BitShares Forum
Main => General Discussion => Topic started by: Ander on August 12, 2015, 02:51:54 am
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Pullback lasted way longer than I expected. Oh well, that will just make this rally more severe.
All our news is coming now. Any selling to buy ethereum has probably now been done. A bit of the money from Ethereum sales is free to come over to BTS.
Patterns repeat.
(http://s4.postimg.org/6yxkm5vbx/bts3.png)
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Short bitCNY for your lives!
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Short bitCNY for your lives!
I would never advocate margin though, unless you're a pro trader. Sometimes things dont work out, or have shakeouts first, and margin can really mess you up. (Of course if it works out then its awesome, but thats a big IF).
If you just buy BTS, and it doesnt work out you can always just keep hodling it.
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Sold all my bitFAIT and shorted a little.
I call the bottom and it time for the bulls ;)
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All systems go. Catalyst identified. Prepare for months of prosperity. :P
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All of the recent announcements require BTS 2.0 functionality.
I suspect the really big rally won't start until BTS 2.0 is actually about to be released, then the pent up value of recent announcements which haven't moved the price as much as you would have expected will start to be priced in more.
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(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fmaraqdairemiz.files.wordpress.com%2F2011%2F12%2Finteresting.jpg&sp=8697b737e7c6f2f5087faf324c068161)
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I saw a whale on Bter last night, he made an appearance for a few minutes at 1900...fasten your seat belts the OP might be right for a change! :)
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I saw a whale on Bter last night, he made an appearance for a few minutes at 1900...fasten your seat belts the OP might be right for a change! :)
(http://static.fjcdn.com/comments/3191922+_d87cf155a77a0358eb05af5fc4e7571b.jpg)
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Lets herd the whales over to ccedk by removing BTS from all other exchanges.
Do you bit for bitshares - Harpoon a whale :)
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All of the recent announcements require BTS 2.0 functionality.
I suspect the really big rally won't start until BTS 2.0 is actually about to be released, then the pent up value of recent announcements which haven't moved the price as much as you would have expected will start to be priced in more.
I agree. We will get a bit of rise in anticipation of the buildup, but most will come after 2.0 releases and is shown to be working. (Of course, this is depending on it actually releasing and working).
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I saw a whale on Bter last night, he made an appearance for a few minutes at 1900...fasten your seat belts the OP might be right for a change! :)
Its funny that it now only takes 700k buy to be a whale on bter. That whale needs to remove his BTS as soon as possible.
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After lack lust announcement... Please resume your regular scheduled selling.
Thank You
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After lack lust announcement... Please resume your regular scheduled selling.
Thank You
I want to see the ironic event of an announcement that some people dont like due to the anti-privacy, resulting in a rise, when the previous announcements that got them excited resulted in nothing happening.
None of the previous announcements involved a sharedrop.
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Also, never underestimate the ability of the market to ignore news and just do what it wants instead. The chart now says that the direction of highest probability is up.
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(http://www.periodistadigital.com/imagenes/2014/08/19/despiste-error-atontamiento.jpg)
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Up a bit so far.
"The Market - reacting the opposite way you expect to news...since 1602".
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BTS doing well so far, rising at a reasonable pace.
All the hype in on ethereum right now of course, But its nice that we are managing to rise right now. Almost every coin I look at is being dumped to buy more ETH, but we are up.
Right now BTS is the only coin on btc38 that is in the green.
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
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I expect profitable ethereum investors to come over there "slowly"...
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .
The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .
The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .
but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .
The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .
but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)
Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....
There are too many ways better than holding BitUSD to save value from Yuan devaluation .
By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......
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The nice thing about BTS is the relatively thin sell walls. On genuine, big & popular news, like the 2.0 release, it can really move a lot.
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .
The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .
but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)
Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....
There are too many ways better than holding BitUSD to save value from Yuan devaluation .
By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......
I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc should be a no brainer now..anyways...
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Now 80% of the volume is BitCNY and CNY in BTC38.
May the BTS raise be mainly due to the Yuan devaluation ?
Yuan devaluation is a bad news for BTS since it's volume is in CNY . It means the value that's backing the liquidity is shrinking .
The rise has little to do with Yuan devaluation but more normal market rebounce after a second bottom .
but if you loose trust to CNY maybe you want to buy bitUSD... (or even short it further)
Everybody in China can buy up to 50000 real USD per year .
Also , they can buy BTC and sell it on OKcoin international to get USD balance ....
There are too many ways better than holding BitUSD to save value from Yuan devaluation .
By the way , the percentage of the outrages Yuan devaluation was less than the conversion cost than buying BitUSD ......
I am not familiar how the situation and the political environment is in China. Being Greek I would never trust moneys in a Bank. Bitassets are more secure. Maybe Chinese shouldn't trust holding usd in OKcoin because you never know when these exchanges may shut down but that is just me.. If I were Chinese I would want bitusd now. Since I am Greek and EURO is in a mess right now I want also bitusd right now..The only problem is that I kept BTS all the way down so now it just doesn't make sense to sell them for bitusd at these levels..But for new money bitusd or bibtc should be a no brainer now..anyways...
Whether it's ETH USD that gains traction due to better network effect or BTS 2.0 BitUSD/BitAssets they will be very popular as this trend continues.
- Capital controls will start to decrease the amount of foreign currency you can own.
- Regards keeping money on OKcoin - http://www.coindesk.com/45-percent-of-bitcoin-exchanges-fail-study-finds/
I don't what the actual cost is, but you're probably effectively paying like 50% interest a year to keep a USD balance on OKcoin because of the risk of loss.