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General Discussion / Re: Bitshares price discussion
« on: November 04, 2015, 02:00:31 pm »water flow from high to lowBtw, 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.
when money think price of btc is high, money must seed valuable currency with low price .