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I for one find this pull back very healthy.
Bitsharesx is starting to look more like a pump and dump by someone in China. I realize Bitsharesx was not created to pump but someone seems to be taking advantage of BTSX as a pump opportunity. Will Bitsharesx drop down into nothingness like how it's been for months since the launch?
I don't know it seems to be holding pretty well at .0007 range. Lucky if it will go any lower. This is holding a lot better than I was imagining a correction to take place. I wouldn't be surprised to see another run up soon. this technology is pretty great.
Quote from: luckybit on August 27, 2014, 03:13:36 amQuote from: CoinHoarder on August 27, 2014, 03:08:40 amQuote from: cygnify on August 27, 2014, 03:06:32 amThat's what I have been doing. You can check it works, because I can now buy more (a fair bit mind you) then what I originally had in BTSX to begin with. It's actually quite amazing, the peg is holding really well too.I'm in bitUSD atm too.. I don't think this is the floor.The peg is almost spot on.. I think we can consider the experiment a success. If the experiment is a success that is what we should be talking about. Why should we care if the price of BTSX goes down even more if we can make money from the process? We know the price will eventually go back up so we can short BitBTC or BitUSD.It seems to be the perfect market so far as long as the peg holds.I wasn't complaining. It was pretty apparent last night that today would play out like it did. Quote from: hamiltino on August 27, 2014, 03:19:45 amwho's calling the bottom?.000055
Quote from: CoinHoarder on August 27, 2014, 03:08:40 amQuote from: cygnify on August 27, 2014, 03:06:32 amThat's what I have been doing. You can check it works, because I can now buy more (a fair bit mind you) then what I originally had in BTSX to begin with. It's actually quite amazing, the peg is holding really well too.I'm in bitUSD atm too.. I don't think this is the floor.The peg is almost spot on.. I think we can consider the experiment a success. If the experiment is a success that is what we should be talking about. Why should we care if the price of BTSX goes down even more if we can make money from the process? We know the price will eventually go back up so we can short BitBTC or BitUSD.It seems to be the perfect market so far as long as the peg holds.
Quote from: cygnify on August 27, 2014, 03:06:32 amThat's what I have been doing. You can check it works, because I can now buy more (a fair bit mind you) then what I originally had in BTSX to begin with. It's actually quite amazing, the peg is holding really well too.I'm in bitUSD atm too.. I don't think this is the floor.The peg is almost spot on.. I think we can consider the experiment a success.
That's what I have been doing. You can check it works, because I can now buy more (a fair bit mind you) then what I originally had in BTSX to begin with. It's actually quite amazing, the peg is holding really well too.
who's calling the bottom?
If the experiment is a success that is what we should be talking about. Why should we care if the price of BTSX goes down even more if we can make money from the process? We know the price will eventually go back up so we can short BitBTC or BitUSD.It seems to be the perfect market so far as long as the peg holds.
Quote from: Marketorder on August 27, 2014, 01:44:29 amBitsharesx is starting to look more like a pump and dump by someone in China. I realize Bitsharesx was not created to pump but someone seems to be taking advantage of BTSX as a pump opportunity. Will Bitsharesx drop down into nothingness like how it's been for months since the launch?Since it was launched its been in the top 10. Its dropping for a number of factors one of which is that some people want smaller quicker profits now rather than larger profits later
Quote from: TheOnion on August 27, 2014, 02:22:12 amI for one find this pull back very healthy. And that is not only because of my and my friends material interests.Agree! Completely healthy and natrual price movement. I would be worried if it kept going and going forever.I actualy hope that we hit that 32 BTSX/USD level and see what happens once we take out all the margins at 31, it might generate a short squeeze. Not fun for the shorters, but would be nice to see how the system handles it. Plus it will shuffle the margin levels a bit.
I for one find this pull back very healthy. And that is not only because of my and my friends material interests.
Will Bitsharesx drop down into nothingness like how it's been for months since the launch?