BitShares Forum

Other => Graveyard => BitShares PTS => Topic started by: barwizi on January 07, 2014, 10:05:13 am

Title: Dump
Post by: barwizi on January 07, 2014, 10:05:13 am
Down trend indicative of dumping, why the loss of confidence?
Title: Re: Dump
Post by: 5chdn on January 07, 2014, 10:27:23 am
Which down trend?
Title: Re: Dump
Post by: AdamBLevine on January 07, 2014, 02:56:44 pm
price is still above .02 and looks like less than 100btc in 24hr volume, what are you talking about? 
Title: Re: Dump
Post by: bytemaster on January 07, 2014, 07:23:29 pm
Quote from: barwizi on January 07, 2014, 10:05:13 am
Down trend indicative of dumping, why the loss of confidence?

I suspect that most selling is to buy BTC to fund AGS.   Based upon the stated goal of AGS + PTS == 4 M market cap for BTS and a $10 AGS price and $17 PTS price that translates into  $34 Million + $20 Million => $54 million market cap for BitShares and our future products which is up significantly from pre-AGS days.   That said, AGS is sucking some demand from PTS.   

Nothing to worry about and in a few months everyone will be wishing they could buy at these prices.   
Title: Re: Dump
Post by: ripplexiaoshan on January 07, 2014, 07:34:31 pm
It looks all the cryptocoins, including bitcoin, are in down trend, which I don't understand. The only bad new I can find is that the biggest e-biz platform in China--taobao.com just announced to ban all virtual currency trade, but does it affect so much? 
Title: Re: Dump
Post by: oco101 on January 07, 2014, 07:51:19 pm
Quote from: ripplexiaoshan on January 07, 2014, 07:34:31 pm
It looks all the cryptocoins, including bitcoin, are in down trend, which I don't understand. The only bad new I can find is that the biggest e-biz platform in China--taobao.com just announced to ban all virtual currency trade, but does it affect so much?

Maybe this :

 http://blogs.ft.com/beyond-brics/2014/01/07/indias-central-bank-gets-to-grip-with-bitcoin/#axzz2piykXZuV

and this

http://www.ft.com/intl/cms/s/0/3b67e982-7799-11e3-807e-00144feabdc0.html#axzz2piyFiyWX
Title: Re: Dump
Post by: liquiddrool on January 08, 2014, 04:32:20 am
What's ASG?  PTS is poised to crash hard....
Title: Re: Dump
Post by: betax on January 08, 2014, 06:03:43 am
Speculation and news, I have seen many blocks in Bter and Cryptsy to prevent the price of PTS going up, so I guess somebody is pushing the price down at the moment to buy low.
Bitcoin I guess is time to buy when it hits 700 :)
Title: Re: Dump
Post by: betax on January 10, 2014, 09:09:49 am
Bter no volume !