Down trend indicative of dumping, why the loss of confidence?
Which down trend?
price is still above .02 and looks like less than 100btc in 24hr volume, what are you talking about?
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.
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?
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
What's ASG? PTS is poised to crash hard....
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 :)
Bter no volume !