BitShares Forum

Main => General Discussion => Topic started by: davidpbrown on January 03, 2015, 08:55:22 pm

Title: Is BitShares price diverging from BTC?
Post by: davidpbrown on January 03, 2015, 08:55:22 pm

Looking at http://coinmarketcap.com/#BTC I'm beginning to wonder if BitShares; MaidSafe; CounterParty; +?others2.0, are now less dependant on the BTC price. Ye olde v1.0 coins seem to have taken a sharp hit and it seems Litecoin is failing.. down to the lowest I've seen in a long time ~0.0076BTC.

I'm surprised if that's already the case, as I thought BTC was still too strong. BTC price below $300!?.. is that too many merchants selling now perhaps. It's the second sudden slide on altcoins in the last few weeks and certain coins seem to weather that change better. Perhaps in future everything will be measured in BTS instead.

Or is there news that's pulling people out of altcoins and through BTC?

Title: Re: Is BitShares price diverging from BTC?
Post by: jsidhu on January 03, 2015, 08:59:37 pm

I think if its true its a sign that one of these are btc killer app... whichever gets the network affect and is truly better.

Title: Re: Is BitShares price diverging from BTC?
Post by: bytemaster on January 04, 2015, 12:19:11 am

We are down the second least in the top 20... only slightly worse off than Maidsafe.

In terms of "market share growth" BTS had a HUGE day :) 

Title: Re: Is BitShares price diverging from BTC?
Post by: Ander on January 04, 2015, 12:21:57 am

Down the least.

(http://s18.postimg.org/emxo36189/coins.png)

Title: Re: Is BitShares price diverging from BTC?
Post by: bytemaster on January 04, 2015, 12:26:11 am

Quote from: Ander on January 04, 2015, 12:21:57 am

Down the least.

(http://s18.postimg.org/emxo36189/coins.png)

Things are moving fast...

Title: Re: Is BitShares price diverging from BTC?
Post by: bytemaster on January 04, 2015, 12:27:40 am

BitUSD is holding up better than NuBits :)

Title: Re: Is BitShares price diverging from BTC?
Post by: Ander on January 04, 2015, 12:27:51 am

I just bought as much BTC as I could at $279.  Hoping for the double bottom.

I' m a bit low on BTC right now because I converted tons of it to BTS this month.  Time to restock.

Title: Re: Is BitShares price diverging from BTC?
Post by: Gentso1 on January 04, 2015, 02:43:18 am

The day isn't over yet.

I am thinking btc will be supported in the 250-275 range.

Either way I am happy my day trading of BTS netted me......More BTS and just when I was ready to give up my day trading  8)

Title: Re: Is BitShares price diverging from BTC?
Post by: Ander on January 04, 2015, 04:00:02 am

This is the downtrend line that BTC needs to break above.  Break this line and we get a good rally.  Otherwise we drop more.

(http://s14.postimg.org/6fr5vl9dd/btc.png)