in your eyes anytime the market is in down trend and we shouldn't do anything until the up trend come.
some CEXs has adopted CNY as base currency but suffered the shortage of bitCNY and finally unlisted it.
currently the key task is to guarantee the bitCNY supply.
No, that is your claim.Its a reason why some people don't borrow currently.I'm fully in stablecoin and observing some bigger players who do borrow i also saw they exchanged part of their debt to stablecoins.
I agree that main focus should be now to provide supply of stable coins but we have also to accept that current stable coins can be mainly only used to buy directly BTS.
First goal should be to make stable coins more attractiv to be able to buy other major coins anytime at market prices and giving holders of stable coins the possibility to use it on diffrent exchanges with small spread in prices.
Frankly ..I don't put too much weight behind TA (technical analysis)...because at then end of the day..it's all a reflection of mass psychology... that's why $billions are spent on advertising every day..
how else does one explain the valuation of Dogecoin(#29) while BTS is (#51).... or CryptoKitties..
I think social, economic, financial and politcal events will impact price more than anything else...
You never know what kind of motivation will move markets...
https://bitcoinist.com/how-the-mega-rich-buy-their-bitcoin
https://bitcoinist.com/bitcoin-exchange-site-traffic-may-coinbase-binance/
1.Leverage via stablecoins which makes BTS more volatile.It also means that BTS will rise way quicker in an uptrend than dodgecoin .
2.Way better marketing and adoption of dodgecoin.For me it currently seems bitshares oversleept
marketing and
adoption compared to other coins which it needs now to catch up quickly.
A good refference point is DAI.
How does it come that DAI is already listed everywhere where bitshares or its stablecoins try to get implemented?
Since you don't care about major TA signals what event is bitshares going to produce in next 30 days which in your opinion will impact the price more than major trends ?
I'm asking cause i do also belive that some events are stronger than market trends.