BitShares Forum

Main => General Discussion => Topic started by: Ander on March 16, 2015, 05:00:50 pm

Title: BTER IS WORKING! :)
Post by: Ander on March 16, 2015, 05:00:50 pm

I withdrew all (well almost all) my BTS successfully! 

Keeping a small trading position because its been very profitable buying this big dumps the past week.  Though maybe after this people wont need to dump it so hard so it wont be as profitable. :)

Title: Re: BTER IS WORKING! :)
Post by: Xeldal on March 16, 2015, 05:09:07 pm

Quote from: Ander on March 16, 2015, 05:00:50 pm

I withdrew all (well almost all) my BTS successfully! 

Keeping a small trading position because its been very profitable buying this big dumps the past week.  Though maybe after this people wont need to dump it so hard so it wont be as profitable. :)

Good news.  Though I was seriously enjoying the desperate selling.

Title: Re: BTER IS WORKING! :)
Post by: mdj on March 16, 2015, 05:15:38 pm

Great news! Yeah i speculate prices bouncing back up to around $.01 again now

Title: Re: BTER IS WORKING! :)
Post by: Ander on March 16, 2015, 05:30:56 pm

Quote from: mdj on March 16, 2015, 05:15:38 pm

Great news! Yeah i speculate prices bouncing back up to around $.01 again now

I agree.  (But its possible that first some people will withdraw from bter and dump them on btc38).

The panic dumping at bter that was dragging us down can stop now. 


Over the last few days I had been trying to get out of bter by selling there, transferring to btc38 and rebuying, or using the blocktrades site to trade the BTC into BTS.  I had managed to sell a net ~400k BTS from bter and get it back with a loss of only about 1%.  I think I was involved in like 1/3 of the volume on bter for the last three days, both dumping some when it got high and I could sell for close to the real price, and then buying the dump when someone sent it 5-10% under the btc38 price.  Had to keep buying some of it back to stop the spread between bter and btc38 from getting too large! 


I was extremely worried that bter had disabled withdrawal because they had lost a large amount of BTS (on the day before they went down, when things got very weird).  It seemed that they might be running a fractional reserve, and tat it was important to get out before either no one trusted the bter BTS anymore and liquidity dried up, or bter announced that they had lost a lot of BTS and disabled trading, or took away half of everyone's BTS or something.


I am very glad that isnt the case and things are working again.

Title: Re: BTER IS WORKING! :)
Post by: Pheonike on March 16, 2015, 05:49:35 pm

I was able to receives my bts from BTER just now.

Title: Re: BTER IS WORKING! :)
Post by: joele on March 17, 2015, 01:56:01 am

Quote from: Pheonike on March 16, 2015, 05:49:35 pm

I was able to receives my bts from BTER just now.

+5% Likewise

Title: Re: BTER IS WORKING! :)
Post by: Rafikichi on March 17, 2015, 02:43:19 am

This is going to give BTER HUGE credibility going forward.  Facing all this adversity and not being cowards.  They are the BTC-E of China.

Title: Re: BTER IS WORKING! :)
Post by: sschechter on March 17, 2015, 02:44:12 am

Confirmed.  Multiple BTS orders placed and went through.

Title: Re: BTER IS WORKING! :)
Post by: cass on March 17, 2015, 06:21:05 pm

BTC withdraw confirmed!