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General Discussion / Re: USD, EUR, and CNY Gateway Agreement Reached
« on: May 31, 2015, 04:55:33 pm »Its a correction of the fact that all these coins went up 100% in two weeks.
It feels like some of you guys have never seen crypto markets before. Things move quickly both up and down.
As soon as something thats going up fast runs out of momentum it goes down at least part of the way. I thought BTS would get to .06 CNY before it happened, not .052. At least I managed to sell some at .046 and buy back 10% lower.
The great thing about Bitshares is that you can effectively short BTS by going long a bitasset. If you ever think a 100% couple week jump is kind of crazy, start using the windfall gains to buy assets...you'll support the community and protect yourself against subsequent drops.