you will start to realize that the markets are designed to separate a fool and his money.
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Pro tip: don't blame your losses on anything but yourself. No one is making you buy or sell. Take responsibility and you will start to realize that the markets are designed to separate a fool and his money.
Do you guys realize you can make a profit from something else than trading in BitShares2? Maybe you should think about that again and change strategy?
I for myself have quit trading many months ago ..
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"black swan" taking us lower. :-\
The crash was actually somewhat due to me. The price of BTS on Poloniex is entirely controlled by 2 parties, one single bot and Cagara. I saw the bot dumping into buy walls while putting up sells lower than market rate to try and drive down price on purpose, then right after that, it or someone else removed 100+ BTC buy support so there was like 70 BTC buy support only. I instantly closed my long because I knew something was up and after I did, like 10 people got margin called and price imploded. Then I bought back in at 2200.
If I stayed in, price would have only gone to 2300-2400 probably, but I wasn't going to be the sole person trying to keep BTS up and lose money while everyone else tries to crash it on purpose. Anyone that wants to support BTS price, all you need to do is put some BTC in the margin trade account on Poloniex and put up a margin buy, even at some super low number that will never be filled to give the appearance of support. (i.e. 10btc in margin trade accounts gets you a 25btc buy at 1800 that will never be filled). This is why the Ethereum wall looks so huge, but nobody is doing it on BTS.
That's an excellent point r0ach. Of course Polo is "some what" new to BTS so most ppl haven't seen or used these tactics yet, but you're absolutly right.
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Pro tip: don't blame your losses on anything but yourself. No one is making you buy or sell. Take responsibility and you will start to realize that the markets are designed to separate a fool and his money.
+5%
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the problem with bts is that SOME long term supporters of the project are bagholders who lost 90% of their money by irrational and bad decisions of the past and don't have anymore to invest.
ftfy
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What if some large fish borrowed all available bts and shorted from a very high price like 1BTC. After all bts is loaned out we would need to set borrow requests for the max rate(2% I think). It would cost us money, but as rates rose, the loaners that are loaning to the shorts would raise their rates, and thus remove their auto-renews.
That might have worked if they had done it a few days ago.
Now its too late, shorts got to cover at a profit and longs got rekt.
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What if some large fish borrowed all available bts and shorted from a very high price like 1BTC. After all bts is loaned out we would need to set borrow requests for the max rate(2% I think). It would cost us money, but as rates rose, the loaners that are loaning to the shorts would raise their rates, and thus remove their auto-renews.
That might have worked if they had done it a few days ago.
Now its too late, shorts got to cover at a profit and longs got rekt.
What's the status for Cagara at this point?
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That might have worked if they had done it a few days ago.
Now its too late, shorts got to cover at a profit and longs got rekt.
it could.....shorters closing their position would boost the market so if it starts going up, it's a race to profit.
What's the status for Cagara at this point?
he got banned from Poloniex chat for announcing his next move on ETH.
Poloniex is a bit two-faced on this, prohibiting any discussion, but implicitly allowing the actual P&Ds.
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The trend is still intact. We just grind sideways a couple weeks until 2.0 launch and Chinese summit. Really nothing to get worked up about. As bullish as ever. I'm expecting new investment flows to enter mostly from Chinese. I hope Stan brings his A game.
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Called it.
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Called it.
You did... good call.
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Called it.
You did... good call.
Lol. What a joke.
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we will see 1400 or 1300 soon. Should not have bought in here.
You're not off the hook yet.
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Called it.
You did... good call.
Lol. What a joke.
Why? Because he made money on the short side even though everyone here was patronizing him? I'll follow the joker who makes money vs the preacher's who shout conspiracy any day
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Called it.
You did... good call.
Lol. What a joke.
Why? Because he made money on the short side even though everyone here was patronizing him? I'll follow the joker who makes money vs the preacher's who shout conspiracy any day
+5%
I expect most everyone here is long term bullish on BTS, but it's irrational to become religious about it. Informed pragmatism is the best way for a trader to increase his/her holding over the long term.
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we will see 1400 or 1300 soon. Should not have bought in here.
You're not off the hook yet.
+5%
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Called it.
You did... good call.
Lol. What a joke.
Why? Because he made money on the short side even though everyone here was patronizing him? I'll follow the joker who makes money vs the preacher's who shout conspiracy any day
Fortunately we have a history of past posts. 2015 is not over and we are nowhere near 1400. So there's that. I couldn't care any less about who you follow. Just pointing out what was actually predicted, if that matters to you at all.
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"black swan" taking us lower. :-\
The crash was actually somewhat due to me. The price of BTS on Poloniex is entirely controlled by 2 parties, one single bot and Cagara. I saw the bot dumping into buy walls while putting up sells lower than market rate to try and drive down price on purpose, then right after that, it or someone else removed 100+ BTC buy support so there was like 70 BTC buy support only. I instantly closed my long because I knew something was up and after I did, like 10 people got margin called and price imploded. Then I bought back in at 2200.
If I stayed in, price would have only gone to 2300-2400 probably, but I wasn't going to be the sole person trying to keep BTS up and lose money while everyone else tries to crash it on purpose. Anyone that wants to support BTS price, all you need to do is put some BTC in the margin trade account on Poloniex and put up a margin buy, even at some super low number that will never be filled to give the appearance of support. (i.e. 10btc in margin trade accounts gets you a 25btc buy at 1800 that will never be filled). This is why the Ethereum wall looks so huge, but nobody is doing it on BTS.
Yes. I sold earlier because I saw this might occur, and that if it did I would be ruined. So I sold in advance while I was still able to with only a small loss. I probably contributed to the crash as well, but like r0ach said, it wouldve happened anyway and if I hadnt, I would be the guy losing money trying to hold it up.
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result oriented the best strategy was:
instead of removing our sell orders (or moving them higher)
adding buy orders much lower !!!
Grats to whoever had buy orders ready on the orderbook ;)
If people had added a bunch of buy orders this never would have happened. It was the lack of sufficient buy orders on the books that caused it.
That and the fact that cagara had 250 btc left and every long was completely tapped out.
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"black swan" taking us lower. :-\
The crash was actually somewhat due to me. The price of BTS on Poloniex is entirely controlled by 2 parties, one single bot and Cagara. I saw the bot dumping into buy walls while putting up sells lower than market rate to try and drive down price on purpose, then right after that, it or someone else removed 100+ BTC buy support so there was like 70 BTC buy support only. I instantly closed my long because I knew something was up and after I did, like 10 people got margin called and price imploded. Then I bought back in at 2200.
If I stayed in, price would have only gone to 2300-2400 probably, but I wasn't going to be the sole person trying to keep BTS up and lose money while everyone else tries to crash it on purpose. Anyone that wants to support BTS price, all you need to do is put some BTC in the margin trade account on Poloniex and put up a margin buy, even at some super low number that will never be filled to give the appearance of support. (i.e. 10btc in margin trade accounts gets you a 25btc buy at 1800 that will never be filled). This is why the Ethereum wall looks so huge, but nobody is doing it on BTS.
r0ach man I appreciate your activism and love reading your analysis on bts. But you might want to stick to that and not trading tips. It's not good for your credibility that you were hyping the short squeeze and also triggered the selloff. Not cool man. By the way I had no margin position at the time, so I'm back on the buy, so maybe I should be thanking you, actually.
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manipulation at it's best...
I would have called it a self fulfilling prophecy, but if the crypto crowd calls it manipulation. manipulation it is !
Self fulfilling manipulation !
I intend to stop posting here, other than asking questions about how to use the product, issues I need help with etc
And I did not wanted to do it on such a undertone....
But if you sell some bts, Ander and they happen to be 25 % of all the truly traded coins (not the one changing hands each day for 1-4% trading profit) what do you think will happen?
"BTS will go up" well maybe it can, just the odds of doing so are slim...
I expect it will drop yeah. If people pull all bid support and there are longs on margin this is what will occur.
It couldve gone the other way if there was any bull out there with a couple hundred btc. Cagara couldve been ruined instead of the bulls and we all couldve sold at 4000. Literally the market cap of BTS couldve been 25M or it couldve been 13M based entirely on some dude with 50 grand. That is leveraged markets for you...
In early september we all crushed the shorts and drove it from 1400 to 2500 and then 3100 because we as a community had a bunch of money saved up and we attacterd traders who piled on more money.
But then the shorts won the next round because they had the money at that point and the community was completely spent.
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"black swan" taking us lower. :-\
The crash was actually somewhat due to me. The price of BTS on Poloniex is entirely controlled by 2 parties, one single bot and Cagara. I saw the bot dumping into buy walls while putting up sells lower than market rate to try and drive down price on purpose, then right after that, it or someone else removed 100+ BTC buy support so there was like 70 BTC buy support only. I instantly closed my long because I knew something was up and after I did, like 10 people got margin called and price imploded. Then I bought back in at 2200.
If I stayed in, price would have only gone to 2300-2400 probably, but I wasn't going to be the sole person trying to keep BTS up and lose money while everyone else tries to crash it on purpose. Anyone that wants to support BTS price, all you need to do is put some BTC in the margin trade account on Poloniex and put up a margin buy, even at some super low number that will never be filled to give the appearance of support. (i.e. 10btc in margin trade accounts gets you a 25btc buy at 1800 that will never be filled). This is why the Ethereum wall looks so huge, but nobody is doing it on BTS.
Yes. I sold earlier because I saw this might occur, and that if it did I would be ruined. So I sold in advance while I was still able to with only a small loss. I probably contributed to the crash as well, but like r0ach said, it wouldve happened anyway and if I hadnt, I would be the guy losing money trying to hold it up.
I'm going to read your posts with skeptism now. This isn't the first time you were bullish and then reversed your view. Obviously you have other motives
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I'm going to read your posts with skeptism now. This isn't the first time you were bullish and then reversed your view. Obviously you have other motives
When I was bullish that is what I thought would happen. Then when the buy support was pulled I became worried and reversed my view, essentially admitted I was wrong.
What options do I have at that point?
* I can post "oh shit I think actually the bears are going to win and it will crash", but sit there still long". - This is incredibly stupid since I might contribute to panic and cause the crash and get hurt.
* I can sell, and then post "oh shit I think actually the bears are going to win and it will crash". - While I dont get hurt, I still contribute to the crash occurring. I didnt want BTS to crash, regardless of whether I had a long or not. I still held a ton of BTS just not leveraged.
* I can sell, and then post that being on margin is risky. Hopefully any community member who is on margin might consider closing it, but hopefully this isnt enough to create a panic or something.
Anyway, you should always read EVERYONEs post with skepticism. Especially about trading. All of us are here talking our books, all the time. Expect that.
If I was better at trading and could predict with perfect accuracy what would occur, I would be rich instead of posting my thoughts on this board. Sometimes I'll be right and sometimes wrong, and each individual person is responsible for their own trading. I'm responsible for my own trading, thats why I might have to reverse my position and sell so as not to get wrecked. Being 100% long BTS 100% of the time is not a trading strategy, and people who are doing that dont need to read about a traders thoughts on short term price movements.
You said I "have other motives". Not losing a million BTS to a liquidation is a motive.
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Yea, this is exactly why I could never do margin. The markets are so damn small and reactionary that half the time it seems like a coin flip which way it could go. And it's way too easy for whales to push the price wherever they want it to go.
I'm happy to just hodl and wait.
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Yea, this is exactly why I could never do margin. The markets are so damn small and reactionary that half the time it seems like a coin flip which way it could go. And it's way too easy for whales to push the price wherever they want it to go.
I'm happy to just hodl and wait.
I shouldve stuck to my no margin plan. Its too damn tempting.
Actually I think I'm up overall using it however, but I mostly have one large gain and like three different 1-2 btc losses. There is a lot of risk of a big loss too.
For a month there it seemed like everything I did in ETH and then BTS worked out and I couldnt lose, and then in the past two weeks it changed and everything I've tried in either ETH or BTS has been wrong. :p
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I'm currently reading the intelligent investor (http://www.amazon.com/gp/product/0060555661?keywords=the%20intelligent%20investor). I wish I read that before investing in crypto and starting trading like a noob. Trading is really no different from gambling, apart from the fact that you can win a lot if you manipulate, lie and spread FUD. And trading caused so much harm to society, and is so addictive. I find it really sad that spreading trading will be a really nasty consequence of the democratization of cryptos, many many people will take stupid decisions and lose much money. I bet you that if cryptos become mainstream, we'll see addiction therapists popping everywhere. And you can't just decide to control yourself, it's really messing with your decision making. I really am ashamed of all the time and money I've lost in trading. And I know that as soon as the market is bullish again I won't care anymore and have a huge pressure to short again. Screw that. I guess I've been taught a valuable lesson. I really wish I was strong enough to stop shorting/trading and just hodl forever.
(A big bravo to all of you who are able to hodl and can withstand the "bag holder" insult with pride)
Investing is the right thing to do, and if you have done your homework, you are very patient in order to buy low (or buy at a constant pace regardless of the price because you accept that the markets can't be predicted without insider info), believe in the value of what you bought, and never sell unless it really is overvalued.
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Well bounced twice off the lows. I think that's probably it.
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Trading is really no different from gambling, apart from the fact that you can win a lot if you manipulate, lie and spread FUD.
I think its more like: Trading is like playing Poker, as opposed to playing a slot machine.
It is an activity that involves both skill and randomness, and you can win if you are better than others, and will lose if you dont.
I dont think manipulating and spreading FUD is the way to win, or the reverse of it, though of course some times those things work, but more its about being able to read the state of the market.
Also, probably the most important skill of all in trading is the ability to cut your losses fast and keep them small, and let your winners ride and gain more out of them.
Trading isnt necessarily about predicting the future correctly more than 50% of the time. Its more about how you handle being right or wrong. Its not an easy thing. I dont think I'm good enough at it yet myself, but at least I'm better than I was in the past. When I was starting out if recent events occurred I wouldve sat in my long hoping it would work and gotten wrecked, instead of eating a small loss.
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Trading is really no different from gambling, apart from the fact that you can win a lot if you manipulate, lie and spread FUD.
I think its more like: Trading is like playing Poker, as opposed to playing a slot machine.
It is an activity that involves both skill and randomness, and you can win if you are better than others, and will lose if you dont.
I dont think manipulating and spreading FUD is the way to win, or the reverse of it, though of course some times those things work, but more its about being able to read the state of the market.
Also, probably the most important skill of all in trading is the ability to cut your losses fast and keep them small, and let your winners ride and gain more out of them.
Trading isnt necessarily about predicting the future correctly more than 50% of the time. Its more about how you handle being right or wrong. Its not an easy thing. I dont think I'm good enough at it yet myself, but at least I'm better than I was in the past. When I was starting out if recent events occurred I wouldve sat in my long hoping it would work and gotten wrecked, instead of eating a small loss.
The state of the market is never really a state : at any moment a patient lurking whale can appear or someone can dump or a bug in the software can occur. Or your internet connection can suddenly stop at a crucial time. You can't really predict the future. You can probably predict the trader's behavior in the short term, and you can definitely profit from noob traders (and you can manipulate them by FUDing them), but that takes so much time, it's a full time job and if you're on margin you never have the peace of mind. The problem is that it doesn't seem to be a full time job. Trading is so goddamn addictive and you're the most motivated to trade when you're the least rational.
So yeah I agree it's very much like poker. And like in poker, something like 90% of traders are actually losing money, some can enrich themselves but mostly by luck or manipulation. Only brokers always win.
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Don't know why people act so emotionally to this. What's the problem? If you were in that position, you would probably do the same. It's just about making money, nothing else.
It makes sense to send the price as low as possible before a pump to get more cheaper, create a massive bear trap, etc. Even if those aren't the reasons, whatever the market decides, happens. 1 person can't possibly turn the whole market around if you reach $1M or $2M in volume I think.
Bright side, have people thought BitShares can possibly be caught in two pumps? One now and the other in 8 months when Bitcoin halves. Of course this is pure speculation but there are actually chances of happening. Now if we give more context and realize that during this period of these two pumps, you will have more partners joining, developing, crowdfunding and sharedropping stuff, we can see the potential of where we can go in just the next 8 months.
[Oct13(2.0 release)---------Nov--------Dec-------Jan----Fev--------Mar--------April--------May--------June---------July---------August (Bitcoin halving) -----]
[---Assuming we launch smoothly we will have development, more partners, sharedrops and crowdfundings during this whole time ---]
This is a very positive insight, of course nothing of this can happen, but given these circumstances and that BitShares already hit rock bottom, meaning we can only go up, what's there not to like about it? I see a bright future in the next year assuming everything goes smooth with our launch. Call it wishful thinking but that's something that comparing with other possible outcomes, can also have a significant chance of happening.
We launch smoothly
We get major exposure at:
- Web Summit
- China Blockchain Summit
More Partnerships
More Sharedropps
More crowdfundings
Meanwhile we already have Banx, LottoShares and Peertracks doing their thing too
Assuming the price rises with 2.0 launch, more money for development
Another possible price increase during Bitcoin halving, that, again, even if it isn't significant, it can help even more development
May or may not happen but it has a much more better chance of happening comparing with the past. It's something we can possibly expect now, something to consider. Of course it will be a bumpy ride but so what if the price drops a few times? it has to drop, you can't possibly expect to be a straight line from here to 6000 or 7000 satoshis. Things take time and we are on a good path. Let's enjoy it.
But making a scene just because we had a dump... lol
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Yea, this is exactly why I could never do margin. The markets are so damn small and reactionary that half the time it seems like a coin flip which way it could go. And it's way too easy for whales to push the price wherever they want it to go.
I'm happy to just hodl and wait.
I shouldve stuck to my no margin plan. Its too damn tempting.
Actually I think I'm up overall using it however, but I mostly have one large gain and like three different 1-2 btc losses. There is a lot of risk of a big loss too.
For a month there it seemed like everything I did in ETH and then BTS worked out and I couldnt lose, and then in the past two weeks it changed and everything I've tried in either ETH or BTS has been wrong. :p
Heh like I said earlier you will be 50/50 mostly over an infinite amount of time however your brain gives you an edge usually of a few % that if you apply with proper money management will allow you to trade successfully.. I dont trade because I know it will be near 50/50 and I dont have the time to apply MM and monitor my trades and setups, so I just buy and hold because I know i wont miss out on any big move up.
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A warning to anyone lending out BTS on polo right now:
Normally lending is pretty safe. (Basically you are risking the exchange getting goxxed, just like if you are keeping them on an exchange as normal).
But right now we have a weird scenario where one insane guy (cagara) is trying to borrow and short way more BTS than one person should reasonably have as a position, and more than the market's orderbooks could really handle at one time. Worse, he apparently just keeps adding more to it when it goes against him.
What could happen if BTS starts to rise is this:
BTS buys drive the price up and clear a lot of the sell orders out of the orderbook. Seeing the rise, more sellers pull their orders. Sell side declines significantly.
Cagara's short becomes at a greater loss, and eventually he gets margin called. However, he is short so much that the amount can no longer be filled near the market price, because 6 million or more BTS buy will drive the price up MASSIVELY, especially after some buy clear out a lot of it.
The result is that cagara's margin call might drive the market up so much that his remaining btc is not actually sufficient to buy enough back, leaving him sitting with a BTS short remaining open but no capital.
At this point the lender cannot get their BTS back.
The lending rates are really low right now. You should NOT be taking this risk of the margin liquidation of this insane individual causing him to be unable to repay your lended BTS! I have pulled all my lending BTS (and am withdrawing each day).
Withdrawing lending BTS also keeps him from continuing to suppress the price with more shorts, if everyone does it. At the very least you should be asking for 1-2% daily to cover the risk you are taking, and also bleed him for his manipulation of the BTS price.
In normal situations lending can be a good idea to get a bit of free coins, but this is not a normal situation, and lending at .02% like some people are doing is lunacy.
6M isn't a lot, it would currently drive price to 3k satoshi only, and 17M required to get to 4500 satoshi, remember alot of people aren't sitting around watching price all day, if it happens it will happen quickly and before these guys come and remove their orders. It would probably make th emarket jump 200-300 satoshi at once nothing more. But I think his position may be bigger since hes been shorting for a week, and he throws 40 btc like its a small chunk of his portfolio so it will be funny but i dont get why he would short so much with so little wiggle room, its like throwing away money..
So I was right... the way he threw 40 btc made me think his bag was bigger and it was (I guessed it was about 10% of his entire short portfolio putting myself in his shoes)... he just said he was short 12M at 2700, that was about 350 BTC and the reason why he didnt care about wiggle room was cause he was prepared to bring in more btc to short more, he pulled in another 250 btc prepared to short further and avoid margin call...
anyways now he says hes long at 2k satoshi.
-
downtrend continues...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-03%2012.48.24.png)
-
We are going to hit new ATH any day. BTS is set to explode.
I'll see you all on mars. I'll be MIA until then.
-
We are going to hit new ATH any day. BTS is set to explode.
I'll see you all on mars. I'll be MIA until then.
are you 12 mil bts long now?
anyway, I consider this as destructive for bts, as youbeing 12 mil short...
In other words until we either take your 320 btc or you give up on having a position, my job is not done.
-
Haha man this is comical
-
result oriented the best strategy was:
instead of removing our sell orders (or moving them higher)
adding buy orders much lower !!!
Grats to whoever had buy orders ready on the orderbook ;)
If people had added a bunch of buy orders this never would have happened. It was the lack of sufficient buy orders on the books that caused it.
That and the fact that cagara had 250 btc left and every long was completely tapped out.
(http://i13.tietuku.com/0a13cbd2d3548d47.png)
I did my part.
-
result oriented the best strategy was:
instead of removing our sell orders (or moving them higher)
adding buy orders much lower !!!
Grats to whoever had buy orders ready on the orderbook ;)
If people had added a bunch of buy orders this never would have happened. It was the lack of sufficient buy orders on the books that caused it.
That and the fact that cagara had 250 btc left and every long was completely tapped out.
(http://i13.tietuku.com/0a13cbd2d3548d47.png)
I did my part.
Big Fat Liar!
the order is 2h old
-
result oriented the best strategy was:
instead of removing our sell orders (or moving them higher)
adding buy orders much lower !!!
Grats to whoever had buy orders ready on the orderbook ;)
If people had added a bunch of buy orders this never would have happened. It was the lack of sufficient buy orders on the books that caused it.
That and the fact that cagara had 250 btc left and every long was completely tapped out.
(http://i13.tietuku.com/0a13cbd2d3548d47.png)
I did my part.
Big Fat Liar!
the order is 2h old
We will see.
-
(http://i.imgur.com/VwTcdpF.gif)
-
We are going to hit new ATH any day. BTS is set to explode.
I'll see you all on mars. I'll be MIA until then.
Wow. What a surprise.
-
We are going to hit new ATH any day. BTS is set to explode.
I'll see you all on mars. I'll be MIA until then.
Such a plot twist if this happens ahah
-
(http://i.imgur.com/VwTcdpF.gif)
Unavoidable :)
-
Aplollo 1 ?
-
Aplollo 1 ?
:P
-
We are going to hit new ATH any day. BTS is set to explode.
I'll see you all on mars. I'll be MIA until then.
Buy pressure on Poloniex seems manipulative; volume doesn't seem especially heavy... Why do you think it's bound for a new ATH?
This baby pennant looks dangerous...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-04%2016.09.36.png)
And didn't you predict last week that bts was headed for 1400 sat? Why did you change your mind?
-
Bottom either here or maybe a bit lower I think. It bounces each time it gets down near 2000.
-
downdraft still in effect...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-05%2012.48.23.png)
-
So Werneo youll be buying again once we break the upper line on that downtrend? Thats a good plan.
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So Werneo youll be buying again once we break the upper line on that downtrend? Thats a good plan.
exactly. I don't have any idea when the true rise in the value of bts will occur. But right now over at poloniex, bts is the top traded coin by far. Mighty ethereum is a sad second place. So the "rise" that's happening right now is, imo, the result of polo pro traders goosing the price of bts in order to FOMO long term investors/amateur traders who are trying to protect their wealth from the wild swings in price. When I look at that chart, what I see is a generalized down trend from the peak of 3100 sat, and no confirmation of a trend reversal. So all the snorting of the bulls at poloniex feels like the smart traders looking to fleece the long sheep.
-
I managed to get some in 2000s and will increase again if it either gets down to 1800s, or if it goes up and breaks downtrend line as werneo posted. Got some more money in from stocks. This feels way better than trying to margin long it. :)
-
long term investors/amateur traders who are trying to protect their wealth from the wild swings in price.
IMO, don't forget to trade a few % with each price rise into an asset such as bitCNY, bitEUR, bitSILVER, etc and secure some of each gain.
-
The Bitcoin price seems to be alive and kicking ....first in a long time...over a year?
Gut tells me BTS is set to explode....
-
The Bitcoin price seems to be alive and kicking ....first in a long time...over a year?
Gut tells me BTS is set to explode....
gut or your pocket?
PS BTW which way?
-
Set to explode up. Next 14 days watch BTS.
-
Set to explode up. Next 14 days watch BTS.
are you a poker player?
-
Set to explode up. Next 14 days watch BTS.
are you a poker player?
Yeah why
-
The Bitcoin price seems to be alive and kicking ....first in a long time...over a year?
It's because I sold most of mine into BTS thinking I could buy some back after launch.
-
you can
if BTC price stays down.
-
The downtrend is still in effect, but might possibly break to the upside near term...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-06%2008.00.02.png)
-
This is going to be a very exciting launch. Are you guys ready to make some $.
-
This is going to be a very exciting launch. Are you guys ready to make some $.
how wants $ when you can get BTS instead .. just stupid :P
-
Get your btc ready. Bear raid dead ahead.
-
Get your btc ready. Bear raid dead ahead.
Our forum never got spammed by bears writing one line posts like this was a trollbox until BTS became popular on Polo.
-
Set to explode up. Next 14 days watch BTS.
are you a poker player?
Yeah why
because only good poker players have your behavior ;)
PS gg sir!
-
Set to explode up. Next 14 days watch BTS.
are you a poker player?
Yeah why
because only good poker players have your behavior ;)
PS gg sir!
More like bad poker players.
-
Set to explode up. Next 14 days watch BTS.
are you a poker player?
Yeah why
because only good poker players have your behavior ;)
PS gg sir!
More like bad poker players.
common! we want him on our side!
-
Bought more bts while people were panicking. :)
-
Bought more bts while people were panicking. :)
me2
I cleared up everything I could under 2000
-
Get your btc ready. Bear raid dead ahead.
Our forum never got spammed by bears writing one line posts like this was a trollbox until BTS became popular on Polo.
My post has nothing to do with me being bearish on BTS. It was just a simple observation, and the drop below 1950 happened just a few minutes after.
-
the bears are at the wheel...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-06%2013.04.16.png)
-
(https://3.bp.blogspot.com/-QggPUKygA1I/VhQv_orU4_I/AAAAAAAADfE/sEjEGlYXISU/s1600/trend_bts.png)
-
(https://3.bp.blogspot.com/-QggPUKygA1I/VhQv_orU4_I/AAAAAAAADfE/sEjEGlYXISU/s1600/trend_bts.png)
I wish you luck with that.
-
Anyone think the 17 witness thing could be a factor?
The thread was started on 21/09 https://bitsharestalk.org/index.php/topic,18549.0.html
Prior to that we were rising and hit a high of $17.2 million on 21/09.
-
(http://i.imgur.com/Rt8xpaK.gif)
-
Anyone think the 17 witness thing could be a factor?
The thread was started on 21/09 https://bitsharestalk.org/index.php/topic,18549.0.html
Prior to that we were rising and hit a high of $17.2 million on 21/09.
Or maybe its the paying them $300 a month thing.
-
Uptrend starting. The messages i got from my meditations yesterday were very similar to the ones around the time I was buying bitcoin around 2 dollar. Good things to come friends.
-
A BitShares Traders Guided Meditation ... https://youtu.be/92i5m3tV5XY
-
A BitShares Traders Guided Meditation ... https://youtu.be/92i5m3tV5XY
Ahhh yes, as I breathe in deeply and slowly exhale... I too say "Fuc% That"!!
-
Hypothetical question: If BTS loan rates were really high, say 0.2% - 0.5%, would shorts have to either renew at those loans after 2 days, or otherwise cover?
Would it result in margin call if they can't find BTS to renew the loan?
-
Uptrend starting. The messages i got from my meditations yesterday were very similar to the ones around the time I was buying bitcoin around 2 dollar. Good things to come friends.
So you're a real oracle with a real interstellar connection to the inner truth of the universe, how blessed we are !
-
Uptrend starting. The messages i got from my meditations yesterday were very similar to the ones around the time I was buying bitcoin around 2 dollar. Good things to come friends.
Delightful Meditation Timing you have there ;) ;)
-
Uptrend starting. The messages i got from my meditations yesterday were very similar to the ones around the time I was buying bitcoin around 2 dollar. Good things to come friends.
If you were buying Bitcoin at $2, wouldn't you be able to buy all of Bitshares? Or were you also selling at $5?
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Uptrend starting. The messages i got from my meditations yesterday were very similar to the ones around the time I was buying bitcoin around 2 dollar. Good things to come friends.
If you were buying Bitcoin at $2, wouldn't you be able to buy all of Bitshares? Or were you also selling at $5?
My bet is that he sold at $2.10 at most :D traders can't resist a nice quick profit. :D
-
Hypothetical question: If BTS loan rates were really high, say 0.2% - 0.5%, would shorts have to either renew at those loans after 2 days, or otherwise cover?
Would it result in margin call if they can't find BTS to renew the loan?
loans automatically renew at the lowest available rate. I had a similar question a few weeks ago...what if someone used all of the available loan supply to place a sell order at a very high price? Would this cause anyone who is short to be liquidated when they can't renew their loan?
From: Tristan D'Agosta <contact@poloniex.com>
Date: Thu, Sep 24, 2015 at 2:02 AM
Subject: Re: Hypothetical Margin trading question
To: dave23
You would not be liquidated at all; the loan just wouldn't close until
another became available. I don't think this has ever happened for a
substantial period of time, because fewer loan offers means better
rates, which provides an incentive for more offers.
-
Looks to me that 1921 was the low and we are heading up now.
-
Hypothetical question: If BTS loan rates were really high, say 0.2% - 0.5%, would shorts have to either renew at those loans after 2 days, or otherwise cover?
Would it result in margin call if they can't find BTS to renew the loan?
loans automatically renew at the lowest available rate. I had a similar question a few weeks ago...what if someone used all of the available loan supply to place a sell order at a very high price? Would this cause anyone who is short to be liquidated when they can't renew their loan?
From: Tristan D'Agosta <contact@poloniex.com>
Date: Thu, Sep 24, 2015 at 2:02 AM
Subject: Re: Hypothetical Margin trading question
To: dave23
You would not be liquidated at all; the loan just wouldn't close until
another became available. I don't think this has ever happened for a
substantial period of time, because fewer loan offers means better
rates, which provides an incentive for more offers.
If you wanted to discourage people from LENDING their BTS to people who want to SHORT then all you need to do is offer to pay them better interest rates on-chain.
For example, offering everyone the option to earn 10% APR for a 30 day loan on the network would almost completely dry up the short side of the market. Unfortunately, it would result in long-term inflation.
-
Looks to me that 1921 was the low and we are heading up now.
I'm not so sure. Here's how I see it right now:
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-07%2011.37.14.png)
I anticipate at least one more dump to the bottom of the channel before we will see a serious possibility of breaking through the downtrend from the speculative highs.
There are usually around ~400 btc of buy orders on poloniex, and bts is now the number one traded coin most days of the week. A couple times this week I saw the bids drop to ~200 btc. Huge swings in the bid pile suggest just a few whale traders are in play at poloniex. So that leads me to believe that the pro crypto traders at polo bid up the price of bts at the time Dan announced the Oct 13 date for the bts 2.0 beta launch. (Edit: Ander points out that polo traders probably jumped in somewhere over 2300 satoshis. I think he's on to something but based on the chart I would call the entry point more like 1800 sat.)
The second wave of buys (starting at ~1800 satoshis) caused the price to bubble on anticipation of the graphene release.
When prices rise and then start to fall again, it's human nature to want to preserve your wealth. The bts community is composed of risk-takers, so it makes sense that these investors would take a risk to preserve or increase their investment.
It's worth noting polo traders read this forum and listen to recordings of our Friday meetings. They also read Stan's announcements, and maybe in spite of themselves they also get a little tingly that BitShares might actually be The One.
But a pro trader is a pro trader. The object of their game is trading-for-profit.
-
BitShare Faithful had already spent every available penny to load up on as much bts as possible. Therefore we don't have any more money to spend, so the massive buy pressure in September must have come from somewhere else.
Actually Bitshares faithful were responsible for the first pump from 1400 to 2300. It began with a 1.6M market buy 5 seconds after Dan announced the Oct 13 data on mumble. It was the unleashing of a bunch of money that most of us had been saving up while BTS was falling while we were waiting for the 2.0 data to be announced. The second rally was mostly traders, i agree, which is why it got wiped out once they exited.
-
Hypothetical question: If BTS loan rates were really high, say 0.2% - 0.5%, would shorts have to either renew at those loans after 2 days, or otherwise cover?
Would it result in margin call if they can't find BTS to renew the loan?
loans automatically renew at the lowest available rate. I had a similar question a few weeks ago...what if someone used all of the available loan supply to place a sell order at a very high price? Would this cause anyone who is short to be liquidated when they can't renew their loan?
From: Tristan D'Agosta <contact@poloniex.com>
Date: Thu, Sep 24, 2015 at 2:02 AM
Subject: Re: Hypothetical Margin trading question
To: dave23
You would not be liquidated at all; the loan just wouldn't close until
another became available. I don't think this has ever happened for a
substantial period of time, because fewer loan offers means better
rates, which provides an incentive for more offers.
If you wanted to discourage people from LENDING their BTS to people who want to SHORT then all you need to do is offer to pay them better interest rates on-chain.
For example, offering everyone the option to earn 10% APR for a 30 day loan on the network would almost completely dry up the short side of the market. Unfortunately, it would result in long-term inflation.
It wouldnt result in long term inflation if the loan was being paid for by a borrower to a lender, on the BTS exchange. It would simply be a payment from one user to another.
It would be silly to have the blockchain itself offer that kind of return, of course.
-
(Edit: Ander points out that polo traders probably jumped in somewhere over 2300 satoshis. I think he's on to something but based on the chart I would call the entry point more like 1800 sat.)
I think the traders mostly started entering at 1800, on up. After the first pullback from 2300 down to 1800.
Anyway, it could either go as your chart says or could break higher now. The current push is sitting at the downtrend line as resistance.
I have no margin so I will just sit in BTS. I dont think margin is a good idea right now with the transition coming. There is a bunch of traders who will likely attempt a dump sometime around release people people expect 'sell the news', so dont put yourself in a position to get hurt by a dump. I have some btc to buy with if they try it, or if it goes down to 1800s soon.
-
Well, dumped my 1950s buys at a profit at least, I'll buy em back in 1800s if we get there, and if not thats great.
I would love to dump some BTS and then have it go up and never go back down to where I sold.
@Werneo, if we get the dump you are predicting do you think that will probably be the bottom?
-
The daily chart says something different ...
Yes , we are on a downtrend channel but right now on the lower resistance line...
+ we are on the lower bollinger bands line (that works as a resistance too
so I think even if the downtrend continues we will first witness a bounce to 2300 the next 2 days (before going to 1800)
(https://1.bp.blogspot.com/-DVcYGgqEXIg/VhW3KsUFruI/AAAAAAAADfU/5q-GpC47ILA/s1600/cryptrader.png)
-
@Werneo, if we get the dump you are predicting do you think that will probably be the bottom?
I think so. Unless there is a problem with the beta release, though from what I have read the testing is going fine and we are ready to launch the chain on Oct 13.
Here's a chart that shows the two main declining price range channels. So maybe after we hit another post-bubble low, the price might bounce up into the next channel. That would reset the price at a higher level and put bts in a range of 2500 - 2100 sat ... and declining. I think the bulls need to get well above 2500 satoshis to break the downtrend.
But who knows? Anything can happen.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-07%2017.34.12.png)
-
It's happening.
This looks incredibly sexy and is making me more bullish : www.openledger.info
Questions:
1. Can I store my Bitcoin with OpenLedger ?
Will OpenLedger have a downloadable client for windows and mac?
Has OpenLedger been in talks with Paypal?
How will withdrawing funds to my PayPal account work when paypal does not accept BTC?
-
(http://i.imgur.com/VwTcdpF.gif)
-
FWIW
Poloniex is in contact with the Bitshares BTS developers and will have the 2.0 integration ready in the time for the launch. All funds will be migrated. Posted by MobyDick at 2015-10-07 00:03:44
-
It's happening.
This looks incredibly sexy and is making me more bullish : www.openledger.info
Questions:
1. Can I store my Bitcoin with OpenLedger ?
Will OpenLedger have a downloadable client for windows and mac?
Has OpenLedger been in talks with Paypal?
How will withdrawing funds to my PayPal account work when paypal does not accept BTC?
Anyone?
-
It's happening.
This looks incredibly sexy and is making me more bullish : www.openledger.info
Questions:
1. Can I store my Bitcoin with OpenLedger ?
Will OpenLedger have a downloadable client for windows and mac?
Has OpenLedger been in talks with Paypal?
How will withdrawing funds to my PayPal account work when paypal does not accept BTC?
Anyone?
@ccedk
-
thrilling but no cigar...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-08%2006.52.43.png)
-
could it be a flag formation after a W ?
-
could it be a flag formation after a W ?
I don't think it's a flag because it's traveling in the same direction as the overall downtrend. A true flag pattern would travel in the opposite direction of the larger trend. http://www.investopedia.com/university/charts/charts6.asp
-
I look at this downtrend as a smaller, fading counter-trend within the larger uptrend beginning 9/4. Also, while drawing the downtrend channel helps visualize the boundaries of the price pathway from the local high to the next local low, it does not tell us where the actual low will be (i.e. how far it will follow the counter-trend). For this I would look at the fibonacci retracement levels. So far we've bounced at various fib levels, most recently around the 38.2% fib, which may be the approximate bottom, just as it was with the retracement of the smaller move from 1400-2400. We could go a little lower, perhaps to the 23.6% fib level of the larger overall move from 1400-3100, which would actually be a 100% retracement of the second sub-move move from 1700-3100. I tend to doubt it needs to retrace that much. So I very cautiously say the bottom may be in. Although anything can happen!
(https://www.coinigy.com/assets/img/charts/56167ab0.png)
https://www.coinigy.com/assets/img/charts/56167ab0.png
thrilling but no cigar...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-08%2006.52.43.png)
-
I am prepared for whatever happens. Have more BTS fully paid for than ever before, and a few btc ready in case we crash.
-
I look at this downtrend as a smaller, fading counter-trend within the larger uptrend beginning 9/4.
+5%
-
True
-
It remembers me the time when I was a child and I was staring the clouds with friends...
We never saw the damn same thing :P
(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2F2.bp.blogspot.com%2F-rioq8cVKQG4%2FT63y6w3xYXI%2FAAAAAAAABGU%2FJIvq5Z_ZOSA%2Fs1600%2Ffunny%2Bcloud%2Bpictures%2B%286%29.jpg&sp=0f5ce5c91f61cc91e7ecc3f24e800cd7)
-
I see a bear in that cloud.
You saying its going down? :P
-
I see a bear strangled by a bull.
-
I see a lion cub, or maybe a little baby calf. Except for the shadow on the lower right part of the cloud. I see a wolf or a doggie there.
The good news is none of these things is a bear, and one of them could potentially grow into a bull
-
lion king!
-
Excuse me, what direction are we heading and will we see 0.01 USD this year?
-
Excuse me, what direction are we heading and will we see 0.01 USD this year?
(http://s2.quickmeme.com/img/75/75b36407ad5678b7a9150525902ca39b57a99b1b492a189d9e34ecc79c6aafdd.jpg)
-
could it be a flag formation after a W ?
I don't think it's a flag because it's traveling in the same direction as the overall downtrend. A true flag pattern would travel in the opposite direction of the larger trend. http://www.investopedia.com/university/charts/charts6.asp
please see the weekly chart! https://cryptrader.com/charts/poloniex/bts/btc
and then answer to my same question: "could it be a flag formation after a W ?"
I clearly see a flag pattern traveling on the opposite uptrend direction! (MACD)
(https://3.bp.blogspot.com/-FbCJKA478-8/Vhd5YzwVHqI/AAAAAAAADfk/E_Y-BLzX5F0/s1600/bts_flag.png)
-
it could be even a "handle" formation of a nice "cap" ....
-
So did we break it yet? ;)
-
When this baby breaks 2300......your're gonna see some serious shit.
8)
-
So did we break it yet? ;)
yup.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-09%2007.21.10.png)
one note of caution is that buy orders on poloniex have declined to around 300 btc this morning. That suggests that in the past 12 hours around 100 btc have been withdrawn from the bids and used to buy up the asks. We need more buy pressure to keep this rally going, otherwise some whale is going to take profits and the downtrend might resume.
-
So did we break it yet? ;)
Breaking out...
(https://www.coinigy.com/assets/img/charts/5617cca0.png)
https://www.coinigy.com/assets/img/charts/5617cca0.png
-
could it be a flag formation after a W ?
I don't think it's a flag because it's traveling in the same direction as the overall downtrend. A true flag pattern would travel in the opposite direction of the larger trend. http://www.investopedia.com/university/charts/charts6.asp
please see the weekly chart! https://cryptrader.com/charts/poloniex/bts/btc
and then answer to my same question: "could it be a flag formation after a W ?"
I clearly see a flag pattern traveling on the opposite uptrend direction! (MACD)
(https://3.bp.blogspot.com/-FbCJKA478-8/Vhd5YzwVHqI/AAAAAAAADfk/E_Y-BLzX5F0/s1600/bts_flag.png)
I see what you mean! Yeah, could be.
-
When this baby breaks 2300......your're gonna see some serious shit.
8)
I'm ready bags loaded! !!!!!!!!!
-
(http://i.imgur.com/vyU0SIp.gif)
-
The horizontal red line on the image below predicts a level of resistance around 2367 satoshis. After that it's clear sailing all the way to 2500 sat. That's the upper border of the downtrend. When bts can get safely above 2500 then you can bring out the rocket memes.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-09%2011.36.26.png)
-
I love all these squiggly lines. I don't understand them like you guys do, but please keep posting them. I'll figure it out eventually.
-
How is OpenLedgers exchange different from Bitshares?
How are Bitshares used on www.openledger.info?
-
When bts can get safely above 2500 then you can bring out the rocket memes.
(http://i.imgur.com/XDS2HI0.jpg)
-
How is OpenLedgers exchange different from Bitshares?
How are Bitshares used on www.openledger.info?
This is a thread for bitshares price discussion. Ask questions about OpenLedger here: https://bitsharestalk.org/index.php/board,98.0.html
-
Tuck what the hell does that chart mean. :P
-
Tuck what the hell does that chart mean. :P
It's all explained in muh white papah ... http://scigen.csail.mit.edu/scicache/192/scimakelatex.31943.Tuck+Fheman.bts-wolong.pdf
-
Tuck what the hell does that chart mean. :P
It's all explained in muh white papah ... http://scigen.csail.mit.edu/scicache/192/scimakelatex.31943.Tuck+Fheman.bts-wolong.pdf
....
What is going on. :P
-
Tuck what the hell does that chart mean. :P
It's all explained in muh white papah ... http://scigen.csail.mit.edu/scicache/192/scimakelatex.31943.Tuck+Fheman.bts-wolong.pdf
Very good stuff. Impressive work.
You're at MIT?
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I want something that can create fake scientific papers full of buzzwords like that. Its hilarious.
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Excellent. Now if you can turn that into a business plan with one "bitcoin" mention in every ten words, I'm quite confident you'll get some venture funding.
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+5%
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You're at MIT?
(http://img.ccrd.clearchannel.com/media/mlib/2135/2015/07/default/wink_gif_0_1437133228.gif)
I want something that can create fake scientific papers full of buzzwords like that. Its hilarious.
https://pdos.csail.mit.edu/archive/scigen
Excellent. Now if you can turn that into a business plan with one "bitcoin" mention in every ten words, I'm quite confident you'll get some venture funding.
I'll get to work on it while you secure the funding for us!
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Tuck what the hell does that chart mean. :P
It's all explained in muh white papah ... http://scigen.csail.mit.edu/scicache/192/scimakelatex.31943.Tuck+Fheman.bts-wolong.pdf
Awesome.
Here's some additional information:
https://www.youtube.com/watch?v=rLDgQg6bq7o
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Excellent. Now if you can turn that into a business plan with one "bitcoin" mention in every ten words, I'm quite confident you'll get some venture funding.
lol
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Here's some additional information:
https://www.youtube.com/watch?v=rLDgQg6bq7o
This is what it sounded like when someone explained Bitcoin to me in 2012. ;)
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Here's some additional information:
https://www.youtube.com/watch?v=rLDgQg6bq7o
This is what it sounded like when someone explained Bitcoin to me in 2012. ;)
This is what Bitshares sounds like to the average Bitcoiner when it goes over their head.
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Looks like we are heading back down
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Volume is also sharply falling ..
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zone of resistance starting right around 2370... also the up and down trends come together around the 2.0 launch date. I'm concerned we'll see another drop at launch as traders take profits. ("buy the rumor, sell the news")
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2009.04.39.png)
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I'm concerned we'll see another drop at launch as traders take profits. ("buy the rumor, sell the news")
+1
(http://i.imgur.com/HXqFZxu.jpg)
New monies dried up, down we go again for a bit.
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zone of resistance starting right around 2370... also the up and down trends come together around the 2.0 launch date. I'm concerned we'll see another drop at launch as traders take profits. ("buy the rumor, sell the news")
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2009.04.39.png)
http://www.forbes.com/sites/rogeraitken/2015/10/10/openledgers-crypto-financial-platform-officially-launching-as-central-bank-interest-revealed/3/
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http://www.forbes.com/sites/rogeraitken/2015/10/10/openledgers-crypto-financial-platform-officially-launching-as-central-bank-interest-revealed/3/
Those are some big words blazin.
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My analysis, for what it's worth...
Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance
the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues. edit: jsidhu rightly points out that removing bts from polo would cause the supply to drop and price to increase.
(http://ak-hdl.buzzfed.com/static/enhanced/webdr01/2013/5/21/17/anigif_enhanced-buzz-29709-1369172349-18.gif)
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2014.56.42.png)
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My analysis, for what it's worth...
Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance
the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2014.56.42.png)
If people pulled their coins out of the exchange wouldn't this mean lack of supply shooting price up?
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My analysis, for what it's worth...
Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance
the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2014.56.42.png)
If people pulled their coins out of the exchange wouldn't this mean lack of supply shooting price up?
exactly. no one would be selling. Not to mention Polo is handling the transfer.
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Here is my take on BTS current situation:
Crypto Sphere has been anticipating the launch of BTS 2.0 for over a year. The platform is said to be groundbreaking and a breakthrough.
At the moment, just before the launch, it sits above dash.
After the launch, I don’t see it falling bellow the instamined dash, cause if it does then the project will be tagged as an absolute failure that couldn’t even compete with an instamined sh..
If the project is a success then it has Ethereum as competition. For it to be tagged a success it has to surpass Ethereum market cap but not at the current valuation. Ethereum has had its moment and is now on its deathbed. Bitshares has to surpass the Ethereum market cap once it was on its peak.
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(http://i.imgur.com/3HHsGu6.jpg)
Today's resistance is tomorrows support.
-
Here is my take on BTS current situation:
Crypto Sphere has been anticipating the launch of BTS 2.0 for over a year. The platform is said to be groundbreaking and a breakthrough.
At the moment, just before the launch, it sits above dash.
After the launch, I don’t see it falling bellow the instamined dash, cause if it does then the project will be tagged as an absolute failure that couldn’t even compete with an instamined sh..
If the project is a success then it has Ethereum as competition. For it to be tagged a success it has to surpass Ethereum market cap but not at the current valuation. Ethereum has had its moment and is now on its deathbed. Bitshares has to surpass the Ethereum market cap once it was on its peak.
Success may come immediately, but more likely it will take time to introduce 2.0 to the world. I would never judge this project's success by next week's price. If it's at the same place next year, then we've done something wrong. Whales and market swings aside, my guess is that we'll soon see something rare in the crypto world: a slow and steady increase over time as more and more businesses jump onto BitShares and move up the volume, as individuals also discover the many problems it solves.
-
Here is my take on BTS current situation:
Crypto Sphere has been anticipating the launch of BTS 2.0 for over a year. The platform is said to be groundbreaking and a breakthrough.
At the moment, just before the launch, it sits above dash.
After the launch, I don’t see it falling bellow the instamined dash, cause if it does then the project will be tagged as an absolute failure that couldn’t even compete with an instamined sh..
If the project is a success then it has Ethereum as competition. For it to be tagged a success it has to surpass Ethereum market cap but not at the current valuation. Ethereum has had its moment and is now on its deathbed. Bitshares has to surpass the Ethereum market cap once it was on its peak.
Success may come immediately, but more likely it will take time to introduce 2.0 to the world. I would never judge this project's success by next week's price. If it's at the same place next year, then we've done something wrong. Whales and market swings aside, my guess is that we'll soon see something rare in the crypto world: a slow and steady increase over time as more and more businesses jump onto BitShares and move up the volume, as individuals also discover the many problems it solves.
Personally I'll be looking at how liquid and stable BitAssets are in the next month or two and that the referral programme is functioning correctly. With those two things in place we should have a product people want and an incentive for third parties to promote it. Resulting in strong new user growth. Providing that is happening the price will take care of itself.
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today's deep thoughts...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-11%2008.47.27.png)
"If you ever accidentally drop your keys into a river of molten lava, let 'em go, because man, they're gone."
-- J. Handy
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Will openledger have a downloadable client as well?
Or will bitshares have a downloadable client?
Will OpenLedger have a mobile wallet app?
-
Here is my take on BTS current situation:
Crypto Sphere has been anticipating the launch of BTS 2.0 for over a year. The platform is said to be groundbreaking and a breakthrough.
At the moment, just before the launch, it sits above dash.
After the launch, I don’t see it falling bellow the instamined dash, cause if it does then the project will be tagged as an absolute failure that couldn’t even compete with an instamined sh..
If the project is a success then it has Ethereum as competition. For it to be tagged a success it has to surpass Ethereum market cap but not at the current valuation. Ethereum has had its moment and is now on its deathbed. Bitshares has to surpass the Ethereum market cap once it was on its peak.
Success may come immediately, but more likely it will take time to introduce 2.0 to the world. I would never judge this project's success by next week's price. If it's at the same place next year, then we've done something wrong. Whales and market swings aside, my guess is that we'll soon see something rare in the crypto world: a slow and steady increase over time as more and more businesses jump onto BitShares and move up the volume, as individuals also discover the many problems it solves.
...And during the period of 2013-2015, while too slow in the eyes of many observers, yours truly included, Dan build the first horseless carriage...
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Next stop 2800
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the stars are lining up....
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-11%2013.50.01.png)
4.6 million btc bid at 2400 is goosing the green lines....... and it's gone.
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2483 ... here we go !
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The alligator has awoken.
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My analysis, for what it's worth...
Violet lines: uptrend since September
Green lines: short term downtrend
blue: very short term uptrend
yellow: resistance
the yellow line at ~2372 satoshis defines an important zone of resistance. Right now the price is stalled at around 2300. Buyers and sellers are at a crossroads. It's a moment of tension but look for a resolution by Monday. This week, smart people will be hearing about bitshares for the first time. They will take their time to study it before investing any money. That's why I have doubts about whether "this is it". I don't anticipate a frenzy into bts on Wednesday. I think the price might sink because a lot of people intend to pull their coins out of poloniex on Monday so they can have have them in their wallets for the snapshot on Tues. edit: jsidhu rightly points out that removing bts from polo would cause the supply to drop and price to increase.
(http://ak-hdl.buzzfed.com/static/enhanced/webdr01/2013/5/21/17/anigif_enhanced-buzz-29709-1369172349-18.gif)
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-10%2014.56.42.png)
Did we break out of your outside bearish wedge?
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So basically what everyone is saying is?
Moon?
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Did we break out of your outside bearish wedge?
Not sure yet. My cup and handle idea has been invalidated because the "handle" is now heading higher.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-11%2017.14.22.png)
For now, the top of the medium-term downtrend is at ~2465 satoshis. The price probably needs to go sustainably above 2500 to call this a real breakout.
near term trading range: 2350 - 2500 sat. If 2350 fails, the next area of resistance is ~2275
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What's happening i don't have enough BTS yet
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(http://new2.fjcdn.com/pictures/Magnifying_6f823f_2814131.jpg)
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I sold a little in 2400s and have no margin, just to be safe in case people try a 'sell the news' dump. If it drops after release I'll buy, if not, yay!
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Glad I sold some in 2400s...sad it went back down some.
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I sold a little in 2400s and have no margin, just to be safe in case people try a 'sell the news' dump. If it drops after release I'll buy, if not, yay!
There's your drop.
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I think I shat myself with that dump
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I think I shat myself with that dump
Don't wipe just yet. ;)
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Wow right back up, nice.
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too many big fish in the game for poor folk like me too play
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2500 broken
bang bang http://www.hotnewhiphop.com/jeezy-sweet-life-feat-janelle-monae-prod-by-c4-new-song.1966693.html
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(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot-2015-10-12-08.54.jpg)
The trading range is ascending. Right now it's anywhere between 2500 and 2325 satoshis, with a steady incline. If the trend holds, the top will move to 2600 sat by tomorrow. But if the price can't get meaningfully over 2500 and keep it there, then we could see a sell off to the low 2300s before the uptrend resumes. Meanwhile I'm watching for FOMO spikes into the 2700 range.
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Good to see we are still going up. I expect the time around release to feature heavy manipulations and whales trying to shove it hard both up and down.
Looking forward to when that is all past, and the referrals start coming in.
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metaexchange has halted BTS trading.
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Good to see we are still going up. I expect the time around release to feature heavy manipulations and whales trying to shove it hard both up and down.
Looking forward to when that is all past, and the referrals start coming in.
I too am counting on a whale orgy of oceanic proportions.
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metaexchange has halted BTS trading.
Why
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Hey everyone I'm new to the forums. I've been watching for a while.
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Hey everyone I'm new to the forums. I've been watching for a while.
Welcome mr. Johal
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Hey everyone I'm new to the forums. I've been watching for a while.
Welcome mr. Johal
Thank you. Good to see u here.
What do you guys expect to see happen next few weeks?
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Hey everyone I'm new to the forums. I've been watching for a while.
Welcome mr. Johal
Thank you. Good to see u here.
What do you guys expect to see happen next few weeks?
1BTS = $10
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Hey everyone I'm new to the forums. I've been watching for a while.
Welcome mr. Johal
Thank you. Good to see u here.
What do you guys expect to see happen next few weeks?
1BTS = $10
I wish. This is highly unrealistic though. How many Total BTS will there be?
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metaexchange has halted BTS trading.
Why
I'm guessing it's due to the upgrade tomorrow.
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What do you guys expect to see happen next few weeks?
Lot's of problems, lot's of FUD, massive hype pump followed by massive dump leaving us between 3500-4000 sats in two weeks.
In other words, just the normal stuff for a cryptocurrency update.
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i say 11k in two weeks
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Total # BTS?
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Total # BTS?
https://www.coingecko.com/en/coins/bitshares
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i say 11k in two weeks
I hope you're right.
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2.5 Billion total BTS....
So someone injects 3000 btc into this and it will explode?
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2.5 Billion total BTS....
So someone injects 3000 btc into this and it will explode?
We are averaging about 1k btc volume a day for last month or so.. I usually give 10% as new money so weve had about 100btc of new buys for about 30 days or about 3k btc so far from last months hype.
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2.5 Billion total BTS....
So someone injects 3000 btc into this and it will explode?
We are averaging about 1k btc volume a day for last month or so.. I usually give 10% as new money so weve had about 100btc of new buys for about 30 days or about 3k btc so far from last months hype.
Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
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Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
Its best to think in terms of market caps, not quantity of coins or price of one coin.
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Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
Its best to think in terms of market caps, not quantity of coins or price of one coin.
Interesting. Thanks. Im kind of a noob but im glad I stumbled upon this coin. Something feels right. I hope tomorrow goes smooth and I will invest more. I hope to see this at 2 cents USD at least. or 8k satoshi as many say.
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Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
Its best to think in terms of market caps, not quantity of coins or price of one coin.
Interesting. Thanks. Im kind of a noob but im glad I stumbled upon this coin. Something feels right. I hope tomorrow goes smooth and I will invest more. I hope to see this at 2 cents USD at least. or 8k satoshi as many say.
I would still be at a loss on my early BTS purchases at those prices! :P
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Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
Its best to think in terms of market caps, not quantity of coins or price of one coin.
Interesting. Thanks. Im kind of a noob but im glad I stumbled upon this coin. Something feels right. I hope tomorrow goes smooth and I will invest more. I hope to see this at 2 cents USD at least. or 8k satoshi as many say.
I would still be at a loss on my early BTS purchases at those prices! :P
Seems so far from here. We will see what happens I guess. Alot of people are saying ETH will be the future not BTS...I don't know what to think
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Interesting. Supply should be dropping pretty quick then...2.5 billion sounds like a ton but its really not if you think about it.
Its best to think in terms of market caps, not quantity of coins or price of one coin.
Interesting. Thanks. Im kind of a noob but im glad I stumbled upon this coin. Something feels right. I hope tomorrow goes smooth and I will invest more. I hope to see this at 2 cents USD at least. or 8k satoshi as many say.
I would still be at a loss on my early BTS purchases at those prices! :P
Seems so far from here. We will see what happens I guess. Alot of people are saying ETH will be the future not BTS...I don't know what to think
Its about decentralization while being a processing blockchain aswell as settlement one. With 1 sec blocktimes at 100k tps theres nothing that comes close. No other chain even comes close while providing decentralization as bts. If bts can prove 100k tps on a testnet on roids it will replace eth as the goto coin of the future. Eth is good too but its more about algorithms onchain rather than currency.. bts aims to kinda do both once smart contracts are available although i think a bridge between bts and eth would allow room for
both as eth are experts in smart contracts and bts are experts in assets and dpos.
Bitcoin is a settlement chain and to do processing it needs lightning transactions implemented which is an external service and useful for micro transactions and not as goodfor bigger transactions as its assumed people will pay for security although if bts can do processing without the need for external services it removes the need to add an extra layer of complication to the end user.
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Seems so far from here. We will see what happens I guess. Alot of people are saying ETH will be the future not BTS...I don't know what to think
People have literally been shitting all over BTS continually for more than 12 months now. Its oversold as hell and there were pretty much absolutely no believers in it among traders outside of a few people in this forum.
EVERYONE in crypto just ignored the hell out of BTS all year and acted like it was dead, and read the FUD posts of the trolls who dredged up every imaginable excuse to try to get people to sell BTS. All the while BTS has been getting closer to releasing an amazing new version that fixes a lot of problems from the 0.x builds, as well as building up a LOT of strategic business partnerships with a variety of different people.
It was extremely frustrating to see all the good stuff this community has been working on and seeing everyone in cryptoland just shitting on this project constantly no matter what happened.
So yes, I am sure that lots of underinformed people think Ethereum is awesome and BTS sucks. Ethereum did a godo job hyping and we pretty much got negative hype for 12 months straight.
Only for the past month since the release announcement has anyone out there been paying attention to BTS or giving us any good press.
You have to buy the unloved project with potential if you want to make big money, not the one everyone is already invested in that is still a year+ away from actually being ready for anything really cool to happen.
If you havent been following BTS until recently you have NO IDEA how bearish everyone has been on BTS for so long. Pretty much the majority of even die hard members thought it was dying at various points earlier this year, me included. The price is still down in the "we think BTS is dying" range. Its absolutely ridiculous.
A lot of the new traders are going to sell out of BTS on a 20%, 50% or whatever rise and take their profit, but they are going to miss the 10x when it comes. The BTS price needs to correct up by 5-10x just to reach a reasonable level reflecting its potential. That would take it back to where it was a year ago, when we had nothing but a shitty client and a broken bitasset system! But now we have 2.0!
If the referral program actually works well and the real users come in, we are talking about a 100x+ gain, not a 10x. We are talking about bitcoin going from $2 to hundreds, over 12-24 months.
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Seems so far from here. We will see what happens I guess. Alot of people are saying ETH will be the future not BTS...I don't know what to think
People have literally been shitting all over BTS continually for more than 12 months now. Its oversold as hell and there were pretty much absolutely no believers in it among traders outside of a few people in this forum.
EVERYONE in crypto just ignored the hell out of BTS all year and acted like it was dead, and read the FUD posts of the trolls who dredged up every imaginable excuse to try to get people to sell BTS. All the while BTS has been getting closer to releasing an amazing new version that fixes a lot of problems from the 0.x builds, as well as building up a LOT of strategic business partnerships with a variety of different people.
It was extremely frustrating to see all the good stuff this community has been working on and seeing everyone in cryptoland just shitting on this project constantly no matter what happened.
So yes, I am sure that lots of underinformed people think Ethereum is awesome and BTS sucks. Ethereum did a godo job hyping and we pretty much got negative hype for 12 months straight.
Only for the past month since the release announcement has anyone out there been paying attention to BTS or giving us any good press.
You have to buy the unloved project with potential if you want to make big money, not the one everyone is already invested in that is still a year+ away from actually being ready for anything really cool to happen.
If you havent been following BTS until recently you have NO IDEA how bearish everyone has been on BTS for so long. Pretty much the majority of even die hard members thought it was dying at various points earlier this year, me included. The price is still down in the "we think BTS is dying" range. Its absolutely ridiculous.
A lot of the new traders are going to sell out of BTS on a 20%, 50% or whatever rise and take their profit, but they are going to miss the 10x when it comes. The BTS price needs to correct up by 5-10x just to reach a reasonable level reflecting its potential. That would take it back to where it was a year ago, when we had nothing but a shitty client and a broken bitasset system! But now we have 2.0!
If the referral program actually works well and the real users come in, we are talking about a 100x+ gain, not a 10x. We are talking about bitcoin going from $2 to hundreds, over 12-24 months.
yup in crypto 2.0 utility will drive price and adoption.. rest will fall
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crazy
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I wish us luck. I will buy more tmr once everything is updated...
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Someone tried to be oversmart trying to get pricr to fall with a sell of their stash thinking they can buy on a lower price after release but they got bought up and recovery now :p.. Someones gonna be kicken themselves.
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I think there's a lot of people expecting the price to dip after release. I would love nothing more than to see all those shorts get ruined.
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I think there's a lot of people expecting the price to dip after release. I would love nothing more than to see all those shorts get ruined.
So far, doesn't seem to be very many buyers needing to get in. Looks like all you guys tapped out on BTS buying over the past year and nobody else is scratching to get in at this point.
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Yeah. I'm not trying to say it won't dip. It very well could. Even if it doesn't I highly doubt the shorts will get crushed. It's still what Id like to see.
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Yeah. I'm not trying to say it won't dip. It very well could. Even if it doesn't I highly doubt the shorts will get crushed. It's still what Id like to see.
Yeah, not sure if it will dip much honestly. Seems to be holding up. Like you said though, I wouldn't be surprised if it did take a dive. Bitshares has lost the trust of a lot of potential buyers. Buyers who are now committed to other crap coins. Bitshare is just going to have to prove itself and take a slow ride to the top. If it can. I know I have my doubts. But we will see.
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I expected this. And a light saber to 1700-1800
But what's up with the manipulation of the countdown ? Modified 2 times already. Pretty shameful
Explanation: In the first image i had 2 tabs opened. One from yesterday and another opened recently. On top you have the old tab that shows 8 hours and then you have a modification of the timer to 12 hours. In the second image, it should've been 3 hours 58 minutes left and again was modified to 7 hours 58 LOL
(http://i.imgur.com/HK9I6Li.png)
(http://i.imgur.com/l2ymwEr.png)
Kept multiple tabs opened
stick with facts
The actual snapshot time will be the last block prior to 9:00:00AM EST. BTS 2.0 chain will then launch no later than 4PM EST.
you can find it here https://bitshares.org/blog/2015/09/11/BitShares-2.0-Launching-on-October-13th/
so who cares about a silly counter?
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Who cares about a silly countdown ?
Everyone that brought the price up from 1400 to 2500-3200
:))
JS looks to be wacky.. the time of snapshot doesnt change, maybe in your head it does though.
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But what's up with the manipulation of the countdown ? Modified 2 times already. Pretty shameful
You complaining about the correction of the countdown timer is pretty ridiculous.
The downside of getting a lot of attention from traders recently because of being #1 volume on polo is that all of them come and troll here.
How about you sell your BTS and leave and stick to the polo trollbox. :P
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Quite the spike down tonight, glad I had sold some and was ready.
I bet we had a bunch of people overleveraged yet again expecting a pump into the release, and so of course they got destroyed.
We arent out of the woods on whales trying to shove it hard in either direction until well past release I think.
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Buy the rumour sell the ... uh ... rumour.
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Buy the rumour sell the ... uh ... rumour.
Sell the news started a few hours ago. :P
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I think everyone is.. and should.. be pulling out of the central exchanges until after the upgrade and moving their BTS to the safety of their wallets. So no t totally surprised by the drop.. anybody who is continuing to trade is either attempting a double spend to dump and/or is completely unaware of what they are trading on and what is going on.
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This is fun.
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This is fun.
Wouldnt have won but wouldve been close though.
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I think everyone is.. and should.. be pulling out of the central exchanges until after the upgrade and moving their BTS to the safety of their wallets. So no t totally surprised by the drop.. anybody who is continuing to trade is either attempting a double spend to dump and/or is completely unaware of what they are trading on and what is going on.
And the fear of this is exactly why we dropped 10%.
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Lol bter hit 1500. Probably because people realized they'll fail to upgrade, and itll be worthless fake bts they are bagholding there.
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Lol bter hit 1500. Probably because people realized they'll fail to upgrade, and itll be worthless fake bts they are bagholding there.
They did stop deposits. Hopefully they'll upgrade and then honor the snapshot.
-
Whats that mean is this process going ok?
-
Whats that mean is this process going ok?
Yep .. it does .. all systems are in the green :D
-
Whats that mean is this process going ok?
Yep .. it does .. all systems are in the green :D
That's good news. So people lost funds on bter? What happend there?
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Whats that mean is this process going ok?
Yep .. it does .. all systems are in the green :D
That's good news. So people lost funds on bter? What happend there?
Nothing good ever happens on Bter. Avoid that place like the plague.
They won't refund Qora holders funds and it's been 3+ months. I've read other coins have the same fate.
They claim they can't even figure out how to resync the wallet. Do not give these people your money, ever.
They will most likely use your funds to cover their "hacked" BTC.
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That's good news. So people lost funds on bter? What happend there?
Their "cold wallet" got hacked and they lost 7170 btc. Because the cold wallet wasnt cold. :P
They gave 7% of the btc back to people and reopened.
Since then its been a graveyard and they sometimes steal the coins you deposit, while claiming that they cannot get the wallet to work or something.
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That's good news. So people lost funds on bter? What happend there?
Their "cold wallet" got hacked and they lost 7170 btc. Because the cold wallet wasnt cold. :P
They gave 7% of the btc back to people and reopened.
Since then its been a graveyard and they sometimes steal the coins you deposit, while claiming that they cannot get the wallet to work or something.
What a bunch of dirty people. I am glad I am with POLO. They seemed very nice and professional.
However as a potential investor im not sure if I should buy. People in TROLLBOX says BTS is falling down now and ETH will rise? Why? ....whats your advice?
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However as a potential investor im not sure if I should buy. People in TROLLBOX says BTS is falling down now and ETH will rise? Why? ....whats your advice?
Stop listening to the polo trollbox, everyone there is just talking their book and trying to mislead you.
People buy on margin and then scream BTS to the moon, or they short it and then spew FUD.
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However as a potential investor im not sure if I should buy. People in TROLLBOX says BTS is falling down now and ETH will rise? Why? ....whats your advice?
Stop listening to the polo trollbox, everyone there is just talking their book and trying to mislead you.
People buy on margin and then scream BTS to the moon, or they short it and then spew FUD.
Makes sense ....I will hold until I see something later in the day...when do you think everything will be 100% live?
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when do you think everything will be 100% live?
I believe 4PM EST.
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I am glad I am with POLO. They seemed very nice and professional.
They also held Qora users funds for 3+ months in the past claiming *"wallet issues".
Don't trust ANY centralized exchange.
*It takes a few hours to resync the Qora wallet from scratch.
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when do you think everything will be 100% live?
I believe 4PM EST.
What do you guys expect with the price? Continue to head down?
....part of me wants to buy in buy not sure with all this FUD ive seen now. I will hold what I have though...
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What do you guys expect with the price? Continue to head down?
....part of me wants to buy in buy not sure with all this FUD ive seen now. I will hold what I have though...
You sure are impressionable lol. Do what you think is best and makes you happy; no one knows what the future holds.
Any advice anyone gives is going to be in their best interest. You really can't trust anyone. Most especially a trollbox hah.
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Will the Bitshares.org website be different than the Openledgers site?
Will I be able to send funds to bitshares.org ?
Okay. Advice taken
-
Last night's sell off messed up all the technicals....
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-13%2012.55.13.png)
I am hoping reason kicks in and the price moves back into that nice up channel. Watch for 2400 sat.
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[...]
Don't trust ANY centralized exchange.
[...]
Let's create a truely decentralized crypto exchange!
https://bitsharestalk.org/index.php/topic,18602.0.html
</ad>
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Above 2400 again, at least for a second.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
If you are thinking of going all in long on margin? No do not do it.
If you are thinking of buying and holding a bunch of BTS, not on margin? That is exactly what I have done with all my BTC.
But you are responsible for whatever you do with your money.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
If you are thinking of going all in long on margin? No do not do it.
If you are thinking of buying and holding a bunch of BTS, not on margin? That is exactly what I have done with all my BTC.
But you are responsible for whatever you do with your money.
Im not interested in margins or anything. Just buying and holding. This is what I'm thinking about doing. I'll sleep on it.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
Both are "high risk".
Personally, if it were my 30 BTC I'd use no more than half buying BTS.
But, since it's your BTC, I say spend it all on BTS! ;)
Either way, I have a lot of faith that BTS will be worth MUCH MORE than the current price in the days/weeks/months/years to come.
BTS will double up quicker than BTC that's for sure and I think it will do a lot more than that down the road.
These are simply my opinions, I have no idea what I'm talking about, don't listen to me, I get my trading advice from a 95 year old Choctaw Indian during his Gorilla Glue #4 visions. :P
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
Both are "high risk".
Personally, if it were my 30 BTC I'd use no more than half buying BTS.
But, since it's your BTC, I say spend it all on BTS! ;)
Either way, I have a lot of faith that BTS will be worth MUCH MORE than the current price in the days/weeks/months/years to come.
BTS will double up quicker than BTC that's for sure and I think it will do a lot more than that down the road.
These are simply my opinions, I have no idea what I'm talking about, don't listen to me, I get my trading advice from a 95 year old Choctaw Indian during his Gorilla Glue #4 visions. :P
Who's price will double first? ETH or BTS? ...if you had to guess
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kingjohal start thinking for yourself.
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Soon after raiding my stash of Gorilla Glue #4, I had the following vision:
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-13%2014.36.48.png)
Now I'm wondering if that 45° green up channel might be too ambitious. The blue lines suggest another broad wave coming up at a lower angle. Not sure if it's a mirage, but we'll know soon enough.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
If you are thinking of going all in long on margin? No do not do it.
If you are thinking of buying and holding a bunch of BTS, not on margin? That is exactly what I have done with all my BTC.
But you are responsible for whatever you do with your money.
Im not interested in margins or anything. Just buying and holding. This is what I'm thinking about doing. I'll sleep on it.
If you're buying and holding, and you its money you don't need right away, I say go for it. Fortune favors the bold. And actually the price is far too low for the majority of shares to get dumped. At worst if we go back down to historic lows we dump down to 1500 range. We haven't even doubled. Just look at the 52 week chart. We are no where near all time highs. I suspect your time in the troll box is making you indecisive. If you can afford to hold it. Bts right here right now is a ridiculously cheap bet. If you're feeling cautious just put some low buy orders in and see if margin calls reach your order. Traders are gonna trade. Take advantage. But check back in a few months and I think you will be rewarded.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
If you are thinking of going all in long on margin? No do not do it.
If you are thinking of buying and holding a bunch of BTS, not on margin? That is exactly what I have done with all my BTC.
But you are responsible for whatever you do with your money.
Im not interested in margins or anything. Just buying and holding. This is what I'm thinking about doing. I'll sleep on it.
If you're buying and holding, and you its money you don't need right away, I say go for it. Fortune favors the bold. And actually the price is far too low for the majority of shares to get dumped. At worst if we go back down to historic lows we dump down to 1500 range. We haven't even doubled. Just look at the 52 week chart. We are no where near all time highs. I suspect your time in the troll box is making you indecisive. If you can afford to hold it. Bts right here right now is a ridiculously cheap bet. If you're feeling cautious just put some low buy orders in and see if margin calls reach your order. Traders are gonna trade. Take advantage. But check back in a few months and I think you will be rewarded.
Trollbox has infected my mind yeah. But thanks for the input.
BTW, Ander I can think for myself ...What's wrong with picking others brains and asking questions before you make an investment?....nothing at all.
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@kingjohal
If you feel hesitant try staggering your buys. I try to buy and sell in at least 2-3 steps. And always keep a little btc on hand. That way you'll never feel totally disappointed if the price falls. You get to buy a bit on sale. No need to go all in, especially at one price point.
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In your guys honest opinion human to human...if I have 30 btc left is it worth going all in BTS or do I have a very high risk of losing all of this 30 btc
If you are thinking of going all in long on margin? No do not do it.
If you are thinking of buying and holding a bunch of BTS, not on margin? That is exactly what I have done with all my BTC.
But you are responsible for whatever you do with your money.
Im not interested in margins or anything. Just buying and holding. This is what I'm thinking about doing. I'll sleep on it.
If you're buying and holding, and you its money you don't need right away, I say go for it. Fortune favors the bold. And actually the price is far too low for the majority of shares to get dumped. At worst if we go back down to historic lows we dump down to 1500 range. We haven't even doubled. Just look at the 52 week chart. We are no where near all time highs. I suspect your time in the troll box is making you indecisive. If you can afford to hold it. Bts right here right now is a ridiculously cheap bet. If you're feeling cautious just put some low buy orders in and see if margin calls reach your order. Traders are gonna trade. Take advantage. But check back in a few months and I think you will be rewarded.
Trollbox has infected my mind yeah. But thanks for the input.
BTW, Ander I can think for myself ...What's wrong with picking others brains and asking questions before you make an investment?....nothing at all.
Buy with 2 btc on every small dip on the 1hr chart
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Who's price will double first? ETH or BTS? ...if you had to guess
I don't do ETH, so I have no clue what it's price is.
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Personally, I don't expect anything from ETH.
They burned huge piles of money, and come out with a half-assed product which depends on others to be at least a bit functional, and leave the core development for other profitable businesses now. Big business won't use their chain for IoT applications, they'll start an own chain.
The BTS team has been dedicated to the core product for a very long time (in crypto world), got a fully working product and businesses already using it.
Therefor my position is long BTS, short ETH. If that helps your decision in any way ;)
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I'm looking forward to check every exchanges' balance. Just my 2 conspiracy :)
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Im going to give it 48 hours and keep watching.
Thank you for the input everyone.
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Personally, I don't expect anything from ETH.
They burned huge piles of money, and come out with a half-assed product which depends on others to be at least a bit functional, and leave the core development for other profitable businesses now. Big business won't use their chain for IoT applications, they'll start an own chain.
The BTS team has been dedicated to the core product for a very long time (in crypto world), got a fully working product and businesses already using it.
Therefor my position is long BTS, short ETH. If that helps your decision in any way ;)
Truth!
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I'm looking forward to check every exchanges' balance. Just my 2 conspiracy :)
Yeah. I fully expect that bter is #rekt.
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this coin was 20k sat last year? why?
Also I have been listening to the hangouts on youtube...in one he mentions a bank that has taken notice of BTS....do you guys know what Bytemaster was talking about?
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this coin was 20k sat last year? why?
No it was over 9k, but BTC was $500 at the time. So bts hit 5 cents.
For it to get back to 5 cents now would require 20k sats.
Why? Because a bunch of us realized its potential and threw lots of money at it.
But it was premature at the time, we had to work out a bunch of issues...which have now been fixed with 2.0.
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this coin was 20k sat last year? why?
No it was over 9k, but BTC was $500 at the time. So bts hit 5 cents.
For it to get back to 5 cents now would require 20k sats.
Why? Because a bunch of us realized its potential and threw lots of money at it.
But it was premature at the time, we had to work out a bunch of issues...which have now been fixed with 2.0.
Interesting...hmm. China has now awoken...maybe more price vol?
Where did all the vol come from on the pump in September?
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Has BTS been on the radar of any big timer VCs?
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Has BTS been on the radar of any big timer VCs?
If it was they probably wouldnt let us know ahead of them buying. :P
-
Truth...
-
Interesting facts:
Poloniex sell order total: 25,313,531 BTS
Balance of the account "poloniexwallet": 12,687,090 BTS
Difference: 12,626,441 BTS
https://bitshares.openledger.info/#/account/poloniexwallet
What the...
-
What could this mean?
-
Interesting facts:
Poloniex sell order total: 25,313,531 BTS
Balance of the account "poloniexwallet": 12,687,090 BTS
Difference: 12,626,441 BTS
https://bitshares.openledger.info/#/account/poloniexwallet
What the...
what is this ELI5
is it good or bad
-
Interesting facts:
Poloniex sell order total: 25,313,531 BTS
Balance of the account "poloniexwallet": 12,687,090 BTS
Difference: 12,626,441 BTS
https://bitshares.openledger.info/#/account/poloniexwallet
What the...
It's OK...a person can trade his total balance multiple times par day. add to that the margin trading and it is about normal... actually even 3.5 bigger than their total balance would be on days like the last several.
[edit]
ohh you mean the order book alone? They probably have several accounts....but definitely more suspicious.
-
Interesting facts:
Poloniex sell order total: 25,313,531 BTS
Balance of the account "poloniexwallet": 12,687,090 BTS
Difference: 12,626,441 BTS
https://bitshares.openledger.info/#/account/poloniexwallet
What the...
It's OK...a person can trade his total balance multiple times par day. add to that the margin trading and it is about normal... actually even 3.5 bigger than their total balance would be on days like the last several.
[edit]
ohh you mean the order book alone? They probably have several accounts....but definitely more suspicious.
Nice this means when price rises the margin calls will cascade and cause price to explode.. Big whales can use this to their advantage.. If people were super bullish could the sell side be less than the wallet size ever?
-
Interesting facts:
Poloniex sell order total: 25,313,531 BTS
Balance of the account "poloniexwallet": 12,687,090 BTS
Difference: 12,626,441 BTS
https://bitshares.openledger.info/#/account/poloniexwallet
What the...
It's OK...a person can trade his total balance multiple times par day. add to that the margin trading and it is about normal... actually even 3.5 bigger than their total balance would be on days like the last several.
[edit]
ohh you mean the order book alone? They probably have several accounts....but definitely more suspicious.
Polo has most definitely more than 12.5m bts on exchange. That's not very much at all. Wouldn't an exchange need multiple wallets for security anyways? I seriously doubt anything noteworthy is going on there.
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I requested Polo to tell me their cold storage account name. There's no reason to hide their account names. I hope this is just a rumor... but who knows?
-
Poloniex has way more than 12M on the exchange.
Give them some time to sort 2.0 out.
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The migration to 2.0 is now complete across all boards.
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Huh? Price is dropping? Is the market mechanics not working?
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Huh? Price is dropping? Is the market mechanics not working?
I don't think so..
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Huh? Price is dropping? Is the market mechanics not working?
people still need to claim their funds and start making the markets ... also people are dumping at bter (who seem to not honor the upgrade) and other people are doing arbitrage ..
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Huh? Price is dropping? Is the market mechanics not working?
people still need to claim their funds and start making the markets ... also people are dumping at bter (who seem to not honor the upgrade) and other people are doing arbitrage ..
Whats do you mean claim funds and making market?
So sorry for stupid questions. I'm a crypto noob
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new upwave confirmed:
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-14%2006.00.41.png)
wedge looks to resolve itself sometime next week.
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new upwave confirmed:
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-14%2006.00.41.png)
wedge looks to resolve itself sometime next week.
Do you guys think we are in risk of approaching new ATL?
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I never knew there were so many prophets and seers ;D
-
Time to buy back in I think, with whatever you sold in expectation of the release dump.
-
buy back? Probably you mean increase our position and buy more! We do not sell BTS here. We only BUY!! :)
-
After further analysis this is what is going to happen:
https://www.youtube.com/watch?v=GZVx7RDNiAw&feature=youtu.be
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The price is going up again?
-
The price is going up again?
350k coins reduced today via fees burned..
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The price is going up again?
350k coins reduced today via fees burned..
Where can we see this info.
-
The price is going up again?
350k coins reduced today via fees burned..
Is this good or bad? ....doesnt that mean fees are kind of high?
-
The price is going up again?
350k coins reduced today via fees burned..
Is this good or bad? ....doesnt that mean fees are kind of high?
Burning bts to make a profit for holders is the entire purpose of BTS. The more BTS burned the better, it reduces sell pressure.
-
Yep, there comes the buying.
-
The price is going up again?
350k coins reduced today via fees burned..
Is this good or bad? ....doesnt that mean fees are kind of high?
Burning bts to make a profit for holders is the entire purpose of BTS. The more BTS burned the better, it reduces sell pressure.
It is a revenue model along with bts being underwriter / collateral for loans which also puts deflationary presssure on bts
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
Only issue I can see is the UI is not very simple for a noob user like myself. I'm talking coinbase quality. Ease of use for people who are just getting into crypto. The website looks very primitive. Although very clean.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
Only issue I can see is the UI is not very simple for a noob user like myself. I'm talking coinbase quality. Ease of use for people who are just getting into crypto. The website looks very primitive. Although very clean.
You are correct. Roach has made a good post about UI.
https://bitsharestalk.org/index.php/topic,19010.0.html
Bitshares back end is better than NXT and Crypti, but their front end UIs look at least 40,000% better. That's the bad news. The good news is, fixing the UI isn't very hard.
Hopefully we can get that sorted in the next few weeks.
-
Yes. There is a strong development team here so I have faith.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
Yes the goal is to become profitable now, which will make BTS valuable.
Dont trade tiny amounts at a time.
If you trade a significant amount, then the 10 cent fee you pay BTS will be way way less than the .2% fee you pay an exchange to make an order.
Also, if you buy a membership then the fee is reduced by 80%.
-
I'm particularly excited about BTS's short term Chinese potential.
BTS used to be very popular in China. Chinese groups effectively self organised to promote BitShares (without being paid). Some of their articles were getting up to 100 000 views. But dilution, changes and technical problems saw BTS's Chinese popularity drastically decline.
However initial Chinese feedback to 2.0 is positive. BTS is currently operating at a profit. There is a lucrative referral programme to incentivise BitShares promotion.
Currently looking good for BTS to rapidly regain Chinese popularity.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
In theory great. In reality, this is a dissaster. Nobody outside of the core here will pay $80 or whatever for a lifetime membership and high fees otherwise. Perception perception perception. If the float wasn't 3 billion but 3 million, you could get away with charging 10cents or more per transaction because the fee would be .00whateverBTS.
I predict a hard fork removing the referral program within 6 months.
By the way, check out BTS 2.0 market cap. It's under dash post release. I guess not everyone got the memo. Or perhaps these changes aren't as revolutionary as once predicted.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
In theory great. In reality, this is a dissaster. Nobody outside of the core here will pay $80 or whatever for a lifetime membership and high fees otherwise. Perception perception perception. If the float wasn't 3 billion but 3 million, you could get away with charging 10cents or more per transaction because the fee would be .00whateverBTS.
I predict a hard fork removing the referral program within 6 months.
By the way, check out BTS 2.0 market cap. It's under dash post release. I guess not everyone got the memo. Or perhaps these changes aren't as revolutionary as once predicted.
change takes time
-
Also, if you buy a membership then the fee is reduced by 80%.
Correction, you get 80% of the fee back, vested. The fee remains the same.
-
why are the fees 21bts?
any reason for that? didnt it use to be less than 1bts?
is the burning thing a new feature? so over time how can that work out if bts are being reduced?
I am really wondering right now
https://bitshares.org/technology/referral-rewards-program/
In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.
It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.
In theory great. In reality, this is a dissaster. Nobody outside of the core here will pay $80 or whatever for a lifetime membership and high fees otherwise. Perception perception perception. If the float wasn't 3 billion but 3 million, you could get away with charging 10cents or more per transaction because the fee would be .00whateverBTS.
I predict a hard fork removing the referral program within 6 months.
By the way, check out BTS 2.0 market cap. It's under dash post release. I guess not everyone got the memo. Or perhaps these changes aren't as revolutionary as once predicted.
I thought BTS would be doing better, but it's not uncommon to see buy the rumour sell the news.
2.0 will also need a few weeks of sorting out a few kinks. We've also had Stan in usual style announce Venture network/Banx that look like they both might end up being a big BTS negative. If a few more of the Summer announcements are duds in the short term that will have to be priced in.
However the referral programme is a big positive imo. Though it will take a little while to produce results and contrary to it being removed I hereby predict it will be emulated by at least 2 other crypto's in the 6 months.
Word of mouth creates very slow initial adoption generally, so yes you can charge $0.01, earn no income but not put any customers off.
Or you can charge $0.1, which is still competitive, incentivise results based marketing (Big difference to marketing 'delegates') and attract MANY more potential users. Even if a small percentage of them are put off by the fee, it's still a no brainer that the referral programme would be the superior system imo.
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so will we go back to $11M short term? getting dumped on
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Well, its really oversold now and there are a lot of BTS sold short. There are millions less BTS available in lending now than there were yesterday, which usually means that there are more short positions taken already.
Also it really feels like someone is trying hard to make the bts and eth prices the same, except for off by two 0s. BTS fell right after ETH did and both are sitting at a price with a 20X.
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We cant forget that now people can finally dump their shares with the new client so we will be hit by this dump of all unhappy holders. Assuming they had their balances "locked" on the old client
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We cant forget that now people can finally dump their shares with the new client so we will be hit by this dump of all unhappy holders. Assuming they had their balances "locked" on the old client
Actually I think its a lot harder for most people to send shares to exchange and dump now.
Previously people had things set up already, so they could easily tranfer to an exchange and sell, but now they have to go through the upgrade process to do it. They were only locked out for about a day, thats not enough time to build up a lingering desire to dump a bunch.
What we are seeing is just some traders who dont care about BTS but were hoping for a pump when it released selling out of disappointment because they didnt actually want BTS in the first place.
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This is probably the time just like 1900s a week ago when the next day, everyone wished they had bought it at the low and the sellers felt dumb.
But of course there are never guarantees.
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This could be a bear trap followed by a return to the wedge formation. Otherwise if the medium-term downtrend resumes in the next 24 hours, we could see deeper lows well into the 1700s very quickly.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-14%2014.36.01.png)
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is bts really worth less than dash? truth is nobody has been using the new market functionality.
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is bts really worth less than dash? truth is nobody has been using the new market functionality.
I have to admit it's really slick and fast. I would just give it a little time.
It is a bit weird though being able to see how many BTS some people have from their forum names/ID they gave for brownies.
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Apparently a bunch of them are dumping to buy some crap called digibyte.
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It is a bit weird though being able to see how many BTS some people have from their forum names/ID they gave for brownies.
:)
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This could be a bear trap followed by a return to the wedge formation. Otherwise if the medium-term downtrend resumes in the next 24 hours, we could see deeper lows well into the 1700s very quickly.
I can't believe any of you guys are looking at charts right now. The price or 'trends' you see are wholly irrelevant because of the upheaval of this upgrade and people having to move their BTS. THe one thing experienced technical traders have told me is to STAY OUT of the market whenever there's big news...unless you are damn sure of the reaction. Frankly, I'm not even looking at prices right now; I couldn't care less if BTS goes up or down. The price isn't real until things settle.
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Really would like to see 1 USD for BTS if not higher than that!
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This could be a bear trap followed by a return to the wedge formation. Otherwise if the medium-term downtrend resumes in the next 24 hours, we could see deeper lows well into the 1700s very quickly.
I can't believe any of you guys are looking at charts right now. The price or 'trends' you see are wholly irrelevant because of the upheaval of this upgrade and people having to move their BTS. THe one thing experienced technical traders have told me is to STAY OUT of the market whenever there's big news...unless you are damn sure of the reaction. Frankly, I'm not even looking at prices right now; I couldn't care less if BTS goes up or down. The price isn't real until things settle.
That's all fine. But regardless of the transitions muddling the technical picture, there are still definable price trends, and within the framework of those trends it's still possible to make a reasoned analysis about the future price of bts.
The topic of this thread is, after all, "Bitshares price discussion".
Update: The price of BTS dropped from around 2050 to below 1700 satoshis a few minutes ago. I called it here hours ago:
https://bitsharestalk.org/index.php/topic,16894.msg244949.html#msg244949
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-14%2016.32.50.png)
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This could be a bear trap followed by a return to the wedge formation. Otherwise if the medium-term downtrend resumes in the next 24 hours, we could see deeper lows well into the 1700s very quickly.
I can't believe any of you guys are looking at charts right now. The price or 'trends' you see are wholly irrelevant because of the upheaval of this upgrade and people having to move their BTS. THe one thing experienced technical traders have told me is to STAY OUT of the market whenever there's big news...unless you are damn sure of the reaction. Frankly, I'm not even looking at prices right now; I couldn't care less if BTS goes up or down. The price isn't real until things settle.
what are brownies
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Really would like to see 1 USD for BTS if not higher than that!
How about we think about that when its not going down. Or at least once it reaches 1 cent.
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Whatever...
We need to make BTS profitable.
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this is crazy！
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That dump! Some will see loss, others will see opportunity . Although I'm only focused on getting a stable client now, I think it's ridiculous how prices can be this easily manipulated. It only shows any coin can be a target of this. Guess we will have to wait a few more years until it's not so common to see this.
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Polo margin ruined everything it seems. :P
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Polo margin ruined everything it seems. :P
They don't tell their cold wallet account yet. Polo is shorting bts?
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Bear is back. We could see some wild swings between 1950 and 1700 in the coming hours as the bulls try to make a comeback. I think it will be a while before we get back to +2000 satoshis.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-14%2016.32.50.png)
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Polo margin ruined everything it seems. :P
They don't tell their cold wallet account yet. Polo is shorting bts?
No, I just mean that polo allowing people to margin it caused various people to go margin long and pump bts, and then it crashed when they all got liquidated. Its causing enormous spikes and ruining everything. :P
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There is blood on the streets...
When the dust settles we will see who's it was.
PS
Mine is a likely candidate, but so is the bears' .
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Mine is a likely candidate, but so is the bears' .
Mine too :)
Anyway, We are now in Shanghai and gonna have a nice day of bitcoin 2.0 conference .. :D
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Mine is a likely candidate, but so is the bears' .
Mine too :)
Anyway, We are now in Shanghai and gonna have a nice day of bitcoin 2.0 conference .. :D
ere we go boys, is there any live stream?
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There is blood on the streets...
When the dust settles we will see who's it was.
PS
Mine is a likely candidate, but so is the bears' .
No this was bulls blood for sure.
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There is blood on the streets...
When the dust settles we will see who's it was.
Like most people, I don't like to admit when I'm bleeding. :)
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There is blood on the streets...
When the dust settles we will see who's it was.
Like most people, I don't like to admit when I'm bleeding. :)
Well, the value of my bitshares reduced by thousands of dollars in about 10 minutes.
Same with many of us I guess.
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There is blood on the streets...
When the dust settles we will see who's it was.
PS
Mine is a likely candidate, but so is the bears' .
No this was bulls blood for sure.
'was' at the start of the ride/fight?
But yes, my take on short term friends, short term bulls is odd. I like them far less than an honest bear, and respect them far less than that.
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There is blood on the streets...
When the dust settles we will see who's it was.
PS
Mine is a likely candidate, but so is the bears' .
No this was bulls blood for sure.
Sorry homie. I feel your pain.
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... and ruining everything. :P
:P
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for btc38
(https://s3-us-west-2.amazonaws.com/aaaaa-self-use/Screen+Shot+2015-10-15+at+9.58.07+AM.png)
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for btc38
(https://s3-us-west-2.amazonaws.com/aaaaa-self-use/Screen+Shot+2015-10-15+at+9.58.07+AM.png)
Well gee if you put it that way...
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(http://i.imgur.com/x6qJt1w.jpg)
so m00n!
-
Gotta be a pattern there somewhere.
(http://vignette4.wikia.nocookie.net/wingsoffire/images/f/fb/Static_TV.jpg/revision/latest?cb=20141229213625)
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Ander was right...
only beef blood so far. >:(
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Unexpected discount at Poloniex :)
I've bought a lot more at 1700, thanks to margin traders.
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It's dropping like a rock!
Username spam is breaking bitshares.
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It's dropping like a rock!
Username spam is breaking bitshares.
I dont see the connection between price drop and account spam. There is no issue/defect on the network due to account registrations.
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Remember we are trying to grow the pie of our investors, not just fight over the same crypto people that every other coin is.
Attracting a whole new demographic is not going to happen 2 days after launch.
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Remember we are trying to grow the pie of our investors, not just fight over the same crypto people that every other coin is.
Attracting a whole new demographic is not going to happen 2 days after launch.
Voila.
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Gotta be a pattern there somewhere.
(http://vignette4.wikia.nocookie.net/wingsoffire/images/f/fb/Static_TV.jpg/revision/latest?cb=20141229213625)
[/quote
:D :D :D :D :D+5%]
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BTS in Polo is way undervalued and manipulated I think. So what are you waiting for? Just go long on BTS on Polo (either in margin trade with bts collateral, either just buy bts with btc and hold) and let's bring BTS where it has to be and let's margin call those short bts positions in Polo instead of margin call our short positions of bitassets in the DEX..
Seriously now. If long term supporters of BTS do not support the price now then when??
These price fluctuations especially this constant dumping for over a year now is not bringing any new users neither increase confidence. We just launched successfully bts 2. What else has to happen for bts to rise?
Am I missing something obvious here?
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Asking to go margin long is a poor suggestion, as they would be at the mercy of the big manipulators and get wiped out. It will go up eventually as those very same manipulators will see less profits in shorting and try the other direction.
The time to rally to wreck shots is past. It should've been done when cagara was on the verge of liquidation. The blowback would've propelled BTS to 3500 sats and the entire story would've been different. Instead he brought in more BTC, managed to hold on the market collapsed changing all the trends.
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right...
so let's all sell and dump as well until we go to $1 mil market cap..Then definitely many new people will invest in bts. Especially the serious investors with serious money i am pretty sure they will be more than happy to own a such volatile asset that got so seriously dumped and it keeps get dumped..
There is a point in every investment that if a line is crossed there is no come back no matter what..It would be a shame bts to become worthless because no one is supporting the price. If we don't do it now that we have a successful launch, the DAC appears to finally be profitable then when??
Anyway...Let's see how this plays out..
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There seems to be an enormous amount of bts on Polo either short or just for sale at ever lower prices. At this pace the shorts can just keep running the stops and keep covering at little risk. Where is the demand for bts as collateral?
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Hack polo, join openledger, profit :P
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(http://i.imgur.com/VwTcdpF.gif)
This is it guys phase 2 PEEERFFFTTTTTTTTT
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Why's our price tanking?
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So lemme get this straight: The exchanges that haven't transferred to 2.0 yet, those are effectively worthless, so people are selling those for cheap, in order to buy the ones on polo but there are people arbitraging the ones on polo to buy even more worthless ones, thus bringing the price down in a brutal feedback loop? I'm confused because polo lets us withdraw them so shouldn't that mean all the ones on polo should be getting bought, bringing the price up on polo and lower on the other exchanges?
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Why's our price tanking?
Because this thread exploded with Newb's who thought they were going to get rich within a week. Market's part fools and their money.
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Well fk man I came from having to sell ether cus that shit is tanking so hard (long term ether believer I will buy back at the bottom but we probably haven't reached it. I'm not one of those people who look for the newest project and get out just because I haven't gotten rich in a week but I've taken -80% loss since I decided to hold what I bought at the ipo and bought more at .004) and saw people are hyping this bts shit and it seems legit so don't blame us for trying to find the most innovative crap and trying to support it. I'm all about doing research on projects and trying to understand them but I'm not very technical and what I'm finding is that I could have done better just following those scammers who just pump n dump worhtless shit so sorry for bein angry.
Crypto is a very frustrating environment for noobs who've just been getting wiped out when we try to pick out the most innovative crap and the pump n dumpers and manipulative shorters are killing us. No noob money means no new money.
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Well fk man I came from having to sell ether cus that shit is tanking so hard (long term ether believer I will buy back at the bottom but we probably haven't reached it. I'm not one of those people who look for the newest project and get out just because I haven't gotten rich in a week but I've taken -80% loss since I decided to hold what I bought at the ipo and bought more at .004) and saw people are hyping this bts shit and it seems legit so don't blame us for trying to find the most innovative crap and trying to support it. I'm all about doing research on projects and trying to understand them but I'm not very technical and what I'm finding is that I could have done better just following those scammers who just pump n dump worhtless shit so sorry for bein angry.
Crypto is a very frustrating environment for noobs who've just been getting wiped out when we try to pick out the most innovative crap and the pump n dumpers and manipulative shorters are killing us. No noob money means no new money.
Crypto isn't the only frustrating environment for newbs... just try the stock market. Jumping from hyped company to hyped company will net you the same result as jumping from hyped coin to hyped coin.
Here's another saying "Those that buy newspaper headlines today, sell newspaper tomorrow"
And if you think you can do better following scammers, then do it instead of complaining here.
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There is a point in every investment that if a line is crossed there is no come back no matter what..
Speaking of that, what is that point for all of you?
Secretly I want to own all teh BitShares!!!
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There is a point in every investment that if a line is crossed there is no come back no matter what..
Speaking of that, what is that point for all of you?
Secretly I want to own all teh BitShares!!!
I'm here for the cause man. If I get rich along the way then all the better, but if bts went to 0 I would be way more bummed for the future of humanity than I would be for any money I lost.
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Crypto isn't the only frustrating environment for newbs... just try the stock market. Jumping from hyped company to hyped company will net you the same result as jumping from hyped coin to hyped coin.
Here's another saying "Those that buy newspaper headlines today, sell newspaper tomorrow"
And if you think you can do better following scammers, then do it instead of complaining here.
I don't want to follow the scammers but this is making me pretty cynical. I'm sticking in till I go broke but its pretty ridiculous that every crypto across the board lost value in the past 2 years. If crypto fails it just means human nature slaughtered a good thing once again.
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... and saw people are hyping this bts shit and it seems legit so don't blame us for trying to find the most innovative crap and trying to support it. I'm all about doing research[/b] on projects and trying to understand them but I'm not very technical and what I'm finding is that I could have done better just following those scammers who just pump n dump worhtless shit so sorry for bein angry.
Crypto is a very frustrating environment for noobs who've just been getting wiped out when we try to pick out the most innovative crap and the pump n dumpers and manipulative shorters are killing us. No noob money means no new money.
Oh man, I just had a flashback to 2013 ... when Dunning-Kruger was managing everyone's money with cognitive dissonance. ;)
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How did you guys cope when bts went from a 40 to 15 mill market cap in the first 4 months?
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How did you guys cope when bts went from a 40 to 15 mill market cap in the first 4 months?
Keeping your mind on the ultimate goal helps.
-
When I buy, I buy to HODL because:
I'm here for the cause man. If I get rich along the way then all the better, but if bts went to 0 I would be way more bummed for the future of humanity than I would be for any money I lost.
If I buy to hodl then I can't go wrong at these prices - if BitShares succeeds it's an obvious win; if it fails the price is pretty much irrelevant anyway!
Also:Remember we are trying to grow the pie of our investors, not just fight over the same crypto people that every other coin is.
Attracting a whole new demographic is not going to happen 2 days after launch.
-
How did you guys cope when bts went from a 40 to 15 mill market cap in the first 4 months?
At first I didn't really cope, especially since I was on margin all along. Then I accepted that since I was in for the long run because I think this project has real and not only speculative value, and so price is completely irrelevant if you hold, and that the underlying "real" value doesn't change because some trader dumped. The value of the market is not the real value. Since in crypto now it's 95% of speculation, the price goes crazy with almost no correlation with the changes in real value.
As Hadrian said, in the long run your BTS are worth either 0 or much, and the entry price is basically irrelevant. If you believe in BTS and are not a trader, buy what you can afford when you think the time is right, never sell and don't go margin.
With this philosophy, when the price goes down 50%, you haven't actually lost anything: it's still worth either 0 or much.
-
BitShares Market Cap Perspectives ...
https://bitsharestalk.org/index.php/topic,19151.msg246055.html#msg246055 (https://bitsharestalk.org/index.php/topic,19151.msg246055.html#msg246055)
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The angle of the medium term downtrend (green lines) has been reconfirmed by the two new lows. I think it's likely future lows will track down that blue line for a while. When prices drop *below* the blue line, they will fall fast before we see a strong reversal. I have no clue what the low will be, but I do expect a quick spike up on emotion right after the lowest low is hit.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-16%2014.05.31.png)
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OMG.
-
why has poloniex stop the deposit to them?
How the fu$#$ck will the traders that have margin long position's support their order's?
-
bts1.0 is now officially "not BTS". Coinmarketcap should remove them from BTS markets as they're not trading BTS anymore. They're trading an old token from another blockchain.
That's the same as creating some random coin with huge supply and place a market called Bitcoin where you would dump all of your coins and people would just think they're trading BTC while they're not.
-
BITTREX has disabeled trading there seems to be some issue with BITTREX NOT POLONIEX!!! Everyone should trade on an exchange with volume not BITTREX!
why has poloniex stop the deposit to them?
How the fu$#$ck will the traders that have margin long position's support their order's?
-
Bad timing, at the moment everybody is dumping its ALT to buy the venerable unusable (7tx/s) BTC :)
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I'm out. This is a huge disappointment
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I'm out. This is a huge disappointment
You've been in for 5 minutes....if you sell, you sell...but check back in on this thread in 30 days and let's talk.
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I'm out. This is a huge disappointment
You've been in for 5 minutes....if you sell, you sell...but check back in on this thread in 30 days and let's talk.
We should make a FUDder/troll list :)
-
I'm out. This is a huge disappointment
THE KING IS DEAD!!! :o
-
I am still buying at poloniex. Enjoying price at around 1400. I will get it double next months
-
This has been one of the best early Christmas presents ever. I would have never imagined I'd get 2.0 at half price!
Thanks Santa or Satan or BearWhale ... whoever made it happen!
[/theotherside]
-
(http://blog.escapetothesoutheast.com/wp-content/uploads/2014/08/polar_bear_with_santa_cla_4b0aaed9f03e5_p.jpg)
-
(http://blog.escapetothesoutheast.com/wp-content/uploads/2014/08/polar_bear_with_santa_cla_4b0aaed9f03e5_p.jpg)
I knew it!
-
Day 1 ...
Interesting. Thanks. Im kind of a noob but im glad I stumbled upon this coin. Something feels right. I hope tomorrow goes smooth and I will invest more. I hope to see this at 2 cents USD at least. or 8k satoshi as many say.
Day 5 ...
I'm out. This is a huge disappointment
(http://www.reactiongifs.com/wp-content/uploads/2013/09/huh.gif)
-
I didn't even get a chance to give kingjohal a hug :-(
HUGS 2.0
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I didn't even get a chance to give kingjohal a hug :-(
Perhaps you've identified a problem. We need to hug new users within 5 days!
Shower new users with UIA's upon introduction, give them a reason to want to stick around outside of "price".
Make them feel welcome and desire interaction with the Community, instead of only interaction with hopes of future profits in fiat/BTC.
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^^if new users visit the Newbies section of the forum, fav has been hooking them up with 10 BTS and NEWBIE assets for a while now.
-
"the general sat and the lines on the map moved from side to side..." -- p. floyd
https://youtu.be/nDbeqj-1XOo
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-17%2014.57.13.png)
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-17%2016.15.48.png)
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I'm out. This is a huge disappointment
http://i.imgur.com/3aG6Pel.gif[/img]](http://i.imgur.com/3aG6Pel.gif) (http://[img)
Good luck, and maybe we will see you again... #19?
-
^
Well,
(http://i.imgur.com/Aq5RXoG.gif)
:) ;) :)
-
^
Well,
(http://i.imgur.com/Aq5RXoG.gif)
:) ;) :)
Your price fudding worked! What price did you buy back in again?
-
^
Well,
:) ;) :)
Your price fudding worked! What price did you buy back in again?
It would be funny if he is on margin and get wiped out by the thin order book.
There is a real chance that the network can get screwed permanently if there is a cascade of margin calls and price falls to close to 0 which is very possible. That is if I understand bitassets correctly which I may not considering no one else seems to be worried.
-
^
Well,
(http://i.imgur.com/Aq5RXoG.gif)
:) ;) :)
so and true and funny +5% +5%
-
How-To : Be a “Savvy bitUSD Holder” by bytemaster ...
https://bitsharestalk.org/index.php/topic,19271.msg247446.html
-
at the crossroads...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-19%2015.13.17.png)
-
I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
-
I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
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I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
Well but that's the thing. There's not many places where people can spend bts/smartcoins right now.
The way I see it, what we need is a MASSIVE campaign, a push by as many enthusiasts as we can get to get online stores to accept bts/smartcoins.
You can help too! If you're self employed, offer to be paid in BitEUR (or whatever) and give the client a 10-15% discount. That'll make them think!
-
Before that you need something that follows the peg and is stable. If you do that you Will eventually have liquidity providers and volume Will increase. Atm our bitassets are not of much use
-
I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
Well but that's the thing. There's not many places where people can spend bts/smartcoins right now.
The way I see it, what we need is a MASSIVE campaign, a push by as many enthusiasts as we can get to get online stores to accept bts/smartcoins.
You can help too! If you're self employed, offer to be paid in BitEUR (or whatever) and give the client a 10-15% discount. That'll make them think!
That's what I have In mind but the other way round. I want to use bitEUR for recurring payments I do to 3rd parties of which at least 2 would maybe interested in the concept and have enough geek background to maybe really consider it.
But first I need a place to redirect them to which explains everything in an easy manner and 2nd thing will be an easy to use offramp because they will only consider using it If they can easily exit to EUR anytime. And of course it has to be at least slightly cheaper for all involved parties than using Paypal for instance. Liquidity will be crucial also... Are we already there?
-
I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
Well but that's the thing. There's not many places where people can spend bts/smartcoins right now.
The way I see it, what we need is a MASSIVE campaign, a push by as many enthusiasts as we can get to get online stores to accept bts/smartcoins.
You can help too! If you're self employed, offer to be paid in BitEUR (or whatever) and give the client a 10-15% discount. That'll make them think!
I was thinking today that Bitshares already has a browing use and market. ie People when they convert BTS to USD, GOLD etc are buying something with Bitshares. So that IS the market, the market for digital assets basically.
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I'm still new. But is it possible those who have not inserted their BTS wallet into the new 2.0 wallet affected the price? I haven't done so yet since I simply forgot. But I'm still holding onto my BTS
Yes of course it would. When these users start using their bts2 and generate tx fees in the network, bts2 will earn revenue and profit. How can it not increase in value and price?
Well but that's the thing. There's not many places where people can spend bts/smartcoins right now.
The way I see it, what we need is a MASSIVE campaign, a push by as many enthusiasts as we can get to get online stores to accept bts/smartcoins.
You can help too! If you're self employed, offer to be paid in BitEUR (or whatever) and give the client a 10-15% discount. That'll make them think!
I was thinking today that Bitshares already has a browing use and market. ie People when they convert BTS to USD, GOLD etc are buying something with Bitshares. So that IS the market, the market for digital assets basically.
Absolutely. Here's a really good current example:
It looks like the VW emissions scandal is going to slow diesel vehicle sales in the US and Europe, at least in the short term. Diesel autocatalysts are primarily made with Platinum. Gasoline powered vehicles, however, have catalytic converters that primarily use Palladium.
Palladium is up from $610/oz to $694/oz in the last 30 days. If I want exposure to Palladium, I have to either buy physical bullion- which is not easy, given it is a scarce precious metal - or I have to buy into an ETF, that charges fees to administer the fund and store the physical bullion in a vault.
I would much rather be able to pay a tiny transaction fee on the graphene powered, BitShares DEX and get exposure to Palladium with a few clicks.
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my markup of the trend waves...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-20%2013.26.08.png)
If the downtrend resumes, I'm thinking the next low could be somewhere along that lower pink line indicating the path of the recent downturn. I'm hoping another rally moves the price back between the green uptrend lines and preferably above the pink line.
Here's the longview:
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-20%2014.02.19.png)
BTW - This Dark Side of the Moon instrumental version is pure goodness: https://www.youtube.com/watch?v=1vw1pdjydp0
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Do I hear 1200? 1200, going once, going twice... What? 1000! 1000, going once,... 800?! Oh my!
Price is irrelevant. There are still plenty of weak hands that gave it a final go and are now very bitter. It's OK. It's just how it works.
I don't think Stan's or Dan's comments/articles full of hype/hope will have any effect anymore. I admire the optimism, but no.
BTS hype is over, I believe that now the only thing that can take it higher is real utility and that will take some time to truly develop.
For that reason, I'm mostly out. Enjoy the ebbs and flows. I'll be waiting way, way, waaaay lower to get in. I could care less if it quadruples from here short term. I don't think it will be a sustainable jump even if there is one.
Good luck everybody! :)
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Going out on a limb here...
Buy right now and put a stop at 9.6 mill market cap, put a sell at 21 million. That's around 10:1 RR. I think polo margin traders are way offsides on the short side which is going to lead to a big squeeze. I think we hit 20 mil by second week of November.
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next stop ~1350 satoshi
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-21%2013.06.48.png)
you reached for the secret too soon
you cried for the moon...
https://www.youtube.com/watch?v=Fk0V_GGa2XM
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next stop ~1350 satoshi
I'm not so sure there will be a stop that early. After just getting ripped a new one by someone I talked into buying into BitShares a while back I think we're going much lower "soonish".
So you can look at what's coming as a buying opportunity or you can act accordingly now and give someone else a buying opportunity. ;)
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Holy cow BTS loans at nearly 2%. There must be some massive shorts out there. Looking forward to them covering. ;D
(http://i.imgur.com/VQEnNjU.png)
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Massive amount of shorting going on right now.
They'll have to cover later.
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Massive amount of shorting going on right now.
They'll have to cover later.
Before that happens there is a real chance that the buy support may collapse totally due to forced liquidations. I wonder what the effect on the internal market will be, it may severely cripple it.
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Massive amount of shorting going on right now.
They'll have to cover later.
Before that happens there is a real chance that the buy support may collapse totally due to forced liquidations. I wonder what the effect on the internal market will be, it may severely cripple it.
would nice to support the buy orders on poloniex and update the collateral ratio up to x4 internal...
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so... what's more likely? double from here or half?
Choose:
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(http://i.imgur.com/LIUaayJ.jpg)
Choose a corridor, but choose wisely!
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(http://i.imgur.com/TytFsfw.jpg) (http://i.imgur.com/0IfxvRD.jpg)
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yep ;)
(http://i.imgur.com/TytFsfw.jpg) (http://i.imgur.com/0IfxvRD.jpg)
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inflection point?
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-22%2004.31.58.png)
Poloniex has over 500 btc worth of bts in the sell column and 120 bts in the buy column
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-22%2004.54.28.png)
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inflection point?
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-22%2004.31.58.png)
Poloniex has over 500 btc worth of bts in the sell column and 120 bts in the buy column
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-22%2004.54.28.png)
Soooo....which way we headed? I can't read this stuff hah.
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Soooo....which way we headed? I can't read this stuff hah.
looks like we're headed south from here.
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Soooo....which way we headed? I can't read this stuff hah.
looks like we're headed south from here.
Oh dear.
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
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yep
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yep
BTS was down to around 80 btc in the buy column. Then some whale put 200 btc on the bid side and the price spiked temporarily. :o
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It looks like 0.00001230 BTS per BTC was briefly touched on Poloniex. As far as I can tell, that's a new all-time low for trading on that exchange and currency pair. :'(
Wow.
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...
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My long trade was stopped out... remember when everyone was screaming "now is the time to buy BTS!" before the 2.0 launch...
(http://vegancinephile.files.wordpress.com/2012/04/titanic-3d-movie-sinking.jpg)
Here's to the last of the longs trying to escape the flood of shorts. "This ship can't sink!"-Joseph Ismay
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...
we should insist they show us their bts2.0 cold-wallet like poloniex did! ( when they "finish" their migration)
If they don't provide details you are probably right :(
i can not find other convincing explanations either.
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...
we should insist they show us their bts2.0 cold-wallet like poloniex did! ( when they "finish" their migration)
If they don't provide details you are probably right :(
i can not find other convincing explanations either.
I contacted BTC38 and they told me they found a bug (what?!) and security concerns in BTS 2.0. What a joke.
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...
we should insist they show us their bts2.0 cold-wallet like poloniex did! ( when they "finish" their migration)
If they don't provide details you are probably right :(
i can not find other convincing explanations either.
It made sense and I have been saying this for months, the mindless dumping without regards to price seemed like it was caused by someone just freeing up btc.. I believe its coordinated but I wonder who the suckers are. There are not many ppl complaining here about not being able to withdraw (to get their snapshot conversion) so im not sure what to think who the winners and losers are in this... but seems to trickle over to polo.. maybe their btc withdraws are enabled?
The bug thing I don't believe.. unless BM can say that they did tell them that, Id like to think the gig is up for them.
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Soooo....which way we headed? I can't read this stuff hah.
looks like we're headed south from here.
SO not buy now.
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Soooo....which way we headed? I can't read this stuff hah.
looks like we're headed south from here.
SO not buy now.
I have no idea what you should do. All I can say is that the downtrend is still alive, and anything can happen.
I think the sudden infusion of 200 btc to the buy side on poloniex prevented a cascade of margin calls and saved the price from potentially dropping into triple digits. I am not convinced we've seen the low.
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-22%2014.40.01.png)
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What's the status of BTC 38 and Yunbi? The lack of these two exchanges is contributing to the enormous short sqeeze from polonieux. Why are they taking so long to change to BTS 2.0?
Probably still running a scam... im guessing they are selling bts taking out btc and then selling bts 2.0...
we should insist they show us their bts2.0 cold-wallet like poloniex did! ( when they "finish" their migration)
If they don't provide details you are probably right :(
i can not find other convincing explanations either.
I contacted BTC38 and they told me they found a bug (what?!) and security concerns in BTS 2.0. What a joke.
It smells like they are dumping on poloniex....
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maybe btc38 is not solvent?
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(http://i.imgur.com/O8ZNfKC.jpg)
Yellow circle ~1250
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Whose wall is that @1230? Could it be a bts long? Or is it a fake wall that is going to get pulled at the worst moment? If it is the short we need to make sure it never gets there. When will the short covering begin? I thought the short positions in the precious metals market was bad.
Im not sure the last time i've seen a downtrend like this. Its astonishing.
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There can be squeeze on the way down too, if people bought big on margin, there will be selling pressure no matter what.
Just hope that 200 BTC is not on margin, because if it is and it gets eaten... there isn't enough BTC below for them to cover. (Very hypothetical scenario but still)
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What is the reason you guys still see the BTS:BTC market as an indicator for BTS sentiments .. You heard about the recent BTC ralley .. didn't you?
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:'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'(
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:'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'( :'(
>:(
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What is the reason you guys still see the BTS:BTC market as an indicator for BTS sentiments .. You heard about the recent BTC ralley .. didn't you?
I don't come into your magic show and slap the rabbit out of your hat while explaining how the trick works. :P
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wedgie going critical...
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-24%2008.29.07.png)
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Wedge up or wedge down. What's ur guess?
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Wedge up or wedge down. What's ur guess?
Historically based... down.... ::)
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Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
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Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
Bitcoin going up is critical for all alt coins right now. There are not enough bts gateways to decouple from btc. We need btc to bring more awareness to crypto and the only way that can be done is by increasing the market cap. If the market cap exceeds 500 in the next few months, I think that will be a huge boon to all coins.
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Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
Bitcoin going up is critical for all alt coins right now. There are not enough bts gateways to decouple from btc. We need btc to bring more awareness to crypto and the only way that can be done is by increasing the market cap. If the market cap exceeds 500 in the next few months, I think that will be a huge boon to all coins.
Or people get out of altcoins to join the BTC train......
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Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
Bitcoin going up is critical for all alt coins right now. There are not enough bts gateways to decouple from btc. We need btc to bring more awareness to crypto and the only way that can be done is by increasing the market cap. If the market cap exceeds 500 in the next few months, I think that will be a huge boon to all coins.
I agree. I think Bitcoin going up will ultimately be great.
I'm also looking forward to the BTC inflation halving next year, which I think some people are already pricing in. Personally I view the space as a whole, with BTC having an 90% share, so when their expenses halve it's actually a big saving for all of crypto to have less money % wise flowing into the space going to BTC miners.
In the short term however the relative stability combined with steady growth will draw alt-coin holders into BTC.
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Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
Bitcoin going up is critical for all alt coins right now. There are not enough bts gateways to decouple from btc. We need btc to bring more awareness to crypto and the only way that can be done is by increasing the market cap. If the market cap exceeds 500 in the next few months, I think that will be a huge boon to all coins.
Or people get out of altcoins to join the BTC train......
Most alt coin holders are steadfast supporters of their coin. Mostly because of the amount of time it takes to acquire a large stake without moving the price too much. Also they become emotionally attached and want to see "their" coin succeed. I highly doubt more than 20% of alt coin holders would sell.
Also u could have every alt dump and buy btc and it would hardly move the price since btc is a giant whale and the alts are the size of minnows.
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Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
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Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
What I would like to see is a break south, get the shorts all beared up, then a strong reversal back into the wedge. This would trap a ton of shorts and ignite a big squeeze higher...
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Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
What I would like to see is a break south, get the shorts all beared up, then a strong reversal back into the wedge. This would trap a ton of shorts and ignite a big squeeze higher...
Hmm...nah I think I'd rather just see it go up instead.
Heh.
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Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
What I would like to see is a break south, get the shorts all beared up, then a strong reversal back into the wedge. This would trap a ton of shorts and ignite a big squeeze higher...
That is so evil
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Wedge up or wedge down. What's ur guess?
If the price starts to hug the line between 1345 - 1360, then it will likely go north. But if it starts to track ~1300 - 1310, then south is more likely. At this moment we are in neutral territory, leaning north.
What I would like to see is a break south, get the shorts all beared up, then a strong reversal back into the wedge. This would trap a ton of shorts and ignite a big squeeze higher...
i'm a huge fan of a short squeeeez! the tighter the better.... they've been making a ton from the last month anyways ;p
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stochastic RSI looking good. If the price can stay above 1350 for another hour or two, we might see a nice run above 1400.
Update: not a very convincing rally so far. BTS volume at Poloniex is about 150 btc. Today it was the third most traded alt coin after Ethereum and Maid. Prices showing stability in the 1375 range
(https://dl.dropboxusercontent.com/u/38768040/misc/Screenshot%202015-10-24%2014.17.33.png)
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why so many bts sold at this price level? for what? Sell at a loss? why? why? why? why just at polo? no btc38?
:'(
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why so many bts sold at this price level? for what? Sell at a loss? why? why? why? why just at polo? no btc38?
:'(
Because on Polo people can short. Which is NOT selling at a loss, if they cover lower.
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why so many bts sold at this price level? for what? Sell at a loss? why? why? why? why just at polo? no btc38?
:'(
They think it will go lower so reduce loss.
I wanted to buy earlier but good I waited. I will wait for more.
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that's mean bts2.0 lower than bts1.0 value??? oh my god BTS2.0
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bitshares one step closer to the grave...
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bitshares one step closer to the grave...
bitcoin just died too .. I think it's its 25th death
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bitshares one step closer to the grave...
bitcoin just died too .. I think it's its 25th death
Hi, xeroc, I can ask "How many bts do you have?".
:P
don't mind, just joking
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All cryptos getting hammered, Bitcoin going up.. Come on Bitshares! - get some legs and buy me a house already..
speaking of leg, I reckon we need some Bitshares girls (NSFW), they can use the proceeds to charge their nanocard and go shopping.. win win
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bitshares one step closer to the grave...
bitcoin just died too .. I think it's its 25th death
http://www.isbitcoindead.com
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bitshares one step closer to the grave...
Allow me to translate this from Bear-speak to Bull-speak, "another buying opportunity is upon us!"
On another note, I have to tip my hat to whoever posted that chart (from this account) last week. Nice call!
Edit : This is boring. I've watched bitUSD sit at ~257/278 for days. Let's change that starting today! ;)
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All cryptos getting hammered, Bitcoin going up.. Come on Bitshares! - get some legs and buy me a house already..
speaking of leg, I reckon we need some Bitshares girls (NSFW), they can use the proceeds to charge their nanocard and go shopping.. win win
brilliant idea!!
Best use of marketting witnesses if you ask me.. the girls wont know how to use the dex or dont care.. they use their cards and we get the nerds.
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What's the all time low for Bitshares? We're at .00001253.... Are we going to reach that?
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What's the all time low for Bitshares?
afaik, you are here.
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8 mil
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What's the all time low for Bitshares?
afaik, you are here.
current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
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What's the all time low for Bitshares?
afaik, you are here.
current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
All I know is, the chart I'm looking at that was posted here last week has been dead on accurate so far. If that continues and the prediction is correct, we could see a bump upwards early tomorrow and begin the slow crawl back to 1450.
Sounds like a plan. ;)
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All I know is, the chart I'm looking at that was posted here last week has been dead on accurate so far. If that continues and the prediction is correct, we could see a bump upwards early tomorrow and begin the slow crawl back to 1450.
Sounds like a plan. ;)
(http://media.giphy.com/media/U1XhGr8CWqvVC/giphy.gif)
:P
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Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
While this does mean something, you must also understand that it is heavily manipulated by whales to get the price to move where they want.
Whenever a whale wants the price to rise into his sell he adds a 100 btc buy wall lower down to make the buy support look good, and when he wants to buy more he adds a 5M bts sell wall higher up and pulls away most of the buy orders to make this look terrible.
Usually when the disparity hits extremes, its at a top or bottom and then it reverses and goes the other way.
As soon as a whale gets an order filled that he wanted filled, he reverses his walls so that it looks the opposite of the way it did before. If you buy and sell only based on the buy support and amount available for sale, you are just asking to get manipulated by these whales.
Of course, I am not saying that the buy support amount is meaningless, it does mean something.
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Im not a trade expert by any means but I made a fair bit on the last bts run. I picked it up at 1400 last time when it started looking strange.
Its looking "fishy" like it did before the last time it started to spike up, creeping up buy side getting bigger etc..
Picked up some just incase ;)
Hoping for the best.
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What's the all time low for Bitshares?
afaik, you are here.
current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
Yeah, so right when things were looking hopeless it was the bottom wasnt it?
And whenever we are happy and excited its near the top...
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Yeah, so right when things were looking hopeless it was the bottom wasnt it?
And whenever we are happy and excited its near the top...
Things are about to change. Many signs in the m00n indicate the wolves are near. Take shelter my friends! :P
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looks like my BTS radar was right.
I got in just in the low 13's ALL in.. no guts no glory !
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looks like my BTS radar was right.
I got in just in the low 13's ALL in.. no guts no glory !
Well played :)
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Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
While this does mean something, you must also understand that it is heavily manipulated by whales to get the price to move where they want.
Whenever a whale wants the price to rise into his sell he adds a 100 btc buy wall lower down to make the buy support look good, and when he wants to buy more he adds a 5M bts sell wall higher up and pulls away most of the buy orders to make this look terrible.
Usually when the disparity hits extremes, its at a top or bottom and then it reverses and goes the other way.
As soon as a whale gets an order filled that he wanted filled, he reverses his walls so that it looks the opposite of the way it did before. If you buy and sell only based on the buy support and amount available for sale, you are just asking to get manipulated by these whales.
Of course, I am not saying that the buy support amount is meaningless, it does mean something.
You called it. BTS spiked around 1475 then crashed back down to earth. Low liquidity = easy manipulation.
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It doesn't help that nobody is trying to get btc38 online. This is a big reason for the downtrend.
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follow-my-vote 发送 1,000,000 BTS 发往 poloniexwallet 12 minutes ago
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follow-my-vote 发送 1,000,000 BTS 发往 poloniexwallet 12 minutes ago
follow-my-vote sent 1,000,000 BTS to poloniexwallet... worth about 13 btc at current prices.
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It doesn't help that nobody is trying to get btc38 online. This is a big reason for the downtrend.
I am more than willing to help. Show me a question they have asked that hasn't been answered.
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The question we need to ask is this: Do they really want to migrate to 2.0?
I have a feeling that the rumors that they sold/dumped a large amount of their customers BTS might be true! Migration to 2.0 would expose their fraud.
I have not seen a single question from them in the forum and I can guess that they didn't even try to communicate with the devs for help!
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Pretty sure they dont want to migrate.
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Pretty sure they dont want to migrate.
Problem is, what are their reasons? I can't help but think they just don't have all the funds they are supposed to. Guilty unless proven otherwise, that's how it is around crypto.
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Pretty sure they dont want to migrate.
Problem is, what are their reasons? I can't help but think they just don't have all the funds they are supposed to. Guilty unless proven otherwise, that's how it is around crypto.
It's shitty that a centralized exchanges shadiness is preventing people from adopting the answer to that shadiness.
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(http://chuantu.biz/t2/17/1446132381x1822610086.png)
whale is going to dump his bts..
after he sent his bts to polo,bts crash.
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Pretty sure they dont want to migrate.
Problem is, what are their reasons? I can't help but think they just don't have all the funds they are supposed to. Guilty unless proven otherwise, that's how it is around crypto.
It's shitty that a centralized exchanges shadiness is preventing people from adopting the answer to that shadiness.
We should have local bitshares system, similar to local bitcoins. Why use those centralized exchanges at all?
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We should have local bitshares system, similar to local bitcoins. Why use those centralized exchanges at all?
+5% I've been running one with my friends and co-workers since I bought into PTS.
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(http://chuantu.biz/t2/17/1446132381x1822610086.png)
whale is going to dump his bts..
after he sent his bts to polo,bts crash.
Well looking at this amount. There is not enough on the buy side to cash this out :) My point of view this only means the price is about to go up. Whales are whales for a reason they are there to make cash. BTW can some one tell me what site you can view this chart at ? Would be nice to see the deposits to polo.
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BTW can some one tell me what site you can view this chart at ? Would be nice to see the deposits to polo.
https://bitshares.openledger.info/#/account/poloniexwallet
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BTS 1 day MACD is turning green if we can hold in the 1300s.
The last time 1 day MACD turned green was Sept 4, and then we shot up the next day (with news of course). Buying this MACD buy signal around 1500 and selling when it turned to a MACD sell signal in the 2500s on Sept 29 wouldve been great.
A similar thing occurred in the MAY rally.
There was also a MACD daily buy signal in July but it failed.
Its possible that this MACD buy isgnal, if we hold here, will give us a nice rally, though f course its not a guarantee.
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BTS 1 day MACD is turning green if we can hold in the 1300s.
Or it repeats 10/13.
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BTS 1 day MACD is turning green if we can hold in the 1300s.
Or it repeats 10/13.
Meaning price drops?
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early Bitcoin adopter whales like fontas (http://trollboxarchive.com/search/username/Apophenia/) have BTC worth more than our entire marketcap. important to keep perspective.
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Meaning price drops?
Embrace 1250.
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Meaning price drops?
Embrace 1250.
With BTC at $1k I am okay with that.
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With BTC at $1k I am okay with that.
(http://i.imgur.com/SOmGmLe.gif)
... any day now. :P
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I think we are on the verge of a rally in BTS, in satoshi terms.
I'm not predicting a return to 300 or anything, but I think we need to at lesat retrace part of the drop and go up a few hundred sats.
On a bunch of different timeframes at once, BTS is ready to give both MACD and moving average buy signals.
The 1300 level is in the area of all time lows and generally any price in the 1600 or below range has been a safe buy long term. Especially anything under 1400.
BTC might need to take a breather for a few days, its been going up nonstop, so BTS might mostly stay flat in dollar terms while rising against BTC or something. But who knows.
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(http://chuantu.biz/t2/17/1446132381x1822610086.png)
whale is going to dump his bts..
after he sent his bts to polo,bts crash.
Well looking at this amount. There is not enough on the buy side to cash this out :) My point of view this only means the price is about to go up. Whales are whales for a reason they are there to make cash. BTW can some one tell me what site you can view this chart at ? Would be nice to see the deposits to polo.
But may be he didn't sell but he wanted others to sell? Since traders may attempt to front-run large deposits to poloniex.
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Finally correct again about something... :)
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I think we are on the verge of a rally in BTS, in satoshi terms.
I'm not predicting a return to 300 or anything, but I think we need to at lesat retrace part of the drop and go up a few hundred sats.
On a bunch of different timeframes at once, BTS is ready to give both MACD and moving average buy signals.
The 1300 level is in the area of all time lows and generally any price in the 1600 or below range has been a safe buy long term. Especially anything under 1400.
BTC might need to take a breather for a few days, its been going up nonstop, so BTS might mostly stay flat in dollar terms while rising against BTC or something. But who knows.
I think it is your turn to make a great call. And I think this is the time when you actually get it right. Time will tell, but that's what I think.
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BTC38 seems to be back online...
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BTC38 seems to be back online...
Oh snap.
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Lots of money coming into crypto right now.
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Finally correct again about something... :)
maybe maybe
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Finally correct again about something... :)
maybe maybe
Well it went up 100 sats in the 30 minutes after I posted.
Now btc started rallying again and all alts started dropping, so I sold back the bts at 1350-1400 that I bought near 1300. Gotta have some btc.
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(http://i.imgur.com/PrEpidl.jpg)
(http://i58.photobucket.com/albums/g246/sey115/tumblr_mui13mvefy1rkvl19o1_400_zps32c98e69.gif)
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Holding tight despite the BTC/CNY rise 8)
https://bitcoinwisdom.com/markets/huobi/btccny
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BTC should drop to around $295.
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(http://i.imgur.com/5G0Ok1k.jpg)
Sweet November
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Yup its in the air :) I do hope it to pick up more in a few days at these prices.
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(http://i.imgur.com/54eOg4u.jpg)
Slow but sure.
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This feels similar to how BTS sat between 1400-1500 for two straight weeks prior to the beginning of the last rise on the 2.0 announcement.
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This feels similar to how BTS sat between 1400-1500 for two straight weeks prior to the beginning of the last rise on the 2.0 announcement.
...or not ... (check on Polo :P )
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New low relative to Bitcoin?
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This feels similar to how BTS sat between 1400-1500 for two straight weeks prior to the beginning of the last rise on the 2.0 announcement.
...or not ... (check on Polo :P )
It looked the same it just broke down instead of up.
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Welp, this sucks. Hot damn.
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So I really hope it won't have the same pattern but heading down ...
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Unfortunately it appears BTS died..No one supports even at this price..It could have been great but it appears it is game over..We played and we lost..
Very disappointing.. :'(
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Welp, this sucks. Hot damn.
...And boom goes the dynamite...
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holy shit 1 k?
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Pretty sure everyone who was margin long bts on polo got liquidated there...
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Who said Bitshares is dead.
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
oh noo. Why did you do that. Its a low liquidity environment. Prices are extremely volatile and are manipulated easily. Are community members should be holding, not exposing themselves to risk,
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
You can't be serious can you?? Mf-Tzo we told you so many times how dangerous trading on margin was... Please tell me you have some bts left.
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
Damn. Powerful stuff. I agree that polo margin has seriously crippled BTS. There clearly isn't the liquidity to support it at this stage. Just sucks.
Have we reached the trough of sorrow yet?
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
Damn. Powerful stuff. I agree that polo margin has seriously crippled BTS. There clearly isn't the liquidity to support it at this stage. Just sucks.
Have we reached the trough of sorrow yet?
Yeah, I have, dont want to think about crypto anymore. Probably be the bottom or something. Sold like a million BTS earlier this week just to have some btc left in case it goes to 10k or something. Gonna hold the rest of my bts and try to walk away from crypto for a year.
I never got my 2.0 BTS synced and imported.
I guess I should probably try to do that, so that I dont lose the opportunity or something, and then walk away. Sadly, if I had only ever hodled btc I would probably be around breakeven now and would be happy about it rallying.
I really thought 2.0 was going to be an improvement, but it was met with nothing but dumping to new lows.
-
If we got BTC38 online, this would sort itself out I'm sure.
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Unfortunately it appears BTS died..No one supports even at this price..It could have been great but it appears it is game over..We played and we lost..
Very disappointing.. :'(
I would have supported it my friend...but BM closed my short at 50% above market and made me buy bitUSD for 50% more then the market price...essentially eating most of my BTS...
:)
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
I'm in the same boat as you Ander. Woke up to see a message on my phone that I got margin called. Lost 25 BTC. Maybe I will comeback in the future. Good luck guys.
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I bet it was the news of the hardfork coming on Wednesday... shoot first ask questions later.
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plus some people might be going for BTC in the hopes we get another huge rise, since I guess everyone is desperately looking for another bitcoin bubble
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If we got BTC38 online, this would sort itself out I'm sure.
That would require btc38 to become solvent first. ;)
-
I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
I'm in the same boat as you Ander. Woke up to see a message on my phone that I got margin called. Lost 25 BTC. Maybe I will comeback in the future. Good luck guys.
Ouch. :(
In total from my attemtps to margin BTS on polo, I had about 7 btc in gains and about 15 btc in losses, for a net of a bit under 10 btc lost. Never got a margin call, multiple times I panic sold in advance to avoid them and they couldve happened if I hadnt. But more importantly my bts isnt worth much anymore. Wish I had more btc instead.
-
I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
I'm in the same boat as you Ander. Woke up to see a message on my phone that I got margin called. Lost 25 BTC. Maybe I will comeback in the future. Good luck guys.
Holy shit, we're losing people left and right. Fucking nuts. I feel for you guys. How depressing...margin truly has killed us.
Why isn't the referral system working yet? Why haven't the devs proactively helped BTC38/yunbi yet? Where do the million other promises/announcements stand? Bond market? Prediction? Stealth transfers? Bingo? Partnerships?
Just what the hell's going on?
-
I bet it was the news of the hardfork coming on Wednesday... shoot first ask questions later.
I think it was actually btc rallying really hard, which lead to panic among those who had margin longs, who started dumping and ended up wiping out the entirety of the buy support on polo, but support hit 21 btc at one point after literally everyone who was on margin got margin called at once.
-
I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
I'm in the same boat as you Ander. Woke up to see a message on my phone that I got margin called. Lost 25 BTC. Maybe I will comeback in the future. Good luck guys.
Holy shit, we're losing people left and right. Fucking nuts. I feel for you guys. How depressing...margin truly has killed us.
Why isn't the referral system working yet? Why haven't the devs proactively helped BTC38/yunbi yet? Where do the million other promises/announcements stand? Bond market? Prediction? Stealth transfers? Bingo? Partnerships?
Just what the hell's going on?
What killed us...
was [and still is] brownies.
On 2 fronts -
First, if you see someone paying a whole 5 BTS for worthless brownies, it means the BTS are close to that worthlessness.
Second if mf-tzo had not spent 50% of his bts on brownies he would have had much more collateral for the same amount of BTS he has on margin...and would have never been called.
disclaimer - I have no idea what is the actual % of his bts going into brownies.
-
https://youtu.be/AAFLTZSX0iQ?t=6m
-
I bet it was the news of the hardfork coming on Wednesday... shoot first ask questions later.
I think it was actually btc rallying really hard, which lead to panic among those who had margin longs, who started dumping and ended up wiping out the entirety of the buy support on polo, but support hit 21 btc at one point after literally everyone who was on margin got margin called at once.
How do you know "everyone" was wiped out who was on margin? Does polo publish the short ratio?
If this dump wiped out a bunch of long term hodlers... there is a very real chance it is "THE" bottom. Markets always go in the direction that causes the most pain... Down when there are lots of longs, and up after leaving bulls behind at the bottom.
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Just reading this thread makes me sad. Sorry to all you guys who lost BTS. :(
But don't forget the bigger picture. BitShares' potential isn't lost. All the great ideas are still here and we are closer then ever to seeing them realized. A lot of mistakes have been made in the history of BitShares but the biggest one would be to stop trying.
(http://i.imgur.com/aW7iqd4.jpg)
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I bet it was the news of the hardfork coming on Wednesday... shoot first ask questions later.
I think it was actually btc rallying really hard, which lead to panic among those who had margin longs, who started dumping and ended up wiping out the entirety of the buy support on polo, but support hit 21 btc at one point after literally everyone who was on margin got margin called at once.
How do you know "everyone" was wiped out who was on margin? Does polo publish the short ratio?
If this dump wiped out a bunch of long term hodlers... there is a very real chance it is "THE" bottom. Markets always go in the direction that causes the most pain... Down when there are lots of longs, and up after leaving bulls behind at the bottom.
So your saying now since the groups are mostly shorts, they are vulerable to the most pain.
-
Well it's been nearly 2yrs of hardships for some...
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100 coins and sh!tco!ns and we are in the 3rd worst position...
(http://i.imgur.com/wfXGtT0.jpg)
-
I bet it was the news of the hardfork coming on Wednesday... shoot first ask questions later.
I think it was actually btc rallying really hard, which lead to panic among those who had margin longs, who started dumping and ended up wiping out the entirety of the buy support on polo, but support hit 21 btc at one point after literally everyone who was on margin got margin called at once.
How do you know "everyone" was wiped out who was on margin? Does polo publish the short ratio?
If this dump wiped out a bunch of long term hodlers... there is a very real chance it is "THE" bottom. Markets always go in the direction that causes the most pain... Down when there are lots of longs, and up after leaving bulls behind at the bottom.
So your saying now since the groups are mostly shorts, they are vulerable to the most pain.
Yes... the biggest and longest rallies start with a short squeeze. The squeeze is the most violent part. It destroys the shorts because they are being margined called, while not allowing any dips for longs to buy back in. Max pain for both sides.
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I just lost all my bts because I was margin long in polo.. :'(
That is the pain you feel when you support blindly something I suppose instead of day trading like most people..
The luck of support at these levels is just so disappointing..
:(
I said a million times that margin wasnt safe. Its horrible that you lost everything mf-tzo, hope you at least have some left.
I feel like polo margin ruined BTS. I tried it some and got hurt by it too, but managed to cover at a loss a couple times when things were starting to go down so I never got liquidated or anything, just lost some bts. I should never have used it. I probably wouldve also gotten liquidated on this drop if I'd had a margin position there, but luckily I got burned enough earlier on and stopped.
I feel like I'm pretty much done with crypto at this point. If good projects like BTS can get shit on this hard by everyone while they pump stupid crap. There is no sanity in the market. BTS was one of the only projects that could hope to become profitable and actually be worth holding, but it got dumped to hell.
I'll just hold a few remaining btc, and my bts and muse and brownies forever and come back a while later and see if they are still worth anything. There is no point selling them now. Maybe try to buy a few more btc if it has a dip.
I'm in the same boat as you Ander. Woke up to see a message on my phone that I got margin called. Lost 25 BTC. Maybe I will comeback in the future. Good luck guys.
Holy shit, we're losing people left and right. Fucking nuts. I feel for you guys. How depressing...margin truly has killed us.
Why isn't the referral system working yet? Why haven't the devs proactively helped BTC38/yunbi yet? Where do the million other promises/announcements stand? Bond market? Prediction? Stealth transfers? Bingo? Partnerships?
Just what the hell's going on?
And the most basic of basic things flubbed for so many of us...
I never got my 2.0 BTS synced and imported.
-
First, if you see someone paying a whole 5 BTS for worthless brownies, it means the BTS are close to that worthlessness.
I'll probably never receive another Brownie.PTS for saying this (and that's another reason I frown on Brownies) but, I can't really disagree with that line of thinking.
I'd go into more detail but ... Brownies prevent me from doing so. :P
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That's why Brownies should recieve only a limited SHAREDROP. I made this point before and Stan brushed it off as usual. Nobody wants to listen here.
-
Bitshares is official below Peercoin. What does that tell you?
-
First, if you see someone paying a whole 5 BTS for worthless brownies, it means the BTS are close to that worthlessness.
I'll probably never receive another Brownie.PTS for saying this (and that's another reason I frown on Brownies) but, I can't really disagree with that line of thinking.
I'd go into more detail but ... Brownies prevent me from doing so. :P
if it was me with this truckload [as a position of the biggest holders list, not as money worth] of them...I would have never opened my mouth :)
So, you are one brave man + 1.
-
Bitshares is official below Peercoin. What does that tell you?
(http://i.imgur.com/YV5oeki.jpg)
===============================================================================================================
(http://i.imgur.com/U5G6fn8.jpg)
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If you look at it in terms of € or $ it's not that bad. I bought bts end of August for 0.0029€, now it just spiked down to 0.0032€ and went up directely to 0.0035€.
Bitcoin is also very volatile, looking bts price in btc is not enought. IMHO, you also need to look at the price btc/fiat or bts/fiat.
The only problem is if you got margin margin call (I did :( ). But this is more a matter of trading risks that purely long term investment.
-
Bitshares is official below Peercoin. What does that tell you?
That Sunny King is da man! :P
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If you look at it in terms of € or $ it's not that bad. I bought bts end of August for 0.0029€, now it just spiked down to 0.0032€ and went up directely to 0.0035€.
Bitcoin is also very volatile, looking bts price in btc is not enought. IMHO, you also need to look at the price btc/fiat or bts/fiat.
The only problem is if you got margin margin call (I did :( ). But this is more a matter of trading risks that purely long term investment.
The thing is when Bitcoin falls in price again-- we will go down with it. So BTS per Fiat will be much lower as well.
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All the alts are having a bad day today as the price of bitcoin keeps going up.
I think we're witnessing a realignment of the crypto economy. Bitcoin is showing signs of a big breakout after a year of flat prices. This could be the end of a two-year cycle that started with the collapse of bitcoin prices in December 2013. While we have been hodling BTS for two years, potential crypto investors have spent the last two years studying the implications of blockchain technology.
Right now, BTC price is rising because Chinese citizens are trading yuan for bitcoin. Chinese holders of renminbi need a safe haven in their slowing economy where the renminbi is being devalued. Potentially, a whole lot of interested parties with lots of investment capital may finally get the FOMO needed to push the price of BTC over $10,000.
Meanwhile, BTS early adopters are getting hammered by the recent 70% drop in prices as other adopters trade their bts to buy bitcoin.
BTS holders should keep hodling while they root for bitcoin. Once the price of BTC jumps back above $1000, it will be a mad rush into existing 2.0 projects. The price of bts will go north fast.
-
All the alts are having a bad day today as the price of bitcoin keeps going up.
I think we're witnessing a realignment of the crypto economy. Bitcoin is showing signs of a big breakout after a year of flat prices. This could be the end of a two-year cycle that started with the collapse of bitcoin prices in December 2013. While we have been hodling BTS for two years, potential crypto investors have spent the last two years studying the implications of blockchain technology.
Right now, BTC price is rising because Chinese citizens are trading yuan for bitcoin. Chinese holders of renminbi need a safe haven in their slowing economy where the renminbi is being devalued. Potentially, a whole lot of interested parties with lots of investment capital may finally get the FOMO needed to push the price of BTC over $10,000.
Meanwhile, BTS early adopters are getting hammered by the recent 70% drop in prices as other adopters trade their bts to buy bitcoin.
BTS holders should keep hodling while they root for bitcoin. Once the price of BTC jumps back above $1000, it will be a mad rush into existing 2.0 projects. The price of bts will go north fast.
I was having the same viewpoint. Totally agree
-
All the alts are having a bad day today as the price of bitcoin keeps going up.
I think we're witnessing a realignment of the crypto economy. Bitcoin is showing signs of a big breakout after a year of flat prices. This could be the end of a two-year cycle that started with the collapse of bitcoin prices in December 2013. While we have been hodling BTS for two years, potential crypto investors have spent the last two years studying the implications of blockchain technology.
Right now, BTC price is rising because Chinese citizens are trading yuan for bitcoin. Chinese holders of renminbi need a safe haven in their slowing economy where the renminbi is being devalued. Potentially, a whole lot of interested parties with lots of investment capital may finally get the FOMO needed to push the price of BTC over $10,000.
Meanwhile, BTS early adopters are getting hammered by the recent 70% drop in prices as other adopters trade their bts to buy bitcoin.
BTS holders should keep hodling while they root for bitcoin. Once the price of BTC jumps back above $1000, it will be a mad rush into existing 2.0 projects. The price of bts will go north fast.
I doubt it. The massive lack of communication after 2.0 release, the issues with BTC38 and speculation about double chain spending etc. Is killing BTS as it is now. I know people that are selling because they are literally worried the project will die. And as usual, developers only care about PR or communication when they are pumpin it (see. 1 month ago)
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Its AE's fault, hes dumping millions of BTS spawned from thin air:
https://bitshares.openledger.info/#/account/follow-my-vote/overview
But dont worry, hes registered loads of liberals and conservatives +5%, and he paid yourmom for services rendered.
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Its AE's fault, hes dumping millions of BTS spawned from thin air:
https://bitshares.openledger.info/#/account/follow-my-vote/overview
But dont worry, hes registered loads of liberals and conservatives +5%, and he paid yourmom for services rendered.
So it's true that double spending 1.0/2.0 is a thing?
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Its AE's fault, hes dumping millions of BTS spawned from thin air:
https://bitshares.openledger.info/#/account/follow-my-vote/overview
But dont worry, hes registered loads of liberals and conservatives +5%, and he paid yourmom for services rendered.
Is this true?I guess the only people who would want to sell BTS at 1000 sats are those who got it free.
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Fav unforunately moved this discussion to the random section. here was their answer.
I just wanted to thank the BitShares community for continuing to take interest in Follow My Vote's activities.
Also, to set the record straight, Follow My Vote has yet to claim over half of our vesting stake, which was allocated to fund the development of voting software for the BitShares community, nor have we spent all of the stake that we have claimed to date. We have stake stored within multiple BitShares accounts and on multiple cryptocurrency exchanges. Any of the claimed stake we have sold to date has been to support the development of said voting software. On that note, later this week, we will be releasing the code we've developed to date as open source and will be publishing the code to our github repo at that time.
Several months ago, I also pledged 1M BTS to be spent on helping to directly market BitShares to the world. To this end, we will be working with the team at FreebieServers.com in the days ahead to sponsor a BitShares branded gaming tournament.
We'll be sure to keep you posted on all of the above.
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and he paid yourmom for services rendered.
My Mom only accepts Bitcoin. ;)
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I guess the only people who would want to sell BTS at 1000 sats are those who got it free.
You're giving most crypto-n00bs too much credit. They'll sell at any price just to gtfo. ;)
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bitcoin is rising and all altcoins suffer.
BTS, started it but more coins are following ETH is also down >10%
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I guess the only people* who would want to sell BTS at 1000 sats are those who got it free.
You're giving most crypto-n00bs too much credit. They'll sell at any price just to gtfo. ;)
*only people with millions of free BTS anyway...
As for whether hes only claimed half of his vesting stake - so what? Hes going to claim it all eventually, half of which will have to be dumped to pay taxes and the other half to fund his pipe dream that does squat to help BTS.
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Its AE's fault, hes dumping millions of BTS spawned from thin air:
https://bitshares.openledger.info/#/account/follow-my-vote/overview
But dont worry, hes registered loads of liberals and conservatives +5%, and he paid yourmom for services rendered.
So it's true that double spending 1.0/2.0 is a thing?
no.
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So it's true that double spending 1.0/2.0 is a thing?
Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.
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All the alts are having a bad day today as the price of bitcoin keeps going up.
I think we're witnessing a realignment of the crypto economy. Bitcoin is showing signs of a big breakout after a year of flat prices. This could be the end of a two-year cycle that started with the collapse of bitcoin prices in December 2013. While we have been hodling BTS for two years, potential crypto investors have spent the last two years studying the implications of blockchain technology.
Right now, BTC price is rising because Chinese citizens are trading yuan for bitcoin. Chinese holders of renminbi need a safe haven in their slowing economy where the renminbi is being devalued. Potentially, a whole lot of interested parties with lots of investment capital may finally get the FOMO needed to push the price of BTC over $10,000.
Meanwhile, BTS early adopters are getting hammered by the recent 70% drop in prices as other adopters trade their bts to buy bitcoin.
BTS holders should keep hodling while they root for bitcoin. Once the price of BTC jumps back above $1000, it will be a mad rush into existing 2.0 projects. The price of bts will go north fast.
Thing is if bitcoin drops or maintains this price, BTS will likely not go up
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So it's true that double spending 1.0/2.0 is a thing?
Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.
Lol wut? Are u retarded by chance? wtf ???
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I think we are probably looking at a false breakout to the downside here... aka a bear trap. I wouldn't be surprised to see a quick reversal back to the 1300 range... maybe a bit of consolidation down here first.
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So it's true that double spending 1.0/2.0 is a thing?
Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.
Lol wut? Are u retarded by chance? wtf ???
For not dumping before the merger? Probably.
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Sometimes I imagine it in this (oversimplified and exaggerated) way...
- There is a limited supply of BTS, held by a variety of people.
- 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
- 7% of the supply is being used by people internally for various purposes.
- 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
- This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...
Does anyone think there could be elements of truth in this story?
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So it's true that double spending 1.0/2.0 is a thing?
Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.
That sounds like the dumbest thing in the history of crypto. Well, I guess I'll wait til close-to-zero value before maybe picking some up. I had a sizeable chunk (5 mil) at 0.0014 but ditched them when I saw sell side balloon and buy side shrink.
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In long run.. this low price could be useful for bitshares. Bitcoin thanks to it's quick rise will give whole cryptocurrencies world a lot of new attention. People will try to find other coin which is right now bellow it's value.
that is way we have to be very active community right now. We have to report bugs, help others with questions... and we have to remember... that right now there is good time to buy lifetime membership.
It suppose to cost ~$100, but right now price is not updated... and 20000 is something like $75-80 ;)
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In long run.. this low price could be useful for bitshares. Bitcoin thanks to it's quick rise will give whole cryptocurrencies world a lot of new attention. People will try to find other coin which is right now bellow it's value.
that is way we have to be very active community right now. We have to report bugs, help others with questions... and we have to remember... that right now there is good time to buy lifetime membership.
It suppose to cost ~$100, but right now price is not updated... and 20000 is something like $75-80 ;)
I hope you're right!
I'd like to add that some people don't like to buy proof-of-stake cryptos if they feel like they're giving their money to the lucky and rich early adopters. This was a bit of a problem for many with the distribution of NXT. This may be a selling point for BitShares if newcomers realize they can undercut the prices paid by the original BitShares holders!
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This was a bit of a problem for many with the distribution of NXT. This may be a selling point for BitShares if newcomers realize they can undercut the prices paid by the original BitShares holders!
+5% +5%
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Does anyone think there could be elements of truth in this story?
Most everyone I've known for more than 100 post are BTS hodlers.
I'm always trying to accumulate more (so beware), no matter how I can accomplish it (legally).
If I can't get paid in BTS, I find other ways to obtain it.
Taking advantage of days like this is one way. ;)
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Sometimes I imagine it in this (oversimplified and exaggerated) way...
- There is a limited supply of BTS, held by a variety of people.
- 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
- 7% of the supply is being used by people internally for various purposes.
- 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
- This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...
Does anyone think there could be elements of truth in this story?
@hadrian my true and only love,
I wish I wish, but days like this make me doubt it.
-
Sometimes I imagine it in this (oversimplified and exaggerated) way...
- There is a limited supply of BTS, held by a variety of people.
- 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
- 7% of the supply is being used by people internally for various purposes.
- 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
- This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...
Does anyone think there could be elements of truth in this story?
If 90% is in the hands of hodlers, we are screwed
-
Sometimes I imagine it in this (oversimplified and exaggerated) way...
- There is a limited supply of BTS, held by a variety of people.
- 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
- 7% of the supply is being used by people internally for various purposes.
- 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
- This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...
Does anyone think there could be elements of truth in this story?
If 90% is in the hands of hodlers, we are screwed
It seems like 10% is in the hands of hodlers, 10% is in the hands of devs and insiders who continually sells some to pay bills, and 80% is in the hands of whales who want out to get btc.
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(http://i.imgur.com/tS6zemD.jpg)
so m00n! ;)
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graphene 2015 thinks the price is going down more.
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wtf
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graphene 2015 thinks the price is going down more.
What does that mean?
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graphene 2015 thinks the price is going down more.
What does that mean?
She is a whale/tuna [about 1/2 of your own estimated position] size holder ... and an opinionated one.
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graphene 2015 thinks the price is going down more.
What does that mean?
She is a whale/tuna [about 1/2 of your own estimated position size, holder] ... and an opinionated one.
Not hard to call continued downtrend with 400 BTC sell side, and 101 BTC buy side at Polo.
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Not hard to call continued downtrend with 400 BTC sell side, and 101 BTC buy side at Polo.
lel
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Do I hear 1200? 1200, going once, going twice... What? 1000! 1000, going once,... 800?! Oh my!
Price is irrelevant. There are still plenty of weak hands that gave it a final go and are now very bitter. It's OK. It's just how it works.
I don't think Stan's or Dan's comments/articles full of hype/hope will have any effect anymore. I admire the optimism, but no.
BTS hype is over, I believe that now the only thing that can take it higher is real utility and that will take some time to truly develop.
For that reason, I'm mostly out. Enjoy the ebbs and flows. I'll be waiting way, way, waaaay lower to get in. I could care less if it quadruples from here short term. I don't think it will be a sustainable jump even if there is one.
Good luck everybody! :)
Just because...
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Do I hear 1200? 1200, going once, going twice... What? 1000! 1000, going once,... 800?! Oh my!
Price is irrelevant. There are still plenty of weak hands that gave it a final go and are now very bitter. It's OK. It's just how it works.
I don't think Stan's or Dan's comments/articles full of hype/hope will have any effect anymore. I admire the optimism, but no.
BTS hype is over, I believe that now the only thing that can take it higher is real utility and that will take some time to truly develop.
For that reason, I'm mostly out. Enjoy the ebbs and flows. I'll be waiting way, way, waaaay lower to get in. I could care less if it quadruples from here short term. I don't think it will be a sustainable jump even if there is one.
Good luck everybody! :)
Just because...
Aslong as they keep developing price will always recover sooner or later
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Aslong as they keep developing price will always recover sooner or later
I disagree. "If you build it, they will come." only works if you are building the right thing.
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(http://chuantu.biz/t2/17/1446526329x1822610121.png)
700！！
OMG.
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(http://chuantu.biz/t2/17/1446526329x1822610121.png)
700！！
OMG.
Dammit, was only able to get some in the 800's.
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I suppose almost 80% people long bts was dead.
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(http://chuantu.biz/t2/17/1446526329x1822610121.png)
700！！
OMG.
Dammit, was only able to get some in the 800's.
Relax this isn't "the bottom". :)
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Relax this isn't "the bottom". :)
Oh yeah, what is "the bottom"?
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Relax this isn't "the bottom". :)
Oh yeah, what is "the bottom"?
if the BTC price keep moving up, I think the bottom is "no bottom"
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if the BTC price keep moving up, I think the bottom is "no bottom"
Well, I think BTC will continue moving up, so I guess I need to prepare to buy all the way down. ;)
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Relax this isn't "the bottom". :)
Oh yeah, what is "the bottom"?
Remember MemoryCoin? Oh, it was so memorable. It will play out kinda like that.
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Holy crap. As a BTS bagholder now, and constantly watching this space, I can only say: we're fooled. BTS is nothing but a get-rich-quick scheme for delegates, witnesses and other crew.
When the highest ranked stakeholders do not give a shit about the price (which is very very important thing), this is what happens. Shame this can kill Bitshares, it is fairly good, yet one of the buggiest softwares I ever saw. Bitshares needs more serious developers and more serious long-term holders, right now it serves only few people.
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Highest ranked stakeholders have lost the most. So much stupidity in response to emotions.
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Holy crap. As a BTS bagholder now, and constantly watching this space, I can only say: we're fooled. BTS is nothing but a get-rich-quick scheme for delegates, witnesses and other crew.
When the highest ranked stakeholders do not give a shit about the price (which is very very important thing), this is what happens. Shame this can kill Bitshares, it is fairly good, yet one of the buggiest softwares I ever saw. Bitshares needs more serious developers and more serious long-term holders, right now it serves only few people.
Translation ...
(http://i.giphy.com/RnKoz2i6PzAaI.gif)
:P
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Got totally destroyed. I know its my own fault but I had bought all the BTS I can, and then used them as collateral to buy more. In the last few days I was trying to raise anything possible to save it, even sold my Bitcointalk account, but it ended today.
Over 2 years in cryptocurrency and I have almost nothing in crypto left (even bitcointalk acccount). I have got a few brownie.pts in my old account (bts-habeler876) which I haven't upgraded yet (I was using GUI backup from 0.9.3 which apparently doesn't work but I haven't tried yet).
All the best guys, and maybe I will be able to earn some BTC and then buy BTS later. I know it will eventually be great but then I don't know how will I react knowing I could've had millions of those instead of 0. But I am gutted right now and can't think of anything as it seems over 2 years got wasted. Yes, I am fully responsible, I was warned so not blaming anyone else.
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Got totally destroyed
Sorry man, that sucks. :-\
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wtf
agreed... wtf?
i think we need to get some of these projects on the roll, BitCash (whatsapp style), bank partnership, whatever else i dont know but we need some love!. my purchase last night (less than 24hours ago is already down 33% :(), im not selling so it just a temporary sadness but it sucks.
sorry to hear your story habeler :(
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just noticed a lot of trolls in the Poloniex Trollbox slamming BTS, things are looking up already :)
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I got home and I see that I got BTS at 800 with BTC that I got for selling it at 1200 earlier. What the hell you guys.
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Also stop margining. :P
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Sometime in 2016 ...
"Hey, remember when BitShares was at 700 sats? Those were the days!"
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Sometime in 2016 ...
"Hey, remember when BitShares was at 700 sats? Those were the days!"
"Hey, remember when BitShares was at 2400 sats? Those were the days!"
"Hey, remember when BitShares was at 2000 sats? Those were the days!"
"Hey, remember when BitShares was at 1600 sats? Those were the days!"
"Hey, remember when BitShares was at 1200 sats? Those were the days!"
"Hey, remember when BitShares was at 800 sats? Those were the days!"
Coming next:
"Hey, remember when BitShares was at 400 sats? Those were the days!"
"Hey, remember what BitShares was? Those were the days!"
All jokes aside, crypto serves an important part of society - tax on greed. All you greedy bastards got fleeced.
8)
-
Looking through the polo order book, its ironic to see perhaps a single user with a sell order of 2.5m bts @ 0.000063 btc. Why keep this much on an exchange when the price is no where near this point? Are they just using the bts to put up fake buy/sell walls and try to manipulate the price?
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Got totally destroyed. I know its my own fault but I had bought all the BTS I can, and then used them as collateral to buy more. In the last few days I was trying to raise anything possible to save it, even sold my Bitcointalk account, but it ended today.
Over 2 years in cryptocurrency and I have almost nothing in crypto left (even bitcointalk acccount). I have got a few brownie.pts in my old account (bts-habeler876) which I haven't upgraded yet (I was using GUI backup from 0.9.3 which apparently doesn't work but I haven't tried yet).
All the best guys, and maybe I will be able to earn some BTC and then buy BTS later. I know it will eventually be great but then I don't know how will I react knowing I could've had millions of those instead of 0. But I am gutted right now and can't think of anything as it seems over 2 years got wasted. Yes, I am fully responsible, I was warned so not blaming anyone else.
i feel ya - this really sucks man . .:(
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just noticed a lot of trolls in the Poloniex Trollbox slamming BTS, things are looking up already :)
Ah ha, it looks like the the crypto whales are being harpooned, one by one, yes, the price is copping a beating but hey you know what? I won't be suprised the next dump on bitcoin will come eventually. Will they start bashing BTC?
I think there will be a period of mass killing of the greedy shills according to what can be gauged over there at polo, the carnage is happening.
Markets are funny unpredictable creatures, and the whales and shills need the hard treatment that's coming to them.
I still have all my BTS, I just keep out of the frying pan and the fire.
I don't however pass judgement on those that have to try and navigate the choppy sea to scrape together a decent hunk of BTS to hang onto, but I think the moral of the story here is buying on margin is like trying to walk on a tightrope over the Grand Canyon with no safety harness. It's better to wait and let the price drop and take on more BTS and hold onto it.
I wished I was more tech gifted and more like a tech junkie, but as far as I am concerned, BTC is going to face some very harsh tests in the future as BTC gets more centralized with bigger and bigger mining pools to say competitive in the mining business.
As the government starts to smell out the areas where centralization is concentrating itself, the real gift of efficient decentralization will be most appreciated.
BTS is going to be sort after then after the growing pains are dealt with and centralization concerns with BTC accelerate.
At least it I can see the writing on the wall with centralization, it is coming with BTC.
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I have been watching the market closely for the past few days, and have noticed the price going to as high as 1394-1430 and then crashing back down to 1257-1270 several times in a row. This can be seen as faking the volume on purpose in order to keep it onto the top of charts as its absolutely clear the legit volume has been around 70-80 btc the whole week, since oct, 25. It seemed like the only one dude tossed around 10 million coins back and forth. The first 5 min major red candle indicates he dumped 9.65 million all the way down to 1153, perhaps mostly on his own orders. The reason is that he either exits at cost or attempts to completely dry up the market and fill his bags with significant amount of coins before the next trend reversal.
-
Right now it's tough because besides 2.0 teething problems, Bitcoin is doing well. It's sustained uptrend for the last three weeks has been great, if the slow steady continues, it may break $300 too which is when it might really jump. That's sucking a lot out of money out of more speculative volatile alternatives atm.
Bitcoin going up is critical for all alt coins right now. There are not enough bts gateways to decouple from btc. We need btc to bring more awareness to crypto and the only way that can be done is by increasing the market cap. If the market cap exceeds 500 in the next few months, I think that will be a huge boon to all coins.
Or people get out of altcoins to join the BTC train......
Most alt coin holders are steadfast supporters of their coin. Mostly because of the amount of time it takes to acquire a large stake without moving the price too much. Also they become emotionally attached and want to see "their" coin succeed. I highly doubt more than 20% of alt coin holders would sell.
I agree. I think Bitcoin going up will ultimately be great.
In the short term however the relative stability combined with steady growth will draw alt-coin holders into BTC.
Looks like it's sucking money from speculative alts in the short term as expected.
-
http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
-
http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
i HATE those audio ads on zerohedge that always auto-start and scare the livin crap out of me, how do i disable those damn things?
-
http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
i HATE those audio ads on zerohedge that always auto-start and scare the livin crap out of me, how do i disable those damn things?
Firefox with Adblock Edge plugin may be.
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http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
+5% What's really positive is the amount of new account creation.
Incredible new user growth for @OKCoinBTC USD and CNY. Two dozen plus handling KYC and customer service. We can onboard within 24-48 hours.
It's been a coming...
There's no denying China is a major market and capital controls are a big driver & will be positive for non neutral digital currency wherever they are present.
http://www.zerohedge.com/news/2015-09-02/china-scrambles-enforce-capital-controls-capital-flight-threatens-economy-which-grea
I still think Bitcoin's volatility is a long term problem as it creates downward pressure from merchants in neutral to bear markets.
As usual I expect other crypto-currencies to benefit the most like LTC, DGC, PPC while ETH, XRP, BTS and MaidSafe will benefit the least.
-
In my eyes BTC would be dead a long time ago if it wasn't for the Cypriot banks problems(and all the pump and dump speculation that follows that), the Greek crysis and now China trying to move money out. This gave btc a little more time but I fail to see how btc can survive long term. I definetly expect the btc "buble" to burst and btc to crash but I have no clue how high it can go before that happens.
[EDIT] Maybe this is the last pump of BTC.
Do you guys think that an increase in BTC value can help BTS medium or long term?(e.g more people paying attention to better alternatives of BTC) I want to believe that yes despite the madness of the last days.
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In my eyes BTC would be dead a long time ago if it wasn't for the Cypriot banks problems(and all the pump and dump speculation that follows that), the Greek crysis and now China trying to move money out. This gave btc a little more time but I fail to see how btc can survive long term. I definetly expect the btc "buble" to burst and btc to crash but I have no clue how high it can go before that happens.
[EDIT] Maybe this is the last pump of BTC.
Do you guys think that an increase in BTC value can help BTS medium or long term?(e.g more people paying attention to better alternatives of BTC) I want to believe that yes despite the madness of the last days.
The better Bitcoin does, the better it is for other immutable crypto-currencies and that also use mining. (Basically everything that BitShares moved away from)
However more money coming into the space is ultimately good and will give increased exposure to all projects.
-
Sometime in 2016 ...
"Hey, remember when BitShares was at 700 sats? Those were the days!"
"Hey, remember when BitShares was at 2400 sats? Those were the days!"
"Hey, remember when BitShares was at 2000 sats? Those were the days!"
"Hey, remember when BitShares was at 1600 sats? Those were the days!"
"Hey, remember when BitShares was at 1200 sats? Those were the days!"
"Hey, remember when BitShares was at 800 sats? Those were the days!"
Coming next:
"Hey, remember when BitShares was at 400 sats? Those were the days!"
"Hey, remember what BitShares was? Those were the days!"
All jokes aside, crypto serves an important part of society - tax on greed. All you greedy bastards got fleeced.
8)
lel, I kind of walked into that one.
The meaning of my post was about how cheap BTS was last night and how we may never see it that cheap again.
Who knows though, if BTC keeps rising BTS may fall more ... until people realize BTC is a shitcoin and BTS is the future. ;)
If that happens (and it should) we're all going to be some happy hoarders here!
So get all the 700-800 sat BTS you can, while you can!
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Are they just using the bts to put up fake buy/sell walls and try to manipulate the price?
Mostly.
-
I have been watching the market closely for the past few days, and have noticed the price going to as high as 1394-1430 and then crashing back down to 1257-1270 several times in a row. This can be seen as faking the volume on purpose in order to keep it onto the top of charts as its absolutely clear the legit volume has been around 70-80 btc the whole week, since oct, 25. It seemed like the only one dude tossed around 10 million coins back and forth. The first 5 min major red candle indicates he dumped 9.65 million all the way down to 1153, perhaps mostly on his own orders. The reason is that he either exits at cost or attempts to completely dry up the market and fill his bags with significant amount of coins before the next trend reversal.
Maybe he's paying taxes. ;)
-
http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
i HATE those audio ads on zerohedge that always auto-start and scare the livin crap out of me, how do i disable those damn things?
Firefox with Adblock Edge plugin may be.
Screw Adblock, they're sellouts.
Try uBlock.
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until people realize BTC is a shitcoin
True, but try to say that in the bitcointalk forum, lol you will be stoned to death.
(http://i.imgur.com/tfvxT2i.jpg)
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http://www.zerohedge.com/news/2015-11-02/reason-bitcoins-recent-surge-revealed
i HATE those audio ads on zerohedge that always auto-start and scare the livin crap out of me, how do i disable those damn things?
Firefox with Adblock Edge plugin may be.
Screw Adblock, they're sellouts.
Try uBlock.
Or uBlock Origin
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True, but try to say that in the bitcointalk forum, lol you will be stoned to death.
Oh yeah I know. That's probably the first time I've openly called BTC a "shitcoin" online, but honestly it is compared to what's out today (looking at you BTS!).
The people buying BTC now are no different from the ones buying in 2013.
I welcome this new blood! They will soon realize, much as we did, that BTC is NOT the answer.
They will then seek out other alternatives and eventually will be driven towards the one that shows the most promise, just as we were.
When that happens, BTS will begin moving upwards again, just like BTC now and all the doubters will come crawling back saying, "I knew it!". ;)
In other words ...
The better Bitcoin does, the better it is for other immutable crypto-currencies and that also use mining. (Basically everything that BitShares moved away from)
However more money coming into the space is ultimately good and will give increased exposure to all projects.
;)
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Now MAID is having the horrible day that we had yesterday.
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Now MAID is having the horrible day that we had yesterday.
Ooh. I shall have to see which exchanges maidsafecoins are on! I love what project SAFE is aiming to do...
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Now MAID is having the horrible day that we had yesterday.
But Litecoin is now on MTGox, hence the pump! ;)
Gawd I miss those days. I miss fontas, I miss koolio and all the gang. :-\
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Still in shock at what happened, the single worst moment in my life.
Please hold the price here. Maybe in the next few months I will be able to earn some Bitcoins and will buy some Bitshares. I dont even want to imagine seeing Bitshares eventually becoming successful and me having to cope with my mistake.
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This feels like a turning point for bitshares in particular and crypto in general. BTC holders just made a ton of money and in the near future they could make lots more. If the past is any prologue, within the next two years, the price of btc could potentially increase by x25 from where it is today. After that a new global class of digitally wealthy people will form. BTC will fuel the nascent fintech industry because it's the lifeblood for funding altcoin/2.0 projects everywhere. As BTC reaches a critical mass in price, wealth will start to pour into 2.0 projects like bitshares and all of our wildest dreams will be realized in a flash. Right now I think we are witnessing the turning of the tide after 2 years. This is the darkest hour and probably the best time to hold and buy if you can.
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probably the best time to hold and buy if you can.
+5%
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This feels like a turning point for bitshares in particular and crypto in general. BTC holders just made a ton of money and in the near future they could make lots more. If the past is any prologue, within the next two years, the price of btc could potentially increase by x25 from where it is today. After that a new global class of digitally wealthy people will form. BTC will fuel the nascent fintech industry because it's the lifeblood for funding altcoin/2.0 projects everywhere. As BTC reaches a critical mass in price, wealth will start to pour into 2.0 projects like bitshares and all of our wildest dreams will be realized in a flash. Right now I think we are witnessing the turning of the tide after 2 years. This is the darkest hour and probably the best time to hold and buy if you can.
I always like your comments, I only hope the reason I like them is because you say what I want to hear lol. That makes sense, but we will always have that lag. Guess being a 2.0 project means wealth only comes in 2.0 too so we're the last ones benefiting. The only thing I dislike is being dependent on bitcoin, but I guess that's how things work. But I'm pretty sure if bitcoin reaches a new ATH all other coins will benefit aswell. At that time we will only need stable BitAssets and we're set. But obviously all of this will take its time. We can only hope we're solid enough when that time comes so we take the best of it and don't miss any opportunity.
As for getting in on bts, I'm not yet sure if I should go in or not. I've never sold a single bts (since I couldn't use the old client) and took advantage of the previous low so my average cost is lower but idk yet. I know if there is a time to go in it should be now, however I admit this time I got a little worried of being left behind. On the previous low I wasn't worried at all because we had 2.0 launch so I kind of went with that. But now it feels different. For me, worrying about money placed in crypto is a signal you are overinvested so I'm a little uncertain.
I must chill, clear my mind and meditate rationally only, checking the facts. Emotions are not good, specially when you already had a shitty day not related to BTS. It's not wise to move under emotions on these lands.
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This feels like a turning point for bitshares in particular and crypto in general. BTC holders just made a ton of money and in the near future they could make lots more. If the past is any prologue, within the next two years, the price of btc could potentially increase by x25 from where it is today. After that a new global class of digitally wealthy people will form. BTC will fuel the nascent fintech industry because it's the lifeblood for funding altcoin/2.0 projects everywhere. As BTC reaches a critical mass in price, wealth will start to pour into 2.0 projects like bitshares and all of our wildest dreams will be realized in a flash. Right now I think we are witnessing the turning of the tide after 2 years. This is the darkest hour and probably the best time to hold and buy if you can.
Yea i feel that too... Ppl thinking dump alts buy btc but it will be alts and btc rising together if its going to be real and not chinese pump n dump
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
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This feels like a turning point for bitshares in particular and crypto in general. BTC holders just made a ton of money and in the near future they could make lots more. If the past is any prologue, within the next two years, the price of btc could potentially increase by x25 from where it is today. After that a new global class of digitally wealthy people will form. BTC will fuel the nascent fintech industry because it's the lifeblood for funding altcoin/2.0 projects everywhere. As BTC reaches a critical mass in price, wealth will start to pour into 2.0 projects like bitshares and all of our wildest dreams will be realized in a flash. Right now I think we are witnessing the turning of the tide after 2 years. This is the darkest hour and probably the best time to hold and buy if you can.
+5% Well said!
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
.. then lets make try and make the front end as easy and intuitive as possible for the non technical folks who dont give a damn about trading and just want to salvage whatever worthless dollars they still have in to gold and silver. [/color] I can do this in less that 5 clicks with bitreserve.
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
NBT has 600 BTC volume on Polo. Clearly there is a need, but somehow BTS is not the chosen one. I've been repeating the same thing for 2 years now. Unless there is liquidity and commitment from the stakeholders to provide such liquidity for BitUSD to track USD as closely as possible, BTS won't take off. Why can't we dedicate printed BTS to go to that, instead of delegates? i.e. have the blockchain provide some liquidity. This is the only reason NBT works and people trust it. Because it's always way less than 1% fluctuation from USD.
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I leave town for one day and you all let the bottom fall out.
Well... before leaving town, you made 98% of your community buy brownies with their bts. As a result of this they had much less collateral per BTS borrowed on margin [ I do not know if you are aware, but as great as brownies are, polo does not find them a good collateral material]. ...and they were called way earlier then they would have been without their sweets buys.
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
.. then lets make try and make the front end as easy and intuitive as possible for the non technical folks who dont give a damn about trading and just want to salvage whatever worthless dollars they still have in to gold and silver. [/color] I can do this in less that 5 clicks with bitreserve.
BM just said bitshares gains it's value from being an exchange when all centralized exchanges fail... that would lead me to believe we should skip making it for the average idiot, and tailor it to traders.
Metatrader 4 is the best trading platform I have used. It's intuitive yet advanced. Indicators are easy to write in mql4 and the barrier to entry is low. There have been thousands of indicators created by regular traders. I know people think poloniex has a great interface, but to tell you the truth, it's garbage. It's boring, plain, and isn't even on par with basic broker platforms from companies like e-trade much less something like Metatrader.
If I showed the current interface to forex traders they would laugh. There are no indicators(not even a moving average), no ability to zoom or pan, orders can't be executed by clicking on the chart, there is no line on the chart indicating where your open positions cost is, no active P/L, no grid option, no dynamic scaling, no ability to change bar colors, no ability to change to line or OHLC style charts. And I can't stress enough that if you want to appeal to traders you need to be able to accommodate stop and take profit orders for open positions! This is by far the main and most important thing to get functioning if you want traders. Most of the other stuff a trader doesn't absolutely need to trade, but they need stops and take profits.
Seriously just look at metatrader 4... download it and open a demo account from one of the dozens of forex brokers that use metatrader as their platform (I use FXCM and Forex.com). Give it a test run and you will see what trading platform needs to be at a minimum. Unless we don't want traders, then all this is null and void.
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No
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
.. then lets make try and make the front end as easy and intuitive as possible for the non technical folks who dont give a damn about trading and just want to salvage whatever worthless dollars they still have in to gold and silver. [/color] I can do this in less that 5 clicks with bitreserve.
BM just said bitshares gains it's value from being an exchange when all centralized exchanges fail... that would lead me to believe we should skip making it for the average idiot, and tailor it to traders.
Metatrader 4 is the best trading platform I have used. It's intuitive yet advanced. Indicators are easy to write in mql4 and the barrier to entry is low. There have been thousands of indicators created by regular traders. I know people think poloniex has a great interface, but to tell you the truth, it's garbage. It's boring, plain, and isn't even on par with basic broker platforms from companies like e-trade much less something like Metatrader.
If I showed the current interface to forex traders they would laugh. There are no indicators(not even a moving average), no ability to zoom or pan, orders can't be executed by clicking on the chart, there is no line on the chart indicating where your open positions cost is, no active P/L, no grid option, no dynamic scaling, no ability to change bar colors, no ability to change to line or OHLC style charts. And I can't stress enough that if you want to appeal to traders you need to be able to accommodate stop and take profit orders for open positions! This is by far the main and most important thing to get functioning if you want traders. Most of the other stuff a trader doesn't absolutely need to trade, but they need stops and take profits.
Seriously just look at metatrader 4... download it and open a demo account from one of the dozens of forex brokers that use metatrader as their platform (I use FXCM and Forex.com). Give it a test run and you will see what trading platform needs to be at a minimum. Unless we don't want traders, then all this is null and void.
You can even use mt4 as a frontend with any server side clearing software that plugs into the api... So you can use bitshares as the server giving trade information to mt4 which executes the trades and allows backtesting and algorthmic trading and development. This is a great idea... Ive said 100x gui coding is harder than you think unless you become a gui programmer. So leverage guis that work and mt4 clearly does.
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I leave town for one day and you all let the bottom fall out.
If there is a market need for what BitShares solves then BTS has a future. If there isn't a market need then it will remain small serving a niche. The need for BTS is in times of crisis where decentralized exchanges are needed because all of the centralized exchanges fall down.
.. then lets make try and make the front end as easy and intuitive as possible for the non technical folks who dont give a damn about trading and just want to salvage whatever worthless dollars they still have in to gold and silver. [/color] I can do this in less that 5 clicks with bitreserve.
BM just said bitshares gains it's value from being an exchange when all centralized exchanges fail... that would lead me to believe we should skip making it for the average idiot, and tailor it to traders.
Metatrader 4 is the best trading platform I have used. It's intuitive yet advanced. Indicators are easy to write in mql4 and the barrier to entry is low. There have been thousands of indicators created by regular traders. I know people think poloniex has a great interface, but to tell you the truth, it's garbage. It's boring, plain, and isn't even on par with basic broker platforms from companies like e-trade much less something like Metatrader.
If I showed the current interface to forex traders they would laugh. There are no indicators(not even a moving average), no ability to zoom or pan, orders can't be executed by clicking on the chart, there is no line on the chart indicating where your open positions cost is, no active P/L, no grid option, no dynamic scaling, no ability to change bar colors, no ability to change to line or OHLC style charts. And I can't stress enough that if you want to appeal to traders you need to be able to accommodate stop and take profit orders for open positions! This is by far the main and most important thing to get functioning if you want traders. Most of the other stuff a trader doesn't absolutely need to trade, but they need stops and take profits.
Seriously just look at metatrader 4... download it and open a demo account from one of the dozens of forex brokers that use metatrader as their platform (I use FXCM and Forex.com). Give it a test run and you will see what trading platform needs to be at a minimum. Unless we don't want traders, then all this is null and void.
You can even use mt4 as a frontend with any server side clearing software that plugs into the api... So you can use bitshares as the server giving trade information to mt4 which executes the trades and allows backtesting and algorthmic trading and development. This is a great idea... Ive said 100x gui coding is harder than you think unless you become a gui programmer. So leverage guis that work and mt4 clearly does.
@lil_jay890
@jsidhu
+5% +5% +5% +5% for both of you for your suggestion's
PS I still can't understand why we want to invent the wheal again... Let's combine bts2 vs Metatrader! Superb idea !!!!!!!!!!
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Wowwwwwwwwwwwwwww.....this is just flat out nuts. I feel like the only one who hasn't sold yet, lol. Insanity.
What do you think guys? Have we reached the bottom yet? Not sure how much more my heart can take. :P
BTW, I love how when BTC was crashing to sub $200 levels BTS and all the other alts crashed along with it....now that BTC is finally recovering, BTS and all the alts....crash even harder. No justice I tell ya.
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not sold ...
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Haha, what a funny comment by BM. Bytemaster are you in some crisis right now? Don't be, Bitshares is great and best! PM me if you need company support or so.
Just because all Chinese guys are leaving Bitshares to go long in Bitcoin doesn't mean Bitshares is dying :-D
It is the other way around, now it is time to get people interested in (cheap) Bitshares as this is still the very only Blockchain >2.0 network that (i) works, and (ii) is under very active development. If the price is low - guess what. It is time to buy in and also to finally build some smart applications around the Bitshares environment (e.g., to fix the overly crappy GUI, etc; maybe not in Javascript, hint). Maybe it is even time to think about 100% re-implementing the Bitshares core such that it runs perfectly on server farms and cluster environment (required for large scale payment processing).
Hey, Bitshares is still by far the most innovative "coin" out there! Don't get annoyed by this Bitcoin bubble 2.0 thing -- it will (i) burst, and (ii) there will be need for another more sophisticated technology (like Bitshares) rather soon! Everybody is working on such machinery, while Bitshares already has it.
ps: I would love to store my personal trades in some privat blockchain database on my webserver. Can you offer such a database on Bitshares technology?
pps: I keep buying Bitshares :-)
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Btw, what is the cause of the current Bitshares depression?
(a) People leaving Bitshares to buy Bitcoins?
(b) General lost of interest in Bitshares due to BTS 2.0 machinery?
(c) Is the BitUSD-BTS-link part of "the problem" with the declining BTS/BTC rate?
(d) Are people giving up on Bitshares because the GUI is still buggy?
(e) ...
Just brainstorming here.
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I think that the reason is that the Chinese are pumping bitcoin..Once the pump is over hopefully they might come back and invest in some bitassets and bts..However the bigger problem is that when the btc pump ends bts may not be ready yet...
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Also, WTF is up with BTC38? How do they have $204,901 in BTS volume there if they're not allowing deposits/withdrawals and haven't made the transition to 2.0 yet?
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IT's over ,oh my god.
ruin by polo
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Btw, what is the cause of the current Bitshares depression?
(a) People leaving Bitshares to buy Bitcoins?
(b) General lost of interest in Bitshares due to BTS 2.0 machinery?
(c) Is the BitUSD-BTS-link part of "the problem" with the declining BTS/BTC rate?
(d) Are people giving up on Bitshares because the GUI is still buggy?
(e) ...
Just brainstorming here.
Can you still hold BitBTC?
Does the referral marketing have an effect? We have to wait and see.
BTC could be going to $10,000 though. There isn't any reason why it would stop rising this time except for maybe Max Block Size but that might take a while. Also by 2016 the Block Reward will half anyway so this has been predicted.
It's not Bitshares exclusive. All altcoins are losing BTC at a fast rate. What is important to note is they can all gain BTC back just as fast, but also it's important to note that perhaps the current bubble is from wall street and not tech experts. It might be that the Bitcoin ETFs, the ETNs, the NASDAQ news, and all of that, are allowing hedgefunds and others to buy BTC.
At the same time these entities aren't likely to buy altcoins like in previous bubbles. So it all depends on if regular people start buying BTC or if it's just wall street. Even if it is just wall street eventually wall street will notice Bitshares but it could take months.
Bitshares 2.0 has markets within it which just have to be used. Bitshares 2.0 isn't currently being used while Bitshares 1.0 would have been used in this situation. People would have bought BitAssets.
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I think that the reason is that the Chinese are pumping bitcoin..Once the pump is over hopefully they might come back and invest in some bitassets and bts..However the bigger problem is that when the btc pump ends bts may not be ready yet...
I think this pump is actually coming from Wall Street. What long awaited Wall Street Bitcoin exchange launched in early October? Did you forget about that? What about the Nasdaq experiments?
If Wall Street money starts flowing in the $1000 ATH will be passed like nothing. $10,000 or even $20,000 will be new bubble territory. When a Bitcoin is over $1000 a coin the ordinary people will then think it's too expensive and look to altcoins, but Wall Street don't think that way and don't have the same psychology.
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Btw, what is the cause of the current Bitshares depression?
(a) People leaving Bitshares to buy Bitcoins?
(b) General lost of interest in Bitshares due to BTS 2.0 machinery?
(c) Is the BitUSD-BTS-link part of "the problem" with the declining BTS/BTC rate?
(d) Are people giving up on Bitshares because the GUI is still buggy?
(e) ...
Just brainstorming here.
Can you still hold BitBTC?
Does the referral marketing have an effect? We have to wait and see.
BTC could be going to $10,000 though. There isn't any reason why it would stop rising this time except for maybe Max Block Size but that might take a while. Also by 2016 the Block Reward will half anyway so this has been predicted.
It's not Bitshares exclusive. All altcoins are losing BTC at a fast rate. What is important to note is they can all gain BTC back just as fast, but also it's important to note that perhaps the current bubble is from wall street and not tech experts. It might be that the Bitcoin ETFs, the ETNs, the NASDAQ news, and all of that, are allowing hedgefunds and others to buy BTC.
At the same time these entities aren't likely to buy altcoins like in previous bubbles. So it all depends on if regular people start buying BTC or if it's just wall street. Even if it is just wall street eventually wall street will notice Bitshares but it could take months.
Bitshares 2.0 has markets within it which just have to be used. Bitshares 2.0 isn't currently being used while Bitshares 1.0 would have been used in this situation. People would have bought BitAssets.
water flow from high to low
when money think price of btc is high, money must seed valuable currency with low price .
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
Theres no server side manipulating price feeds which is the weakest link of mt4.. Although some brokers might stand up their own whitelabelled metatrader clients for uia trading, this would essentially remove the brokers from the trading paradaigm and replace it with a decentralized exchange.
Then if we do have brokers joining us we can stand up super servers so we can actually hit 100k tps and show that trades are happening in real time across multiple brokers, but really its the customers of these brokers we are winning over. They just need to pay the $100 fee howver we can market a discount to join for say 6 months to reducd barrier for entry when it is most important.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
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cagara: EtherWizard, as I have nothing left this cannot unveil any position of mine. Well I started with 960 BTC here, margin trading and BTS got my down to 11 BTC
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Also, WTF is up with BTC38? How do they have $204,901 in BTS volume there if they're not allowing deposits/withdrawals and haven't made the transition to 2.0 yet?
I've wondered the same thing about Bter with Qora for 9 months.
How does their "wallet not work" yet they continue accepting deposits/withdrawals/trades.
It's a mystery why I'll never see my Qora again. :-\
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Btw, what is the cause of the current Bitshares depression?
(a) People leaving Bitshares to buy Bitcoins?
(b) General lost of interest in Bitshares due to BTS 2.0 machinery?
(c) Is the BitUSD-BTS-link part of "the problem" with the declining BTS/BTC rate?
(d) Are people giving up on Bitshares because the GUI is still buggy?
(e) ...
Just brainstorming here.
(e) Dan left for 1 day.
:P
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cagara: EtherWizard, as I have nothing left this cannot unveil any position of mine. Well I started with 960 BTC here, margin trading and BTS got my down to 11 BTC
Wow, either he's being a massive lying troll...or he's a truly shit trader who doesn't deserve to have that much money to begin with.
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cagara: EtherWizard, as I have nothing left this cannot unveil any position of mine. Well I started with 960 BTC here, margin trading and BTS got my down to 11 BTC
Wow, either he's being a massive lying troll...or he's a truly shit trader who doesn't deserve to have that much money to begin with.
In his defense, if BTS hadn't just been a massive pump and dump around 2.0 and Devs had actually delivered one like.. ONE of their promises maybe price hadn't dropped 85%
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
I have contacted metatrader in regards to setting up and licensing the terminal for bitshares. I know a license can cost upwards of 100k, but there are companies offering to sell their licenses so there may be a cheaper option.
What I envision:
-website that hosts the metatrader introduction and download page. Also has a link (with referral code) to create a bts wallet.
-newly created wallet links to downloaded metatrader platform
-password and credentials created for accessing account in metatrader
-user sends funds(crypto) to bts wallet and metatrader reflects those funds
-user trades markets in metatrader through bitshares API. Metatrader get price data from bitshares API.
-users can cash out or access their funds by going to the original website and logging into the wallet through there.
Does this sound possible with the current API offered by graphene? I am considering setting this up, but I think it would be an incredible tool for metaexchange or bitshares blocks.
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or he's a truly shit trader who doesn't deserve to have that much money to begin with.
(http://i.giphy.com/kVVKVq4KFqMhy.gif)
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515 sat in poloniex each BTS.
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cagara: EtherWizard, as I have nothing left this cannot unveil any position of mine. Well I started with 960 BTC here, margin trading and BTS got my down to 11 BTC
Wow, either he's being a massive lying troll...or he's a truly shit trader who doesn't deserve to have that much money to begin with.
In his defense, if BTS hadn't just been a massive pump and dump around 2.0 and Devs had actually delivered one like.. ONE of their promises maybe price hadn't dropped 85%
Facts??
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btc38 is going to open deposit and withdrawal this week.
Yunbi will do this tomorrow.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
I have contacted metatrader in regards to setting up and licensing the terminal for bitshares. I know a license can cost upwards of 100k, but there are companies offering to sell their licenses so there may be a cheaper option.
What I envision:
-website that hosts the metatrader introduction and download page. Also has a link (with referral code) to create a bts wallet.
-newly created wallet links to downloaded metatrader platform
-password and credentials created for accessing account in metatrader
-user sends funds(crypto) to bts wallet and metatrader reflects those funds
-user trades markets in metatrader through bitshares API. Metatrader get price data from bitshares API.
-users can cash out or access their funds by going to the original website and logging into the wallet through there.
Does this sound possible with the current API offered by graphene? I am considering setting this up, but I think it would be an incredible tool for metaexchange or bitshares blocks.
+5% for this! +5%
If btc is getting pumped it's only normal btc/bts decreases. If you look in fiat terms, yes, we dropped from the 2.0 pump but it doesn't look as bad as it does in btc. People are overreacting.
What we should be worrying about is providing stable assets so once this pump finishes we can catch a good chunk. That's what we should focus on.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
The metatrader idea is a good one. I envision many such interfaces developed on top of the Bitshares platform. But that should be done by by 3rd parties. And I think it will come in time. But as far as the default wallet goes, we just need a good-enough trading interface, privacy features, properly set fees, and truly pooled liquidity. I hope people can start getting behind these ideas:
https://bitsharestalk.org/index.php/topic,19724.msg253654.html#msg253654
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btc38 is going to open deposit and withdrawal this week.
Yunbi will do this tomorrow.
Whoa wait, really? If so this could be huge for our liquidity.
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btc38 is going to open deposit and withdrawal this week.
Yunbi will do this tomorrow.
Whoa wait, really? If so this could be huge for our liquidity.
Time to pump it up. +5%
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
The metatrader idea is a good one. I envision many such interfaces developed on top of the Bitshares platform. But that should be done by by 3rd parties. And I think it will come in time. But as far as the default wallet goes, we just need a good-enough trading interface, privacy features, properly set fees, and truly pooled liquidity. I hope people can start getting behind these ideas:
https://bitsharestalk.org/index.php/topic,19724.msg253654.html#msg253654
I think we need to seperate dex from crypto account stuff... By depending on a third party to do this you now have a trustful relationship and higher fees through commissions (unless they use referals as revenue model entirely).. You only need the on and off ramps to be trustful.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
I have contacted metatrader in regards to setting up and licensing the terminal for bitshares. I know a license can cost upwards of 100k, but there are companies offering to sell their licenses so there may be a cheaper option.
What I envision:
-website that hosts the metatrader introduction and download page. Also has a link (with referral code) to create a bts wallet.
-newly created wallet links to downloaded metatrader platform
-password and credentials created for accessing account in metatrader
-user sends funds(crypto) to bts wallet and metatrader reflects those funds
-user trades markets in metatrader through bitshares API. Metatrader get price data from bitshares API.
-users can cash out or access their funds by going to the original website and logging into the wallet through there.
Does this sound possible with the current API offered by graphene? I am considering setting this up, but I think it would be an incredible tool for metaexchange or bitshares blocks.
Sounds like a good enough plan for a thread of it's own. Perhaps you could create a thread and link to it back in this thread? +5%
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Whatever the standard API for trading are should be incorporated in DEX.
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cagara: EtherWizard, as I have nothing left this cannot unveil any position of mine. Well I started with 960 BTC here, margin trading and BTS got my down to 11 BTC
Wow, either he's being a massive lying troll...or he's a truly shit trader who doesn't deserve to have that much money to begin with.
In his defense, if BTS hadn't just been a massive pump and dump around 2.0 and Devs had actually delivered one like.. ONE of their promises maybe price hadn't dropped 85%
Facts??
Wow is that real? Cagara lost all his btc?
This is the guy who first was shorting BTS in the 2000s and made a ton when it went down, but then started longing it at like 1400. I guess the extreme crashes we saw that liquidated people here were due to him getting liquidated and losing everything. If what he said is true that is.
The price of my BTS might be utter shit, and I feel tremendous pain that I didnt go all into btc or at least half into btc when bts was at like 2500+, because then I would be doing just fine. But at least I still have over 90% of my bts left, only losing a bit to trades. And at least I have like 10 btc.
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If we can't get the funding for a metatrader license could an open source implementation be used? I don't know anything about trading so I don't know if any of the programs listed in https://bitcointalk.org/index.php?topic=279773.0 (https://bitcointalk.org/index.php?topic=279773.0) would be a good base. If one of them was it could be a very profitable idea to convert them to connect with OL or a stand alone witness node.
The only one that seems to be recently updated is the first on the list tradelink. I dont think they are truly open source anymore though. They have changed their name and I think only portions of the program are open source. That could be good too though. on http://www.pracplay.com/products/glean/guide/connectors/newconnector (http://www.pracplay.com/products/glean/guide/connectors/newconnector) they talk about how to add a new brokerage.
How to add any connector to Glean
Best Option - Broker Partnership
In this option your brokerage firm's programmers will build the connector. This is preferred because it gives the best result for firm, trader and pracplay.
Contact your broker to explain this option and solict their agreement (Majority of connectors are built using this Best Option)
Pracplay will assist by providing documentation, code examples and email support to the connector writer.
You as the user will agree to help test it with Glean and report issues using Ctrl+h.
In exchange for us helping your firm, they agree to send connector source and updates back to Pracplay, so we can distribute them to our 4,000+ registered users.
Pracplay will also provide a free text advertisement for your broker that will be shown at least 10,000 times each month.
Next : To add a broker, please have your brokerage or trading firm contact us.
Does anyone that knows anything about trading think something like this could be integrated into bts?
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As long as you havent been margin called and still hold your bts, do not despair. Most alts got crushed hard by this btc rise, but things will recover. Its not a bts only problem, its an altcoin problem.
If you got margin called my heart goes out to you, it happened to me years ago in the 2008 stock market crash and hurt really bad, but life does go on, eventually it wont hurt much, especially if you manage to make some good money on something again.
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The application model needs to change.. Instead of one gui to do it all you would offer a gui for the cryptqo stuff like sending recieving, privacy, referrals and account management, which the current gui is great for.
Then youd offer the dex over the cli which it does but do a metatrader4 bridge to the api for dex trading. You simply point people over to the client download for the dex and the wallet gui for crypto stuff.
Forex traders would be all over it especially since they can do their own account management, deposit withdrawls without trusting a broker!
I was thinking the same thing... All we would need is to get a metatrader license and may have to do some basic programming to access the API with the metatrader platform. As far as deposits and withdrawals, I think we would have to point the trader to a deposit page on the openledger wallet.
I was thinking they dont need another broker, unless processing fiat, but once in crypto they can do their own account management in the bts crypto wallet. Whatever their crypto wallet balance is, would show up in metatrader4.
I have contacted metatrader in regards to setting up and licensing the terminal for bitshares. I know a license can cost upwards of 100k, but there are companies offering to sell their licenses so there may be a cheaper option.
What I envision:
-website that hosts the metatrader introduction and download page. Also has a link (with referral code) to create a bts wallet.
-newly created wallet links to downloaded metatrader platform
-password and credentials created for accessing account in metatrader
-user sends funds(crypto) to bts wallet and metatrader reflects those funds
-user trades markets in metatrader through bitshares API. Metatrader get price data from bitshares API.
-users can cash out or access their funds by going to the original website and logging into the wallet through there.
Does this sound possible with the current API offered by graphene? I am considering setting this up, but I think it would be an incredible tool for metaexchange or bitshares blocks.
What you are describing is part of what we have plans to do with BunkerDEX. It's just one element to expand the market. There are just a few little tweaks that need to be done with the current API in graphene, but we would be looking at contributing those resources also. Though the cashing out process you are describing can be made much more seamless.
Great minds think alike! ;) +5% for the initiative! Let us know how you progress.
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"Help us
DataSecurityNode BunkerChainLabs, you're our only hope".
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"Help us DataSecurityNode BunkerChainLabs, you're our only hope".
"No, there is another!"
:D
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BTS 30 minute moving averages could give crossover buy signal for the first time since price was at 1300, if we can hold above 800.
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BTS 30 minute moving averages could give crossover buy signal for the first time since price was at 1300, if we can hold above 800.
and then I thought you gave up on crypto days ago :)
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BTS 30 minute moving averages could give crossover buy signal for the first time since price was at 1300, if we can hold above 800.
and then I thought you gave up on crypto days ago :)
I cant stay away from the train wreck.
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why the price has to go into 500 sats during my 4.5h of sleep time... so unfair... so many unrealized gains and such.
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if we can hold above 800.
Highly doubtful.
Once this BTC dip resolves, back down BTS goes.
Buy time was when BTC was at 500.
(these are just my opinions, don't listen to me!)
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if we can hold above 800.
Highly doubtful.
Once this BTC dip resolves, back down BTS goes.
Buy time was when BTC was at 500.
(these are just my opinions, don't listen to me!)
Nope, its alt rally time.
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why the price has to go into 500 sats during my 4.5h of sleep time... so unfair... so many unrealized gains and such.
I am glad i was asleep and never had to see BTS price in the 500s, I would have thrown up.
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Nope, its alt rally time.
Best of luck with that! ;)
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why the price has to go into 500 sats during my 4.5h of sleep time... so unfair... so many unrealized gains and such.
I am glad i was asleep and never had to see BTS price in the 500s, I would have thrown up.
If people offering you a deep discount makes you throw up, you should stay away from investing. I suggest you focus on trading . :)
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The BTC price...
Is this a dagger which I see before me,
The handle toward my hand? Come, let me clutch thee.
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why the price has to go into 500 sats during my 4.5h of sleep time... so unfair... so many unrealized gains and such.
I am glad i was asleep and never had to see BTS price in the 500s, I would have thrown up.
If people offering you a deep discount makes you throw up, you should stay away from investing. I suggest you focus on trading . :)
No, seeing the price of things I already have when I am mostly all in, being sold at a discount makes me want to throw up. :P
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lol, btc's turn to be rekt.
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95 dollar spread from finex to huobi, wtf?
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At least we dont have to feel so bad about not having BTC left, right?
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Given that I know some whale will always dump BTS after I post something bullish to make me took bad, I sold 1.2 btc worth in 850+ range before posting and bought back.
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Given that I know some same whale will always dump BTS after I post something bullish to make me took bad, I sold 1.2 btc worth in 850+ range before posting and bought back.
Having a personal whale you can manipulate simply by posting a word or two is a powerful thing!
Use it wisely!
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Given that I know some same whale will always dump BTS after I post something bullish to make me took bad, I sold 1.2 btc worth in 850+ range before posting and bought back.
Having a personal whale you can manipulate simply by posting a word or two is a powerful thing!
Use it wisely!
Totally. It definitely seems that some whale out there attempts to do the opposite of what I say. Maybe I am just being paranoid.
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People selling bts, they dont want any buy signal to get generated. They just want to wreck anyone trying to margin it over and over lol. I've been making a bit trading some maid and dash.
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lol, btc's turn to be rekt.
Sounds more like butthurt talking than reason. :P
My BTC has doubled up, why not yours?
I'm loving this volatility and would not be surprised if onlookers are too.
I smell more new blood coming into the BTC waters after the 5th.
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BTS 30 min chart looking good and close to generating buy signal.
HINT HINT to whale who wants to kill it, this is your chance to dump again! :P
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lol, btc's turn to be rekt.
Sounds more like butthurt talking than reason. :P
My BTC has doubled up, why not yours?
I'm loving this volatility and would not be surprised if onlookers are too.
I smell more new blood coming into the BTC waters after the 5th.
Some BTC I bought on coinbase that they havent even finished sending me yet was up over 50% from where I bought it at one point. :P
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The transfer our from yuan to where ever the Chinese were moving their money appears to be done.
All the crypto land laid in ruins.
Seriously we need to get off pegging to BTC
https://bitcoinwisdom.com/markets/bitstamp/btcusd
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Given that I know some same whale will always dump BTS after I post something bullish to make me took bad, I sold 1.2 btc worth in 850+ range before posting and bought back.
Having a personal whale you can manipulate simply by posting a word or two is a powerful thing!
Use it wisely!
Totally. It definitely seems that some whale out there attempts to do the opposite of what I say. Maybe I am just being paranoid.
Ur paranoid.. Market will always do opposite of what the herd thinks.. Its how moneyis made most efficiently.
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Lets do the opposite of what Ander says then, we gonna be rich kkkkk
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BTC can rise and rise and rise. Why not $36 billion? Perhaps then BitShares will finally move to 360 million where it belongs.
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A 30 minute close above 800 sats here generates the short term buy signal.
Not that anyone cares anymore, or that it will actually work, because whales will probably just keep dumping it to hell anyway and margin calling everyone. :P
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Lets do the opposite of what Ander says then, we gonna be rich kkkkk
I am literally doing the opposite of what I say right now and making money from it. :P
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some of you are very entertaining about bitcoin. Those posts remind me of Tulip Mania. We have to remember bitcoin has more liquidity than in 2014 or 2013. It's not a Netherlands tulip. I think it's steady price around $300 says something about the approximate demand for bitcoin. And why would that variable change drastically? - I don't see why.
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Nice, 720 again. thanks.
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Lol, upper 800s minutes after i get some at 720.
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All I know is, as soon as this shitcoin BTC tops out in a few years I'm all in on BitShares. ;)
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All I know is, as soon as this shitcoin BTC tops out in a few years I'm all in on BitShares. ;)
Here is how much energy btc will be using for mining in a few years! and No, it won't be energy eficient! ;D
(http://i.imgur.com/5tIsTG7.jpg)
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Someone get margin called again or something?
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Well I made 1.7 btc in the past two days trading stuff, mostly maid at huge spreads. But it doesnt make up for bts dropping.
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Someone get margin called again or something?
?
It is been happening on an hourly bases the whole day....in one market or another.
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Someone get margin called again or something?
?
It is been happening on an hourly bases the whole day....in one market or another.
Very true.
It feels to me like someone margin bought it up to 870 and then got margin called an hour later down to 650. To which I would say: everyone stop margining BTS. :P
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omg
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How much money would it take to margin call the BTS shorts and kick of a short squeeze?
How much money would it take to wipe out the margin longs?
Is there any way to estimate this?
It seems like all of this margin trading is just begging for a whale to clean up, and it appears that is what is going on.
I just never got around to figuring out how whales make money via manipulation. It seems very risky. If you were a whale with 250 BTC what would you do to profit from all of this? (Aside from the obvious margin long BTS :) )
Is 250 BTC even enough to do anything meaningful? Or do you need more like 1000 BTC. Given the size of the BTS order books, 250 BTC would be 2x the current buy side.
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Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.
Do it BM! We'll be rooting for ya. :P.
(https://i.ytimg.com/vi/Zdf7Afgfq8Q/maxresdefault.jpg)
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How much money would it take to margin call the BTS shorts and kick of a short squeeze?
How much money would it take to wipe out the margin longs?
Is there any way to estimate this?
When we are at 3000 satoshi, about 200 btc in a market buy couldve margin called every short and spiked us to about 5000. But it would have come back down, it just wouldve ruined htsoe shorts and given free btc to some bts holders who sold.
Right now there arent any bts shorts anymore, they all covered on the drop.
To margin call all the longs, it depends on whether anyone is long at any given time, but basically all it takes is a market dump of about 5M bts onto polo, and you begin a cascade margin call that wipes everyone out, just as has happened a half dozen times so far during the decline.
It seems like all of this margin trading is just begging for a whale to clean up, and it appears that is what is going on.
Thats exactly what has happened.
Our community got crushed by some whales who margin called a bunch of us. We didnt have enough BTC left at the top to margin call them when they were shorting sadly. (But I am sure we did margin call some shorts at least three times on the way up form 1400 to 3000).
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Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.
Do it BM! We'll be rooting for ya. :P.
Yeah... if I only had 250 BTC :) I would have to margin my BTS and with my trading luck it would absolutely backfire.
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As a note, if you are going to put in 250 btc to support the price, dont just spike it. There arent any shorts right now to force to cover.
Just put in 10-20 btc a day for a couple weeks and support the price. That will stabilize us and help the price to begin a new uptrend hopefully.
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Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.
Do it BM! We'll be rooting for ya. :P.
Yeah... if I only had 250 BTC :) I would have to margin my BTS and with my trading luck it would absolutely backfire.
You realize that on polo you can use BTS as collateral to by BTS on margin, right?
Whatever Ander says about margin trading is only partially correct. If you borrow up to[but not more than] 50% of your collateral one is pretty safe. I have never been called doing it.
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Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.
Do it BM! We'll be rooting for ya. :P.
Yeah... if I only had 250 BTC :) I would have to margin my BTS and with my trading luck it would absolutely backfire.
You realize that on polo you can use BTS as collateral to by BTS on margin, right?
Whatever Ander says about margin trading is only partially correct. If you borrow up to[but not more than] 50% of your collateral one is pretty safe. I have never been called doing it.
Bytemaster, do not margin your BTS on polo. :P
This is literally exactly what caused a bunch of people here to get margin called and lose all their BTS.
You will lose it if you try, and then we will have a lead developer who lost all his BTS, and when you get margin called it will take BTS down to zero.
The main reason that BTS price dropped so low is that a bunch of community members lost all their BTS and all of that supply is now floating around out there in the hands of traders who dont really want it, who instead want BTC back.
If you margin your BTS on polo it will LITERALLY end this project.
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You can margin call with your own BTS, this is what I did just now.
For example, make a 100 000 BTS deposit and you can margin call (long in my case). Just be very careful to have a large marge (Est. Liquidation Price 175 in my case).
This is the way I found to buy BTS with no money. If you do it cleverly (say buy 10 000 BTS for a deposit of 100 000 BTS), it should be ok. If every BTS holder do it margin dumpers are dead.
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Well a 250 BTC buy would push the price up to 1700 sat...I imagine that would do something heh.
Do it BM! We'll be rooting for ya. :P.
Yeah... if I only had 250 BTC :) I would have to margin my BTS and with my trading luck it would absolutely backfire.
You realize that on polo you can use BTS as collateral to by BTS on margin, right?
Whatever Ander says about margin trading is only partially correct. If you borrow up to[but not more than] 50% of your collateral one is pretty safe. I have never been called doing it.
Bytemaster, do not margin your BTS on polo. :P
This is literally exactly what caused a bunch of people here to get margin called and lose all their BTS.
You will lose it if you try, and then we will have a lead developer who lost all his BTS, and when you get margin called it will take BTS down to zero.
The main reason that BTS price dropped so low is that a bunch of community members lost all their BTS and all of that supply is now floating around out there in the hands of traders who dont really want it, who instead want BTC back.
If you margin your BTS on polo it will LITERALLY end this project.
What you are saying is you do not want whales supporting the price, only whales dumping on BTS?
and as brads said above it can be done with much lower % like 10%.
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I do not want Bytemaster risking all his BTS as collateral in an attempt to drive up the price, probably resulting in peopel dumping on him and then him getting margin called, and all his BTS being liquidated.
If bytemaster had 250 btc and was going to buy and hold BTS with it not on margin that would be amazing. But him gambling all his BTS and losing it just like various forum members did that you can see in this thread, would be the absolute death of the project.
Also you must understand the panic that would be caused by bytemaster transferring 75M bts to poloniex, visible on open ledger. A bunch of traders would think the lead dev had given up on the project and was cashing out, and the price would go to nothing.
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I do not want Bytemaster risking all his BTS as collateral in an attempt to drive up the price, probably resulting in peopel dumping on him and then him getting margin called, and all his BTS being liquidated.
If bytemaster had 250 btc and was going to buy and hold BTS with it not on margin that would be amazing. But him gambling all his BTS and losing it just like various forum members did that you can see in this thread, would be the absolute death of the project.
Also you must understand the panic that would be caused by bytemaster transferring 75M bts to poloniex, visible on open ledger. A bunch of traders would think the lead dev had given up on the project and was cashing out, and the price would go to nothing.
He has several times more BTS on polo than what FMV transferred there....also shorting whatever on the dex itself is not exactly riskless, I see your point though..
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I do not want Bytemaster risking all his BTS as collateral in an attempt to drive up the price, probably resulting in peopel dumping on him and then him getting margin called, and all his BTS being liquidated.
If bytemaster had 250 btc and was going to buy and hold BTS with it not on margin that would be amazing. But him gambling all his BTS and losing it just like various forum members did that you can see in this thread, would be the absolute death of the project.
Also you must understand the panic that would be caused by bytemaster transferring 75M bts to poloniex, visible on open ledger. A bunch of traders would think the lead dev had given up on the project and was cashing out, and the price would go to nothing.
BM alone does not control the fate of BTS, your right that him moving funds around might cause panic but in the end, they are his to liquidate as he sees fit, if a margin call were to happen or he were to actually bail, a number of other core community devs (including freebie) would no doubt be willing to step in and help out wherever needed, not saying this wouldn't hurt bts but look at its price right now, it doesn't really matter what happens to it as long as the core backers understand this product is going somewhere and do not panic.
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Bytemaster, I do think it might be worth having you experiment with polo with smaller amounts of bts, because you could then get experience with the polo margin system, which works really well, and implement a bitshares margin system that does the same thing.
I just dont want to see out lead dev gambling all his bts away on margin. Remember, a bunch of people here thought they could do this and make money, and they lost all or most of their bts instead.
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I think this is not a one man task. Don't ask BM to transfer his BTS to polo, every BTS supporter should margin buy a small amount of its BTS safely. As I said, I think an estimated liquidation price around 100 sat is almost risk free, and loan fees are negligible. You even can put a buy lower than current price 600 sat), just to increase buy orders sum.
My 2 BTS
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Bytemaster, I do think it might be worth having you experiment with polo with smaller amounts of bts, because you could then get experience with the polo margin system, which works really well, and implement a bitshares margin system that does the same thing.
I just dont want to see out lead dev gambling all his bts away on margin. Remember, a bunch of people here thought they could do this and make money, and they lost all or most of their bts instead.
I was talking about small amounts as well...like 30-40Mil not more. :)
well
https://blockchain.info/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF
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Even safer, margin call buy at 600 sat with an est. liquidation price of 100 sat and add another margin buy at 150 sat. This way even (unlikely) a whale shorter put the price downto 100 sat you can mitigate the loss. 1/3 buy 600 sat (or a real buy) and 2/3 150 sat is zero risk. Anyway if price goes below 100 sat your BTS is worth nothing so...
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The lead dev of a startup company project really should not be gambling with his equity in the startup on margin.
But thats just me. :P
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Lead dev no, but you can and every BTS holder could.
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Lead dev no, but you can and every BTS holder could.
Yeah but I think as a community we need to be more careful. Too many people in here got burned on this downtrend and lost their bts by margining. Try to buy fully paid for more, and use smaller margin leverage you guys!
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I've profited 3 times margin long bts in the last few days. first time I have ever been tempted to margin trade. before I was on btc38. maybe I have been lucky. I am mostly going long around 0.003 cents. because btc is volatile I'm eager to close out my positions ASAP.
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Not really looking to go broke :)
I was just curious on a hypothetical level how a whale with 50M BTS would profit from manipulations
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Not really looking to go broke :)
I was just curious on a hypothetical level how a whale with 50M BTS would profit from manipulations
The way the whales have been doing it is:
1) Put in large buy orders slightly below the current price as support (this requires BTC, not BTS, you need to not be on margin yourself to do this trick). Place other orders well below the current price.
2) Wait until foolish BTS true believers margin up heavily, relying upon your orders that are near the price.,
3) Remove your near-the-price large buy support, and simultaneously market dump millions of BTS onto the market in a short period of time. Watch as the foolish BTS true believers get margin called by the polo system, causing them to liquidate into your orders that were way below the previous price.
Net result, you sold a bunch of BTS and got it right back at a lower price due to the margin calls, making a profit.
Repeat this over and over as long as you have more BTS believers willing to margin.
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There was a situation a couple of days ago where a 50btc market buy would have been enough to double the price and a 50btc market sell would half the price.
This was on poloniex which has the deepest BTS books.
this means a whale could drop the BTS/USD feed and create black swan events on bitshares which could be beneficial.
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Lead dev no, but you can and every BTS holder could.
yep. i'm sure what Dan said wasn't serious (well I see he already mentioned it), but let's not give fudders more ideas.
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big whales don't know where others margin calls are or even if there are any margin longs at all.
so when they dump bts fast to try and trigger others margin calls they are kind of guessing and hoping there is a lot of margin longs.
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Bytemaster, good questions. I think there is no free lunch here. Any strategy can backfire.
As outsiders, we don't see the individual margin short and long positions inside Poloniex, so it's easy to make the wrong trade. The closest we can come is what is transparent on the blockchain. For example, here's a user with 40+ million BTS that (so far) appears to be selling in sizable chunks. https://bitshares.openledger.info/#/account/trust/overview
To be honest, it concerns me that the BTS lead dev is considering trading for profit. Active trading takes practice, is risky, and is basically a profession in and of itself. The best analogy I can think of right now is that of a poker game: pros make money, but most people lose. It's wise to leave such activity to the pros (and speculators).
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One more thing: it makes my eyebrows go up when everyone encourages each other to buy BTS with borrowed money. That is not investing -- it's gambling. Slow and steady wins the race.
Sorry for our loss :(
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Just to be clear, I have never considered trading for profit because everything I have seen is a "gamble" and not a sure bet.
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Just to be clear, I have never considered trading for profit because everything I have seen is a "gamble" and not a sure bet.
I think we all got a little overexcited from your questions. No worries. :)
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If the following were told to me:
- Crazy manipulation by (an organized gang of?) traders on Poloniex is leaching value from BitShares, hurting the whole project
- There is a person or a body of people, trusted by the BitShares community, with the ability to fight back on Poloniex for the benefit BitShares
- This trusted entity has a trading plan which has been 'audited' to the satisfaction of the community. (Analyzed behind closed doors by a select few if necessary)
- The plan is risky and could backfire, but there is a good chance of success
- The amount of BTS needed to operate the plan is great
- The amount of BTS needed could be pooled by creating a User Issued Asset and selling it to BitShares supporters (or to people who want to speculate, anticipating a cut of any profit)
- There are loads of people on bitsharestalk who have stated that they'd like to allocate a proportion of their BTS into buying this UIA
then I would say, "Oh, I'm definitely interested in buying a chunk of such a UIA, but I know nothing about trading and would like to see what others think of this idea on bitsharestalk".
That is all...
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There was a situation a couple of days ago where a 50btc market buy would have been enough to double the price and a 50btc market sell would half the price.
This was on poloniex which has the deepest BTS books.
this means a whale could drop the BTS/USD feed and create black swan events on bitshares which could be beneficial.
Such spikes dont last long, they just give money for free to the peopel who had orders on the books.
Real movements that last take more BTC to pull off, and they require you to continually put in orders supporting the price. But this is a better way to do it, because you end up buying at much better prices.
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well bts supporters could just create an hedge fund and trade with massive amounts supporting the price.
Longs on Shorts - The Saga
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@Ander
What you fail to see and take into consideration is that a price drop to 542 sat right this moment will cause a blackswan in bitBTC; to 425 in bitUSD as well, it will be much worse PR than BM losing several mil BTS...
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If the following were told to me:
- Crazy manipulation by (an organized gang of?) traders on Poloniex is leaching value from BitShares, hurting the whole project
- There is a person or a body of people, trusted by the BitShares community, with the ability to fight back on Poloniex for the benefit BitShares
- This trusted entity has a trading plan which has been 'audited' to the satisfaction of the community. (Analyzed behind closed doors by a select few if necessary)
- The plan is risky and could backfire, but there is a good chance of success
- The amount of BTS needed to operate the plan is great
- The amount of BTS needed could be pooled by creating a User Issued Asset and selling it to BitShares supporters (or to people who want to speculate, anticipating a cut of any profit)
- There are loads of people on bitsharestalk who have stated that they'd like to allocate a proportion of their BTS into buying this UIA
then I would say, "Oh, I'm definitely interested in buying a chunk of such a UIA, but I know nothing about trading and would like to see what others think of this idea on bitsharestalk".
That is all...
LOL. Now there is an idea. If being a whale was so profitable then I am sure you would see funds set up doing just this! The fact that there are no funds like this out there tells me all I need to know about the effectiveness of being a whale and manipulating the price for profit.
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If the following were told to me:
- Crazy manipulation by (an organized gang of?) traders on Poloniex is leaching value from BitShares, hurting the whole project
I actually don't think this explanation is likely over the medium or long term. As nice as it is to think that extended downturns are "manipulation" by a select few, it's more reasonable to think that there is simply a lower aggregate demand for BTS, relative to supply, than there was in the past.
Basically, markets gonna market. If the project is a success, the price will follow.
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Basically, markets gonna market. If the project is a success, the price will follow.
Agreed. The manipulation only worked because of a combination of Bitshares 2.0 not being up to some peopels expectations + sell the news drop + bitcoin rallying hard causing all alts to drop.
The market determined Bitshares must fall. The actual method of how it fell ended up being as described, with some whales profiting and some margin users getting liquidated.
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if you can see all user's balance, and margin call price, you can do it.
if you can't, don't do it. you are killing yourself.
polo can dump user's BTS to force your margin call easily. buy back BTS return to the users.
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One more thing: it makes my eyebrows go up when everyone encourages each other to buy BTS with borrowed money. That is not investing -- it's gambling. Slow and steady wins the race.
Sorry for our loss :(
I totally agree. When people are going crazy margin on BTS it makes me want to sell, because it means the price it is at is nto really sustainable because those people have to sell later to cover.
If I had known just how much people were margin longing at the top of the september pump I wouldve sold and been in better shape now. :P
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Using BTS as collateral is a very bad idea. If you have BTC, buy BTS outright but dont get tempted to get more by putting those BTS in collateral.
Learn from someone who lost everything by doing that.
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If the following were told to me:
- Crazy manipulation by (an organized gang of?) traders on Poloniex is leaching value from BitShares, hurting the whole project
- There is a person or a body of people, trusted by the BitShares community, with the ability to fight back on Poloniex for the benefit BitShares
- This trusted entity has a trading plan which has been 'audited' to the satisfaction of the community. (Analyzed behind closed doors by a select few if necessary)
- The plan is risky and could backfire, but there is a good chance of success
- The amount of BTS needed to operate the plan is great
- The amount of BTS needed could be pooled by creating a User Issued Asset and selling it to BitShares supporters (or to people who want to speculate, anticipating a cut of any profit)
- There are loads of people on bitsharestalk who have stated that they'd like to allocate a proportion of their BTS into buying this UIA
then I would say, "Oh, I'm definitely interested in buying a chunk of such a UIA, but I know nothing about trading and would like to see what others think of this idea on bitsharestalk".
That is all...
LOL. Now there is an idea. If being a whale was so profitable then I am sure you would see funds set up doing just this! The fact that there are no funds like this out there tells me all I need to know about the effectiveness of being a whale and manipulating the price for profit.
first rule of ...
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Learn from someone who lost everything by doing that.
Where's the guy that won everything doing that? He's never around it seems. ;)
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Learn from someone who lost everything by doing that.
Where's the guy that won everything doing that? He's never around it seems. ;)
If you had just won everything where would you be?
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If you had just won everything where would you be?
Why would I tell you? :P
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If you had just won everything where would you be?
Why would I tell you? :P
I'm doing market research.
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The way I trade, mainly I don't trade, this is what I have done for the past 2 years.
Look at the code, see development progress and development communications (bytemaster), and buy a little (or lots depends on your view). Obviously like everybody here who has followed the strategy, if I have waited 2 years I would have now 10x what I have now. But I would not know so much about the project and its potential.
I don't know if my investment has gone directly to development or traders, but all maintain the project alive :)
PS I did not buy anything when there was no progress on GitHub. You know what I mean.
Edit: Also I swear a little when the price goes down.
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Edit: Also I swear a little when the price goes down.
Me too ... but after websummit I won't any more :D
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Edit: Also I swear a little when the price goes down.
Me too ... but after websummit I won't any more :D
I am doing the opposite, I LOVE these low prices! 8)
What is the websummit URL?
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I'm still holding onto my BTS. But I am still trying not to confuse the conversion of BTS to USD as for BTS to BTC.
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@Ander
What you fail to see and take into consideration is that a price drop to 542 sat right this moment will cause a blackswan in bitBTC; to 425 in bitUSD as well, it will be much worse PR than BM losing several mil BTS...
What do u mean by blackswan? Also, what is bitUSD and where do I find that asset?
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@Ander
What you fail to see and take into consideration is that a price drop to 542 sat right this moment will cause a blackswan in bitBTC; to 425 in bitUSD as well, it will be much worse PR than BM losing several mil BTS...
What do u mean by blackswan? Also, what is bitUSD and where do I find that asset?
bitUSD is just written as USD under the market pegged assets list.
A blackswan means there is insufficient collateral to buy back all bitUSD in existence, in which case all bitUSD will be reset at the current BTS value.
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@Ander
What you fail to see and take into consideration is that a price drop to 542 sat right this moment will cause a blackswan in bitBTC; to 425 in bitUSD as well, it will be much worse PR than BM losing several mil BTS...
What do u mean by blackswan? Also, what is bitUSD and where do I find that asset?
bitUSD is just written as USD under the market pegged assets list.
A blackswan means there is insufficient collateral to buy back all bitUSD in existence, in which case all bitUSD will be reset at the current BTS value.
http://cryptofresh.com/a/USD
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@Ander
What you fail to see and take into consideration is that a price drop to 542 sat right this moment will cause a blackswan in bitBTC; to 425 in bitUSD as well, it will be much worse PR than BM losing several mil BTS...
What do u mean by blackswan? Also, what is bitUSD and where do I find that asset?
bitUSD is just written as USD under the market pegged assets list.
A blackswan means there is insufficient collateral to buy back all bitUSD in existence, in which case all bitUSD will be reset at the current BTS value.
http://cryptofresh.com/a/USD
Ok, found it. Hmm, the current price rate is 327.74 BTS per USD. There are only 108,450 USD issued so far. So the one could rebuy all USDs with just 32.7 million BTS. Why there is insufficient BTS collateral then?
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Does that mean the supply of bitUSD should equal to the BTS marketcap (in terms of USD) to prevent blackswan?
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Please read the whitepaper:
docs.bitshares.eu
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If the following were told to me:
- Crazy manipulation by (an organized gang of?) traders on Poloniex is leaching value from BitShares, hurting the whole project
- There is a person or a body of people, trusted by the BitShares community, with the ability to fight back on Poloniex for the benefit BitShares
- This trusted entity has a trading plan which has been 'audited' to the satisfaction of the community. (Analyzed behind closed doors by a select few if necessary)
- The plan is risky and could backfire, but there is a good chance of success
- The amount of BTS needed to operate the plan is great
- The amount of BTS needed could be pooled by creating a User Issued Asset and selling it to BitShares supporters (or to people who want to speculate, anticipating a cut of any profit)
- There are loads of people on bitsharestalk who have stated that they'd like to allocate a proportion of their BTS into buying this UIA
then I would say, "Oh, I'm definitely interested in buying a chunk of such a UIA, but I know nothing about trading and would like to see what others think of this idea on bitsharestalk".
That is all...
LOL. Now there is an idea. If being a whale was so profitable then I am sure you would see funds set up doing just this! The fact that there are no funds like this out there tells me all I need to know about the effectiveness of being a whale and manipulating the price for profit.
There isn't enough money to be made for mainstream funds. A couple hundred thousand dollars is small to them. I am sure that if there were millions to be made...they would be here.
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poloniex disable withdraw
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They just need to top up the BTS in the poloniexwallet account.
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poloniex disable withdraw
opened a ticket there...
(last time they topped up their account a couple of hours later and sent me my funds)
PS they have 3 BTS in there :P
https://bitshares.openledger.info/#/account/poloniexwallet/overview
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You can margin call with your own BTS, this is what I did just now.
For example, make a 100 000 BTS deposit and you can margin call (long in my case). Just be very careful to have a large marge (Est. Liquidation Price 175 in my case).
This is the way I found to buy BTS with no money. If you do it cleverly (say buy 10 000 BTS for a deposit of 100 000 BTS), it should be ok. If every BTS holder do it margin dumpers are dead.
This is exactly what everyone of us including BM should have been doing..The level of comfort depends to each of us..Since I didn't have much BTS and I wanted to support the price, I got margin long with my bts as collateral but unfortunately not having a lot of comfort I played a very risky game and lost big time..Someone with millions BTS may support the price by creating walls and have a lot of comfort not to get margin called since he would use for 1 mil BTS to buy 300k BTS and not 2.5 mil BTS..
We all want to trade eventually in our platform but until this is ready we could have supported the price in Polo, BTS become expensive, people want to learn what is BTS and gradually we move on from Polo to our DEX..
Instead of that even people preaching about BTS in here all the time, when they show the dumping started to dump as well and once the dumping starts it never ends..Even at this level and with BTC retracing there is no buy support in Polo..Hence in the future we will end up with a great product, "worthless" BTS and desperate hodlers who for the last two years have supported the project losing their money..
Anyway...
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You can margin call with your own BTS, this is what I did just now.
For example, make a 100 000 BTS deposit and you can margin call (long in my case). Just be very careful to have a large marge (Est. Liquidation Price 175 in my case).
This is the way I found to buy BTS with no money. If you do it cleverly (say buy 10 000 BTS for a deposit of 100 000 BTS), it should be ok. If every BTS holder do it margin dumpers are dead.
This is exactly what everyone of us including BM should have been doing..The level of comfort depends to each of us..Since I didn't have much BTS and I wanted to support the price, I got margin long with my bts as collateral but unfortunately not having a lot of comfort I played a very risky game and lost big time..Someone with millions BTS may support the price by creating walls and have a lot of comfort not to get margin called since he would use for 1 mil BTS to buy 300k BTS and not 2.5 mil BTS..
We all want to trade eventually in our platform but until this is ready we could have supported the price in Polo, BTS become expensive, people want to learn what is BTS and gradually we move on from Polo to our DEX..
Instead of that even people preaching about BTS in here all the time, when they show the dumping started to dump as well and once the dumping starts it never ends..Even at this level and with BTC retracing there is no buy support in Polo..Hence in the future we will end up with a great product, "worthless" BTS and desperate hodlers who for the last two years have supported the project losing their money..
Anyway...
This is interesting...to hear strategies that BTS holders can use not just to HODL BTS...but take active steps to support BTS price with varies levels of risk.
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You can margin call with your own BTS, this is what I did just now.
For example, make a 100 000 BTS deposit and you can margin call (long in my case). Just be very careful to have a large marge (Est. Liquidation Price 175 in my case).
This is the way I found to buy BTS with no money. If you do it cleverly (say buy 10 000 BTS for a deposit of 100 000 BTS), it should be ok. If every BTS holder do it margin dumpers are dead.
This is exactly what everyone of us including BM should have been doing..The level of comfort depends to each of us..Since I didn't have much BTS and I wanted to support the price, I got margin long with my bts as collateral but unfortunately not having a lot of comfort I played a very risky game and lost big time..Someone with millions BTS may support the price by creating walls and have a lot of comfort not to get margin called since he would use for 1 mil BTS to buy 300k BTS and not 2.5 mil BTS..
We all want to trade eventually in our platform but until this is ready we could have supported the price in Polo, BTS become expensive, people want to learn what is BTS and gradually we move on from Polo to our DEX..
Instead of that even people preaching about BTS in here all the time, when they show the dumping started to dump as well and once the dumping starts it never ends..Even at this level and with BTC retracing there is no buy support in Polo..Hence in the future we will end up with a great product, "worthless" BTS and desperate hodlers who for the last two years have supported the project losing their money..
Anyway...
This is interesting...to hear strategies that BTS holders can use not just to HODL BTS...but take active steps to support BTS price with varies levels of risk.
Bytemaster should put it step by step in his blog then.
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This is interesting...to hear strategies that BTS holders can use not just to HODL BTS...but take active steps to support BTS price with varies levels of risk.
Bondmarket :D
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The main reason that BTS price dropped so low is that a bunch of community members lost all their BTS and all of that supply is now floating around out there in the hands of traders who dont really want it, who instead want BTC back.
That is a keen observation, and dead on true.
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BTS just broke the bollinger band top for the first time in AGES and the sell side is withdrawing. Could be a quick ride to 0.000014 as first stop. I'm buying at this point (About 100 BTC position)
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BTS just broke the bollinger band top for the first time in AGES and the sell side is withdrawing. Could be a quick ride to 0.000014 as first stop. I'm buying at this point (About 100 BTC position)
Yeah I bought some too with some profits from trades the past several days. Time for everyone that panic sold the bottom to fomo back in, lol!
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BTS 2.0 is fine. Its not perfect but its not like its seriously broken or anything that would warrant the selloff way below 1400.
* The Chinese exchanges (btc38/yunbi) fixed their problems and upgraded to 2.0, and reopened deposits and withdrawals. No more being worried about fractional reserves or worried that they will never upgrade or might even try to stick with BTS 0.9 and make a fork chain or something crazy like that.
* Chinese money can once again buy into BTS.
* Referral program is finally working, so people can begin promotions.
* We have some positive discussions going on about how to improve the things that people dont like about BTS, namely fees and UI stuff.
And most importantly: BTS is currently deflationary!! The only worker right now is the fund to pay for user asset fees. This is not an account that is going to get sent to polo or btc38 and dumped on the market, its to help people use assets, it doesnt represent any "real" inflationary pressure. The rest of the potential inflation is going to the recycle400k worker which means its going straight back into the reserve and is also not inflationary. Fees are exceeding the payment to witnesses, and with no workers actually taking BTS to be sold right now, real supply is going down! That means everyone's BTS is slowly representing a larger stake of the whole system. Very slowly right now, but whats really important is that its not inflating!
Also everyone panic sold about as hard as is possible, and people got liquidated, so most weak hands are probably out right now, and most of the people in BTS now are those that held through the drop and probably wont want to sell until its back up to reasonable prices, or smart money that bought the panic.
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BTS 2.0 is fine. Its not perfect but its not like its seriously broken or anything that would warrant the selloff way below 1400.
* The Chinese exchanges (btc38/yunbi) fixed their problems and upgraded to 2.0, and reopened deposits and withdrawals. No more being worried about fractional reserves or worried that they will never upgrade or might even try to stick with BTS 0.9 and make a fork chain or something crazy like that.
* Chinese money can once again buy into BTS.
* Referral program is finally working, so people can begin promotions.
* We have some positive discussions going on about how to improve the things that people dont like about BTS, namely fees and UI stuff.
And most importantly: BTS is currently deflationary!! The only worker right now is the fund to pay for user asset fees. This is not an account that is going to get sent to polo or btc38 and dumped on the market, its to help people use assets, it doesnt represent any "real" inflationary pressure. The rest of the potential inflation is going to the recycle400k worker which means its going straight back into the reserve and is also not inflationary. Fees are exceeding the payment to witnesses, and with no workers actually taking BTS to be sold right now, real supply is going down! That means everyone's BTS is slowly representing a larger stake of the whole system. Very slowly right now, but whats really important is that its not inflating!
Also everyone panic sold about as hard as is possible, and people got liquidated, so most weak hands are probably out right now, and most of the people in BTS now are those that held through the drop and probably wont want to sell until its back up to reasonable prices, or smart money that bought the panic.
Agree with all this. In fact, I even margin longed BTS just now, 2.5x lol. My first time playing with margin, curious to see how it is. (only risking 5,000 BTS as collateral though, heh. Not looking to implode here).
Glad to see you're still with us Ander. Thought we might have lost you that other day.
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Agree with all this. In fact, I even margin longed BTS just now, 2.5x lol. My first time playing with margin, curious to see how it is. (only risking 5,000 BTS as collateral though, heh. Not looking to implode here).
Fortunately 5000 is basically nothing, so thats not really much of a risk. But I hope our rise can be from real buying not just margin buys that will result in sells later.
Glad to see you're still with us Ander. Thought we might have lost you that other day.
Just trying to manipulate sentiment. :P
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Whats with the gigantic sell wall at 1700 ?? is that there to help keep prices down ?
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Whats with the gigantic sell wall at 1700 ?? is that there to help keep prices down ?
It is to make the # of shares for sale versus buy support look really bad, so that people will sell. Because some people just compare sell vs buy support.
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This all probably means its time to dump bts again or something, lol.
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I look at things a bit differently. Some a* hole with a lot of bts is pushing the price down to gather more.
Eventually when said a* hole is happy they will allow the price to rise. They will then start the old p-n-d routine until everyone is properly screwed once again.
They will then have enough bts to create havoc on the bts platform as they will be a really big fish there. So we are basically transplanting/cloning some a* hole whales to the bts platform from polo :D
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I'm not a trader at all but the following has crossed my mind since the 2.0 launch..
a) Central exchanges have access to inside info that allows them to manipulate the price of BTS if they wanted to. Such as how many are long / short. They can also put in fake orders / buys and nobody would ever know as long as both sides of the trade are fake.
b) With the 2.0 launch Bitshares is basically saying we are going to compete with and potentially destroy central exchanges.
So would it not be in the best interest of the central exchanges to get BTS so low that the project dies? Could they crash the price if they really wanted to?
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b) With the 2.0 launch Bitshares is basically saying we are going to compete with and potentially destroy central exchanges.
Any centralized exchange can join Bitshares and use it as their back end to reduce their costs, and can make money off referrals to refer their customers.
So really we arent trying to destroy any centralized exchanges, just get them to join us.
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b) With the 2.0 launch Bitshares is basically saying we are going to compete with and potentially destroy central exchanges.
Any centralized exchange can join Bitshares and use it as their back end to reduce their costs, and can make money off referrals to refer their customers.
So really we arent trying to destroy any centralized exchanges, just get them to join us.
Correct i meant exchanges that don't want to join because they will lose there inside info by being on a transparent ledger or simply because its a platform they don't fully control etc. I agree it would be great if they all joined, but if they dont want to then we are a threat.
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I have a gut feeling...1500-1600 sat real soon.
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I have a gut feeling...1500-1600 sat real soon.
As soon as 1k breaks it's a free ride back to 1400, then we shall see. No shorters left and all the dumped coin is now in the hands of holders. I plan on holding past 2000.
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I have a gut feeling...1500-1600 sat real soon.
This is definitely not that it might seem. Looks like a cheap trick to make everyone open longs and then smack the shit out of it all the way down to 700. Something is wrong here. Still watching.
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I wonder how many idiots are there who would ever margin trade in a market of this size? ETH is one thing, but enabling the margin on BTS market is just fucking absurd. And dumbfucks from polo trollbox who were crying over their losses 3 days back, still keep talking up their margin positions... How could people physically be that stupid?
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I wonder how many idiots are there who would ever margin trade in a market of this size? ETH is one thing, but enabling the margin on BTS market is just fucking absurd. And dumbfucks from polo trollbox who were crying over their losses 3 days back, still keep talking up their margin positions... How could people physically be that stupid?
I added to my long position. Another 2,500 BTS. :P
Last time Tony said something "price positive" the price shot up like a rocket. I'll take my chances.
But yea, anyone margining any serious amounts with this level of liquidity is just asking for a smackin'.
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I wonder how many idiots are there who would ever margin trade in a market of this size? ETH is one thing, but enabling the margin on BTS market is just fucking absurd. And dumbfucks from polo trollbox who were crying over their losses 3 days back, still keep talking up their margin positions... How could people physically be that stupid?
I added to my long position. Another 2,500 BTS. :P
Last time Tony said something "price positive" the price shot up like a rocket. I'll take my chances.
But yea, anyone margining any serious amounts with this level of liquidity is just asking for a smackin'.
Well, Last time I was screaming "buy, Buy, BUY!", this time it is just a low voice gut feeling.
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I wonder how many idiots are there who would ever margin trade in a market of this size? ETH is one thing, but enabling the margin on BTS market is just fucking absurd. And dumbfucks from polo trollbox who were crying over their losses 3 days back, still keep talking up their margin positions... How could people physically be that stupid?
You can't have liquidity in a derivative market without margin trading and bitassets like bitusd is a derivative of usd. So ideally what we need is margin trading in bitusd and not margin trading in BTS like it is happening in Polo. Market makers should probably work on models to allow one to take leveraged positions in bitusd by blocking BTS collateral but I am not sure how this can happen since bitusd is created by putting BTS as collateral..
I guess that someone could create an UIAusd which is bought back on a daily basis at par to bitusd minus his fees. That person will be in control of the UIAusd so he can adjust the position and the daily available supply of UIAusd and people will be able to block an amount of BTS and borrow more UIAusd (leverage). This would help the bitusd liquidity and consequently the BTS liquidity and eventually would mean more demand for both bitusd and BTS and would increase BTS price..
What we are doing now is exactly the opposite though..Margin trading in BTS and essentially looking for trouble.. ooo well...
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Highest ranked stakeholders have lost the most. So much stupidity in response to emotions.
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This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
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They are only short if they also SOLD the bitUSD ..
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This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
https://www.youtube.com/watch?v=XNVvRu7qmVA
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This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
It has come to my attention that it is of interest where the users funds on CCEDK is located, so pls concentrate on ccedkcold as well as ccedkwallet if you need this kind of info. We are still trying to make sure all is clear and set for future big push, and ccedkbts is created for the base of investments on platform and to offer liquidity on both buy and sell walls although only based on highs and lows, expecting market makers to enter with a more close to rate spread. So, I hope it is clear now that ccedkbts is the account for investments only and as such the money of CCEDK and their investors.
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This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
It has come to my attention that it is of interest where the users funds on CCEDK is located, so pls concentrate on ccedkcold as well as ccedkwallet if you need this kind of info. We are still trying to make sure all is clear and set for future big push, and ccedkbts is created for the base of investments on platform and to offer liquidity on both buy and sell walls although only based on highs and lows, expecting market makers to enter with a more close to rate spread. So, I hope it is clear now that ccedkbts is the account for investments only and as such the money of CCEDK and their investors.
@ccedk
Are those investors community members from the forum or outside CCEDK investors? Cause I dont remember reading about that. Could community members participate by sending funds? I'm asking because some might be willing to help instead of letting their bts sit on their wallets doing nothing.
-
This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
It has come to my attention that it is of interest where the users funds on CCEDK is located, so pls concentrate on ccedkcold as well as ccedkwallet if you need this kind of info. We are still trying to make sure all is clear and set for future big push, and ccedkbts is created for the base of investments on platform and to offer liquidity on both buy and sell walls although only based on highs and lows, expecting market makers to enter with a more close to rate spread. So, I hope it is clear now that ccedkbts is the account for investments only and as such the money of CCEDK and their investors.
@ccedk
Are those investors community members from the forum or outside CCEDK investors? Cause I dont remember reading about that. Could community members participate by sending funds? I'm asking because some might be willing to help instead of letting their bts sit on their wallets doing nothing.
they are invtestors from outside and did a rather big buy some three months ago, where transaction was made on CCEDK exchange, and in regards to the other part I think it could be a great way but I suggest really a worker proposal in regards to setting up bots providing liquidity from numerous investors, and these investors receive an interest monthly for providing this, just in some similar ways as they provide liquidity on Nubits traded pairs on the various exchanges incl. CCEDK.
-
This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
It has come to my attention that it is of interest where the users funds on CCEDK is located, so pls concentrate on ccedkcold as well as ccedkwallet if you need this kind of info. We are still trying to make sure all is clear and set for future big push, and ccedkbts is created for the base of investments on platform and to offer liquidity on both buy and sell walls although only based on highs and lows, expecting market makers to enter with a more close to rate spread. So, I hope it is clear now that ccedkbts is the account for investments only and as such the money of CCEDK and their investors.
@ccedk
Are those investors community members from the forum or outside CCEDK investors? Cause I dont remember reading about that. Could community members participate by sending funds? I'm asking because some might be willing to help instead of letting their bts sit on their wallets doing nothing.
they are invtestors from outside and did a rather big buy some three months ago, where transaction was made on CCEDK exchange, and in regards to the other part I think it could be a great way but I suggest really a worker proposal in regards to setting up bots providing liquidity from numerous investors, and these investors receive an interest monthly for providing this, just in some similar ways as they provide liquidity on Nubits traded pairs on the various exchanges incl. CCEDK.
thanks for letting us know. Well, yeah I guess we're all just waiting on the api to be more accessible.
-
This guy is bullish on BTS and is shorting 11600 BitUSD:
https://bitshares.openledger.info/#/account/ccedkbts
Good sign, maybe he knows something...
It has come to my attention that it is of interest where the users funds on CCEDK is located, so pls concentrate on ccedkcold as well as ccedkwallet if you need this kind of info. We are still trying to make sure all is clear and set for future big push, and ccedkbts is created for the base of investments on platform and to offer liquidity on both buy and sell walls although only based on highs and lows, expecting market makers to enter with a more close to rate spread. So, I hope it is clear now that ccedkbts is the account for investments only and as such the money of CCEDK and their investors.
@ccedk
Are those investors community members from the forum or outside CCEDK investors? Cause I dont remember reading about that. Could community members participate by sending funds? I'm asking because some might be willing to help instead of letting their bts sit on their wallets doing nothing.
they are invtestors from outside and did a rather big buy some three months ago, where transaction was made on CCEDK exchange, and in regards to the other part I think it could be a great way but I suggest really a worker proposal in regards to setting up bots providing liquidity from numerous investors, and these investors receive an interest monthly for providing this, just in some similar ways as they provide liquidity on Nubits traded pairs on the various exchanges incl. CCEDK.
thanks for letting us know. Well, yeah I guess we're all just waiting on the api to be more accessible.
@Akado metaexchnage tries to solve it without a worker proposal and are offering METAFEES and sharing the fees. We will providing liquidity to many UIA and bitAssets. As far as i know, something like chancling an order is not possible so no bots are possible on the internal exchange.
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I'm aware @Shentist :) and I think you guys are doing a great job. I was just curious because the more market makers we have the better!
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it seems finex is dropping now lol let's see how it hits us if it passes the previous low
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This is pretty good.
https://www.reddit.com/r/Bitcoin/comments/3s26wf/this_morning_our_research_facility_discovered/ (https://www.reddit.com/r/Bitcoin/comments/3s26wf/this_morning_our_research_facility_discovered/)
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I am leaving for now. I still am unable to think straight and I don't think I will ever recover from this. Keep the prices low, maybe I will be able to raise a few BTCs and get some BTS in the next 2-3 months.
Good luck, and DON'T margin trade. I was advising people on Bitcointalk (https://bitcointalk.org/index.php?topic=1210946.msg12709660#msg12709660) not to do so but by that time I was already stuck and was unable to get out of it. In hindsight should've taken a loss and exited then and saved the rest.
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I am leaving for now. I still am unable to think straight and I don't think I will ever recover from this. Keep the prices low, maybe I will be able to raise a few BTCs and get some BTS in the next 2-3 months.
Good luck, and DON'T margin trade. I was advising people on Bitcointalk (https://bitcointalk.org/index.php?topic=1210946.msg12709660#msg12709660) not to do so but by that time I was already stuck and was unable to get out of it. In hindsight should've taken a loss and exited then and saved the rest.
Greed kicked in.. Its happened to all of us. What doesnt kill you makes you stronger.
-
I have a gut feeling...1500-1600 sat real soon.
This is definitely not that it might seem. Looks like a cheap trick to make everyone open longs and then smack the shit out of it all the way down to 700. Something is wrong here. Still watching.
+5%
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"Insufficient market liquidity to buy the requested output (max output: 0.)" - Blocktrades.us :-\
-
I have a gut feeling...1500-1600 sat real soon.
This is definitely not that it might seem. Looks like a cheap trick to make everyone open longs and then smack the shit out of it all the way down to 700. Something is wrong here. Still watching.
Yep.
As long as this community keeps trying to margin up and keeps losing their BTS it is not going anywhere.
The only way BTS will sustain a rise is if the community as a whole is buying and holding, fully paid for positions, gradually removing supply from the market over time, and attracting new community members to join us.
Every time someone in the community tries to margin, blows up and loses their BTS, it not only costs us a community member, it also puts all their shares back out in the hands of traders who dont care about BTS. Stop margining.
-
I have a gut feeling...1500-1600 sat real soon.
This is definitely not that it might seem. Looks like a cheap trick to make everyone open longs and then smack the shit out of it all the way down to 700. Something is wrong here. Still watching.
Yep.
As long as this community keeps trying to margin up and keeps losing their BTS it is not going anywhere.
The only way BTS will sustain a rise is if the community as a whole is buying and holding, fully paid for positions, gradually removing supply from the market over time, and attracting new community members to join us.
Every time someone in the community tries to margin, blows up and loses their BTS, it not only costs us a community member, it also puts all their shares back out in the hands of traders who dont care about BTS. Stop margining.
And that will never happen..
-
1. lend out your BTS at 5% for 60 days
if they want to borrow your shares to short, make it costly
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1. lend out your BTS at 5% for 60 days
if they want to borrow your shares to short, make it costly
Too bad that tons of other people are loaning them at .01%.
Also almost no bitshares are being shorted. The problem isnt people shorting, its that everyone either gave up and dumped, or got margin called.
-
BTS needs to be more proactive at marketing itself
need mainstream institution support and investment
every since the bts 2.0 upgrade, i feel the sense that it is a failure and died out
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The reason is they have no idea what is being developed and what is the clear roadmap. The twitter page looks dead too..
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Edit: Polo still have 40M for sale, anyone know what their other BTS accounts are, as poloniexwallet is now empty?
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Edit: Polo still have 40M for sale, anyone know what their other BTS accounts are, as poloniexwallet is now empty?
http://cryptofresh.com/u/poloniexwallet
maybe its http://cryptofresh.com/u/localhost it has 60M BTS
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http://cryptofresh.com/u/poloniexcoldstorage
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I am rather certain localhost does NOT belong to polo but a founder/father of bts/3i or cnx
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I am rather certain localhost does NOT belong to polo but a founder/father of bts/3i or cnx
I am rather certain it does not belong to me, i3, or cnx.
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I am rather certain localhost does NOT belong to polo but a founder/father of bts/3i or cnx
I am rather certain it does not belong to me, i3, or cnx.
Anyway localhost has his/her voting proxy set to angel.
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What about FMV, Identabit? Someone with that many BTS all alone with no affiliation to bts founding? Would like to it to be a future business interested in BTS.
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Just noticed this account http://cryptofresh.com/u/btc38-btsx-octo-72722 has 97M BTS.
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any reason for bts price rise today?
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any reason for bts price rise today?
Maybe growing fear of centralized exchanges: https://bitsharestalk.org/index.php/topic,19888.0.html
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any reason for bts price rise today?
BTC38 upgraded and their accounts are showing they have nearly all or all of the bts they are supposed to have. Happy trading in China.
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any reason for bts price rise today?
I rode some BTC up recently, then cashed it in and added 30% to my BTS holdings. Maybe it was me :-)
(It definitely was not me - small fish)
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any reason for bts price rise today?
BTC38 upgraded and their accounts are showing they have nearly all or all of the bts they are supposed to have. Happy trading in China.
Looks like Yunbi is up too!
http://cryptofresh.com/u/yunbi-cold-wallet
and:
ID ACCOUNT NAME
1.2.25101 yunbi
1.2.36188 yunbi-bts
1.2.29211 yunbi-cold-wallet
1.2.29212 yunbi-cold-wallet-0
1.2.29217 yunbi-cold-wallet-1
1.2.29215 yunbi-cold-wallet-2
1.2.29214 yunbi-cold-wallet-3
1.2.29213 yunbi-cold-wallet-4
1.2.29216 yunbi-cold-wallet-5
1.2.29218 yunbi-cold-wallet-6
1.2.29219 yunbi-cold-wallet-7
1.2.29220 yunbi-cold-wallet-8
1.2.29221 yunbi-cold-wallet-9
1.2.32610 yunbi-cold-wallet-dns-vesting
1.2.32613 yunbi-cold-wallet-pts-vesting
1.2.32615 yunbi-cold-wallet-pts-vesting-again
1.2.32592 yunbi-com
1.2.35658 yunbi-default
1.2.25987 yunbi-deposit
1.2.25991 yunbi-deposits
1.2.36093 yunbi-exchange
1.2.36094 yunbi-exchange-ready
1.2.32619 yunbi-hot-wallet-pts-vesting
1.2.35958 yunbi-hotwallet
1.2.36442 yunbi-note-for-allocation
1.2.36096 yunbi-ready
1.2.36379 yunbi-stg
1.2.95942 yunbi-stg-ex
1.2.35659 yunbi-yun-default
1.2.92101 yunbi.com
1.2.95813 yunbi.wallet
1.2.28561 yunbichina
1.2.25826 yunbicom
1.2.31123 yunbii
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All coingecko coins are down aprox 10% and bitshares up 5% in dollar terms now
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China money?
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LOL at all the people that thought bitcoin was heading to $25,000
Yes the 10+min blocktime, planet polluting, volatile currency shitcoin is going to go to $25k any day now....
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LOL at all the people that thought bitcoin was heading to $25,000
Yes the 10+min blocktime, planet polluting, volatile currency shitcoin is going to go to $25k any day now....
So many people forget about that part. I agree completely.
POW must be avoided at all costs.
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shitcoin is going to go to $25k any day now....
Just when I sold all of my shitcoin??!! Figures. :-\
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Is this a BTC reversal coming?
If so, expect a BTS dip again.
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Is this a BTC reversal coming?
If so, expect a BTS dip again.
LTC didnt hit target
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Is this a BTC reversal coming?
If so, expect a BTS dip again.
LTC didnt hit target
(http://i.imgur.com/b1JA4UZ.gif)
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Who's dumping at $345? ;)
Edit: lol they're dumping early.
Nice to see BTS didn't move the entire time.
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Who's dumping at $345? ;)
Edit: lol they're dumping early.
Nice to see BTS didn't move the entire time.
lel :P
(http://i.imgur.com/lYoV0il.jpg)
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$305 here we come?
Edit : Wait for it, it's coming. I'm not going to wait until it's $310 to say it, I'm giving you a chance to get out before it happens. ;)
Edit 2 : Almost there, very soonTM
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And so it begins. ;)
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And so it begins. ;)
=/
Never broke $325.
Why fight it? Just let the inevitable happen!
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Finally. What took so long? ;)
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I just ate some losses and balanced my holdings a bit more towards bitcoin.
This almost certainly means BTC price is about the fall, resulting in BTS/BTC price going up. You heard it here first.
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I just ate some losses and balanced my holdings a bit more towards bitcoin.
This almost certainly means BTC price is about the fall, resulting in BTS/BTC price going up. You heard it here first.
I bought some burst. No regrets. :)
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I just ate some losses and balanced my holdings a bit more towards bitcoin.
This almost certainly means BTC price is about the fall, resulting in BTS/BTC price going up. You heard it here first.
When btc falls bts usually falls faster
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I just ate some losses and balanced my holdings a bit more towards bitcoin.
This almost certainly means BTC price is about the fall, resulting in BTS/BTC price going up. You heard it here first.
When btc falls bts usually falls faster
i think bts has gained a little bit of independence. overall the trend will be the same but short-medium term i think if btc keeps going back to what we've been seeing the fiat price of bts will hold. I base that on nothing but guessing, but I feel like there's a lot of bitshares people who don't really back bitcoin anymore the way they might have before 2.0- maybe i am being too optimistic.
-
I just ate some losses and balanced my holdings a bit more towards bitcoin.
This almost certainly means BTC price is about the fall, resulting in BTS/BTC price going up. You heard it here first.
When btc falls bts usually falls faster
i think bts has gained a little bit of independence. overall the trend will be the same but short-medium term i think if btc keeps going back to what we've been seeing the fiat price of bts will hold. I base that on nothing but guessing, but I feel like there's a lot of bitshares people who don't really back bitcoin anymore the way they might have before 2.0- maybe i am being too optimistic.
Too optimistic..i'd like to see the proposed features for bts2.0 all working first.
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Making profit trading has become exponentially more difficult since Ander stopped telling us his every move beforehand. :P
-
Making profit trading has become exponentially more difficult since Ander stopped telling us his every move beforehand. :P
and you gonna kill me today.. .
"suffocated from laughter" the doctor will have to put down.
-
It's quiet...too quiet.
:-\
Making profit trading has become exponentially more difficult since Ander stopped telling us his every move beforehand. :P
lol
-
It's quiet...too quiet.
where's dev?
-
It's quiet...too quiet.
:-\
Making profit trading has become exponentially more difficult since Ander stopped telling us his every move beforehand. :P
lol
In case of uncertainty, short/dump :P
-
In case of uncertainty, short/dump :P
https://youtu.be/CP3ueUsjVv8
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Brownie.PTS are at an all time low guise. The market is crashing! A severe depression is looming if someone doesn't do something now! Plez pump the price back up between 5-25 BTS b4 teh Brownie economy is gone 4evah. :'(
Ander where are you in our time of teh need? Use your whaleness to inflate the market like it was yeast infested!
(http://i.imgur.com/9ziDi9v.gif)
-
Why the devs so silence?
-
Why the devs so silence?
He lost power and can't cook up any more Brownie's? That is the current economic theory floating around among portfolio managers and would explain the current Brownie market crash of 2015.
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Why the devs so silence?
He lost power and can't cook up any more Brownie's? That is the current economic theory floating around among portfolio managers and would explain the current Brownie market crash of 2015.
I don't care wtf of brownie.please pump bts
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I don't care wtf of brownie.please pump bts
Did that from 11/5-11/7 then someone started dumping. Got us back to 1k though. Your turn! ;)
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925 anyone?
-
Tuck, What do you mean by 925?
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Tuck, What do you mean by 925?
I'm asking if 925 Satoshi's will be where BTS price falls to soonTM. I would have picked a range, but I like risking it all and nailing an exact number. ;)
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Tuck, What do you mean by 925?
I'm asking if 925 Satoshi's will be where BTS price falls to soonTM. I would have picked a range, but I like risking it all and nailing an exact number. ;)
this depend on the BTC price
I think BTS go back to priced by CNY after BTC38 upgraded 2.0
-
http://cryptofresh.com/u/shmitoshi
he's registering many accounts now
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Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.
Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...
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Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.
Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...
Speaking out of my ass: but for some reason I don't believe we would've. I believe the price would have stayed stable (in fiat terms). I base this on nothing but a gut instinct.
-
Price is irrelevant if there is no liquidity and volume. Right now if someone wanted to cash out a lot of BitUSD, they'd have to convert it to BTS, then BTC, then real USD. There's barely 100BTC on the buy side on Polo (haven't checked BTC38, but I doubt it's that different).
Whoever wanted to buy "cheap" has already bought. There's just no support in sight, all the hype is gone. It's just this community playing musical chairs until some serious (and successful) marketing effort is made.
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http://cryptofresh.com/u/shmitoshi
he's registering many accounts now
105 accounts x 95 BTS, not bad, if we had more people doing that every day
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http://cryptofresh.com/u/shmitoshi
he's registering many accounts now
105 accounts x 95 BTS, not bad, if we had more people doing that every day
Do accounts ever expire with no activity?
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http://cryptofresh.com/u/shmitoshi
he's registering many accounts now
105 accounts x 95 BTS, not bad, if we had more people doing that every day
Do accounts ever expire with no activity?
Why would they? They're on the blockchain :)
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Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.
Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...
Yes +5%
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10btc volume on poloniex..hehehe。
-
tis'is fear in the air'is
-
10btc volume on poloniex..hehehe。
CCEDK has more volume than polo! I like that!
(http://i.imgur.com/40yAQSD.jpg)
-
I think that's only happening because Polo has no volume at this particular point in time. If volume goes up Polo can easily surpass CCEDK. However CCEDK should take this opportunity. BitShares trading should be done there.
-
going down again..
soon we will see 100sato
-
going down again..
soon we will see 100sato
or if BTC doesn't break 360 again (very doubtful) back to 1020 we go (highly likely) just as quickly as BTC will dive back to 330. ;)
-
going down again..
soon we will see 100sato
Let's assume for a moment that the price doesn't matter. If there are no buyers and the total supply is some 50BTC, that means all that BitUSD could never really be converted back to USD. Which in turn means the confidence in BitUSD will go out the window.
I say the price doesn't matter, but liquidity does. My question is, is there a price at which there will be a buyer for each BTS being offered? No matter how low that is.
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.. Polo has no volume at this particular point in time. If volume goes up Polo can easily surpass CCEDK. However CCEDK should take this opportunity. BitShares trading should be done there.
+5% +5% +5%
-
https://youtu.be/DGC6iqWeFDk
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I'm about ready for an announcement.
-
I'm about ready for an announcement.
I announce we're going to 1111. ;)
-
stawp fighting it, let it rise! :P
-
I'm about ready for an announcement.
They only announce things when they are ready to dump BTS on us again.
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I'm about ready for an announcement.
They only announce things when they are ready to dump BTS on us again.
Proof?
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I'm about ready for an announcement.
They only announce things when they are ready to dump BTS on us again.
Who are the 'They'?
-
Who are the 'They'?
(http://i.dailymail.co.uk/i/pix/2015/04/09/11/27655B9300000578-3031829-image-a-33_1428576902890.jpg)
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Ok this kind of posts might be useless because it's entirely based in wishful thinking but I'd like to share it anyway.
People often say they would like to see the last bitcoin be mined and that they won't live long enough to see it. That the price could be in the moon by then. Well, that might not be needed, look here http://i.imgur.com/l5DRJqy.jpg
In 2024/2028 there will only be 1M btc left. That kind of psychological stuff is enough to make the price shoot up. There are only 1M left and there might be 1M btc lost by then so..
We could see the rise of crypto way earlier without the need of the last bitcoin to be mined,
But it's 10 more years till then, longer than Bitcoin's age. Let's see :P
-
I don't 375 is as far fetched as I thought it was a few months ago.
-
I don't 375 is as far fetched as I thought it was a few months ago.
Anyone think we'll go lower?
-
Btc? $200ish
-
Btc? $200ish
I mean BTS 0.00000375
-
Such optimism ! /s
-
Btc? $200ish
0.00000375
I mean BTS
It's possible we could see half that in early 2016.
-
Btc? $200ish
0.00000375
I mean BTS
It's possible we could see half that in early 2016.
It's possible we could see double that in early 2016.
-
Btc? $200ish
0.00000375
I mean BTS
It's possible we could see half that in early 2016.
It's possible we could see double that in early 2016.
What luckybit probably wanted to highlight is that denoting prices in a volatile currency makes no sense from investment perspective and that he expects bitcoin to rally (quite a bit) in early 2016
-
All we need is Microsoft Azure news and we'll get pumped like Ripple and Factom
edit: more dump http://cryptofresh.com/b/2017124
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Such optimism ! /s
I love BitShares. Do I think that potential will be realized before taking a few more deep dives? No. If we hit around $ 0.001700, I'm definitely ready to buy back in aggressively. I think it'll take a few more months to get the Stealth GUI features along with FBA in general moving in the right direction.
-
All we need is Microsoft Azure news and we'll get pumped like Ripple and Factom
edit: more dump http://cryptofresh.com/b/2017124
I remember that Brent allsop guy... He kept trying to push that canonizer thing... Guess that and his bts investment didn't work out
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BTS at $30 million CAP on CMC. Watsup?
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BTS at $30 million CAP on CMC. Watsup?
when looking on markets .. CMC has added all assets under BTS .. maybe due this .. anyway .. let's freeze this
(http://i.imgur.com/IeFemGg.png)
Merry Xmas :D
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Merry Christmas! Excellent, muhahaha :-D
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Endless drop. I can't understand how people can sell at this price :
- they get coins for free
- this project is hopeless
Personnaly, I'm very disappointed, first time in two years I lost so much money...
Merry Christmas anyway.
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I'm LOVIN' these low low prices!
Merry Christmas and Happy New Year! :)
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there is another drop today , it is 0.00000766 , what is the reason for this ?
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there is another drop today , it is 0.00000766 , what is the reason for this ?
Price drop is a normal phenomenon. I'm also very disappointed but I'm sure the current price is not the bottom. This is not the original BTS
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guys I know this is a shameless plug, sorry, but I am hoping that our mobile wallets for android and iOS, plus the Smartcoins POS systems (which could very well be done by March) will greatly increase our liquidity. we are using the OPENPOS token for this project:
https://bitsharestalk.org/index.php/topic,20762.0/all.html
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there is another drop today , it is 0.00000766 , what is the reason for this ?
Maybe if we do other FBA and complicate the system a bit more the price goes up. :(
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No end user will ever have to understand FBAs. only investors and developers may want to investigate
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No end user will ever have to understand FBAs. only investors and developers may want to investigate
Sure, buy BitShares everyone! Is a decentralized company where the revenue stream is divided between subsystems that you just don't need to understand.
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Keep treating your users like idiots them they may become that.
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Keep treating your users like idiots them they may become that.
Users dont invest in BitShares, they use our products. And yes, i expect from investors to do their reaearch and understand risks and responsibilities ..
At this stage, everone blaming BM for "wasting" his time and/or resources has not understood that BTS can run independently of Dan .. similar to how Bitcoin runs without Satoshi ..
Yes, I know, we are not there yet .. fortunatelly BM still (dispite those naysayers) tries to bring BitShares to the masses ..
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Keep treating your users like idiots them they may become that.
Or better yet, keep the existing complexity so we only attract a handful of people. :)
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Keep treating your users like idiots them they may become that.
Or better yet, keep the existing complexity so we only attract a handful of people. :)
Necessary complexity is okay. Not needed / Driven by greed and laziness to approve things complexity it is not.
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For those who don't know what I'm talking about take a look at this
What are the differences between future fees or vested dilution? Help me?
1 - Future fees are not known, probably a lot more.
2 - Future fees causes political issues, for instance, the community could decide that the stealth should be the default transfer method and charge more for non stealth transactions, the people or group of people holding stealth FBA would say NO!.
3 - Future fees complicate things, create systemic risks with some people or group owning some network features.
I really think we should be united as BTS as all interests of all participants. And always clear of any form of future debt beside vesting. And knowing all worker costs on advance.
4 - Future fees are a lot easier to pass through the democratic process.
What else? Am I missing something?
Can anyone on the driver seat please help out here, @Stan @xeroc @bytemaster? Maybe there something I'm not seeing.
Good bye everyone, I'm going to move my money and efforts of this project, I would like to compile a list of people here that still believe on the initial values of the project, please send me a PM if you do not agree with this FED like system as well.
for now I think:
@merockstar, @Xypher, @abit, @morpheus, @jakub, @bitcrab, @Harvey, @ebit
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Cya.. You werent even settled in :)
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Cya.. You werent even settled in :)
For one that bought at 4600 sat what is one more margin call?
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For those who don't know what I'm talking about take a look at this
What are the differences between future fees or vested dilution? Help me?
1 - Future fees are not known, probably a lot more.
2 - Future fees causes political issues, for instance, the community could decide that the stealth should be the default transfer method and charge more for non stealth transactions, the people or group of people holding stealth FBA would say NO!.
3 - Future fees complicate things, create systemic risks with some people or group owning some network features.
I really think we should be united as BTS as all interests of all participants. And always clear of any form of future debt beside vesting. And knowing all worker costs on advance.
4 - Future fees are a lot easier to pass through the democratic process.
What else? Am I missing something?
Can anyone on the driver seat please help out here, @Stan @xeroc @bytemaster? Maybe there something I'm not seeing.
Good bye everyone, I'm going to move my money and efforts of this project, I would like to compile a list of people here that still believe on the initial values of the project, please send me a PM if you do not agree with this FED like system as well.
for now I think:
@merockstar, @Xypher, @abit, @morpheus, @jakub, @bitcrab, @Harvey, @ebit
Judging from your current list I think you might have misread some of the discussions that have gone on.
Bitshares forum has always been open to disagreements on things, but I would say half of that list you posted probably disagree with a few things, but believe overall in Bitshares and where it is going.
I am curious why you seem to want to rangle together some kind list on your exit too. Got me wondering what exactly that 'initial values' thing you seem to think is. Care to share your master plan?
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I've been working on something for BTS that is not ready do disclosure just yet. But with the recent unfold of things on BTS is gonna take me even more time and efforts, but I'm always loved a challenge :)
I'll let you know when the time comes.
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Cya.. You werent even settled in :)
For one that bought at 4600 sat what is one more margin call?
oh we've all purchased much higher than that... i've earned a bunch of bts from development when it was much higher.
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One thing is interesting about BTS price: after initial fall, it stays incredibly stable during two month, unlike other cryptos at the end of the year.
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down down and down and down
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lol, get rekt.
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lol, get rekt.
I see Ander's made his triumphant return...
Wow this sucks.
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200 is next.
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
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Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Bo Shen?
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Well, I try to avoid generally commenting on market activity, since we operate as a market maker, but it looks to me more like the account you mentioned was "reacting" to the price drop rather than causing it. But your idea about the drops in Shanghai exchange being the ultimate cause could be correct; it might be someone needed to cover a margin call on Shanghai exchange by selling on poloniex to get funds. However, I always assumed most chinese traders would be trading on chinese exchanges instead of poloniex, but I suppose that's not universally true of course.
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Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Bo Shen?
That would be my guess.
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Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?
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Ouch. Check out the volume on BTS:USD. If this was a squeeze play then - well done. The entire BTS:USD order history is margin calls.
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Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?
No, the activity on poloniex was not directly related to the sale of BTS to BlockTrades. As far as I can tell, the sales to BlockTrades were made after the sudden Poloniex price drop.
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
She was 'ecstatic' about the stealth* proposition...so she sold started selling before the... proverbial s hit the proverbial f...
*Stealth , MAS, "exchanges suck as a business", "I am trapped by the people that gave me 4 mil USD", the benefits of the proof of work and dilution my way , "I am about to charge 7000$/h for anything I do not feel like doing"...bla bla bla the whole BM nonsense package..
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Selling BTS on Blocktrades for Trade.btc? Does Blocktrades then hedge on an external exchange creating the BTS/BTC price action?
No, the activity on poloniex was not directly related to the sale of BTS to BlockTrades. As far as I can tell, the sales to BlockTrades were made after the sudden Poloniex price drop.
Thanks dannotestein
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what‘s wrong with bts？？？？？？？？？？？？？？？？？？
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what‘s wrong with bts？？？？？？？？？？？？？？？？？？
I guess lack of stability, instead of working on the viability of the immense range of resources that already exists but do not work properly they keep changing and adding things. Read my last comments or search for "against fba bitshares" that you may find some answers. Good luck.
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I have to say thanks to @xerox because I read a comment from him yesterday saying that the stealth proposal was already approved and have not return. Then I get angry and sold my at 750 range. Thank you xerox.
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Literally spilled my coffee this morning checking the price.. jesus.
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Capitulation jubilation!!
come get yer bitshares, discounted bitshares!
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One less whale to worry about. Hopefully since it dumper there can be a rebound and shares are absorber by more members. Better distribution and eventually if the whale wants to buy back it will give a nice support.
Call it wishful thinking :P
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maybe keep in 300-600 range for this months ?
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Well, I try to avoid generally commenting on market activity, since we operate as a market maker, but it looks to me more like the account you mentioned was "reacting" to the price drop rather than causing it. But your idea about the drops in Shanghai exchange being the ultimate cause could be correct; it might be someone needed to cover a margin call on Shanghai exchange by selling on poloniex to get funds. However, I always assumed most chinese traders would be trading on chinese exchanges instead of poloniex, but I suppose that's not universally true of course.
Looks like the dumps on Polo is after the whale transferred BTS to blocktrades.
Looking at Polo's price history chart, the first dump happened at 03:20 - 03:25 GMT, with volume of 1.5M BTS.
The largest volume (5.5M BTS) of dump happened at 3:35-3:40 GMT
Screenshort here: https://drive.google.com/open?id=0B3xrm70jSHn4dFZSOXFvU3lSVDg
Looking at bts-qq123-bts's account history, 2M BTS transferred to blocktrades before 3:20 GMT, Another 10M BTS transferred to blocktrades before 3:35 GMT.
2016-01-07T06:59:03 Transfer 200000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:36:12 Transfer 100000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:34:42 Transfer 500000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:33:12 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:31:39 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:30:03 Transfer 2000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:28:42 Transfer 2000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:26:51 Transfer 3000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:24:48 Transfer 3000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:15:36 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:12:36 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:10:33 Transfer 200000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:58:54 Transfer 100000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:56:06 Transfer 1000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:41:18 balance_claim_operation bts-qq123-bts fee: 0 BTS
2016-01-07T02:41:18 balance_claim_operation bts-qq123-bts fee: 0 BTS
@dannotestein ?
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I guess that the 2nd dump happened at arround 6:15 GMT is made by Baozou, who operates dacx.com.
yun-bts sent 5,000,000 BTS to poloniexwallet
block 2,445,507 - 8 hours ago - 32 BTS
yun-bts sent 5,000,000 BTS to poloniexwallet
block 2,445,032 - 8 hours ago - 32 BTS
yun-bts sent 4,170,000 BTS to poloniexwallet
block 2,444,122 - 9 hours ago - 32 BTS
yun-bts sent 2,686,000 BTS to poloniexwallet
block 2,443,621 - 10 hours ago - 32 BTS
yun-bts sent 1,600,000 BTS to poloniexwallet
block 2,443,314 - 10 hours ago - 32 BTS
baozou sent 10,540,000 BTS to yun-bts
block 2,291,564 - 5 days ago - 32 BTS
baozou sent 8,000,000 BTS to yun-bts
block 2,291,467 - 5 days ago - 32 BTS
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οοο θεε μου...
oοο mon dieu..
oοο my god...
panic in the air...someone is very exciting about bts..
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(http://i.imgur.com/zAvmybD.jpg)
I thought whales knew better and would never dump like this if they wanted max profits, was this an action to put pressure on CNX? or it was just a need for cash because of the chinese stock market? If I remember corectly, in the past, bts price had a decline in price when there was a rise in chinese stocks and also another decline afterwards when the stocks droped/crushed.
EDIT
Could this be a trap? are we sure that the bts that were sent to the exchanges were the ones that actualy sold? If I was a whale I would try to sent a huge amount in the exchanges and then enjoy the havoc.
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I thought whales knew better and would never dump like this if they wanted max profits, was this an action to put pressure on CNX? or it was just a need for cash because of the chinese stock market?
I think a lot of the problem is due to cascading margin calls that seem to make things way worse than they need to be. The markets are just too damn thin to handle Polo's margin, so the price is able to drop 50% at the drop of a hat. I suppose it could do the same upwards, but it seems there are always gonna be more shorts than longs. It's a losing battle.
If I remember corectly, in the past, bts price had a decline in price when there was a rise in chinese stocks and also another decline afterwards when the stocks droped/crushed.
From my experience, whatever happens -- BTC goes down, BTC goes up, stock markets crash, stock markets rally, BM stubs his toe -- BTS price goes down. No justice either way.
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I sold out around 800 back in November and set an auto buy at around 500, which just got filled. So I guess I should be happy with the profit. Hurrah for me :-\
Anyone have a clue about why the price just collapsed (again)? Quite slide from 3000.
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades.
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.
Well, I try to avoid generally commenting on market activity, since we operate as a market maker, but it looks to me more like the account you mentioned was "reacting" to the price drop rather than causing it. But your idea about the drops in Shanghai exchange being the ultimate cause could be correct; it might be someone needed to cover a margin call on Shanghai exchange by selling on poloniex to get funds. However, I always assumed most chinese traders would be trading on chinese exchanges instead of poloniex, but I suppose that's not universally true of course.
Looks like the dumps on Polo is after the whale transferred BTS to blocktrades.
Looking at Polo's price history chart, the first dump happened at 03:20 - 03:25 GMT, with volume of 1.5M BTS.
The largest volume (5.5M BTS) of dump happened at 3:35-3:40 GMT
Screenshort here: https://drive.google.com/open?id=0B3xrm70jSHn4dFZSOXFvU3lSVDg
Looking at bts-qq123-bts's account history, 2M BTS transferred to blocktrades before 3:20 GMT, Another 10M BTS transferred to blocktrades before 3:35 GMT.
2016-01-07T06:59:03 Transfer 200000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:36:12 Transfer 100000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:34:42 Transfer 500000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:33:12 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:31:39 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:30:03 Transfer 2000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:28:42 Transfer 2000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:26:51 Transfer 3000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:24:48 Transfer 3000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:15:36 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:12:36 Transfer 1000000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T03:10:33 Transfer 200000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:58:54 Transfer 100000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:56:06 Transfer 1000 BTS from bts-qq123-bts to blocktrades -- Unlock wallet to see memo. (Fee: 32.42187 BTS)
2016-01-07T02:41:18 balance_claim_operation bts-qq123-bts fee: 0 BTS
2016-01-07T02:41:18 balance_claim_operation bts-qq123-bts fee: 0 BTS
@dannotestein ?
It's possible the transfers were made to BlockTrades before the sell off on Poloniex, but the timing is so tight it's rather hard for me to tell the order in which things happened (and the time zone reporting differences don't help).
My belief that it was a reaction was mainly based off the fact that we don't see any transfers from bts-qq123-bts to any account other than BlockTrades (i.e. they didn't make any transfers to Poloniex before or after selling to us). What I can say for certain is that BlockTrades didn't make any trades on Poloniex during any of this time. If our system did this sort of automated dumping, where it sells below the price it buys at, we would have gone bankrupt long ago during one of the earlier crashes. However, we have been and continue to be a profitable enterprise.
If you're right, and the Poloniex sales happened after the BlockTrades sales, then either someone was watching the BlockTrades account and sold when they saw a big sale to us (possibly in some automated fashion which seems slightly improbable to me, but not impossible), or else the bts-qq123-bts account owner also had an existing bts balance on Poloniex and just sold there as well. I guess the scenario where it's one person with two accounts is the most probable one.
The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
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If you're right, and the Poloniex sales happened after the BlockTrades sales, then either someone was watching the BlockTrades account and sold when they saw a big sale to us (possibly in some automated fashion which seems slightly improbable to me, but not impossible), or else the bts-qq123-bts account owner also had an existing bts balance on Poloniex and just sold there as well. I guess the scenario where it's one person with two accounts is the most probable one.
This makes sense.
The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
Yes there is a smaller drop on Yunbi.
Since Btc38 temporarily suspended withdraw/deposit due to the urgent fix or some other reason, there is a much smaller drop.
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I have to say thanks to @xerox because I read a comment from him yesterday saying that the stealth proposal was already approved and have not return. Then I get angry and sold my at 750 range. Thank you xerox.
::)
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The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
Yes there is a smaller drop on Yunbi.
Since Btc38 temporarily suspended withdraw/deposit due to the urgent fix or some other reason, there is a much smaller drop.
I noticed that, but it is interesting that the BTC38 price was able to hold strong during all this...lots of buying pressure in the low 0.02 CNY and below level. Hell the 24 hour volume is around $140k there, and the price quickly rebounded from 0.0189 back to 0.0211 now. Someone on BTC38 is buying a hell of a lot of shares.
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The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
Yes there is a smaller drop on Yunbi.
Since Btc38 temporarily suspended withdraw/deposit due to the urgent fix or some other reason, there is a much smaller drop.
I noticed that, but it is interesting that the BTC38 price was able to hold strong during all this...lots of buying pressure in the low 0.02 CNY and below level. Hell the 24 hour volume is around $140k there, and the price quickly rebounded from 0.0189 back to 0.0211 now. Someone on BTC38 is buying a hell of a lot of shares.
It's possible that one whale's exist is another whale's ticket to ride. Regardless the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Chin up folks. A holder re-org is hardly the end of the world.
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If BTS can get back to 800 sats relatively soon and hold it, then this could all end up being the savior of BTS in the end - the wipeout of many disgruntled old holders and an influx of new blood who got in cheap and is happy about their bts investment and willing to help make it work long term.
Of course, that assumes that the big buyers at the bottom here include some new money, and arent mostly just old whales buying back what they sold higher, which could be the case.
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For the first time in a long, long time, buy support on polo (175 BTC) is greater than BTS for sale (27.9M) at the current price level (600 sats).
Of course this is subject to heavy manipulation by fake buy and sell walls, and people add support or remove it all the time to create hope or panic, but for months it hasnt been even close to even, and now it is actually slightly in favor of the buy side.
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the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
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the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.
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the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.
I wish there were even more businesses that this, but at least its a start. The way I see it, businesses are the primary customers of BTS. We will never get mass adoption by normal users, or at least not for a long time, in some future where cryptos in general achieve adoption, but we can achieve adoption by businesses, who will get their users using BTS without even knowing it.
Its sad that the Banx guys never did anything with BTS 2.0, and apparently turned out to be the scam that some were accusing them of being. If they were legit, then BTS 2.0 could have been the way for them to prove their legitimacy. Their delay in upgrading to it probably means they are a scam and were using BTS as a way to keep things going for a few more months.
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I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.
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I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.
Bter has had multiple problems in the past. The recommended exchanges to get BTS are CCEDK, Metaexchange, Blocktrades
If you need more volume, Poloniex and BTC38
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Thanks Akado.
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I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.
Bter never upgraded to 2.0 so any BTS there are worthless.
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Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.
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Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.
those coins look like they're being pumped right now. this should result in a dump.
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Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.
If you notice the exaggerated volume from those two coins, it comes from one single chinese exchange... called Yuanbaohui
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Most volume on BTC38 and not Polo. Is this better? Does BTC38 have leverage? If it doesn't, does this mean we won't see big swings?
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Now NXT is on fire... I wonder how long until we fall out of the top 20?
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Now NXT is on fire... I wonder how long until we fall out of the top 20?
Why? That doesn't make much sense imo. It's all pumps. Guess where the volume comes from? That's right, China again.
I think the question is more like "I wonder how long ultil we get pumped?" Given the news on how the chinese markets are I wish this is a sign of more coming in. They're just pumps but hopefully they can revive the alt coin scene.
If these pumps continue until March, if we don't get one in the meanwhile, we'll get one then due to STEALTH. It's just another reason for them to pump bts.
Still, in the long run this doesn't really mean anything unless it's a sign more chinese money is coming in.
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Nxt, BitShares, Factom, YBcoin or whatever is called, Doge, all have most of their volume traded by the chinese. Hopefully it's a sign things are changing and gives an opportunity to whoever wants, make their money back.
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BTS fully recovered from the crash and is over 800. Hold over 800 and there is hope.
(Because I post someone will probably market dump it down 100+ sats, because someone out there hates me).
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Now NXT is on fire... I wonder how long until we fall out of the top 20?
Why? That doesn't make much sense imo. It's all pumps. Guess where the volume comes from? That's right, China again.
I think the question is more like "I wonder how long ultil we get pumped?" Given the news on how the chinese markets are I wish this is a sign of more coming in. They're just pumps but hopefully they can revive the alt coin scene.
If these pumps continue until March, if we don't get one in the meanwhile, we'll get one then due to STEALTH. It's just another reason for them to pump bts.
Still, in the long run this doesn't really mean anything unless it's a sign more chinese money is coming in.
No one care about STEALTH enough to risk their money to pump it .
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Now NXT is on fire... I wonder how long until we fall out of the top 20?
Why? That doesn't make much sense imo. It's all pumps. Guess where the volume comes from? That's right, China again.
I think the question is more like "I wonder how long ultil we get pumped?" Given the news on how the chinese markets are I wish this is a sign of more coming in. They're just pumps but hopefully they can revive the alt coin scene.
If these pumps continue until March, if we don't get one in the meanwhile, we'll get one then due to STEALTH. It's just another reason for them to pump bts.
Still, in the long run this doesn't really mean anything unless it's a sign more chinese money is coming in.
No one care about STEALTH enough to risk their money to pump it .
别渣渣了，快上车
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Now NXT is on fire... I wonder how long until we fall out of the top 20?
Why? That doesn't make much sense imo. It's all pumps. Guess where the volume comes from? That's right, China again.
I think the question is more like "I wonder how long ultil we get pumped?" Given the news on how the chinese markets are I wish this is a sign of more coming in. They're just pumps but hopefully they can revive the alt coin scene.
If these pumps continue until March, if we don't get one in the meanwhile, we'll get one then due to STEALTH. It's just another reason for them to pump bts.
Still, in the long run this doesn't really mean anything unless it's a sign more chinese money is coming in.
No one care about STEALTH enough to risk their money to pump it .
These are pumps, they don't care about the coins or anything else other than making money. they could just time it with stealth to get more hype and make more money out of it that's what I meant
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BTS fully recovered from the crash and is over 800. Hold over 800 and there is hope.
(Because I post someone will probably market dump it down 100+ sats, because someone out there hates me).
lol... I don't think so...They probably wait until I buy some bts @800 and then it will crash to 500..
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BTS fully recovered from the crash and is over 800. Hold over 800 and there is hope.
(Because I post someone will probably market dump it down 100+ sats, because someone out there hates me).
lol... I don't think so...They probably wait until I buy some bts @800 and then it will crash to 500..
No, it pretty much dropped 10% immediately after i posted, as I expected.
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BTS will be at 100 dollar a piece in 2024.
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Rocket is fueled amd ready for liftoff on your command sirs.
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Just do it!
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Just do it!
https://www.youtube.com/watch?v=ZXsQAXx_ao0&feature=youtu.be
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Shit just got interesting over at BTC38....
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BTS really is the anti bitcoin isnt it.
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Shit just got interesting over at BTC38....
Don't think this is trend but a bump in the road. Yesterday was the same it seems.
http://k.sosobtc.com/bts_btc38.html (http://k.sosobtc.com/bts_btc38.html)
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For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..
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For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..
I agree.. no matter what people are saying about our price.. it has been hovering at the same overall USD conversion for a long time. That not 'market' activity. The charts of BTS trend far differently than most of the TOP 10.
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on the bright side. we have a peg. 1/3 of a cent. still pegged though. challenge achieved.
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We're holding up pretty well today, amidst the carnage around us.
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We're holding up pretty well today, amidst the carnage around us.
vs USD
vs BTC, most are doing fine
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Ppl are accumulating due to cryptsy news.
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For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..
We have price-stable bitUSD. Now we have price-stable BTS.
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For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..
We have price-stable bitUSD. Now we have price-stable BTS.
Last time we said this is when BTS is 0.08 CNY each. Then it went down.
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@dannotestein since you have quite some amount of capital, is it possible to attack BlockTrades this way?
* sell a big amount of BTS to blocktrades
* dump on Polo so the price go down
* buy from blocktrades at a lower price
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@dannotestein since you have quite some amount of capital, is it possible to attack BlockTrades this way?
* sell a big amount of BTS to blocktrades
* dump on Polo so the price go down
* buy from blocktrades at a lower price
BlockTrades is essentially a market-maker, so it's potentially subject to the same attacks as any market maker. We limit the potential for losses by various algorithms (of fairly high complexity) and by limiting the amount that can be lost if someone did find a successful attack vector. I think odds are high that anyone attempting the attack you describe would wind up losing money rather than gaining it, but there's no easy answer to such questions since there would be a lot of unknown variables involved.
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So without trying to sound too paranoid, do people think that BTS is being somewhat suppressed artificially? BM mentioned an off the cuff comment something like this when discussing the bitcoin failing article that was published the other day. We know we've got great technology and dan is so innovative, it makes me wonder if there is some sort of collusion to keep our mkt cap low. An interesting thought.
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So without trying to sound too paranoid, do people think that BTS is being somewhat suppressed artificially? BM mentioned an off the cuff comment something like this when discussing the bitcoin failing article that was published the other day. We know we've got great technology and dan is so innovative, it makes me wonder if there is some sort of collusion to keep our mkt cap low. An interesting thought.
There is no collusion to keep bts low... Btsx was majority owned by a bunch of whales (many in china). Dilution was introduced and that changed the reason for their investment. The kind of selling we saw us when concentrated ownership sells... Bts is cool, but remember its just open sourced code. And it's extremely abusive to shareholders, because of worker proposals, fbas and uias. There is constant selling pressure on bts because of these mechanisms.
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How are UIA and FBAs creating sell pressure? Please elaborate!
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How are UIA and FBAs creating sell pressure? Please elaborate!
They are being used for funding and the bts that they receive is being dumped on the market. It wouldn't be a problem if people could raise money not using bitshares, but many of these investors don't have any extra money left for an investment. They are all in bts from much higher levels.
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According to this http://cryptofresh.com/reserve the max selling presure from worker proposals etc seems to be 130M per Year(6,5% "Inflation"), half compared to the 250M per Year from the merger(12,5%) It seems that right now we are having 19% "inflation" per year. (calculations based on an initial 2B bts)
I wonder how the price will react when the merger will be over in less than a year.
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... and we are FAR away from paying all available worker pay currently ..
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I think it's not about selling pressure, it's just people don't have an interest in BitShares atm. I can't be used to do much. Others can be mined or already have funding or companies interest, etc. What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise. Maybe we're lucky if there's another btc run but that's it, the same way we might go up, we'll go down, there's really nothing to keep us with a better price.
We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.
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We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.
Sounds like we created the best F1 machine ever, but didn't registered the race.
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... What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise.
We do have utility-based products - price-stable bitUSD/bitCNY/bitEUR etc and a decentralised exchange.
We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.
Our bitassets have little liquidities and not closely pegged. Our DEX has no on/off ramps (btc<->fiat, bts<->fiat) and no counterparty-risk-free btc<->bts and altcoin<->bts exchanges. Naturally, users are not going to use them. 'Half-baked' may be too harsh but we are certainly 'not done' yet.
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... What we're lacking atm is utility, something that feels a need. Until we have Bond Markets, Prediction Markets or companies using BitShares as a platform (ie exchanges), we won't see any price rise.
We do have utility-based products - price-stable bitUSD/bitCNY/bitEUR etc and a decentralised exchange.
We might have the best chain and technology but it's pretty much half baked. It's not accessible or user friendly so it just isn't used. It will require more time for that.
Our bitassets have little liquidities and not closely pegged. Our DEX has no on/off ramps (btc<->fiat, bts<->fiat) and no counterparty-risk-free btc<->bts and altcoin<->bts exchanges. Naturally, users are not going to use them. 'Half-baked' may be too harsh but we are certainly 'not done' yet.
I really don't see a difference between existing no product or a product with defect. If assets are not pegged they won't be seen as a good product and won't be used. Chicken and egg problem like we all know but outsiders don't care about this. They want a peg and that's it.
Well, they're incomplete atm. Or at least, not being used to their full potential. What good is any tech if it can't be used? We might use it, we might do that little effort but then again, outside users won't care.
But I believe we're really at the beginning. It's like BitShares got a reset. Difference is now it seems to have more potential. It's up to us to take that potential to the max.
Btw @cube related to on/off bridges CCEDK is working on doing that. You deposit fiat and you get credit open.eur, open.usd, etc on your bts wallet.
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Well, they're incomplete atm. Or at least, not being used to their full potential. What good is any tech if it can't be used? We might use it, we might do that little effort but then again, outside users won't care.
But I believe we're really at the beginning. It's like BitShares got a reset. Difference is now it seems to have more potential. It's up to us to take that potential to the max.
Yes indeed. I see you are actively leading the 'business development' by getting the exchanges eg CCEX in. We need more people like you.
Btw @cube related to on/off bridges CCEDK is working on doing that. You deposit fiat and you get credit open.eur, open.usd, etc on your bts wallet.
Transwiser CNY-on/off ramp and now CCEDK. Bithshares is getting its infrastructure in place.
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(http://i.imgur.com/TkxQbiB.jpg)
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*spitting out my coffee*
Why?
(https://dl.dropboxusercontent.com/u/38768040/misc/2016-01-26.png)
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*spitting out my coffee*
Why?
*sips coffee*
*nods happily*
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Some decent movement on Poloniex today. Did I miss some news?
(http://i.imgur.com/x1IK3gf.jpg)
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@TheGift73 that doesnt seem usual at all. All cryptos are green if you check coinmarketcap atm, however BTS has a 15% increase which we haven't seen for quite a while. Will probably go back to where it was, most likely, but didn't see that for quite a while now, that I remember
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,005,809 - 2 hours ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,003,422 - 4 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,999,706 - 7 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,980,060 - 1 day ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,974,000 - 1 day ago - 32 BTS
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,005,809 - 2 hours ago - 32 BTS
for-dana sent 500,000 BTS to poloniexwallet
block 3,003,422 - 4 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,999,706 - 7 hours ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,980,060 - 1 day ago - 32 BTS
angel sent 500,000 BTS to blocktrades
block 2,974,000 - 1 day ago - 32 BTS
the 500k.. I guess they're alright but 13M wow I wouldn't even risk that much at the same time on an exchange. Would do it slowly and take funds back then proceed.
I would like those 13M not to be dumped but what else are they doing on Polo
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Those 13M already took us down form 1100 to 800s.
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Are they selling for tax losses now - with the intention of buying back when Privacy Mode is in place in a couple of weeks?
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Are they selling for tax losses now - with the intention of buying back when Privacy Mode is in place in a couple of weeks?
They saw the Exit-Sign while Chinese are going crazy stiring up Volume. My Impression 8)
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
I think the AGS funds were spent long ago...
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even... they are probably going to chase ethereum and get burned in the same way. Hopefully those whales that sold have had their funds picked up by multiple smaller investors. Lot's of small holders is much better than a few whales.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
This is our CEO?
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
This is our CEO?
I guess that if you own shares in Cryptonomex then he is your CEO. Otherwise he's just a fellow shareholder (and the founder) of BitShares.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
This is our CEO?
I guess that if you own shares in Cryptonomex then he is your CEO. Otherwise he's just a fellow shareholder (and the founder) of BitShares.
I think so ,
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Why bm can sell angel fund to cover personal expense？Is this suppose to belong to the community？
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Are they selling for tax losses now - with the intention of buying back when Privacy Mode is in place in a couple of weeks?
buying back bitshares is the burden of the speculators .
Developers need to put food on the table . Why would they risking financial lost by buying back BitShares when they can do programming to earn it at market rate .
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Why bm can sell angel fund to cover personal expense？Is this suppose to belong to the community？
Where did Bm say personal expenses. The funds belong to i3 and I am sure they have end of year tax filing expenses.
Other than one small proposal they have continued working for a year on the fumes of ags.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
Hi bm , when will you sell all bts you have ?
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
I guess Storj Labs needed an injection of cash... :(
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
I guess Storj Labs needed an injection of cash... :(
this is him , super33?
-
super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
I guess Storj Labs needed an injection of cash... :(
this is him , super33?
Perhaps super33 is bm.
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
I guess Storj Labs needed an injection of cash... :(
this is him , super33?
Perhaps super33 is bm.
Pretty sure it's him yea, he mined the first PTS block so probably had lots of PTS, and was a contractor for Invictus which I guess gave him even more. All of which probably translated into a huge stake in BTSX/BTS.
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super33 sent 13,670,000 BTS to poloniexwallet
block 3,002,472 - 5 hours ago - 32 BTS
super33 sent 3,000,000 BTS to poloniexwallet
block 3,002,371 - 5 hours ago - 32 BTS
super33 sent 500,000 BTS to blocktrades
block 2,827,051 - 6 days ago - 32 BTS
I guess Storj Labs needed an injection of cash... :(
this is him , super33?
Perhaps super33 is bm.
Pretty sure it's him yea, he mined the first PTS block so probably had lots of PTS, and was a contractor for Invictus which I guess gave him even more. All of which probably translated into a huge stake in BTSX/BTS.
crap , and he waited until....now to claim it .
No wonder there is endless BTS on the market . There are still a lot unsold early miners .
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crap , and he waited until....now to claim it .
No wonder there is endless BTS on the market . There are still a lot unsold early miners .
Main "unsold early miners" it's a Cryptsy which doesn't give anything to PTS owners.
super33 (superb) young boy in compare to what they have. We will be very lucky if Cryptsy already sell all shares in the past. :)
PS: Personally I like that early miners exits from BitShares today.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even...
Wut? Whatever ure trying to say, I think u have a very vague understanding of how these markets work.
they are probably going to chase ethereum and get burned in the same way.
Flawed logic right there.
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getting to 1k. how come all cryptos keep rising? i doubt there is new people coming in, there are no reasons for that. what's left? pumps?
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even...
Wut? Whatever ure trying to say, I think u have a very vague understanding of how these markets work.
they are probably going to chase ethereum and get burned in the same way.
Flawed logic right there.
Cryto traders are idiots... they chase whatever is hot. Most have no plan and hope to get rich in 6 months on 1 hot investment.
Please enlighten me with why my logic may be flawed.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even...
Wut? Whatever ure trying to say, I think u have a very vague understanding of how these markets work.
they are probably going to chase ethereum and get burned in the same way.
Flawed logic right there.
Cryto traders are idiots... they chase whatever is hot. Most have no plan and hope to get rich in 6 months on 1 hot investment.
Please enlighten me with why my logic may be flawed.
U sound like ur frustration comes from being out of the loop on this one. Mist is out, we had vitalik talking up zk-snarks again, R3 had their spokesman announcing the successful implementation of their experimental blockchain-based eth-aligned financial platfrom, azure service will come to fruition soon. Not a big science that pooptons of wealthy ppl that are not screwing around, will be coming aboard when the news hit the really big pockets and big economy. Why would u blame average joes for their interest to highly speculative markets like eth?
Trapped longs ... Dude... Have u followed the market? Distinct falling wage starting early nov and ending mid jan, double bottom 400/500 sato, cmf indicates big monies injection, alligator gone max retard, signalling of a trend reversal followed by a ascending triangle. I bet there would be lots of squeezed shorts at a 1300 range before the next huge bullish pennant is formed and the prices are taken to sub 2K level.
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getting to 1k. how come all cryptos keep rising? i doubt there is new people coming in, there are no reasons for that. what's left? pumps?
Been wondering the same, something funky is going on in here, alts getting spiked on a tremendous voume like theres no tomorrow. Maybe theres a huge btc dump in the works possibly related to hearns bullchit or blocksize consensus.
Take a look at this thread https://np.reddit.com/r/Bitcoin/comments/42e551/25_billion_worth_of_bitcoin_transactions_verified/
https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even...
Wut? Whatever ure trying to say, I think u have a very vague understanding of how these markets work.
they are probably going to chase ethereum and get burned in the same way.
Flawed logic right there.
Cryto traders are idiots... they chase whatever is hot. Most have no plan and hope to get rich in 6 months on 1 hot investment.
Please enlighten me with why my logic may be flawed.
U sound like ur frustration comes from being out of the loop on this one. Mist is out, we had vitalik talking up zk-snarks again, R3 had their spokesman announcing the successful implementation of their experimental blockchain-based eth-aligned financial platfrom, azure service will come to fruition soon. Not a big science that pooptons of wealthy ppl that are not screwing around, will be coming aboard when the news hit the really big pockets and big economy. Why would u blame average joes for their interest to highly speculative markets like eth?
Trapped longs ... Dude... Have u followed the market? Distinct falling wage starting early nov and ending mid jan, double bottom 400/500 sato, cmf indicates big monies injection, alligator gone max retard, signalling of a trend reversal followed by a ascending triangle. I bet there would be lots of squeezed shorts at a 1300 range before the next huge bullish pennant is formed and the prices are taken to sub 2K level.
The trapped longs I am talking about are the people who invested in PTS/AGS... not short/medium term that you seem to be referring to. These long term holders have had their shares vesting and havn't been able to sell. At one point they saw their investment nearly 10x higher than current market cap only to watch those paper gains disappear. There are lots of holders of bts in this position. There is a ton of supply that is steadily hitting the bts market.
I understand that there are several "bullish" announcements and news events with crypto... but those don't always translate to price increases. Ethereum is bubbling right now. I wouldn't be surprised to see this back sub 100 million in the next 3 months or so just to shake out the weak late coming bulls. Not saying that it won't be worth over a billion in the next few years though after the crypto specs are shaken out.
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BTS is rising because some snot nosed kid cashed some Ether gains for a BTS stake that will forever be BIGGER than yours!!!
Peace brother...
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
hi bm any comments for this suggestion
and do you think if you need to give a report to tell pubic the detail of ags funds
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
how many bts that ags fund have ? if have how to use this fund , it is belong to who ? ,according to ags donation commitment , it is belong to community, and now many community member do not satisfy with you
bm because you make big mistake that hurt bts (maybe it is not my view, it is just the views i get from QQ group ) but this is not important. so do you have right to use ags fund ? i think you do not have right
i suggest that you distory all bts of ags fund (if ags fund have bts). leave the last dignity
so i suggest that you dist
Just looking at this price action, you can tell that there are a ton of trapped longs just trying to get out around even...
Wut? Whatever ure trying to say, I think u have a very vague understanding of how these markets work.
they are probably going to chase ethereum and get burned in the same way.
Flawed logic right there.
Cryto traders are idiots... they chase whatever is hot. Most have no plan and hope to get rich in 6 months on 1 hot investment.
Please enlighten me with why my logic may be flawed.
U sound like ur frustration comes from being out of the loop on this one. Mist is out, we had vitalik talking up zk-snarks again, R3 had their spokesman announcing the successful implementation of their experimental blockchain-based eth-aligned financial platfrom, azure service will come to fruition soon. Not a big science that pooptons of wealthy ppl that are not screwing around, will be coming aboard when the news hit the really big pockets and big economy. Why would u blame average joes for their interest to highly speculative markets like eth?
Trapped longs ... Dude... Have u followed the market? Distinct falling wage starting early nov and ending mid jan, double bottom 400/500 sato, cmf indicates big monies injection, alligator gone max retard, signalling of a trend reversal followed by a ascending triangle. I bet there would be lots of squeezed shorts at a 1300 range before the next huge bullish pennant is formed and the prices are taken to sub 2K level.
The trapped longs I am talking about are the people who invested in PTS/AGS... not short/medium term that you seem to be referring to. These long term holders have had their shares vesting and havn't been able to sell. At one point they saw their investment nearly 10x higher than current market cap only to watch those paper gains disappear. There are lots of holders of bts in this position. There is a ton of supply that is steadily hitting the bts market.
I understand that there are several "bullish" announcements and news events with crypto... but those don't always translate to price increases. Ethereum is bubbling right now. I wouldn't be surprised to see this back sub 100 million in the next 3 months or so just to shake out the weak late coming bulls. Not saying that it won't be worth over a billion in the next few years though after the crypto specs are shaken out.
Then these angel fund investors could be the owners of meager sells and are now attempting to bust the support as bids hit 1K. These ppl have in fact been accumulating the shares over quite a long period of time, to try and lower their average buying price, to be able to get out in the bubble. As we see the next bullish advancement these microsells get thicker which proves that a typical exit scenario for many tiny holders is taking place and since they have been accumulating the asset since long and were unable to chime in with their dumps in october, they would try to recoup their losses and get out at the best possible rate they could get. Last time vietnamese / chinese group blew the volume up the price went up to as high as 3200 making a lot of sad faces in here.
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BTS is rising because some snot nosed kid cashed some Ether gains for a BTS stake that will forever be BIGGER than yours!!!
Peace brother...
Haha, I know I am using any profits to stash away some extra BTS for the long term. All these alts rising now are based on nothing but newbie speculators coming into the scene, and that's how it is. What difference does the tech foundation mean in the eyes of someone coming into this scene in a rush wanting a piece of the pie? Nothing, they just look at the name and the front-page of the website and place their bets. The more mainstream it gets, the more superficial things will matter. The only difference will emerge in the aftermath, when the Quarks and World and Mega and Infinities of the altcoin world finally meet reality, but by then us savvy folks can retire into the Great Alts that actually have a future. It would be great if BTS could catch some of these newbs for a proper pump, but we seem incapable of understanding just how naive the average buyer is, and how simple it is to brand for that. Hopefully Ronny can help get a marketing push off the ground as the world gathers around to watch the spectacle, but in any case, whether BitShares booms or just limpers along for the ride, the efficiency, self-funding and self-governing structure will, in the end, catch fire, and that's why I accumulate BTS with care even as I try to catch the multitude popping.
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getting to 1k. how come all cryptos keep rising? i doubt there is new people coming in, there are no reasons for that. what's left? pumps?
Been wondering the same, something funky is going on in here, alts getting spiked on a tremendous voume like theres no tomorrow. Maybe theres a huge btc dump in the works possibly related to hearns bullchit or blocksize consensus.
Take a look at this thread https://np.reddit.com/r/Bitcoin/comments/42e551/25_billion_worth_of_bitcoin_transactions_verified/
https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
@FIAThater I love conspiracy theories! :P
Or just to make people think like that and exit their BTC positions into alts, attempting to dump for someone to get in at lower prices while they can till the halving. Then at the halving btc gets pumped and everyone left in the dust. That would be a player one step ahead of everyone else, already taking profits of alts only to make even more during the btc halving.
Far fetched but people go to great lengths to make money, let's not forget that. That person would always be one step ahead. As far fetched as it may sound, it's just genius at the same time! Literally buying when everyone sells and selling when everyone buys. Sneaky genius! All speculation but it makes sense imo.
As for Ethereum, I really don't know what to do. I would expect it to slowly bleed until the $100/80M marketcap because of this pump. But meanwhile Homestead might be released so it's a huge gamble...
@CLains I dont really believe it's newbies that cause all this cryptos to pump... This doesnt seem a wave of new users. Someone manipulated and started the initial pumps and masses desperatly follow since everyone's been itching for a bull market I guess? Plus Ethereum has lot of apparently bullish news.
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I dont really believe it's newbies that cause all this cryptos to pump... This doesnt seem a wave of new users. Someone manipulated and started the initial pumps and masses desperatly follow since everyone's been itching for a bull market I guess? Plus Ethereum has lot of apparently bullish news.
I've had people contact me about crypto lately wanting to get in, and thinking this is a good time. I think they are right on, that the sentiment is shifting. I had this crazy experience a few days ago as well, as I attended a presentation on some crypto I had never heard about, "onecoin," and it's not even listed on coinmarketcap, but it's a centralized network with an idolized leader and a multi-level referral structure, and it was extremely sophisticated in terms of caputuring 40-60 year olds who had no idea what crypto was, talking almost nothing about the coin itself, just all about the promise of great returns and being part of the next great thing, being almost cultlike in speech and enthusiasm. Both of these experiences probably colored how I view these pumps, but it seems only natural that it happens now as the existential crisis is somewhat avoided and alts have been artificially low for so long, and the infrastructure has matured to collect the masses in so many ways that we might not even realize judging just from our "coinmarketcap" surroundings.
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I dont really believe it's newbies that cause all this cryptos to pump... This doesnt seem a wave of new users. Someone manipulated and started the initial pumps and masses desperatly follow since everyone's been itching for a bull market I guess? Plus Ethereum has lot of apparently bullish news.
I've had people contact me about crypto lately wanting to get in, and thinking this is a good time. I think they are right on, that the sentiment is shifting. I had this crazy experience a few days ago as well, as I attended a presentation on some crypto I had never heard about, "onecoin," and it's not even listed on coinmarketcap, but it's a centralized network with an idolized leader and a multi-level referral structure, and it was extremely sophisticated in terms of caputuring 40-60 year olds who had no idea what crypto was, talking almost nothing about the coin itself, just all about the promise of great returns and being part of the next great thing, being almost cultlike in speech and enthusiasm. Both of these experiences probably colored how I view these pumps, but it seems only natural that it happens now as the existential crisis is somewhat avoided and alts have been artificially low for so long, and the infrastructure has matured to collect the masses in so many ways that we might not even realize judging just from our "coinmarketcap" surroundings.
Maybe its them!
It wouldn't be the first time a ponzi played the crypto markets.
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Wow BTS going up. Thats not supposed to be a thing that it can do. :P
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Wow BTS going up. Thats not supposed to be a thing that it can do. :P
China's going nuts. Getting cray cray now.
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Just dont go buying BTS on margin using your BTS as collateral again...
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谢谢
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BTS drops 100 sats instantly whenever I post on this forum. :P
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BTS drops 100 sats instantly whenever I post on this forum. :P
For the love of god get a sock puppet man.
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Lol that sure was fast. Oh well, I'm glad to see BTS at least has the potential for gainz.
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BTS drops 100 sats instantly whenever I post on this forum. :P
For the love of god get a sock puppet man.
Oh I meant 200 sats lol.
I might have shorted.
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China's going nuts. Getting cray cray now.
Loading up all those red envelopes for New Years.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
You should listen to every word this scammer has to say.
20 days ago he was paid 45K USD... 'some expenses' here just means he is selling every time BTS is above zero.... as he believes it will soon not be above that.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
That is not a good sign. Super3 is maybe the largest and earliest individual holder in BTS and mined the first block. If he sold at these prices it's not a good sign considering how many he had and how much it could be worth when the price is up.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
That is not a good sign. Super3 is maybe the largest and earliest individual holder in BTS and mined the first block. If he sold at these prices it's not a good sign considering how many he had and how much it could be worth when the price is up.
Super33 did not have some magical knowledge of things to come. He could be correct, and we could all be doomed, or he could be incorrect. From his past actions he seemed to be the type to take current profit rather than to defer gratification.
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He is one the creators of STORJ so I may just need to funds for his project.
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Sorry guys but super33 isn't me. See my last post:
3.BM began to write blog
BM taking poorly about projects that I support made me dump a bunch.
Now that BitShares is launched a lot of the hype is gone. Maybe need something else to look forward too?
Sold most of them last year, after BM talked poorly about projects that I support. The technology is promising, but was treated pretty poorly by the community (see the unsupported attacks in 2014). I have no ill will against BM or the community as this is where I got my start. Wish you all the moon +5%
Also why would I vote for bytemaster when thats the reason I sold?
Shawn
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I'm with you Shawn, thanx for bein here nonetheless, I love what you do as you know.
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While price has come back down, buy support on Poloniex has increased. A few days ago it was around ~60btc, right now ~170btc.
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Anyone knows this guy from twitter? https://www.reddit.com/r/CryptoMarkets/comments/42sjjb/looks_like_an_altcoin_revival_just_nailed_3_big/
seems to have predicted ethereum and doge pumps and now he aims for BitShares
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Anyone knows this guy from twitter? https://www.reddit.com/r/CryptoMarkets/comments/42sjjb/looks_like_an_altcoin_revival_just_nailed_3_big/
seems to have predicted ethereum and doge pumps and now he aims for BitShares
Question is... Should we sell on this rise? Based on the shit going on with the committee I think we will have a great chance to rebuy sub 7.5 million
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What committee shit? The fee discussion?
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Bitcrab and his s#!ty ideas...
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Anyone knows this guy from twitter? https://www.reddit.com/r/CryptoMarkets/comments/42sjjb/looks_like_an_altcoin_revival_just_nailed_3_big/
seems to have predicted ethereum and doge pumps and now he aims for BitShares
Question is... Should we sell on this rise? Based on the shit going on with the committee I think we will have a great chance to rebuy sub 7.5 million
we have almost $1M in volume and low price, doesn't that usually indicate something? I'm not trader btw. If it rises as high as ethereum it will most likely go down as well since there is nothing to back it up so... I can only dream of going back to 2~3k again lol
Anyone can propose whatever they want, they're free to do it. Everything's settled when you vote so if you're really confident some are bad ideas they will most likely not be approved.
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Anyone knows this guy from twitter? https://www.reddit.com/r/CryptoMarkets/comments/42sjjb/looks_like_an_altcoin_revival_just_nailed_3_big/
seems to have predicted ethereum and doge pumps and now he aims for BitShares
Question is... Should we sell on this rise? Based on the shit going on with the committee I think we will have a great chance to rebuy sub 7.5 million
And its on its way! New question... will it stop at 7.5 million or are we going down to sub 7 or even 6...
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Anyone knows this guy from twitter? https://www.reddit.com/r/CryptoMarkets/comments/42sjjb/looks_like_an_altcoin_revival_just_nailed_3_big/
seems to have predicted ethereum and doge pumps and now he aims for BitShares
Question is... Should we sell on this rise? Based on the shit going on with the committee I think we will have a great chance to rebuy sub 7.5 million
And its on its way! New question... will it stop at 7.5 million or are we going down to sub 7 or even 6...
I doubt it. Looks like a breakout to me. I think we continue to see some consolidation around 900 - 1100 sat and then the big move higher happens.
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@morpheus pls correct me since I don't trade, but doesn't it seem like we're testing around 950 - 920 satoshis now? And that will set the possible resistance/support level in the short term? If it maintains as support it's good news and could set a bullish trend? I'm seeing the 4 day chart btw. I guess that would only be in the short term?
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@morpheus pls correct me since I don't trade, but doesn't it seem like we're testing around 950 - 920 satoshis now? And that will set the possible resistance/support level in the short term? If it maintains as support it's good news and could set a bullish trend? I'm seeing the 4 day chart btw. I guess that would only be in the short term?
Looks like a breakout above the 50 dma (blue line). Bts has stayed below this moving average for a few months now. Next target is the 200 dma (red line), which bts has spent most of its trading life under. Then we set up a possible golden cross. IMO this breakout would be negated with a drop below 750, so plenty of room.
(http://i.imgur.com/yII0lfK.png)
However, the upper trendline is acting like pretty solid resistance in fiat (cny), with a hard pullback at this line.
(http://i.imgur.com/DqGCMmK.png)
The relative stability from November to now has been a silence phase, as one trader on bitcointalk observes. This has lead to longer term bull markets in bitcoin in the past on an occasion or two.
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morpheus is our new Ander
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morpheus is our new Ander
fuzzy is my new Ander!
When he says " Wait to see what great stuff we have cooking in the background"
...I sell (well, mostly short by now being out of stuff (BTS) to sell)
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
You should listen to every word this scammer has to say.
20 days ago he was paid 45K USD... 'some expenses' here just means he is selling every time BTS is above zero.... as he believes it will soon not be above that.
I listen to extended unofficial recording of today's mumble... and more than a few comments were directed at me (well I could be imagining that but...hell I do not)...
As far as BM goes... well, I have some faith left (otherwise I would not have listened) that this (BTS) is not a milking cow of yours, BM. Actions speak louder than words, so we will se how it goes in reality.
I will just repeat myself but the late December actions showed the opposite (go for the money on the table, with no care what BTS needs...as long as we are going to be paid and it is not totally negative it is fine etc. etc.)
@jcalfee1 and others - If I have the tech skills to do it, I would have been doing about exactly what asshole1 is doing... and no, it is not just tech issues. so coming to CNX would not proven all of his points ( as far as I get them).
For you and @onceuponatime it is also about a flowed system of fees. My take on it (I might be wrong but that is what I have gathered and deducted) is - if you value your token at X BTS/token....just go ahead and get X tokens for every crapcoin in your fee pool.
The last thing I want to address is 'the negativity factor' - I do believe 90% of you perceive me as the definition of that (asides from the totally baseless one like newmine). Well I have always felt I am the balancing factor against this forum's fan mob... but if you do thinks you are better off in your cloud of no- reasonable checks to your blind believes.. you will have your wishes come true soon enough.
As per Muse? AS someone correctly posted - I am out of it so I have not posted in those threads in....well, let's say I am posting like my name is Eddie.... My only question is - why do you all care? If it is a scam or if it a 'project that already targets some else's money? your actions should be the same? [btw I was at total lost with Rivers point that cob does not run the show... so fatty Eddy does it! Is he more responsive, trusted or what... ]
PS
none
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@tonyk I really hope that you don't leave us anytime soon. For what is worth I find your criticism on the spot most of the times..Some times you over do it but it is understandable...
Remember that you are not the only one losing lots of money with bts though..Lots of people lost everything the last couple of years with bts including my self..
However I still have a lot of faith on the project. The tech has potential and bts doesn't deserve to be where it is now..So my advice is keep the faith..Better days will come..I hope..
Of course comments from @bytemaster "I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :( " do not help keep the faith...I mean for the love of god mate...What pump are you talking about?? from $7 mil to $10 mil? Seriously?? I thought that we believed as a community that bts should be valued above $50 mil at least..It should be valued above DOGE or Dash at least.. And then the core dev says things like that I am asking and asking my self why on earth I still believe in bts, why not sell everything take my losses like a man and move away from this community forever...
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@tonyk I really hope that you don't leave us anytime soon. For what is worth I find your criticism on the spot most of the times..Some times you over do it but it is understandable...
Remember that you are not the only one losing lots of money with bts though..Lots of people lost everything the last couple of years with bts including my self..
However I still have a lot of faith on the project. The tech has potential and bts doesn't deserve to be where it is now..So my advice is keep the faith..Better days will come..I hope..
Of course comments from @bytemaster "I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :( " do not help keep the faith...I mean for the love of god mate...What pump are you talking about?? from $7 mil to $10 mil? Seriously?? I thought that we believed as a community that bts should be valued above $50 mil at least..It should be valued above DOGE or Dash at least.. And then the core dev says things like that I am asking and asking my self why on earth I still believe in bts, why not sell everything take my losses like a man and move away from this community forever...
Don't give-up man, I don't think many-- including some of the devs-- still realize the true potential of this project. And that is to remove the concept of money out of whole equation of economics. This technology should only focus on facilitating LABOR and EXCHANGE without diluting the means. So-called financial instruments are nothing but dilution , they are the result of humankind's desire to have control over time-space. A global ledger where anything can be traded is phenomenal idea. We need to get rid of old habits-- MONEY!
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morpheus is our new Ander
(https://media.licdn.com/mpr/mpr/shrinknp_800_800/AAEAAQAAAAAAAANhAAAAJDUxOWM4MDI3LTlhZjctNGZlNS1iODA0LWNmMjNlZWRiMmZjMQ.jpg)
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
You should listen to every word this scammer has to say.
20 days ago he was paid 45K USD... 'some expenses' here just means he is selling every time BTS is above zero.... as he believes it will soon not be above that.
I listen to extended unofficial recording of today's mumble... and more than a few comments were directed at me (well I could be imagining that but...hell I do not)...
As far as BM goes... well, I have some faith left (otherwise I would not have listened) that this (BTS) is not a milking cow of yours, BM. Actions speak louder than words, so we will se how it goes in reality.
I will just repeat myself but the late December actions showed the opposite (go for the money on the table, with no care what BTS needs...as long as we are going to be paid and it is not totally negative it is fine etc. etc.)
@jcalfee1 and others - If I have the tech skills to do it, I would have been doing about exactly what asshole1 is doing... and no, it is not just tech issues. so coming to CNX would not proven all of his points ( as far as I get them).
For you and @onceuponatime it is also about a flowed system of fees. My take on it (I might be wrong but that is what I have gathered and deducted) is - if you value your token at X BTS/token....just go ahead and get X tokens for every crapcoin in your fee pool.
The last thing I want to address is 'the negativity factor' - I do believe 90% of you perceive me as the definition of that (asides from the totally baseless one like newmine). Well I have always felt I am the balancing factor against this forum's fan mob... but if you do thinks you are better off in your cloud of no- reasonable checks to your blind believes.. you will have your wishes come true soon enough.
As per Muse? AS someone correctly posted - I am out of it so I have not posted in those threads in....well, let's say I am posting like my name is Eddie.... My only question is - why do you all care? If it is a scam or if it a 'project that already targets some else's money? your actions should be the same? [btw I was at total lost with Rivers point that cob does not run the show... so fatty Eddy does it! Is he more responsive, trusted or what... ]
PS
none
Huh, what the hell happened? I know you as a critical person TonyK, but I missed the part where you are seen as a new newmine on the forums. I know I was not on the forums that much lately, but what the hell. I can't remember a discussion about you specifically, or are you talking about me? After the MUSE-thing I mentioned having had a discussion with you on a forum thread long ago about peoples expectations. On another note, why aren't you on mumble anymore, I liked talking to you there. Did you and Fuzzy have a fight or something?
About the MUSE thing, I'm not sure if they are targeting the bitshares community to be brutally honest. I do agree with the remark that it's odd to not talk or keep in touch with people who've invested in the project. However, I've got this suspicion that the bitshares community is not the intended target of this new endeavor on the stage of the giant copyright industry that has so much money it can bend laws to reach across outside of their own jurisdiction.
As for fundamentals, I'm not a trader, but is the world of speculators enough to keep the bitshares project afloat? In my endless ignorance I thought that there was a need for real life businesses getting onboard and using the technology or appeal to the completely hobbyist free(dom) software enthusiasts. I personally was always more interested in the freedom part and the software toolkit allowing all kinds of blockchains to be developed. But you TonyK were always here to counter my idealistic fancies, so I kinda hoped you'd stay around to keep an eye out on the pragmatic and economic aspects.
I do agree with your point about getting tired about empty promises, but why would you attack fuzzy on that personally? What does Fuzzy have to do with "announcements" for bitshares?
Shit I really feel out of the loop, where can I read a summary on what happened?
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
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I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :(
On the brighter side super33 appears to be out of BTS to sell.
You should listen to every word this scammer has to say.
20 days ago he was paid 45K USD... 'some expenses' here just means he is selling every time BTS is above zero.... as he believes it will soon not be above that.
I listen to extended unofficial recording of today's mumble... and more than a few comments were directed at me (well I could be imagining that but...hell I do not)...
As far as BM goes... well, I have some faith left (otherwise I would not have listened) that this (BTS) is not a milking cow of yours, BM. Actions speak louder than words, so we will se how it goes in reality.
I will just repeat myself but the late December actions showed the opposite (go for the money on the table, with no care what BTS needs...as long as we are going to be paid and it is not totally negative it is fine etc. etc.)
@jcalfee1 and others - If I have the tech skills to do it, I would have been doing about exactly what asshole1 is doing... and no, it is not just tech issues. so coming to CNX would not proven all of his points ( as far as I get them).
For you and @onceuponatime it is also about a flowed system of fees. My take on it (I might be wrong but that is what I have gathered and deducted) is - if you value your token at X BTS/token....just go ahead and get X tokens for every crapcoin in your fee pool.
The last thing I want to address is 'the negativity factor' - I do believe 90% of you perceive me as the definition of that (asides from the totally baseless one like newmine). Well I have always felt I am the balancing factor against this forum's fan mob... but if you do thinks you are better off in your cloud of no- reasonable checks to your blind believes.. you will have your wishes come true soon enough.
As per Muse? AS someone correctly posted - I am out of it so I have not posted in those threads in....well, let's say I am posting like my name is Eddie.... My only question is - why do you all care? If it is a scam or if it a 'project that already targets some else's money? your actions should be the same? [btw I was at total lost with Rivers point that cob does not run the show... so fatty Eddy does it! Is he more responsive, trusted or what... ]
PS
none
Huh, what the hell happened? I know you as a critical person TonyK, but I missed the part where you are seen as a new newmine on the forums. I know I was not on the forums that much lately, but what the hell. I can't remember a discussion about you specifically, or are you talking about me? After the MUSE-thing I mentioned having had a discussion with you on a forum thread long ago about peoples expectations. On another note, why aren't you on mumble anymore, I liked talking to you there. Did you and Fuzzy have a fight or something?
About the MUSE thing, I'm not sure if they are targeting the bitshares community to be brutally honest. I do agree with the remark that it's odd to not talk or keep in touch with people who've invested in the project. However, I've got this suspicion that the bitshares community is not the intended target of this new endeavor on the stage of the giant copyright industry that has so much money it can bend laws to reach across outside of their own jurisdiction.
As for fundamentals, I'm not a trader, but is the world of speculators enough to keep the bitshares project afloat? In my endless ignorance I thought that there was a need for real life businesses getting onboard and using the technology or appeal to the completely hobbyist free(dom) software enthusiasts. I personally was always more interested in the freedom part and the software toolkit allowing all kinds of blockchains to be developed. But you TonyK were always here to counter my idealistic fancies, so I kinda hoped you'd stay around to keep an eye out on the pragmatic and economic aspects.
I do agree with your point about getting tired about empty promises, but why would you attack fuzzy on that personally? What does Fuzzy have to do with "announcements" for bitshares?
Shit I really feel out of the loop, where can I read a summary on what happened?
well, imagine a reality where physically I (it is better if you imagine yourself in that situation) cannot speak. And I do mean physically cannot speak.(imagine something as hard as: your boat home sunk in the gulf of Mexico and you needing to live in it in Holland)
... and the personal attacks on fuzzy are made up stuff (this time disability on his behalf... PTSD or something...)
And if you think I am here for the short run?!... quick gains or something.... you got me wrong. But I am not also here for the stupid decisions on the medium-long term, and opinionless... maybe not as idealistic as you JoeD but who the hell is.
.
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
Here is something that makes me believe in BitShares - the exchange is actually growing in usage: http://cryptofresh.com/charts
The overall trend is up, and each of those peaks are higher.
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
Here is something that makes me believe in BitShares - the exchange is actually growing in usage: http://cryptofresh.com/charts
The overall trend is up, and each of those peaks are higher.
You mean the asshole's "bot" is working greater each passing day?... well together of the other 'no-matching' bots?
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@tonyk I really hope that you don't leave us anytime soon. For what is worth I find your criticism on the spot most of the times..Some times you over do it but it is understandable...
Remember that you are not the only one losing lots of money with bts though..Lots of people lost everything the last couple of years with bts including my self..
However I still have a lot of faith on the project. The tech has potential and bts doesn't deserve to be where it is now..So my advice is keep the faith..Better days will come..I hope..
Of course comments from @bytemaster "I confess to selling from ANGEL today to cover some expenses. Unfortunately, I sold just prior to the big pump :( " do not help keep the faith...I mean for the love of god mate...What pump are you talking about?? from $7 mil to $10 mil? Seriously?? I thought that we believed as a community that bts should be valued above $50 mil at least..It should be valued above DOGE or Dash at least.. And then the core dev says things like that I am asking and asking my self why on earth I still believe in bts, why not sell everything take my losses like a man and move away from this community forever...
It is been decided - positivity is what matters most now.
I for sure am at my worst faking it.
For me objectivity is the thing most valuable to me.
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...
well, imagine a reality where physically I (it is better if you imagine yourself in that situation) cannot speak. And I do mean physically cannot speak.(imagine something as hard as: your boat home sunk in the gulf of Mexico and you needing to live in it in Holland)
... and the personal attacks on fuzzy are made up stuff (this time disability on his behalf... PTSD or something...)
And if you think I am here for the short run?!... quick gains or something.... you got me wrong. But I am not also here for the stupid decisions on the medium-long term, and opinionless... maybe not as idealistic as you JoeD but who the hell is.
.
Ok you lost me on the sunken boat stuff. I guess you mean you have no microphone or something like that.
Btw I wasn't trying to say you were in it for the short run, quick gains or anything like that. I was saying that you have a different perspective on things than I do. When I'm saying I'm an idealist, I do not mean that in the wishy washy political correct sense. I literally mean I have ideals which I think are the existential reasons for a particular solution. I do not believe in solutions for the heck of it, or for some unknown ideal. To me crypto and bitshares are nothing more than possible steps in the right direction, but in no way do I see them as some kind of holy grail and honestly I'm having a hard time dealing with all the ways I'm seeing crypto and bitshares going wrong. It's just that I haven't been able to find anything better. I suspect I might be a lot harder in my views than you are TonyK, bordering misanthropic. I'm absolutely not in favor of lack of opinion, fanboyism or justifying stupid decisions or being unrealistic. I was and still am quite critical of what has been going on here and the rest of the crypto space, although I did stop repeating myself after a couple of times and after my concerns were overruled or ignored by the community at large. Also I was never able to be as vocal about the trading and distributed exchange and it's concepts as you, because those were never topics that rocked my boat, nor where I had any knowledge or insight on.
It might be a language barrier thing, but I get the impression you think I'm attacking you or something happened here while I was away. I got swamped with real life trouble before the 2.0 cryptonomex switch happened and have been unable to keep up to speed on what's been going on here. But reading your latest post in this thread seems to point to you being pretty pissed off. This might be going off topic too much though. Sorry for derailing the topic, I was just surprised reading your post. Still wish I could get a chance talking to you again, I enjoyed my conversations with you and Gamey.
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It is been decided - positivity is what matters most now.
I for sure am at my worst faking it.
For me objectivity is the thing most valuable to me.
Spewing venom is what we don't want. Honesty and objectivity are good.
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My BTC expectations:
Dump then pump. Maybe down to $200, most likely below $300 only to shoot up to $500 by summer because of the halving
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My BTC expectations:
Dump then pump. Maybe down to 200, most likely below 300 only to shoot up to 500 by summer because of the halving
Could be down to 50 or 80 sato or better. Sub 20 sounds pretty realistic at this point.
Expecting to see the sell orders placed in sub 10 range.
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My BTC expectations:
Dump then pump. Maybe down to 200, most likely below 300 only to shoot up to 500 by summer because of the halving
Could be down to 50 or 80 sato or better. Sub 20 sounds pretty realistic at this point.
Expecting to see the sell orders placed in sub 10 range.
50 or 80 satoshis? I was talking about btc price sorry
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My BTC expectations:
Dump then pump. Maybe down to 200, most likely below 300 only to shoot up to 500 by summer because of the halving
Could be down to 50 or 80 sato or better. Sub 20 sounds pretty realistic at this point.
Expecting to see the sell orders placed in sub 10 range.
50 or 80 satoshis? I was talking about btc price sorry
Yeap, right. I was thinking about bts doom hehe.
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
Here is something that makes me believe in BitShares - the exchange is actually growing in usage: http://cryptofresh.com/charts
The overall trend is up, and each of those peaks are higher.
You mean the asshole's "bot" is working greater each passing day?... well together of the other 'no-matching' bots?
Are the bots paying fees resulting in BTS being burned or returned to the reserve pool? If so then it doesnt really matter whether its a bot or a person making the orders.
Successful exchanges with liquidity will attract a lot of bots. Poloniex has tons of them, any time you put in a big order, bots will instantly move orders in front of it.
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
Here is something that makes me believe in BitShares - the exchange is actually growing in usage: http://cryptofresh.com/charts
The overall trend is up, and each of those peaks are higher.
You mean the asshole's "bot" is working greater each passing day?... well together of the other 'no-matching' bots?
Are the bots paying fees resulting in BTS being burned or returned to the reserve pool? If so then it doesnt really matter whether its a bot or a person making the orders.
Successful exchanges with liquidity will attract a lot of bots. Poloniex has tons of them, any time you put in a big order, bots will instantly move orders in front of it.
Its actually a really neat site to see whats happening with bitshares
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I would filter by filled orders as asshole1 is probably just creating and canceling.
(http://i.imgur.com/kAYjJVs.png)
Looks like a steady linear uptrend for now. Hopefully we can stabilize at higher rates.
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http://cryptofresh.com/u/deer0913
9M incoming
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http://cryptofresh.com/u/deer0913
9M incoming
Could be wanting to get in on the ETH bandwagon... The speculation with ETH is simply amazing. More liquidity on the bts market would help significantly once people can see they can easily get in and out of the derivatives.
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morpheus is our new Ander
I'm glad there is at least one person in the world that still believes in Bitshares' potential.
Here is something that makes me believe in BitShares - the exchange is actually growing in usage: http://cryptofresh.com/charts
The overall trend is up, and each of those peaks are higher.
You mean the asshole's "bot" is working greater each passing day?... well together of the other 'no-matching' bots?
Are the bots paying fees resulting in BTS being burned or returned to the reserve pool? If so then it doesnt really matter whether its a bot or a person making the orders.
Successful exchanges with liquidity will attract a lot of bots. Poloniex has tons of them, any time you put in a big order, bots will instantly move orders in front of it.
Yes they're paying. Kkachi already paid around 500~1000 (after LTM) BTS and will pay more as market grows. Durumi is under testing but is expected to work with Open.ETH.
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ITS ALIVE!
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ITS ALIVE!
wow what happened? What are the news?
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ITS ALIVE!
wow what happened? What are the news?
Nothing. Its just that traders got an absolute shitton of money from ETH and EXP and now they are goign to buy up everything.
Do not sell your BTS.
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ITS ALIVE!
wow what happened? What are the news?
Some plebs did better marketing at poloniex trollbox for free and were more effective than some overpaid scrubs here :P
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ITS ALIVE!
wow what happened? What are the news?
Nothing. Its just that traders got an absolute shitton of money from ETH and EXP and now they are goign to buy up everything.
Do not sell your BTS.
If some got a a lot of money, someone had to loose it :P
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WOW!
Its like...5% of the percentage rally that ETH got!
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Just dont start marginng all in long with your BTS stack as your collateral. :P
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Just dont start marginng all in long with your BTS stack as your collateral. :P
I will be settling my shorts in the DEX before I lower my ratio. The spike is great but there's danger in these here waters....
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ITS ALIVE!
wow what happened? What are the news?
Some plebs did better marketing at poloniex trollbox for free and were more effective than some overpaid scrubs here :P
I saw Xeroc in there the other day laying down the truth.
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
Probably. Dev selling has always been the worst thing for this project. Back under 1200 again.
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
Probably. Dev selling has always been the worst thing for this project. Back under 1200 again.
Looked like an attention gaining pump was unfolding until that...
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
Probably. Dev selling has always been the worst thing for this project. Back under 1200 again.
Looked like an attention gaining pump was unfolding until that...
Yep. BTS community is its worst enemy. Any time BTS gets any momentum, someone makes a huge dump and ruins it.
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
Probably. Dev selling has always been the worst thing for this project. Back under 1200 again.
Looked like an attention gaining pump was unfolding until that...
Yep. BTS community is its worst enemy. Any time BTS gets any momentum, someone makes a huge dump and ruins it.
Well then they wont have any to sell soon.. These prices are low.. Good for big whales to sell
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
Probably. Dev selling has always been the worst thing for this project. Back under 1200 again.
Looked like an attention gaining pump was unfolding until that...
Yep. BTS community is its worst enemy. Any time BTS gets any momentum, someone makes a huge dump and ruins it.
Well then they wont have any to sell soon.. These prices are low.. Good for big whales to sell
It was nice to see that some really big whales gave up and dumped back at 500 sats. We wont have that supply hanging over the project in the future.
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I bought some BTS (not on margin) at 1100 sats today, for the first time in like 4 months. :)
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I bought some BTS (not on margin) at 1100 sats today, for the first time in like 4 months. :)
Back over 1200 :).
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I bought some BTS (not on margin) at 1100 sats today, for the first time in like 4 months. :)
Back over 1200 :).
3 30% moves in 1/2 hour...what is the word I am looking for?...
healthy
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3 30% moves in 1/2 hour...what is the word I am looking for?...
healthy
What could possibly go wrong? :o
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You all should have been into expanse +2850% for a day..
and this is all real cause... the volume is 6000BTC...
PS
I do think polo is hacked.
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PS
I do think polo is hacked.
Would love to see that just to see people's reactions. Call me a douche.
Btw if someone sees the volume of BitShares Asset Exchange here http://coinmarketcap.com/exchanges/volume/24-hour/ higher than 25k which was the highest I managed to took a pic, please take a printscreen so we can share it.
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localhost dumped another 5M to Polo.
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You all should have been into expanse +2850% for a day..
and this is all real cause... the volume is 6000BTC...
PS
I do think polo is hacked.
No, people are just that insane. And some of them probably got a ton of btc of hodling ETH and have never had that much before, and gambled on EXP.
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localhost dumped another 5M to Polo.
? I only see a transfer 1h ago. The last one after that was 14h ago. Unless you didn't see Empirical1.2's post
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Is the EMC/Openledger partnership significant? If it is that's pretty good news considering EMC will be on Microsoft Baas so BTS could sneak in the backdoor that way.
https://bitsharestalk.org/index.php/topic,21364.0.html
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Is the EMC/Openledger partnership significant? If it is that's pretty good news considering EMC will be on Microsoft Baas so BTS could sneak in the backdoor that way.
https://bitsharestalk.org/index.php/topic,21364.0.html
I really hope so. BTS needs to make something significant out of this OpenLedger, Emercoin, etc partnership.
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What is the motivation? BTS is going to be the next pump as it is the only one underpriced at the moment. Obviously if there is support by everyone and lets it ride. Either that or it is kept at low price... until a big announcement to avoid sharp dumps.
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Is the EMC/Openledger partnership significant? If it is that's pretty good news considering EMC will be on Microsoft Baas so BTS could sneak in the backdoor that way.
https://bitsharestalk.org/index.php/topic,21364.0.html
doubt it
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please guys be cool and don't dump until we claim at least again the 4th place above litecoin..Let's make the difference for once..And please start providing some liquidity in the dex by not demanding absurb premiums for the bitassets..
If we all work together we can make this happen. We need some strong hands now.. :)
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please guys be cool and don't dump until we claim at least again the 4th place above litecoin..Let's make the difference for once..And please start providing some liquidity in the dex by not demanding absurb premiums for the bitassets..
If we all work together we can make this happen. We need some strong hands now.. :)
You'll have to pry my BitShares from my cold dead fingers with a crowbar before I give mine up.... ;D
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that's the spirit! :)
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please guys be cool and don't dump until we claim at least again the 4th place above litecoin..Let's make the difference for once..And please start providing some liquidity in the dex by not demanding absurb premiums for the bitassets..
If we all work together we can make this happen. We need some strong hands now.. :)
You'll have to pry my BitShares from my cold dead fingers with a crowbar before I give mine up.... ;D
If some people don't dump , they don't have money to put food on the table or paid by market rate .
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
wrong on both counts.
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currently no one can trade on Polo. People are staring to asking for a decentralize exchange! Now is the time for everyone to go on Polo and advertise our DEX and now is the time to bring that liquidity in our DEX by not asking absurd premiums for the bitassets!
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localhost dumped another 5M to Polo.
Maybe cryptsy
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localhost just sent 5 million to Poloniex, has 32 million BTS in account who's that?
in my view BM (or close relative)
wrong on both counts.
glad to hear that because I also thought that that was you and was thinking what the f..k is he doing ..
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please guys be cool and don't dump until we claim at least again the 4th place above litecoin..Let's make the difference for once..And please start providing some liquidity in the dex by not demanding absurb premiums for the bitassets..
If we all work together we can make this happen. We need some strong hands now.. :)
You'll have to pry my BitShares from my cold dead fingers with a crowbar before I give mine up.... ;D
If some people don't dump , they don't have money to put food on the table or paid by market rate .
I agree. I will never get why people here think it's a good idea to try to shame others for selling their personal property.
Bytemaster does not owe you an explanation for exercising his property rights. Doesn't matter if he sold or held. It's not his responsibility to use his stake to prop up the short term price or explain his trades to you.
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I agree. I will never get why people here think it's a good idea to try to shame others for selling their personal property.
Bytemaster does not owe you an explanation for exercising his property rights. Doesn't matter if he sold or held. It's not his responsibility to use his stake to prop up the short term price or explain his trades to you.
[/quote]
That is right.
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It is his right.. Although id like to know if he is selling because as a dev myself i know what this means.
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It is his right.. Although id like to know if he is selling because as a dev myself i know what this means.
It may mean something for you , but it means nothing in BM's case even if he did sell . Because he can always find ways to generate more BTS to make up for the ones he sold eventually(by ....you know) . So selling at the low price doesn't mean he has no hope for BTS . It just mean he is pretty sure that he has more influence on the dilution budget than the voters think .
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It is his right.. Although id like to know if he is selling because as a dev myself i know what this means.
It may mean something for you , but it means nothing in BM's case even if he did sell . Because he can always find ways to generate more BTS to make up for the ones he sold eventually(by ....you know) . So selling at the low price doesn't mean he has no hope for BTS . It just mean he is pretty sure that he has more influence on the dilution budget than the voters think .
Of course if I sold I would have less direct influence. Also, payment via dilution for work is the same as if I payed cash for the diluted shares and then bts stakeholders got to decide where the cash was spent.
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It is his right.. Although id like to know if he is selling because as a dev myself i know what this means.
It may mean something for you , but it means nothing in BM's case even if he did sell . Because he can always find ways to generate more BTS to make up for the ones he sold eventually(by ....you know) . So selling at the low price doesn't mean he has no hope for BTS . It just mean he is pretty sure that he has more influence on the dilution budget than the voters think .
Of course if I sold I would have less direct influence. Also, payment via dilution for work is the same as if I payed cash for the diluted shares and then bts stakeholders got to decide where the cash was spent.
If I know I have X votes , and people who vote against me have Y votes (give it time , through observation , it's easy to predict), and I know whomever I sold to on the market barely becomes voters . As long as (X-Sold)>Y , the influence is the same .
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It is his right.. Although id like to know if he is selling because as a dev myself i know what this means.
It may mean something for you , but it means nothing in BM's case even if he did sell . Because he can always find ways to generate more BTS to make up for the ones he sold eventually(by ....you know) . So selling at the low price doesn't mean he has no hope for BTS . It just mean he is pretty sure that he has more influence on the dilution budget than the voters think .
Hmm, he has recently been arguing for max dilution... :P
Rather than adjusting the supply, we could just commit to the maximum level of inflation and then allocate it as best as we can. This way any unexpected reductions in inflation can boost the price rather than fear, uncertainty, and doubt every time we vote for something.
Speaking of large holders, forum poster jonnybitcoin has a large amount, 17 million BTS https://bitshares.openledger.info/#/account/jonnybitcoin/overview
So he obv. has some confidence in the future of BTS, or maybe he just needs lots of BTS to move the price for his BitAsset trades :P
https://bitsharestalk.org/index.php/topic,21197.msg276628.html#msg276628
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heavy drop again :o
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They are pumping some absurd things right now.
Pumped YACC because it was 1 sat, they pushed it to 50. Now they are pumping DIEM, because it was 1 sat. lol.
Apparently there are a ton of idiots in crypto who will buy anything if its up hundreds of percent. But they do not think for themselves and realize what a good crypto is.
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BTS chart is looking pretty decent now.
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BTS chart is looking pretty decent now.
But because i said that, probably insta dump to 800 :P
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I bought BTS again. Got some profit from Qora and Burst and a couple random pump coins and I think we (BTS) are headed up again.
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I bought BTS again. Got some profit from Qora and Burst and a couple random pump coins and I think we (BTS) are headed up again.
Let's take that 1400 support from may-october back
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another one http://cryptofresh.com/b/3573130
not sure when they will hit the exchange though since it was deposits were lagging
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I bought BTS again. Got some profit from Qora and Burst and a couple random pump coins and I think we (BTS) are headed up again.
I did the same thing. It's been a long time since I've been this optimistic about our direction. I just wish we had a default day mode on the wallet. That dark theme is depressing to look at. :)
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Is that idea I saw a couple weeks back with the free BTS transactions, where you get a number of them per time period based on your stake, going to happen? That idea was pretty awesome and made me have hope for Bitshares again.
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Is that idea I saw a couple weeks back with the free BTS transactions, where you get a number of them per time period based on your stake, going to happen? That idea was pretty awesome and made me have hope for Bitshares again.
Yup.. already underway with testing:
https://bitsharestalk.org/index.php/topic,21462.0.html
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The price is over 1200 sats!!!
Someone make it stawp!!!
Whale dump already and go buy some Ethereum like all teh kewl kids!!!
:P
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The price is over 1200 sats!!!
Someone make it stawp!!!
Whale dump already and go buy some Ethereum like all teh kewl kids!!!
:P
https://bitsharestalk.org/index.php/topic,21487.msg279643.html#msg279643
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The price is over 1200 sats!!!
Someone make it stawp!!!
Whale dump already and go buy some Ethereum like all teh kewl kids!!!
:P
No.
I'm buying.
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I always buy in when Localhost and BM dumps :P Then the price must go up for a short time . Nice trading signal .
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I always buy in when Localhost and BM dumps :P Then the price must go up for a short time . Nice trading signal .
Also when the polo deposit wallet is temporarily down. That way the devs cant send any there to dump.
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I always buy in when Localhost and BM dumps [emoji14] Then the price must go up for a short time . Nice trading signal .
Also when the polo deposit wallet is temporarily down. That way the devs cant send any there to dump.
Temporarily = over 36 hours[emoji14]
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I always buy in when Localhost and BM dumps :P Then the price must go up for a short time . Nice trading signal .
haha, yes BM claimed localhost is not him or close relative...In all honesty, he just took the chance to mislead the public because I did not nailed it down precisely! But we all know what I meant - someone very close in the loop. (he himself, developer, CNX, huge investor with feel for the pulse etc - someone very deep in the KNOW).
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I shouldnt have bought some at 1200, shouldve waited for a dump. :P
It never fails that BTS dumps any time I buy a rise.
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I always buy in when Localhost and BM dumps [emoji14] Then the price must go up for a short time . Nice trading signal .
Also when the polo deposit wallet is temporarily down. That way the devs cant send any there to dump.
Temporarily = over 36 hours[emoji14]
Then all deposits hit the exchange at the same time, causing more impact
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I managed to add more BTS in the 1160s on that dump, and it looks to be rising again.
(The polo wallet and potential dump when it becomes active again and people's deposits go through is slightly worrying though. But hopefully that will be a dump from 1400 to 1300 or something).
Loving BTS and XMR right now. Maid is also doing great but sadly I dont have any right now. But I worry that when Maid releases it will be a 'sell the news' event like BTS 2.0 release.
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buy dips and place buyorders.. steady does it.
the whales selling are losing (silly gooses) to the inevitable 8)
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Wow MAID what happened. Earlier I was regretting having missed it, and now I'm just glad I'm not in it.
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(http://i.imgur.com/4gIxxHp.jpg)
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Noisy that picture is pretty freaking awesome!
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(http://i.imgur.com/4gIxxHp.jpg)
Who is it?
Were he really looking at those sites?
-
LOL noisy that picture is awesome, stole it and shared it on twitter
@abit it's just a fake picture, but it's funny
-
Its awesome that you can tell he is really looking at the Bitshares forum. You can even see the metaexchange forum signatures.
-
(http://i.imgur.com/Fsgd6Hl.jpg)
-
(http://i.imgur.com/Fsgd6Hl.jpg)
Love it.. I'm a total Suits fan. :)
"That's the difference between you and me, you wanna lose small, I wanna win big."
"The only time success comes before work is in the dictionary."
-
(http://www.newnownext.com/wp-content/uploads/backlot/2012/07/Ennis-Jack-brokeback-mountain-4727112-1008-6301.jpg)
-
BTS is currently holding up well right now, while several other major coins on polo are down 20-30%. Thats good.
-
Nevermind, now everything crashing.
-
Like every coin just had longs get liquidated.
-
Nevermind, now everything crashing.
on btc38 bts holds well. Besides... BTS in relation to USD is still ok.
-
Nevermind, now everything crashing.
Its hard to keep the uptrend when Bitcoin rises
-
I feel like Polo always has BTS trending downward, while BTC38 tries to hold it back up. Thank the stars for BTC38 or the price would probably really be in the shitter.
Reminds me of that time a few months back when BTC38 deposits/withdrawals were halted, and the Polo price just crashed down to like 600 sats overnight.
-
let's pump on POLONIEX,it's chance
-
(http://rs271.pbsrc.com/albums/jj152/crazy_wolf12/oh_noes.gif~c200)
-
but will we go back to 850 before we go up again?
-
but will we go back to 850 before we go up again?
mos def. my crypto predictor, which is 99.95% accurate 50% of the time, says there's a 50% chance we're going to 625 sats within hours. best to sell now and buy back lower.
-
Reminds me of that time a few months back when BTC38 deposits/withdrawals were halted, and the Polo price just crashed down to like 600 sats overnight.
Yes, when that happened I think people were literally afraid that BTS had forked and the btc38 was going to be stuck on 1.0 or something.
-
but will we go back to 850 before we go up again?
mos def. my crypto predictor, which is 99.95% accurate 50% of the time, says there's a 50% chance we're going to 625 sats within hours. best to sell now and buy back lower.
Lol
-
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.
I wish there were even more businesses that this, but at least its a start. The way I see it, businesses are the primary customers of BTS. We will never get mass adoption by normal users, or at least not for a long time, in some future where cryptos in general achieve adoption, but we can achieve adoption by businesses, who will get their users using BTS without even knowing it.
Its sad that the Banx guys never did anything with BTS 2.0, and apparently turned out to be the scam that some were accusing them of being. If they were legit, then BTS 2.0 could have been the way for them to prove their legitimacy. Their delay in upgrading to it probably means they are a scam and were using BTS as a way to keep things going for a few more months.
No scam here Ander - we are currently working on the move to BTS 2.0 as we speak ;)
-
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.
I wish there were even more businesses that this, but at least its a start. The way I see it, businesses are the primary customers of BTS. We will never get mass adoption by normal users, or at least not for a long time, in some future where cryptos in general achieve adoption, but we can achieve adoption by businesses, who will get their users using BTS without even knowing it.
Its sad that the Banx guys never did anything with BTS 2.0, and apparently turned out to be the scam that some were accusing them of being. If they were legit, then BTS 2.0 could have been the way for them to prove their legitimacy. Their delay in upgrading to it probably means they are a scam and were using BTS as a way to keep things going for a few more months.
No scam here Ander - we are currently working on the move to BTS 2.0 as we speak ;)
Well, I hope that does indeed happen.
-
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.
Wow thank you Riverhead!! +5% +5% +5% :D :D :D
Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.
I wish there were even more businesses that this, but at least its a start. The way I see it, businesses are the primary customers of BTS. We will never get mass adoption by normal users, or at least not for a long time, in some future where cryptos in general achieve adoption, but we can achieve adoption by businesses, who will get their users using BTS without even knowing it.
Its sad that the Banx guys never did anything with BTS 2.0, and apparently turned out to be the scam that some were accusing them of being. If they were legit, then BTS 2.0 could have been the way for them to prove their legitimacy. Their delay in upgrading to it probably means they are a scam and were using BTS as a way to keep things going for a few more months.
No scam here Ander - we are currently working on the move to BTS 2.0 as we speak ;)
Well, I hope that does indeed happen.
I guess your using the term 'speak' loosely since its been about 100 days since the last time we heard from you around here.
-
localhost sent 5,000,000 BTS to poloniexwallet
19 hours ago
-
localhost sent 5,000,000 BTS to poloniexwallet
19 hours ago
Good...I think that guy / echange is the only one holding the price low currently..He has already dumped half of his bts, once he dumps the other half then moon..
-
localhost sent 5,000,000 BTS to poloniexwallet
19 hours ago
Someone on the dev team i guess? Cool to get rid of whales, hopefully makes this dev hungrier once proce increases
-
is there a bug in BTS where localhost can produce coin from thin air ? curios
-
is there a bug in BTS where localhost can produce coin from thin air ? curios
Assuming each time he sends bts to polo he dumps and doesn't send it to any other accounts we don't know of, he has already dumped 35M BTS. $100k approximately assuming a price of $0.003
He is down to 20M "only" but claimed more shares 4 days ago so there's no way of knowing if he can just keep claiming funds in case he has even a bigger amount of BTS. At $0.004 is more $80k, this, assuming he doesn't have more or the price increases. It can be $100k or more.
-
is there a bug in BTS where localhost can produce coin from thin air ? curios
Assuming each time he sends bts to polo he dumps and doesn't send it to any other accounts we don't know of, he has already dumped 35M BTS. $100k approximately assuming a price of $0.003
He is down to 20M "only" but claimed more shares 4 days ago so there's no way of knowing if he can just keep claiming funds in case he has even a bigger amount of BTS. At $0.004 is more $80k, this, assuming he doesn't have more or the price increases. It can be $100k or more.
FYI look at his another account (probably), trust
-
It's probably Brian Page...
-
is there a bug in BTS where localhost can produce coin from thin air ? curios
Assuming each time he sends bts to polo he dumps and doesn't send it to any other accounts we don't know of, he has already dumped 35M BTS. $100k approximately assuming a price of $0.003
He is down to 20M "only" but claimed more shares 4 days ago so there's no way of knowing if he can just keep claiming funds in case he has even a bigger amount of BTS. At $0.004 is more $80k, this, assuming he doesn't have more or the price increases. It can be $100k or more.
FYI look at his another account (probably), trust
And with stealth, if we have whales waiting for it to claim balances, we could get even i guess. Maybe in a year these won't be so frequent.
-
Oh brother, where art thou?
https://www.youtube.com/watch?v=meCZ5hWNRFU
-
Price testing support at ~950. Hopefully this will not break :-\
-
Price testing support at ~950. Hopefully this will not break :-\
https://youtu.be/LdHKIx6smag (https://youtu.be/LdHKIx6smag)
-
people just temporarily exited to get in on BTC rally. in reality when BTC goes higher, BTS value increases, as we'll see the moment BTC stops rising :)
-
(http://s.quickmeme.com/img/f2/f25a496730a8d2cd0950e06b34c5cfb7bb7de44a02ea3daef92087d752926343.jpg)
-
bts rocket imminent
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
yeah that' a good point. They will be a lot less meaningful, these transfers.
someone should make a graph of transfers to poloniex with the price, to see if actual speculative front-running of these transfers is occurring.
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
This is why I wanted to prioritize stealth. Lack of stealth was really hurting our chain... probably causing most users to transfer to poloniex and keep it there so they can trade privately. Perhaps localhost should transfer everything there and then surprise the market rather than tipping off everyone to their rate of selling.
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
yeah that' a good point. They will be a lot less meaningful, these transfers.
someone should make a graph of transfers to poloniex with the price, to see if actual speculative front-running of these transfers is occurring.
Sometimes I get confused here because I'm not sure if I'm on an IRS, SEC or BTS forum, so I double check before posting.
But I'm pretty sure some of you here pry into and speculate about others finincials more than those two. :-\
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
It is natural for investors/speculators to be interested in any bts buying and selling activities by major shareholders. This happens to the real world stock trading too. Let's take it in stride.
-
localhost sent 5,000,000 BTS to poloniexwallet
4 hours ago
Literally every time I see these posts it reminds me of a major flaw of bitshares and makes me want to sell it.
But go ahead you guys, keep posting this every time anyone with a decent amount of BTS sends soem to poloniex.
Exactly!
Btw localhost is probably enjoying this transfer, anyone in the future that transfers so many bts in an exchange without stealth will be viewed with distrust.
It is natural for investors/speculators to be interested in any bts buying and selling activities by major shareholders. This happens to the real world stock trading too. Let's take it in stride.
Agree... Insiders have to report their transactions in their companies stocks. Whether its right or wrong is debatable, but it is commonplace in the investment world. It does help level the playing field for the common investor who doesn't have real time access to privileged company knowledge.
Also large stock holders must report position activity regardless of whether or not they are an insider. This is to used to prevent manipulation by whales. Not all the SEC rules are rigged against retail traders.
-
for-dana sent 500,000 BTS to poloniexwallet
15 hours ago
for-dana sent 500,000 BTS to poloniexwallet
1 day ago
for-dana sent 1,000,000 BTS to poloniexwallet
4 days ago
for-dana sent 600,000 BTS to poloniexwallet
8 days ago
for-dana sent 400,000 BTS to poloniexwallet
8 days ago
Much less than localhost did though.
-
for-dana sent 500,000 BTS to poloniexwallet
15 hours ago
for-dana sent 500,000 BTS to poloniexwallet
1 day ago
for-dana sent 1,000,000 BTS to poloniexwallet
4 days ago
for-dana sent 600,000 BTS to poloniexwallet
8 days ago
for-dana sent 400,000 BTS to poloniexwallet
8 days ago
Much less than localhost did though.
(http://e.lvme.me/1eovxgh.jpg)
Come on abit, you're just trolling at this point.
-
Trolling? He's just sharing info other people might miss. He's not screaming dump.
-
for-dana sent 500,000 BTS to poloniexwallet
15 hours ago
for-dana sent 500,000 BTS to poloniexwallet
1 day ago
for-dana sent 1,000,000 BTS to poloniexwallet
4 days ago
for-dana sent 600,000 BTS to poloniexwallet
8 days ago
for-dana sent 400,000 BTS to poloniexwallet
8 days ago
Much less than localhost did though.
Really wish we could go with Tony's proposal and block the sending of BTS, forcing everyone to trade on the DEX.
-
OK, so we have 2 options:
1. force everyone to accept less freedom
2. initiate stealth mode
should I tell him or should we keep it a surprise?
-
for-dana sent 500,000 BTS to poloniexwallet
15 hours ago
for-dana sent 500,000 BTS to poloniexwallet
1 day ago
for-dana sent 1,000,000 BTS to poloniexwallet
4 days ago
for-dana sent 600,000 BTS to poloniexwallet
8 days ago
for-dana sent 400,000 BTS to poloniexwallet
8 days ago
Much less than localhost did though.
Really wish we could go with Tony's proposal and block the sending of BTS, forcing everyone to trade on the DEX.
hm... Have you heard last Friday's mumble?
links
https://soundcloud.com/beyond-bitcoin-hangouts
http://bitsharesnews.info/
Here is what BM said about tonyk's idea...
So the next thing I would like to talk about and that people have requested is some feedback on tonyk’s suggestion of making BitShares only tradable on the DEX and forcing exchanges and anyone else to go through either bitAssets or IOU assets. This is a way of saying, let’s make BitShares the exclusive asset that can only trade on our own blockchain.
I think that it’s an interesting idea in that it forces people to use the system and it gets the BitShares off the exchanges. And it adds more liquidity in the market because anyone in or out and speculate on BitShares will now be forced to do so through trading on the BitShares exchange itself.
I find the approach is simultaneously heavy-handed and would greatly disrupt a large number of users. A lot of the liquidity that BitShares has is from speculators who have money on the exchanges such as Poloniex and BTC38, but who are unwilling to provide the same liquidity outside of that environment for the same reason that people don’t move to other exchanges.
Also they have bots that are programmed to use their API on Poloniex and they enjoy the instantaneous transfers of buying and selling between all of the assets on Poloniex and BTC38. So anything we do to restrict BitShares at this point in time is going to have massive short-term impacts on the liquidity of BitShares and liquidity is king. Liquidity of BitShares itself is king as far as providing value and collateral for the bitAssets we’re creating.
link https://bitsharestalk.org/index.php/topic,21587.0.html
-
Really wish we could go with Tony's proposal and block the sending of BTS, forcing everyone to trade on the DEX.
I think BTS would instantly go to 0 and stay there forever if we did that.
-
Really wish we could go with Tony's proposal and block the sending of BTS, forcing everyone to trade on the DEX.
I think BTS would instantly go to 0 and stay there forever if we did that.
Maybe that's his intent. just sayin'
-
Really wish we could go with Tony's proposal and block the sending of BTS, forcing everyone to trade on the DEX.
I think BTS would instantly go to 0 and stay there forever if we did that.
Maybe that's his intent. just sayin'
I'll pay 10$ for all of your BTS which will make it have a value >0 ..
just sayin'
-
Could someone purposely translate larger quantities of shares into polo knowing ppl on the forum trading section will spot a thingy and possibly dump after speculation sets up ? Duckfaces always do this when they see something unfavourable like huge transactions with potentially threating aspect.
-
This fuck moves with the speed of neutrino I might add. Im thinking 1015 satoshi by june ... wait... Was actually planning to scalp very fat profits by dumping my shares at 1016 1/2 satoshi by may, 2017 but I can now see a reasonable degree of certainty about enormous demand coming from big institutions, especially when they see ur queer roadmap. Uh oh Im still not sure whether it gets delisted till then ... Hopefully it will ... LOL But who cares?
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
-
Starting to see a decent amount of buying happening on Poloniex today. Has the Liquidity Event been marketed, or is it just known here?
Perhaps if some of the members here and if possible one of the devs would actively engage on The Trollbox regarding what BTS has to offer and about the Liquidity Event tomorrow, then we could get BTS back on the map again.
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
You think localhost and trust are the same?
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
I am INNOCENT :-P
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
You think localhost and trust are the same?
They added the account "unknown" (https://cryptofresh.com/u/unknown) to active authority in the same minute. By the way, angel added bytemaster as active authority in next minute (https://cryptofresh.com/tx/eea1c1d62520bc7cf593042dc964131e636675d1). So very likely they are very close if not the same, and all controlled by BM.
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
I am INNOCENT :-P
These accounts are very similar.. all are two uncommon words and a dash in the middle. Suspicious. 8)
-
BTS went up 10 satoshi ... IT'S A PUMP!
:P
-
localhost sent 5,000,000 BTS to poloniexwallet
57 minutes ago
???
How much does he have left?
localhost 11M
trust 38M
By the way, recently some whales appeared and set @xeroc as proxy.
https://cryptofresh.com/u/dadossi-chandra 8.8M
https://cryptofresh.com/u/abinia-rivard 8M
https://cryptofresh.com/u/cadord-ozois 7M
https://cryptofresh.com/u/bafohald-degeorge 5M
I am INNOCENT :-P
These accounts are very similar.. all are two uncommon words and a dash in the middle. Suspicious. 8)
Here is another one: https://cryptofresh.com/u/elendasa-benjamin 6M BTS .
Xeroc is now the 2nd most powerful proxy, stronger than one of angel and bytemaster.
And
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
localhost looks like a trust fund. Could it be a trust fund for development?
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
He has a few millions left vesting from the merger, can't remember the exact number but my failed memory says 3-5M maybe.
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
localhost looks like a trust fund. Could it be a trust fund for development?
The AGS days had a guy give 10btc nearly everyday starting from Day1...I have a feeling this might be that guy.
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
localhost looks like a trust fund. Could it be a trust fund for development?
The AGS days had a guy give 10btc nearly everyday starting from Day1...I have a feeling this might be that guy.
It's not too hard to know who is it, by data mining on of BTS0.x blockchain data. But probably this work brings no value.
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
Insider moves 12 million BTS into poloniex in order to sell into the coming rally. Rank speculation? I'm stocking up. Same thing happened with Ether last week.
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
Insider moves 12 million BTS into poloniex in order to sell into the coming rally. Rank speculation? I'm stocking up. Same thing happened with Ether last week.
If the insider sells he's an idiot, I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
Insider moves 12 million BTS into poloniex in order to sell into the coming rally. Rank speculation? I'm stocking up. Same thing happened with Ether last week.
If the insider sells he's an idiot, I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
That's a good point...just cuz he's moving BTS to polo doesn't mean he's selling. I mean, if he sells like 11 million BTS right now the price would go to like 500. Would make much more sense to pump first sell later.
-
localhost sent 11,540,000 BTS to poloniexwallet
30 minutes ago
Well there you go, he's officially out of BTS. Rally time?
8)
Insider moves 12 million BTS into poloniex in order to sell into the coming rally. Rank speculation? I'm stocking up. Same thing happened with Ether last week.
If the insider sells he's an idiot, I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
That's a good point...just cuz he's moving BTS to polo doesn't mean he's selling. I mean, if he sells like 11 million BTS right now the price would go to like 500. Would make much more sense to pump first sell later.
No the reason is perhaps because we could be shortly added to Microsoft Azure BAAS.
Community Action Request: Content for Azure BaaS blog post.
Background:
I've been in contact with Marley Gray, Director, BizDev & Strategy - Cloud and Enterprise, Microsoft on the on-boarding process for BitShares to Azure BaaS. We are a pull request approval from being live.
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
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No the reason is perhaps because we could be shortly added to Microsoft Azure BAAS.
Community Action Request: Content for Azure BaaS blog post.
Background:
I've been in contact with Marley Gray, Director, BizDev & Strategy - Cloud and Enterprise, Microsoft on the on-boarding process for BitShares to Azure BaaS. We are a pull request approval from being live.
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
Probably noobish of me, but what exactly is Azure?
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No the reason is perhaps because we could be shortly added to Microsoft Azure BAAS.
Community Action Request: Content for Azure BaaS blog post.
Background:
I've been in contact with Marley Gray, Director, BizDev & Strategy - Cloud and Enterprise, Microsoft on the on-boarding process for BitShares to Azure BaaS. We are a pull request approval from being live.
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
Probably noobish of me, but what exactly is Azure?
https://azure.microsoft.com/en-gb/overview/what-is-azure/
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Basically every crypto project (not currency) type coin needs to get on Azure, or it will seem like it is a scam that businesses do not want to touch.
Given that business adoption is the main target of Bitshares (its too complicated for average people), basically Azure should be a top target. Its the difference between Bitshares looking legitimate to the crypto world, and it looking like a scam.
But our dev team doesnt seem to have a clue how to get businesses to adopt Bitshares.
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Azure should be a top target. Its the difference between Bitshares looking legitimate to the crypto world, and it looking like a scam.
I think Azure may be nearly in the bag thanks to Fox.
his upcoming blog post highlighting BitShares.
Which to me says BTS is being added to Azure and it could be announced shortly.
(By the way thanks for your explanation the other day on Polo cascading margin calls/forced liquidations I was able to buy the sharp dump on ETH today at the low and sell on the rebound realising that's what it probably was.)
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Azure should be a top target. Its the difference between Bitshares looking legitimate to the crypto world, and it looking like a scam.
I think Azure may be nearly in the bag thanks to Fox.
his upcoming blog post highlighting BitShares.
Which to me says BTS is being added to Azure and it could be announced shortly.
(By the way thanks for your explanation the other day on Polo cascading margin calls/forced liquidations I was able to buy the sharp dump on ETH today at the low and sell on the rebound realising that's what it probably was.)
If BTS gets in Azure, it should go to al least 20-30M market cap imo. People would finally think it has potential again.
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Azure should be a top target. Its the difference between Bitshares looking legitimate to the crypto world, and it looking like a scam.
I think Azure may be nearly in the bag thanks to Fox.
his upcoming blog post highlighting BitShares.
Which to me says BTS is being added to Azure and it could be announced shortly.
(By the way thanks for your explanation the other day on Polo cascading margin calls/forced liquidations I was able to buy the sharp dump on ETH today at the low and sell on the rebound realising that's what it probably was.)
If BTS gets in Azure, it should go to al least 20-30M market cap imo. People would finally think it has potential again.
I also have ties Marley I can probably help with it if its not in the bag.
Whats this AlphaPoint thing? sounds similar to bitshares
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It would be the most bitshares thing ever if it got added to azure and the fell in price...
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It would be the most bitshares thing ever if it got added to azure and the fell in price...
That would be very bitshares.
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It would be the most bitshares thing ever if it got added to azure and the fell in price...
+5% +5% +5%
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It would be the most bitshares thing ever if it got added to azure and the fell in price...
That would be very bitshares.
You mean bitsharish :P
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-03-ripe.png)
The Ethereum pump may be over. Bitshares has been quiet long enough.
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Werneo that chart looks like what I think Monero is going to do. :P
But yeah, I agree that BTS looks like it should go up too.
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Werneo that chart looks like what I think Monero is going to do. :P
But yeah, I agree that BTS looks like it should go up too.
Ander, it seems like poloniex traders have been ignoring both bts and xmr while the ETH rally has been going on. I tend to think ETH has topped out for now, so I expect traders will go to their next tier favorites. BTS could go for a ride. If it gets strongly above ~1125 it could really fly.
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https://www.youtube.com/watch?v=ETfiUYij5UE
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I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
Well it's over 0.00001 now :) (Edit: It was over 0.00001...)
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I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
Well it's over 0.00001 now :) (Edit: It was over 0.00001...)
....aaaaand we're back. lol those are some quick swings going on.
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
The small rise from 09 - 1 was in relation to expectations of a much bigger rise coming next week...
we could be shortly added to Microsoft Azure BAAS....
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
The small rise from 09 - 1 was in relation to expectations of a much bigger rise coming next week...
we could be shortly added to Microsoft Azure BAAS....
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
It won't have an impact as big, it's not something new now, people might have got used to cryptos getting on Azure
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
The small rise from 09 - 1 was in relation to expectations of a much bigger rise coming next week...
we could be shortly added to Microsoft Azure BAAS....
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
It won't have an impact as big, it's not something new now, people might have got used to cryptos getting on Azure
It would be good to not look like the only crypto project that cant manage to get onto Azure.
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Find Wally
(http://i.imgur.com/NOTgm8h.png)
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
The small rise from 09 - 1 was in relation to expectations of a much bigger rise coming next week...
we could be shortly added to Microsoft Azure BAAS....
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
It won't have an impact as big, it's not something new now, people might have got used to cryptos getting on Azure
Correct... there was a lot of manipulation of the initial information put out about the 'partnership with microsoft' stuff. It is only now that Microsoft has declared that they will take in any hobo blockchain that wants to be in their network.
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Have u noticed every and each coin on polo gets pumped these days following eths fury road. But not this fuck. Fake walls just got pulled LMAO. Glad I got rid off this cocksucking shit at 0.000012 few weeks back. What a faggotry lol.
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Have u noticed every and each coin on polo gets pumped these days following eths fury road. But not this fuck. Fake walls just got pulled LMAO. Glad I got rid off this cocksucking shit at 0.000012 few weeks back. What a faggotry lol.
I was going to say: Hey, BTS actually went up some today, thats great.
Yeah its lagging behind ETH and MAID and XMR, but at least it went up a bit.
Better than LTC, Doge, NXT, or Stellar, they havent moved up at all recently.
We need some positive developments to get people excited about. We need to show the world that we can do many of these things ETH can as well, but we have 1% the market cap, so its worth buying BTS too.
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Meh, BTS back down again when other stuff like FCT going way up. I guess you were right and its dog shit. :P
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Meh, BTS back down again when other stuff like FCT going way up. I guess you were right and its dog shit. :P
BTS is still up 3.55% for the day on CMC right now. Can't really compare us to FCT -- they're just enjoying the spillover from Ethereum hype since they're still relatively new, and the name sounds cool.
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We've got tons of negative nancies that are gonna shit all over us every chance they get. Soon we will have stealth and rate limited transactions. I am interested in BTS for more than a speculative investment. I want to actually use it.
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It's amazing that BTS barely got any inflow of capital in this uber bullish alt market.
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It's amazing that BTS barely got any inflow of capital in this uber bullish alt market.
+5% :'(
https://www.youtube.com/watch?v=Spdx8xzXcbA
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It's amazing that BTS barely got any inflow of capital in this uber bullish alt market.
+5% :'(
You may get bored by this statement by now .. but I'll repeat it anyway: More time to get them cheap :D
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It's amazing that BTS barely got any inflow of capital in this uber bullish alt market.
+5% :'(
You may get bored by this statement by now .. but I'll repeat it anyway: More time to get them cheap :D
*every member, since Nov '14
It can be frustrating yes, but honestly we have some interesting stuff going on, it's just a matter of fact until someone notices it and gets the word out. Once again, *every member, since, idk, bts bear market started
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Meh, BTS back down again when other stuff like FCT going way up. I guess you were right and its dog shit. :P
Like they say, "Every dog has its day". If we focus on actions that bring true value to bts, that day will come sooner.
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Like they say, "Every dog has its day". If we focus on actions that bring true value to bts, that day will come sooner.
+5% +5%
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aslong as devs keep working I know for a fact that price will go to where they desire... if they are weak hearted and stop thats when the project fails. I know ive been there doing a year of dev for
nothin and pricefalling.. in hindsight lemme just say i should have been buying. Keep development and you can keep buying, come out rich..
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reaching for that half a cent lol
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hopeful we can finally break 1.5 year downtrend if we get on Azure next week +5%
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Its alive!
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looks like we are finally getting some attention. Hopefully some of these people check out the wallet, and see how awesome bts actually is.
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GO BTS!!
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The BTS chart reminds me of Monero in December and January. It would spike up and then go back down, did it several times.
Then it finally broke out.
Hopefully we see BTS move to 3000+ sats in a couple months.
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How high will it go before our whales start dumping? Perhaps all the weak hands have already folded.
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people on poloniex are really curious about bitshares
traders are skeptical, afraid to be dumped on, disappointments
meanwhile there is general recognition now compared to before that the tech is useful and brilliant
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people on poloniex are really curious about bitshares
traders are skeptical, afraid to be dumped on, disappointments
meanwhile there is general recognition now compared to before that the tech is useful and brilliant
BTS wrecked a ton of people in october because the insiders and original pts miners dumped when 2.0 released. That pretty much made people not trust BTS.
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people on poloniex are really curious about bitshares
traders are skeptical, afraid to be dumped on, disappointments
meanwhile there is general recognition now compared to before that the tech is useful and brilliant
BTS wrecked a ton of people in october because the insiders and original pts miners dumped when 2.0 released. That pretty much made people not trust BTS.
Yeah we need to be genuinely humble this time around. It's easy to forget for outside observers that we're just a decentralized community doing our best to create a usable financial platform. This time around I think people are interested and receptive to our core tech and message though, so it's a great opportunity to invite people to be part of our community, slack etc. :)
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Also please be very careful with margin everyone. A lot of true believers were crushed in October by margin calls. I know I lost a couple hundred thousand bts, by being stupid with margin. Remember that if you go margin long, you will have to sell at some point.
I think that in October when we were crushed so bad, a ton of bts ended up in the hands of traders that didn't know anything about it or care about it at all. I think this is one of the main reasons we have had such a hard time bouncing back.
I still play with margin, but I keep the amount very low, and if things go the wrong way I let it go and accept the loss. Doubling down on a losing bet is what hurt me so bad in October.
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Yes. Just do not margin it.
And if you do, do not use BTS as collateral to margin BTS. :P
Its nice to see BTS as one of only two of the polo margin coins doing well right now. BTC and FCT both heavily green, rest are red.
The only other major things I see doing well right now is the storage coins, SJXC and SIA, and XEM.
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A 30% up day? BTS can do that? :)
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Any idea what is causing this movement? Is it just all the money from eth sloshing around, and some of it finally finding us? Do people know about the progress we have made? Is this a response to stealth, azure? What do you guys think?
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Well we finally have a mobile wallet, we have ability to do stealth transfers, documentation has come along and more people are developing. All great things for organic growth that will hopefully bring in "stickier" money.
A bigger market cap is going to bring in stronger hands with more money. Right now it's very difficult to establish bigger stakes in BTS because the price can be moved so easily. The overall alt coin market cap has been on fire lately (thanks to ethereum mostly), a good sign that the crypto scene is maturing.
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Any idea what is causing this movement? Is it just all the money from eth sloshing around, and some of it finally finding us? Do people know about the progress we have made? Is this a response to stealth, azure? What do you guys think?
Traders are starting to take profits on ETH and now they need a fresh horse to bet on. If the Azure blog post comes out next week it could fuel the fire.
One measure of BTS excitement among traders is that the order book for buys on Poloniex is about x3 what it was 2 days ago.
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Dont margin bts right now, lending rates on btc are stupidly high,like 1-2%.
Too many people are margin long coins right now, the whole thing might crash.
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Dont margin bts right now, lending rates on btc are stupidly high,like 1-2%.
Too many people are margin long coins right now, the whole thing might crash.
BTS lending rate is also high right now. 2.9% which generally means that there are lots of people currently short bts. I don't know about all of you, but I am hoping that they all get fucked. Good and hard.
edit. Its looking like the shorts are gonna win again. Too bad. If we were able to hurt a couple shorters big, then they might think twice about shorting bts again. I think that a lot of the btc that was borrowed was going into bts, and these longs are gonna start having to close their longs.
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Also please be very careful with margin everyone. A lot of true believers were crushed in October by margin calls. I know I lost a couple hundred thousand bts, by being stupid with margin. Remember that if you go margin long, you will have to sell at some point.
What does 'margin long' in poloniex mean? Does it mean borrow btc to buy bts? How does margin call happen?
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Dont margin bts right now, lending rates on btc are stupidly high,like 1-2%.
Too many people are margin long coins right now, the whole thing might crash.
(http://cdn.meme.am/instances/500x/59685715.jpg)
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Well that was a fun pump... They are getting shorter and smaller each time.
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Well that was a fun pump... They are getting shorter and smaller each time.
We're still decently up right now...y'all are way too negative and price sensitive. Just let the market do its thang.
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Volume is going up, it's just the weight of bears. We'll shake them off for good with Azure news next week, then they'll have to start buying back +5%
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Well that was a fun pump... They are getting shorter and smaller each time.
We're still decently up right now...y'all are way too negative and price sensitive. Just let the market do its thang.
The way the price has been acting over the last several months is not bullish at all. It's consistently leading to lower highs with a floor that continues to hold. This is a descending triangle pattern and more often than not it leads to the floor breaking and price falling to fresh lows.
It would be much more bullish if BTS could establish a higher high, say 17 or 18 mil, and then fall back and retest an older high.
The market is doing it's "thang" and its saying lower (probably around 5 million) is very possible in the next few months.
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Well that was a fun pump... They are getting shorter and smaller each time.
We're still decently up right now...y'all are way too negative and price sensitive. Just let the market do its thang.
The way the price has been acting over the last several months is not bullish at all. It's consistently leading to lower highs with a floor that continues to hold. This is a descending triangle pattern and more often than not it leads to the floor breaking and price falling to fresh lows.
It would be much more bullish if BTS could establish a higher high, say 17 or 18 mil, and then fall back and retest an older high.
The market is doing it's "thang" and its saying lower (probably around 5 million) is very possible in the next few months.
people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
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Meh, it went back down. Not sure what Eth will do, it could continue up or crash, if it crashes it will probably liquidate all long positions in all coins. Everything else will drop some too.
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Meh, it went back down. Not sure what Eth will do, it could continue up or crash, if it crashes it will probably liquidate all long positions in all coins. Everything else will drop some too.
can you tell me more ? you need to risk your entire portfolio of coins in order to long/short one single coin in your account ?
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anything below $40 mil market cap doesn't even worth discussing it i think..
Talking about small pump from 0.000009 to 0.00001 and vice versa are insignificant and I think harm bts price..I think we should revisit this thread only when we are x5 of current price..Otherwise people from outside the community see that we think this is a pump and they just dump..
We should start having a bit higher expectations than that people...
The small rise from 09 - 1 was in relation to expectations of a much bigger rise coming next week...
we could be shortly added to Microsoft Azure BAAS....
On 7th December Microsoft Azure announced they were adding Ripple. Over next 4 days, XRP increased 75% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update/
On 15th December Microsoft Azure announced they were adding Factom. Over next 6 days FCT increased 680% in value.
https://azure.microsoft.com/en-gb/blog/azure-baas-update-2/
On 4th January Microsoft Azure announced they were adding Emercoin. Over next 6 days EMC increased 367% in value.
https://azure.microsoft.com/en-gb/blog/azure-blockchain-as-a-service-update-3/
It won't have an impact as big, it's not something new now, people might have got used to cryptos getting on Azure
I'm not expecting massive gains but it's particularly good news for BTS as we tend to be development strong but adoption/utility/known 3rd party weak so the name recognition of Microsoft Azure is a big positive & step in the right direction. I agree with Ander that we'll see 20-30 million and I also think we'll retain some of that additional value too, though we'll probably have to wait for at least a week after the announcement to get a sense of what it's worth to BTS.
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When the news is going to be live ??
I think, our MC could substantially increase with just a couple of simple things on bts.org. More dynamism, updates, big news, quick small news, event, hangouts quick recap, ... and also a way of showing what we have right now, our partners, 3rd parties running on/with bts, development in progress, potential roadmap, ...
Lot's of long term investor just spend a coule of minutes on the web site of every crypto projects to find the ones where they will invest. If we gave them a complicated description of our tech and nothing else, they'll leave quickly. If they see lots of things going on and a relatively low MC, they will spend more time to check the tech we have and then ... change their minds about bts.
In brief, IMO, throwing our (amazing) tech in the face of the random crypto dude passing by bts.org is not the way to make them want to knows more about us. I think they will read and try to understand the tech only if we first incentive them to do this hard work.
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Gladly you got rid of it a few weeks back só have nothing to worry about 8)
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Further in the same thread...
Community Action Request: Content for Azure BaaS blog post.
Request:
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Further in the same thread...
Community Action Request: Content for Azure BaaS blog post.
Request:
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
Yes, I did read these. And so? This phrase "his upcoming blog post highlighting BitShare" does not make it any clearer.
Did they actually confirm theyre gonna add it?
Since it says "upcoming" I suppose they're willing to announce whether they're gonna add it. For the time being there is no official confirmation that they will be using openledger in the foreseeable future.
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Gladly you got rid of it a few weeks back só have nothing to worry about 8)
I still have a little in orders above 6K, 7K, 8K in case its gonna repeat what maid did.
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Further in the same thread...
Community Action Request: Content for Azure BaaS blog post.
Request:
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
Yes, I did read these. And so? This phrase "his upcoming blog post highlighting BitShare" does not make it any clearer.
Did they actually confirm theyre gonna add it?
Since it says "upcoming" I suppose they're willing to announce whether they're gonna add it. For the time being there is no official confirmation that they will be using openledger in the foreseeable future.
It makes it much clearer. Your initial post & link said the user had only made a request and received no feedback, the post I replied with indicates he has received feedback and it is likely the addition of BitShares will be announced in an upcoming blog post.
Can somebody enlighten me whats the cypher point for this baas speculation?....
Did they actually confirm theyre gonna add it?
If they confirmed it, it wouldn't be speculation...
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Can somebody enlighten me whats the cypher point for this baas speculation? From what i can gather here https://bitsharestalk.org/index.php/topic,21115.45.html its clear that a user just made a template for deploying a witness node on azure vm and sent a request to mst folks asking to review the submission. Just that. Did they actually confirm theyre gonna add it? Did they mention theyre willing to officially certify it along with other features on their cloud computing platform? I guess no. I see smoke and mirrors everywhere.
Further in the same thread...
Community Action Request: Content for Azure BaaS blog post.
Request:
First, please review Mr. Marley's previous blog posts to see how other blockchain offerings are being positioned [1]. Then, please provide ideas on what you feel should be included in his upcoming blog post highlighting BitShares.
[1] https://azure.microsoft.com/en-gb/blog/author/marleyg/
Yes, I did read these. And so? This phrase "his upcoming blog post highlighting BitShare" does not make it any clearer.
Did they actually confirm theyre gonna add it?
Since it says "upcoming" I suppose they're willing to announce whether they're gonna add it. For the time being there is no official confirmation that they will be using openledger in the foreseeable future.
It makes it much clearer. Your initial post & link said the user had only made a request and received no feedback, the post I replied with indicates he has received feedback and it is likely the addition of BitShares will be announced in an upcoming blog post.
However, there should be a quotation from gray's reply saying that they will indeed publish an article about bitshares addition any time soon. Otherwise I dont see how it proves that a forum dude has indeed received a positive response from gray. He said: "Ive been in contact with gray. We are a pull request approval from being live." So its a bit awkward how he presented the facts.
Can somebody enlighten me whats the cypher point for this baas speculation?....
Did they actually confirm theyre gonna add it?
If they confirmed it, it wouldn't be speculation...
Yes, it would. Its speculator's thread after all. Everyone can speculate on the future price growth upon receiving a legit confirmation from mst.
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Meh, it went back down. Not sure what Eth will do, it could continue up or crash, if it crashes it will probably liquidate all long positions in all coins. Everything else will drop some too.
can you tell me more ? you need to risk your entire portfolio of coins in order to long/short one single coin in your account ?
No, you put some of your coins into margin account, only those are risked. But they are the only ones that you can use for leverage.
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Enjoy ur poopy shares noobs HAHAHAH. U love that action dont u? 1000 here we go. There we got kids talking about azure and their broken hopes HAHAHAH
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
I have no clue..but I am running with your speculation that it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
(other explanations/speculations welcomed)
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
I have no clue..but I am running with your speculation that it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
(other explanations/speculations welcomed)
it's obviously a robot designed to move a truck load of BTS automatically bit by bit , so it creates a name that would have less remote possibility of repeating existing names by picking names from a Dict and combine it .
Who is controlling the bot however , I don't have a clue .
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
Looks like funnyname-funnyname is a new self-invented stealth feature. Even you guys have no clue now.
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Sorry, i haven't caught up on this thread, but dadossi-chandra and co and who ever else stop selling; the market wants go up... be a man! let it go up!, why your at it pull your loans from POLO, i can't imagine how many people think we have cool toys and nice tech then look at the price and think wft and go else where, Ethereum is still the same Ethereum it was last month, now with a crap load more people interested in the project some of which will be devs and long term supports..
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It has been over 13 years since the last time I coded and now, after taking 6 kilos of marijuana before dinner and urinating on my keyboard while farting I'm thrilled to announce a new major protocol update.
(http://i.imgur.com/Fv7qp6V.png)
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Hey guys how's it going?
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Hey guys how's it going?
This account seems legit
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...it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
https://www.youtube.com/watch?v=w47UQxld7LM&feature=youtu.be&t=2m12s
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Hey guys how's it going?
This account seems legit
Can't tell if your being sarcastic... but I'm guessing that isn't really the dadossi chandra account.
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Hey guys how's it going?
This account seems legit
Can't tell if your being sarcastic... but I'm guessing that isn't really the dadossi chandra account.
I was indeed
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When I was buying Monero in december and january it was doing the same thing BTS is now: Going up 30% quickly and then retracing almost all of it, but making a slightly higher base and then doing it again. It had to do it like 4 times before it finally broke up, but it did eventually.
BTS could be in the same place, getting ready to being actually heading higher. We had a lot of early PTS miners dumps to absorb, but they are mostly out now. Later on when the price is higher we will be glad those guys sold low.
I believe things are looking up, but its just the very beginning so it goes slowly still, with heavy retracements.
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Hey guys how's it going?
https://bitsharestalk.org/index.php/topic,21821.msg284380.html#msg284380
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When I was buying Monero in december and january it was doing the same thing BTS is now: Going up 30% quickly and then retracing almost all of it, but making a slightly higher base and then doing it again. It had to do it like 4 times before it finally broke up, but it did eventually.
BTS could be in the same place, getting ready to being actually heading higher. We had a lot of early PTS miners dumps to absorb, but they are mostly out now. Later on when the price is higher we will be glad those guys sold low.
I believe things are looking up, but its just the very beginning so it goes slowly still, with heavy retracements.
I like the way you present it. I hope so. It would be a good moment with stealth, free Tx, bts on M. Azure BAAS, ... With a nice increase of our MC we would have the funds to pay for ETH virtual machine, BTC & ETH sidechain, Bond market, market makers, and much more. That would propulse us higher and the higher we go the more funds we have, and so on !
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
I have no clue..but I am running with your speculation that it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
(other explanations/speculations welcomed)
It isn't me and I don't know who they are.
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BTS could rise a lot (hundreds of percent like FCT, MAID, ETH, and NEM have done recently), if a couple factors happen:
1) We need a big adoption story. Getting adopted by some bank, company, etc in a significant way, similar to the Factom and NEM stories recently. Getting major coins like Storj or Bitcrystals onto our chain would be good too. (Also, we should really get on Azure).
2) Early whale dumping stops. Either they run out, or they see the adoption story and decide to hang onto BTS instead of dumping it. If item #1 happened, there would probably enough investors buying as a result that even if the whale duping continued, they would run out, and then we could rise.
If this occurs, we go up there with Factom and Maid in market cap pretty fast, and maybe even higher, given that Bitshares has a history and has been at 100M in the past.
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BTS could rise a lot (hundreds of percent like FCT, MAID, ETH, and NEM have done recently), if a couple factors happen:
1) We need a big adoption story. Getting adopted by some bank, company, etc in a significant way, similar to the Factom and NEM stories recently. Getting major coins like Storj or Bitcrystals onto our chain would be good too. (Also, we should really get on Azure).
2) Early whale dumping stops. Either they run out, or they see the adoption story and decide to hang onto BTS instead of dumping it. If item #1 happened, there would probably enough investors buying as a result that even if the whale duping continued, they would run out, and then we could rise.
If this occurs, we go up there with Factom and Maid in market cap pretty fast, and maybe even higher, given that Bitshares has a history and has been at 100M in the past.
what you're saying is big thing 3.0 :P
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
I have no clue..but I am running with your speculation that it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
(other explanations/speculations welcomed)
It isn't me and I don't know who they are.
if you say so.
...it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
https://www.youtube.com/watch?v=w47UQxld7LM&feature=youtu.be&t=2m12s
Pay attention guys. How many of you effectively stealthed their v0.x accounts, and imported only balances(and probably from just a few but not all of their balance keys) and did NOT imports v1 names into bts 2.0? How many of you none bts devs can actually do that?
wish the script was made available to the common folks, but then again onceupon might have not been as eager to pay for stealth gui...
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When I was buying Monero in december and january it was doing the same thing BTS is now: Going up 30% quickly and then retracing almost all of it, but making a slightly higher base and then doing it again. It had to do it like 4 times before it finally broke up, but it did eventually.
BTS could be in the same place, getting ready to being actually heading higher. We had a lot of early PTS miners dumps to absorb, but they are mostly out now. Later on when the price is higher we will be glad those guys sold low.
I believe things are looking up, but its just the very beginning so it goes slowly still, with heavy retracements.
BTS price is in a narrowing band that is currently defined between ~1335 and 1025 Satoshis. It's an ascending triangle that doesn't resolve until at least March 15th or even after the 20th. I agree this is probably a good time to accumulate at the lows.
(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-08BTS.png)
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maybe one of the last opportunities to buy so low...
how will you feel after one month and a 100M market-cap?
... Mark my words 8)
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BTS could rise a lot (hundreds of percent like FCT, MAID, ETH, and NEM have done recently), if a couple factors happen:
1) We need a big adoption story. Getting adopted by some bank, company, etc in a significant way, similar to the Factom and NEM stories recently. Getting major coins like Storj or Bitcrystals onto our chain would be good too. (Also, we should really get on Azure).
2) Early whale dumping stops. Either they run out, or they see the adoption story and decide to hang onto BTS instead of dumping it. If item #1 happened, there would probably enough investors buying as a result that even if the whale duping continued, they would run out, and then we could rise.
If this occurs, we go up there with Factom and Maid in market cap pretty fast, and maybe even higher, given that Bitshares has a history and has been at 100M in the past.
$100m shouldnt be an issue given eth is 7x that and growing... its really marketing. MAID eth and a few others have a good marketing company that they outsourced to from what I am hearing, it may be good to find that out and go with them because it seems to be working. I do feel once we eclipse $50m it should rise a bit easier than ever before just because whales have dumped low enough long enough, distribution has occured for so long that it sets up for an epic bull blast.
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people with more 'insider knowledge' than you or me tend to agree with you...
all those "weird name-weird name" accounts voting for xeroc as of late, send substantial amounts to polo on every price rise...I sincerely doubt they do it to go margin long...
Who are they?
https://cryptofresh.com/u/dadossi-chandra
I have no clue..but I am running with your speculation that it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
(other explanations/speculations welcomed)
It isn't me and I don't know who they are.
if you say so.
...it is either BM or some developers paid by him.... it just seems the most logical thing I have read or come up with myself.
https://www.youtube.com/watch?v=w47UQxld7LM&feature=youtu.be&t=2m12s
Pay attention guys. How many of you effectively stealthed their v0.x accounts, and imported only balances(and probably from just a few but not all of their balance keys) and did NOT imports v1 names into bts 2.0? How many of you none bts devs can actually do that?
wish the script was made available to the common folks, but then again onceupon might have not been as eager to pay for stealth gui...
That was quite easy to do actually, no script required. Just create a new account with openledger, import keys to that wallet, then claim balances to your newly registered account..
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-09BTS.png)
Lots of green bars, and the poloniex order book buy side has doubled in the past few days. The year-long chart shows that bts is at the narrow end of an ascending triangle. I'm thinking breakout sometime in the next week or two.
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@werneo out of curiosity where do you think we can go to? 3k and then have 1500 as support level?
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(http://i.imgur.com/Ct8LDMM.jpg)
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where do you think we can go to?
(http://www.trbimg.com/img-567c8a44/turbine/la-sci-sn-full-moon-christmas-2015-how-to-see--001/650/650x366)
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@werneo out of curiosity where do you think we can go to? 3k and then have 1500 as support level?
Sure, I think 3k is a good target, but who knows? I'm no expert. But if it gets above 2500, I would watch for an emotional spike to the 5000 satoshi range. That could signal the top of the rally.
I forgot to mention: the 1-day moving average turned positive again yesterday. That could portend a nice run for the Spring.
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BTS could rise a lot (hundreds of percent like FCT, MAID, ETH, and NEM have done recently), if a couple factors happen:
1) We need a big adoption story. Getting adopted by some bank, company, etc in a significant way, similar to the Factom and NEM stories recently. Getting major coins like Storj or Bitcrystals onto our chain would be good too. (Also, we should really get on Azure).
2) Early whale dumping stops. Either they run out, or they see the adoption story and decide to hang onto BTS instead of dumping it. If item #1 happened, there would probably enough investors buying as a result that even if the whale duping continued, they would run out, and then we could rise.
If this occurs, we go up there with Factom and Maid in market cap pretty fast, and maybe even higher, given that Bitshares has a history and has been at 100M in the past.
$100m shouldnt be an issue given eth is 7x that and growing... its really marketing. MAID eth and a few others have a good marketing company that they outsourced to from what I am hearing, it may be good to find that out and go with them because it seems to be working. I do feel once we eclipse $50m it should rise a bit easier than ever before just because whales have dumped low enough long enough, distribution has occured for so long that it sets up for an epic bull blast.
@jsidhu do you know which company is that?
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300+ btc buy side at poloniex. Have not seen it this high in awhile.
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Bitshares on Azure, will anything happen?
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Bitshares on Azure, will anything happen?
Always positive, along with the recent stuff we've been doing it could increase, but at the same time, Azure announcement is not exactly that awesome thing it was at the beginning given others have joined in as well.
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Yeah probably nothing will happen, but at least we dont look shitty not being on it.
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483.98967728 BTC buy side order book....
I do not think I have seen this? since... ever?
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I don't know it seems like something is happening.
430btc buy side,
and 1282 satoshis. We could easily top 1400 tonight. Lets see if the rally has any legs though.
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China just bought a lot of BTS
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-09bBTS.png)
Check the 1-year chart on this page: https://cryptrader.com/charts/poloniex/bts/btc (click "1y" link in the lower left of that page.) In the above chart, each candle represents one day. Since March 1, BTS buyers have outbought sellers for 9 out of the last 10 days. That's a record. Bitshares has never posted such a concentration of daily green candles, going back to January 2015.
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I agree breakout looks imminent. I think the fiat charts give a better picture of what is happening. Either we get a breakout or the trendline holds and we see further downside. With the increase in buy-side depth in the order books and high volume on spikes higher, my vote is for a breakout. Its long overdue after 10 months in the accumulation phase.
(http://i.imgur.com/uydooqW.png)
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wow
Loan Offers
Total:
130828.61437396
BTS
I have never seen it that low. If we can get these shorters to pop, then we are moon bound.
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I saw the lending like that one time during our pre-2.0 rally.
This is great, finally some respect.
Azure was really a big deal apparently.
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I gotta say: FUCK the whale who sold down to 400.
Idiot. Even if this is a top, you couldve sold now for more.
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HODL your bitshares! People actually want them now.
Dont sell any until we are much higher, then sell just part to cover your low cost buys so you can support the price again if it goes back down.
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I saw the lending like that one time during our pre-2.0 rally.
This is great, finally some respect.
Azure was really a big deal apparently.
Fucking A it was. I am stoked on this and I am a tiny tiny fish. Some of our whales have made some good money today.
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I gotta say: FUCK the whale who sold down to 400.
Idiot. Even if this is a top, you couldve sold now for more.
I'll always wonder who that moron was. He single handedly triggered all my shorts to be liquidated costing me a pretty penny. By the time I woke up, the price had completely rebounded and I was completely fucked.
That's probably him right now trying to buy back in.
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The polo server is apparently melting now.
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I think this could setup for a nice FOMO. BTS is the only one that didn't get any love.
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if we can hold 1400 the way up is clear. if you look into the charts, on this level we had major pricepoints in the past.
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I saw the lending like that one time during our pre-2.0 rally.
This is great, finally some respect.
Azure was really a big deal apparently.
Fucking A it was. I am stoked on this and I am a tiny tiny fish. Some of our whales have made some good money today.
Historically the peak price is reached 4-8 days after its mentioned on the Azure blog post/Twitter feed (400k+ followers) will be interesting to see if this is the case with BTS.
As I mentioned in the other thread FCT and EMC managed to retain a large amount of the value they gained post addition which is a big positive and hopefully something BTS + increased brand recognition and association can build on.
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What is more likely to happen?
1) ETH increase 10X-fold to 8 billion marketcap OR
2) BTS to increase 10X-fold to 120 million marketcap ?
PS personally I think no.2 scenario is more likely to happen ;)
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I gotta say: FUCK the whale who sold down to 400.
Idiot. Even if this is a top, you couldve sold now for more.
Don't fuck her. Thank her.
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I gotta say: FUCK the whale who sold down to 400.
Idiot. Even if this is a top, you couldve sold now for more.
Don't fuck her. Thank her.
You guys say the same thing with different words? :P
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Volume is going up, it's just the weight of bears. We'll shake them off for good with Azure news next week, then they'll have to start buying back +5%
+5% :P .. Now we anticipate the blog posts
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if we can hold 1400 the way up is clear. if you look into the charts, on this level we had major pricepoints in the past.
$ 0.006455 (33.03 %)
0.00001554 BTC (32.35 %)
HODL!!!!
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To the MOOOOOOOOON!
lol I missed seeing BTS actually go up.
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From BitShares POV: How Bitcoin will look like in 1 year
(http://www.nasa.gov/sites/default/files/moon_and_earth_lroearthrise_frame_0.jpg)
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looks like we're leveling off a bit now..
i wish the EUR:BTS dex market had a tighter spread, jeez come on people
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(https://i.imgflip.com/10lhvh.jpg)
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looks like we're leveling off a bit now..
i wish the EUR:BTS dex market had a tighter spread, jeez come on people
People not using EUR afraid the USA goes up their apartment searching for oil
http://www.atimes.com/atimes/Middle_East/MD14Ak02.html
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Well this is fun, are people responding the the new fee structure or is it just Azure´s specualtion ?
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Well this is fun, are people responding the the new fee structure or is it just Azure´s specualtion ?
Azure speculation most likely. People just want to ride the pumps. However if you check on cryptofresh, filled orders and transfers have been slightly increasing in our DEX, that is a good sign and may be happening because of the new fee structure
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this pump just funded BitShares Wallet v1.2 - and the price is still rising!! :) i have wood
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Well this is fun, are people responding the the new fee structure or is it just Azure´s specualtion ?
Azure speculation most likely. People just want to ride the pumps. However if you check on cryptofresh, filled orders and transfers have been slightly increasing in our DEX, that is a good sign and may be happening because of the new fee structure
Definitely Azure
I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
It won't have an impact as big, it's not something new now, people might have got used to cryptos getting on Azure
I'm not expecting massive gains but it's particularly good news for BTS as we tend to be development strong but adoption/utility/known 3rd party weak so the name recognition of Microsoft Azure is a big positive & step in the right direction. I agree with Ander that we'll see 20-30 million and I also think we'll retain some of that additional value too, though we'll probably have to wait for at least a week after the announcement to get a sense of what it's worth to BTS.
Now all we need to do is add yield and liquidity subsidies to SmartCoins so we can overtake Ethereum and then I can retire :D
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Hell, I'd be happy if we could even get the same respect as the dawg
(http://i.imgur.com/3RUeIox.png)
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in the meanwhile the 10 top volume coins....
(https://3.bp.blogspot.com/-hf5yubVWR2w/VuGQLTomTUI/AAAAAAAADjE/tBjMwq_Z6nQ/s1600/bitshares_rally.png)
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There is still plenty of cheap coins on the DEX.... the thing is getting those valuable BitUSD to get them!
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if we can hold 1400 the way up is clear. if you look into the charts, on this level we had major pricepoints in the past.
(https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2F8IXy2Ap.jpg&t=562&c=izEJICwuaWzMMg)
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
Come and trade on DEX, assholes!
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Let's hope this increased market capitalization is here to stay, if not just the start of an even bigger rise. More capital means more developers, more interested investors, more entrepreneurs to build services on top of our network...
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Let's hope this increased market capitalization is here to stay, if not just the start of an even bigger rise. More capital means more developers, more interested investors, more entrepreneurs to build services on top of our network...
Yea, it's pretty awesome knowing that our development growth/funding/liquidity/everything gets exponentially better with increased market cap...it's like a perpetual motion device or something. Once the cap really starts climbing I imagine it'll be like a bomb going off. An economic singularity, if you will?
I'm pumped.
8)
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
Come and trade on DEX, assholes!
When the liquidity is increased and the interface feels more natural (like Polo), you'll see that influx.
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Have u noticed every and each coin on polo gets pumped these days following eths fury road. But not this fuck. Fake walls just got pulled LMAO. Glad I got rid off this cocksucking shit at 0.000012 few weeks back. What a faggotry lol.
5 days later.......
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Let's hope this increased market capitalization is here to stay, if not just the start of an even bigger rise. More capital means more developers, more interested investors, more entrepreneurs to build services on top of our network...
Yea, it's pretty awesome knowing that our development growth/funding/liquidity/everything gets exponentially better with increased market cap...it's like a perpetual motion device or something. Once the cap really starts climbing I imagine it'll be like a bomb going off. An economic singularity, if you will?
I'm pumped.
8)
ha! hey you never know, sometimes trends just feed on themselves and the best marketing Bitshares could ever do is simply to jump in price!
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
Come and trade on DEX, assholes!
be patient, that day is not far away...
"With the new Azure offering, however, it might be easy for some exchanges to integrate the Bitshares blockchain, especially its trading and exchange features, into alternate deployments, still gathering liquidity from the Bitshares exchange book. Such a system would provide a simple to deploy exchange for entrepreneurs in the space. Such an exchange would also find it easy to scale, since Azure helps with resource expansion needed for the future."
read more here...
http://www.smithandcrown.com/bitshares-joins-peers-gets-added-microsoft-azure/
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in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
Come and trade on DEX, assholes!
They cant do that until they buy BTS on poloniex with their BTC first.
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I believe this is a volume record for BTS.
Combined with a huge price rise, that is a bull market sign.
-
money for development is good.
boy I hope BM did not sell in the hours after he moved his funds to polo...would be sad. kind of like our favorite 500 sat whale.
-
money for development is good.
boy I hope BM did not sell in the hours after he moved his funds to polo...would be sad. kind of like our favorite 500 sat whale.
They could be the same person...
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I believe this is a volume record for BTS.
Combined with a huge price rise, that is a bull market sign.
Seems like we should pass fct volume soon. Then we will pass them in market cap.
what a difference 17 hours makes. Please don't go all margin long all in now people. This could turn against us just as quickly.
-
money for development is good.
boy I hope BM did not sell in the hours after he moved his funds to polo...would be sad. kind of like our favorite 500 sat whale.
Selling at 1000-500 sat in November 2015 and putting it all into ETH (allegedly) ... smart whale is smart. ;)
-
Let's hope this increased market capitalization is here to stay, if not just the start of an even bigger rise. More capital means more developers, more interested investors, more entrepreneurs to build services on top of our network...
Yea, it's pretty awesome knowing that our development growth/funding/liquidity/everything gets exponentially better with increased market cap...it's like a perpetual motion device or something. Once the cap really starts climbing I imagine it'll be like a bomb going off. An economic singularity, if you will?
I'm pumped.
8)
ha! hey you never know, sometimes trends just feed on themselves and the best marketing Bitshares could ever do is simply to jump in price!
Marketing by pump is the best marketing in crypto. By far.
BTS is now higher in USD than it was when BTS 2.0 released, for the first time. Higher than the peak of the pre-2.0 release rally even.
Hopefully in time we will even get back up to reasonable price levels where we were all buying it a while back!
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Wow this is some serious FOMO.
No shares available to lend, demand for several hundred thousand bts at 2%. Shorts getting crushed.
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Y'all see the Forbes article?!
http://www.forbes.com/sites/rogeraitken/2016/03/10/bitcoin-3-0-tech-bitshares-built-on-decentralized-conglomerate-platform-surges/#3207901039f8
Shit just got real.
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Wow this is some serious FOMO.
No shares available to lend, demand for several hundred thousand bts at 2%. Shorts getting crushed.
should I feed them several mil BTS to see even more of them crushed?
Honest question. Cannot make my mind.
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Yes, lend all the BTS you can at 5% I think.
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My god the volume. This is crazy!
Its like BTS couldnt go up during the entire time everything else rallied, and now it is determined to make up ALL the ground in a single day.
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And I thought I was making a killing lending BTS at 1%...need to move over some more to lend!!! this is some crazy well awaited action!
-
Over 500 million BTS has been traded today.
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Over 500 million BTS has been traded today.
I think we will hear very soon better news than we have ever used to...
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Every troll in the trollbox is interested in BTS now. Marketing by pump. :)
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
They are secure enough that they havent been able to be hacked yet, even with their btc wallet being like the #4 bitcoin wallet in existence, and have hundreds of millions of eth. I am sure many hackers have tried.
Of course, that is no guarantee they are secure. All it means is they are on a higher level than all the shitty exchanges that got hacked.
-
Poloniex was in fact hacked in the past. Which means to me they are probably much more careful now.
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Poloniex was in fact hacked in the past. Which means to me they are probably much more careful now.
They got hacked once really early on, back when they were just another shit exchange. They are 100x bigger than that now though.
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
That's why I hope we provide a little incentive for people to move to the DEX before something serious happens.
If we wait for polo/BTC38 to be goxxed to provide the incentive, we would suffer & not benefit for a very long time because of our exposure to them.
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2k now on Polo
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2k now on Polo
Excellent :D
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
@bytemaster
I know that you don't chat much... or at all, but in day like this, please join our slack :)
You might be a 100th member on our brand new slack :) - http://slack.bitshares.org/ :)
(http://i.imgur.com/82Kb159.png)
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
The precise moment I read this comment I pictured you like this
(https://i.imgflip.com/10mdoi.jpg)
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OMG. Holy shit you guys this is amazing.
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It hit 2300 satoshis. 900 btc of buy orders on poloniex. Most.Volume.Ever.
Also the one-week chart is about to go positive for the first time since the chart started: https://cryptrader.com/charts/poloniex/bts/btc
All I can say is: wow.
-
in the meanwhile the 10 top volume coins....
How do they get $2M volume for bitshares? The most traded pairs are like $1000?
bts buys and sells on poloniex, btc38 etc....
Come and trade on DEX, assholes!
They cant do that until they buy BTS on poloniex with their BTC first.
Right, liquidity for TRADE.BTC, METAEX.BTC and OPEN.BTC is so poor that there is no choice but to cash in through other exchanges. These guys should make markets for their IOUs on DEX or get kicked out from Deposit/Withdrawal page.
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
They are secure enough that they havent been able to be hacked yet, even with their btc wallet being like the #4 bitcoin wallet in existence, and have hundreds of millions of eth. I am sure many hackers have tried.
Of course, that is no guarantee they are secure. All it means is they are on a higher level than all the shitty exchanges that got hacked.
common guys!!!
They could be safer than a "swiss bank" but it still not worth enough !!!
Why?
Because nobody can protect the millions of ETH,BTS,BTC from greedy exchange owners!
Do you think a scenario from their part to pretend that they are also goxxed is unlikely?
Do you think in 100 years from now that they will earn more than they already can have... from trading fees?
I bet it is tempting for them to take it all and disappear! I hope they have morals and don't do it! :)
But it is better to stop hoping and take a little bit action!
MOVE YOUR PRECIOUS BTS TO OUR DEX NOW !!!!!!!!!!!!!!!
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
They are secure enough that they havent been able to be hacked yet, even with their btc wallet being like the #4 bitcoin wallet in existence, and have hundreds of millions of eth. I am sure many hackers have tried.
Of course, that is no guarantee they are secure. All it means is they are on a higher level than all the shitty exchanges that got hacked.
common guys!!!
They could be safer than a "swiss bank" but it still not worth enough !!!
Why?
Because nobody can protect the millions of ETH,BTS,BTC from greedy exchange owners!
Do you think a scenario from their part to pretend that they are also goxxed is unlikely?
Do you think in 100 years from now that they will earn more than they already can have... from trading fees?
I bet it is tempting for them to take it all and disappear! I hope they have morals and don't do it! :)
But it is better to stop hoping and take a little bit action!
MOVE YOUR PRECIOUS BTS TO OUR DEX NOW !!!!!!!!!!!!!!!
i don't think so say have 100.000 USD in trading fees every day, they needed a long time but with the ETH pump they hit the jackpot. I think they are looking every day on their wallets and can't believe how fast they are growing. Would be nice to know their expenses.
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Whats with these shorts that borrow my bts at 1400 and still dont cover at +50%. What are they thinking? Lunatics.
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
The precise moment I read this comment I pictured you like this
(https://i.imgflip.com/10mdoi.jpg)
I thought the same thing, but I was thinking more a mob boss.
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How secure is Poloniex? They have a lot of BTC and BTS there, would be a shame if something happened...
The precise moment I read this comment I pictured you like this
(https://i.imgflip.com/10mdoi.jpg)
I thought the same thing, but I was thinking more a mob boss.
man, I wish someone has come up with un idea where all BTS (or dShares) are always in the DEX... ;)
-
Easy come easy go I guess. Heh.
Edit: Already ricocheting back up. lol intense
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Any thoughts from the traders on what caused that crash? Looks like someone covered a massive short afterwards.
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Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.
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Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.
I just never worry about things outside my control. For every seller, there are buyers. It's like poker, it's easy to get frustrated when people make poor moves and still drag down pots. However, there long term expectation will eventually catch up with them if enough hands are dealt. I believe this is just the initial spark for Bitshares. With the 2.0 projects getting more attention, the crypto public will finally start catching up to what we all knew all along.
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Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.
blogpost from Azure has not come out yet, that may cause "the" rise
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Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.
Wasn't that little dump possibly the case of longs being under-margined and a big buy order being removed resulting in forced liquidations as you explained here?
Lets say that the person with the buy wall at 850 sats in our example cancelled his order. Now, polo recalculates how much you could sell your BTS for. Lets say that the 850 wall was a big wall and you were relying on its existence. Without it, poloniex sees that you would have to dump all the way down to 400 sats in a liquidation! It recalculates your margin and determines that you are below the 20% liquidation level and are no longer safe. Therefore it autoliquidates your position, and crashes the price to 400 sats.
So the removal of an order from the books on polo can trigger forced liquidations.
-
The same happenned to maidsafe, it bounced back slowly and made a new high a few days later ... nothing to worry, bts uptrend is just stopping for a while to catch its breath and get ready for more ;p
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Always some idiot whale who doesnt realize he can easily sell the bts slowly over time at 2000+, he has to market dump to 1600 to try to kill bts while he gets out with less money.
Wasn't that little dump possibly the case of longs being under-margined and a big buy order being removed resulting in forced liquidations as you explained here?
Lets say that the person with the buy wall at 850 sats in our example cancelled his order. Now, polo recalculates how much you could sell your BTS for. Lets say that the 850 wall was a big wall and you were relying on its existence. Without it, poloniex sees that you would have to dump all the way down to 400 sats in a liquidation! It recalculates your margin and determines that you are below the 20% liquidation level and are no longer safe. Therefore it autoliquidates your position, and crashes the price to 400 sats.
So the removal of an order from the books on polo can trigger forced liquidations.
I will agree with Ander and whoever else posted regarding this... being margin long (and short for that matter) is a very dangerous proposition with moves of that magnitude.
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blogpost from Azure has not come out yet, that may cause "the" rise
that's IT
-
It almost feels like Ethereum (and perhaps some others) has been adopted by whales and presented as a red herring, to distract the masses while they quietly accumulate Bitshares.
The Ethereum user experience is dire compared to what Bitshares is running with.
-
Smart move = liquidate your bts now and buy back at 10 million. Don't be a pig and double your shares.
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Whats with these shorts that borrow my bts at 1400 and still dont cover at +50%. What are they thinking? Lunatics.
I still have eth loans open from Jan 15. How they have not been called I do not know since the price is up about 10x. Its only like 2 eth so I don't really care and it expires in 5 days. I hope their lending systems is working...
-
(http://i.imgur.com/ltrb5QV.jpg)
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It almost feels like Ethereum (and perhaps some others) has been adopted by whales and presented as a red herring, to distract the masses while they quietly accumulate Bitshares.
The Ethereum user experience is dire compared to what Bitshares is running with.
Would be interesting to see them mimick 0.9 all over again. Hilarious to say the least. We would trade positions.
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-10bts.png)
March 10, 2016 was an epic date in history for bts. Trading volume has never been higher in any 24 period since launch. I am optimistic the rise is just getting started.
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Poloniex buyers book is back to 950 btc !
-
Regardless of the immediate price, this type of volume will bring new people into the community investigating the tech.
-
prepare yourself for the coming weeks ;)
(https://s14-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.Md35d2792b13b20bad7b6f21fd7b6eb04o0%26pid%3D15.1%26f%3D1&sp=9f690e4c837de536f6b5bb25c2e7148d)
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My day:
(http://i.imgur.com/BCDYv.gif)
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I guess it is to be expected that we would retrace. We went up far further than I expected far faster than I expected. How long do you all think we are going to slip back down?
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I guess it is to be expected that we would retrace. We went up far further than I expected far faster than I expected. How long do you all think we are going to slip back down?
Going up a significant % along with massive volume is great even if this retreats. It should open the eyes to those who put off BTS.
-
right now people are hope, that then will have a chance to buy cheap BTS at 1600. If that is the new bottom for next month, I can live with that ;)
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I guess it is to be expected that we would retrace. We went up far further than I expected far faster than I expected. How long do you all think we are going to slip back down?
Going up a significant % along with massive volume is great even if this retreats. It should open the eyes to those who put off BTS.
It is even better because this still gives a chance to buy below price which later can be easily reached. Nobody want to buy when price is ATH or highest since months.
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I guess it is to be expected that we would retrace. We went up far further than I expected far faster than I expected. How long do you all think we are going to slip back down?
Going up a significant % along with massive volume is great even if this retreats. It should open the eyes to those who put off BTS.
It is even better because this still gives a chance to buy below price which later can be easily reached. Nobody want to buy when price is ATH or highest since months.
Good point. Also if it retraces and jumps again soon. We get another day of free advertising. More time for fishing in the Poloniex trollbox.
-
I decide to shoot for uniqueness / originality with this post... ;)
but last chances to ever claim "you bought bts in 1700 satoshi" range...
-
trust sent 8,376,521 BTS to poloniexwallet
8 hours ago
trust sent 4,213,283 BTS to poloniexwallet
12 hours ago
trust sent 3,235,842 BTS to poloniexwallet
17 hours ago
trust sent 2,000,000 BTS to poloniexwallet
1 day ago
-
trust sent 8,376,521 BTS to poloniexwallet
8 hours ago
trust sent 4,213,283 BTS to poloniexwallet
12 hours ago
trust sent 3,235,842 BTS to poloniexwallet
17 hours ago
trust sent 2,000,000 BTS to poloniexwallet
1 day ago
yes if BTS (aka trust) has not discovered the self funding self f*ing blockchain innovation, we would be at 2100-2300 sat right now...
We might still eventual get there, but man that is pretty stupid move.
-
Friends like these eh :(
-
prepare yourself for the coming weeks ;)
The important thing when you have momentum is to build on it. I'm a big fan of the yield promotion bringing in new BTS demand, getting people onto the DEX and rapidly raising our valuation further.
However something most agree on is a liquidity subsidy, which can be implemented very quickly. So I think we should start a conservative one as soon as possible, which can be adjusted based on results. Improved DEX usage, liquidity and a tighter peg on key SmartCoins will help us build on the current momentum, attention and spotlight in the coming weeks.
-
trust sent 8,376,521 BTS to poloniexwallet
8 hours ago
trust sent 4,213,283 BTS to poloniexwallet
12 hours ago
trust sent 3,235,842 BTS to poloniexwallet
17 hours ago
trust sent 2,000,000 BTS to poloniexwallet
1 day ago
yes if BTS (aka trust) has not discovered the self funding self f*ing blockchain innovation, we would be at 2100-2300 sat right now...
We might still eventual get there, but man that is pretty stupid move.
Yep he just keeps on claiming funds
-
I'd like to announce that this pump did not just fund the BitShares News (http://bitsharesnews.info/) blog. So no wood here. ;)
-
Not worried in the slightest. This guy is either trying to stop a bull run, which is inevitable in my opinion, or he is that ignorant to sell at a 60-70 percent increase, right before the Azure BaaS blog/twitter post (0.4 million followers on Azure's twitter) and before the media starts going crazy.
Once the last 2 happen, he will get overwhelmed and the price will not be influenced by his actions anymore.
-
prepare yourself for the coming weeks ;)
The important thing when you have momentum is to build on it. I'm a big fan of the yield promotion bringing in new BTS demand, getting people onto the DEX and rapidly raising our valuation further.
+5%
Not worried in the slightest. This guy is either trying to stop a bull run, which is inevitable in my opinion, or he is that ignorant to sell at a 60-70 percent increase, right before the Azure BaaS blog/twitter post (0.4 million followers on Azure's twitter) and before the media starts going crazy.
Once the last 2 happen, he will get overwhelmed and the price will not be influenced by his actions anymore.
+5%
-
I was impressed with the measured responses on Polo last night concerning BitShares. When the FUD started rolling, community members just focused on what BitShares can deliver. Hopefully more spend time on their addressing BitShares concerns.
-
There is a battle near the new high. Seems that a whale is dumping when we approach 2230 sat. I hope he's done with the dumping, I want a new high, it's too much fun !!!!
-
I was impressed with the measured responses on Polo last night concerning BitShares. When the FUD started rolling, community members just focused on what BitShares can deliver. Hopefully more spend time on their addressing BitShares concerns.
+5% agreed
-
There is a battle near the new high. Seems that a whale is dumping when we approach 2230 sat. I hope he's done with the dumping, I want a new high, it's too much fun !!!!
Yeah it looks that way. Some kind of suppression going on. I hope it is just part of trading for new highs.
-
The whale dumbed once again, 200-300 million bts on Polo :(
It's a lot of millions, it should run dry any moment !
-
When polo went above 2000 it became way ahead of btc38. The 'dumping' could easily have just been arbitraging.
Now btc38 has caught up again.
The pattern looks like an ascending triangle and it looks bullish. Same pattern that ETH and XMR repeated multiple times in their rises.
-
When polo went above 2000 it became way ahead of btc38. The 'dumping' could easily have just been arbitraging.
Now btc38 has caught up again.
The pattern looks like an ascending triangle and it looks bullish. Same pattern that ETH and XMR repeated multiple times in their rises.
Same pattern as bitcoin in 2013 ...
-
The bts weekly chart has finally given a moving average buy signal for the first time in 18 months. It looks like the bear could be over.
-
It looks like the bear could be over.
(http://e.lvme.me/cazgv41.jpg)
-
...or someone could have made a market here.
-
When polo went above 2000 it became way ahead of btc38. The 'dumping' could easily have just been arbitraging.
+5%
EXACTLY!
that is my observation too for many big transfers to poloniex.
When poloniex price is above btc38 price, millions of BTS go to poloniex.
It is in most cases arbitraging!! Good call @Ander !!!
PS and it helps because the fund are in seconds on the exchanges.... ;)
-
This fight around 2k, hope we can beat it
-
trust sent 15,757,392 BTS to poloniexwallet
2 hours ago
trust sent 5,432,100 BTS to poloniexwallet
1 day ago
The account is empty now.
As a result, @xeroc's and @roadscape's workers are voted out.
-
trust sent 15,757,392 BTS to poloniexwallet
2 hours ago
trust sent 5,432,100 BTS to poloniexwallet
1 day ago
The account is empty now.
As a result, @xeroc's and @roadscape's workers are voted out.
well now that trust is empty we can finally rise a bit.
-
trust sent 15,757,392 BTS to poloniexwallet
2 hours ago
trust sent 5,432,100 BTS to poloniexwallet
1 day ago
The account is empty now.
As a result, @xeroc's and @roadscape's workers are voted out.
Seems someone is completely abandoning bts. On the bright side, one less whale to worry about. just seems strange someone with so many bts and even with xeroc as a proxy - meaning that person seems to care - is just dumping all those coins.
someone selling +2M bts now on polo
edit: lol someone just bought 42 btc all at once, eating through that wall
(http://i.imgur.com/cs2F6lu.png)
-
someone selling +2M bts now on polo
... and they're gone. : )
-
someone selling +2M bts now on polo
... and they're gone. : )
Maybe the same person who had a 100-150btc buy wall since that one disappeared? well, we only need this to happen 5 more times to handle trust's dumps
-
This person is probably using the power of their stake to Sorc the market. They'll be back with a few million more, just watch.
-
Sort?
-
Manipulate, influence,cast fate upon. sorry, obscure word :-)
-
#sharebits "Empirical1.2 " 1 USD
-
Hey tonyk, here are the results of your tips...
- Empirical1.2 (http://sharebits.io/Home/Dashboard?username=Empirical1.2): has been credited 1 USD
Curious about ShareBits? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Source: https://bitsharestalk.org/index.php/topic,16894.msg285449/topicseen.html#msg285449
Created by hybridd (https://bitsharestalk.org/index.php?action=profile;u=40140)
-
#sharebits "Empirical1.2" 74 USD
-
Hey tonyk, here are the results of your tips...
- Empirical1.2 (http://sharebits.io/Home/Dashboard?username=Empirical1.2): has been credited 74 USD
Curious about ShareBits? Visit us at http://sharebits.io and start tipping BTS on https://bitsharestalk.org/ today!
Source: https://bitsharestalk.org/index.php/topic,16894.msg285451/topicseen.html#msg285451
Created by hybridd (https://bitsharestalk.org/index.php?action=profile;u=40140)
-
Someone is dumping
-
Someone is dumping
Well, 15M shares can't be dumped at once so it might take a while. Plus the blog post hasnt come out yet and ethereum is being hyped again so it kind of stole the attention we were getting.
-
Someone is dumping
Well, 15M shares can't be dumped at once so it might take a while. Plus the blog post hasnt come out yet and ethereum is being hyped again so it kind of stole the attention we were getting.
35M actually but
I cannot make up my mind which is more disturbing/disgusting:
-selling at this ridiculously low price to secure ~10 mo. of some resemblance of development...just cause no-one is actually willing to invest in you, even at that funny low price.
-faking 28Mil market cap [by moving shares around between 'founders']
all in all, a pretty low point in crypto anyway.
PS
the irony is of course those 2 tactics are more or less complete opposite of each other... yet I have hard time deciding which one I dislike more.
-
Someone is dumping
Well, 15M shares can't be dumped at once so it might take a while. Plus the blog post hasnt come out yet and ethereum is being hyped again so it kind of stole the attention we were getting.
35M actually but
I cannot make up my mind which is more disturbing/disgusting:
-selling at this ridiculously low price to secure ~10 mo. of some resemblance of development...just cause no-one is actually willing to invest in you, even at that funny low price.
-faking 28Mil market cap [by moving shares around between 'founders']
all in all, a pretty low point in crypto anyway.
PS
the irony is of course those 2 tactics are more or less complete opposite of each other... yet I have hard time deciding which one I dislike more.
Did we actually reach 28M marketcap?
I agree with you, it doesn't even make sense to dump when you could slowly get rid of them at higher prices. And everyone wants money. The more, the better so it doesn't make sense. You only accept taking less money when you're conditioned by something (time?). Dunno.
I like to try to make sense of everything but maybe some things just aren't meant to be explained lol
-
Did we actually reach 28M marketcap?
if by 'we' you mean did 'BTS' reach 28Mil USD market cap?...no.
I was talking about another crypto player... connected to BTS in more ways than one 3, though...
-
I'd like to think the dumping is primarily people just moving coins to join the ETH bubble...and when it finally tops (tomorrow?) the other alts will have a chance to shine again.
But there's no way to be certain that the accounts sending shares to Polo are in any way dev-related, or that they're actually even selling for that matter...
Did we actually reach 28M marketcap?
if by 'we' you mean did 'BTS' reach 28Mil USD market cap?...no.
I was talking about another crypto player... connected to BTS in more ways than one though...
...which player is that? The closest I see to 28 mil right now are Dash and Doge.
-
lisk apparently uses DPOS model, are the devs aware of this or somehow working with them to fork graphene and do dAPP development?This is a plus for bitshares consensus model.
-
...which player is that? The closest I see to 28 mil right now are Dash and Doge.
look closer!
and I mean literally.
The riddle goes " "If you sometimes run in front of a running back, and you wear number 7, you just bought at ~48Mil USD market cap"
-
someone dumped 2M to btc38 just now.
41:23 0.0452 2047858
-
getting rekt now
-
Soooo....what are the charts saying now guys?
I know nothing about technical trading, but it looks to be a fairly low volume dump overall, compared to the pump candles going on the other day. Does that mean anything?
Kind of feels like ETH stole our pump, and now we have to pay for their dump, too. Double whammy.
-
Soooo....what are the charts saying now guys?
I know nothing about technical trading, but it looks to be a fairly low volume dump overall, compared to the pump candles going on the other day. Does that mean anything?
Kind of feels like ETH stole our pump, and now we have to pay for their dump, too. Double whammy.
This happened to everyone. A coordinated dump. BTS, ETH, MAID, SJCX, FCT. Everything down in a matter of minutes. Someone trying to create chaos.
Seems pretty much like those BTC flash crashes that used to happen on BTC-e
-
Soooo....what are the charts saying now guys?
I know nothing about technical trading, but it looks to be a fairly low volume dump overall, compared to the pump candles going on the other day. Does that mean anything?
Kind of feels like ETH stole our pump, and now we have to pay for their dump, too. Double whammy.
This happened to everyone. A coordinated dump. BTS, ETH, MAID, SJCX, FCT. Everything down in a matter of minutes. Someone trying to create chaos.
What's interesting is that these coins have majority of the volume on Poloniex. I worry another Willy bot could be in play. Thoughts?
-
Soooo....what are the charts saying now guys?
I know nothing about technical trading, but it looks to be a fairly low volume dump overall, compared to the pump candles going on the other day. Does that mean anything?
Kind of feels like ETH stole our pump, and now we have to pay for their dump, too. Double whammy.
This happened to everyone. A coordinated dump. BTS, ETH, MAID, SJCX, FCT. Everything down in a matter of minutes. Someone trying to create chaos.
What's interesting is that these coins have majority of the volume on Poloniex. I worry another Willy bot could be in play. Thoughts?
There's no way of knowing that. Could be someone just wanting to cause panic on Polo. Remember they were under DDOS a few hours ago!! It think there's some chance of that. With this huge volume, polo should have a pretty big target on its back.
Someone has a case against Polo or Ethereum maybe. I think that's more likely.
Ether is going to be added on a chinese exchange today too so maybe someone wanting to get in cheap before the chinese get in?
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Soooo....what are the charts saying now guys?
I know nothing about technical trading, but it looks to be a fairly low volume dump overall, compared to the pump candles going on the other day. Does that mean anything?
Kind of feels like ETH stole our pump, and now we have to pay for their dump, too. Double whammy.
This happened to everyone. A coordinated dump. BTS, ETH, MAID, SJCX, FCT. Everything down in a matter of minutes. Someone trying to create chaos.
What's interesting is that these coins have majority of the volume on Poloniex. I worry another Willy bot could be in play. Thoughts?
There's no way of knowing that. Could be someone just wanting to cause panic on Polo. Remember they were under DDOS a few hours ago!! It think there's some chance of that. With this huge volume, polo should have a pretty big target on its back.
Someone has a case against Polo or Ethereum maybe. I think that's more likely.
Ether is going to be added on a chinese exchange today too so maybe someone wanting to get in cheap before the chinese get in?
Symptoms are similar to Gox. I'm not saying that's what it is, however the volume on all these "alts" is astronomical at similar times. I've been around BTC for awhile and it's hard for me to believe all this volume is natural NEW awareness in blockchain tech.
I guess I'm becoming too used to BitShares openness!
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thin market tactics
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Symptoms are similar to Gox.
(http://images.memes.com/meme/568522)
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http://www.hitfin.com/ - Financial derivatives running on Ethereum network.
BTS will face a lot of competition like that.
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http://www.hitfin.com/ - Financial derivatives running on Ethereum network.
BTS will face a lot of competition like that.
This is interesting. Does running on Ethereum blockchain mean that the company cannot go bust, take the money and run away?
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Based on the BTS action, I get the feeling some idiots margin longed it on a rise again. Hope it wasnt any of you guys.
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@Ander I'm pretty sure nobody's going to brag (or complain) that they were margin long, it was clearly a reckless move at this point...
I thought we were already lucky there wasn't a retracement right after the rise, but I had a feeling it would happen at some point. I was hoping I'd be wrong though.
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Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
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Fair weather friends ... how soon you forget!
(http://i.imgur.com/yfSgRF9.jpg)
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Fair weather friends ... how soon you forget!
(http://i.imgur.com/yfSgRF9.jpg)
Holy shit that's awesome Tuck.
Let's hope it comes true. Heh.
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finally out https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
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The drop is annoying yeah, but as long as we make a higher floor its still progress. Currently we are still higher than before the pump started, just have to hold around the 1400 level and its all good.
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Heading up again I think. Seeing Bitshares mentioned and described (well), in an article by Mircosoft was nice.
BTS has always had a history of large spikes. It spikes hard up or down. You have to expect this. We went from like 1200 to 2300 in a couple days and then retraced most of it. Thats the way BTS moves I guess. Just hodl, take partial profits on rises and buy drops, and dont margin it.
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https://clains.tinytake.com/sf/NTM0NDA4XzI3ODc0MzM
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
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Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
What's your deal, man? We bottomed out in early January at .000004 and have been in a nice, steady uptrend (yellow channel) since then. A few days ago we had a nice catalyst, busted out of the 2-month uptrend, and hit the top of a longer term downtrend (red channel). Now we've pulled back and so far seem to have found support at previous resistance. Sooner or later we'll have another go at the top of the larger downtrend channel. Once we break through that -- Katie, bar the door.
By the way, aren't you a trader? You sure don't act like it. Unless you're just trying to scare people so you can buy as low as possible. Without a doubt, there are people here who play that game.
(https://www.coinigy.com/assets/img/charts/56e741bd.png)
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Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
What's your deal, man? We bottomed out in early January at .000004 and have been in a nice, steady uptrend (yellow channel) since then. A few days ago we had a nice catalyst, busted out of the 2-month uptrend, and hit the top of a longer term downtrend (red channel). Now we've pulled back and so far seem to have found support at previous resistance. Sooner or later we'll have another go at the top of the larger downtrend channel. Once we break through that -- Katie, bar the door.
By the way, aren't you a trader? You sure don't act like it. Unless you're just trying to scare people so you can buy as low as possible. Without a doubt, there are people here who play that game.
(https://www.coinigy.com/assets/img/charts/56e741bd.png)
How exactly is a trader suppose to act??? Didn't realize that there was a code of ethics in this business...
I could care less what BTS does in respect to BTC... I only care what it does in dollar terms. And in dollar terms it spikes to the upside but sticks to the downside. It's in a descending triangle. That is bearish and shitty price action for anyone who is a bull. It's been the same pattern for the last year and a half.
Maybe you are right and finally BTS stabilizes at a higher dollar amount, but I'm going to stick with history... I'm half way to my target
Smart move = liquidate your bts now and buy back at 10 million. Don't be a pig and double your shares.
This forum is a pig pen when bts even rises slightly... and they continue to get slaughtered
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It is funny to hear whining from "professional" traders. What is your problem? This pump is a f.cking luck. Dump, and buy later at lower price.
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Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
BTS is still 50% higher in BTC and USD in less than 12 days based on information that was reasonably easy to speculatively trade.
I'm stocking up on BTS right now, hopefully I still have another few hours to get some under 0.00001
the reason is perhaps because we could be shortly added to Microsoft Azure BAAS.
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Hopefully that buywall is real, and will not be pulled. If so, very nice, we should hold 1400.
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and this trend line is convincing to me also!
(https://2.bp.blogspot.com/-wPVzxkr_6X0/VudoTQliJUI/AAAAAAAADjk/BTE3xqoK4RUXM7QjTioEFzouHv3s8Kdzw/s1600/bts_trend.png)
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The drop is annoying yeah, but as long as we make a higher floor its still progress. Currently we are still higher than before the pump started, just have to hold around the 1400 level and its all good.
That is right. We are at a higher floor. Some were saying 'Buy on rumour, sell on news', so it is not a surprise.
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All these major price jumps are synthetic, nobody has delivered a finished product yet... I think sometimes people forget how markets work.
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
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All these major price jumps are synthetic, nobody has delivered a finished product yet... I think sometimes people forget how markets work.
More often than not price pumps and dumps have nothing to do with finished products much less "fundamentals". Markets move based on sentiment and positioning... BTS 2.0 was delivered (which could be seen as a big release) and the price went down. Most would argue 2.0 was superior 1.0 but has a much much lower valuation.
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You only get one chance to make a good first impression.
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
A regular pump-and-dump not unlike the past ones. One benefit though - it draws in new users with new ideas and energy. :)
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .
It's too bad. They could have put that front end on bts for quite a bit less, and had a much better product.
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .
It's too bad. They could have put that front end on bts for quite a bit less, and had a much better product.
Can't disagree one bit! +5%
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
he mistakenly compares the actual price of one share and doesn't account the total shares in circulation of each .... :D
(https://2.bp.blogspot.com/-hOgAa89p_KU/VuhWwohioXI/AAAAAAAADj0/bz5Sd_OLxsktQZeyqjE8GP2LVdFb4vUvQ/s1600/syscoin.png)
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When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices. Nobody in crypto 2 space is really delivering any substantial value as of yet. Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business. Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with.
But what can you really do with these 2.0 platforms? What can one do with some Ether, with a Bit-share, with some Factom? Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating. There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
he mistakenly compares the actual price of one share and doesn't account the total shares in circulation of each .... :D
(https://2.bp.blogspot.com/-hOgAa89p_KU/VuhWwohioXI/AAAAAAAADj0/bz5Sd_OLxsktQZeyqjE8GP2LVdFb4vUvQ/s1600/syscoin.png)
Let me clarify myself before too many people get cheeky about what I'm saying...
It doesn't matter per'se what the market cap is, or the amount of coins that are in circulation... yes those do come into play.
BUT... at some point it'll always boil down to one simple fact... am I/anyone willing to pay a specific price to purchase any product/service (forced pump/dumps partially excluded).
That being said, if someone is willing to pay 0.00001400 BTC for one token of either BTS, SYS or whatever... then that places monetary value of that specific token, in turn effecting it's Market Cap based on tokens in circulation.
I'm just trying to make a simple statement that within a 2yr span, SYS coin had surpassed BTS in per coin value, not overall market cap.
An idea we all should let sink in a bit ;D
ps- I'm in no way dissing BTS btw!!!
I'm all in BTS and will continue to!
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BTS just shot up, this is what happens when you hold 1400 and make a higher low. :)
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lol ... what am I missing ? :o
(https://4.bp.blogspot.com/-vg26sXZqOy4/Vuh6995cD0I/AAAAAAAADkE/xeorqDkVdJU3IfQs4k_jrkXyZTu6f8P8Q/s1600/pts.png)
http://coinmarketcap.com/currencies/bitshares-pts/#charts
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Buy Orders
Total:
1322.47420186
BTC
About 600btc of it is around 290 sats though.
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290 sats you say!!!!
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lol ... what am I missing ? :o
(https://4.bp.blogspot.com/-vg26sXZqOy4/Vuh6995cD0I/AAAAAAAADkE/xeorqDkVdJU3IfQs4k_jrkXyZTu6f8P8Q/s1600/pts.png)
http://coinmarketcap.com/currencies/bitshares-pts/#charts
That one is bitshares PTS
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290 sats you say!!!!
looks like its actually 300. As much as I might like to believe that this whale meant to type in 3000, and will come back in a few minutes to remedy his mistake, I think a far more likely scenario is that he is attempting to manipulate us.
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That one is bitshares PTS
I know
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So someone threw away 5 bitcoins on PTS? Lol.
That happens like every time bitshares has a big rally. One guy doesnt realize the difference between PTS and BTS.
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290 sats you say!!!!
looks like its actually 300. As much as I might like to believe that this whale meant to type in 3000, and will come back in a few minutes to remedy his mistake, I think a far more likely scenario is that he is attempting to manipulate us.
One can never know for sure. ;)
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When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices. Nobody in crypto 2 space is really delivering any substantial value as of yet. Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business. Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with.
But what can you really do with these 2.0 platforms? What can one do with some Ether, with a Bit-share, with some Factom? Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating. There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.
BitShares do have its products and no need to rely on "Bitcoin denominated services", however there are too few commercial use cases atm, and right, not yet profitable. But bitcoin is profitable?
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Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation
What do you mean? Our market cap is more than 5X theirs.
he mistakenly compares the actual price of one share and doesn't account the total shares in circulation of each .... :D
(https://2.bp.blogspot.com/-hOgAa89p_KU/VuhWwohioXI/AAAAAAAADj0/bz5Sd_OLxsktQZeyqjE8GP2LVdFb4vUvQ/s1600/syscoin.png)
Let me clarify myself before too many people get cheeky about what I'm saying...
It doesn't matter per'se what the market cap is, or the amount of coins that are in circulation... yes those do come into play.
BUT... at some point it'll always boil down to one simple fact... am I/anyone willing to pay a specific price to purchase any product/service (forced pump/dumps partially excluded).
That being said, if someone is willing to pay 0.00001400 BTC for one token of either BTS, SYS or whatever... then that places monetary value of that specific token, in turn effecting it's Market Cap based on tokens in circulation.
I'm just trying to make a simple statement that within a 2yr span, SYS coin had surpassed BTS in per coin value, not overall market cap.
An idea we all should let sink in a bit ;D
ps- I'm in no way dissing BTS btw!!!
I'm all in BTS and will continue to!
Still, it's best to focus on trading volume and market cap. Coin price is only worth watching to determine your ROI. High market cap and high daily trading volumes are important because it allows user to get in and out of the asset when they choose to. These cryptos with under 30k of daily trading volume aren't liquid enough for investors participate because small amounts of cash move the needle too much.
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1100 btc buy support on poloniex, quite high yet all of it no where near the current market price. I'm still having a hard time believing all the buy support and volume going on in alt's compared with btc.
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When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices. Nobody in crypto 2 space is really delivering any substantial value as of yet. Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business. Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with.
But what can you really do with these 2.0 platforms? What can one do with some Ether, with a Bit-share, with some Factom? Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating. There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.
BitShares do have its products and no need to rely on "Bitcoin denominated services", however there are too few commercial use cases atm, and right, not yet profitable. But bitcoin is profitable?
Lets just say that Bitcoin is not going broke any time soon. It certainly seems capable of gracefully absorbing 1.6 million dollars of daily inflation.
2.0 projects just need more useful apps, really. Fighting with bitcoin about who can provide bitcoin's services better has proven to be pretty much fruitless. The market doesn't care very much. If you want to move money into crypto from fiat, you use bitcoin; if you want to speculate on other digital currencies, you trade against Bitcoin; if you want to transfer large sums of money without going through banks, you do it with bitcoin; if you want to buy stuff online with e-currency, you do it with bitcoin.
Bitcoin was brilliantly engineered to be successful, and even the things that are questionable about it's implementation, play well with the human psyche and are probably intentional. eg the ridiculous expenditure on security.. really a way to create grass-roots marketing and encourage participation; the slow confirmation times.... really a way to add weight to the idea that an immutable transaction has occurred; the fact that creator of the protocol has 1.1Million coins that have not been spent... really a way to say I'm in this to win it.
2.0 projects need more infrastructure built on them, they need to provide different value than bitcoin provides. That value might not be new implementations of bitcoin's services, but the extension of those services. I think the hang-up has been that everybody is trying to create solutions that are completely decentralized... in the end, it's not possible for every single app to be decentralized. There will have to be actors and trust and reputation and single points of failure sometimes if there is to be an economy built on 2.0 platforms. That's the key to sustainable market cap, imo, bit Businesses.
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1100 btc buy support on poloniex, quite high yet all of it no where near the current market price. I'm still having a hard time believing all the buy support and volume going on in alt's compared with btc.
A bunch of people have figured out that btc sucks and cant resolve its issues.
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Wall got removed and bts dumped lol
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
Same price action over and over... One day spike followed by constant steady dumpage, and probably sold to all the "higher floor" guys
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the investors are waiting for the .0045 dollar mark.
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I could care less what BTS does in respect to BTC... I only care what it does in dollar terms. And in dollar terms it spikes to the upside but sticks to the downside. It's in a descending triangle. That is bearish and shitty price action for anyone who is a bull. It's been the same pattern for the last year and a half.
Maybe you are right and finally BTS stabilizes at a higher dollar amount, but I'm going to stick with history... I'm half way to my target
Smart move = liquidate your bts now and buy back at 10 million. Don't be a pig and double your shares.
This forum is a pig pen when bts even rises slightly... and they continue to get slaughtered
+5%
best trading advises ever!
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
Same price action over and over... One day spike followed by constant steady dumpage, and probably sold to all the "higher floor" guys
Yes. Pumps and dumps. Speculators chasing after the next 'wave'. What is new?
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Most all the major crypto coins got dumped today not only BTS.
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Most all the major crypto coins got dumped today not only BTS.
Exactly, blood's spilling everywhere. You can't point at BTS and say "wow BTS you suck at going up LOL told ya so" during this bloodbath.
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Most all the major crypto coins got dumped today not only BTS.
Exactly, blood's spilling everywhere. You can't point at BTS and say "wow BTS you suck at going up LOL told ya so" during this bloodbath.
So you can only be right about being bearish if only BTS falls while other coins stay afloat??? Gotcha...
You can make excuses or you can make money. FYI... over the last 7 days only FACTOM has fallen more than BTS. The only other coin that is doing badly, but not as badly as BTS, is ethereum. But ethereum has had a meteoric rise from 30 mil to 1 billion, a small retracement should be expected. BTS gets pumped from 10 to 20mil and gives the entire thing back in a week. That is garbage price action.
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
You were not bearish, and that was said not by bulls. You were whining about the price bouncing down after pump, "oh shit, how a trader is supposed to act???" Oh yeah, this happens for the first time, what a confusion for professional traders!!! lol
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
You were not bearish. You were whining about the price bouncing down after pump, "oh shit, how a trader is supposed to act???" Oh yeah, this happens for the first time, what a confusion for professional traders!!! lol
I said sell on March 10th at 20 million and buy back when it reaches 10 million and double your shares... But I guess in your world predicting a price drop doesn't mean being bearish.
How should have i put it in order to make it clearer for you??
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
You were not bearish. You were whining about the price bouncing down after pump, "oh shit, how a trader is supposed to act???" Oh yeah, this happens for the first time, what a confusion for professional traders!!! lol
I said sell on March 10th at 20 million and buy back when it reaches 10 million and double your shares... But I guess in your world predicting a price drop doesn't mean being bearish.
How should have i put it in order to make it clearer for you??
Are you still suggesting to buy at 10M? (I am asking due to the tank for all crypto's right now...)
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
You were not bearish. You were whining about the price bouncing down after pump, "oh shit, how a trader is supposed to act???" Oh yeah, this happens for the first time, what a confusion for professional traders!!! lol
I said sell on March 10th at 20 million and buy back when it reaches 10 million and double your shares... But I guess in your world predicting a price drop doesn't mean being bearish.
How should have i put it in order to make it clearer for you??
You were not predicting nothing, you were whining about price drop.
Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
And "bts bulls", who said that you are not acting like a trader sold right before they said this.
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Hmmm wonder where all the bts bulls went that said I wasnt "acting like a trader" because I was bearish bts...
You were not bearish. You were whining about the price bouncing down after pump, "oh shit, how a trader is supposed to act???" Oh yeah, this happens for the first time, what a confusion for professional traders!!! lol
I said sell on March 10th at 20 million and buy back when it reaches 10 million and double your shares... But I guess in your world predicting a price drop doesn't mean being bearish.
How should have i put it in order to make it clearer for you??
You were not predicting nothing, you were whining about price drop.
Total shit price action... BTS has no "stickiness" to the upside, only to the downside. All it does is spike and get dumped on by whales. Only way to make money long is to watch the charts and pray you are around when there is the 1 day pump.
And "bts bulls", who said that you are not acting like a trader sold right before they said this.
Time Stamp Bro
Smart move = liquidate your bts now and buy back at 10 million. Don't be a pig and double your shares.
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All right here is a trade for anyone who wants to follow.
Buy now (approx 14.7 mill market cap)
-Stop if it falls below 12.5 mill market cap
-Take profit at 20 mill market cap
That is about a 3:1 risk reward
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All right here is a trade for anyone who wants to follow.
Buy now (approx 14.7 mill market cap)
-StopBuy bitUSD on the DEX if it falls below 12.5 mill market cap
-Take profitBuy bitUSD on the DEX at 20 mill market cap
That is about a 3:1 risk reward
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-19BTS.png)
I suspect the price will trend down from here, staying inside the above descending triangle until around March 24, when it will break either way. IMO Ether will lead the way.
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(http://sr.photos3.fotosearch.com/bthumb/FSD/FSD351/x13417995.jpg)
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All right here is a trade for anyone who wants to follow.
Buy now (approx 14.7 mill market cap)
-Stop if it falls below 12.5 mill market cap
-Take profit at 20 mill market cap
That is about a 3:1 risk reward
Million of what?
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All right here is a trade for anyone who wants to follow.
Buy now (approx 14.7 mill market cap)
-Stop if it falls below 12.5 mill market cap
-Take profit at 20 mill market cap
That is about a 3:1 risk reward
Million of what?
USD?
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-19BTS.png)
I suspect the price will trend down from here, staying inside the above descending triangle until around March 24, when it will break either way. IMO Ether will lead the way.
Good! As BM claims of late
"The lower the price, the better! More people can get onboard and expand the system!"
So can we push it to 1100 sat? preferably 850 or 700?... just for network effect purposes that is?
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Good! As BM claims of late
"The lower the price, the better! More people can get onboard and expand the system!"
::)
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Look for expanding markets all you want, i think we will see a fast move up within the next few days
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Look for expanding markets all you want, i think we will see a fast move up within the next few days
Why?
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look up the wallet named "trust"
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I have no secret knowledge, its just the way it looks to me.
but either way in my opinion price going down is not great for getting people to look at the project, price going down signifies a dying project / lack of interest. everyone close to Bitshares knows we have great value in what we hold but sadly it takes effort to understand that, and in a world with some many cryptos you need something to drive you to look at a project, for me it generally not seeing the price move downwards.
if price goes down sure some people might buy shares but i would think they a more speculators doing so on centralised exchanges and will not even look at the client, the DEX, protocol or other offerings. if prices rise people might be interested enough to find out why it's moving up and what makes it tick, after which, if the price was to move down again maybe they would consider becoming a larger holder.
Just my thoughts,
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look up the wallet named "trust"
LOL he is out of funds :), poor guy
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the price will only go up only and if again some nice whales create $1 mil worth bitassets by locking some collateral and daily volume is more than $4 mil for at least a week.. until then it will just be pumps to $20 mil market cap and dumps to $7 mil market caps..And if these nice whales don't create those $1 mil bitassets then eventually bitshares will be dumped to zero..I am sad.. :(
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the price will only go up only and if again some nice whales create $1 mil worth bitassets by locking some collateral and daily volume is more than $4 mil for at least a week.. until then it will just be pumps to $20 mil market cap and dumps to $7 mil market caps..And if these nice whales don't create those $1 mil bitassets then eventually bitshares will be dumped to zero..I am sad.. :(
I think you are sad.. try this -> relax bro! :)
(https://memecrunch.com/meme/4C12C/just-relax-aye/image.png?w=500&c=1)
think of the powerful platform that exists... right now.
we need the markets to be liquid enough and you have the ability to move value from gold, silver, USD, CNY in seconds for fractions of a cent!. think of the real world cost of doing these transaction and the process and time required; once you have moved these values your can send them any where in the world; in a system that elect block producers and cannot be bought out by leasing/buy a shit ton of hardware, and a process where the stakeholders actually have a say in what direction we take - what BTC doing these day - i don't know but that's what worries me, not Bitshares.
i look forward to the day i can buy a MPA of a stock in another country or commodity like orange juice or coffee without brokers, commissions, and crazy settlement times
-
look up the wallet named "trust"
LOL he is out of funds :), poor guy
lol,
maybe we should take up a collection for him
poor fella
-
look up the wallet named "trust"
LOL he is out of funds :), poor guy
lol,
maybe we should take up a collection for him
poor fella
Or maybe he sold high and you should envy him, not feel sorry for him?
-
Are we seeing Ander's famous 3rd wave?
"Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of Golden Ratio (https://en.wikipedia.org/wiki/Golden_ratio) "
-
moon
-
It's time to play, "Who's Dumping First?"!
Will it be ...
A) A Dev
B) JonnyBitShares
C) The Unknown Dumpster
D) All of the above
;)
-
It's time to play, "Who's Dumping First?"!
Will it be ...
A) A Dev
B) JonnyBitShares
C) The Unknown Dumpster
D) All of the above
;)
I will take *angel* account
-
It's time to play, "Who's Dumping First?"!
Will it be ...
A) A Dev
B) JonnyBitShares
C) The Unknown Dumpster
D) All of the above
;)
So true :D
There was only one true pump in the past 2 years for BitShares, well actually for BTSX, after that only dumps
This time it's surely different ;D
-
Are we seeing Ander's famous 3rd wave?
"Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of Golden Ratio (https://en.wikipedia.org/wiki/Golden_ratio) "
No, this would all have to be part of wave 1 still. But at least the dump to 400 sats looks like it was probably the ultimate bottom (unless BTS were to completely die).
-
Just don't margin long anything that you can't afford to lose. We need to keep our bts in the hands of those of us that love bts. All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.
-
Don't margin BTS ever.
Don't those of us here have enough of it by now? No need to margin and get rekt.
-
Just don't margin long anything that you can't afford to lose. We need to keep our bts in the hands of those of us that love bts. All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.
That statement sounds a little like a cult. :) For every seller, there's a buyer. The market will figure out the value.
-
In hindsight!!! ...
share dropping BTS on PTS is the most stupid idea ever, beating 'the newly minted 500Mil BTS in the merger' by wide wide margin
-
In hindsight!!! ...
share dropping BTS on PTS is the most stupid idea ever, beating 'the newly minted 500Mil BTS in the merger' by wide wide margin
Yeah I agree. PTS was a fast mine, and then we gave some whales huge BTS positions as a result. If PTS had been a more fairly distributed PoW coin mined over a longer period of time, things wouldve turned out better, we wouldnt have had such big whales controlling the fate of BTS.
Alternately, if all of BTS had been an ICO, it would also have been better. More money for devs and/or smaller supply, with all the BTS holders having actually paid money for it, so they dont have a desire to dump it at a big loss.
But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so. This will be like our super-halvening. I think BTS will finally be able to rise again once the merger inflation stops. Two years of low prices, thats what the merger caused.
-
Just don't margin long anything that you can't afford to lose. We need to keep our bts in the hands of those of us that love bts. All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.
That statement sounds a little like a cult. :) For every seller, there's a buyer. The market will figure out the value.
I am not trying to tell people that they shouldn't sell. Everyone has the right to use their property as they see fit. I don't even give BM a hard time when he sells.
What I am trying to point out is that bts was hurt bad by hodlers going margin long. The community lost millions of bts in the process. This bts was no longer in the hands of hodlers, but instead was in the hands of day traders that had essentially won it in a bet. I think it was those day traders that sold us down to 400 sats, and I think we needed to get our bts out of their hands before we could go back up to what I consider reasonable price levels.
-
In hindsight!!! ...
share dropping BTS on PTS is the most stupid idea ever, beating 'the newly minted 500Mil BTS in the merger' by wide wide margin
But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so. This will be like our super-halvening. I think BTS will finally be able to rise again once the merger inflation stops. Two years of low prices, thats what the merger caused.
Maybe we should advertise that.
-
Just don't margin long anything that you can't afford to lose. We need to keep our bts in the hands of those of us that love bts. All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.
That statement sounds a little like a cult. :) For every seller, there's a buyer. The market will figure out the value.
I am not trying to tell people that they shouldn't sell. Everyone has the right to use their property as they see fit. I don't even give BM a hard time when he sells.
What I am trying to point out is that bts was hurt bad by hodlers going margin long. The community lost millions of bts in the process. This bts was no longer in the hands of hodlers, but instead was in the hands of day traders that had essentially won it in a bet. I think it was those day traders that sold us down to 400 sats, and I think we needed to get our bts out of their hands before we could go back up to what I consider reasonable price levels.
I understand your point, I just try not to worry about things I can't directly control. We've certainly sparked interest from Polo, I believe once we are able to make the experience more user friendly and dial into better marketing, we'll be in great shape. The tech is amazing, it would be nice if people outside this small group actually understood it.
-
But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so. This will be like our super-halvening. I think BTS will finally be able to rise again once the merger inflation stops. Two years of low prices, thats what the merger caused.
i am sure BM will find a way to make us wait... another 2 years :P
-
Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.
Good job Bitshares!
-
Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.
Good job Bitshares!
Ander -- What's your impression of Stellar/Lumens/Starcoin/STR? I know it's a ripple clone, but I haven't heard much else about it for at least a year. Does it feel like a sleeper?
https://cryptrader.com/charts/poloniex/str/btc
-
Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.
Good job Bitshares!
Ander -- What's your impression of Stellar/Lumens/Starcoin/STR? I know it's a ripple clone, but I haven't heard much else about it for at least a year. Does it feel like a sleeper?
https://cryptrader.com/charts/poloniex/str/btc
In the past it has followed the same pumps as ripple
-
Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.
Good job Bitshares!
Premined coins are much easier to pump. So perhaps more eyeballs.
-
Too little volume on Polo.
Out of top 10.
-
Low vol on a pull back is not always a bad thing - no ones selling :) when the volume comes back it should be from buyers
-
Way better to drop on low volume than high volume. Low volume declines after a high volume rise usually mean another rise is coming eventually.
BTS might be performing some other coins that are getting way more hype right now, but at least its making higher highs and higher lows now. The recent spike up was the highest in USD terms that BTS has been in over a year. 15M cap and #10 is was better than 8M or less and out of the top 12. Look at NXT right now. If BTS was down next to it, that would be really bad.
BTS has been doing ok, not great or terrible. Better than its done at any point since 2014 at least.
-
https://www.youtube.com/watch?v=hAxDjAmRKkU ;)
-
It's a bit off topic but I still ask this question here because most of the traders of this community watch this thread.
You (traders) probably saw my thread on the creation of a weighted index of the top 20 cryptocurrencies by market capitalisation. It's almost done, it shouldn't be long now for me to officialize the web site and create the smartcoin.
If you didn't see the thread, here it is : https://bitsharestalk.org/index.php/topic,21999.30.html (https://bitsharestalk.org/index.php/topic,21999.30.html)
The force settlement offset is by default at 1%, @Empirical1.2 tell me this :
"If I was too guess, I would think you might have more people willing to go long than short, so you would probably want to offset that with settings that are more favourable for shorters. A force settlement offset of 5% should be more positive for people shorting the index as they would be less worried that they are going to be force settled against unexpectedly. I think, I'm not sure about that though."
Which make a lot of sense ! Any of you have some thought about it or see another % fit better ???
Please consider answer on the original thread ( https://bitsharestalk.org/index.php/topic,21999.30.html (https://bitsharestalk.org/index.php/topic,21999.30.html) ) so it doesn't disturb the conversation on the bts price, thanks guys ;p
-
My bull-dar seems to be tingling...
:P
-
My bull-dar seems to be tingling...
:P
Hurry everyone transfer to the centralized exchanges and dump on them before it's too late!
We can't let BTS get any ground or all teh Dev's will leave!
The price needs to be dropped into the 500's so new Dev's will come begging to work with teh BitShares!!!
This rise is just hurting our chances ... for teh love of Gawd do something whales!!! Save us!!!
-
With localhost out of funds where oh where will we find a whale to dump all over us?
-
My bull-dar seems to be tingling...
:P
Hurry everyone transfer to the centralized exchanges and dump on them before it's too late!
We can't let BTS get any ground or all teh Dev's will leave!
The price needs to be dropped into the 500's so new Dev's will come begging to work with teh BitShares!!!
This rise is just hurting our chances ... for teh love of Gawd do something whales!!! Save us!!!
(https://media.giphy.com/media/9eM1SWnqjrc40/giphy.gif)
-
With localhost out of funds where oh where will we find a whale to dump all over us?
(http://www.quickmeme.com/img/a0/a0278d6ebd9591c39e398b65ed9c5dd9d7d6ea7686578f1088d41908c6b92ca4.jpg)
-
Poloniex was added to Tradingview.com
If any of you feel like posting BTS trading ideas and so indirectly promote BitShares, you can do it here:
https://www.tradingview.com/chart/BTSBTC/
So far nobody has any idea were the BTS price is headed :D
-
How do we get the DEX added to tradingview?
-
How do we get the DEX added to tradingview?
Perhaps suggest it in similar way to this:
https://getsatisfaction.com/tradingview/topics/data-feed-expansion-suggestion-new-cryptocurrency-2-0-and-others
-
Poloniex was added to Tradingview.com
If any of you feel like posting BTS trading ideas and so indirectly promote BitShares, you can do it here:
https://www.tradingview.com/chart/BTSBTC/
So far nobody has any idea were the BTS price is headed :D
+5% +5%
-
Awesome new re: POLO trading view,
Bad news : BTS price just got smashed!, i was watching it at 1650sats with good market structure, breaking prev resistance, then BTC jumped 7 dollars and all hell broke loose :(
-
My bull-dar seems to be tingling...
:P
Hurry everyone transfer to the centralized exchanges and dump on them before it's too late!
We can't let BTS get any ground or all teh Dev's will leave!
The price needs to be dropped into the 500's so new Dev's will come begging to work with teh BitShares!!!
This rise is just hurting our chances ... for teh love of Gawd do something whales!!! Save us!!!
(https://dl.dropboxusercontent.com/u/38768040/misc/2016-03-27BTS.png)
Bearwhales return... with a vengeance.
-
support at 1500sats is growing, but still touchy
-
I found this chart some time ago and it seems stupidly accurate so far. Coincidence maybe?
original, 1 month ago: https://www.tradingview.com/chart/BTCUSD/lBPyIinM-Predictive-Analysis-of-the-Next-Megabull-Cycle-It-s-Now/
updated chart: https://www.tradingview.com/chart/BTCUSD/RnjbY92P-Predictive-Analysis-of-the-Next-Megabull-Cycle-Update-2/
specifically targeted March 27th
-
And another dump
-
support at 1500sats is growing, but still touchy
How do you mean? There is a total of 220 BTC support all the way down to 308 sat.
Just for comparison in the last 30 min 314 BTC worth of BTS changed hands.
It is for sure very dangerous situation
-
(http://i.imgur.com/Ct8LDMM.jpg)
I was a little off, but not by far.
-
It's sad to see every rise being stopped by a dump... Some whales aren't done yet.
-
And another dump
Most everything is being clobbered, no surprise. Eventually bigger holders will be out of dumping ammo.
-
And another dump
Most everything is being clobbered, no surprise. Eventually bigger holders will be out of dumping ammo.
Lets hope you are right. I've been bag-holding for so long now. Like many others on here probably. Glad i had other coins to make up for the massive BTS losses.
-
It was because BTC increased suddenly, it's normal for the ratio to decrease I guess
-
BTS sure sucks every time Bitcoin goes up a bit doesnt it. Not like it was the only one that dropped of course.
Never margin long. Just dont.
Buy bts in 1400-1450 range, without margin.
-
how about this:
dashbuster sent 1,237,994 BTS to poloniexwallet
2 minutes ago
dashbuster sent 262.4 BTS to poloniexwallet
1 hour ago
dashbuster claimed 7.5 BTS
1 hour ago
dashbuster claimed 1,027,146 BTS, 211,109 BTS
1 hour ago
-
how about this:
dashbuster sent 1,237,994 BTS to poloniexwallet
2 minutes ago
dashbuster sent 262.4 BTS to poloniexwallet
1 hour ago
dashbuster claimed 7.5 BTS
1 hour ago
dashbuster claimed 1,027,146 BTS, 211,109 BTS
1 hour ago
What happened? did the bearwhales run out of ammo and now they are scraping the bottom of the barrel? :P :P :P
-
https://cryptofresh.com/u/shanghai-dragon-cny
shanghai-dragon-cny sent 7,500,000 BTS to poloniexwallet
7 hours ago
shanghai-dragon-cny sent 500,000 BTS to poloniexwallet
8 hours ago
-
https://cryptofresh.com/u/shanghai-dragon-cny
shanghai-dragon-cny sent 7,500,000 BTS to poloniexwallet
7 hours ago
shanghai-dragon-cny sent 500,000 BTS to poloniexwallet
8 hours ago
he probably want to use poloniex as his proxy and not to dump them :P
(https://s14-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.M4cc7347467722911735239dc40fcf98bo0%26pid%3D15.1%26f%3D1&sp=fadc2ec8a35834c7675029f2a1a24b82)
-
https://cryptofresh.com/u/shanghai-dragon-cny
shanghai-dragon-cny sent 7,500,000 BTS to poloniexwallet
7 hours ago
shanghai-dragon-cny sent 500,000 BTS to poloniexwallet
8 hours ago
he probably want to use poloniex as his proxy and not to dump them :P
(https://s14-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.M4cc7347467722911735239dc40fcf98bo0%26pid%3D15.1%26f%3D1&sp=fadc2ec8a35834c7675029f2a1a24b82)
An account named Shanghai , hmm ......Registered 2015-11-29
Sounds like someone wants to pretend to be Chinese who just picked the most famous city as part of the account name .
-
Transfer
poloniexwallet sent 500,995 BTS to wallet.xeroc
block 4,800,768 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 249,995 BTS to wallet.xeroc
block 4,800,767 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 149,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 24,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 276,443 BTS to wallet.xeroc
block 4,800,582 - 18 hours ago - 2.64174 BTS
That better?
-
Transfer
poloniexwallet sent 500,995 BTS to wallet.xeroc
block 4,800,768 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 249,995 BTS to wallet.xeroc
block 4,800,767 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 149,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 24,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 276,443 BTS to wallet.xeroc
block 4,800,582 - 18 hours ago - 2.64174 BTS
That better?
Now thats what I'm talking about.
-
Transfer
poloniexwallet sent 500,995 BTS to wallet.xeroc
block 4,800,768 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 249,995 BTS to wallet.xeroc
block 4,800,767 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 149,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 24,995 BTS to wallet.xeroc
block 4,800,766 - 18 hours ago - 2.64174 BTS
Transfer
poloniexwallet sent 276,443 BTS to wallet.xeroc
block 4,800,582 - 18 hours ago - 2.64174 BTS
That better?
Nope...just the usual day in BTS world..." net sales days, are... any and all days"
http://cryptofresh.com/u/dan
dan sent 2,000,000 BTS to blocktrades
1 days ago
dan sent 1,000,000 BTS to blocktrades
3 days ago
-
Nope...just the usual day in BTS world..." net sales days, are... any and all days"
http://cryptofresh.com/u/dan
dan sent 2,000,000 BTS to blocktrades
1 days ago
dan sent 1,000,000 BTS to blocktrades
3 days ago
at least it is getting more elegant
PS have you ever thought why not stealth transactions?
maybe a crypto-laomao supporter? :P
-
jonnybitcoin sent 2,827,221 BTS to poloniexwallet
27 minutes ago
-
Is it possible to end whale watch 2016?
-
Is it possible to end whale watch 2016?
I find this quite entertaining :)
Anyone Popcorn? Maybe Pizza? If you have some spare 10k laying around I can order for you :P
-
it seems this is the behavior of mankind. Watch what other people are doing and judge them. in bitshares it is just
to easy to do it. So maybe this is the major flaw in the idea of easy names. Makes it also easier to follow every transaction.
i would prefer to keep the masses stupid and that everybody have the feeling like bitcoin. the are not "traceable" -- haha!
-
Apparently I shouldve bought Piggycoin.
-
Transfer
freggieleggie1 sent 3,401,356 BTS to poloniexwallet
block 4,904,615 - 11 hours ago - 2.79652 BTS
-
Transfer
marius666 sent 2,366,044 BTS to poloniexwallet
block 4,884,225 - yesterday - 2.79652 BTS
-
The good news....
Loan Offers
Total:
22868465.73288286
BTS
Rate Amount (BTS) Duration
Rate
Amount (BTS)
Duration
0.0061% 931.32308276 2 Days
0.0062% 64130.04554962 2-7 Days
0.0063% 50000.00000000 2 Days
0.0064% 3184.45808188 2 Days
0.0065% 440175.83967349 2 Days
0.0067% 34267.71326509 2 Days
0.0068% 50000.00000000 2 Days
0.0068% 15232.29107020 2 Days
0.0069% 49999.35297136 2 D
-
The fact that I finally went through the wallet export/import process today and sent a couple million BTS to poloniex does NOT mean that I am dumping them at this shitty low price. :P
1400 area is support, not a place to be selling.
If I had done it before the last spike I couldve made a lot of BTS loaning out at 2% interest after the azure news. Missed out on hundreds of dollars of free BTS by not having any there to lend. Whenever we spike again I want to be ready to lend.
But feel free to record it on your whale watch, (which by the way, DOES kindof make me want to sell some BTS, and reminds me constantly how awesome Monero is, where no one can do this).
-
The good news....
Loan Offers
Total:
22868465.73288286
BTS
Rate Amount (BTS) Duration
Rate
Amount (BTS)
Duration
0.0061% 931.32308276 2 Days
0.0062% 64130.04554962 2-7 Days
0.0063% 50000.00000000 2 Days
0.0064% 3184.45808188 2 Days
0.0065% 440175.83967349 2 Days
0.0067% 34267.71326509 2 Days
0.0068% 50000.00000000 2 Days
0.0068% 15232.29107020 2 Days
0.0069% 49999.35297136 2 D
This is very telling.. we could have this 22m+ being offered for lending on the DEX.
-
The good news....
Loan Offers
Total:
22868465.73288286
BTS
Rate Amount (BTS) Duration
Rate
Amount (BTS)
Duration
0.0061% 931.32308276 2 Days
0.0062% 64130.04554962 2-7 Days
0.0063% 50000.00000000 2 Days
0.0064% 3184.45808188 2 Days
0.0065% 440175.83967349 2 Days
0.0067% 34267.71326509 2 Days
0.0068% 50000.00000000 2 Days
0.0068% 15232.29107020 2 Days
0.0069% 49999.35297136 2 D
This is very telling.. we could have this 22m+ being offered for lending on the DEX.
1) How does one offer it for lending on the Dex?
2) What are the current rates being paid for the BTS on the Dex?
3) Is there any risk of loaning out on the Dex, of having your BTS borrowed and not returned in any way?
If loaning on the Dex is at least as good as Polo, I'll put up a couple million.
-
The good news....
Loan Offers
Total:
22868465.73288286
BTS
Rate Amount (BTS) Duration
Rate
Amount (BTS)
Duration
0.0061% 931.32308276 2 Days
0.0062% 64130.04554962 2-7 Days
0.0063% 50000.00000000 2 Days
0.0064% 3184.45808188 2 Days
0.0065% 440175.83967349 2 Days
0.0067% 34267.71326509 2 Days
0.0068% 50000.00000000 2 Days
0.0068% 15232.29107020 2 Days
0.0069% 49999.35297136 2 D
This is very telling.. we could have this 22m+ being offered for lending on the DEX.
1) How does one offer it for lending on the Dex?
2) What are the current rates being paid for the BTS on the Dex?
3) Is there any risk of loaning out on the Dex, of having your BTS borrowed and not returned in any way?
If loaning on the Dex is at least as good as Polo, I'll put up a couple million.
I said we could.. didn't say we have.. we been talking about this for a long time, just never got implemented.
-
But feel free to record it on your whale watch, (which by the way, DOES kindof make me want to sell some BTS, and reminds me constantly how awesome Monero is, where no one can do this).
lol
what, then buy back later when stealth launches?
smart
why do people still assume features have anything to do with price .
Features happens all the time , but not every time the price would rise . And something price rises with no new feature or even good news .
The price rising is capital at work .
Example : Microsoft Visual Studio(Not Azure) just added Ethereum as coding language , and price did not rise dramatically , it dropped a bit actually .
But if Ethereum price go boom the next month , people would say : It's rising because of microsoft added it . ....
If the price would rise , people can always find excuse ...if not then , it can be news from 1 month or even 2 months ago .
Counterparty raised multiple times with the same story they've telling since last year : We have achieve Ethereum function on Counterparty .
Besides , Stealth is a medium feature at best , it can't be more useful than the release of Graphene , and Graphene news got a 2 X rise .
So...we're better of sticking to lines and charts ....
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Wow BTS takes a dump and no one here even cares anymore.
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Wow BTS takes a dump and no one here even cares anymore.
All ALTS took a dump. Not only BTS. Whales just wanna have fun [emoji12]
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Wow BTS takes a dump and no one here even cares anymore.
All ALTS took a dump. Not only BTS. Whales just wanna have fun [emoji12]
+5% everyone took a hit yesterday and still continues to.. but what is notable is the amount of volume that came out of a lot of other alts.. Bitshares didn't get hit as bad in the volume department in comparison.
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Wow BTS takes a dump and no one here even cares anymore.
All ALTS took a dump. Not only BTS. Whales just wanna have fun [emoji12]
+5% everyone took a hit yesterday and still continues to.. but what is notable is the amount of volume that came out of a lot of other alts.. Bitshares didn't get hit as bad in the volume department in comparison.
Exactly. Glad i was not holding any ETH's.
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Where is the Chinese community now? I swear to God the price went down because of the dilution. When all of the workers stop being funded I hope the price goes up. I hope all the anti-dilution people go out there and buy shares which will be barely useful.
It would positively surprise me if people coming from an ex-Communist country would be willing to fund development out of their pocket, in order to see their investment grow, just because they don't want to use the reserve pool.
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Soon the winds will change: http://i.imgur.com/933z1vJ.gifv
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Why are so many fund moved from poloniex to btc38 the last days?
(Accounts: poloniexwallet, btc38-btsx-octo-72722)
https://bitshares.openledger.info/#/account/btc38-btsx-octo-72722/overview/
Arbitrage or something else?
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Why are so many fund moved from poloniex to btc38 the last days?
(Accounts: poloniexwallet, btc38-btsx-octo-72722)
https://bitshares.openledger.info/#/account/btc38-btsx-octo-72722/overview/
Arbitrage or something else?
Arbitrage (not only for BTS) because price was different more than 5% from poloniex
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1100 :)again
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-04-15BTS.png)
I have a bad feeling about this. With the Steem announcement, BTS becomes a less interesting story for investor/speculators. In the not-to-distant-future I could see BTC spiking above $500, ETH falling 50%, and BTS doing a bellyflop freefall into sub 200 satoshis.
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-04-15BTS.png)
I have a bad feeling about this. With the Steem announcement, BTS becomes a less interesting story for investor/speculators. In the not-to-distant-future I could see BTC spiking above $500, ETH falling 50%, and BTS doing a bellyflop freefall into sub 200 satoshis.
Rest assured that BTS is still increadibly interesting to FinTech. They dont care about yet another forum software (their words)
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-04-15BTS.png)
I have a bad feeling about this. With the Steem announcement, BTS becomes a less interesting story for investor/speculators. In the not-to-distant-future I could see BTC spiking above $500, ETH falling 50%, and BTS doing a bellyflop freefall into sub 200 satoshis.
Why do you say sub 200 satoshis? And if for some reason it does go that far down, we will know that the antidilution crowd was probably wrong all along. I personally do see some merits to their stance, but continue to be skeptical. I suppose we shall see.
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Being a Mexican (at heart), I am very curious to see how this BTS price game plays out....
The gringos accuse the Chinese of trying to destroy their baby ( BTS)...while much the same gringos are selling like crazy (at least 200+ mil BTS in the last 2 mo. alone, imho).
All at the same time "the Chinese crazy anti dilutors" have 5x more to lose in any significant bts price drop... so they better buy before the gringos push the price to 200 sat territory.
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Being a Mexican (at heart), I am very curious to see how this BTS price game plays out....
The gringos accuse the Chinese of trying to destroy their baby ( BTS)...while much the same gringos are selling like crazy (at least 200+ mil BTS in the last 2 mo. alone, imho).
All at the same time "the Chinese crazy anti dilutors" have 5x more to lose in any significant bts price drop... so they better buy before the gringos push the price to 200 sat territory.
Why buy before 200 if it were to go that low? lol...
And how do you know the gringos were selling millions of bts?
As far as the chinese having some bigger whales, that is entirely possible, but then again i would imagine it is partially because the devs worked for lower than market wages considering their skill level. But i may be missing some important facts
I still personally believe in bitshares and the community. Ill be very surprised if it ever goes to 200 sats (unless btc price doubles when block reward halves). But i must admit im a bit biased.
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Being a Mexican (at heart), I am very curious to see how this BTS price game plays out....
The gringos accuse the Chinese of trying to destroy their baby ( BTS)...while much the same gringos are selling like crazy (at least 200+ mil BTS in the last 2 mo. alone, imho).
All at the same time "the Chinese crazy anti dilutors" have 5x more to lose in any significant bts price drop... so they better buy before the gringos push the price to 200 sat territory.
Why buy before 200 if it were to go that low? lol...
And how do you know the gringos were selling millions of bts?
As far as the chinese having some bigger whales, that is entirely possible, but then again i would imagine it is partially because the devs worked for lower than market wages considering their skill level. But i may be missing some important facts
I still personally believe in bitshares and the community. Ill be very surprised if it ever goes to 200 sats (unless btc price doubles when block reward halves). But i must admit im a bit biased.
Maybe because the blockchain selling record(transfering to exchanges) has their name on it .
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I don't think it's wise to consider prices vs BTC. We all live in a world where the rent, the bread, the coffee are valued in our local fiat money.
I will be more than happy to see bts at 200 stats if BTC climb to 5k$.
Investor checks the wealth of their investments in fiat, not in BTC.
Even if the bts : btc chart looks a little ugly, when you display it in $ (cmc graph) it looks different, kind of exiting actually !
The community is growing and projects are blooming, I don't think we will hit and break the resistance around 0.003$.
I'm sure there is lot of guys who bought higher than 0.005 and will buy some to lower their average buy price if we go lower than 0.004.
I guess we'll see !
Maybe the new website could help with that, a fresh new display of everything going on could make the difference.
Sent from my SM-G900F using Tapatalk
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Just one great coordinated news release will send back BTS to 1500-2000.
Just one buy signal and we are set.
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last 17h more than 30M bts sent to Polo LOL and 2,5M to btc38
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last 17h more than 30M bts sent to Polo LOL and 2,5M to btc38
Panic sell on a bottom....
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The first of a few green candle? 8)
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I don't think it's wise to consider prices vs BTC. We all live in a world where the rent, the bread, the coffee are valued in our local fiat money.
I will be more than happy to see bts at 200 stats if BTC climb to 5k$.
Investor checks the wealth of their investments in fiat, not in BTC.
Even if the bts : btc chart looks a little ugly, when you display it in $ (cmc graph) it looks different, kind of exiting actually !
The community is growing and projects are blooming, I don't think we will hit and break the resistance around 0.003$.
I'm sure there is lot of guys who bought higher than 0.005 and will buy some to lower their average buy price if we go lower than 0.004.
I guess we'll see !
Maybe the new website could help with that, a fresh new display of everything going on could make the difference.
Sent from my SM-G900F using Tapatalk
Interesting, i agree with you in the matter BTC x BTS. If BTC pumps, every other altcoin will fall, but marginally, will rise in the overall (FIAT).
But what surprises me is the Bitshares enviroment... If bitshares prices in BTC rises, UIA such as OBITS or bitland drops...and vice-versa. It's like bitshares (currency and UIA) holders do a internal hedge among themselves lol. It's like projects like OBITS or Bitteaser or Bitland don't have their own particular dynamics... even buybacks or dividends are being ignored!
This is very strange to me lol.
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Just one great coordinated news release will send back BTS to 1500-2000.
Just one buy signal and we are set.
https://youtu.be/N1NupxasQWs (https://youtu.be/N1NupxasQWs)
;)
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Why do you say sub 200 satoshis?
I'm not saying BTS would stay at <200 satoshis, but I think we could see a spike down that far in the event of a sell-off.
(https://dl.dropboxusercontent.com/u/38768040/misc/2016-04-16BTS.png)
The BTS uptrend that started in January has now been invalidated. Overall volume has been declining since the March peak. MACD is bearish on the one-day chart. The one-week chart still shows a positive moving average, but trending down along with the MACD.
All of this may seem like reading chicken entrails, but traders tend to use these lines to make decisions. Future price is uncertain, but trends are naked as a jaybird.
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bitcoinfan has sent more than 20 mil BTS to poloniex. Massive dump coming :(
https://cryptofresh.com/u/bitcoinfan (https://cryptofresh.com/u/bitcoinfan)
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bitcoinfan has sent more than 20 mil BTS to poloniex. Massive dump coming :(
https://cryptofresh.com/u/bitcoinfan (https://cryptofresh.com/u/bitcoinfan)
He waits a little pump before he unloads, so he will "not get noticed" :P
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bitcoinfan has sent more than 20 mil BTS to poloniex. Massive dump coming :(
https://cryptofresh.com/u/bitcoinfan (https://cryptofresh.com/u/bitcoinfan)
He waits a little pump before he unloads, so he will "not get noticed" :P
Looks like someone is not happy. Question is how long before the anti dilution crowd sells out? We need to be able to readily vote in solid worker proposals otherwise we will cease development.
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how long before the anti dilution crowd sells out? We need to be able to readily vote in solid worker proposals otherwise we will cease development.
if it's true that Yunbi (an exchange?) is voting against Workers and having their heavy buddies do the same, then let's either A) disable Yunbi in the web wallet, and/or B) do the same thing with CCEDK/OL, Blocktrades and MetaExchange voting FOR the Workers. Fight fire with fire and we will never have to worry about a cheating exchange again. Light'em up! - think Sun Tzu
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how long before the anti dilution crowd sells out? We need to be able to readily vote in solid worker proposals otherwise we will cease development.
if it's true that Yunbi (an exchange?) is voting against Workers and having their heavy buddies do the same, then let's either A) disable Yunbi in the web wallet, and/or B) do the same thing with CCEDK/OL, Blocktrades and MetaExchange voting FOR the Workers. Fight fire with fire and we will never have to worry about a cheating exchange again. Light'em up! - think Sun Tzu
There is a part of me strongly on this side, but one question is: How to change the rules without being seen as a platform that is too unstable in its own self governance to be built on?
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It's dangerous to start an exchange war because the one camp who will have Poloniex, will be the winner.
Sent from my SM-G900F using Tapatalk
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how long before the anti dilution crowd sells out? We need to be able to readily vote in solid worker proposals otherwise we will cease development.
if it's true that Yunbi (an exchange?) is voting against Workers and having their heavy buddies do the same, then let's either A) disable Yunbi in the web wallet, and/or B) do the same thing with CCEDK/OL, Blocktrades and MetaExchange voting FOR the Workers. Fight fire with fire and we will never have to worry about a cheating exchange again. Light'em up! - think Sun Tzu
There is a part of me strongly on this side, but one question is: How to change the rules without being seen as a platform that is too unstable in its own self governance to be built on?
Double standards. Either we make exchanges unable to hold such power or we allow every single one to do so.
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Plot twist: ask exchanges to set a multisig account of trusted members or committee-account as their proxy.
You can figure out on your own how many problema that could solve.
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Plot twist: ask exchanges to set a multisig account of trusted members or committee-account as their proxy.
You can figure out on your own how many problema that could solve.
The problem is you can only ask but not force them to do so. They can just ignore you.
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BTS going up today while Bitcoin rises is the strangest thing ever.
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BTS going up today while Bitcoin rises is the strangest thing ever.
trap(?)
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Maybe those that sold a few days ago hoping for the price to go lower, are buying back, it seems that their usual whining and FUD didn't help them.
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Well BTS is fueled by many good news...
some already announced and some upcoming/rumored... This is surely good for the price.
The volume is back tho, which is really nice to see.
The chinese dumped a lot of coin recently, the only difference now is that we dont see a dump right after a wall is brought. Support for bts is there and alive. Seeing BTS with green candle on a BTC pump is.... calling for a very promising week.
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Erik Vorhees is buying a large stake in BTS because he now clearly sees the value of decentralized exchanges and he can have a large influence on shaping the future direction of BTS. https://news.bitcoin.com/looting-fox-sabotage-shapeshift/
Well it's a nice thought...
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Anyone can confirm this about Erik V?
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Anyone can confirm this about Erik V?
I confirm ... that Erik's last name is Voorhees.
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Anyone can confirm this about Erik V?
I confirm ... that Erik's last name is Voorhees.
And that he's also buying BTS in large stack...... :-X
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Anyone can confirm this about Erik V?
I confirm ... that Erik's last name is Voorhees.
The SEC also has confirmed that his last name is Voorhees
https://www.sec.gov/litigation/admin/2014/33-9592.pdf
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Anyone can confirm this about Erik V?
I confirm ... that Erik's last name is Voorhees.
And that he's also buying BTS in large stack...... :-X
No, I said it was 'a nice thought' :)
He could be buying, but no, I have no information about it.
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Lol. Somehow I missed the
'its a nice thought' part. And thought you were serious :P
My bad for the confusion!
Something/someone is really fueling BTS on this BTC pump tho.
The upcoming forbes news about digix maybe?
last time BTS hit forbes, we reached 2k
(NOT A TRADE ADVICE!!)
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Looks like Erik's cashing out after that huge 90 satoshi pump.
:P
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There's no sell wall near...
So the price might go on a rollercoaster for a while :) Better than sideway on sleep mode!
I still expect a uptrend.
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Do you think STEEM stays for ever on a 300K marketcap?
http://coinmarketcap.com/currencies/steem/#markets
STEEM price discussion
https://bitsharestalk.org/index.php/topic,22276.msg290438.html#msg290438
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I think steem will share the same fate of all the reddit clone.
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I think steem will share the same fate of all the reddit clone.
but if not... well 8)
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https://youtu.be/WkOUCOIk_-o (https://youtu.be/WkOUCOIk_-o)
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https://youtu.be/WkOUCOIk_-o (https://youtu.be/WkOUCOIk_-o)
(https://upload.wikimedia.org/wikipedia/commons/0/03/YouTube_blocked_Germany_GEMA_en.png)
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https://youtu.be/WkOUCOIk_-o (https://youtu.be/WkOUCOIk_-o)
(https://upload.wikimedia.org/wikipedia/commons/0/03/YouTube_blocked_Germany_GEMA_en.png)
Definitely a bullish signal ... or a signal it's time to invest in a VPN. ;)
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Question now is, will we have to wait another 6 months to get back to 2000 sats?
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-04-24BTS.png)
Precipitous.
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Unless BTS ends the merger early I think the longer term down-trend will reassert itself, especially with the largest merger recipients likely selling.
Ironically BTS will still probably outperform Steem over the next 3 months imo.
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888, oh my.
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
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Many would appreciate less spreading of FUD of any kind.
What can BTS do for us & what can we do for BitShares ?
These are both Questions we should ask ourselves now !
BitShares are well designed for business and private use…
What we need is leadership spirit by all participants and a
pragmatic look at making BitShares evermore user friendly.
We also may add value to the already existing value inventory.
Discussing true value propositions could prove very effective.
From the trading and price perspective, volatility is high,
these are signs of life, we should think of ways to improve
the value perception of BTS, we have many entry points from
FIAT that only beg for a little bit of marketing and added liquidity.
More people will realise they can easily buy or sell against most important
fiat currencies, more assets and project tokens will increase the demand for
BTS. The idea & message is that BTS is less dependent on BTC or any
other currency than most people still erroneously or fearfully assume…
We also have to explain more clearly that BTS is a Crypto-Equity (also used as a Currency)
as there might be still a persistent misunderstanding of all the value and utility our
state-of-the-art platform technology is already capable to provide against
the weak or even hollow claims of so many 'competing' projects.
Let's remember, BitShares only recently pivoted into its technical glory, it's been only 2 years,
we made a lot of progress and created more solid foundations than we all could imagine …
Eventually, price discovery will follow up properly on all the valuable steps this project has successfully taken.
Let's make it clearer to the world that everyone can join and benefit through this unique
Decentralised Conglomerate & Powerhouse . BitShares 2.0 is a huge leap forward and is
capable to address many use cases in pragmatic and streamlined ways
that are cost-effective and remain consistently manageable over time.
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
Here are some reasons: in November vesting is over which will radically reduce BTS inflation. Also if you look at Cryptofresh daily transactions is going up, which BTS is actually being used as a real exchange. And yes we are near the bottom: 0.003 cents/share.
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bts is going down .
Its downtrend has started would continue for 80 days .
Best is to sell now and buy later .
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Everyone here is just fuding to get cheap shares.
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
It will be tough until the merger is over.
I think BTS needs some new vision/leadership and development proposals. I haven't been following them lately but KenCode seems to be someone who can get things done and for good value.
I imagine the Chinese will have to change their tune on no dilution, part of their reasoning was that development would continue because otherwise developers would lose money on their BTS stake but they've (developers) clearly sold/selling a reasonable amount and focusing elsewhere.
Regards Steem, it's significantly over-valued imo and possibly uninvestable by design, I'm hesitant to elaborate too much at the risk of improving their model. I think the creators will still be able to get a few hundred thousand out of it over the next year though. There could also be other elements/'secret sauce' I'm unaware of.
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
It will be tough until the merger is over.
I think BTS needs some new vision/leadership and development proposals. I haven't been following them lately but KenCode seems to be someone who can get things done and for good value.
I imagine the Chinese will have to change their tune on no dilution, part of their reasoning was that development would continue because otherwise developers would lose money on their BTS stake but they've (developers) clearly sold/selling a reasonable amount and focusing elsewhere.
Regards Steem, it's significantly over-valued imo and possibly uninvestable by design, I'm hesitant to elaborate too much at the risk of improving their model. I think the creators will still be able to get a few hundred thousand out of it over the next year though. There could also be other elements/'secret sauce' I'm unaware of.
http://cryptofresh.com/ballots
Someone should send them the memo on this.. they still haven't changed anything.
If they don't change their tune like you say though.. I think we are going to see not just devs looking elsewhere but those of us building on bitshares looking also. Any business looking to use bitshares has to want it 'as is', and not expect any improvements.
I agree on the leadership front... though there is an internal conflict on this front as well as far as the community goes. Do you recall just a few months ago just how much hate was directed at CNX and this push for 'decentralization' of the development? It was this attitude of anybody but CNX for a little while.. which they responded too and stayed out of putting anymore proposals.
So why is this downtrend happening now? What has changed that really impacts Bitshares future prospects? Or is this just the ongoing dumping cycle that if you look back seems to happen this time of month.. perhaps due to the merger holders?
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
It will be tough until the merger is over.
I think BTS needs some new vision/leadership and development proposals. I haven't been following them lately but KenCode seems to be someone who can get things done and for good value.
I imagine the Chinese will have to change their tune on no dilution, part of their reasoning was that development would continue because otherwise developers would lose money on their BTS stake but they've (developers) clearly sold/selling a reasonable amount and focusing elsewhere.
Regards Steem, it's significantly over-valued imo and possibly uninvestable by design, I'm hesitant to elaborate too much at the risk of improving their model. I think the creators will still be able to get a few hundred thousand out of it over the next year though. There could also be other elements/'secret sauce' I'm unaware of.
http://cryptofresh.com/ballots
Someone should send them the memo on this.. they still haven't changed anything.
If they don't change their tune like you say though.. I think we are going to see not just devs looking elsewhere but those of us building on bitshares looking also. Any business looking to use bitshares has to want it 'as is', and not expect any improvements.
I agree on the leadership front... though there is an internal conflict on this front as well as far as the community goes. Do you recall just a few months ago just how much hate was directed at CNX and this push for 'decentralization' of the development? It was this attitude of anybody but CNX for a little while.. which they responded too and stayed out of putting anymore proposals.
So why is this downtrend happening now? What has changed that really impacts Bitshares future prospects? Or is this just the ongoing dumping cycle that if you look back seems to happen this time of month.. perhaps due to the merger holders?
lines say it's not a downtrend unless weekly MACD dead forked for real (sustain for weeks)(i'm not sure what the term is in English )
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Unfortunately. After two years of believing in BTS. I am now struggling to justify why i should keep my holdings. Im worried this aint nowhere near the bottom. Is there any further development or is STEEM the new kid in town?
Sent from my iPhone using Tapatalk
It will be tough until the merger is over.
I think BTS needs some new vision/leadership and development proposals. I haven't been following them lately but KenCode seems to be someone who can get things done and for good value.
I imagine the Chinese will have to change their tune on no dilution, part of their reasoning was that development would continue because otherwise developers would lose money on their BTS stake but they've (developers) clearly sold/selling a reasonable amount and focusing elsewhere.
Regards Steem, it's significantly over-valued imo and possibly uninvestable by design, I'm hesitant to elaborate too much at the risk of improving their model. I think the creators will still be able to get a few hundred thousand out of it over the next year though. There could also be other elements/'secret sauce' I'm unaware of.
http://cryptofresh.com/ballots
Someone should send them the memo on this.. they still haven't changed anything.
If they don't change their tune like you say though.. I think we are going to see not just devs looking elsewhere but those of us building on bitshares looking also. Any business looking to use bitshares has to want it 'as is', and not expect any improvements.
I agree on the leadership front... though there is an internal conflict on this front as well as far as the community goes. Do you recall just a few months ago just how much hate was directed at CNX and this push for 'decentralization' of the development? It was this attitude of anybody but CNX for a little while.. which they responded too and stayed out of putting anymore proposals.
So why is this downtrend happening now? What has changed that really impacts Bitshares future prospects? Or is this just the ongoing dumping cycle that if you look back seems to happen this time of month.. perhaps due to the merger holders?
Personally I would have liked to see more decentralization of development from new groups, possibly Chinese and cheaper, while still obviously needing to rely on CNX/BM for major features like say margin trading. Atm we don't seem to have much of either but tbh I don't track it too closely.
As for the downtrend, I would guess it's the fact that the lead dev, largest shareholder and largest merger recipient is primarily focusing on another DAC & USD. If there's a sense of BTS progress again even if not's fully development related then I think it will stabilise though personally I think the expensive merger could still be a big drag until it ends.
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I think BTS needs some new vision/leadership
I recommend Action Jack Barker ...
(http://coderag-dev.weareglow.com/wp-content/uploads/2016/04/sample-img.png)
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The project has some long term merits imo. As far as getting rich by just holding Bitcoin circa 2014 style... maybe not going to work.
The recent developments are...strange, but then again the whole ride has been strange. Bytemaster stepping off is having a complex effect, that is imo, not entirely negative. His leadership tended to be indecisive, confusing, and his word is not entirely solid, and he has an interest in declining the price to prove his point about dilution (sorry BM!). This is not entirely his fault, as he is just reacting to new information as it arrives. Which is what is interesting and unique about the platform, it relies on member politics as much as if not more than preordained algorithms. In this next phase, I think we'll see some new and improved leadership as the next generation of developers use the platform to build their reputations, we'll see some unified direction as the current feature set is honed into the best possible decentralized marketplace out there, we'll also see some really interesting businesses built on the platform.
All that's needed is:
Rock-solid leadership,
Innovative Development,
Excellent traders,
Talented entrepreneurs building on the Platform
in order to achieve that:
a well documented and intuitive api (so that less technical people can use the advanced features of the platform)
less drastic changes( let it be what it is so people don't fear to use it because it might become something else)
trading platform integration (Mt4)
Witness secured crypto-deposits and proxy tokens(sidechains) (make the platform more attractive to traders)
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All that's needed is:
Rock-solid leadership, - Are we looking to hire a CEO now?
Innovative Development, - Paid for by whom/what?
Excellent traders, - Incentivized by whom/what?
Talented entrepreneurs building on the Platform - How do they know they can?
I agree for the most part all we needs is what every other successful project needs. :)
However, the 'how' of it all is sort of what has lead us to this point. As the bitshares blockchain is now deadlocked with no dilution spending that can be reliably allocated to any of said talent, what pays for it all?
The system was setup by BM originally with the expectation that they could continue development while giving BTS holder the power to decide and bring in new development talent. The experiment turned bad and we have a large portion of the current active voters holding BTS hostage and making your wish list effectively impossible through the current method of funding that bitshares has available to it.
Sooooooo what next?
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steem makes me bullish on bitshares. if Larimer can reach a wider audience with that.. so will bitshares. but in the very short term a down trend can be explained by a btc rally and introduction of steem
Sent from my iPhone using Tapatalk
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bts crash to 100 satoshi time :P
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Let's not look to STEEM or other diversions,
let's focus on what we can do now and move forward…
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Let's not look to STEEM or other diversions,
let's focus on what we can do now and move forward… +5%
+5%
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Let's not look to STEEM or other diversions,
let's focus on what we can do now and move forward… +5%
+5%
It's true, but we can look to STEEM for ideas.
I have doubled my stake in bitshares in the last two days, And I will be looking at worker proposals.
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but anyways, this a price discussion! not a grow-the-platform discussion. And those are not congruent things.
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steem makes me bullish on bitshares. if Larimer can reach a wider audience with that.. so will bitshares. but in the very short term a down trend can be explained by a btc rally and introduction of steem
STEEM will fall by about 90-99% over the next year due to hyperinflation of its supply. As a result, everyone will think its shit.
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When it falls, you gotta get outtathaway...
https://www.youtube.com/watch?v=gAL-1o7-bKc
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What is this merger I keep hearing about?
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BTS about to be passed by feathercoin.
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I'm ticklish.
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What is this merger I keep hearing about?
I cann't understand the reason why AGS/PTS holders have already acquired btsx shares and now will be allocated again by diluting btsx shares!!!
It's not diluting, it's a merger. BTSX is buying out AGS and PTS. I love it!
You as a BTSX holder would also receive dividends on all future DACs. Isn't it great?
That merger...
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BTS about to be passed by feathercoin.
Which proves the value in stagnant development
https://forum.feathercoin.com/topic/8162/feathercoin-version-0-9-3-officially-released/14
Their latest wallet, is 6 months old, and interoperable with their previous latest wallet from 2 years ago. No bells or whistles.
The Chinese are right, what we need is "no more new feature development" so our market cap can rise like FTC, and community devs like Moonstone can finish what they start.
Once we polish rate limited transactions, stealth, and default the exchange to GOLD/USD, we can start saving up for a bond market.
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Well I for one am hodling. We are near the bottom.
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man, shouldve sold all of it at 1500 not just some
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Well I for one am hodling. We are near the bottom.
Said karnal at 2500sats
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if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
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if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
They still have 60 million on the order book
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if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
Meanwhile https://cryptofresh.com/u/btc38-btsx-octo-72722
Anybody want to speculate on what this looks like?
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if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
it is all gone to btc38
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if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
Meanwhile https://cryptofresh.com/u/btc38-btsx-octo-72722
Anybody want to speculate on what this looks like?
I think the Chinese wants their CNY back
-
now maybe they wants their BTS back
(http://i.imgur.com/MhralQF.png)
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Judging by teh price, all those new Dev's should be here any day now.
-
if any of you watched poloniex balance? Last week there was 68M BTS is today 12M ?!
https://cryptofresh.com/u/poloniexwallet
Meanwhile https://cryptofresh.com/u/btc38-btsx-octo-72722
Anybody want to speculate on what this looks like?
I think the Chinese wants their CNY back
OK, so let me get this straight:
1. they buy up all the liquid BTS
2. just so they can vote "NO" to future development to crash the share price
3. and then they dump their BTS back into the hands of those who will vote "yes" to development
Am I missing something here?
I thought hari kari was a Japanese thing
(http://madeinhead.org/anism/wp-content/uploads/2008/09/belushi_snl_samurai_tailor9.jpg)
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.... if not have it, need to be done, serius 1 day holder can vote ??? holder is not owner, some kind of control 1 month minimun or something
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WTF is happening? By the power of mighty Ktulu, I command to stop it!
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Safe haven cryptos like btc ltc Doge and peercoin are outperforming.
Speculative stuff is getting hammered... This happened a few months ago.
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Safe haven cryptos like btc ltc Doge and peercoin are outperforming.
Speculative stuff is getting hammered... This happened a few months ago.
Yeah when Bitcoin does well other established crypto-currencies do well and DACs underperform.
The better Bitcoin does, the better it is for other immutable crypto-currencies
As usual I expect other crypto-currencies to benefit the most like LTC, DGC, PPC while ETH, XRP, BTS and MaidSafe will benefit the least.
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Bitshares Community should monitor the development of Bitsquare - a crypto currency decentralize exchange launching april 27.
Kind of LocalBitcoin https://bitsquare.io/
White paper: https://bitsquare.io/bitsquare.pdf
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For teh love of Gawd, someone find a buy signal ... somewhere!!!
(http://i.imgur.com/IJOUTNF.jpg)
If this doesn't recover soon, we'll be flooded with new Dev's and then what?!
Charlie Lee will be infighting with Vitalik over who gets to cash 25% of their BTS out first?!
jl777 and BlueMeanie will be arguing over who stole 1mio BTS from who and who the SEC will be coming after?!
That one Dev (who's name I forgot on purpose) will be giving us all daily economics lessons from the Aliens?!
Satoshi Nakamoto will come out of hiding and draw the ire of the US Government towards BitShares?!
We don't need this!
Start buying before Ander makes it hit 100 Sats thereby ensuring all of the above will come true!
allegedly
:P
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Nothing wrong with 200 satoshi per BTS. Somehow people are not using BitUSD. Go figure.
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Bitshares Community should monitor the development of Bitsquare - a crypto currency decentralize exchange launching april 27.
Kind of LocalBitcoin https://bitsquare.io/
White paper: https://bitsquare.io/bitsquare.pdf
iirc, incorrectly characterized as the first decentralized exchange in one of the latest LTB shows.
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For teh love of Gawd, someone find a buy signal ... somewhere!!!
(...)
if it is not a buy signal, then what is?
(http://i.imgur.com/CkadSeA.png)
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if it is not a buy signal, then what is?
You have to draw circles, support/resistance and angled lines if you want to be taken seriously ... like me.
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BitShares current price = $0.00392750.
BitShares current fair price = $0.07195060.
(https://media.giphy.com/media/wN6yatq73eOXe/giphy.gif)
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BitShares current price = $0.00392750.
BitShares current fair price = $0.07195060.
(https://media.giphy.com/media/wN6yatq73eOXe/giphy.gif)
Me too please :)
***
here are some positive Fibonacci retracement : :
(https://scontent-frt3-1.xx.fbcdn.net/v/t1.0-9/12987030_1689189338035646_8596581524852445568_n.jpg)
and here worrying :
(http://i.imgur.com/Bxnd1YK.png)
(http://i.imgur.com/dCr1DcT.png)
DMI might indicate the bottom of this trend, but perhaps more important is what is happening behind the scenes
-
... perhaps more important is what is happening behind the scenes
I fricken' knew it! I knew there was a plan that would be a game changer!
(http://i.imgur.com/uwTUnVb.jpg)
(http://i.imgur.com/u1JRy2j.jpg)
Once the masses learn that Kim and Kanye are in we're goin' m00n!!!
I'll go ahead and tweet their adoption of BitShares before they do to get the ball rollin'!
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Lol, nice pictures.
But the actual behind the scenes plan seems to be for the devs to abandon bitshares in favor of Steem.
Then later Steem can die and they can abandon it in favor of something new, after taking more money from people.
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Lol, nice pictures.
But the actual behind the scenes plan seems to be for the devs to abandon bitshares in favor of Steem.
Then later Steem can die and they can abandon it in favor of something new, after taking more money from people.
Ander, are you off your m00n meds again?
You should up your dosage before it's too late so you don't miss the train to FOMO-Town ... "this Summer"!
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Lol, nice pictures.
But the actual behind the scenes plan seems to be for the devs to abandon bitshares in favor of Steem.
Then later Steem can die and they can abandon it in favor of something new, after taking more money from people.
Ander, are you off your m00n meds again?
You should up your dosage before it's too late so you don't miss the train to FOMO-Town ... "this Summer"!
and there was winter storm from last year
-
But the actual behind the scenes plan seems to be for the devs to abandon bitshares in favor of Steem.
Then later Steem can die and they can abandon it in favor of something new, after taking more money from people.
For those wanting a 'kumbaya' decentralized community, I think STEEM will be a better option. I'll buy a little, but if the project is on A.D.D. like BitShares has been, then it's going to have one useful piece after another that continually gets recycled to make way for the next big thing. Always chasing the horizon; never really knowing how to promote what you have.
BitShares has a lot going for it still, notably the entrepreneurs who are using its currency or blockchain. But I think it needs leadership to take it in a new direction. And I strongly question whether a disparate, decentralized community is capable of creating the consensus and acting decisively to truly fund the kind of mass adoption it deserves.
-
BitShares has a lot going for it still, notably the entrepreneurs who are using its currency or blockchain. But I think it needs leadership to take it in a new direction. And I strongly question whether a disparate, decentralized community is capable of creating the consensus and acting decisively to truly fund the kind of mass adoption it deserves.
Well, it's definitely possible. All sorts of giant (and old) successful open-source projects are proof of that.
edit: But Bitshares is weird in that the leader appears to have moved on to something else, and together with the stage the project is at (are there many other people that really understand the code, the architecture, the vision? correct me if I'm wrong, but I don't think so), that makes it a strange transition ..
-
BM for some reason has an interest in keeping the share price low.
-
which is fine, good conditions for those who wish to accumulate.
-
edit: But Bitshares is weird in that the leader appears to have moved on to something else, and together with the stage the project is at (are there many other people that really understand the code, the architecture, the vision? correct me if I'm wrong, but I don't think so), that makes it a strange transition ..
That implies someone in the community needs to stand up and take up this leadership position.
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https://bitsharestalk.org/index.php/topic,22317.msg290945.html#msg290945
I think the future is pretty clear for BTS:
1. work out the kinks with Steem
2. merge best parts of steem + BTS into a next generation DEX
3. sharedrop + dev allocation
It is just a much longer roadmap.
what do you guys think, bts buy out steem?
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:P I've drew a line ......
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Lol, nice pictures.
But the actual behind the scenes plan seems to be for the devs to abandon bitshares in favor of Steem.
Then later Steem can die and they can abandon it in favor of something new, after taking more money from people.
Ander, are you off your m00n meds again?
You should up your dosage before it's too late so you don't miss the train to FOMO-Town ... "this Summer"!
+5%
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what do you guys think, bts buy out steem?
If anything, I think it would be STEEM buying out BitShares, or else they will come up with another new ring to rule them all. But I would not wager a dollar on either of these outcomes. Plans change frequently around here and he made it clear we are in for a long timetable; plenty of time for plans to change a few more times.
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:P I've drew a line ......
https://youtu.be/nmF7n6KUfto
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That implies someone in the community needs to stand up and take up this leadership position.
Bitshares does not need a leader. YOU are the leader, take charge, build stuff :)
-
https://bitsharestalk.org/index.php/topic,22317.msg290945.html#msg290945
I think the future is pretty clear for BTS:
1. work out the kinks with Steem
2. merge best parts of steem + BTS into a next generation DEX
3. sharedrop + dev allocation
It is just a much longer roadmap.
what do you guys think, bts buy out steem?
The last thing you want is another merger.
After 5-6 months the current expensive merger will be over (which is releasing circa 50 BTC per week, with the largest merger recipients likely selling) That will be a HUGE saving which dwarfs BTS development costs. During that time BTS will also have hopefully found it's feet and will be funding some basic development, SmartCoin liquidity & hopefully at least 1 major feature.
Regards Steem, given what I currently know about the launch & structure I would expect it to decline significantly over that same period. (I also think despite their huge and obvious development talent, 'social + media' is one of CNX/BM/Stan's biggest areas of weakness, so unless the people behind Steemit are really phenomenal I view it as a bad match in that regard too.)
So the only way I can foresee a merger happening, is by BM essentially acknowledging Steem isn't very good and the only way to increase it's value is to say he will fork some of BTS onto Steem and that he will be adding some features BTS is lacking & use the threat of that to incentivize a merger to acquire a strong position in 3.0 however as usual this process will significantly destroy value and anyone invested in BTS will lose a ton, to the point even BM won't make a very large $ gain overall once the messy process is over. BTS will then also be hamstrung for another X years following that, depending on terms.
-
+5%
That implies someone in the community needs to stand up and take up this leadership position.
Bitshares does not need a leader. YOU are the leader, take charge, build stuff :)
+5%
+5% == 555% +5%
-
https://bitsharestalk.org/index.php/topic,22317.msg290945.html#msg290945
I think the future is pretty clear for BTS:
1. work out the kinks with Steem
2. merge best parts of steem + BTS into a next generation DEX
3. sharedrop + dev allocation
It is just a much longer roadmap.
what do you guys think, bts buy out steem?
The last thing you want is another merger.
After 5-6 months the current expensive merger will be over (which is releasing circa 50 BTC per week, with the largest merger recipients likely selling) That will be a HUGE saving which dwarfs BTS development costs. During that time BTS will also have hopefully found it's feet and will be funding some basic development, SmartCoin liquidity & hopefully at least 1 major feature.
Regards Steem, given what I currently know about the launch & structure I would expect it to decline significantly over that same period. (I also think despite their huge and obvious development talent, 'social + media' is one of CNX/BM/Stan's biggest areas of weakness, so unless the people behind Steemit are really phenomenal I view it as a bad match in that regard too.)
So the only way I can foresee a merger happening, is by BM essentially acknowledging Steem isn't very good and the only way to increase it's value is to say he will fork some of BTS onto Steem and that he will be adding some features BTS is lacking & use the threat of that to incentivize a merger to acquire a strong position in 3.0 however as usual this process will significantly destroy value and anyone invested in BTS will lose a ton, to the point even BM won't make a very large $ gain overall once the messy process is over. BTS will then also be hamstrung for another X years following that, depending on terms.
I very intentionally left any opinion out of my post. Wanted to see if somebody would validate my suspicions.
I agree, BTS buying steem would be very bad. steem buying into bts doesn't sound too bad though, though I wouldn't anticipate that. I hope the first scenario you described plays out. I sold a dramatic chunk of BTS, I have just a staple buy in, plus a bit vesting right now. Will buy in soon once I feel this whole situation out better.
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(https://dl.dropboxusercontent.com/u/38768040/misc/2016-05-09BTS.png)
An important moment for the price of BTS. If the swan dives, the fall could be (far) beyond anyone's worst expectations. It's worth noting the BTC volcano is rumbling again this week, and if it blows, all the alts will drop, bitcoin will inflate, and bts could post the mother of all ATLs.
On the other hand, maybe the low 700s is the bottom and it's clear sailing from here. ;)
-
https://bitsharestalk.org/index.php/topic,22317.msg290945.html#msg290945
I think the future is pretty clear for BTS:
1. work out the kinks with Steem
2. merge best parts of steem + BTS into a next generation DEX
3. sharedrop + dev allocation
It is just a much longer roadmap.
what do you guys think, bts buy out steem?
The last buyout of DNS + VOTE lead to none of their features being introduced to BTS. I don't think merging Steem into BTS to create a next gen rebranded BTS is a good idea, it's a digg clone that pays users for content.. I don't see how it has a place within a decentralized exchange platform?
If I can be 100% serious, the STEEM announcement was posted on April 1st and I legit took it for an april fools joke... whoops.
"[ANN] [STEEM] Introducing Steem, Looking for Witnesses / Miners « on: April 01, 2016, 05:04:47 PM »"
"We have secured ~80% of the initial STEEM via mining. Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers." So STEEM is premined and is being distributed by a central issuing authority? Where was the snapshot/sharedrop? Is Bitshare's past sharedrop theory/spirit dead? I think this is the bit that made me think it was an april fools joke, the terrible initial distribution model they chose lol.
RE: "3. sharedrop + dev allocation"
These proposed dev allocated funds, are these outwith the allocated shares for BTS/STEEM? Ie 90% BTS 7.5% STEEM and 2.5% dev funds? Isn't there already a sizable quantity of dev fund reserves in BTS? Considering STEEM has allocated themselves 20% are more dev funds neccessary?
Steem isn't present in the roadmap laid out for BTS, so how its future inclusion in BTS clear? https://bitshares.org/roadmap.html
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HODOR!
-
I bought a lot at these level, i sold all other alts that i have n bought bts, pretty good price e suggest to two people to buy too.....great feeling about bitshares
-
HODOR!
Missed you, Ander. :)
I like low prices. 800 satoshis certainly feels like it's getting there.
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I'm guessing the most recent dump is from boshen sending 6.8 million bts to poloniex...
Pretty big name in bitshares and most likely causing some shareholder anxiety with this move.
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I'm guessing the most recent dump is from boshen sending 6.8 million bts to poloniex...
Pretty big name in bitshares and most likely causing some shareholder anxiety with this move.
Oh, perhaps.
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I saw that recently, that he had 6.8M. He's one of those non-voters listed on cryptofresh I believe. I thought he was long gone. weird for him to sell now, but okay that's $20k.
And frickin' Nxt up 12% today...
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I saw that recently, that he had 6.8M. He's one of those non-voters listed on cryptofresh I believe. I thought he was long gone. weird for him to sell now, but okay that's $20k.
And frickin' Nxt up 12% today...
didn't you heard the announcement ? "DAO could Learn from BitShares' failures" .......
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Whale, Please, could we go up? :-[
-
(https://i.imgur.com/s90aFEi.gif)
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below 600sats.. time to sell the boat!
-
Very little bts sold under 600, nothing.too much to worry about.
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Very little bts sold under 600
...so far. ;)
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Shooooooooooooooooo me the moooooooooooooooooon bts!!!!!!!!!!! 8)
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Shooooooooooooooooo me the moooooooooooooooooon bts!!!!!!!!!!! 8)
(http://www.diablo3-esp.com/imagenes/galeria/diablo1-5.jpg-ampliado.jpg)
Aaah.. fresh meat!
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Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
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Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
Thank you Brekyrself :)
BitShares Munich is just starting to do marketing (chris and rodrigo) now that we have four Proof Of Concepts complete (and even more features being added). If we can get some big funding then we can bring more liquidity bots online (like we are doing with LiqBot), get BlockPOS integrated with 10-15 more POS systems and market the hell out of this. We have solved every problem that BTC couldn't solve.
@everyone - Why is the OPENPOS price so low? Please have more faith in me and my team!
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Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
Bicoin doesnt have real.world adoption n is valued a 500usd......
You wont see bitshares for these so fucking cheap prices for much longer n your will regret your entire life when you see the real prince coming true, people complaint too much for somenthing too big.
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Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
Thank you Brekyrself :)
BitShares Munich is just starting to do marketing (chris and rodrigo) now that we have four Proof Of Concepts complete (and even more features being added). If we can get some big funding then we can bring more liquidity bots online (like we are doing with LiqBot), get BlockPOS integrated with 10-15 more POS systems and market the hell out of this. We have solved every problem that BTC couldn't solve.
@everyone - Why is the OPENPOS price so low? Please have more faith in me and my team!
I think OPENPOS price is low because the lack of promotion.
With each update pods you do ken, remind people that by buying the OPENPOS token, they are supporting development and sharing in the profits generated by the pos systems.
-
Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
Thank you Brekyrself :)
BitShares Munich is just starting to do marketing (chris and rodrigo) now that we have four Proof Of Concepts complete (and even more features being added). If we can get some big funding then we can bring more liquidity bots online (like we are doing with LiqBot), get BlockPOS integrated with 10-15 more POS systems and market the hell out of this. We have solved every problem that BTC couldn't solve.
@everyone - Why is the OPENPOS price so low? Please have more faith in me and my team!
I think OPENPOS price is low because the lack of promotion.
With each update pods you do ken, remind people that by buying the OPENPOS token, they are supporting development and sharing in the profits generated by the pos systems.
+5% HODOPENPOS
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DUMP LIKE A MAN........ I WANT TO BE ALL IN!!!!!!!
DUMP LIKE A MAAAAAAAAAAAAAAN
-
Price is not going anywhere without real world adoption. We should be supporting projects such as this with a worker proposal https://bitsharestalk.org/index.php/topic,22576.0.html
Thank you Brekyrself :)
BitShares Munich is just starting to do marketing (chris and rodrigo) now that we have four Proof Of Concepts complete (and even more features being added). If we can get some big funding then we can bring more liquidity bots online (like we are doing with LiqBot), get BlockPOS integrated with 10-15 more POS systems and market the hell out of this. We have solved every problem that BTC couldn't solve.
@everyone - Why is the OPENPOS price so low? Please have more faith in me and my team!
I think OPENPOS price is low because the lack of promotion.
With each update pods you do ken, remind people that by buying the OPENPOS token, they are supporting development and sharing in the profits generated by the pos systems.
+5% HODOPENPOS
Thank you @lil_jay890 and @karnal :)
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You uys really love our bts...the average drop all around is more than 10%.....
i would like to buy more but not at this price because iam already pretty loaded
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Time to short BitUSD?
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Time to short BitUSD?
Short all the fiat SmartCoins or just buy more BTS ;)
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Dear whales,
I would like to buy more bts, would double my stake.
My intention is around 450 satoshis if that is good for you.
Thanks
-
bts going up in usd. its actually impressive that its not crashing, and is outperforming most other major alts except for ethereum and monero
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bts going up in usd. its actually impressive that its not crashing, and is outperforming most other major alts except for ethereum and monero
Pssst .. dont tell that to anybody .. they all see it 'crashing' .. let them panic and buy the dip :)
(Not and investment advise)
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bts going up in usd. its actually impressive that its not crashing, and is outperforming most other major alts except for ethereum and monero
because people now are sure BM is gone :D
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After Bitcoin's halving, do we think it will continue a sustuinable uptrend because of the reduced sell pressure, or will it pop because of the hype ending?
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After Bitcoin's halving, do we think it will continue a sustuinable uptrend because of the reduced sell pressure, or will it pop because of the hype ending?
If we can be sure that the miners right now are selling their coins as normal and they are NOT accumulating coins in order to sell them later, perhaps the rise will continue. But I have a weird feeling that right now the miners are not selling. (I can be wrong)
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Bitcoin only moon from now.....sideways, a little bit down n a lot up......it is already making big big headlines on great papers.....hold n buy more bitshares n thank me later
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The best thing I read today ' idont like bts but a ihad to bought it' 8)
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The best thing I read today ' idont like bts but a ihad to bought it' 8)
Where did you read it ? I like it too
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I see waves as BTS competition, but without having been abandoned by its lead dev, and with plenty of ICO funds to support development. Waves is looking like it could become what I hope BTS would be, so I am rooting for it, and will hold plenty of waves (which are worth a lot more than my BTS now, lol).
I still hope BTS can do well once the PTS merger dilution ends. Maybe Bytemaster will return to working on BTS in the future, and/or use developments from steem to help BTS. Clearly BTS is cheap relative to these new ICOs IF peopel still care about it / work on it. I'll always hold my remaining BTS, there is no use selling at this price.
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I see waves as BTS competition, but without having been abandoned by its lead dev, and with plenty of ICO funds to support development. Waves is looking like it could become what I hope BTS would be, so I am rooting for it, and will hold plenty of waves (which are worth a lot more than my BTS now, lol).
I still hope BTS can do well once the PTS merger dilution ends. Maybe Bytemaster will return to working on BTS in the future, and/or use developments from steem to help BTS. Clearly BTS is cheap relative to these new ICOs IF peopel still care about it / work on it. I'll always hold my remaining BTS, there is no use selling at this price.
If bitshares become waves it will be a CENTRILISED shit
It is important to have a gateway a bridge to the system, but trading n transfer focus need to be fully autonomous from any company......if a comoany goes down, wich will happen for sure when btc explode, your funds dont go with them.......that is why a like smartcoins, bts, dex.....bts is the best model out there for this kind of bussiness next cant match, nubits bitsquare use scrow n if your software goes offline your orders goes too, bts is years ahead as a concept
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I will admit that I haven't researched waves as much yet as I researched BTS, and its quite possible that I will find reasons why waves falls short of BTS in comparison. BTS is working as a decentralized exchange, which is nice, albeit with low liquidity.
Maybe if waves does well, people will look at BTS as an underpriced alternative and it will have a revival.
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ander, agreed liquidity is not there.....this need to be fixed in my opinion as soon as possible......but even lacking liquidity we are frontrunning the market. I hope big stakeholders join togheter n improve their game to make simple things happen that can put liquidity in a level that inspire people trading in dex.
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In DEXCENTRILIZED EXCHANGE we trust 8) I so excited for this becomming big I dont want imagine bts price in some years, really excited.
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I would like to beg whales....
When you guys dump a a certain level like you did at 460 stay there for few hours.....so I can buy....afer some our make the bounce
You just dont let me buy
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I would like to beg whales....
When you guys dump a a certain level like you did at 460 stay there for few hours.....so I can buy....afer some our make the bounce
You just dont let me buy
I suppose you are talking about BTS:BTC price .. not the BTS:USD one, heheh
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I would like to beg whales....
When you guys dump a a certain level like you did at 460 stay there for few hours.....so I can buy....afer some our make the bounce
You just dont let me buy
I suppose you are talking about BTS:BTC price .. not the BTS:USD one, heheh
Exactly, the guys just flash crash n bounce fast..... So price dont get traded at that level in reality
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Bitshares, PUT THE PRICE DOWN N TAKE MY MONEY!
:-[
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:-[ time goes by how cold here.
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:-[ time goes by how cold here.
n
when hot price wont be this cheap
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some days ago I was almost 50% down...right now Im near of being positive again :D
I regret my order at 450 didnt get filled....I will never forgive myself for that.....but anyway Im already pretty loaded :D
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Chinese exchange leading trade volume. I guess they are happy since they pushed their changes to bitCNY through...
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Chinese exchange leading trade volume. I guess they are happy since they pushed their changes to bitCNY through...
You may be right. There is quite some volume in the BTS:CNY pair in the DEX
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i'm about to see STEEM crash at 2016.7.04
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i'm about to see STEEM crash at 2016.7.04
wrong thread, my friend
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What's with the nxt rally? That has put any bts bounced to shame
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Wow.
(And its still so low).
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What's with the nxt rally? That has put any bts bounced to shame
They are creating a NXT 2.0 and there will be a snapshot soon. After that price will probably crash, and we'll have to wait until 2017 for the launch. Bold long-term plan.. We are lucky to be through with that kind of a complex process I think.
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Chinese exchange leading trade volume. I guess they are happy since they pushed their changes to bitCNY through...
Anyone have more feedback on this? Has there been a post change discussion?
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Yes, there was a lot of discussion, there was workers to evaluate the proposal n commitee went to it....looks it was the right thing....bitcny performing nicely
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Why the big price spike in BTS this morning? And why on earth did PTS spike over 200% yesterday? (scratching head) :o
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Why the big price spike in BTS this morning? And why on earth did PTS spike over 200% yesterday? (scratching head) :o
I'm thinking PTS was just a quick pump on polo due to the low volume for so long; will most likely dump soon. BTS hasn't gone up all that much, but it looks to be driven by BTC38. Maybe we need to ask the Chinese community what's going on lol.
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Why the big price spike in BTS this morning? And why on earth did PTS spike over 200% yesterday? (scratching head) :o
There are multiple pumps happening in the last weeks on Polo. It's not due to any fundamental or sudden interest in BiShares as a platform
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Steem market cap goes from 50 million to 140 million on $450k volume... Meanwhile tiny BTS trades mostly unchanged on over $750k.
This steem crash is going to be pure epicness.
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What is the supply of Steem available in circulation? CMC says total supply ~98M, but what is the actual supply of Steem that can be sold on the exchanges?
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https://steemd.com/richlist
First column is the locked steem, second columb is the available liquid steem
[Edit]
In the first column every 1M equals to 211 STEEM right now
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any idea how to short it?
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any idea how to short it?
wait for poloniex?
But good luck with that, especialy when almost 98% of total suply is vesting, it's somewhat risky I think.
btw slack #general chanel had 718 members yesterday when I checked, today its 793
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any idea how to short it?
If one of the exchanges allows shorting STEEM... that's a virtual gold mine.
Not only do you get to take advantage of this minuscule volume pump, but you also have constant dilution on your side.
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any idea how to short it?
If one of the exchanges allows shorting STEEM... that's a virtual gold mine.
Not only do you get to take advantage of this minuscule volume pump, but you also have constant dilution on your side.
How exactly will this work? Most people withdraw from exchanges and instantly power up, you will also need to offer more than 0,28% interest rate per day in order for someone to even consider to loan you STEEM, isn't this risky? considering that only a small fraction of STEEM is available for trading?
[EDIT]
my 0,28% interest rate per day calculation seems to be really wrong, I think it's much more higher than that because there is some kind of "anomaly" in the first year of steem creation.
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any idea how to short it?
If one of the exchanges allows shorting STEEM... that's a virtual gold mine.
Not only do you get to take advantage of this minuscule volume pump, but you also have constant dilution on your side.
How exactly will this work? Most people withdraw from exchanges and instantly power up, you will also need to offer more than 0,28% interest rate per day in order for someone to even consider to loan you STEEM, isn't this risky? considering that only a small fraction of STEEM is available for trading?
but maybe shorting will be integrated into STEEM, because bytemaster wants to achieve worlddominants. so i can wait. i realize i underestimated the dynamics otherwise i would have bought some myself and got rich in 3 days....
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How exactly will this work? Most people withdraw from exchanges and instantly power up, you will also need to offer more than 0,28% interest rate per day in order for someone to even consider to loan you STEEM, isn't this risky? considering that only a small fraction of STEEM is available for trading?
but maybe shorting will be integrated into STEEM, because bytemaster wants to achieve worlddominants. so i can wait. i realize i underestimated the dynamics otherwise i would have bought some myself and got rich in 3 days....
You didn't answer the question, anyway.
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How exactly will this work? Most people withdraw from exchanges and instantly power up, you will also need to offer more than 0,28% interest rate per day in order for someone to even consider to loan you STEEM, isn't this risky? considering that only a small fraction of STEEM is available for trading?
but maybe shorting will be integrated into STEEM, because bytemaster wants to achieve worlddominants. so i can wait. i realize i underestimated the dynamics otherwise i would have bought some myself and got rich in 3 days....
You didn't answer the question, anyway.
i didn't realize that this were questions to be answered. i think you are right. Who would loan it if he get diluted 10% a year.
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How exactly will this work? Most people withdraw from exchanges and instantly power up, you will also need to offer more than 0,28% interest rate per day in order for someone to even consider to loan you STEEM, isn't this risky? considering that only a small fraction of STEEM is available for trading?
but maybe shorting will be integrated into STEEM, because bytemaster wants to achieve worlddominants. so i can wait. i realize i underestimated the dynamics otherwise i would have bought some myself and got rich in 3 days....
You didn't answer the question, anyway.
i didn't realize that this were questions to be answered. i think you are right. Who would loan it if he get diluted 10% a year.
You can also ask this same question to all the bitcoin holders out there....
Other than that, STEEM is not diluted 10% per year but 100% or more, what interest rate per year would you offer me in order to loan you my STEEM? I also have the option to POWER them UP you see...
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bitshares 15M market cap 1 week [emoji41]
Sent from my iPhone using Tapatalk
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Looks like Steem is perfectly engineered for a pump. Large marketcap, but the actual supply is very thin. So now we're in a situation were the network of people is on the explosion, they need Steem but there is very few available to buy on the exchanges. Is it even possible for it to just explode above $1B market cap?
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Looks like Steem is perfectly engineered for a pump. Large marketcap, but the actual supply is very thin. So now we're in a situation were the network of people is on the explosion, they need Steem but there is very few available to buy on the exchanges. Is it even possible for it to just explode above $1B market cap?
Why do they need steem? Is it required to make posts/comments?
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any idea how to short it?
Isuue a "betterSTEEM" IOU (on bts preferably as you have bridges to steem already).
1. Better steem has the same conversion ratio as the vested steem but takes say 3-6m to divest instead of 2 years.[achieved by maintaining a buy betterSteem with Open.Steem order representing the current conversion/divesting ratio]
2. Offer some interest 10%? on top of 1.
If you sell the received steem (received for selling the betterSTEEM tokens) ...you have shorted steem.
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Looks like this Steem bull run might be good for Bitshares after all...
Envoyé de mon iPhone en utilisant Tapatalk
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I think BTS is far below the market cap it could be. Once people realize that SteemDollars are maintained by the same principle as BTS assets. But really this rise has nothing to do with Steem's rise. Steem goes up, BTS goes up (awareness); steem goes down, BTS goes up (escape to safe-haven).
But really... I think Steem could get bigger than Bitcoin. It's just such a brilliant distribution model.
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What I don't understand is how come almost 20% of market cap of BTS get traded in 24h and the price don't seem to move that much? Are there that many people that are only waiting for the price to rise to dump their BTS? It really looks similar to the other pumps that were stopped right from the beginning by dumpers
Envoyé de mon iPhone en utilisant Tapatalk
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Maybe they think they can buy again later cheaper, when the next wave of whining, crying and FUDing begins...
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What I don't understand is how come almost 20% of market cap of BTS get traded in 24h and the price don't seem to move that much? Are there that many people that are only waiting for the price to rise to dump their BTS? It really looks similar to the other pumps that were stopped right from the beginning by dumpers
Envoyé de mon iPhone en utilisant Tapatalk
Do you believe the volume is organic trading and not bots or 3rd party exchange nonsense?
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What I don't understand is how come almost 20% of market cap of BTS get traded in 24h and the price don't seem to move that much? Are there that many people that are only waiting for the price to rise to dump their BTS? It really looks similar to the other pumps that were stopped right from the beginning by dumpers
Envoyé de mon iPhone en utilisant Tapatalk
Do you believe the volume is organic trading and not bots or 3rd party exchange nonsense?
Looks like it's all organic, and largely driven by BTC38. They trade millions of BTS at a time like it's nothing lol.
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What I don't understand is how come almost 20% of market cap of BTS get traded in 24h and the price don't seem to move that much? Are there that many people that are only waiting for the price to rise to dump their BTS? It really looks similar to the other pumps that were stopped right from the beginning by dumpers
Envoyé de mon iPhone en utilisant Tapatalk
Do you believe the volume is organic trading and not bots or 3rd party exchange nonsense?
Looks like it's all organic, and largely driven by BTC38. They trade millions of BTS at a time like it's nothing lol.
Substantial volume on Polo, too. 163M BTS traded in last 24 hours. I think we're under accumulation. And bid support growing. I think big moves are about to occur.
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Why all those a$$holes don't trade on DEX?
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Why all those a$$holes don't trade on DEX?
Trading on the DEX is picking up slowly but surely. Actually, it seems to be accelerating as today has seen an increase of more than 50% in terms of orders filled. Still, we could speed things up by rewarding liquidity providers and perhaps running a contest for traders. That would give a boost to both sides of the equation (maker and taker) and would help leverage the fact that we're also seeing an increase in new users.
(https://i.imgsafe.org/6d90e6a33f.jpg)
(https://i.imgsafe.org/6d997eec7d.jpg)
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Over 300btc buy support on polo. Usually hangs around 100-150 so this has a shot to increase short term.
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Looks like this Steem bull run might be good for Bitshares after all...
Envoyé de mon iPhone en utilisant Tapatalk
lol, I brought tons of BTS just by judging the candle chart before STEEM even come online .
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lol, I brought tons of BTS just by judging the candle chart before STEEM even come online .
Pics or it didn't happen! :) :)
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Fuck Dan!
And Fuck Steem!
Oops, sorry,
Weren't we all just bitching about Dan and STEEM?
lol
We almost at that point again!
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Fuck Dan!
And Fuck Steem!
Oops, sorry,
Weren't we all just bitching about Dan and STEEM?
Lol, he made many people happy, and some quite wealthy in the last couple of weeks, particularly those who followed and invested in STEEM right from the beginning. I'm not one of them, and I won't be bitching about that for sure, because that's how life works.
I do believe what's happening with STEEM will increase awareness about Bitshares. I still don't know how it will improve trading on the DEX and the market cap in the long term though.
Exciting times ahead!
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Substantial volume on Polo, too. 163M BTS traded in last 24 hours. I think we're under accumulation. And bid support growing. I think big moves are about to occur.
Smart money is realizing the Bitshares core dev team just got a huge influx of capital, the lead dev is now a benevolent whale... and all Bitshares needs to go full-moon is a well capitalized core dev team and benevolent whale.
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Substantial volume on Polo, too. 163M BTS traded in last 24 hours. I think we're under accumulation. And bid support growing. I think big moves are about to occur.
Smart money is realizing the Bitshares core dev team just got a huge influx of capital, the lead dev is now a benevolent whale... and all Bitshares needs to go full-moon is a well capitalized core dev team and benevolent whale.
Steem is the best thing that happens to bts. I have a feeling once they stabilize steem, they can keep improving on bts...
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Looks like we may hit 0.01$ / BTS soon ... ( according to my total noob trader talent :P )
(https://s6.postimg.org/3o61ty341/bts1507.png)
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Looks like we may hit 0.01$ / BTS soon ... ( according to my total noob trader talent :P )
(https://s6.postimg.org/3o61ty341/bts1507.png)
Haha I like it! (Says the guy who doesn't know a damn thing about technical analysis)
At this rate BTS should hit the 0.10$ mark in 2025 lol :P
Envoyé de mon iPhone en utilisant Tapatalk
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Your comments and upvotes are much appreciated.
https://steemit.com/bitshares/@mf-tzo/bitshares-price-discussion
Anything earned from steem will go straight to buying bts since i do not consider my self a blogger but i enjoy trading and holding bts :)
Thanks
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I find it really interesting to see that for the last week there was sustained volume on exchanges and that as soon the price drops a little too much, buyers are ready to jump in.
It's too early to predict anything, but I like what I'm seeing!
I must admit Steem's success is most probably having a positive impact on the demand for Bitshares. Let's see if this trend holds.
I'm sure some people from the Bitshares community who are seriously invested in Steemit are playing their part in maintaining those relatively high volumes
Envoyé de mon iPhone en utilisant Tapatalk
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Bit share been loosing since I got in. The trend has been down for a while. I would say anyone in Bts is a big contrarian probably won't go up in price until end of this year possibly later. Just my speculation. Buy volume is very low on polo only 95 btc today usually it's 160 at least. I'm in BTS for the long term and hopefully once eth declines people will pay more attention to bitshares.
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Bit share been loosing since I got in. The trend has been down for a while. I would say anyone in Bts is a big contrarian probably won't go up in price until end of this year possibly later.
The thing is you really can not judge the long term trend to heavily when looking at the bitshare price history. The project underwent major alteration near the end of 2015 and this caused the fundamentals of the project to drastically alter. Given this I think it prudent to base all judgments of bitshares' future performance from the launch of bitshares 2.0 back in late 2015. From this view the project is at least larger, the price higher and the project is more well known. It will take time for the market to properly price the new fundamentals. Least that is my thought and why I buy BTS whenever I can :)
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Bit share been loosing since I got in. The trend has been down for a while. I would say anyone in Bts is a big contrarian probably won't go up in price until end of this year possibly later.
The thing is you really can not judge the long term trend to heavily when looking at the bitshare price history. The project underwent major alteration near the end of 2015 and this caused the fundamentals of the project to drastically alter. Given this I think it prudent to base all judgments of bitshares' future performance from the launch of bitshares 2.0 back in late 2015. From this view the project is at least larger, the price higher and the project is more well known. It will take time for the market to properly price the new fundamentals. Least that is my thought and why I buy BTS whenever I can :)
Maybe we would have seen different results now if the 2.0 launch was done under a new token and sharedropped instead of the same one.
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Bit share been loosing since I got in. The trend has been down for a while. I would say anyone in Bts is a big contrarian probably won't go up in price until end of this year possibly later.
The thing is you really can not judge the long term trend to heavily when looking at the bitshare price history. The project underwent major alteration near the end of 2015 and this caused the fundamentals of the project to drastically alter. Given this I think it prudent to base all judgments of bitshares' future performance from the launch of bitshares 2.0 back in late 2015. From this view the project is at least larger, the price higher and the project is more well known. It will take time for the market to properly price the new fundamentals. Least that is my thought and why I buy BTS whenever I can :)
Maybe we would have seen different results now if the 2.0 launch was done under a new token and sharedropped instead of the same one.
But then we'd end up with...BTC (BitShares Classic)
:P
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Maybe we would have seen different results now if the 2.0 launch was done under a new token and sharedropped instead of the same one.
I have heard this idea floated around before and I see the reasoning. It is not my first choice as a way to grow the network, seems to me continued case examples and use scenarios are the way to go. Unfortunately, I am not yet skilled enough to actually creating those examples. It seems to me that this project is moving and growing. We get a sort of anxiousness when we see other coins skyrocket and this project stay relatively stagnate. We must remember that massive money flowing into the project in just a few months (has not even been a year since the major overhaul bitshares 2.0) should not be our expectation. Our chief expectation should be making the system more productive and useful and from there it will grow.
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Our chief expectation should be making the system more productive and useful and from there it will grow.
Exactly +5% +5% +5%
Check out what we are doing with BlockPay...
https://steemit.com/steem/@kenCode/ann-blockpay-point-of-sale-system-for-all-digital-currencies
Slow and steady wins the race :)
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Our chief expectation should be making the system more productive and useful and from there it will grow.
Exactly +5% +5% +5%
Check out what we are doing with BlockPay...
https://steemit.com/steem/@kenCode/ann-blockpay-point-of-sale-system-for-all-digital-currencies
Slow and steady wins the race :)
Link doesn't seem to work
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Our chief expectation should be making the system more productive and useful and from there it will grow.
Exactly +5% +5% +5%
Check out what we are doing with BlockPay...
https://steemit.com/steem/@kenCode/ann-blockpay-point-of-sale-system-for-all-digital-currencies
Slow and steady wins the race :)
Link doesn't seem to work
yeah, damn steemit links never work on this forum. you have to copy/paste the whole address into your browser :-[
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Our chief expectation should be making the system more productive and useful and from there it will grow.
Exactly +5% +5% +5%
Check out what we are doing with BlockPay...
https://steemit.com/steem/@kenCode/ann-blockpay-point-of-sale-system-for-all-digital-currencies
Slow and steady wins the race :)
Link doesn't seem to work
yeah, damn steemit links never work on this forum. you have to copy/paste the whole address into your browser :-[
Actually the issue is due to @kenCode being capitalized, which this forum does automatically. Steemit requires all addresses to be non-caps. Quite a bugger. I would just use the Steem URL shortener at http://steem.link/
Here I'll do it for ya: http://steem.link/vYxmK
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Our chief expectation should be making the system more productive and useful and from there it will grow.
Exactly +5% +5% +5%
Check out what we are doing with BlockPay...
https://steemit.com/steem/@kenCode/ann-blockpay-point-of-sale-system-for-all-digital-currencies
Slow and steady wins the race :)
Link doesn't seem to work
yeah, damn steemit links never work on this forum. you have to copy/paste the whole address into your browser :-[
Actually the issue is due to @kenCode being capitalized, which this forum does automatically. Steemit requires all addresses to be non-caps. Quite a bugger. I would just use the Steem URL shortener at http://steem.link/
Here I'll do it for ya: http://steem.link/vYxmK
whoa nice! thanx for that nomoreheroes7 :)
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(https://dl.dropboxusercontent.com/u/38768040/misc/bitshares/BITSHARES2016-08-03.png)
BTS looks primed for a spike up in price +1000 sat. Soonish.
I'm feeling pretty good about bitshares these days. Long term, the platform seems like it is destined to succeed. It just needs critical mass. Maybe bitshares will ride to glory on Steemit's coattails. Or maybe the Bitfinex heist will push traders to openledger. Just a matter of time.
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BTS price is going up?
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BTS looks primed for a spike up in price +1000 sat. Soonish.
Wow 970 sat now. Not sure when we saw that the last time.
But why the sudden increase? Peerplays snapshot shouldn't account for more than ~$500k cap increase. Crypto markets are highly counterintuitive as it seems :D
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Maybe it's because BTS is awesome? No no, that would be too reasonable. As we know markets are irrational, it's gotta be something else. Hmm.
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The price may be increasing due to the upcoming Peerplays snapshot. This will take place over a period of weeks at the beginning of September.
An interesting decision was made for the sharedrop which we may be seeing play out in the market price. Namely, that known exchanges will not be included in the share drop. This means that if you own BTS and would like your portion of the Peerplays share drop, you have to move those coins off the exchanges before the sharedrop begins.
Thus the price increase may be due to the diminishing supply of BTS on the exchanges as people move their BTS in anticipation of the shapshot.
It has been speculated several times on this forum that keeping BTS off the exchanges might boost the price. There was even a proposal by @tonyk which would take BTS off the exchanges completely. But i don't remember the details.
It is a very interesting experiment we are seeing play out. And if in fact this is causing the price increase, a very lucrative business model to drive the BTS price would be to propose dividend payments or sharedrops to BTS holders which take place at random (unforeseeable) times in the future, and exclude the exchanges.
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Good observation. Speaking of share dropping when I migrated to 2.0 my Notes didn't show up. Any idea what happened to them?
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Good observation. Speaking of share dropping when I migrated to 2.0 my Notes didn't show up. Any idea what happened to them?
NOTES have been forked onto a separated blockchain. Your assets are there and no longer as NOTEs on BitShares
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Thanks for the info on Notes. I'll look into it and see if I can access them.
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(http://i.imgur.com/7drHiqr.gif?noredirect)
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V
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;)
Indeed, when Stan said 'this summer' I didnt realize that he was talking about Monero in the summer of 2016! But apparently he was!
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go go go +5%
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;)
Indeed, when Stan said 'this summer' I didnt realize that he was talking about Monero in the summer of 2016! But apparently he was!
Still wish I would've listened to you not even 2 months ago:
June 8. Price is in the 170s.
Buy back into monero now, as much as you can.
(Not actually investment advice).
But heh, with the one-two punch of Steem and now BTS rising I'm finally well back into the black on my investments, so I'm a happy camper. Good time to be an alt-coiner, that's for sure.
:D
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Oh dang, I didnt know that about the sharedrop and not giving it to exchanges. Its going to take a while to get BTS back off polo. :(
How long does the sharedrop go for? Will I lose much if i miss the first few days on some of my BTS?
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Sharedrop is a random time between Sept. 1st and Sept 16th, so you don't know when it will fall. Are you still in BTS at all Ander? I saw you had sent a bunch to poloniex and figured you just said screw it for Monero instead lol.
BTW, you deserve every penny you're making with Monero right now. I always appreciated your input on BTS back in the day, and how you were always steadfastly optimistic and weathered the toughest of BTS downturns. And looking back through your Monero thread you got quite a bit of shit from BTS-talkers earlier this year about buying in when you did...so I really do feel you deserve this time of happiness. :)
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Over $2M 24-hour volume on CMC. I think that's an all-time record.
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Over $2M 24-hour volume on CMC. I think that's an all-time record.
I dont think it is, not even close.
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Over $2M 24-hour volume on CMC. I think that's an all-time record.
I dont think it is, not even close.
CMC shows us as having $6,366,160 daily volume on March 11, 2016. So we're like...a third of the way there anyway.
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Over $2M 24-hour volume on CMC. I think that's an all-time record.
I dont think it is, not even close.
CMC shows us as having $6,366,160 daily volume on March 11, 2016. So we're like...a third of the way there anyway.
hmm, where can we find those CMC figures?
-- modified --
nevermind, for some unknown reason I deciphered it as CompuMatrix<something>
Of coure we have nice graphs on CoinMarketCap here:
http://coinmarketcap.com/currencies/bitshares/
and peerplays here:
http://coinmarketcap.com/assets/peerplays/
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Sharedrop is a random time between Sept. 1st and Sept 16th, so you don't know when it will fall. Are you still in BTS at all Ander? I saw you had sent a bunch to poloniex and figured you just said screw it for Monero instead lol.
BTW, you deserve every penny you're making with Monero right now. I always appreciated your input on BTS back in the day, and how you were always steadfastly optimistic and weathered the toughest of BTS downturns. And looking back through your Monero thread you got quite a bit of shit from BTS-talkers earlier this year about buying in when you did...so I really do feel you deserve this time of happiness. :)
Yes I have BTS. I did sell some from Monero in the past when monero was very low, but I've bought it all back.
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There were certain periods of time where you could get 2% a day interest with BTS on polo, which I tried to maximize. But now im going to miss part of this sharedrop because I cant get it back out in time lol.
Here's hoping the random time is later in the window.
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I assume this bump is due to the peerplays sharedrop. What are your thoughts as to how much of this new influx will stay after the sharedrop date ends?
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I assume this bump is due to the peerplays sharedrop. What are your thoughts as to how much of this new influx will stay after the sharedrop date ends?
Why would people buy BTS for the peerplays sharedrop? It's 5%... if they think peerplays is worth that much than why wouldn't they buy peerplays outright?
The 5% drop is more of a hat tip than anything
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Maybe you dont buy bts because of it, but you should withdraw from exchanges because of it.
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Can anyone post link / details on this Peershares Sharedrop? How do we participate?
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Take a look at their web site peerplays.com in the news section. You'll find all you need ;)
Sent from my SM-G900F using Tapatalk
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Remind me again why i still hold some of these bitshares things?
::)
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(https://dl.dropboxusercontent.com/u/38768040/misc/bitshares/BTS-2016-09-03.png)
Wow. Flashcrash to 700 sat. Longs covering, but jeeze. What started it? Anyone have a clue? Peerplays snapshot has another 10 days to go.
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Remind me again why i still hold some of these bitshares things?
::)
Long term still VERY viable technology. Not sure why it does not get more attention after every exchange "hack." Steem's success can only help bts credibility and hopefully lead them to try BitShares.
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I don't get it... Why everyone is talking about dumping bts after the peerplays snapshot? We are talking about 5% of peerplays allocation to bts. The amount is really just symbolic. People can buy peerplays now.
I think that the peerplay snapshot helps bts price slightly because bts are withdrawn from external exchanges and some more trading may happen in the DEX but other than that nothing more. And after the snapshot period, the worst that should happen is that people return their bts in external exchanges and trade there as they used to be.
But why dumping bts after the snapshot? That implies that the whole value of bts is only based on the value of peerplay. Are people so insane?
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By the way guys I re opened a bitshares discussion thread in steemit.
https://steemit.com/bitshares/@mf-tzo/bitshares-price-discussion-v2
In the previous thread in steemit I was just talking to my self..lol..I know that many of you may feel that steem stole bts thunder, bts shareholders where again left behind and much more...but I want you to know that any gains from steem posts discussing bts will go straight to buying and holding more bts, so your support is appreciated!
I also believe that even if bitshares forum thread is not so active as it used to be, there are still a lot of long term bitshares holders (and actually more than in the past) that still believe in bts even if they don't post often anymore. I am actually starting to believe that the less people post the more the value of the token rises...
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What about leaving that free money on the Steemit platform? We shouldn't kill that goose.
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What about leaving that free money on the Steemit platform? We shouldn't kill that goose.
I intend to liquidate only the steem dollars earned from posts to buy bts and support bts price and vision and at the same time end the power down and keep the rest as steem power. So essentially supporting both projects.
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I don't get it... Why everyone is talking about dumping bts after the peerplays snapshot? We are talking about 5% of peerplays allocation to bts. The amount is really just symbolic. People can buy peerplays now.
I think that the peerplay snapshot helps bts price slightly because bts are withdrawn from external exchanges and some more trading may happen in the DEX but other than that nothing more. And after the snapshot period, the worst that should happen is that people return their bts in external exchanges and trade there as they used to be.
But why dumping bts after the snapshot? That implies that the whole value of bts is only based on the value of peerplay. Are people so insane?
I'm surprised the BTS price hasn't risen more. 5% is not a symbolic or trivial amount. 5% of the peerplays market cap means at least a 5% return for BTS holders if the market caps are equal (as they are for some reason). A lot of people are happy if they make 5% in a year!
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Not so long ago we were about $0.0045 per share. Now it is $0.0054.
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Not so long ago we were about $0.0045 per share. Now it is $0.0054.
This!
Also keep in mind that we are having more and more ACTUAL companies working on BitShares and Graphene .. also thanks to Steem ..
We will actually soon see a native Steem Android App with all the transaction signing happening in Java .. THAT is the basis to also see BitShares native apps written in Java ..
as well as PHP, C# etc ... more devs looking into Graphene than EVER!
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Not so long ago we were about $0.0045 per share. Now it is $0.0054.
This!
Also keep in mind that we are having more and more ACTUAL companies working on BitShares and Graphene .. also thanks to Steem ..
We will actually soon see a native Steem Android App with all the transaction signing happening in Java .. THAT is the basis to also see BitShares native apps written in Java ..
as well as PHP, C# etc ... more devs looking into Graphene than EVER!
I don't really understand this. If you write it in Java how it is native to bitshares? What do you have to do different to make it compatible with bitshares?
How is this different than Lisk using JavaScript?
As far as price goes... why would the price change based on companies working on the BTS network? Are they building apps that need BTS to work? Could they use the network, but only negligibly, to get their company to work and thus not have a big impact on price?
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I don't understand how this is a "trading discussion" and no one is mentioning that BTS just reversed the downward trading channel.
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We had Ander before, he was giving life to this thread but he is not as active as before.
Nice catch !
Let's see if it holds during the sell off from the ones who only bought BTS to have free Peerplays.
Sent from my SM-G900F using Tapatalk
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We had Ander before, he was giving life to this thread but he is not as active as before.
Nice catch !
Let's see if it holds during the sell off from the ones who only bought BTS to have free Peerplays.
Sent from my SM-G900F using Tapatalk
Still a decent buy support on Poloniex of 470btc. In the slow days of before I have seen it under 100btc.
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I don't understand how this is a "trading discussion" and no one is mentioning that BTS just reversed the downward trading channel.
Last three months has been a steady up trend. This gives me hope.
Also, if we look back from the inception of Bitshares 2.0 (around Nov 2015) until today we have had a very respectable run. Dollars is a better measure than BTC as the dollar is more stable. Against the Dollar we have gone from about .00352 to .00514 a 56.64% increase.
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I don't understand how this is a "trading discussion" and no one is mentioning that BTS just reversed the downward trading channel.
Because its hard to care abut BTS when literally every other crypto in the universe has outperformed it over the past 18 months. BTS doesnt go up. Everything else has some huge pumps sometimes, even total shitcoins.
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I don't understand how this is a "trading discussion" and no one is mentioning that BTS just reversed the downward trading channel.
Because its hard to care abut BTS when literally every other crypto in the universe has outperformed it over the past 18 months. BTS doesnt go up. Everything else has some huge pumps sometimes, even total shitcoins.
The speculative money that is going to be made in the BTS ecosystem is going to be by the companies using the UIA system, not BTS. BTS has no plan on ever making money. This means no one wants/needs to buy the token. All a bts token gives you is voting power, which most investors don't really care about. If somehow the chain could be made profitable, then the value of the token would go up. People are way to afraid of raising the fees. The platform may get popular, but because BTS is always operating at a loss the market cap will probably stay the same or fall.
Hey it could be worse than investing in BTS... you could be an investor in steem.
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
So here is the problem... You need to find people willing to create bitUSD. No one has figured it out yet. The only reason to do that would be that you think the value of BTS will rise vs bitUSD. If BTS guaranteed you part of the profits, the value of BTS would go up. This is how stocks work, the value generally increases as the companies profits increase.
Unfortunately there is no real plan to make BTS profitable. The governance is poor and decisions on fee's are often deadlocked. A lot of what you have in your post would be great to have (bond market, stealth, referral system) but the referral system was killed and the bond market is barely and idea in someones head. I know blockpay is working on stealth, but they are going to be the ones reaping the fee rewards. Exactly why I'm saying it's the companies who use the BTS platform that will get rich. Not the BTS shareholders. BTS shareholders are basically securing the companies blockchain transactions for free. Not a profitable business model.
I'm not saying the potential of the BTS platform is bleak. I'm saying if you are a BTS shareholder, the potential of the token value increasing is bleak.
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Well, I still think your point of vue is a bit on the pesimistic side.
It's hard right now for ppl to short (borrow) fiat BitAsset because everybody here is used to see BTS go slightly up and back down to 0.0035$.
From now, I see the BTS price going to increase. The only fact that the price is going up with the selling pressure from the merger looks very good.
If we reach 0.01 or 0.02$ / bts, trader will start to consider BitAsset market to benefit from the strong upward trend.
There is also another thing to consider. Baskets, indexes and other smartcoins won't be stable. The dual volatility will be something of a great interest for traders.
Let's take Bittwenty, its natural tendency should be to increase as cryptocurrency gain traction. But it will do that as any market, by waves. When Bittwenty will make a new high and BTS will be low, there will be there an incredible oportunity to short it. That should trigger a shorting momentum resulting in BTS going up and both side of the market beeing happy. Shorter win money and long term investors are able yo buy bittwenties.
I also see Peerplay, Steem, Muse and the next future graphene chains bring not only value to BTS but also new feature that we won't have to pay for. Just like the divident system Peerplays has created.
Sent from my SM-G900F using Tapatalk
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
So here is the problem... You need to find people willing to create bitUSD. No one has figured it out yet. The only reason to do that would be that you think the value of BTS will rise vs bitUSD. If BTS guaranteed you part of the profits, the value of BTS would go up. This is how stocks work, the value generally increases as the companies profits increase.
Unfortunately there is no real plan to make BTS profitable. The governance is poor and decisions on fee's are often deadlocked. A lot of what you have in your post would be great to have (bond market, stealth, referral system) but the referral system was killed and the bond market is barely and idea in someones head. I know blockpay is working on stealth, but they are going to be the ones reaping the fee rewards. Exactly why I'm saying it's the companies who use the BTS platform that will get rich. Not the BTS shareholders. BTS shareholders are basically securing the companies blockchain transactions for free. Not a profitable business model.
I'm not saying the potential of the BTS platform is bleak. I'm saying if you are a BTS shareholder, the potential of the token value increasing is bleak.
Surely, all other things being equal, if there is more real-world usage of the platform (which also means people are trading/spending/hodling smartcoins), there has to be more collateral locked up, which means a higher BTS/FIAT price.
To the best of my present understanding, the above is irrefutable.
If so, we need to think what sort of initiatives can bring a wider range of users into the system.
I have some ideas, but don't see any of them taking off until we have STEALTH - it could be my bias, though, but me personally, I'm not going to be paying for anything with Smartcoins that's tied to anything in my name, that's a tool of oppression and not a tool of liberation.
As for bringing more traders in, I have a really hard time believing the platform will be attractive without, at least, stop-loss orders.
Stop-profit would also be nice.
I think those two are severely under-rated as a reason for serious traders avoiding bitshares right now.
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
So here is the problem... You need to find people willing to create bitUSD. No one has figured it out yet. The only reason to do that would be that you think the value of BTS will rise vs bitUSD. If BTS guaranteed you part of the profits, the value of BTS would go up. This is how stocks work, the value generally increases as the companies profits increase.
Unfortunately there is no real plan to make BTS profitable. The governance is poor and decisions on fee's are often deadlocked. A lot of what you have in your post would be great to have (bond market, stealth, referral system) but the referral system was killed and the bond market is barely and idea in someones head. I know blockpay is working on stealth, but they are going to be the ones reaping the fee rewards. Exactly why I'm saying it's the companies who use the BTS platform that will get rich. Not the BTS shareholders. BTS shareholders are basically securing the companies blockchain transactions for free. Not a profitable business model.
I'm not saying the potential of the BTS platform is bleak. I'm saying if you are a BTS shareholder, the potential of the token value increasing is bleak.
Surely, all other things being equal, if there is more real-world usage of the platform (which also means people are trading/spending/hodling smartcoins), there has to be more collateral locked up, which means a higher BTS/FIAT price.
To the best of my present understanding, the above is irrefutable.
If so, we need to think what sort of initiatives can bring a wider range of users into the system.
I have some ideas, but don't see any of them taking off until we have STEALTH - it could be my bias, though, but me personally, I'm not going to be paying for anything with Smartcoins that's tied to anything in my name, that's a tool of oppression and not a tool of liberation.
As for bringing more traders in, I have a really hard time believing the platform will be attractive without, at least, stop-loss orders.
Stop-profit would also be nice.
I think those two are severely under-rated as a reason for serious traders avoiding bitshares right now.
BlockPay should have Stealth ready soon. Also they will help to kick start the MPA markets as merchands will consifer this option.
More initiative as BlockPay is probably the way to go to increase the depth of these markets.
I a little surprise that Ronny doesn't have implemented already stop loss and profit in OpenLedger. OL core is the trading plateform, it should have the very minimum features of any decent trading plateform.
This is probably discouraging lots of traders. Will see how it is going, I remember him saying something about beeing working on the GUI.
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I don't understand how this is a "trading discussion" and no one is mentioning that BTS just reversed the downward trading channel.
Because its hard to care abut BTS when literally every other crypto in the universe has outperformed it over the past 18 months. BTS doesnt go up. Everything else has some huge pumps sometimes, even total shitcoins.
The speculative money that is going to be made in the BTS ecosystem is going to be by the companies using the UIA system, not BTS. BTS has no plan on ever making money.
In case you were implying that companies and individuals create UIAs and have them traded, don't you forget then that the only viable way to do that is to have ONE token which all these UIAs trade against. That token should not be an UIO/UIA itself in order to reduce the risk that the issuer defaults on it. The only candidates I can think of are BTS and BitUSD (of BitCNY for Chinese market UIAs).... which creates demand for BTS....
This is where most of the demand for XRP (Ripple) comes from, respectively where the speculative value of XRP lies... that is not mainly with the fees that are paid in XRP.
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I a little surprise that Ronny doesn't have implemented already stop loss and profit in OpenLedger. OL core is the trading plateform, it should have the very minimum features of any decent trading plateform.
This is probably discouraging lots of traders. Will see how it is going, I remember him saying something about beeing working on the GUI.
In my understanding support for this would have to be baked in graphene itself (is it already there?) -- how else would orders be cancelled while offline?
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
Unfortunately there is no real plan to make BTS profitable...
I'm not saying the potential of the BTS platform is bleak. I'm saying if you are a BTS shareholder, the potential of the token value increasing is bleak.
In my understanding there is a reserve pool where these fees go to. Where they are effectively out of the market. This should directly effect the price for each individual bitshare and IS the mechanisms by which value is transferred back to token holds. That correct? So it is not a dividend, but a kinda temporary burn. How temporary depends on the network participants.
Only with the approval of the predefined threshold of BTS token votes will these tokens be paid out (diluting the market). Yet, in theory, this will only be done when those with the most interest in long term value decided to let the network spend these reserve tokens.
Thus, I do not see your point as to the worthlessness of BTS tokens from a fundamental value perspective.
Sent from my XT1254 using Tapatalk
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I guess the USD is over as the worlds reserve currency. Probably for the best as fiat currency is on its last legs. Of course bitUSD has seen a modest rise in supply but....
The supply of (and demand for) bitCNY has QUINTUPLED (5x) since the beginning of this year. This is a great sign for bitshares as it shows more people are trusting the seemingly complicated but actually genius and robust collateral system.
It's especially great news because now $800,000 (5.3m CNY) worth of BTS is collateralising bitCNY.
If this trend continues + Nov. 5 super-halving hype + Blockpay...
If people start believing that the price of BTS is going to rise... it'll boom.
It's just really really annoying that the largest CNY market for bitshares (the DEX) is not displayed on coinmarketcap.com because our block explorer is slightly broken. That's almost $3,000 in volume (on a slow day) that could hugely bump the DEX in the exchanges rankings and bitshares in the volume rankings. Plus it's embarrassing to have a broken block explorer. @roadscape
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The supply of (and demand for) bitCNY has QUINTUPLED (5x) since the beginning of this year. This is a great sign for bitshares as it shows more people are trusting the seemingly complicated but actually genius and robust collateral system.
It's especially great news because now $800,000 (5.3m CNY) worth of BTS is collateralising bitCNY.
@roadscape
Any ideas as to why? Might give us insight how to better support bitUSD.
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You forget that smartcoins uses collateral in BTS. The need for stable crypto asset will rise and these markets will grow.
BlockPay will probably help with that.
Each BitUSD is 2$ locked in BTS.
One million BitUSD in circulation means 2 millions $ in BTS bought. How much do you think the bts price would increase with ppl buying for 2 million $ of BTS ?
The plateform is perfect for creating all kind of index, baskets, ... which will also contribute at locking more collateral.
With a good commercialisation, I'm conffident that bittwenty could bring signigicant value to BTS.
The referral system may also take off later when we reach critical mass. That will also bring more fees.
Stealth transfers will also bring more fee to the system.
The other features still to be implemented ( as the bond market ) will also produce lots of fees.
There is also the unknows. Anytime, a new company can implement itself on top of BitShares and develop a new feature using the FBA.
IMO, your view on the BTS potential is too pessimistic.
Sent from my SM-G900F using Tapatalk
Unfortunately there is no real plan to make BTS profitable...
I'm not saying the potential of the BTS platform is bleak. I'm saying if you are a BTS shareholder, the potential of the token value increasing is bleak.
In my understanding there is a reserve pool where these fees go to. Where they are effectively out of the market. This should directly effect the price for each individual bitshare and IS the mechanisms by which value is transferred back to token holds. That correct? So it is not a dividend, but a kinda temporary burn. How temporary depends on the network participants.
Only with the approval of the predefined threshold of BTS token votes will these tokens be paid out (diluting the market). Yet, in theory, this will only be done when those with the most interest in long term value decided to let the network spend these reserve tokens.
Thus, I do not see your point as to the worthlessness of BTS tokens from a fundamental value perspective.
Sent from my XT1254 using Tapatalk
It's been about a year since bitshares 2.0 has come out... Transaction volume has increased steadily, while price has decreased steadily (slightly lower vs the dollar, but HAMMERED vs bitcoin). bitCNY and other smartcoin volume has also increased. Even with the collateral being locked up, it didn't help raise the price of the BTS token.
No fee's.. no profits... no increasing value to the token. If you think BTS is going to rise due to smartcoin collateral lock ups I would look again. As Dan said right before he bolted... rising participation in the bitshares network doesn't necessarily mean a rising price for bts.
The people who are going to make money in the BTS ecosystem are the UIA issuers, not the BTS shareholders.
(http://content.screencast.com/users/mattjohnson102/folders/Default/media/230b2d63-7f71-41fc-969e-56ee54be97c4/chart.jpeg)
(http://content.screencast.com/users/mattjohnson102/folders/Default/media/44a34958-5ff1-44fb-9f13-5e12abbe40c8/chart%20(1).jpeg)
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Wow. Serious crunch for NXT, they've been sliced in third over the last 2 months. Could a slosh of cash money coming into BTS for those interested in POS, UIA. Obviously BTS is better than NXT with our bitAssets, multi-sig, OpenLedger, BlockPay. I'm looking forward to claiming my peerplays on their blockchain whenever they deploy it! I'm glad that the Peerplay snapshot didn't cause the same hyperbubble that NXT saw for Ardor (whatever that is).
Looks like the beginning of a lil surge for BTS. :)
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Wow. Serious crunch for NXT, they've been sliced in third over the last 2 months. Could a slosh of cash money coming into BTS for those interested in POS, UIA. Obviously BTS is better than NXT with our bitAssets, multi-sig, OpenLedger, BlockPay. I'm looking forward to claiming my peerplays on their blockchain whenever they deploy it! I'm glad that the Peerplay snapshot didn't cause the same hyperbubble that NXT saw for Ardor (whatever that is).
Looks like the beginning of a lil surge for BTS. :)
NXT will switch to ARDOR. Period for getting ARDOR from NEXT ending in 10 days. I wonder why is NXT still so expensive.
https://nxt.org/announcing-ardor/
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At least it appears BTS may have stabilized. Steem on the other hand is getting DESTROYED. Not that I have a problem with that... Just got to wonder what the "New and Revolutionary" product Dan will release in 2017 that he can milk his Larimer Lemmings for one more time...
I don't really bother going over to steem anymore after realizing it sucks, but anyone know the general investor feeling over there? Just keep in mind the following charts the next time Dan tries to sell you something.
(http://content.screencast.com/users/mattjohnson102/folders/Default/media/c4df5578-d5cd-45d3-b504-498454cc1de8/chart%20(1).jpeg)
(http://content.screencast.com/users/mattjohnson102/folders/Default/media/58b33df1-8f99-4b69-98aa-93243490d410/chart.jpeg)
I remember when everyone blamed price declines on the crypto bear market... That was funny
(http://content.screencast.com/users/mattjohnson102/folders/Default/media/c20e20ba-6aad-4f38-ad30-e35cec0770a4/chart%20(2).jpeg)
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@lil_jay890 When you look at the top 10-20 on coinmarketcap one could say they all "suck." Bitcoin has the first mover advantage however BTS and yes Steem are the only ones doing something different with real world use cases.
I did see in the troll box yesterday, OpenLedger mentioned a GUI revamp being done this month. People do not understand bitcoin and when they load up bitshares, it's simply overwhelming. I would hope to see the GUI revamp increase new user traction/retention and thus should drive up the price of bts.
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@lil_jay890 When you look at the top 10-20 on coinmarketcap one could say they all "suck." Bitcoin has the first mover advantage however BTS and yes Steem are the only ones doing something different with real world use cases.
I did see in the troll box yesterday, OpenLedger mentioned a GUI revamp being done this month. People do not understand bitcoin and when they load up bitshares, it's simply overwhelming. I would hope to see the GUI revamp increase new user traction/retention and thus should drive up the price of bts.
If Openledger is updating the GUI in an attempt to drive traffic and retention you should buy OBITS, not BTS. BTS just doesn't give any real reason to hold the token. Network traffic and Collateral lock up have increased consistently over the last several months, but the price has stagnated and even declined.
I've been advocating forever that the only way that the BTS token becomes valuable is if the BTS network starts turning a profit. But the governmental process is weak and there are no plans to make the network profitable.
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@lil_jay890 When you look at the top 10-20 on coinmarketcap one could say they all "suck." Bitcoin has the first mover advantage however BTS and yes Steem are the only ones doing something different with real world use cases.
I did see in the troll box yesterday, OpenLedger mentioned a GUI revamp being done this month. People do not understand bitcoin and when they load up bitshares, it's simply overwhelming. I would hope to see the GUI revamp increase new user traction/retention and thus should drive up the price of bts.
If Openledger is updating the GUI in an attempt to drive traffic and retention you should buy OBITS, not BTS. BTS just doesn't give any real reason to hold the token. Network traffic and Collateral lock up have increased consistently over the last several months, but the price has stagnated and even declined.
I've been advocating forever that the only way that the BTS token becomes valuable is if the BTS network starts turning a profit. But the governmental process is weak and there are no plans to make the network profitable.
How would Bitshares need to look if it were to turn a profit? Our main cost are: Dilution due to vesting which should end this November, witnesses which help secure the network, worker proposals which rarely get voted for, and... what else?
Is it systemic to the network no matter the scale? If so then the project simply can not succeed no matter what. Or is it simply that the network has not scaled to a break even point yet?
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@lil_jay890 When you look at the top 10-20 on coinmarketcap one could say they all "suck." Bitcoin has the first mover advantage however BTS and yes Steem are the only ones doing something different with real world use cases.
I did see in the troll box yesterday, OpenLedger mentioned a GUI revamp being done this month. People do not understand bitcoin and when they load up bitshares, it's simply overwhelming. I would hope to see the GUI revamp increase new user traction/retention and thus should drive up the price of bts.
If Openledger is updating the GUI in an attempt to drive traffic and retention you should buy OBITS, not BTS. BTS just doesn't give any real reason to hold the token. Network traffic and Collateral lock up have increased consistently over the last several months, but the price has stagnated and even declined.
I've been advocating forever that the only way that the BTS token becomes valuable is if the BTS network starts turning a profit. But the governmental process is weak and there are no plans to make the network profitable.
How would Bitshares need to look if it were to turn a profit? Our main cost are: Dilution due to vesting which should end this November, witnesses which help secure the network, worker proposals which rarely get voted for, and... what else?
Is it systemic to the network no matter the scale? If so then the project simply can not succeed no matter what. Or is it simply that the network has not scaled to a break even point yet?
On the current path, people will get rich on the bts network. They will be the uia issuers that basically get to list and trade their assets on the network for free. The bitshares shareholders are paying to secure the uia issuers assets. One would think that network activity would have increased exponentially as people discovered this benefit, but while the increases noticeable they have still been tepid at best. Maybe this volume will come, but it still won't increase the value of the token.
Bitshares needs to cater to forex traders and raise the fees. Stop loss and take profit orders need to be implemented and the GUI for shorting smartcoins needs to be simplified. Bitshares was designed as a dex, and every exchange makes its money through fees or spreads. Traders will happily pay these spreads for liquidity (which we don't have) and security (do have). Because of the increased fees from traders people will start buying bts because it is now profitable. Some will leverage their investment by shorting smartcoins which will create more liquidity for traders. More liquidity=more traders=more fees= more bts speculation=more smartcoins=more liquidity. Positive feedback loop that will result in a higher bts token price.
Liquidity needs to be jump started a worker proposal. The referral program needs to be revived to give wallet and gui providers incentive to better their platforms. A second worker proposal needs to be created for the implementation of stop loss and take profit orders.
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Bitshares needs to cater to forex traders and raise the fees. Stop loss and take profit orders need to be implemented and the GUI for shorting smartcoins needs to be simplified. Bitshares was designed as a dex, and every exchange makes its money through fees or spreads. Traders will happily pay these spreads for liquidity (which we don't have) and security (do have).
...
A second worker proposal needs to be created for the implementation of stop loss and take profit orders.
A Worker to fund these things could work now with the anti-dilution guys probably attacking something else right now, but one problem here is the easiness of getting your Worker voted right back out again. Chronos has experienced this a few times, even our best core devs have as well. So we need a Worker to fix the Worker program, I think DataSecurityNode had some ideas on this topic.
@BunkerChain Labs
Once that is fixed, then I totally agree, we need to be a bad ass Dex. Implement those Trader features you mentioned above.
Making the Shorting GUI a bit easier to understand as well. We just need mockups for that though. Take some screen captures, throw those images into a Paint program, draw the changes and then the Designer and Dev can get them implemented asap.
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@lil_jay890 Your graphs would have been an indication if they all used the same scaling on the x-axis .. Like this .. you are comparing 3+ years with 1+ year ..
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...but one problem here is the easiness of getting your Worker voted right back out again. Chronos has experienced this a few times, even our best core devs have as well. So we need a Worker to fix the Worker program, I think DataSecurityNode had some ideas on this topic.
@BunkerChain Labs
That is an extreme drawback. The uncertainty alone would stop many from even proposing. I agree this must be fixed. Once a Proposal reaches the necessary threshold votes need to be locked (maybe some super majority can override?). Yet. how do we ensure the the project gets done? Some projects might take many months and the funds will need to be dispersed more evenly. I am new, what methods have been discussed to accomplish this. What is the current method of fund dispersal?
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The worker system has its strengths. It allows shareholders to vote out a worker that is underperforming, which is an important feature. I'm not sure that I would want to see it changed with any sort of lock-in.
The current method of funds dispersal is for the proper amount of BTS to be created each day that the worker is voted in. See http://cryptofresh.com/workers for details on the current worker situation.
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The worker system has its strengths. It allows shareholders to vote out a worker that is underperforming, which is an important feature. I'm not sure that I would want to see it changed with any sort of lock-in.
The current method of funds dispersal is for the proper amount of BTS to be created each day that the worker is voted in. See http://cryptofresh.com/workers for details on the current worker situation.
I respect your perspective as you have actually done a proposal. I still have my intuitions... Would you leave the process as is or do you have another way to address the uncertainty created?
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The vesting period ends in two and 1/2 weeks. I have my doubts about this actually causing a significant price rise, seems to me far too little volume. However, it could help a slow and steady increase. As I assume most ppl still holding are the long term diehards who will not sell very easily, and there is just enough new exposure to overtake those who will sell still.
What is the general feelings of the ppl here?
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I agree 100%, i think the vesting period ending will not cause a massive surge in pricing but i am looking for a slow increase pretty much the reverse of the last 2 years; let not underestimate the impact this has cause. it is literally 20% of the total supply that has been trickling in over a long period and once the trend is historically down why would the people receiving these 'free' shares hold for a longer term when they could sell now and use profits to by in later wehn the trend is more favourable.
I also think this negative trend has stopped a lot of would be investors/users looking at the platform in detail as why would they want to own something that goes down in value 95% of the time, i think once the trend changes direction we will also have people more willing to look into the platform as they are doing their due diligence on a platform they are looking to invest in. once the 'Bitshares is awesome' message come from more than the small percentage of diehards we have here and people start hearing the same message from multiple people; the diehards and the people that recognised the value early will be very well placed :).
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Bitshares major offering is definitely the BAE (bitshares asset exchange). It's amazing to see the number of orders and volume has gone up by 10x in the past year, but the market cap is almost exactly the same.
http://cryptofresh.com/charts
http://coinmarketcap.com/currencies/bitshares/#charts
The market cap of bitCNY, bitUSD, and especially bitEUR has massively increased making the supply of BTS shrink by ~2.5x the increase in those market caps. Plus the supply increase is about to go to almost zero on Nov. 5.
The only unfortunate thing for bitshares and crypto in general is that bitcoin, the most trusted cryptocurrency is about to implode with those tiny ridiculous blocks and insane blocktime. When bitcoin becomes ineffective it damages the entire ecosystem, at least short-term.
Inflation usually lags about 10 years in major economies. In 2008 the USA majicked (printed) trillions of dollars to bail-out the banks and save the auto industry in the US. Soon they will start to feel the beginning of the massive inflation they caused. I predict wild USD inflation by 2018 inducing a crypto-revolution where established, reliable, useful coins and the bitshares BAE will be central to restoring security and function in the world economy.
So I guess you could say I'm holding.
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Bitshares major offering is definitely the BAE (bitshares asset exchange). It's amazing to see the number of orders and volume has gone up by 10x in the past year, but the market cap is almost exactly the same.
http://cryptofresh.com/charts
http://coinmarketcap.com/currencies/bitshares/#charts
The market cap of bitCNY, bitUSD, and especially bitEUR has massively increased making the supply of BTS shrink by ~2.5x the increase in those market caps. Plus the supply increase is about to go to almost zero on Nov. 5.
The only unfortunate thing for bitshares and crypto in general is that bitcoin, the most trusted cryptocurrency is about to implode with those tiny ridiculous blocks and insane blocktime. When bitcoin becomes ineffective it damages the entire ecosystem, at least short-term.
Inflation usually lags about 10 years in major economies. In 2008 the USA majicked (printed) trillions of dollars to bail-out the banks and save the auto industry in the US. Soon they will start to feel the beginning of the massive inflation they caused. I predict wild USD inflation by 2018 inducing a crypto-revolution where established, reliable, useful coins and the bitshares BAE will be central to restoring security and function in the world economy.
So I guess you could say I'm holding.
All signs point to going up. However after constantly monitoring the troll box on OpenLedger, people who do not grasp the concept in 5 minutes tend to shy away from it. They are supposed to release a simplified GUI which should significantly help user retention.
No reason to sell at these prices, lets see where it goes after the 5th of November.
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sidewaaaysss... booorrrinnnnggg
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sidewaaaysss... booorrrinnnnggg
^This
But projects are continuing development nonetheless ;D
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Isn´t it a good time to buy again? The prices are super low right now, perfect timing.
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Prices being low is only a good thing if they are low compared to reasonable future value of BTS. I see nothing that has changed regarding the fundamental value of BTS. The are some possibilities like block pay and this new debit card that Stan was talking about, but with low volume on both and both still being speculative in their own right that only compounds the risk of BTS.
Basically we have the success of a speculative asset riding on the success several more speculative ventures.
My thoughts are, yes, it is a great time to buy, if you are convinced that either block pay or this new debit card feature Stan referred to will ultimately succeeded.
However, we still have a massive leadership deficit and has prevented me from buying more... When I see the kind of leadership that other projects have from peerplays to blockpay it makes me increasingly wonder if I have misallocated my capital in this project. I first came to bitshares about a year ago and instantly saw its potential with the Dex and pegged assets. I still believe that potential and am not so impatient that I expect returns in one year, but I do except a dedicated leadership with ideas and vision. The lack of this is probably the single largest aspect that tells me to sell much of my stake and move on...
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So when does the November 5th "super" halving price jump kick in....??
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So when does the November 5th "super" halving price jump kick in....??
It's cyber monday discount, last hours, enjoy LOL
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CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem
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CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem
With the chaos going on around the world, people will take notice of BitShares. It seems to get glanced over by the crypto crowd however once real traders try it out, watch out.
-War on cash worldwide, see India as the latest example
-Crazy volatility in FX markets
-Volatility in the metals markets
The list goes on and on.
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CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem
With the chaos going on around the world, people will take notice of BitShares. It seems to get glanced over by the crypto crowd however once real traders try it out, watch out.
-War on cash worldwide, see India as the latest example
-Crazy volatility in FX markets
-Volatility in the metals markets
The list goes on and on.
How are they going to notice what they never heard of?
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I agree, BitShares has already a very good product. Our market cap (and thus our budget to move forward) is very low because nobody knows about us, about the technology, about the long term point of view.
When we have a new user coming in the chat, a person who understand more or less what is BitShares, after getting it, they usually convert an important part of their porfolio in BTS.
If the entire crypto community would know what BitShares is already capable of, we would see a huge change.
Our major problem is the the lack and missinformation around BitShares.
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There are plenty of examples of superior technology not taking root, enough that we can not just say "once they notice us it will be inevitable...". We have already had out chance to just let the market discover us, if we do not make it happen then this project will not succeed. It is a business at the end of the day and business succeeded because they market and plan how to propagate their "superior technology".
I want to help the project, but I have no technical abilities at the moment. Nor do we have a plan in place to systematically promote this platform, thus it does not make sense for me to go out as a lone wolf and promote the platform as alone I will ackomplish very little...
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Maybe a worker proposal to explain and promote actively BitShares in the crypto community could have good results.
The problem is that kind of job is complicated to mesure in term of effectiveness.
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CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem
With the chaos going on around the world, people will take notice of BitShares. It seems to get glanced over by the crypto crowd however once real traders try it out, watch out.
-War on cash worldwide, see India as the latest example
-Crazy volatility in FX markets
-Volatility in the metals markets
The list goes on and on.
liquidity, usabilty/understandibility, and ease of access all trump the reasons you have listed above. Bitshares has severely lacked in every one of those critical features.
If the only reason to own bitshares is in case of a world wide financial meltdown or to skirt government oversite, I think "to the moon" will be delayed decades. Or quantum computers will be out and bts's encryption will be worthless.
Also, volatility in the metals and FX markets is only extreme when looking at it over the last couple years. Historically it is fairly muted, along with most other market vol.
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CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem
With the chaos going on around the world, people will take notice of BitShares. It seems to get glanced over by the crypto crowd however once real traders try it out, watch out.
-War on cash worldwide, see India as the latest example
-Crazy volatility in FX markets
-Volatility in the metals markets
The list goes on and on.
How are they going to notice what they never heard of?
We all want crypto to take over the world tomorrow however this will take time. As Stan has been saying, one brick at a time.
As I explain BitShares to not only trader friends however also people that can see the light of day with the current economy, they all love the idea however have issues getting money in/out of the system. Some of these are being tackled however look at what just happened with Coinbase.
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In the last three months:
Ethereum is down 44%
Bitshares down 33%
Steem down 71%
Ethereum Classic down 44%
Litecoin down 11%
Monero down 46%
Dash down 22%
Augur down 72%
NEM Down 41%
Waves up 43%
Bitcoin up 25%
(by no means a comprehensive list, but good indicators)
We can see that by no means is this down trend unique to Bitshares in the short run (last three months). Long run chart trends are important for sure, but the current slump is almost exclusively an exodus to Bitcoin which received about 2.5 billion in capital in the last three months. It is reasonable to trade and invest based on your thoughts on this trend continuing or not at the moment most other factors are taking a back seat.
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they all love the idea however have issues getting money in/out of the system.
Bingo!
I see this as one of the biggest issues that Bitshares has right now. On and off ramps to and from fiat currencies. "Gateways".
I want to help the project, but I have no technical abilities at the moment.
You don't need any "technical abilities" to contact exchanges CONSTANTLY and talk about the reasons why they should at least support the core BTS and top 3 smartcoins.
A.B.C.
Tell them about OpenLedger, BlockPay, Stealth, C-IPFS support in graphene (the one chain that is actually scalable), our mobile apps, Echo and all the privacy tools we are releasing, our prediction market, decentralized governance and voting system, 3-second transactions, the list goes on and on. Email them, call them, skype them... Again and again and again and again. If even 10% of the people in this community would do that we would see gateways galore imo. Get a YES out of them. Motion creates emotion! The squeeky wheel gets the grease, so BE RELENTLESS.
There is no such thing as a "no sale" call.
https://www.youtube.com/watch?v=1X3p42GaM5I
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https://www.youtube.com/watch?v=fmX2VzsB25s
but really can be done by individuals p2p all arround the world, trusted comunitty sellers, u know fractional reserve of chinesse exchanges take us here, they chup chup lot of the profit from bitshares investors. And also stealh not work if need to send money from your bank to buy bts. And its good thing community start to win money.
i saw local bitshares proyect in the past but dont know what happened with, i think is more simple just an official web list trusted bts sellers by country, and official conditions for big sells up 100 $ take few days send money buy btc to buy bts to give to him. with that everybody can pop up as zone-trader.
At the end Bitshares needs comercials all arround the world. Because find and understand bitshares for non crypto people its very very hard but if i go to the bar, shop, videogame or whatever bussiness you can offer to launch his bussines on a wallstreet based game explaining the way to take financiaton from his customers to upgrade his bussiness, or just to play with them with points to later offer something for points, and sametime give service of bts gateway p2p to him,,,, its easy and fast bussiness looks like.
BTS price is ridiculous just now, you can launch an asset for cents,,,, and can ask for 100 euros or whatever so easy to shop or bar
can make a bussines line for bts commercials rise all over.
personal feeling that this is very much better that keep centraliced in a manipulable selling point, and same time give advantage to open ledger and other comunitty gateways.
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In the last three months:
Ethereum is down 44%
Bitshares down 33%
Steem down 71%
Ethereum Classic down 44%
Litecoin down 11%
Monero down 46%
Dash down 22%
Augur down 72%
NEM Down 41%
Waves up 43%
Bitcoin up 25%
(by no means a comprehensive list, but good indicators)
We can see that by no means is this down trend unique to Bitshares in the short run (last three months). Long run chart trends are important for sure, but the current slump is almost exclusively an exodus to Bitcoin which received about 2.5 billion in capital in the last three months. It is reasonable to trade and invest based on your thoughts on this trend continuing or not at the moment most other factors are taking a back seat.
Peerplays bucked that trend and is up significantly in the last 3 months. :)
Just say'en.
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In the last three months:
Ethereum is down 44%
Bitshares down 33%
Steem down 71%
Ethereum Classic down 44%
Litecoin down 11%
Monero down 46%
Dash down 22%
Augur down 72%
NEM Down 41%
Waves up 43%
Bitcoin up 25%
(by no means a comprehensive list, but good indicators)
We can see that by no means is this down trend unique to Bitshares in the short run (last three months). Long run chart trends are important for sure, but the current slump is almost exclusively an exodus to Bitcoin which received about 2.5 billion in capital in the last three months. It is reasonable to trade and invest based on your thoughts on this trend continuing or not at the moment most other factors are taking a back seat.
Peerplays bucked that trend and is up significantly in the last 3 months. :)
Just say'en.
Yeah, I own peerplays and love hearing about your updates on beyond bitcoin. I like the slow and steady pace to it too. Big reason why i think your project has such a massive chance of succeeding is that there is a group of core competent people willing to sacrifice time and energy to make it happen. Thx. That is the big problem with "decentralized corporations" they have no person(s) directly responsible for their success.
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Maybe we need a person who understand very well BTS and have extensive knowledge around how to build up momentum and traccion, create relationship, partnership and so on. That person would be paid through the worker proposal.
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The problem is much smaller than most think. The other day I was talking with a guy on a meeting. The guy needs a platfrom for his community with an economy.
And he is obssesed with wingz cause they know how to sell. They sold him a load of bull promises.
Bitshares has the tools, but in needs:
a) to become friendlier to users
b) market itself
c) people to stop hoarding tons and use it
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Bitshares has the tools, but in needs:
a) to become friendlier to users
b) market itself
c) people to stop hoarding tons and use it
a) Bitshares people are the friendliest crypto-community I have experienced.
b) Setup a Meetup group in your local town. Use local coffee shops, libraries etc for your monthly meetings. Look at http://meetup.com/bithares-munich as an example. You can have co-organizers too so your friends can help create meetings so the burden is not totally on you. Tell them about OpenLedger, BlockPay, Stealth, C-IPFS support in graphene (the one chain that is actually scalable), our mobile apps, Echo and all the privacy tools we are releasing, our prediction market, decentralized governance and voting system, 3-second transactions, the list goes on and on.
c) "use it" can come with BlockPay, and trading with friends using the mobile wallet at local Meetups :)
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Bitshares has the tools, but in needs:
a) to become friendlier to users
b) market itself
c) people to stop hoarding tons and use it
a) Bitshares people are the friendliest crypto-community I have experienced.
b) Setup a Meetup group in your local town. Use local coffee shops, libraries etc for your monthly meetings. Look at http://meetup.com/bithares-munich as an example. You can have co-organizers too so your friends can help create meetings so the burden is not totally on you. Tell them about OpenLedger, BlockPay, Stealth, C-IPFS support in graphene (the one chain that is actually scalable), our mobile apps, Echo and all the privacy tools we are releasing, our prediction market, decentralized governance and voting system, 3-second transactions, the list goes on and on.
c) "use it" can come with BlockPay, and trading with friends using the mobile wallet at local Meetups :)
a) absolutly - i meant the product we are producing, not the people, i didn't mean the people =)
b) I was one of the first people in Russia years back to do so (from pts time) ))) I still, am. Grafene is what I push on daily basis. Im am the Golos community manager project too (its grafene based)
c) of course, I think your app is one of the greates things to happen to grafene. Its user friendly, and this kind of things is what we need
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Much >3 @serejandmyself
+5% +5% +5% +5% +5%
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I still think this is interesting... ::)
https://steemit.com/bitshares/@Methodise/impending-uk-restrictions-on-derivatives-presents-opportunity-for-bitshares
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If BTS price continues the trend of 3 months up then 3 months down, then up, then down, up, down. Then this is the beginning of 3 months up.
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bitshares doesn't participate in any of the bitcoin rallies, but falls when bitcoin sells off...
I'm sure there is someone here who can explain to me how bullish that is.
The answer of "The future of bitshares has never looked brighter!" is not valid anymore when describing the price of the bts token.... That saying has been regurgitated thousands of times and the price keeps falling.
Pumps keeping getting smaller...
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How about this new saying: "The future of Bitshares looks brighter than the previous future of Bitshares actually was!"
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Actually, BTS:USD doesn't look bad.
Considering that we had some selling pressure from the merger, we are doing good !
This year feels like a good year for graphene chains. Steem and Peerplays aim to an easier public than we are with BTS but I don't see Steem and Peerplays growing without BitShares.
More and more Steem projects are related with BTS thanks to fuzzy always explaining how they can use our UIA on beyong bitcoin show. This will link the trajectory of Steem and BTS.
Peerplays growing may also have a good impact on our volumes trading.
I feel very positif looking at 2017 !!!
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Actually, BTS:USD doesn't look bad.
Considering that we had some selling pressure from the merger, we are doing good !
This year feels like a good year for graphene chains. Steem and Peerplays aim to an easier public than we are with BTS but I don't see Steem and Peerplays growing without BitShares.
More and more Steem projects are related with BTS thanks to fuzzy always explaining how they can use our UIA on beyong bitcoin show. This will link the trajectory of Steem and BTS.
Peerplays growing may also have a good impact on our volumes trading.
I feel very positif looking at 2017 !!!
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+5%
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bitshares doesn't participate in any of the bitcoin rallies, but falls when bitcoin sells off...
I'm sure there is someone here who can explain to me how bullish that is.
The answer of "The future of bitshares has never looked brighter!" is not valid anymore when describing the price of the bts token.... That saying has been regurgitated thousands of times and the price keeps falling.
Pumps keeping getting smaller...
It's good to have your voice on here, stopping this from being an entirely "bitshares future is amazing" discussion. Progress and ideas are best arrived at through some healthy contention.
Although I'm confused about your motive. Why say the future doesn't look bright? All I can think is that you want people to sell so that you can buy cheaper. Which means I should buy more.
Never go against a Sicilian when DEATH is on the line!!
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bitshares doesn't participate in any of the bitcoin rallies, but falls when bitcoin sells off...
I'm sure there is someone here who can explain to me how bullish that is.
The answer of "The future of bitshares has never looked brighter!" is not valid anymore when describing the price of the bts token.... That saying has been regurgitated thousands of times and the price keeps falling.
Pumps keeping getting smaller...
I bought a pretty sizeable chunk of BTS about a year ago. It was my second month into the Crypto-Blockchain space and nearly every free moment I spent reading, learning about the industry and scouting out opurtunity. Yes, most of my motivation was/is long term speculation, but I do believe in the underlying aim of decentralization. I chose BTS (of many) not because it was a competitor with Bitcoin, but because it was so unique. At the time Open Ledger was simply amazing and nothing like it existed.
I will be the first to admit that I do not know if BTS will ever massively succeed and make my investment worth it, but I do believe it should be judged on different merits than Bitcoin and other "currencies". Currently BTS is not really trying to be a currency but a platform for exchange. I agree it is struggling, but I do not think you should compare it to bitcoin, as it is very different in form and function.
I do enjoy hearing your thoughts on BTS, because I have a financial interest in not being blind to reason and on the whole you have been reasonable.
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What a blood bath today. Who wants to call the bottom?
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I called the bottom already. He did not pick up the phone.
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What a blood bath today. Who wants to call the bottom?
My inaccurate intuitive random number generator prediction is 7.820.000
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What a blood bath today. Who wants to call the bottom?
Doesn't it feel great to experience all the bitcoin sell offs but none of the rallies?
5 million market cap here we come! Maybe buy a little bit there and sell on the pop to lower highs before this dog really sells off.
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at $0.0033 per BTS, the price is about 10% higher than all-time lows of $0.003, from what I can tell. If it drops below that, I think it will be in new (bad) territory.
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We have BitShares Munich working on having a new worker, echo app, stealth and blockpay, Ronny have really cool news aboit apptrade, cents and other news projects he brings to bts, Bitkapital is bringing lots of news users, there is also this new gateway I can't remember the name, the numbers of Tx /day is incresing, Ronny get its new 'simple' GUI interface, Chris4210 has take the "lead" to have some stuff done, we have a new special BitShares hangout, hundreds of messages a day in the telegram channel, steemit users coming to Bitshares to use UIA to build their projects. We can add to that the projects beeing build behind the scenes yhat can pop up anytime.
It looks good to me ! Nobody is crazy enough to sell at these price, much less at 10% lower.
If I could, I would be bying more at this price.
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Despite all the "great" fundamentals and news, this sucker continues to crash to all time lows vs BTC and is about to break the little support it has against the dollar. Even a slight correction in BTC is going to cause bts to plunge. 5 mill market cap here we come...
But I'm not worried because I have been assured by bts bagholders that people would be "crazy" to sell at these prices... I wonder if they will still be considered crazy when they are still selling at 5 million?
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Despite all the "great" fundamentals and news, this sucker continues to crash to all time lows vs BTC and is about to break the little support it has against the dollar. Even a slight correction in BTC is going to cause bts to plunge. 5 mill market cap here we come...
But I'm not worried because I have been assured by bts bagholders that people would be "crazy" to sell at these prices... I wonder if they will still be considered crazy when they are still selling at 5 million?
I don't understand why you keep posting such pessimistic mesages.
Just sell you BTS if you are that convinced that it will plunge to 5M$ MC, no need to spread your lack of faith in this beautiful project.
Keeping a currency you think will go down in value is absurd.
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Despite all the "great" fundamentals and news, this sucker continues to crash to all time lows vs BTC and is about to break the little support it has against the dollar. Even a slight correction in BTC is going to cause bts to plunge. 5 mill market cap here we come...
But I'm not worried because I have been assured by bts bagholders that people would be "crazy" to sell at these prices... I wonder if they will still be considered crazy when they are still selling at 5 million?
I don't understand why you keep posting such pessimistic mesages.
Just sell you BTS if you are that convinced that it will plunge to 5M$ MC, no need to spread your lack of faith in this beautiful project.
Keeping a currency you think will go down in value is absurd.
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Why??? Because its a "bitshares price discussion" thread... You know there are ways to bet against BTS. So I think posting why BTS is crashing and why it will continue to crash is applicable to this thread. Just because I post in this thread doesn't mean I own any BTS, and that goes for many posters on this forum.
Oh I get it... We should only be allowed to post optimistic messages and talk about all the great things that are going on. Maybe we should just ignore that the market is telling you that this coins growth prospects are dim at best. I don't even have to point out that there still hasn't been one business built on bitshares (unless you include all the ICO's that suck liquidity and credibility from the system). But hey, summer is coming up, maybe this is the year that maybe one of Stans "projects" will actually happen... not holding my breath though.
Maybe we should rename this thread to "Tell me why bitshares is going to the moon and how rich i'm going to be and how I'm a visionary that saw how great this thing was going to be before anybody else".
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I just felt that pessimistic prevision on MC doesn't serve any purpose beside maybe scaring some investors in BTS.
BTS price is very important in order to have funds available for development.
I just wanted to point that out.
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It is absolutely fine to post pessimistic crap about BTS. This is on topic and this is a free forum after all.
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But hey, summer is coming up, maybe this is the year that maybe one of Stans "projects" will actually happen... not holding my breath though.
Yup, still waiting for "this summer".....sigh.....
(https://i.imgflip.com/1k4uam.jpg)
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But hey, summer is coming up, maybe this is the year that maybe one of Stans "projects" will actually happen... not holding my breath though.
BTW stan is buying BTS!
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But hey, summer is coming up, maybe this is the year that maybe one of Stans "projects" will actually happen... not holding my breath though.
BTW stan is buying BTS!
That simple fact made my day ! Thanks man, Geneko !
That's a great indicator ! He was well over 10M BTS but still want more ... Let's prepare our spacesuits ...
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Not sure a space suite will be sufficient ..remember .. stan is a former Nasa pioneer who built mars rovers and is not heading for outer space but intergalactic travel!
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Hahaha :')
Intergalactic travel would be cool but the moon with my basic spacesuit is good enough for me ;)
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Bitshares is dead.
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Bitshares is dead.
just like my avatar url
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[BTW stan is buying BTS!
That simple fact made my day ! Thanks man, Geneko !
That's a great indicator ! He was well over 10M BTS but still want more ... Let's prepare our spacesuits ...
Not sure a space suite will be sufficient ..remember .. stan is a former Nasa pioneer who built mars rovers and is not heading for outer space but intergalactic travel!
Stan is good old boy and I like him. To bad he spends less time here with us, then he was in the past. I really enjoy his comments.
Bitshares is dead.
Not quite yet...
One more BTW..It is actually Peerplays crowdfund accepting only BTC, that squeeze rope on the neck to BTS now.
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I've been spending too much time hopping back and forth in my Delorian.
I can't remember exactly when in time I was when I said "this summer."
(https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcR2M1LvoVNdoZ1Bzb7HfSNCJFMKocqRUPL7S0pdFhn7B9qIDHbQfg)
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You made some nondescript and vague reference to something coming "this summer" last May. It was not much and when I finally read the thread ppl kept referencing, I was puzzled at why they made a big deal out of it.
Seem like people project their hopes on to your words.
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One more BTW..It is actually Peerplays crowdfund accepting only BTC, that squeeze rope on the neck to BTS now.
How do you figure?
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You made some nondescript and vague reference to something coming "this summer" last May. It was not much and when I finally read the thread ppl kept referencing, I was puzzled at why they made a big deal out of it.
Seem like people project their hopes on to your words.
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Stan has been trying to pump bitshares for the last 2 summers with these so called "announcements". Last year he was pumping via these "announcements" and video interviews while the rest of the core team like Dan were dumping their shares... borderline illegal, but no one cares enough to seek legal action... yet.
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One more BTW..It is actually Peerplays crowdfund accepting only BTC, that squeeze rope on the neck to BTS now.
How do you figure?
Everybody knows that Peerplays has biggest support among Bitshares community. They consider it as its own project since deminishing of DACPlay.
They are familiar with and trust the team behind project. If a crowdfund is going to become success we know from where majority of crowdfunding is going to come.
In a few days crowdfund starts with a BTC as only investing vehicle. If those facts and assumptions are true, is it going to resolute in
downward price pressure to BTS? Yes, in my opinion.
It is bad timing for all, tricky decision investing vehicle picking and people tired of BTS sinking.
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I think we had plenty of time to buy in PPY in the first crowdfund in he community and also in the DEX.
I think most of BTS holders have already their PPY. Now the money will come from bitcoiners and big investors. We will barely feel something at the price level.
With that said, I would suggest anyone who want to buy PPY to do it in the early days of the ICO, I have a strong feeling that the 5M $ left of PPY will be bought quite rapidly.
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You made some nondescript and vague reference to something coming "this summer" last May. It was not much and when I finally read the thread ppl kept referencing, I was puzzled at why they made a big deal out of it.
Seem like people project their hopes on to your words.
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Precisely why my words are so rare around here any more. :)
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You made some nondescript and vague reference to something coming "this summer" last May. It was not much and when I finally read the thread ppl kept referencing, I was puzzled at why they made a big deal out of it.
Seem like people project their hopes on to your words.
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Precisely why my words are so rare around here any more. :)
Well, an alternative would be to leverage that power to mobilize the community again. That would be my preference, but history is hard to overcome I guess. There is too much good effort already in BTS to watch this community stagnant.
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It you look on Telegram, Steemit, and Mumble... it's no way stagnant.
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It you look on Telegram, Steemit, and Mumble... it's no way stagnant.
There's is a hive of activity going on, It s a shame this isn't perceivable when visiting bitshares.org
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Jonny'N'Stan know what's up; real world value.
When Bitshares hits 90 SAT, I'ma be a multi-fafillionaire. Finally.
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It you look on Telegram, Steemit, and Mumble... it's no way stagnant.
There's is a hive of activity going on, It s a shame this isn't perceivable when visiting bitshares.org
+5%
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Could the drop in BTS price be seen as a prediction that the BTC EFT will not get aproved? If this happens btc price could tank really REALLY hard imo and with it BTS and most alts go down. Someone could sell now at 9-10 millions marketcap in hope that he can buy back hopefully at 5 or even lower IF btc crashes AND IF bts follows this crash.
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Could the drop in BTS price be seen as a prediction that the BTC EFT will not get aproved? If this happens btc price could tank really REALLY hard imo and with it BTS and most alts go down. Someone could sell now at 9-10 millions marketcap in hope that he can buy back hopefully at 5 or even lower IF btc crashes AND IF bts follows this crash.
if you are looking at $-terms .. then BTS has hardly changed much for months ... why would a approval/disapproval change that?
If you look at BTC valuation, then the current low could be seen as a result of the current highs of BTC .. if you were to speculate on the disapproval of BTC's ETH, then buying BTS now would make you end up with more BTC worth of BTS later .. and vise versa
</no investment advice>
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Or ... Stealth down the road will slowly make its way in the minds of investors, they will speculate that bts will rise just like any anonimity coin did before, pour money in and push bts somewhere between 20 and 50M$ MC.
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Could the drop in BTS price be seen as a prediction that the BTC EFT will not get aproved? If this happens btc price could tank really REALLY hard imo and with it BTS and most alts go down. Someone could sell now at 9-10 millions marketcap in hope that he can buy back hopefully at 5 or even lower IF btc crashes AND IF bts follows this crash.
If that was the case, I would expect the majority of alt coins declining. Many have rallied instead. Both BTS and Steem have been underperforming, I'm guessing the price drops are related.
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Just by creating a huge announcement of the Stealth feature implementation marketcap should double.
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Just by creating a huge announcement of the Stealth feature implementation marketcap should double.
I haven't really heard much on that lately; is there any timeframe?
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Just by creating a huge announcement of the Stealth feature implementation marketcap should double.
Doubt this. Many people are sick of announcements which never evolve into something good. It is easy to lose trust with fake promises and difficult to gain it back.
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Just by creating a huge announcement of the Stealth feature implementation marketcap should double.
I haven't really heard much on that lately; is there any timeframe?
I always post weekly updates about BitShares Munich projects here:
https://bitsharestalk.org/index.php/topic,22576.0.html
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Just by creating a huge announcement of the Stealth feature implementation marketcap should double.
I haven't really heard much on that lately; is there any timeframe?
I always post weekly updates about BitShares Munich projects here:
https://bitsharestalk.org/index.php/topic,22576.0.html
Ah, sorry Ken, missed that. Hot damn you're a hotbed of activity! Good stuff man. +5%
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Even BitShares community members don't know what is happenning ... we desperately need this new web site reflecting all the activity we have in here.
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
no one can stop you from doing it
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
no one can stop you from doing it
Just the kind of response that helps nobody. Might as well not have posted. We are a team with a common vision of helping bitshares succeed. One person can not do it alone. We will differ on how the proceed, but we should never dismiss enthusiasm.
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
Find me a cryptocurrency that isn't diluting its supply FAR more than bitshares is. In fact, the only Bitshares dilution is witness pay and the somewhat minimally used worker proposal system. Witness pay is tiny compared to the dilution of, for example, Bitcoin. So that cost can easily be more than offset by fees as we gain traction. That's kind of the beauty of delegated proof of stake in case you weren't aware of that. As for worker proposals, are you saying no development should be done at this stage?
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
Find me a cryptocurrency that isn't diluting its supply FAR more than bitshares is. In fact, the only Bitshares dilution is witness pay and the somewhat minimally used worker proposal system. Witness pay is tiny compared to the dilution of, for example, Bitcoin. So that cost can easily be more than offset by fees as we gain traction. That's kind of the beauty of delegated proof of stake in case you weren't aware of that. As for worker proposals, are you saying no development should be done at this stage?
I agree. Dilution isn't the problem at this point in time. (Even the end of the merger vesting period didn't change much.) What we need is active development and a fresh perspective. To outsiders BitShares just looks dead, that's the problem. In the beginning it felt like we had a head start to everyone else but by now competition has evolved more than BTS did.
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@fav if I knew how I would have done so
@mr-whitekey don't talk to me about enthusiasms. I am here way before you, I have shared the enthusiasm of all kind of stupid deals here,I even sold my car a couple o years ago when bts market cap was at 20mil because of my enthusiasm to buy more..
@tbone . NEM is not diluting is fixed supply and is at 85 mil market cap.the same market cap that bts had before changing the supply rules. And yes I think that if there is to be any further development it should not be in the form of worker proposals who receive lots of pay and do not either bother to update the community of what they do on a weekly basis. No one is updating here of what they do on a weekly basis (@xeroc @svk @vikram). Only @kenCode updates us of his development and he is not getting paid by bts worker proposal but from blockpay token. I would prefer if all devs were paid in the form of their token.in the end of the day if you want bts to succeed everyone should help and do what he knows to do without requesting payment.We thought that this does not make sense,that bts workers will attract a lot of devs,that bts will not stay behind competition and none of these happened... All in all I think someone should fork and create bts3 in fixed supply and sharedrop.
@Frodo I agree with you that dilution is not a problem but we need a new perspective. Deflationary token that the supply is always decreased and devs that are willing to do the extra mile without payment.their work will be rewarded by holding the token they support with their dev work. Also we definitely need that new website. Forget about bts1 is history...
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
this is a fantastic idea. if this happens it would also be a chance to try out tonyk style tokens, with BTS that stays on the BTS exchange.
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@kenCode is the last chance of bts to succeed together with a coordinated marketing. And more specifically stealth IMHO..if that fails then..
By the way. Seeing bts bleeding and bleeding I am starting to think that maybe someone should fork bts,go back to fixed supply of 2billion which is reduced constantly by burning supply from fees.essentially go back to bts1 but rename it bts3 and sharedrop to bts holders excluding exchanges and let the market decide of that value. apparently cryptoinvestors want deflationary tokens not inflationary and this should be obvious to everyone in this community after 3 years of bleeding. What do u guys think?
I like this idea.
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Well I don't know about you guys but I just bought another million bts. 8)
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Well I don't know about you guys but I just bought another million bts. 8)
Sorry.
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It's remarkable how stable BTS is to the USD, instead of tracking bitcoin's price, which most cryptos follow instead. Any thoughts on that?
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It's remarkable how stable BTS is to the USD, instead of tracking bitcoin's price, which most cryptos follow instead. Any thoughts on that?
I don't know if it really that odd, most coins are not moving vs the USD. This just shows that fiat is flowing into bitcoin and not moving to any alts other than ethereum and Dash.
There have been some coins massively under performing though... Steem being one of them. Worst performance of any coin over the last week. What a round trip this coin made over the last year. All those people that bought this coin after 5 dbags did a video review of it with Dan and Ned have been totally wrecked.
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BitShares didn't even pump now, when every single alt on Polo did.
Whoever is buying it now, it better be because they are cool with it and don't care about the price, otherwise you're probably going to regret it. Yes, USD is stable but small alts are traded against BTC, USD price doesn't matter imo.
Charts have no structure, there's no bottom, no support levels. As long as it doesn't have one, it's extremely risky to hold and most likely it will go down. The only thing one can do is hope it will randomly pump. Hoping makes you lose money.
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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.
At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"
I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up. We are getting there.
There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.
The new website should help a great deal if it reflects the activity both in the community and in the dex.
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Just bought more BitShares!
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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.
At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"
I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up. We are getting there.
There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.
The new website should help a great deal if it reflects the activity both in the community and in the dex.
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+5%
What new website?
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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.
At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"
I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up. We are getting there.
There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.
The new website should help a great deal if it reflects the activity both in the community and in the dex.
Sent from my SM-G935F using Tapatalk
+5%
What new website?
Bitshares.org, Chris4210 is working on revamping the whole thing. It moves slowly thought, I guess he has a lot of work between all the projects they have at bts Munich.
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Just bought more BitShares!
Bitshares to the fucking moooon!!!!
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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.
At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"
I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up. We are getting there.
There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.
The new website should help a great deal if it reflects the activity both in the community and in the dex.
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That's what people have been saying since the merger. Yet anyone who held all this time got rekt.
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The bottom es around 10M$ MC. It's not very risky to buy around these low prices because we never went much lower.
At the contrary, the value in term of $ is very important. BTC grew 500% lately, you can't compare something to a super volatile currency. It would be like saying "damn, the price of milk went 500% cheaper in $ in my country ... look at BTC"
I don't think ppl here are waiting a random pump. They see a huge potential and low prices, they buy and wait for the giant to wake up. We are getting there.
There is every day more and more projects, activity and trading in this community. That can't go unoticed forever.
The new website should help a great deal if it reflects the activity both in the community and in the dex.
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That's what people have been saying since the merger. Yet anyone who held all this time got rekt.
It doesn't change the facts.
These crypto markets are not rationals. Does ETH deserve 300x the BTS market cap ? Surely not but here they are at 3 billions !
Invest in bts is not a bad move because you lose money. Just like it's won't became a good move when you'll win money. The result is out of your control. The quality of the move depend when you take the decision to buy or sell, not the good/bad luck related to your decision.
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Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private. :P)
With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.
It's gonna be a good summer lads.
:D
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Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private. :P)
With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.
It's gonna be a good summer lads.
:D
(https://i.imgflip.com/1lnc34.jpg)
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Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private. :P)
With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.
It's gonna be a good summer lads.
:D
(https://i.imgflip.com/1lnc34.jpg)
(https://i.ytimg.com/vi/oSs6DcA6dFI/hqdefault.jpg)
https://www.youtube.com/watch?v=oSs6DcA6dFI (https://www.youtube.com/watch?v=oSs6DcA6dFI)
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Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private. :P)
With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.
It's gonna be a good summer lads.
:D
(https://i.imgflip.com/1lnc34.jpg)
(https://i.ytimg.com/vi/oSs6DcA6dFI/hqdefault.jpg)
https://www.youtube.com/watch?v=oSs6DcA6dFI (https://www.youtube.com/watch?v=oSs6DcA6dFI)
Nice! Too bad I just sold 75% of my stake 5 days ago. Mainly due to lack of any clear direction and leadership, but also because the DEX can not trade other major coins without the same risk as centralized exchanges.
If we fix that then I am all in again.
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Stan's buying again!! 2.25 million more shares just yesterday. (Side note: can't wait for Stealth, when all this activity can be completely private. :P)
With Stan buying, Stealth coming soon, the awesome power of the 3,300 TX/S stress test, and the recent rumblings around Dan's STEEM departure...I'm feeling pretty damn bullish right about now.
It's gonna be a good summer lads.
:D
(https://i.imgflip.com/1lnc34.jpg)
(https://i.ytimg.com/vi/oSs6DcA6dFI/hqdefault.jpg)
https://www.youtube.com/watch?v=oSs6DcA6dFI (https://www.youtube.com/watch?v=oSs6DcA6dFI)
Nice! Too bad I just sold 75% of my stake 5 days ago. Mainly due to lack of any clear direction and leadership, but also because the DEX can not trade other major coins without the same risk as centralized exchanges.
If we fix that then I am all in again.
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There's almost zero counterparty risk with trading bitAssets.
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Would you explain that? My understanding was that it is the same as any centralized exchanges for not bitshares assets, like Bitcoin.
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The key difference lies in whether you are trading a UIA(user issued asset, open.btc, trade.btc, etc) or a (MPA market pegged asset/smartcoin, bitUSD, bitBTC, bitCNY). UIAs would carry similar counterparty risk to a normal exchange, however the MPAs are backed by on chain collateral and are thusnot subject to that risk. Depending on the market, you could have similar counterparty risk if it is UIA:UIA, half the risk(UIA:MPA) or none of the risk (MPA:MPA).
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The key difference lies in whether you are trading a UIA(user issued asset, open.btc, trade.btc, etc) or a (MPA market pegged asset/smartcoin, bitUSD, bitBTC, bitCNY). UIAs would carry similar counterparty risk to a normal exchange, however the MPAs are backed by on chain collateral and are thusnot subject to that risk. Depending on the market, you could have similar counterparty risk if it is UIA:UIA, half the risk(UIA:MPA) or none of the risk (MPA:MPA).
Correct. That is how I understand it also. I glanced over where methodise said "bitassets". I was talking about the risk involved bin trading other blockchains on our "DEX".
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The key difference lies in whether you are trading a UIA(user issued asset, open.btc, trade.btc, etc) or a (MPA market pegged asset/smartcoin, bitUSD, bitBTC, bitCNY). UIAs would carry similar counterparty risk to a normal exchange, however the MPAs are backed by on chain collateral and are thusnot subject to that risk. Depending on the market, you could have similar counterparty risk if it is UIA:UIA, half the risk(UIA:MPA) or none of the risk (MPA:MPA).
Correct. That is how I understand it also. I glanced over where methodise said "bitassets". I was talking about the risk involved bin trading other blockchains on our "DEX".
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My understanding is that when other coins are traded on the DEX, they will be traded against a market-pegged-asset that trades at parity (+premium) to the value of the target-cryptocurrency in bitshares.
The same way bitUSD works.
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Finally BTS is joining the Alt coin pumps... $0.070 has been resistance for the last year. If it can clear and hold above that, there is a good chance the bear market is over.
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them, while BTS is only up 7 mil. Once the alt coin pump is over, how well BTS holds up will show if the bear market is done. If bts breaks $0.070 but fail to hold above for more than a few days, BTS will probably test the lows again.
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Finally BTS is joining the Alt coin pumps... $0.070 has been resistance for the last year. If it can clear and hold above that, there is a good chance the bear market is over.
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them, while BTS is only up 7 mil. Once the alt coin pump is over, how well BTS holds up will show if the bear market is done. If bts breaks $0.070 but fail to hold above for more than a few days, BTS will probably test the lows again.
You need to think bigger, Pinky. Welcome fiat being pumped into any crypto right now. It is only a few seconds away from BTS...
:)
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I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
Someone had the same sentiments as you did about Peercoin about 6 months ago for instance, they dumped all their holdings at 29 cents. 6 months later the price is now 65 cents today (we had highs of 72 cents). What a terrible move for that skeptic we had there..
Being skeptical is your right. However I find a lot of skeptical people try to rally others in a subtle way to validate their skeptisim.
Either you believe in the platform, or you don't. The daily trading price matters very little unless you think you're at the end of the line.
Bitshares hasn't even be utilized and explored yet to its fullest. Stan knows Bytemaster very well (as you may know) and he knows where this could possibly go. Unless Stan dumps his holdings, I'm not dumping any of mine. :)
By the way, you did get something right:
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
That's all I see. One big pump. Most of us know what follows a huge pump too...
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently? It's all pumped up speculation with very little substance in my opinion.
I am skeptical since BTS isn't really outperforming many currencies.
When you say "outperforming", do you mean transactions per second? stability of the chain? featureset? design? future direction?
Or do you simply mean "price". :o
If it's sheer trading price that makes you choose the best place to invest your money, you're going to get let down a lot in crypto. Just a friendly tip.
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I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
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I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
@kenCode you are doing an amazing job. So do not take what I am about to say in the wrong way. Personally I know a lot of people who own hotels, bar restaurants, other shops that will and want to accept crypto in Greece. Obviously I will show them blockpay but I am hesitant at this time to do so because this is not yet final. Once stealth is in place, tested, everything works perfectly and there will be no need for further updates I can assure you that you will suddenly start see lots of transactions coming from Greece..I do not want to show them a product and a month later they will need to download and update a new version and then another and then another..I will show them the final product that will dazzle them.. When presenting a product like that to a very large hotel with bar - restaurant with 1,000nds daily transactions you only get one chance. If they see something that they don't like, there is a bug or anything else..that's it..you have lost them forever..You get one chance only. So keep doing what you do, do not lose faith and you will see the rewards of your work eventually..
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I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
@kenCode you are doing an amazing job. So do not take what I am about to say in the wrong way. Personally I know a lot of people who own hotels, bar restaurants, other shops that will and want to accept crypto in Greece. Obviously I will show them blockpay but I am hesitant at this time to do so because this is not yet final. Once stealth is in place, tested, everything works perfectly and there will be no need for further updates I can assure you that you will suddenly start see lots of transactions coming from Greece..I do not want to show them a product and a month later they will need to download and update a new version and then another and then another..I will show them the final product that will dazzle them.. When presenting a product like that to a very large hotel with bar - restaurant with 1,000nds daily transactions you only get one chance. If they see something that they don't like, there is a bug or anything else..that's it..you have lost them forever..You get one chance only. So keep doing what you do, do not lose faith and you will see the rewards of your work eventually..
Maybe something we all can do is to get a group of crypto-enthusiast together in our local areas, contact that establishment beforehand and tell them that your 10 to 15+ people will only reserve if they except crypto currency and use blockpay... it will most likely have to be a locally owned store.
Sent from my XT1254 using Tapatalk
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Full disclosure: I am a Dash fan, have profited from it's meteoric rise in marketcap and like the way the project is run. They have a plan and a simple and reasonable governance model. THAT SAID, I must also confess I'm learning a lot about the details of Dash Amanda won't tell you about in Dash Detailed. The shady origins of Dash's early days. The premine, the coinjoin algorithm at the heart of Dash's "privacy". Of course a major weakness with Dash is that it's based on Bitcoin. A smart business move to get Dash off the ground but not a very good long term strategy.
I don't own much Dash. I sold 40% of my holdings when the price got over $110. After the research I have done this morning (this for starters (https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae#.mlyhxi5sb)) I will likely sell more, but I will not sell it all. My thought was to sell high, wait for the almost certain dip and buy more at a lower price. I am more bearish on buying back in later. I have made a 150% profit and I still own 60% of my original Dash holding. If the price drops below $80 I will sell at least another 10 Dash of my remaining holdings to increase my profit to over 250% from my original investment.
All the info coming to my awareness now makes me feel lucky I didn't loose in this investment. I'm less a fan of Dash now, but still believe it has some merit, if nothing else through the governance model Dash brings to the table via it's Masternodes. Understanding Dash's Masternodes is crucial. How many are independent (i.e. how many Masternodes are run or controlled by Duffield or Dash insiders, i.e. are centralized?) and how many keep logs that could render the coinjoin "privacy" traceable and ineffective? As for the premine, underlying principles and motivation of the founders I'm now more skeptical.
So keep up the work @kenCode and when you're ready to announce stealth in BitShares with an easy to use UI and a UX even grandma can handle we'll blast Dash away with solid substance of true privacy and ease of use.
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
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I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them
It's not even logical for ETH and DASH to have that much of a pump considering how those technologies are being utilized in the real world. Tell me, how many times have you used Dash and ETH in your daily life recently?
Exactly. There's lots of hype about why a coin is getting all the market cap, but the fact is, unless the general public starts regularly using that coin for something, then it's just a speculators playground for now.
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far. If you want to actually use your favorite coin at a store, then people need to get off ass and go show BlockPay to that merchant. It's as easy as that. Just install it on a tablet, and show the merchant that with BlockPay, they can accept one or more digital currencies at zero cost. It's another path to profits. wtf
Dash is doing a great job and their community is starting to talk about BlockPay as well. What about the Ethereum and Bitcoin communities? No, they seem to have that arrogant "we will be the one chain to rule them all mentality". That ego will be their demise, I assure you.
If you want real adoption of your chain, then you should really take a look at BlockPay imo. Man, I am integrating BlockPay with everything now.. Card swipe machines, vending machines, various cash register systems, TV's, even IoT devices.
Pump-n-dumps might be fun for speculators, but the real world needs ways to use your coin.
BlockPay. Stealth. C-IPFS/meshnet. Echo.
@kenCode you are doing an amazing job. So do not take what I am about to say in the wrong way. Personally I know a lot of people who own hotels, bar restaurants, other shops that will and want to accept crypto in Greece. Obviously I will show them blockpay but I am hesitant at this time to do so because this is not yet final. Once stealth is in place, tested, everything works perfectly and there will be no need for further updates I can assure you that you will suddenly start see lots of transactions coming from Greece..I do not want to show them a product and a month later they will need to download and update a new version and then another and then another..I will show them the final product that will dazzle them.. When presenting a product like that to a very large hotel with bar - restaurant with 1,000nds daily transactions you only get one chance. If they see something that they don't like, there is a bug or anything else..that's it..you have lost them forever..You get one chance only. So keep doing what you do, do not lose faith and you will see the rewards of your work eventually..
Maybe something we all can do is to get a group of crypto-enthusiast together in our local areas, contact that establishment beforehand and tell them that your 10 to 15+ people will only reserve if they except crypto currency and use blockpay... it will most likely have to be a locally owned store.
Sent from my XT1254 using Tapatalk
Fantastic Idea!
You could take it a step further, and have the crypto-enthusiast/investors voluntarily collaborate to provide a fund of bitUSD that is used to give a discount to average-jo's who demand that their local restaurant use BlockPay and accept bitUSD.
Example:
BitShareholders A, B ,C...Z discover that they would each donate a small sum of bitUSD if it would benefit the BTS ecosystem. The value of their remaining bitshares could/(or not) increase by more than the philanthropic act costs them.
They each decide that they are happy to provide $10 each.
With their $50, they decide they would like to ensure that at least 3 new business will accept BlockPay as a result of their $50 investment.
That is $16.60 per guaranteed-signup. These are example figures.
$16.60 could provide a 20% discount on an $83 tab. Lets say that's a meal for 5.
Who spends a lot of time on the internet researching ways to save money and feed a family?
Mums.
You hit up mumsnet and mothering forums and tell them that you are willing to pay for 20% of the bill for them to take their family out to dinner.
The 20% of the bill will be paid in bitUSD directly to the restaurant. The mum doesn't need to handle bitUSD. They can if they want, but we shouldn't require it, as it could come off scammy.
Mum goes to the restaurant/bar/boutique shop/local healthfood store with a flyer/newsletter that describes how the merchant can download, install and integrate. These must be locally owned small businesses, with the owner-operator on hand to listen and understand the situation. Hopefully setting up BlockPay can be done in under 5mins. How much of the owners time is worth an extra 5-seat booking?
Ideally the mum could explain the deal to the merchant, and how they can still receive bankfiat, as quickly as possible. Can the merchant install and accept bitUSD right away? Will the mum need to go there the day before the meal to leave enough time for setup?
The business owners do not need to care about bitUSD, or understand it.
They understand that installing this app and linking it to their bank account means they get extra business or an extra fat tip.
This is about laying the groundwork for bitUSD acceptance in as many places as possible.
==================/EXAMPLE
In its most basic form this relies on the crypto-investors being awake and available at the same time that the mum pays for her meal.
Feasible but not ideal.
The crypto-investors could instead set up some kind of smartcoin or UIA that performs the function of paying out the $16.60 to new-merchants only.
Could blockpay issue some kind of unique identifier that only brand-new accounts display? I'm wondering if there is a way that a new-merchant could prove that they have indeed installed BlockPay for the first time. But prove it to a Smartcoin algorithm that determines when to pay out the $16.60.
Is this possible in any way?
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man @Thom that Medium article that you linked to on Dash is crazy. No privacy, massive premine, weird hybrid pow.. poor Amanda really took some heat too. damn
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@kenCode
Maybe you should open new topic and collect some ideas about blockpay acceptance.
I might have few ideas too but I don't think it would be appropriate to spam this thread.
Anyway here is one of them. Think about life time value of client. How much would you collect from average client during his lifetime.
Lifetime of client is average period of time that client spends with your service before switch to better/supplement service.
Take some cut from that income and give it in what ever form of incentive for new client. Take best client characteristics and make
some benchmark for client qualification. Those could be corner coffee shops in university areas, freelance job places, shopping molls fast food restaurants, ATM operators... Only those that qualify could be considered clients. Give this incentive to marketing guys, ambassadors (suppose you already have), crypto enthusiasts, moms, clients itself, who ever knows how to sell the client.
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THAT SAID, I must also confess I'm learning a lot about the details of Dash Amanda won't tell you about in Dash Detailed. The shady origins of Dash's early days. The premine, the coinjoin algorithm at the heart of Dash's "privacy". Of course a major weakness with Dash is that it's based on Bitcoin. A smart business move to get Dash off the ground but not a very good long term strategy.
Actually Amanda has OFTEN talked about this in Dash Detailed and these facts have all been in the public domain for years.
Far from being "shady" Dash's origins are just about the most discussed phenomenon in crypto after the identity of Satoshi Nakamoto so I can only assume you've been hiding under a rock during that time.
In addition to that, it's now one of the best distributed cryptos around, partly because it's 3 years old and partly because it's now had 4 major pumps and selloffs during which potential 'exiters' have done plenty of profit taking. The founder is thought to hold around 3% of the coins supply at most. Triple or quadruple that if you like and he's still outnumbered many times in terms of node voting.
Regarding "privacy", lets just examine that for a moment. Dash has very definite and well defined monetary model. That is that it is a deflationary base asset bearer token modelled after a mined commodity just like bitcoin. Being unbacked, it does not use encryption as this would obfuscate the blockchain and detract from its symmetric transparency. (I use the word 'symmetric' to mean that the same blockchain attributes are visible to everyone regardless of whether they are a keyholder or not, as opposed to an encrypted blockchain where the sender has one view and the receiver another).
Against this background, Dash uses a mixing algorithm to erase transaction history. In other words its privacy algo is modelled on cash which consolidates in a cash drawer and is then dispersed in different denominations than it arrived.
There is nothing deficient about this approach and in fact it's the optimal privacy algorithm for a cryptocurrency which is maximising value and authenticity since it doesn't need recourse to any 'hiding'. In addition to this the theoretical chance of tracing a particular anonymised balance back to its sources is negligible.
There has been a lot of nonsense written about Dash over the years, most of it by people with axes to grind. People should do their own research - as I did when I invested. If they don't like the instamine, no problem - invest in something else. But it's pre-history and the biggest holders at in the early days were buyers not miners.
See this for more debunking: https://www.youtube.com/watch?v=mzqGf_ak_2I
Sorry for the off-topic post. Believe it or not, I am a Bitshares holder going back years and am a great fan of Bitshares. I came back here to find out what's going on with this project but the first thing I read is posts about Dash which I'm sick of debunking. I'd appreciate if someone could spent as much effort filling me in on Bitshares as I have to do debunking nonsense about Dash.
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The founder is thought to hold around 3% of the coins supply at most. Triple or quadruple that if you like and he's still outnumbered many times in terms of node voting.
No one really knows how much of the premine he has, spread among multiple wallets.
I suspect the founder, with the premine, is manipulating the market, and taking everyone for a ride by buying/selling to himself. The pump is just a little too crazy.
People seem to get blinded quite easiliy as long as they are riding a rocket. However when that rocket runs out of fuel, or the game is over, watch out.
Remember we discussed this March 2017. I suspect by March 2020 Dash will no longer be in the top 10.
Probably because they'll just undergo a name change again. How many name changes would that be for Dash? 4?
The only reason we're even talking about Dash, is because someone insisted that we follow Dash's pump. Well if I can premine a whole bunch of BTS and trade them on the market for myself, I could raise the value of BTS just as high as dash, and mislead coinmarketcap.com.
Once I pump it up nice and fat, and high, I'd wait for the buy orders to accumulate (much like people are doing with Dash right now) and I'd dump the whole thing on them.
Problem is I'm not evil. Bitshares isn't evil. Dash's initial founder = definitely evil. I'd run from anything that guy touched.
Here's a former "DASHaholic" and his words:
https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversify (https://steemit.com/cryptocurrency/@thedashguy/warning-why-i-don-t-trust-the-price-of-dash-nor-the-community-be-careful-folks-invest-wisely-diversify)
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Bitshares isn't evil. Dash's initial founder = definitely evil.
No. I'm afraid not.
If you really want to couch in such tribal terms, Bitshares is a good 20 to 50 times more evil than Dash.
I spent a whole year pumping Bitshares around forums, extolling the virtues of a beautifully designed, market driven peg which served as an axis between two mutually exclusive monetary requirements - price stability and store of value.
I bought BTS at about every price level going assuming it was going to succeed. Next thing I knew its founder turned up in @steem (I'm afraid I'm not familiar enough with the background to make any judgement about that). The whole time, all it did was loose, loose, loose value.
Meanwhile, my Dash investments grew, the founder stuck with the project, made good design decisions, good marketing decisions, hired good team members and made good delivery commitments. The coin did well in markets - just take a look at its 21-week EMA over 3 years. Barely a dip and now it's breaking out due to the reputation they've got for delivering on roadmaps.
If you want to use the word "evil" without making yourself look ridiculous, save it for the trolls who deprived investors of a sound lead or conned noob shorters into being skinned alive in markets - some of them out of their entire life savings - because they drank the "it's a scam" coolaid.
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I bought BTS at about every price level going assuming it was going to succeed. Next thing I knew its founder turned up in @steem (I'm afraid I'm not familiar enough with the background to make any judgement about that). The whole time, all it did was loose, loose, loose value.
It is succeeding, the product is built. It works. Now it's simply a matter of attracting more business to start using it. Stan's is already on that, and any of us can do that too if we like...
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It is succeeding, the product is built. It works. Now it's simply a matter of attracting more business to start using it. Stan's is already on that, and any of us can do that too if we like...
Many thanks. Glad to hear it !
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This slight pump might be the first sign of reversal of a 2 year long downtrend. Which means upwards potential should be pretty big. I might get in with a small amount
https://www.tradingview.com/chart/BTSBTC/NoBD0Rld-BitShares-breaking-out-of-2-year-long-down-trend/
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Why was there a two year downtrend in the first place?
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Why was there a two year downtrend in the first place?
My GUESS is that 2(?) years ago when the BitShares whitepaper/solid-project-info was released a large number of investors wanted to buy at the same time. 'Innovators' who see the potential in BitShares and wanted to get in on the ground floor.
A high-density of purchases at the same time pushes the price up. There are more buyers than there are sellers.
Traders then latch-on to the price rise, and scrape their profit off the general trend, giving the smaller price swings up/down.
Then after a few weeks/months all of the 'innovator types' that would be satisfied to invest on just documentation and an early stage product alone have finished buying.
Thus the price gradually decreases, with price swings on the way, caused by traders.
Since then, much of the work has been behind the scenes. If you didn't believe in the future success of bts 2 years ago, there hasn't been 'that much' of a reason to change your mind. It's all still technological developments rather than use-case development. Grandma's aren't using it, the liquidity is low, it's not the best exchange you could be using to trade. You can (currently) get better liquidity and higher margin at centralized exchanges.
The one aspect that bitshares DOES offer right now, is the ability to trade on an exchange trusting solely private/public key cryptography. Security. You can't get GOX'd.
How many average people are both 1) Interested in trading on a financial exchange?
2) Understand priv/pubkey technolology 3) Have spare time and cash to fiddle around with bitshares figuring out how to use it.
? I'd say not very many at all
BUT, there are lots of TRADERS who do have all those 3 things. Crypto-traders who currently rely on centralized exchanges. Why should they go through all the steps to switch to BitShares, only to find that there is far lower liquidity?
Why would a $20k poloniex trader move to bitshares to struggle to trade $100's at a time?
I believe that a 2 year downtrend might be coming to an end because the volume on the DEX has been increasing a lot recently. I think due to btsbots. Allowing bts investors to "make the market" on the DEX. Which adds liquidity and makes bitshares more attractive to crypto-traders.
Price up 2 years ago: early innovators who see potential
Price up today: crypto-traders are attracted by the rise in volume on the DEX
MY OPINION AND NOTHING MORE
:)
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Why was there a two year downtrend in the first place?
The one aspect that bitshares DOES offer right now, is the ability to trade on an exchange trusting solely private/public key cryptography. Security. You can't get GOX'd.
We can not "get GOX'd", if and only if, we trade BTS, or another token on the BTS blockchain.
Anyone who wants to trade BTC, Eth, Dash, or any other alt on the Bitshares Dex CAN "get GOX'd". Trading a market pegged asset of BTC is also more risky.
Our exchange needs to address this issue if we expect to grow. We offer no compelling reason for a Bitcoin trader to use our DEX.
I am still new and speak only based on what I have read and heard, if I am wrong please let me know.
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More and more this is looking like another failed bounce... Shit ton of money came into alt coins and BTS benefited from that pump. Unfortunately bitshares has fallen to 33 overall on CMC.... lower than before the pump.
I will reiterate my point that the ICO's that are being done on bitshares are seriously retarding any ability for bts to gain traction to the upside. They put so much sell pressure on bts and suck so much liquidity out of the system. There simply isn't enough liquidity being provided by a few dozen traders running bots to support multiple 7 figure ICO's. I know there is no way to change it now, but until BTS can regulate the amount of ICO's it allows, this sell pressure will be constant.
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More and more this is looking like another failed bounce... Shit ton of money came into alt coins and BTS benefited from that pump. Unfortunately bitshares has fallen to 33 overall on CMC.... lower than before the pump.
It's rank in terms of market cap is not a good measure. Relative to other highly volital speculative "assets".
Your criquites best rest on its market cap in terms of dollars, a strong and stable fiat currency.
But, yes I understand your point based on the performance of other blockchain projects.
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I will reiterate my point that the ICO's that are being done on bitshares are seriously retarding any ability for bts to gain traction to the upside. They put so much sell pressure on bts and suck so much liquidity out of the system. There simply isn't enough liquidity being provided by a few dozen traders running bots to support multiple 7 figure ICO's. I know there is no way to change it now, but until BTS can regulate the amount of ICO's it allows, this sell pressure will be constant.
Had not considered that. Thanks.
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I will reiterate my point that the ICO's that are being done on bitshares are seriously retarding any ability for bts to gain traction to the upside. They put so much sell pressure on bts and suck so much liquidity out of the system. There simply isn't enough liquidity being provided by a few dozen traders running bots to support multiple 7 figure ICO's. I know there is no way to change it now, but until BTS can regulate the amount of ICO's it allows, this sell pressure will be constant.
Had not considered that. Thanks.
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Could you explain this in simple terms?
Do you mean that ICO investors are cashing-out of the ecosystem constantly?
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I will reiterate my point that the ICO's that are being done on bitshares are seriously retarding any ability for bts to gain traction to the upside. They put so much sell pressure on bts and suck so much liquidity out of the system. There simply isn't enough liquidity being provided by a few dozen traders running bots to support multiple 7 figure ICO's. I know there is no way to change it now, but until BTS can regulate the amount of ICO's it allows, this sell pressure will be constant.
Had not considered that. Thanks.
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Could you explain this in simple terms?
Do you mean that ICO investors are cashing-out of the ecosystem constantly?
Yes... I've explained it a few times, so I'm just going to post a quote from a little while ago.
Sorry, but your explanation lacks an independent first reason that is not the same reason BTS would go down without the UIA tokens as well.
Lets try this again...
1. A third party creates a UIA in the BTS Ecosystem.... Lets call it SCAM.UIA
2. Third party promotes SCAM.UIA, saying it the key to decentralized, deregulated, liberty for all, fortunes
3. In order to get in on this wonderful investment, you need to send DOLLLARS or BITCOIN to this third party
4. The third party then sends you a whole bunch of shiny new SCAM.UIA tokens
So lets review what has happened so far. The scammer has created a token out of thin air and sold it to you for real currency or bitcoin. You are hoping that he will take that money and create something wonderfully profitable and then distribute the money back to you via buy back or dividends.
Unfortunately....
5. Once the SCAM.UIA tokens are distributed, all the investors are locked into the BTS ecosystem.
6. All these investors have lots of initial "paper" wealth. But SCAM.UIA's trading book is extremely thin.
7. Some of the original SCAM.UIA buyers wanted to sell on the first pop, but the books are too thin
8. The books are too thin because there is not enough BTS holders, who were not involved in SCAM.UIA's ICO, willing to buy SCAM.UIA on the open market
9. Original investors start selling SCAM.UIA because there was no initial pop and barely any buy orders on the books.
10. All of a sudden the trading book for SCAM.UIA is loaded with sells with hardly any buy orders.
11. This leads to steady sell pressure on SCAM.UIA. Many of these investors who are selling SCAM.UIA have no interest of being in the BTS ecosystem, holding BTS, or using the DEX.
12. What are these uninterested investors who just received BTS for their SCAM.UIA going to do??? That's right! SELL THEIR NEWLY ACQUIRED BTS!
13. What do they sell it for??? bitcoin, ethereum, or fiat.
14. What does selling BTS for fiat do to the price of BTS?? Causes it to decline.
These 14 steps have happened with the majority of the UIA's issued on the BTS platform. Unless a UIA creator starts making a profit and buys back bts on the open market with his fiat profit, he has in essence taken energy out of the system. The UIA creators, especially the big ones that raise a ton of money, put an incredible amount of stress on the tiny amount of traders who use the DEX. If the UIA is going to stay profitable the DEX traders need to provide buy support. Problem is there is not enough traders with excess capital to provide this support.
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Thanks very much :)
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1. A third party creates a UIA in the BTS Ecosystem.... Lets call it SCAM.UIA
So lets review what has happened so far. The scammer has created a token out of thin air and sold it to you for real currency or bitcoin. You are hoping that he will take that money and create something wonderfully profitable and then distribute the money back to you via buy back or dividends.
Unfortunately....
12. What are these uninterested investors who just received BTS for their SCAM.UIA going to do??? That's right! SELL THEIR NEWLY ACQUIRED BTS!
We need to propose some possible solutions to this madness.. Any ideas?
ICO's in general, totally kill crypto, not just on the Bitshares, DEX but everywhere. "Buy this, and I promise that later" rarely ever works out for the early investor.
When I see an ICO now, I cringe.
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We need to propose some possible solutions to this madness.. Any ideas?
That could be easily solved.
Any icoo that is issued on dex mast collect funds thru DEX.
The account used must be multisig with milestones attached for gradual releasing funds.
That would provide transparency of project development and provide guaranties funds would be spend as intended.
In case project fail in any way all remained funds would be send back proportionally to initial investors and UIA added prefix abandoned or ex.
Reasoning behind this is that it wouldn't be appropriate to restrict such UIAs. But it is our duty to take care of designing icoo feature that has community support. We should provide guidance how official icoo should look like. All other UIAs should be considered shitUIAs until prove otherwise and the one should approach it as such. We could also add some comments in GUI such as official - followed by explanation and free(shit) - followed by explanation, in case someone want to buy. These explanation should be also added in tutorial page.
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The problem has nothing to do with these ICOs. If BTS could blame its falling market cap on ICOs then Bitcoin and Ethereum would also be experiencing the same phenomena. How many ICOs are denominated in Bitcoin or Eth! The reality is more ppl want those projects than want Bitshares. We have not sold our product to the masses well enough or they see something that we do not. Likely it is both. Bitcoin was able to market itself as a decentralized payment network because it was number one. There are only so many hard money/deflationary money folk in this world and bitcoin got to them first. They are now brand loyal and where they do branch out they do so into "privacy coins". They are not worried about 3sec transactions, bitshares' main working attraction. Remember they are hoarders, they want bitcoin mainly for ideology, but also to "make money" speculating. The next group of people that demand cryptos are the ones whom need it for illicit use. Again, BTS has not met this need and they go elsewhere for their cloaked/privacy transactions. Even if we implement it soon, will we have missed the boat again? The market is letting us know that we have not met its need enough to overcome prior inertia.
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The problem has nothing to do with these ICOs. If BTS could blame its falling market cap on ICOs then Bitcoin and Ethereum would also be experiencing the same phenomena. How many ICOs are denominated in Bitcoin or Eth! The reality is more ppl want those projects than want Bitshares. We have not sold our product to the masses well enough or they see something that we do not. Likely it is both. Bitcoin was able to market itself as a decentralized payment network because it was number one. There are only so many hard money/deflationary money folk in this world and bitcoin got to them first. They are now brand loyal and where they do branch out they do so into "privacy coins". They are not worried about 3sec transactions, bitshares' main working attraction. Remember they are hoarders, they want bitcoin mainly for ideology, but also to "make money" speculating. The next group of people that demand cryptos are the ones whom need it for illicit use. Again, BTS has not met this need and they go elsewhere for their cloaked/privacy transactions. Even if we implement it soon, will we have missed the boat again? The market is letting us know that we have not met its need enough to overcome prior inertia.
The problem is the ICO's... Ethereum and Bitcoin are both much deeper markets than BTS and can handle the ICO's. There is no where near enough liquidity on the DEX to handle all the sell pressure.
What you are missing with the projects that raised money in BTC or ETH is that the investors had to enter the BTC or ETH ecosystem by purchasing BTC or ETH with fiat. Bitshares UIA investors do not have to enter the BTS ecosystem in order to invest in the UIA... they can just buy BTC or ETH and send it to the UIA issuer. The the UIA issuer sends the newly created UIA to the investor. When a UIA investor wants to get out they sell the UIA for BTS and in most cases have no interest in holding volatile BTS so they sell the BTS for BTC or ETH. This is the reason for the constant sell pressure, more energy leaving the system than entering.
This problem could be fixed if these UIA investors had to enter the BTS ecosystem before they could invest... That is impossible the way the current system is designed. There needs to be a reason for them to stay in the system. This is how Wall Street makes money... They keep people in the game.
If you have ever seen "Wolf of Wall Street" there is a good, yet vulgar, scene that explains how wall street makes money:
Matthew Mcconaughey: "Fuck the Clients. Your only responsibility is to put meat on the table"
"Name of the Game, move the money from the clients pocket into your pocket"
Leo: "Right, but if you can make the clients money at the same time it's advantageous for everyone, correct?"
Matthew Mcconaughey: "Wrong... If you got a client who bought a stock at 8 and now its at 16, he's all fucking happy and wants to CASH IN. Liquidate and take his money and run home. YOU DON'T LET HIM DO THAT!"
"You know what you do, you get another brilliant idea. You get him another stock to reinvest his earnings and then some."
"Meanwhile he thinks he is getting shit rich, which he is, ON PAPER. But you and me, the brokers, we're taking home cold hard cash via commission."
Leo: "Right, that's incredible sir..."
Matthew Mcconaughey: "Keep the clients on the ferris wheel. That's the name of the game".
Bitshares is the game. If bts token holders want to make money, you need more money entering than leaving. You need to appeal to the gambling/risk taking side of people. You need to have them keep investing,
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@lil_jay890 I seriously doubt that the reason bts price is low is due to the ICOs.. The true reasons bts price is low are the following IMHO:
1) People keep a lot of bts in external exchnages
2) People do not follow @bitcrab example in locking their bts and short sell bitassets. When bts was first launched we had bitusd $1 mil in existence and bts was worth between $0.03 - $0.05 (that is x8-x10 of current price).. The drop happened after the great idea of the merger and the huge reduction of bitassets supply because whales rushed to dump their holdings
3) Serious lack of marketing. We do not even spend a few dollars from the reserve pool to advertise bts in coinmarketcap at least..
4) Whenever the price is slightly up, most people rush to dump their bts holdings..
5) People have forgotten the vision of bts. Luckily a lot of people still believe in bts so we need to remind to others what bts can do to change our lives.
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I believe that the BTS price will not drop below 0.03CNY, for ever.
I'll keep on collecting more BTS and shorting out more smartcoins.shorter in BTS ecosystem is like miner in BTC ecosystem, they collect BTS, short out smartcoins, and try to activate the market and extend the adoption of smartcoins, within these the BTS will get higher solid price base and benefit the shorters and all the ecosystem.
I am a shorter. welcome to be a shorter.
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I am a shorter as well...I have been shorting all kind of bitassets from the beginning and try to accumulate as much bts as possible..So far I have lost bts but will reverse.. Some people accumulate btc..some others accumulate bts.. ;)
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@lil_jay890 I seriously doubt that the reason bts price is low is due to the ICOs.. The true reasons bts price is low are the following IMHO:
1) People keep a lot of bts in external exchnages
2) People do not follow @bitcrab example in locking their bts and short sell bitassets. When bts was first launched we had bitusd $1 mil in existence and bts was worth between $0.03 - $0.05 (that is x8-x10 of current price).. The drop happened after the great idea of the merger and the huge reduction of bitassets supply because whales rushed to dump their holdings
3) Serious lack of marketing. We do not even spend a few dollars from the reserve pool to advertise bts in coinmarketcap at least..
4) Whenever the price is slightly up, most people rush to dump their bts holdings..
5) People have forgotten the vision of bts. Luckily a lot of people still believe in bts so we need to remind to others what bts can do to change our lives.
All you have to look at is the order books for basically any popular uia... They are totally skewed to the sell side. These sellers didn't invest in the uia with bts... They sent BTC or ethereum during the crowd sale and now they are trying to get out. They need to dump for bts, send the bts to a centralized exchange, and then dump bts for BTC.... That addresses why there is so much bts on the centralized exchanges.
If the icos were actually bringing money into the bts ecosystem the order books would at least be level or slightly skewed to the buy side in these uias.
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Although IMO mf-tzo has a more accurate list of causes for the low mktcap, lil_jay890 makes a very good point about the sell pressure ICOs cause. Although that isn't so good for the health of the DEX, it IS good in that these UIAs are only available on the DEX. If the ICOs required bitUSD to invest it would be better for the DEX but not so much for the ICO.
Tradeoffs. Who knows what the best balance of these interests are. I believe other concerns in mf-tzo's list are higher priority than restructuring ICO offerings, particularly marketing.
@lil_jay890 I seriously doubt that the reason bts price is low is due to the ICOs.. The true reasons bts price is low are the following IMHO:
1) People keep a lot of bts in external exchnages
2) People do not follow @bitcrab example in locking their bts and short sell bitassets. When bts was first launched we had bitusd $1 mil in existence and bts was worth between $0.03 - $0.05 (that is x8-x10 of current price).. The drop happened after the great idea of the merger and the huge reduction of bitassets supply because whales rushed to dump their holdings
3) Serious lack of marketing. We do not even spend a few dollars from the reserve pool to advertise bts in coinmarketcap at least..
4) Whenever the price is slightly up, most people rush to dump their bts holdings..
5) People have forgotten the vision of bts. Luckily a lot of people still believe in bts so we need to remind to others what bts can do to change our lives.
All you have to look at is the order books for basically any popular uia... They are totally skewed to the sell side. These sellers didn't invest in the uia with bts... They sent BTC or ethereum during the crowd sale and now they are trying to get out. They need to dump for bts, send the bts to a centralized exchange, and then dump bts for BTC.... That addresses why there is so much bts on the centralized exchanges.
If the icos were actually bringing money into the bts ecosystem the order books would at least be level or slightly skewed to the buy side in these uias.
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Lack of marketing. We need to use part of the pool reserve funds for marketing. Pay Coindesk, coin news, advertise in coinmarketcap, whatever you feel like to show articles to promote bts. We need to remind to people that bts is the first platform for smart contracts, for bitassets pegged, is stable for more than 2 years, it is super fast etc..People need to understand that bts does what the other shit ICOs promisse to do in the future already for the last 2 years..
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Lack of marketing. We need to use part of the pool reserve funds for marketing. Pay Coindesk, coin news, advertise in coinmarketcap, whatever you feel like to show articles to promote bts. We need to remind to people that bts is the first platform for smart contracts, for bitassets pegged, is stable for more than 2 years, it is super fast etc..People need to understand that bts does what the other shit ICOs promisse to do in the future already for the last 2 years..
We need to use part of the pool reserve funds for the buyback of BTS, quickly and greatly increase the marketcap.
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I fully agree..I have been saying that for the last year. I even posted on steemit a year ago how the reserve pool can be used to reward bitasset holders with interest on their deposit..but no one listens.. :(
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
Hear! hear! Like the way you think. If we address many of your points one by one we can be excellent.
Sent from my XT1254 using Tapatalk
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Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
If the Bitshares DEX becomes popular, it is definitely a threat to centralized exchanges business. This is why we need to capitalize on that fact.
If I want to buy Bitshares, and all I have is Bitcoin, must I go to shapeshift.io is that my only option? As far as I know, shapeshift just runs API's to centralized exchanges to charges a premium for the conversion.
We really need to pay attention to our entry and exit points on the Bitshares platform and build some solutions that aren't dependent on centralized exchanges at all.
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
AGREED. We need this type of discussion. @lil_jay890 I find a lot of people argue your points for the reason that if you're not correct, we don't have anything to worry about. I do think you are correct in everything you've said. You even did it in easy to understand plain language.
While the discussion is hot, I hope:
- We brainstorm some solutions to these problems
- Multiple entrepreneurs see the proposed solutions and opportunities to build something that will help solve them
(https://s18.postimg.org/5xbgdnr3t/centralizedex-vs-btsdex.jpg)
(I *changed* the original quote from @lil_jay890 and re-wrote it to show cryptocurrency examples)
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If you have ever seen "Wolf of Wall Street" there is a good, yet vulgar, scene that explains how centralized exchanges make money:
Matthew Mcconaughey: "Fuck the Users. Your only responsibility is to put meat on the table"
"Name of the Game, move the money from the Users pocket into your pocket"
Leo: "Right, but if you can make the Users money at the same time it's advantageous for everyone, correct?"
Matthew Mcconaughey: "Wrong... If you got a buyer who bought DASH at 86 and now its at 96, he's all fucking happy and wants to CASH IN. Liquidate and take his money and run home. YOU DON'T LET HIM DO THAT!"
"You know what you do, you get another brilliant idea. You get him buying ETH to reinvest his earnings and then some."
"Meanwhile he thinks he is getting shit rich, which he is, on an "virtual" exchange wallet. But you and me, the centralized exchanges, we're taking home cold hard cash via commission."
Leo: "Right, that's incredible sir..."
Matthew Mcconaughey: "Keep the Users on the centralized exchange ferris wheel. That's the name of the game".
Leo: "What if our centralized exchange gets hacked?"
Matthew Mcconaughey: "Just shut it down, take whatever balances you have, and dump them. Re-open a new exchange later, or take a few months in the Bahamas and come back under a different name"
If bts token holders want to make money, you need more money entering than leaving. You need to appeal to the gambling/risk taking side of people. You need to have them keep investing,
*AND* They need to understand that their money is a LOT safer in a decentralized exchange, where they always hold the keys and authority to their wallet balance at all times.
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The bitshares echosystem is a fantastic concept. It solves MTGox. It solves Cryptsy. It solves lots of issues.
However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing. We have the quietest party on the block.
Yes, coinmarketcap.com will drive attention (not just banner ads either, but price movement works the best).
But there must be other ways to reach these crowds. I do like @Geneko's ideas:
Any icoo that is issued on dex mast collect funds thru DEX.
The account used must be multisig with milestones attached for gradual releasing funds.
That would provide transparency of project development and provide guaranties funds would be spend as intended.
In case project fail in any way all remained funds would be send back proportionally to initial investors and UIA added prefix abandoned or ex.
Reasoning behind this is that it wouldn't be appropriate to restrict such UIAs.
But it is our duty to take care of designing icoo feature that has community support. We should provide guidance how official icoo should look like. All other UIAs should be considered shitUIAs until prove otherwise and the one should approach it as such.
We could also add some comments in GUI such as official - followed by explanation and free(shit) - followed by explanation, in case someone want to buy. These explanation should be also added in tutorial page.
The industry is so greed focused, no one even knows what a proper UIA and ICO should look like... Bitshares can give users a safe feeling if we use the features to...
* lower buyer risk
* lower seller risk
* lower UIA risk
Your UIA tokens and BTS always belong to you unless you sign a trade. That's such a mind blowing feature that most kiddies playing on centralized exchange don't even understand. We don't have virtual wallet balances here. That's just awesome.
Case Scenario
You have 5000 bitshares in your wallet, but 200 of them are in an open trade.
How many Bitshares do you actually have?
| On Poloniex Wallet | | | On BTC-e Wallet | | | On OpenLedger Wallet |
| 0 BTS (virtual wallet) | | | 0 BTS (virtual wallet) | | | 4800 BTS, +200 waiting for trade (real wallet) |
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
Even if Poloniex colluded with other exchanges, their votes would still be outnumbered by the top few proxies alone, not to mention including individual voters. So yeah, no, that's yet another bogus theory from the king of FUD. Oh wait, now you'll spin that exactly the opposite and say the voting power of proxies is a weakness of Bitshares. Which of course is ridiculous as well. But facts have never stopped you. So why would they now?
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
Even if Poloniex colluded with other exchanges, their votes would still be outnumbered by the top few proxies alone, not to mention including individual voters. So yeah, no, that's yet another bogus theory from the king of FUD. Oh wait, now you'll spin that exactly the opposite and say the voting power of proxies is a weakness of Bitshares. Which of course is ridiculous as well. But facts have never stopped you. So why would they now?
Hmm... Take the top 4 exchange accounts. They control almost 750million BTS which outnumbers all the proxies combined... but maybe that isn't a fact in your world.
You are correct though that I think the proxies centralize the system. Even if the exchanges do nothing, 4-5 people have complete control of the chain.
Tbone, i've tried not to attack you personally unlike what you have done to me. I try to point out flaws with the system. But if you are going berate someone for not using "facts", try using some facts yourself.
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@Thom more importantly I want to stress the lack of marketing. And also that for some reason everyone hates BTS.. Try to say BTS to the moon in Polo troll box twice and you are banned..On the other hand everyone else scream all the time moon for ETH,DASH and everything else they want to promote and no one is banned.. Polo admins hate bts..
Poloniex, a centralized exchange that rakes in profit for a few, hates a decentralized exchange that could steal the money out of their pockets.
Do they hate it because the DEX is a threat to their business?
Or do they hate it because they are mal-informed and just think its one more shitcoin
If the centralized exchanges wanted, they could destroy BTS in a second. They control enough BTS to vote in whoever they want. One of the GIANT flaws in bts that almost everyone around here sweeps under the rug or chooses to ignore... Just another reason DEX adoption has been tepid.
Even if Poloniex colluded with other exchanges, their votes would still be outnumbered by the top few proxies alone, not to mention including individual voters. So yeah, no, that's yet another bogus theory from the king of FUD. Oh wait, now you'll spin that exactly the opposite and say the voting power of proxies is a weakness of Bitshares. Which of course is ridiculous as well. But facts have never stopped you. So why would they now?
Hmm... Take the top 4 exchange accounts. They control almost 750million BTS which outnumbers all the proxies combined... but maybe that isn't a fact in your world.
You are correct though that I think the proxies centralize the system. Even if the exchanges do nothing, 4-5 people have complete control of the chain.
Tbone, i've tried not to attack you personally unlike what you have done to me. I try to point out flaws with the system. But if you are going berate someone for not using "facts", try using some facts yourself.
You're including cold wallets? Like these major exchanges are going to defeat the purpose of having cold wallets and put customer funds at risk? That's not realistic. And even if it was realistic, then multiple exchanges would still have to collude, which is also unrealistic since that means they would be using the funds of their customer to destroy the investment of said customers.
So let's see. An exchange would have to do something they are extremely unlikely to do, and which would probably land them in jail for a long time. They would have to collude with others and convince them to also engage in this incredibly stupid, risky, and unethical behavior. And they would have to risk large amounts of funds in cold storage to do all of this. This is so far fetched.
And your goal is most certainly NOT to provide constructive criticism. That would actually be useful and welcomed. But your M.O. is to create fear, uncertainty and doubt. You do that by constructing false narratives based loosely on just enough facts to sound credible to those who are unsuspecting. I've seen your basement-dwelling type a thousand times over the years. Get it?
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And your goal is most certainly NOT to provide constructive criticism. That would actually be useful and welcomed. But your M.O. is to create fear, uncertainty and doubt. You do that by constructing false narratives based loosely on just enough facts to sound credible to those who are unsuspecting. I've seen your basement-dwelling type a thousand times over the years. Get it?
I disagree with you tbone. Everything is open for discussion. Let's not attack each other's character and just deal with the facts.
As far as landing people in Jail, exchanges could simply modify their terms of service, and state that voting rights are retained with the exchange for all BTS that are currently deposited, and they'd be fine. (Most users don't read terms of service and will tacitly agree to anything). In addition Graphene and the Bitshares blockchain are currently unregulated as far as I know.
We need to get back to the ideas on how get more traction with Bitshares looking at its usefulness in comparison to centralized exchanges.
A decentralized exchange for the previous point, I mentioned is great. Ask anyone who lost funds with Mt.Gox or Cryptsy, or any other exchange... they should be the first ones to love the idea.
We were just started making some progress here. I'd hate to lose the spirit of how we can be creative enough to take this all to the next level.
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However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing. We have the quietest party on the block.
"Faking volume" so that the volume listed by third parties increases and we "make some noise". Coinmarketcap ranks the exchanges (including the DEX) by the volume of bts traded in 24/hours.
Currently, the DEX ranks #3 by USD volume. $9,000 traded in 24hrs.
The #1 exchange is Poloniex, who trade $100k worth of bts per 24 hours.
To become #1 exchange (on a single given day) the DEX has to achieve another $90k volume of bitUSD traded vs bts.
(https://preview.ibb.co/m07XGF/DEX_competition_image.png) (https://ibb.co/iJ5KwF)
Moving up the ranks so fast would get the DEX on a few more people's radars.
It DOES NOT MATTER THAT PEOPLE KNOW IT'S FAKE.
EXPOSURE
EXPOSURE
EXPOSURE
"Faking volume" is trading bitUSD:bts between 2 accounts owned by one person.
It's possible to make about 5,000 trades in a 24/hr period. (1 trade per ~20seconds)
Each trade would cost about 0.5bts.
5,000 trades * 0.5bts fee per trade = 2,500bts in total fees (paid to the network) to fake volume for 24hours.
At a price of $0.0056USD per bts; 2.5k bts would cost $14 per 24/hrs
A "Faker" who wants to boost the EXPOSURE of the DEX, would need capital (a fund of bitUSD and a fund of bts) to use to repeatedly trade back and forth.
If the target is to gain an extra $90,000 worth of volume (to rank #1 exchange):
$90,000(volume) / 5000 (# of trades) = $18.
$18 traded back and forth 5,000 times would produce $90,000 worth of volume, which would show up on coinmarket cap. Raising BitShares awareness, and getting exposure.
$18 is the minimum capital, and it would cost a flat rate of $14 per day.
If the "Faker" had $500 worth of capital, the daily "faked volume" would be $500*5,000 trades = $2.5Million. 24/hr volume. CRAY
Could a worker proposal fulfill this need?
(https://preview.ibb.co/bxOC1F/bts_worker_proposal_list.png) (https://ibb.co/iYd1va)
Currently the lowest paid worker advertises on 8btc.com, costing 8,400bts per day.
The same payrate being directed to a "Fake Volume Bot" would enable 5,000 trades per day, costing -2,500 bts per day. This leaves 5,900bts per day to accumulate in the capital fund.
If the worker proposal was accepted and properly/securely implemented:
Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)
Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in fees to make the trades.
The bot "fakes" $330k worth of volume on this day.
...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.
FIVE MILLION DOLLARS OF VOLUME PER DAY
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If the worker proposal was accepted and properly/securely implemented:[/b][/u][/size]
Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)
Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in feeshttps://bitsharestalk.org/index.php?action=post;msg=303984;topic=16894.3315 to make the trades.
The bot "fakes" $330k worth of volume on this day.
...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.
FIVE MILLION DOLLARS OF VOLUME PER DAY
(http://www.reactiongifs.com/wp-content/uploads/2013/10/tim-and-eric-mind-blown.gif)
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I don't know if "price discussion" is the right place to discuss this, but I'll reply here.
Isn't the core exchange rate given a certain weight in the price feed - so the settlement price doesn't solely depend on external sources? Now if that is the case, what if this external price feed already contains the exchange rate of the DEX with a certain weight, as seems to be the case with CMC. If the DEX volume is the largest, it would be the dominant source of the price.
And another thought: If BTS was more expensive on the DEX, wouldnt' people go to Poloniex to buy BTS off the order books, and migrate them to the DEX. And vice-versa; people willing to liquidate BTS would prefer the DEX, after which the BTS would probably stay on the DEX and the user would exit with some OPEN.USDT.
However, people always run to where the largest noise is... We're not shooting fireworks off, nor is there any band playing. We have the quietest party on the block.
"Faking volume" so that the volume listed by third parties increases and we "make some noise". Coinmarketcap ranks the exchanges (including the DEX) by the volume of bts traded in 24/hours.
Currently, the DEX ranks #3 by USD volume. $9,000 traded in 24hrs.
The #1 exchange is Poloniex, who trade $100k worth of bts per 24 hours.
To become #1 exchange (on a single given day) the DEX has to achieve another $90k volume of bitUSD traded vs bts.
(https://preview.ibb.co/m07XGF/DEX_competition_image.png) (https://ibb.co/iJ5KwF)
Moving up the ranks so fast would get the DEX on a few more people's radars.
It DOES NOT MATTER THAT PEOPLE KNOW IT'S FAKE.
EXPOSURE
EXPOSURE
EXPOSURE
"Faking volume" is trading bitUSD:bts between 2 accounts owned by one person.
It's possible to make about 5,000 trades in a 24/hr period. (1 trade per ~20seconds)
Each trade would cost about 0.5bts.
5,000 trades * 0.5bts fee per trade = 2,500bts in total fees (paid to the network) to fake volume for 24hours.
At a price of $0.0056USD per bts; 2.5k bts would cost $14 per 24/hrs
A "Faker" who wants to boost the EXPOSURE of the DEX, would need capital (a fund of bitUSD and a fund of bts) to use to repeatedly trade back and forth.
If the target is to gain an extra $90,000 worth of volume (to rank #1 exchange):
$90,000(volume) / 5000 (# of trades) = $18.
$18 traded back and forth 5,000 times would produce $90,000 worth of volume, which would show up on coinmarket cap. Raising BitShares awareness, and getting exposure.
$18 is the minimum capital, and it would cost a flat rate of $14 per day.
If the "Faker" had $500 worth of capital, the daily "faked volume" would be $500*5,000 trades = $2.5Million. 24/hr volume. CRAY
Could a worker proposal fulfill this need?
(https://preview.ibb.co/bxOC1F/bts_worker_proposal_list.png) (https://ibb.co/iYd1va)
Currently the lowest paid worker advertises on 8btc.com, costing 8,400bts per day.
The same payrate being directed to a "Fake Volume Bot" would enable 5,000 trades per day, costing -2,500 bts per day. This leaves 5,900bts per day to accumulate in the capital fund.
If the worker proposal was accepted and properly/securely implemented:
Day 1: Bot has 5,900bts in capital (worth $33bitUSD). Bot pays $14 in fees to make the trades. The bot "fakes" $165k worth of volume on this day ($33*5,000)
Day 2: Bot has (5,900+5,900bts) worth $66bitUSD. Bot pays $14 in feeshttps://bitsharestalk.org/index.php?action=post;msg=303984;topic=16894.3315 to make the trades.
The bot "fakes" $330k worth of volume on this day.
...Day 31: After 1 month the bot would have (5,900*31) 182kbts ($1000) accumulated in capital. The bot would spend 2,500bts (~$14) in fees on this day. The bot "fakes" $5,000,000 volume per day after 1 month of starting.
FIVE MILLION DOLLARS OF VOLUME PER DAY
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You should start a new thread and concisely explain your idea.
point to note: there is no USD:BTS market on poloniex
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I saw you ask for the source of usd/bts feed price in btsbots.com
first I get all order book include
btc38.com: CNY/BTS
poloniex.com: BTC/BTS
DEX: CNY/BTS USD/BTS OPEN.BTC/BTS
yunbi.com: CNY/BTS
then transform all orders to price BTC/BTS(also need computed BTC, CNY, USD rate before)
finally find the best price which can match all these order with max volume.
the script is open source. you can search btsprice in github
You should start a new thread and concisely explain your idea.
point to note: there is no USD:BTS market on poloniex
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Coinmarketcap ranks the exchanges (including the DEX) by the volume of bts traded in 24/hours.
Not really.
By default, it lists coins by current trading price vs coins in circulation.
While it's true, you can sort by trading volume, every teen trader that chases altcoins, only looks at the default sorted page.
#33 Bitshares is trading at 0.006079 with 2,592,030,000 in circulation (2.5 billion coins) = $15,757,365
AND
#35 Siacoin is trading at 0.000605 with 24,551,360,204 in circulation (24.5 billion coins) = $14,852,640
....so coinmarketcap will soon make Siacoin surpass Bitshares, if Siacoin's prices moves just a little more, or they put more coins in circulation.
(none of this has to do with trading volume in the last 24 hours)
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Finally BTS is joining the Alt coin pumps... $0.070 has been resistance for the last year. If it can clear and hold above that, there is a good chance the bear market is over.
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them, while BTS is only up 7 mil. Once the alt coin pump is over, how well BTS holds up will show if the bear market is done. If bts breaks $0.070 but fail to hold above for more than a few days, BTS will probably test the lows again.
I thought we were looking at a failed bounce a few days ago, but it looks like we are going to give $.007 a test. A break and hold above would finally move this thing out of it's seemingly never ending downtrend... It's still not showing a ton of relative strength vs the other alts though... It still hasn't made its way up the overall rankings ladder. Plus this pump just seems to be a constant rotation between different alts, I mean look at the rocket that Bytecoin has been on...not sure what is causing that.
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Finally BTS is joining the Alt coin pumps... $0.070 has been resistance for the last year. If it can clear and hold above that, there is a good chance the bear market is over.
I am skeptical since BTS isn't really outperforming many currencies. Dash and ETH are getting hundreds of millions of dollars pumped into them, while BTS is only up 7 mil. Once the alt coin pump is over, how well BTS holds up will show if the bear market is done. If bts breaks $0.070 but fail to hold above for more than a few days, BTS will probably test the lows again.
I thought we were looking at a failed bounce a few days ago, but it looks like we are going to give $.007 a test. A break and hold above would finally move this thing out of it's seemingly never ending downtrend... It's still not showing a ton of relative strength vs the other alts though... It still hasn't made its way up the overall rankings ladder. Plus this pump just seems to be a constant rotation between different alts, I mean look at the rocket that Bytecoin has been on...not sure what is causing that.
Yeah most likely just a random pump. Plus I saw the weekly chart and every time there is a big selloff, there was a pump after, so this might be also it. Nonetheless, there are still lot's of people who waited a long time to get rid of their bags. I'm waiting to see it back to 300 satoshis and see if it holds. If it does I will probably start accumulating. We broke 2year long down trend and volume is increasing, it just needs to keep going on.
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Technical analysis is maybe not the right tool for BTS price prediction.
I would also take a look at fundamentals.
- Vesting period rearrange sims to be over.
- MPAs collateral is on steady rise for 3 months
- Volume on Dex is on steady rise, centralized exchanges deposits are falling.
- Bts.bots and shorting are growing in popularity.
- Stress test is proving technology superiority.
- Bitcoin is bearish. Internally - governance problem is on the rise, externally - governments are establishing serious control belts. People are exploring alternatives.
- Community is consolidated attracting new raving fans
- Many projects are on the rise exploiting bitshares only features.
- The growth is shy but steady
- Bitshares muscles are becoming visible.
There would probably be some corrections here or there, speculators are hunting for prey. Overall BTS has decent rise perspective.
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Technical analysis is maybe not the right tool for BTS price prediction.
I would also take a look at fundamentals.
- Vesting period rearrange sims to be over.
- MPAs collateral is on steady rise for 3 months
- Volume on Dex is on steady rise, centralized exchanges deposits are falling.
- Bts.bots and shorting are growing in popularity.
- Stress test is proving technology superiority.
- Bitcoin is bearish. Internally - governance problem is on the rise, externally - governments are establishing serious control belts. People are exploring alternatives.
- Community is consolidated attracting new raving fans
- Many projects are on the rise exploiting bitshares only features.
- The growth is shy but steady
- Bitshares muscles are becoming visible.
There would probably be some corrections here or there, speculators are hunting for prey. Overall BTS has decent rise perspective.
Yup, agree with this.
Yeah most likely just a random pump. Plus I saw the weekly chart and every time there is a big selloff, there was a pump after, so this might be also it. Nonetheless, there are still lot's of people who waited a long time to get rid of their bags. I'm waiting to see it back to 300 satoshis and see if it holds. If it does I will probably start accumulating. We broke 2year long down trend and volume is increasing, it just needs to keep going on.
We were already at/below the 300 satoshi range for a while. Accumulation phase is over, IMO.
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Technical analysis is maybe not the right tool for BTS price prediction.
I would also take a look at fundamentals.
- Vesting period rearrange sims to be over.
- MPAs collateral is on steady rise for 3 months
- Volume on Dex is on steady rise, centralized exchanges deposits are falling.
- Bts.bots and shorting are growing in popularity.
- Stress test is proving technology superiority.
- Bitcoin is bearish. Internally - governance problem is on the rise, externally - governments are establishing serious control belts. People are exploring alternatives.
- Community is consolidated attracting new raving fans
- Many projects are on the rise exploiting bitshares only features.
- The growth is shy but steady
- Bitshares muscles are becoming visible.
There would probably be some corrections here or there, speculators are hunting for prey. Overall BTS has decent rise perspective.
Yup, agree with this.
Yeah most likely just a random pump. Plus I saw the weekly chart and every time there is a big selloff, there was a pump after, so this might be also it. Nonetheless, there are still lot's of people who waited a long time to get rid of their bags. I'm waiting to see it back to 300 satoshis and see if it holds. If it does I will probably start accumulating. We broke 2year long down trend and volume is increasing, it just needs to keep going on.
We were already at/below the 300 satoshi range for a while. Accumulation phase is over, IMO.
why not? it's a coin like any other. charts show emotions.
I wouldn't say it's over. we were on 300 for a while but always trending. we are yet to retest support. as far as we know Bitshares still hasn't found a bottom imo. It's still too soon to call a bottom but that's just me.
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We were already at/below the 300 satoshi range for a while. Accumulation phase is over, IMO.
The coinmarketcap.com manipulation hasn't ended, and is still ongoing.
I hate to promote a steemit post I wrote here today, but it is directly related to the pricing discussion.
See steemit.com/(AT SIGN)intelliguy
Or manually copy/paste this: https://steemit.com/cryptocurrency/@intelliguy/oh-no-coinmarketcap-com-pumps-scam-coins-by-accident-marketcap-price-x-available-supply
(I am surprised you still can't post steemit links in SMF forum)
...and the post ends with:
QUOTE: "P.S. This is why STEEM and BITSHARES don't trend as high as other coins. Just so you know."
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I'm not exactly sure what's happening (and I won't complain), but except the general pump every alt coin has been through, is there any rational explanation for the current Bitshares bull run?
And the question I still don't have an answer for is: Is it sustainable??
Envoyé de mon iPhone en utilisant Tapatalk
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...is there any rational explanation for the current Bitshares bull run?
And the question I still don't have an answer for is: Is it sustainable??
I haven't been watching BTS for a while.. but notice the trollbox is alive with chatter about the volume of transactions that BTS can handle.. I guess wherever there is uncertainty about BTC's ability to scale - and perhaps without all the politics, there is opportunity for another that can step up. If BTS is in good shape and other fundamentals like past agreements are seen to be still valid then skys the limit. I say that cause I can't get a clear answer from bitsapphire about the agreement to honor moonstone tokens but all those little signals provide a backdrop that then instill confidence. Would be good to see BTS jump back up where perhaps it should be. The stumble a while back where marketing and hype dominated I suspect left a sour impression on a lot of people, so need to reverse that with clear signals that BTS could replace BTC if needed.
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(https://i.gyazo.com/028d2144ef8bb324ee4f252daf4cbfd7.png)
I suspect some speculation due to Dan leaving Steem for now. But who knows...
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some speculation due to Dan leaving Steem for now. But who knows...
lol.. omg you got to be kidding! Has he failed to follow through again!?.. urgh.
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some speculation due to Dan leaving Steem for now. But who knows...
lol.. omg you got to be kidding! Has he failed to follow through again!?.. urgh.
Or he knows his strength lies not in long term management, but quick pace innovation.
Sent from my XT1254 using Tapatalk
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Or he knows his strength lies not in long term management, but quick pace innovation.
Still rolling with that old chestnut eh.. I expect Stan would approve. I'd rather have seen him stick with fully developing BTS, than making like cowboy and doing a fast one. Lost of lump of money that other insiders didn't, from that same gameplaying previously.
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How about blockpay and all the people they are exposing bitshares to on their world tour?
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How about blockpay and all the people they are exposing bitshares to on their world tour?
BlockPay was released months ago and continues to get better and better each week, yet I only see frikn ONE merchant using it so far.
Yes, I'm sure that's it.
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Still rolling with that old chestnut eh.. I expect Stan would approve. I'd rather have seen him stick with fully developing BTS, than making like cowboy and doing a fast one. Lost of lump of money that other insiders didn't, from that same gameplaying previously.
Interesting.. you believe that BTS isn't developed?
Have you looked at the code? It's already built. Dan's work is done. He built a product that works...
Why are you suggesting it's not "fully developed" ?
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Interesting day today on the BTS markets. POLO had some connectivity issues. Also trading on DEX today, I noticed that some trades were not executed or updated properly. I saw the asking price match the buy price and the trade was not happening. (about 50 minutes ago on BTC:BTS at 0.00000912)
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Still rolling with that old chestnut eh.. I expect Stan would approve. I'd rather have seen him stick with fully developing BTS, than making like cowboy and doing a fast one. Lost of lump of money that other insiders didn't, from that same gameplaying previously.
Interesting.. you believe that BTS isn't developed?
Have you looked at the code? It's already built. Dan's work is done. He built a product that works...
Why are you suggesting it's not "fully developed" ?
I am not a programmer, so I have no comment there. I also respect that Dan did more for Bitshares than a user/speculator like myself will ever do.
That said there is lots to be done. A project of this size and ambition needs a full time developelment team.
1) We could address counter party risk in all non Bitshares tokens trading on the dex.
2) We could address the prediction market mechanics making it actually usable.
3) Bitshares governance is also an issue with so few voters.
Sent from my XT1254 using Tapatalk
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I am not a programmer, so I have no comment there. I also respect that Dan did more for Bitshares than a user/speculator like myself will ever do.
That said there is lots to be done. A project of this size and ambition needs a full time developelment team.
You're misusing the word development.
What Bitshares needs is more business use cases, marketing, and promotion.
People who have been following Bitshares from the Protoshares days, heard lots about development. Bitshares and the DEX is in stage that it can be used "as is".. and do quite well at it. That's why there's tradeable tokens, volume, etc.
The only reason we don't have more liquidity in the system is not because of programming development or features... (so please stop saying "development") -- Development in the cryptocurrency industry generally means "dev" to "dev" or "develop" the code base of the software.
Bitshares is already developed, it already runs, it already works. We're past the early investor stage.
Now Stan has are elluded to the idea that he's working on some major business use cases for Bitshares, and I suspect other people are doing in the same.
...but all of this talk about "We need development", why isn't bytemaster doing more "development"... it's just the wrong word.
For instance, the bitshares system already is self governing. It already allows you to create worker proposals to do XYZ to get things done.
We have a decentralized system for a reason -- it's decentralized WHETHER OR NOT Dan/bytemaster is here or not. It continues to run, and run well. It's working. It's in operation. It's not BETA. It's active!
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I am not a programmer, so I have no comment there. I also respect that Dan did more for Bitshares than a user/speculator like myself will ever do.
That said there is lots to be done. A project of this size and ambition needs a full time developelment team.
You're misusing the word development.
What Bitshares needs is more business use cases, marketing, and promotion.
People who have been following Bitshares from the Protoshares days, heard lots about development. Bitshares and the DEX is in stage that it can be used "as is".. and do quite well at it. That's why there's tradeable tokens, volume, etc.
The only reason we don't have more liquidity in the system is not because of programming development or features... (so please stop saying "development") -- Development in the cryptocurrency industry generally means "dev" to "dev" or "develop" the code base of the software.
Bitshares is already developed, it already runs, it already works. We're past the early investor stage.
Now Stan has are elluded to the idea that he's working on some major business use cases for Bitshares, and I suspect other people are doing in the same.
...but all of this talk about "We need development", why isn't bytemaster doing more "development"... it's just the wrong word.
For instance, the bitshares system already is self governing. It already allows you to create worker proposals to do XYZ to get things done.
We have a decentralized system for a reason -- it's decentralized WHETHER OR NOT Dan/bytemaster is here or not. It continues to run, and run well. It's working. It's in operation. It's not BETA. It's active!
Is the prediction market actually functional as a practical matter?
Is Bitshares actually a Dex for the crypto markets?
To my limited understanding those things are hard coded into the protocol.
Sent from my XT1254 using Tapatalk
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Is the prediction market actually functional as a practical matter?
Is Bitshares actually a Dex for the crypto markets?
To my limited understanding those things are hard coded into the protocol.
Sent from my XT1254 using Tapatalk
Prediction Market documentation:
http://docs.bitshares.org/bitshares/user/pm.html
Example of a prediction market:
https://bitshares.org/wallet/#/market/USDTETHERDEFAULT_USD
What it looks like on Cryptofresh:
http://www.cryptofresh.com/a/USDTETHERDEFAULT
What specifically was your question about prediction markets? Seems the documentation, features, and actual use of them is occurring.
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With regard to your second question:
http://docs.bitshares.org/bitshares/user/dex.html
This explains how the Dex works.
I think your question more pertains to, "so can I buy some Peercoins with BTS or DASH coins through the DEX"
The answer is "yes" if a gateway provider was to offer that service.
Try this exercise:
1. Open up your Bitshares Lite wallet
2. Login to your account
3. Click Deposit / Withdrawal
4. Notice all the BTC, Dash, Doge, Eth, LTC addresses?
There's gateways that offer you to come in/out of those coins already...
BLOCKTRADES, CCEDK, METAEXCHANGE, TRANSWISER are listed as gateway providers....
This is not a fault of the code, it's just that the industry hasn't realized what Bitshares is capable of..
(See, we need more marketing, promotion, and business use of the Bitshares DEX, that's probably why you're even asking these questions -- no one reads. Everyone seems to walk around with illusions that the software isn't ready to be used. It is ready to be used... AND PEOPLE ARE USING IT!)
See this:
http://docs.bitshares.org/bitshares/user/eba.html
Dan even wrote about how the BTS Network could work with gateways back in Dec 2014
http://bytemaster.github.io/update/2014/12/18/Benefits-of-Being-a-BitShares-Gateway/
Somehow from Dec 2014 - April 2017, very few still understand it. Instead everyone is waiting for Dan to build it. He already did!
But these questions don't belong here. This is suppose to be about the Bitshares price discussion, to discuss price.
If you want to know more about what the system is able to do, let's not tie it up in the price discussion thread.
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Or he knows his strength lies not in long term management, but quick pace innovation.
Still rolling with that old chestnut eh.. I expect Stan would approve. I'd rather have seen him stick with fully developing BTS, than making like cowboy and doing a fast one. Lost of lump of money that other insiders didn't, from that same gameplaying previously.
I'm pretty sure if given the choice between a needy whiney community and steem where he made $ xxxk anyone would choose the 2nd option.
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BitShares BitShares (BTS) $25,529,557.34 $0.009845 2,593,060,000 BTS $6,899,880.0000 44.86 %
Wait for it..
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@karnal wait for what exactly? :-)
Anybody has a price analysis here for the coming days/week/months?
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@karnal wait for what exactly? :-)
Anybody has a price analysis here for the coming days/week/months?
(http://arraytheday.com/wp-content/uploads/2015/01/Wolf-Moon-465x285.jpg)
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@nomoreheroes7 some more arguments for that too?
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
Trolls can recognized by the fact they are hanging around on fora of coins they like to buy for lower prices and because of that spreading the word out that these coins are not going to rise any further, but instead will decline in value. Often this is because they are frustrated of missing out a first pump. They tell you to buy BTC instead, so when the alt coin (in this case BTS) starts rising again, you can easily convert back and boost the price even more for the troll, who has by then bought his stake against a lower price. @lil_jay890 seems a perfect example.
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
I wouldn't mind knowing what's going on with BTS?
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
I wouldn't mind knowing what's going on with BTS?
Tune into the Bitshares hangouts each week: https://soundcloud.com/beyond-bitcoin-hangouts
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@karnal wait for what exactly? :-)
Anybody has a price analysis here for the coming days/week/months?
(http://arraytheday.com/wp-content/uploads/2015/01/Wolf-Moon-465x285.jpg)
+5%
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
Trolls can recognized by the fact they are hanging around on fora of coins they like to buy for lower prices and because of that spreading the word out that these coins are not going to rise any further, but instead will decline in value. Often this is because they are frustrated of missing out a first pump. They tell you to buy BTC instead, so when the alt coin (in this case BTS) starts rising again, you can easily convert back and boost the price even more for the troll, who has by then bought his stake against a lower price. @lil_jay890 seems a perfect example.
Calling someone a troll because they have a negative view of a financial instrument that you are long isn't an argument... It's an attempt to self-reinforce your own bias.
The whole "people are just talking negative so they can drive down the price to buy at lower prices" argument is BS. Even with BTS getting in on the everything Alt pump, it's been bumping along the bottom of its range for years. If this alt coin pump dies out, what do you think the odds are that BTS stays elevated? I would say it's not very likely since BTS still has many of the same issues that IMO have caused it to fall.
Granted I'm not surprised a guy with 7 forum posts and who just created his account 2 weeks ago is all bullish... You probably just bought in and were chasing the pump.
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
Trolls can recognized by the fact they are hanging around on fora of coins they like to buy for lower prices and because of that spreading the word out that these coins are not going to rise any further, but instead will decline in value. Often this is because they are frustrated of missing out a first pump. They tell you to buy BTC instead, so when the alt coin (in this case BTS) starts rising again, you can easily convert back and boost the price even more for the troll, who has by then bought his stake against a lower price. @lil_jay890 seems a perfect example.
Calling someone a troll because they have a negative view of a financial instrument that you are long isn't an argument... It's an attempt to self-reinforce your own bias.
The whole "people are just talking negative so they can drive down the price to buy at lower prices" argument is BS. Even with BTS getting in on the everything Alt pump, it's been bumping along the bottom of its range for years. If this alt coin pump dies out, what do you think the odds are that BTS stays elevated? I would say it's not very likely since BTS still has many of the same issues that IMO have caused it to fall.
Granted I'm not surprised a guy with 7 forum posts and who just created his account 2 weeks ago is all bullish... You probably just bought in and were chasing the pump.
There's definitely a risk that Bitshares will follow the other alts if the pump dies out and turn into a dump.
Envoyé de mon iPhone en utilisant Tapatalk
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Buy bitBTC or OPEN.BTC. I'm guessing the alt coin pump is coming to an end and bitcoin will probably bounce back to having %75-%80 market cap dominance.
Other than Xeroc's worker, there hasn't been anything really of note to get super bullish on BTS (I'm sure someone will post a huge list of all the great things coming for bts). It's the same story with most of the other alts. Random pumps.
Trolls can recognized by the fact they are hanging around on fora of coins they like to buy for lower prices and because of that spreading the word out that these coins are not going to rise any further, but instead will decline in value. Often this is because they are frustrated of missing out a first pump. They tell you to buy BTC instead, so when the alt coin (in this case BTS) starts rising again, you can easily convert back and boost the price even more for the troll, who has by then bought his stake against a lower price. @lil_jay890 seems a perfect example.
Calling someone a troll because they have a negative view of a financial instrument that you are long isn't an argument... It's an attempt to self-reinforce your own bias.
The whole "people are just talking negative so they can drive down the price to buy at lower prices" argument is BS. Even with BTS getting in on the everything Alt pump, it's been bumping along the bottom of its range for years. If this alt coin pump dies out, what do you think the odds are that BTS stays elevated? I would say it's not very likely since BTS still has many of the same issues that IMO have caused it to fall.
Granted I'm not surprised a guy with 7 forum posts and who just created his account 2 weeks ago is all bullish... You probably just bought in and were chasing the pump.
If you are so negative and not interested in buying BTS for lower, the question is why are you spending time on this forum? Are you short? Maybe that is the interest...
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I got in at cost basis 800 and am shocked we're down from that!
The trend is broken but BTS has never just pumped once on a new uptrend.. Always 2-3+ times.
I did pay over 2x recent USD price floor but it is Alt season (for now)
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When I buy BTS today, I don't care what the price is tomorrow.
I buy BTS today, because of what I expect it to be worth in 6 months or a year. :)
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When I buy BTS today, I don't care what the price is tomorrow.
I buy BTS today, because of what I expect it to be worth in 6 months or a year. :)
All about the long term or "virtualgrowth" if you will, haha :)
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It just makes me so mad that that market cap is less than Ardor. Which doesn't even EXIST! It's a token with a promise and ZERO users and no advantage over bitshares, which is well established and doing >$100k in volume over a decentralized exchange.
The only advantage Ardor might have is the secure messaging system. Which BTS could easily do. Echo will cover this right?
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It just makes me so mad that that market cap is less than Ardor. Which doesn't even EXIST! It's a token with a promise and ZERO users and no advantage over bitshares, which is well established and doing >$100k in volume over a decentralized exchange.
The only advantage Ardor might have is the secure messaging system. Which BTS could easily do. Echo will cover this right?
You can send secure messages through bitshares, just write your message in the transaction memo and send a micro transaction.
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It just makes me so mad that that market cap is less than Ardor. Which doesn't even EXIST! It's a token with a promise and ZERO users and no advantage over bitshares, which is well established and doing >$100k in volume over a decentralized exchange.
The only advantage Ardor might have is the secure messaging system. Which BTS could easily do. Echo will cover this right?
You can send secure messages through bitshares, just write your message in the transaction memo and send a micro transaction.
@svk, this seems like a fairly easy thing to implement, to send a msg this way to any account, hard code the transaction fee to the minimum set by committee (just display the cost to user).
Easy to do, useful, not so much? How often are messages passed like JonnyBitcoin described?
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I think that once we reintroduce interest/profit-sharing for MPA/UIA we'll see a significant increase in Bitshare's value.
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I think that once we reintroduce interest/profit-sharing for MPA/UIA we'll see a significant increase in Bitshare's value.
I agree!
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#price
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
If I didn't know any better........I'd say the price is going up.
:D
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No one got a comment on that?
Be careful what you ask for :)
Dead center of that graph should be an arrow at Oct. 15th that says, "We built it but they DIDN'T come" Approx. 1 year of work that is still yet to "catch on" almost 2 years after it was conceived.
Rant on-->
There are no quick fixes. Bytemaster had the vision, got the tools 90% finished and then moved on just to survive, since they didn't come to eat up his work. That last 10% is mighty important. What good is a "perfect" backend if nobody knows about it or uses it?
The backend is foundational, but Steem and BitShares needs a vision and leadership on the frontend now to drive adoption and orchestrate a marketing campaign. Ideally such a visionary should be on the team and growing along with the backend, but that has never been part of Bytemaster's vision and budget. I hope he learns from lessons in BitShares & Steem, but I'm not confident he will.
Bytemaster is a genius coder and system architect, but he needs a symbiotic partner with similar genius / leadership on the frontend and marketing. If he finds such a person and they share a strong bond on foundational, philosophical principles, lookout moon, lookout Mars - shit such a combo would take their products beyond the galaxy!
Bytemaster is not alone in his lack of focus and consideration of marketing, most crypto projects get started by people focused on the tech, like programmers & nerds. They see what's possible from a tech perspective, get all excited and go off and start coding with only a loose or vague idea who they're building their gee whiz tech for.
Take Steem for example. How much effort went into deeply studying the blogging market? Were any market research firms hired or statistically valid surveys conducted to make sure development builds what people want to use?
<--Rant off
Whenever a graph covering the entire price history of BitShares is shown I can't help but reflect broadly. Asking for comments on such a chart invites discussion on almost anything, as BitShares is a dynamic project with many changes over its lifetime. BTSX in 2014 is not the same as BTS in 2015, 2016 and 2017 because the crypto context also evolves, and the project is finally beginning to evaluate and consider how it fits into that greater context.
Has the project done anything significant that can be considered the cause of the most recent rise in BTS price, or is the real cause due to the context in which BitShares exists? I am pretty confident in saying context is the dominant influence.
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
If I didn't know any better........I'd say the price is going up.
:D
Now is this money just part of the Alt-Coin bubble that is happening right now, or will these funds actually move to the DEX and start buy smartcoins and UIAs???
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
If I didn't know any better........I'd say the price is going up.
:D
Now is this money just part of the Alt-Coin bubble that is happening right now, or will these funds actually move to the DEX and start buy smartcoins and UIAs???
I can not judge if it is a bubble or not, but what seems to me important is that trading volume on the DEX is all time high.
The rise in price is accompanied by volume and looking at trollbox there are 168 users just now.
Probably much more than usually (but I have no historical data about users on the DEX)
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Trollbox counter display users connected to you, not traders. This is p2p chat and works very bad. It is useless and make false impression that DEX is ghost town. I hate it, i have disabled it.
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Trollbox counter display users connected to you, not traders. This is p2p chat and works very bad. It is useless and make false impression that DEX is ghost town. I hate it, i have disabled it.
Anyway there is no chat in the trollbox.
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It is because how it works. You can speak with someone live, but not see all his replies. What you see on the screen, it's not what he see. History doesn't load either. It creates parallel worlds which makes it useless.
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
+5% +5% +5% bravo.
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(http://i.imgur.com/J8cH6Zz.png)
No one got a comment on that?
+5% +5% +5% bravo.
Huum.. True, it's good to see the price rise but imo not worth celebrating because every other alt is pumping. Once alts bear market come then we will see if BitShares price can hold the pressure. Until then this is something temporary. Markets are cyclical but the ones that will survive will be the ones who keep slowly gaining value and don't die. I'd say BitShares survived a rough "winter" and the community is strong otherwise it would be a dead project. But we still have to see how it will perform during a Bitcoin bull market that breaks new ATHs
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It is interesting that OPEN.BTC is traded below BTC feed price these days. I interpret this as people moving funds into DEX through openledger gateway. They need to sell their OPEN.BTC in this case, right?
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Why the silence in here? Seems the threads purpose was FUD all along .. :-/
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Poloniex is so beautiful to watch right now, I recommend it highly. ;)
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It's hard to comment when you're holding your breath!
Envoyé de mon iPhone en utilisant Tapatalk
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Why the sudden pump on all crypto?
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Poloniex is so beautiful to watch right now, I recommend it highly. ;)
I would not recommend any centralized exchange at this point..I have a bad feeling that one of them is going to default soon...History has a tendency to repeat it self and when there is a huge pump in crypto, usually an exchange defaults (hacking, stolen funds, regulation or whatever reason)
I would only recommend bitshares DEX now..Keep it safe people...You may lose some opportunity due to lack of liquidity but at least you can sleep at night..
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Poloniex is so beautiful to watch right now, I recommend it highly. ;)
I would not recommend any centralized exchange at this point..I have a bad feeling that one of them is going to default soon...History has a tendency to repeat it self and when there is a huge pump in crypto, usually an exchange defaults (hacking, stolen funds, regulation or whatever reason)
I would only recommend bitshares DEX now..Keep it safe people...You may lose some opportunity due to lack of liquidity but at least you can sleep at night..
The key word aloha used was "watch" and indeed it was a beautifull sight! marketcap rising from 50M+ to 60M+ :D
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Why the sudden pump on all crypto?
I have no clue but I found this on steemit
https://steemit.com/bitcoin/@jrcornel/the-next-tulip-mania-or-the-beginnings-of-something-more
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@chryspano true! I misunderstood what he said..
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Poloniex is so beautiful to watch right now, I recommend it highly. ;)
I would not recommend any centralized exchange at this point..I have a bad feeling that one of them is going to default soon...History has a tendency to repeat it self and when there is a huge pump in crypto, usually an exchange defaults (hacking, stolen funds, regulation or whatever reason)
I would only recommend bitshares DEX now..Keep it safe people...You may lose some opportunity due to lack of liquidity but at least you can sleep at night..
As soon as Bitshare DEX give traders liquidity, i will trade there.
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I think that today we will take over Waves on Coinmarketcap ;)
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The price rise is a direct result of three things:
Diminishing confidence in Tether
An increasingly ALT/Bitcoin bear market
The fact you can't buy bitusd on exchanges anymore.
People are hedging a crypto bear market with bitusd. Notice the uptick on bitusd volume and market cap the past 3 days.
If bitusd stays off of centralized exchanges, and bitusd gains more popularity and maintains the peg, expect Bitshares to be a sanctuary in a bear market. But, at the same time, expect it to fall back down when the bear market turns bullish.
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You lost me at
An increasingly ALT/Bitcoin bear market
This is the most bullish crypto market we've ever seen currently.
I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO
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How solid is this bitUSD peg? What are the risks associated?
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How solid is this bitUSD peg? What are the risks associated?
BitAssets work just as intended. With the price rising everyday, might be a time to either take a gain and hold bitUSD or short it for the adventurous.
Read:
https://bitshares.org/technology/price-stable-cryptocurrencies/
http://docs.bitshares.eu/bitshares/papers/index.html
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Tomorrow we are taking over Steem ;)
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I think that today we will take over Waves on Coinmarketcap ;)
wow.. nailed it.
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Tomorrow we are taking over Steem ;)
according to my estimation , STEEM's candle chart will rise significantly as well so ....not sure . :P
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You lost me at
An increasingly ALT/Bitcoin bear market
This is the most bullish crypto market we've ever seen currently.
I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO
look at Doge coin....do they have EOS + HERO ?
look at STR....
look at other crap coins......
it's not related to news.
it's related to the acceleration of an overall bullish market.
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You lost me at
An increasingly ALT/Bitcoin bear market
This is the most bullish crypto market we've ever seen currently.
I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO
look at Doge coin....do they have EOS + HERO ?
look at STR....
look at other crap coins......
it's not related to news.
it's related to the acceleration of an overall bullish market.
My guess is much of the price rise could be blamed on the inability to sell BTC on the exchanges... BTC holders (Chinese??) could be trying to lower their exposure by diversifying across other crypto's which is causing the spike in virtually every alt. The alt coin derivatives, such as many of the ethereum, nxt, and bitshares based assets have not seen as dramatic of a price rise. Question is, does this money that's flowed into the more liquid alt coins move to the less liquid alt coin derivative and assets? That could be the next boom...
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You lost me at
An increasingly ALT/Bitcoin bear market
This is the most bullish crypto market we've ever seen currently.
I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO
look at Doge coin....do they have EOS + HERO ?
look at STR....
look at other crap coins......
it's not related to news.
it's related to the acceleration of an overall bullish market.
Information asymmetry, my friend.
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You lost me at
An increasingly ALT/Bitcoin bear market
This is the most bullish crypto market we've ever seen currently.
I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO
look at Doge coin....do they have EOS + HERO ?
look at STR....
look at other crap coins......
it's not related to news.
it's related to the acceleration of an overall bullish market.
+5% I agree
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Tomorrow we are taking over Steem ;)
according to my estimation , STEEM's candle chart will rise significantly as well so ....not sure . :P
You were right ;)
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Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"
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Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"
I'd like to know that too. It's just crazy. Even for crypto markets.
I do enjoy it though, as long as it lasts :D
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Where did all the FUD go? I am used to read all that FUD when the price is moving
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Where did all the FUD go? I am used to read all that FUD when the price is moving
Ok... Here is what many consider FUD... Even though they are valid concerns.
1. And this is an obvious #1, bitshares is merely caught up in a giant alt coin pump. While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well? No.
2. The pump is being contained mostly to the centralized exchanges. Account creations is stagnant and transfers hasn't made a new high. Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.
3. The money isn't flowing to derivative projects for basically any of the major platforms. The money is staying one derivative below bitcoin. In real bull markets, small caps outperform large caps.
4. Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse. The debacle at blockpay and possible delay of stealth is very concerning. Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.
Whats bullish??
The inablility for people to withdraw bitcoin to fiat is bullish. It gives exposure to bitUSD or bitCNY as a low volatility solution. Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.
Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies. I think all of crypto, including BTS has either topped or will top this week. How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.
Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here. Parabolic markets always reverse and they reverse hard.
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Where did all the FUD go? I am used to read all that FUD when the price is moving
Ok... Here is what many consider FUD... Even though they are valid concerns.
1. And this is an obvious #1, bitshares is merely caught up in a giant alt coin pump. While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well? No.
2. The pump is being contained mostly to the centralized exchanges. Account creations is stagnant and transfers hasn't made a new high. Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.
3. The money isn't flowing to derivative projects for basically any of the major platforms. The money is staying one derivative below bitcoin. In real bull markets, small caps outperform large caps.
4. Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse. The debacle at blockpay and possible delay of stealth is very concerning. Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.
Whats bullish??
The inablility for people to withdraw bitcoin to fiat is bullish. It gives exposure to bitUSD or bitCNY as a low volatility solution. Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.
Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies. I think all of crypto, including BTS has either topped or will top this week. How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.
Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here. Parabolic markets always reverse and they reverse hard.
Although I do see you as being a consistent contrarian to must of the "hodlers" around here, I agree with most of what you said here. I too believe when this bull market in crypto ends BTS price will decline sharply. However, and your projections agree, it will not drop back to the lows in January. The reason is this crypto pump has brought more eyes on BitShares to see how undervalued it has been and the amazing tech that offers so much performance and many of the benefits other chains offer, such as human readable account names. Not to mention the other things nobody offers, such as infrastructure for AML / KYC compliance if that's what your business requires.
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Take profits imo. We got a 10x from the 300 level.
Dont sell it all! Just take profits and diversify. Dont be the noob who is in just one coin and has to suffer through its bear phases (like I was in 2014!) :D
I am diversifying into a lot of things that have not had huge 5-10x pumps recently.
Well, a couple of these have risen a lot, but I like them.
Things I like now, by market cap:
Monero
Maidsafe
Stratis (wait for a pullback imo)
Siacoin
Syscoin
Komodo
Counterparty
Vertcoin
Ubiq
I/OCoin
Rubycoin
Burst
Supernet
Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet. Many of the coins that were delisted are crap, but these are NOT and it was a mistake for polo to delist them imo. I researched the coins that were delisted because they all crashed, and these three stood out to me as being a mistake for polo to remove, and being undervalued due to the price crashing on delist. Honestly they are all super undervalued now, entirely as a result of their delisting, which is the only reason they dropped. I have been buying them since the delist.
IOC has a major release coming in the next two months.
Rubycoin was close to releaseing a trading app for poloniex (LOL polo), but will be doing it for bittrex instead.
Supernet is an NXT asset that holds a lot of crypto (IOTA, Komodo, etc), and is valued at well below the value of the assets it holds.
IOC and Ruby are on Bittrex. Supernet sadly isnt and you have to go to NXT asset exchange to get it, so if thats too annoying you can skip that one.
Diversify whatever of your cryptos have gone 10x recently like BTS, and put 5% of that amount into each of them on this list, and hold the remainder in BTC or even USD waiting for an altcoin correction. This is extremely likely to perform better for you and also be safer than remaining in one coin that has pumped.
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You guys sold some at 3000 with me right? 8)
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Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.
I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.
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Fire sale!
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You guys sold some at 3000 with me right? 8)
You jinx it.. :(
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Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"
I'd like to know that too. It's just crazy. Even for crypto markets.
I do enjoy it though, as long as it lasts :D
I was reading another blog on steemit today https://steemit.com/cryptocurrency/@jrcornel/updated-steem-price-analysis-steem-tops-the-usd1-mark and this time I paid attention to the "Japan factor", if this quote below is true, my wild guess is that part of the huge rise in price and trading volume both in BTS and STEEM might be the inclusion of BTS and STEEM in some of those exchanges, a very wild speculation, I know. In any case this huge rise in trading volume can only be a huge positive imo.
More than 10 brand new virtual currency exchanges are coming online right now in Japan. Plus, the consumption tax on virtual currency trading is being eliminated in June. That is causing massive demand from the region.
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Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.
I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.
You literally picked the one I was least sure about on my entire list, but ok. Dev is active in it, though not a lot of others are.
I can assure you thats not the case for most of the coins I listed, which have quite active communities.
If you make a mistake on one, well, thats why you diversify.
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afaik we are in Bitshares price discussion thread. Can we be ontopic? :)
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You guys sold some at 3000 with me right? 8)
it is really encouraging that so much ppl know everything
yes markets go up and down and often sideways
thats the nature of the game
and yes what goes up must come down, just none of you or anybody
will ever know when, why and less how much..all guesswork
some use Fibs
often markets go up and just retrace a bit, and than go up more..if this is a
possibility for you, just keep what you have and wait,
the buyers and seller are the pigs
If you dont believe in what you own, better dont own it in first place..
I love BTC and others as well, and I bet against it that BTC will be 1000 or less end of June
so we all have opinion, but thats a bout it..ask Warren Buffet about his strategy
PS: one thing is for sure,
one will be right and other will be wrong at the end, thats a 100% certain !
good luck guessing
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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?
I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.
What does the ratio of
MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?
I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.
What does the ratio of
MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com
Sent from my SM-G935T using Tapatalk
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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?
I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.
What does the ratio of
MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com
Sent from my SM-G935T using Tapatalk
WOW! Welcome back to the forums Riverhead, long time no see.
Guys, this is one of the early BitShares pillars here, one of the core community members who helped to make BitShares what it is, particularly the BitShares community. Hope all is will in your world James, and hope to see more from you here in the future.
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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?
I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.
What does the ratio of
MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com
Sent from my SM-G935T using Tapatalk
Thanks, I crudely added up the listed Market Cap for each Smartcoin AND UIA that have a trading volume of at least $0.3 per day to equal +/- $95MM.
Which is almost equal to the BitShares Market cap at time of posting of $100MM according to cryptofresh.
Is this public knowledge?
Is bts Martketcap = Smartcoin + UIA Marketcap expected?
Bts shareholders cannot easily raise the market cap of bts... but they certainly can increase the number of SmartCoins and UIAs available on the DEX.
Is the below image evidence that the price of bts is highly correlated to the volume of Smartcoins/UIAs?
If shareholders create smartcoins, and lockup bts in collateral, and increase the volume of SmartCoins does this translate directly into an increase in the price of bts?
(https://preview.ibb.co/eVTaO5/bts_mcap_is_equal_to_sc_uia_mcap.png) (https://ibb.co/nhYWwQ)
Does the volume of SmartCoins on the DEX create a floor for the price of bts?
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Is bts Martketcap = Smartcoin + UIA Marketcap expected?
I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.
Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.
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Is bts Martketcap = Smartcoin + UIA Marketcap expected?
I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.
Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.
Total value of all SmartCoins is ~$6.3MM. Hmm..
Are a lot of the large-volume UIA's backed by real assets held in a hot wallet?
For example, a larger volume UIA is OPEN.BTC - which is at least perceptually backed by bitcoin. Is this ENTIRELY irrelvent to the value of bts?
The fact that bts can facilitate services for $3MM OPEN.BTC must have some (even if teeny tiny) effect on the psychological perception of value of the BTS 2.0 network?
The other largest volume UIA's are OBITS, OPEN.ETH, OPEN.MUSE ($17MM).
These UIA's are at least partially backed by real assets, albeit not the bts asset.
Do we know what the total volume of SmartCoins/UIAs was before the recent price increase?
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Is bts Martketcap = Smartcoin + UIA Marketcap expected?
I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.
Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.
Total value of all SmartCoins is ~$6.3MM. Hmm..
Are a lot of the large-volume UIA's backed by real assets held in a hot wallet?
For example, a larger volume UIA is OPEN.BTC - which is at least perceptually backed by bitcoin. Is this ENTIRELY irrelvent to the value of bts?
The fact that bts can facilitate services for $3MM OPEN.BTC must have some (even if teeny tiny) effect on the psychological perception of value of the BTS 2.0 network?
The other largest volume UIA's are OBITS, OPEN.ETH, OPEN.MUSE ($17MM).
These UIA's are at least partially backed by real assets, albeit not the bts asset.
Do we know what the total volume of SmartCoins/UIAs was before the recent price increase?
Yeah, probably not entirely irrelevant. But the connection isn't an explicit analytical one like with smartcoins. I don't even know how to guess at the magnitude of the connection. I use my Bitshares account for several things. One of the things is to trade BTS, but I also use Openledger's services to trade between BTC, Steem, ETH, and smartcoins - often bypassing BTS entirely (except that I still owe fees in BTS). So it's not even clear to me how much value BTS obtains by being the base currency of the Openledger exchange. It's so complicated.
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I'd be interested to see a graph of the relationship over time.
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I'd be interested to see a graph of the relationship over time.
+5%
Does the data exist?
Archived states of the cryptofresh website over time?
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The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com
The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014
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We are on the ride today :)
Let's hope we reach $200 mil this week
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The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com
The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014
No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.
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The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com
The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014
No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.
How right you are
EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC
16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100
I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)
Also, when will the market cap of BitShares be equal to 21,000,000BTC?
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Been waiting for this a long time...
(https://i.gyazo.com/029f82fb5ce84f3286df6b522d6ccd01.png)
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WOW! Welcome bak to the forums Riverhead, long time no see.
Guys, this is one of the early BitShares pillars here, one of the core community members who helped to make BitShares what it is, particularly the BitShares community. Hope all is will in your world James, and hope to see more from you here in the future.
Thanks for the kind words, Thom :). I haven't been posting but I've still been spreading the good word about Bitshares to whoever will listen and correcting the many many misunderstandings out there about what Bitshares is and what it isn't.
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Been waiting for this a long time...
(https://i.gyazo.com/029f82fb5ce84f3286df6b522d6ccd01.png)
Tight race. Could crack the top 15 tonight if this push continues.
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The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com
The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014
No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.
How right you are
EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC
16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100
I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)
Also, when will the market cap of BitShares be equal to 21,000,000BTC?
We are ahead of Doge. That's all that matters. :)
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The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com
The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014
Yeah. I bought some at that price...
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EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC
16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100
I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)
Also, when will the market cap of BitShares be equal to 21,000,000BTC?
As of 17/05/17,10:16GMT
bts price: $0.047863
bts mcap: $124,495,711 (Overnight increase of +$12MM)
Total cryptomcap: $61,711,186,636 (The total size of the cryptomcap grew +$3,901,260,756 overnight) +6% in USD terms
BitShares 2.0's percentage share of the cryptomarket is today: 0.201%. An overnight gain of +0.011% of the market.
BitShares grew faster than the general trend of the market.
EDIT:
As of 12:30GMT 17/05/17 (according to cryptofresh.com)
BTS Market Cap: $119,650,915
BTS TOTAL SmartCoin Market Cap: $3,243,884
Ratio of BTS-MCAP / SC-MCAP: 36. BTS mcap is currently x36 SC-MCAP
SmartCoin Market Caps ($USD):
CNY: $1,838,179 (56% of total bts-SmartCoin market)
USD: $1,057,100 (32% total SC-Mcap)
EUR: $113,237 (3.5%)
BTC: $108,173 (3.3%)
Silver: $64,849 (1.9%)
Gold: $34,472 (1.04%)
AUD: $18,074 (low volume) (<1%)
GBP: $4,466 (<1%)
CAD: $1,939 (<1%)
JPY: $1,277 (<1%)
ARS: $605 (low volume) (<1%)
HKD: $578 (low volume) (<1%)
MXN: $546 (<1%)
RUB: $159 (low volume) (<1%)
CHF: $134 (low volume) (<1%)
KRW: $46 (low volume) (<1%)
SGD: $25 (low volume) (<1%)
NZD: $22 (low volume) (<1%)
SEK: $3 (low volume) (<1%)
https://bitsharestalk.org/index.php/topic,24159.msg306249.html#msg306249
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Who, who, who put to doges out?
(https://i.gyazo.com/6f528a8d85f3bdf65e7bd871f5e1eaff.png)
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https://www.youtube.com/watch?v=0HtyF0jux2Q
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What do you think about BTS/BTC price relation?
https://steemit.com/bitshares/@valtr/bitshares-price-rising
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BitShares Market Cap: $176,400,000
Cryptosphere Market Cap: $67,305,000,000
BitShares' Share of the Market: 0.26% Market Share has increased 0.07% in past 3 days. That is a %-increase in Market Share of 36%
Price/bts in USD: $0.0678
Price/bts in BTC: 0.00003492 BTC
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(https://preview.ibb.co/eTZGha/soclose.jpg)
(https://ibb.co/dwzhNa)
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Wow!
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I love BM !
If it wasn't for him , i could not have brought that much cheap BTS than I had 3 years ago.
Can he make that drop happen again ???
My big pocket is ready :P :P :P
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I love BM !
If it wasn't for him , i could not have brought that much cheap BTS than I had 3 years ago.
Can he make that drop happen again ???
My big pocket is ready [emoji14] [emoji14] [emoji14]
Without him it wouldn't exist so... there's that.
Sent from my SM-G935T using Tapatalk
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20/05/17 10:30AM GMT
BitShares Market Cap: $219,500,000
Price per bts: $0.0844
SmartCoin Market Cap Total: $4,500,000
CryptoSphere Market Cap: $69,186,000,000
BitShares' Market Share: 0.317%
BTS MCap / SC MCap Ratio: 48.
The marketcap of BTS is 48x the market cap of the SmartCoins that it enables
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And I think about each time I thought I'd lost my investment... Happy I just bought more when they were dirt cheap!
HODL!
Envoyé de mon iPhone en utilisant Tapatalk
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Happy to see you guys... happy! I don't own any Bitshares anymore, but just wanted to drop in and say congrats! This was always a solid community, and felt you folks deserved to be rewarded. :)
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Happy to see you guys... happy! I don't own any Bitshares anymore, but just wanted to drop in and say congrats! This was always a solid community, and felt you folks deserved to be rewarded. :)
Thanks :) Just broke $0.10
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Happy to see you guys... happy! I don't own any Bitshares anymore, but just wanted to drop in and say congrats! This was always a solid community, and felt you folks deserved to be rewarded. :)
Thanks :) Just broke $0.10
+5% +5% +5% +5%
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21/05/17 08:53AM GMT
BitShares Market Cap: $275,000,000
Price per bts: $0.1059
SmartCoin Market Cap Total: $5,000,000
CryptoSphere Market Cap: $72,097,000,000
BitShares' Market Share: 0.381%
BTS MCap / SC MCap Ratio: 55.
The marketcap of BTS is 55x the market cap of the SmartCoins that it enables
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Bitshares has grown in value by 2500% over three months.
That's really amazing.
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Good to see Bitshares doing well these days. It has been a while since I have popped in here. I have been investing for quite some time but have been caught up with STEEM. Do you guys see yourselves integrating STEEM with this forum? Or do yall have plans to migrate over to ChainBB when the time is right?
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Bitshares has grown in value by 2500% over three months.
That's really amazing.
It is .. but what are the fundamentals for this astronomical rise?
I think we could easily x50 with STEALTH in the picture from here ..
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Bitshares has grown in value by 2500% over three months.
That's really amazing.
It is .. but what are the fundamentals for this astronomical rise?
I think we could easily x50 with STEALTH in the picture from here ..
Considering that the anonymous coins are outperforming mostly everything, I would say you are correct... We still haven't heard anything out of blockpay regarding stealth or their current issues. Golden opportunity that was missed by the blockpay team.
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I would also like to know what is the status with stealth...It is about time that we reclaim our 4th position in CMC :)
P.S. I am so upset with myself I panicked and sold most of my bts @$0.01..BIG MISTAKE!
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I would also like to know what is the status with stealth...It is about time that we reclaim our 4th position in CMC :)
P.S. I am so upset with myself I panicked and sold most of my bts @$0.01..BIG MISTAKE!
Hi @mf-tzo IMO it is better to throw away all my BTS in case of total failure than sell all of them cheaper than 1 USD/BTS.
Maybe strange opinion but looking at Ethereum price there is no reason BitShares should be worthless.
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Does coinmarketcap take into account the reserved coins of bitshares?
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Does coinmarketcap take into account the reserved coins of bitshares?
I think not
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I've been puzzled recently about the significant difference between the price for BTS/BTC and BTS/CNY (10-15% some times). It seems there's a premium if you want to buy BTS with CNY, and it's much cheaper with BTC.
I'm no trader so I'm not the type to do arbitrage trading, but I guess it could be kind of profitable for whales to do so?
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I've been puzzled recently about the significant difference between the price for BTS/BTC and BTS/CNY (10-15% some times). It seems there's a premium if you want to buy BTS with CNY, and it's much cheaper with BTC.
I'm no trader so I'm not the type to do arbitrage trading, but I guess it could be kind of profitable for whales to do so?
If by BTC you mean bitBTC, there is no arbitrage opportunity here, since it is traded at premium against OPEN.BTC and other assets.
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Hope everyone enjoyed being rich for a week
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P.S. I am so upset with myself I panicked and sold most of my bts @$0.01..BIG MISTAKE!
Ugh, same here.
I had to sell 90% of my BTS position last month... every time I look at the charts I want to vomit.
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Hope everyone enjoyed being rich for a week
Looks like it will recover. Anytime Bitcoin has a run, most alt's are sold off as exchanges such as Poloniex are mostly traded vs btc.
This could help: https://bitsharestalk.org/index.php/topic,24130.0.html
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Hope everyone enjoyed being rich for a week
Looks like it will recover. Anytime Bitcoin has a run, most alt's are sold off as exchanges such as Poloniex are mostly traded vs btc.
This could help: https://bitsharestalk.org/index.php/topic,24130.0.html
Indeed, and it's still only down about 20% from the high.
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I've been puzzled recently about the significant difference between the price for BTS/BTC and BTS/CNY (10-15% some times). It seems there's a premium if you want to buy BTS with CNY, and it's much cheaper with BTC.
I'm no trader so I'm not the type to do arbitrage trading, but I guess it could be kind of profitable for whales to do so?
If by BTC you mean bitBTC, there is no arbitrage opportunity here, since it is traded at premium against OPEN.BTC and other assets.
I was referring to the external exchanges in this case, BTS is traded at a premium on exchanges on which it's traded for CNY (BTC38 for example) compared to those on which it's traded for BTC (Poloniex).
Hope everyone enjoyed being rich for a week
Looks like it will recover. Anytime Bitcoin has a run, most alt's are sold off as exchanges such as Poloniex are mostly traded vs btc.
This could help: https://bitsharestalk.org/index.php/topic,24130.0.html
I'm not worried, I wasn't expecting the trip to be smooth. Bitcoin has had hard times after the first run up to a 1000$ at the end of 2013. It stayed at about a quarter of its ATH for almost a year before it recovered.
Anyway, a little dip like the one BTS just had gives an opportunity to get in for those who just noticed Bitshares. I'm just happy it went up from the 0.003-0.005$/BTS zone in which it was stuck for a very long time.
I'm still bullish long term (3-5 years). I won't say "To the moon!", because honestly it doesn't make sense, but I believe Bitshares could have a market cap of at least a few billions by 2020, maybe more if interesting new projects are developed around the platform. At some point speculation will play a lesser role on BTS price and it will be less volatile than it is right now, and 25% instant price dips like we saw yesterday will be less likely to happen.
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Hope everyone enjoyed being rich for a week
(https://i.imgflip.com/1pr58i.jpg)
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We're far away from max capacity and still growing, so...
According to Dan's EOS presentation when we compare daily transactions it is:
Bitshares + Steem > Bitcoin + ETH + any other blockchain.
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Off 30% in the last 2 days... Crashing with the rest of the crypto space.
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Make that 40%
3rd worst performing crypto out of the top 20 over the last week
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Make that 40%
3rd worst performing crypto out of the top 20 over the last week
Does it really matter long term? Every time btc makes a run up or down it gets plastered all over the news. The last two weeks have been interesting as some of the articles are actually mentioning other coins along with BTC, ICO's, etc...
Dips like these are nothing out of the norm in crypto space?
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Am I the only one awake to witness this blood bath?
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Am I the only one awake to witness this blood bath?
Hopefully smart coins shorters are enough collaterized.
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Ha-ha, btsbots sold all my BTS right when the dump started. My gratitude to suckers who bought it :)
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Well, it was good fun while it lasted.
Let's hope we don't fall all the way down to <$0.01 again at least.
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Ha-ha, btsbots sold all my BTS right when the dump started. My gratitude to suckers who bought it :)
Well not everybody lost on that drop... Seems like btsbots worked for you well!
I had a few bitUSD sell orders hanging I forgot to cancel a couple of weeks ago that got filled at about 0.04$. I guess it qualifies as luck... for now!
It may drop much further before we see the bottom.
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We will reach 300 million market cap by next Sunday :)
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Ha-ha, btsbots sold all my BTS right when the dump started. My gratitude to suckers who bought it :)
If that sucker bought all the way to the bottom, then at the moment he'd be pretty happy with his 30% increase in btc. I wish I was a sucker that got 30% profit on his mistakes.
I know I shouldn't but I had a little chuckle at all the jaded bts-veteran remarks. Seems the long bear market has traumatized people in not being able to believe the price could possible rise.
I'm not saying it will rise btw, I've only been part of crypto since the mtgox collapse and bear market. I've never experienced an uptrend like this and I also have a hard time trusting it.
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We will reach 300 million market cap by next Sunday :)
Market cap will be $400 million by 13th of June 2017 ;)
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Looking at the big block trades on polo. Sure seems like a ton of the float has been locked up in wale accounts.
At least this is my hope 8)
But what's the next big thing for bts? Idk but I'll take a gander.
We got fast transactions, decentralized exchange, and pegged currencies.
Playing to those strengths this would be an optimal world for bts: BTC scaling debate resurfaces, major exchange is hacked, panic sell on major exchange impacts USDT.
In each of these situations bts has a shot to win.
Hope we can blow past steem market cap.
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We will reach 300 million market cap by next Sunday :)
Market cap will be $400 million by 13th of June 2017 ;)
Great call
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We will reach 300 million market cap by next Sunday :)
Market cap will be $400 million by 13th of June 2017 ;)
Great call
I call bullshit. vegolino said 13th. Today is 8th. :))
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Now on the DEX 6,61 BTS/bitUSD and BTS/BTC just trading above high of 21 May.
I thing we all dreamed about such prices since the star of BTS 2.0
To be honest I do not know what exactly is behind this surge. Too wild ride.
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I think bitAssets particularly bitCNY is driving us to the moon. The Chinese are waking up at the value of trading bitCNY, I watched volume double, almost triple last night. It was fascinating :D
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bts will list on CHBTC.
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bts will list on CHBTC.
any more details?
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bts will list on CHBTC.
any more details?
China bitcoin exchange(chbtc.com), one of the most famous bitcoin exchanges and the biggest ETC/ETH exchange in China, has just announced that Bitshares will be listed for trading at 12:00 AM, June 9th, Beijing time.
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Ok thanks, gotto go :) get some more
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This is crazy I thought that it is going to take till end of the year before 1BTS = 1$ but now I think ti is going to be much sooner ;)
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(https://s20.postimg.org/a3ujon9b1/buying-bitshares.png)
(https://s20.postimg.org/hxv5a1h3x/you-were-born-5939ef.jpg)
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https://steemit.com/bitshares/@tuck-fheman/the-sound-of-price-song-parody (https://steemit.com/bitshares/@tuck-fheman/the-sound-of-price-song-parody)
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What's the reason for BTS price finally rising to where it belongs? Any news?
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What's the reason for BTS price finally rising to where it belongs? Any news?
Memes. It's always memes.
Very few are aware of this, but memes drive the entire cryptocurrency market.
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Wow
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(https://s-media-cache-ak0.pinimg.com/736x/0e/3d/f6/0e3df60cabeec611be2872b82db57458.jpg)
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Damn it, I can't believe it!
Is there any way to spend these money legally? Where can I find instructions on how do I pay taxes on profit generated by trading bot?
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Wow. 100x increase from the lows.
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What's the reason for BTS price finally rising to where it belongs? Any news?
Now, this is very interesting question! Is this @Stan and Hero thing preparing for launch, is it CHbtc with its pump and dump machine or something else? Maybe someone will do proper analysis. Anyway welcome to first 10 market cup club. This is best marketing campaign for Bitshares, ever.
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This is nothing yet. Just wait until DEX becomes #1 exchange in the world by volume. In last few days we jumped from some 180K+ accounts to over 240K and that's just the beginning of DEX discovery.
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What's the reason for BTS price finally rising to where it belongs? Any news?
Now, this is very interesting question! Is this @Stan and Hero thing preparing for launch, is it CHbtc with its pump and dump machine or something else? Maybe someone will do proper analysis. Anyway welcome to first 10 market cup club. This is best marketing campaign for Bitshares, ever.
Stan? Are the Larimer's even involved with this project anymore? Thought they jettisoned BitShares after moving on to Steem. Sure felt that way.
After digging around it seems like Stan's back to promote Dan's next thing. The tech is interesting but I personally don't have much faith in the Larimer's business acumen. But who knows, this space is still so young they may not actually need it.
Anyway, as best I can tell the rise is probably a pump based on EOS and CHBTC hype. Or certain people have insider info about BitShares and its development. Wouldn't be the first time.
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(http://i.imgur.com/bG21IhH.png)
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What's the reason for BTS price finally rising to where it belongs? Any news?
Now, this is very interesting question! Is this @Stan and Hero thing preparing for launch, is it CHbtc with its pump and dump machine or something else? Maybe someone will do proper analysis. Anyway welcome to first 10 market cup club. This is best marketing campaign for Bitshares, ever.
Stan? Are the Larimer's even involved with this project anymore? Thought they jettisoned BitShares after moving on to Steem. Sure felt that way.
After digging around it seems like Stan's back to promote Dan's next thing. The tech is interesting but I personally don't have much faith in the Larimer's business acumen. But who knows, this space is still so young they may not actually need it.
Anyway, as best I can tell the rise is probably a pump based on EOS and CHBTC hype. Or certain people have insider info about BitShares and its development. Wouldn't be the first time.
Four errors in as many sentences.
The results you see are due to exposure of BitShares to quite a few whales.
Four recent sources of exposure that lay out what's about to happen.
The Video:
https://vimeo.com/220235370
The Magazine: http://www.magcloud.com/browse/issue/1313226
The Website: SovereignHero.com
The Blog: https://steemit.com/@Stan
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Wow. 100x increase from the lows.
And that's before the next 1000x in the Billion Hero Challenge!
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Wow. 100x increase from the lows.
And that's before the next 1000x in the Billion Hero Challenge!
Appreciate the efforts Stan. +5% +5%
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Wow. 100x increase from the lows.
And that's before the next 1000x in the Billion Hero Challenge!
Appreciate the efforts Stan. +5% +5%
Give me a break. This is the 100th time Stan has endorsed scammers claiming their project will be the next big thing for Bitshares. This is just a random pump in a random alternative coin bull market which is pumping random coins arbitrarily. What goes up must come down.
Stan endorsed the following as the latest and greatest things for Bitshares:
Protoshares...
AGS...
Tried PTS2.0, but no one was having it...
Used Kevin Harrington's name...
MUSE...
VOTE...
DNS...
Play...
Identabit...
Lottoshares...
Peak Venture Group...
Bitshares ATMs...
Banx...
Bitshares Stealth...
Mutual Aid Societies...
Steem...
EOS...
Stan talks to an old lady at the grocery store and spins it as if Oprah will be investing her net worth into BTS tomorrow. Now something with the dumbest name like "HERO" is going to be Bitshares' savior? lol. There's so much elaborative scamvertising on that web site that I would be wasting my time tearing it apart. IMO, he is just stringing us along so we don't come after daniel and company for breach of contract (AGS/PTS/etc.)
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Like what have you done? It's people like you and the infighting that's caused a lot of people to stay away from bitshares in the past.
Anyway, Dan and Stan, thanks for everything you've done. I love the HERO and I totally believe in your vision. I'd like to contact you because I'm part of a worldwide network of entrepreneurs and business leaders. I'd like to introduce you to our leader and perhaps you can do a talk in one of our events. A lot of business people in our network wants to understand what cryptocurrency and bitshares are and how they can apply it to their businesses. Our network has Anthony Robbins, Richard Branson, Robert Kiyosaki and a lot of influential people speak at our events. I believe HERO can definitely change the world and our group can help.
Please contact me so I can set you up a meeting as soon as possible. I am located in Los Angeles. Hope to hear from you soon. Thanks.
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This is nothing yet. Just wait until DEX becomes #1 exchange in the world by volume. In last few days we jumped from some 180K+ accounts to over 240K and that's just the beginning of DEX discovery.
+5% Volume one DEX is rising and more pairs are liquid. IMO this single thing is sign of bright future.
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and if ICOs start using bitusd and bitcny for their funding THAT would be amazzing also..For example EOS ICO should be at least 40% in bitusd and bitcny imho.
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Like what have you done?
I have done a lot more than you Mr. just showed up last week. You can't even begin to understand what I'm talking about, as you don't know what most of the things on that list are and what they meant to Bitshares.
I have been one of Bitshares' biggest evangelists since the get go, and brought many people into the ecosystem from Bitcointalk since 2013. I spent countless hours debating PoW zealots on the merits of dPoS, black swan naysayers on the promise of bitAssets, spreading awareness about the huge need for decentralized exchanges within the cryptocurrency ecosystem, and defending the Larimers personally from antagonists (antagonists who ended up being correct all along about them.) I take it personal because little beknownst to me at the time... I was promoting a bunch of scammers (Larimer and gang). I care about my reputation and never want to participate in any scams or see people scammed, so it is easy to see why my disdain for the Larimers is such. My crypto-related businesses (physical cryptocurrency minting + another one in development) rely on people placing their trust in me. Promoting Bitshares has harmed my reputation.
Furthermore, Dan, Stan and company continue to ignore the contract they agreed upon on these very forums. A contract of which I was a participant in by donating funds to AGS. Research PTS/AGS and how they were marketed by Stan. Just read his past posts. Research the Bitshares merger. Another big clusterfuck. The Larimer's have brought this "infighting" upon themselves by reneging on our contract. Don't you blame me for any of this for a second, and if you do then it is out of pure ignorance.
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Wow. 100x increase from the lows.
And that's before the next 1000x in the Billion Hero Challenge!
Appreciate the efforts Stan. +5% +5%
Give me a break. This is the 100th time Stan has endorsed scammers claiming their project will be the next big thing for Bitshares. This is just a random pump in a random alternative coin bull market which is pumping random coins arbitrarily. What goes up must come down.
Stan endorsed the following as the latest and greatest things for Bitshares:
Protoshares...
AGS...
Tried PTS2.0, but no one was having it...
Used Kevin Harrington's name...
MUSE...
VOTE...
DNS...
Play...
Identabit...
Lottoshares...
Peak Venture Group...
Bitshares ATMs...
Banx...
Bitshares Stealth...
Mutual Aid Societies...
Steem...
EOS...
Stan talks to an old lady at the grocery store and spins it as if Oprah will be investing her net worth into BTS tomorrow. Now something with the dumbest name like "HERO" is going to be Bitshares' savior? lol. There's so much elaborative scamvertising on that web site that I would be wasting my time tearing it apart. IMO, he is just stringing us along so we don't come after daniel and company for breach of contract (AGS/PTS/etc.)
Wow. Thanks for compiling that list.
I had forgotten how many hours I've spent providing free support to entrepreneurs who want to build on BTS. Good thing I stopped talking about all the things I've tried, or your list would be three times longer!
Can't really call any of them "scams".
"Failed initiatives" perhaps. Just shows how rare a successful project can be.
And we've had several such successes, with a combined market cap well into the billions.
Anyhow, it pleases me when I put an opportunity out there on a silver platter and watch those who lack understanding poo-poo it. Natural selection in action!
As Jesus once said, "He who has ears to hear, let him hear."
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Like what have you done?
I have done a lot more than you Mr. just showed up last week. You can't even begin to understand what I'm talking about, as you don't know what most of the things on that list are and what they meant to Bitshares.
I have been one of Bitshares' biggest evangelists since the get go, and brought many people into the ecosystem from Bitcointalk since 2013. I take it personal because little beknownst to me at the time... I was promoting a bunch of scammers (Larimer and gang). I care about my reputation and never want to participate in any scams or see people scammed, so it is easy to see why my disdain for the Larimers is such. My crypto-related businesses (physical cryptocurrency minting + another one in development) rely on people placing their trust in me. Promoting Bitshares has harmed my reputation.
Furthermore, Dan, Stan and company continue to ignore the contract they agreed upon on these very forums. A contract of which I was a participant in by donating funds to AGS. Research PTS/AGS and how they were marketed by Stan. Just read his past posts. Research the Bitshares merger. Another big clusterfuck. The Larimer's have brought this "infighting" upon themselves by reneging on our contract. Don't you blame me for any of this for a second, and if you do then it is out of pure ignorance.
We just did a billion dollar "share drop" on all believers in this community.
If you had just watched our latest video ...and not scoffed.
https://vimeo.com/220235370
Only been blogging about This Summer for 15 months... for believers only.
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The way I see it is we're gaining traction. We should be happy and keep innovating. Innovation got is here, the jobs not done yet but we're getting there.
I say we should take our rightful place with EOS and use our development budget to make things even better and market ourselves
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Call me bullish.
But BitShares seems to me to have more utility that etc at minimum. So we should be able to beat its market cap.
Further, I bet the bitcoin scaling conversation will get going full force soon. Checkout those transaction times! https://blockchain.info/charts/avg-confirmation-time?daysAverageString=7×pan=1year
If bitcoin scaling is under review, I bet eth will also be under review. (infact everything slow will be getting reevaluated)
USDT is also on bitcoin block chain, so it will need reevaluation. (win for bts pegged coins)
Overall, I'm very worried the whole crypto market is going to deflate. But I think bitshares has a good opportunity to capture market share.
I'm thinking multi X USD and BTC gains are potential in the coming months for bts hodlers.
How much volatility we see between here and there is yet to be determined.
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Market action on BTS price is sooooo boring right now. I got used to the wild rides...
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Anybody care to ELI5 (explain like im 5) why bts is trading at %8 -10 premium in chineese CNY exchanges then the european BTC exchanges. The thing I dont get is, isnt that premium enough for some arbitrage bots to take advantage of?
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Anybody care to ELI5 (explain like im 5) why bts is trading at %8 -10 premium in chineese CNY exchanges then the european BTC exchanges. The thing I dont get is, isnt that premium enough for some arbitrage bots to take advantage of?
Buy pressure in China is higher than Europe / USA. I think a combination of account creation barriers and withdrawal limits are keeping that gap as wide as it is, however I'm sure there are some people making a killing off of it.
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Anybody care to ELI5 (explain like im 5) why bts is trading at %8 -10 premium in chineese CNY exchanges then the european BTC exchanges. The thing I dont get is, isnt that premium enough for some arbitrage bots to take advantage of?
Barrier for me is a language. I don't understand a damn on btc38. Should not be a problem for Chinese though.
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I think bots or no bots there is always counterparty risk to consider that for some people it is really important risk. I never left any funds in any exchange for example more than a couple of hours because of counterparty risk. I lost many arbitrage opportunities in the past, lost a lot from no stop losses orders on the DEX but at least I know that my funds are really my funds and I can sleep with a piece of mind in the night.
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The tech is interesting but I personally don't have much faith in the Larimer's business acumen.
Yeah, it's not like Bitshares is #9 on coinmarketcap, nor is STEEM at #16...
I'd say that is quite an accomplishment. If you feel you can lead a devel team with "better business acumen", I highly suggest you do it.
Perhaps I don't have much faith in @Yoshi's business acumen. Why don't you really re-evaluate yourself instead of spreading unnecessary concerns about the Larimers. They're not in charge of how intelligent a market is to respond to good technology. Any idiot with funds can misdirect them to any of those hundreds of altcoins out there as they see fit... that's why traction is slow. So I wish people would stop stoning the Larimers in public. It's really starting to get annoying.
The Larimers have good business acumen. It's the bulk of the cryptotraders out there in the wild that don't (but that's improving day by day, and so is the price of BTS and STEEM as a result). Make sense now?
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Where did all the FUD go? I am used to read all that FUD when the price is moving
Ok... Here is what many consider FUD... Even though they are valid concerns.
1. And this is an obvious #1, bitshares is merely caught up in a giant alt coin pump. While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well? No.
2. The pump is being contained mostly to the centralized exchanges. Account creations is stagnant and transfers hasn't made a new high. Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.
3. The money isn't flowing to derivative projects for basically any of the major platforms. The money is staying one derivative below bitcoin. In real bull markets, small caps outperform large caps.
4. Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse. The debacle at blockpay and possible delay of stealth is very concerning. Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.
Whats bullish??
The inablility for people to withdraw bitcoin to fiat is bullish. It gives exposure to bitUSD or bitCNY as a low volatility solution. Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.
Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies. I think all of crypto, including BTS has either topped or will top this week. How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.
Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here. Parabolic markets always reverse and they reverse hard.
Serious question, Any change in your concerns? I know not much changed on fundamentals but there are some good signs. Blockpay on track (?) again, blockchain making profit for the second time in its history, price being >0.3$ etc.
Do you still think "... bts at $0.015 by the end of June." ? because that is a hell of tanking from 32 cents.
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Where did all the FUD go? I am used to read all that FUD when the price is moving
Ok... Here is what many consider FUD... Even though they are valid concerns.
1. And this is an obvious #1, bitshares is merely caught up in a giant alt coin pump. While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well? No.
2. The pump is being contained mostly to the centralized exchanges. Account creations is stagnant and transfers hasn't made a new high. Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.
3. The money isn't flowing to derivative projects for basically any of the major platforms. The money is staying one derivative below bitcoin. In real bull markets, small caps outperform large caps.
4. Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse. The debacle at blockpay and possible delay of stealth is very concerning. Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.
Whats bullish??
The inablility for people to withdraw bitcoin to fiat is bullish. It gives exposure to bitUSD or bitCNY as a low volatility solution. Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.
Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies. I think all of crypto, including BTS has either topped or will top this week. How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.
Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here. Parabolic markets always reverse and they reverse hard.
Serious question, Any change in your concerns? I know not much changed on fundamentals but there are some good signs. Blockpay on track (?) again, blockchain making profit for the second time in its history, price being >0.3$ etc.
Do you still think "... bts at $0.015 by the end of June." ? because that is a hell of tanking from 32 cents.
Well a week later bts topped out and fell around 60%, but the crypto spike resumed shortly after.
The good news is there was a spike in account creations and transfers, as well as the platform turning a profit for the first time. The increase in bitcny and bitusd is also a good sign that people are coming into the system.
A 95% crash would be doubtful to happen in less than 2 weeks... The whole crypto sphere can easily give a 50% haircut in a couple days. If this happened I doubt bts would be spared, but a retrace back to say 15 cents wouldn't be that out of the question
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21/05/17 08:53AM GMT
BitShares Market Cap: $275,000,000
Price per bts: $0.1059
SmartCoin Market Cap Total: $5,000,000
CryptoSphere Market Cap: $72,097,000,000
BitShares' Market Share: 0.381%
BTS MCap / SC MCap Ratio: 55.
The marketcap of BTS is 55x the market cap of the SmartCoins that it enables
19/06/17 18:58PM GMT
BitShares Market Cap: $856,500,000
Price per bts: $0.329
SmartCoin Market Cap Total: $18,000,000
CryptoSphere Market Cap: $112,400,000,000
BitShares' Market Share: 0.76%
BTS MCap / SC MCap Ratio: 47.
The marketcap of BTS is currently 47x the market cap of the SmartCoins that it enables.
=======
Over the past ~month:
1) BitShares has doubled it's share of the crypto-market
2) More than tripled the market cap of it's SmartCoin products
3) Has kept a similar APPROXIMATE 50:1 ratio of BTS Mcap to SmartCoin issuance.
I propose that for every extra $1 worth of SmartCoins borrowed into circulation; a corresponding $50 of value is added to the BitShares Ecosystem (MarketCap)
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$0.05 spread from the other exchanges to Poloniex, interesting. I noticed Poloniex has usually only been $0.01 or $0.02 lower in recent history.
Wonder why?
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We're down a substantial way from $.32 a few weeks ago. Surprised that there aren't that many comments here since.
(Hope you're all alive :D)
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We're down a substantial way from $.32 a few weeks ago. Surprised that there aren't that many comments here since.
(Hope you're all alive :D)
Still alive and still holding my breath hoping BTS price won't drop enough to get margin called.
It takes solid nerves to stick to a leveraged strategy when BTS price falls like a rock. But looking at the current smartcoins market cap I guess I'm not the only one willing to take that risk.
This is encouraging, it means there are several others bullish even with the current correction.
The damn question is: When will the downward trend reverse?
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But looking at the current smartcoins market cap I guess I'm not the only one willing to take that risk.
IMO a very low smartcoin market cap would be indicative of BTS bullishness. (Everyone would sell their smartcoins for BTS and when no more buyers remained, smartcoin holders would force settle to be holding BTS on the way up.)
Is this what you mean? Is there a low smartcoin market cap right now? bitUSD is at 5,618,042 right now, but I don't know if that is low compared to other times.
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We're down a substantial way from $.32 a few weeks ago. Surprised that there aren't that many comments here since.
(Hope you're all alive :D)
Still alive and still holding my breath hoping BTS price won't drop enough to get margin called.
It takes solid nerves to stick to a leveraged strategy when BTS price falls like a rock. But looking at the current smartcoins market cap I guess I'm not the only one willing to take that risk.
This is encouraging, it means there are several others bullish even with the current correction.
The damn question is: When will the downward trend reverse?
BTS could fall to 30 million and it would still be an outstanding return from this same time last year.
Just keep that in mind when think BTS is "undervalued" at 450 million. There is a lot of room below.
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But looking at the current smartcoins market cap I guess I'm not the only one willing to take that risk.
IMO a very low smartcoin market cap would be indicative of BTS bullishness. (Everyone would sell their smartcoins for BTS and when no more buyers remained, smartcoin holders would force settle to be holding BTS on the way up.)
Is this what you mean? Is there a low smartcoin market cap right now? bitUSD is at 5,618,042 right now, but I don't know if that is low compared to other times.
What I meant is if the market cap of smartcoins is high, shorters are bullish cause they're willing to take the risk. But you're right, the other way around is true. People who wish to hedge their position are bearish and create demand for smartcoins.
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We're down a substantial way from $.32 a few weeks ago. Surprised that there aren't that many comments here since.
(Hope you're all alive :D)
what would you like to hear
OMG BTS went up like a rocket and now comes down like a failed rocket, or what would you make happy to hear?
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After seeing Bitcoin go from nothing to $2500 today and everything in between, this is nothing! I've never seen more news articles and regular people talking about blockchains then ever before. Blockchain technology may finally be rising up from the basement.
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Stan posted an article at steemit.com I just read. He mentioned that Poloniex is having (or had) problems with BTS transfers and STEEM transfers.
A lot of value is following through Poloniex. I have no idea what is up with them. Anyone else know?
I think Poloniex is a contributing factor to what we're seeing at coinmarketcap.com with all currencies they carry.
Here's a quote:
This week, for example, Poloniex shut down withdrawals of BitShares and Steem blaming it on the developers of those blockchains. No other exchange had such troubles. What exactly was Poloniex doing behind the scenes with your money?
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BTS may have just bottomed out. All the problems with the chain going down and halting of activity, yet the price is starting to rally. This is a classic pattern that frequently happens with stocks. When something fails to go down on bad news, it often means the selling is over.
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BTS may have just bottomed out. All the problems with the chain going down and halting of activity, yet the price is starting to rally. This is a classic pattern that frequently happens with stocks. When something fails to go down on bad news, it often means the selling is over.
Whoa whoa, this is huge. lil_jay890 being slightly bullish!
Interesting times... :P
(Not just yanking your chain btw, I've always appreciated your input over the years.)
Here's hoping. +5%
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How is it that the whole crypto market moves in such uniformity?
Only example I can think of is looking at poloniex where everything is vs btc traders are simply converting alts > btc > usdT? Even with such a war between BTC devs about segwit, I can't see the logic of simply exiting the crypto space?
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Down 30% today. That's a big ouch.
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Such red, very stressful, many suicides, so downhill.
wow
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And my portfolio is still doing good. God bless btsbots :)
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So much ouch... Holding tight, we'll see the sun again, sooner or later! I don't think we've seen the bottom though. Or have we?
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BTS may have just bottomed out. All the problems with the chain going down and halting of activity, yet the price is starting to rally. This is a classic pattern that frequently happens with stocks. When something fails to go down on bad news, it often means the selling is over.
Well that call was wrong. The bottom has fallen out from under everything. Still an outstanding return year over year though. And I don't mind seeing late coming lemmings getting crushed.
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Glad I sold at $0.34 :P
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Glad I sold at $0.34 :P
Sure, rub it in our faces :P
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I am going to just wait till 1st August. Im just going to forget the fact that I invested on BTC.
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I'm surprised to see all the other currencies/projects showing double digit recovery and see Bitshares almost at a stand still... It reminds me of the old days...
So, where's that Hero marketing campain? It's radio silence since it kicked in like 2 weeks ago... Guess we'll need to be patient
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Guess we'll need to be patient
disagree, "we" need to start working and stop hoping for others to take us to the moon
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I'm surprised to see all the other currencies/projects showing double digit recovery and see Bitshares almost at a stand still... It reminds me of the old days...
During recent pump&dump, bts lagged behind top cmc coins, but pumped higher and dumped deeper. This trend will probably continue.
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I'm surprised to see all the other currencies/projects showing double digit recovery and see Bitshares almost at a stand still... It reminds me of the old days...
So, where's that Hero marketing campain? It's radio silence since it kicked in like 2 weeks ago... Guess we'll need to be patient
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Latest Huffington Post Article (http://steem.link/9Fc8i) widely syndicated...
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Guess we'll need to be patient
disagree, "we" need to start working and stop hoping for others to take us to the moon
Couldn't agree more fav. But for those of us who are not technical, it would be nice to see us form a committee tasked with X and then hire someone to do it. It seems there's an element of paralysis this decentralisation has, at least until we have more members.
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I'm surprised to see all the other currencies/projects showing double digit recovery and see Bitshares almost at a stand still... It reminds me of the old days...
So, where's that Hero marketing campain? It's radio silence since it kicked in like 2 weeks ago... Guess we'll need to be patient
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Latest Huffington Post Article (http://steem.link/9Fc8i) widely syndicated...
Interesting article indeed! But Bitshares on EOS next year, that's insider's info being leaked! [emoji12]
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such price.
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so decimated
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wow
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back to normal (almost)
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back to normal (almost)
Really hard to say what's normal anymore... The last year has been insane. Anyone remember when "normal" was 40c or .003c? I think we're still well in the price-discovery phase. Very few people have actually figured out how useful BTS is. All coins are a company but BTS has a useful product which is very rare.
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WOW !
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WOW !
Why ??
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他妈的 ..
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Bad day for crypto. Reminds me of the old saying, ""The bull walks up the stairs, and the bear jumps out the window.”
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BTC tx backlog spiked, wonder how much of the price decline is people simply removing coins from exchanges? Very mixed messages about what's actually going to happen in China. Some say its a temporary halt on ICO's, others say the exchanges will stop trading? Does that mean coins will be stuck on exchanges?
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wow, such blood on the street. it is almost buy time
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Price was bottoming out and still crashed like 50% :o
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Price was bottoming out and still crashed like 50% :o
That makes zero sense.
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I'm looking for bitshares' road map but I can't see it. is there anyone to help me?
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Damn.
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Hi All, I'm wondering what is happening to bitshares? I'm lost as to why I continues to under perform compared to others. I've invested 60k bts and am prepared to hold but cant help but think I've made a mistake.
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Hi All, I'm wondering what is happening to bitshares? I'm lost as to why I continues to under perform compared to others. I've invested 60k bts and am prepared to hold but cant help but think I've made a mistake.
If you have been around for a few years you would have seen BitCoin go up and down just the same. BitShares has a strong technology, team, and community around it, no reason it will not go back up. Simply compare it's technology to others and you will see why.
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These price swings are so healthy in the long run.
There are many coins that have yet to have their loyalties and confidence tested.
There are also many coins that previously competed with Bitshares, that died off long ago.
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Ouch. :o
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These price swings are so healthy in the long run.
There are many coins that have yet to have their loyalties and confidence tested.
There are also many coins that previously competed with Bitshares, that died off long ago.
That was awkwardly phrased. What I meant was, does anyone remember Nubits?
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So, I'm a big believer in the bitshares network, and a lifetime member account.
That said, what happens if the bitshares price completely tanks. Can the network continue to function? Will the network continue to function?
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So, I'm a big believer in the bitshares network, and a lifetime member account.
That said, what happens if the bitshares price completely tanks. Can the network continue to function? Will the network continue to function?
Network functions are easily adjusted to BTS price (i.e. fees, margin call price etc).
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This whole enthusiasm around Bitcoin is crazy, this prize spike opens opportunities to all kinds of industries. Bitcoin will be the currency of the future read more (https://www.play-book-of-ra-online.com/bitcoin-casinos-and-bitcoin-gambling/)
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Here is a great input (https://www.play-book-of-ra-online.com/bitcoin-casinos-and-bitcoin-gambling/) on the current situation with Bitcoin.
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Any traders here want to comment on this chart projection for the price of BTS in 2018?
https://www.tradingview.com/chart/BTSUSD/JTTbLSSs-BitShares-Target/
$0.35 BTS by Jan 2018 and $0.66 BTS first quarter 2018
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Get BTS on https://www.bithumb.com
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Get BTS on https://www.bithumb.com
Are you sure? I just went there, and BTS is not listed. Their translations are very poor, not a lot of confidence in that website.
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Get BTS on https://www.bithumb.com
Are you sure? I just went there, and BTS is not listed. Their translations are very poor, not a lot of confidence in that website.
He meant "get bithumb to list bts"
And as for confidence - it's a number two exchange on CMC by trading volume ($1.14 billion)
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What's a good new entry price for BTS?
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This bitcoin boom is silly. When bitcoin falls will BTS fall? I'm always debating the link between BTS, BTC, and ETH. Sometimes they move opposite, which I think is likely in the future. The bitcoin share of the total market cap is very high. Remember when "the flippening" was going to happen? eventually it will happen.
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BTS will probably crash with BTC, at least in $ value. Hopefully the price in BTC will increase during the crash, but I wouldn't bet on that. I would say that a good entry price for BTS would be 4-5 cents. It might go back to a cent, who knows. It might also never go back down. As always, the rational thing to do when you have such uncertainty and no objective way to tell what is cheap is to use "dollar cost averaging": choose how much you want to buy, buy 10% of that amount every week or every month at whatever price. But this requires high self control, at least more than what most of people in crazy cryptoworld can muster.
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I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)
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If bitassets can get some more traction $1/bts seems conservative. Like you say, not sure whether that takes 6 months or 2 years.
I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)
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Please do keep in mind that this whole general pump is largely fueled by the Tether scam :-\...
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It's $0.654968 right now (+49.82%) :)
https://coinmarketcap.com/currencies/bitshares/
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Selling some BTS for EUR.
Please contact me in case of interest.
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It's $0.654968 right now (+49.82%) :)
https://coinmarketcap.com/currencies/bitshares/
Those were the days!
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Please do keep in mind that this whole general pump is largely fueled by the Tether scam :-\...
You were right more than you may have realized! USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.
https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/
All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
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Please do keep in mind that this whole general pump is largely fueled by the Tether scam :-\...
You were right more than you may have realized! USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.
https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/
All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.
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Please do keep in mind that this whole general pump is largely fueled by the Tether scam :-\...
You were right more than you may have realized! USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.
https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/
All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.
Likely enough. I quit using USDT a long time ago, a while before I quit using BitUSD (because we have some whales who are dancing awfully close to undercollateralization and black swans).
I'm absolutely shocked that the Tether people have been able to maintain USDT-USD parity for so long without even the illusion that USDT can be redeemed for USD. Seems like by now we'd start to see BTC/USD and BTC/USDT prices diverge, but they've been pretty well locked together for months. Blows my mind.
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It appears USDT has been the cause of why we've fallen harder than Bitcoin this time around too.
Coinmarketcap uses the weighted average of the highest volume markets (or pairings) when reporting its price.
Look at this image from last night:
(https://steemitimages.com/DQmNcLgCxFQiSH3GRF49dmKDhrv6sS8pMnGEE9LkiuE9Dy3/usdt-hurting-bitshares-price.png)
I've got into a lot more detail in this post... :
https://bitsharestalk.org/index.php/topic,25289.msg315731.html#msg315731
Question, if our witnesses stop reporting price feeds for USDT with advance notice of their intention.. could we remove this pairing from the dex?