BTSX had become massively oversold, and momentum indicators were showing a divergence.

We were due for this rise, both in terms of technicals, as well as fundamentals, as the selloff happened due to fear and uncertainty, not due to anything actually wrong with BTSX.


We should now rally hard, for weeks, imo.
1 day MACD is about to give a buy signal unless the price collapses again.  The last time we got a buy signal on the 1 day MACD was in mid august, before the huge rise.

Dollar --- simply reads "Dol" , and "刀" also reads "Dol" in Chinese , so it's a slang for dollar .   The real meaning for "刀" is knife.So if you use a google translator to translate the Chinese slang for  USD , you would end up with "knife" .

Ah!  That makes sense.


I thought that the $500 had been changed into 500 knives because they all felt betrayed or something.   Glad to know that not it.

I've been silently freaking out about the whole dilution thing.

I'm still hodling because hey, maybe I don't know everything, but I think the community/it's leaders should clearly define a supply cap and stick to it.

I was also silently freaking out until I understood the process and did the math, and realized that actually the dilution rate is not going to be very high. 

While the max amount is 6.3% a year, this is reduced by:

* We wont actually be electing 101 paid delegates all the time.  In general, it will be way less.  And if we ARE electing 101 paid delegates, we are probably growing very fast.

* Burn from transaction fees will help offset the inflation.

I figured out that dilution will probably be under 2% a year, and then I stopped worrying about it.

I propose that the hard cap be 2^32 - 1, or 4294967295.

There is almost no chance that this amount would ever actually be reached.  (It would require max dilution for about a decade). 


However, I think this might be misleading, because it would indicate that there would 'eventually' be over 4 billion BTS.  I find it unlikely that we ever go much over 3 billion.




I agree that a max supply is useful, and helps to give confidence to investors.

"The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. "

Its called ARBITRAGE.  Has the author of this article never heard of it?
Its also called: traders watching the price on all exchanges and using that to make decisions.


In general, when someone says: "X is manipulated", you should read that as "I have lost money because I don't know what I am doing, and need something to blame other than myself".  The thought is: "I SHOULD have made money, but some evil sinister force is manipulating the market so that I don't!" 


All the things that people like to call "manipulation" are just standard market forces.

I think the reason PTS is worth more is that it will stay around and people expect some value of of 3rd party DACs from it in the future.  Someone proposed a plan to make a DPoS currency and sharedrop it to PTS, and since hten the value of PTS has been a bit above the value of the BTS you get from it.

We translate it into Chinese, enjoy~

http://www.bts.hk/october-newsletter-halloween-edition.html

Thanks!  I hope the chinese communtiy starts to feel better about the changes soon!

Much better than Russel Brand