BitShares Forum
Main => General Discussion => Topic started by: NineLives on January 04, 2015, 03:38:38 pm
-
Hi guys,
BitUSD is shooting up which is nice however, why is it? How can I keep untop of predictions? I suppose that's the million dollar question..
-
Hi guys,
BitUSD is shooting up which is nice however, why is it? How can I keep untop of predictions? I suppose that's the million dollar question..
BTS is going down , so BitUSD is going up .
-
The price in BTC is naturally shooting up but it's USD market cap stays the same roughly. http://coinmarketcap.com/assets/bitusd/#charts
No?
-
Everything is relative; so, a statement such as "BitUSD is shooting up", really does need to suggest relative to what.
The dollar looks a little stronger relative to certain other currencies but that'll change.
The marketcap for bitUSD looks the same as it has for a while. BTC is falling because of ?noob merchants like Microsoft dumping into fiat or some other reason - perhaps there are not enough new buyers atm to keep up with miners.. and people have more reason to buy Bitcoin2.0 like BitShares; CounterParty; MaidSafe; etc, than ever hold BTC.
-
The market cap of bitUSD is relatively the same so I can only assume you mean the price. BitUSD has been trading at a premium (1.01-1.02) because of the increase in demand as a storage of value against BTC price volatility to the downside. While this trade action is somewhat predictable, what I find most telling is how bitUSD trades at a premium in such scenarios while Nubits trades at a discount.