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Main => General Discussion => Topic started by: Riverhead on August 25, 2014, 04:35:06 pm

Title: BTSX reaches 50% LTC Market cap!
Post by: Riverhead on August 25, 2014, 04:35:06 pm: (http://i.imgur.com/bJHYX7E.png)
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: speedy on August 25, 2014, 04:39:06 pm: Question is, at what point is it bubble territory?
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: bitmeat on August 25, 2014, 04:42:18 pm: It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: emski on August 25, 2014, 04:44:41 pm: Quote from: happypatty on August 25, 2014, 04:42:18 pm
It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.
And sometimes instead the elevator it goes down at the speed of a photon.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: luckybit on August 25, 2014, 04:55:38 pm: Quote from: Riverhead on August 25, 2014, 04:35:06 pm
(http://i.imgur.com/bJHYX7E.png)

If it's a bubble you can make money buying BitUSD within BTSX. There is no reason to dump to fiat if everything works because you'll make less money doing it that way.

Anyone who dumps to BitUSD please make a Youtube video or visual guide showing others how to profitably reduce their exposure to BTSX volatility. Going into ordinary fiat is not as profitable as going into BitUSD because eventually BitUSD will offer 5% interest on your fiat.

Quote from: happypatty on August 25, 2014, 04:42:18 pm
It already is bubble territory in the sense that there are no healthy pull backs. Everyone is buying truckloads, until we run out of buyers. Then it will suddenly drop and then recover. Just like the stock market it could go up up up for years. Remember the price takes the stairs up and the elevator down.

When it becomes obvious that the market has run out of buyers everyone is going to rush into BitUSD to cash out. The less aware will cash out onto an exchange like Bter, pay the fees, and not get any of the benefits of holding BitUSD on Bitshares X.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: bytemaster on August 25, 2014, 05:05:44 pm: BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: speedy on August 25, 2014, 05:10:59 pm: Quote from: bytemaster on August 25, 2014, 05:05:44 pm
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

I dont understand - how does the buying price that you got BitUSD for impact on what interest rate you get ?
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: bytemaster on August 25, 2014, 05:40:32 pm: Quote from: trader on August 25, 2014, 05:10:59 pm
Quote from: bytemaster on August 25, 2014, 05:05:44 pm
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

I dont understand - how does the buying price that you got BitUSD for impact on what interest rate you get ?

If I can buy 1 BitUSD for $0.90 FRN.... then when it reverts to $1:1 then I earned $0.10.... your interest rate depends upon how long it takes to revert to the mean and how far from the mean your started.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: liondani on August 25, 2014, 05:49:40 pm: You must soon change your post title to: "LTC reaches 50% of BTSX Market Cap " ;)
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: luckybit on August 25, 2014, 05:51:35 pm: Quote from: bytemaster on August 25, 2014, 05:05:44 pm
BitUSD offers variable interest rate depending upon how far below the 1:1 BitUSD:USD you can get it for.

BitUSD5 will offer 5%, but it isn't live yet.

This is one of the parts which is going to be confusing. Was my advice to dump into BitUSD correct?
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: luckybit on August 25, 2014, 05:53:13 pm: Quote from: liondani on August 25, 2014, 05:49:40 pm
You must soon change your post title to: "LTC reaches 50% of BTSX Market Cap " ;)

I think right now BTSX is still very underpriced but because few understand how to take advantage of the technology we might see delays in the rights of the price. I don't see crashes happening but I do see a delay as people learn how to use Bitshares X.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: Stan on August 25, 2014, 07:31:47 pm: BTSX > NXT + Ripple + Peercoin
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: liondani on August 25, 2014, 07:53:35 pm: Quote from: Stan on August 25, 2014, 07:31:47 pm

BTSX > NXT + Ripple + Peercoin

and an amazing volume of $3.7 millions !!!
(we are close to litecoin volumes!)

(http://resourceinvestingnews.com/files/the-top-5-high-volume-trading-stocks-of-the-week_1118_437849_0_14042581_500.jpg)
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: tonyk on August 26, 2014, 01:23:18 am: And in all the frenzy we forget the small achievement of passing $100 Million Market Cap!
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: CLains on August 26, 2014, 02:42:15 am: ripple bugged on coinmarketcap showing 140 million
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: tonyk on August 26, 2014, 02:45:20 am: Quote from: CLains on August 26, 2014, 02:42:15 am
ripple bugged on coinmarketcap showing 140 million

This will soon be the way to have bigger market cap than BTSX for ~~almost~~ everybody.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: Riverhead on August 26, 2014, 02:46:10 am: Quote from: TheOnion on August 26, 2014, 02:45:20 am
Quote from: CLains on August 26, 2014, 02:42:15 am
ripple bugged on coinmarketcap showing 140 million

This will soon be the way to have bigger market cap than BTSX for ~~almost~~ everybody.

Probably from 2000 BitShares folks hitting refresh non stop :D
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: JakeThePanda on August 26, 2014, 02:48:18 am: Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: Bitshark on August 26, 2014, 02:49:04 am: Quote from: JakeThePanda on August 26, 2014, 02:48:18 am
Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.

sad
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: luckybit on August 26, 2014, 04:53:48 am: Quote from: JakeThePanda on August 26, 2014, 02:48:18 am
Did they just issue more Ripple to make the market cap bigger? LOL, what a joke.

99,999,999,999 Ripple supply. But they pretend like it's less for unknown reasons.

I can't make sense of it either.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: lzr1900 on November 01, 2014, 09:04:46 am: fuck it.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: nomoreheroes7 on November 01, 2014, 10:17:24 am: Quote from: lzr1900 on November 01, 2014, 09:04:46 am
fuck it.

lol agreed. The Chinese dumping is absolutely insane right now...very tough to watch.

Things have to look up after Nov. 5th....right??
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: jckj on November 01, 2014, 10:38:19 am: Quote from: nomoreheroes7 on November 01, 2014, 10:17:24 am
Quote from: lzr1900 on November 01, 2014, 09:04:46 am
fuck it.

lol agreed. The Chinese dumping is absolutely insane right now...very tough to watch.

Things have to look up after Nov. 5th....right??
It will last for few weeks until 3i have the real applicable things come, in my personal opinion.
If you review 3i pts snapshot you'll see the marketcap will go down untill they have some thing comes , The same situation come this time. And it will go down more because someone want to earn more money. i think it will fall at $0.0005~0.005.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: xeroc on November 01, 2014, 10:42:12 am: I wouldnt blindly blame the chinese ..
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: nomoreheroes7 on November 01, 2014, 10:45:01 am: Quote from: xeroc on November 01, 2014, 10:42:12 am
I wouldnt blindly blame the chinese ..

Not blindly, I'm watching the BTC38 exchange BTSX/CNY. Over 6 million dumped in the last couple hours. They're always leading the price drops, and BTER follows shortly thereafter.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: xeroc on November 01, 2014, 11:16:46 am: That might have the simple reason that the CNY market has higher liquidity .. not necessarily a chinese trading there ..
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: liondani on November 01, 2014, 11:19:53 am: Quote from: xeroc on November 01, 2014, 10:42:12 am
I wouldnt blindly blame the chinese ..

I agree!
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: jckj on November 01, 2014, 11:23:47 am: Quote from: xeroc on November 01, 2014, 10:42:12 am
I wouldnt blindly blame the chinese ..

I think you're the one who want earn more mony from falling price of btsx? Is my guessing right? :P
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: cube on November 01, 2014, 11:45:30 am: Don't forget the traders who earns from the big swings in price. They are probably having a good time pushing down the price.
Title: Re: BTSX reaches 50% LTC Market cap!
Post by: xeroc on November 01, 2014, 11:46:25 am: Quote from: jckj on November 01, 2014, 11:23:47 am
Quote from: xeroc on November 01, 2014, 10:42:12 am
I wouldnt blindly blame the chinese ..

I think you're the one who want earn more mony from falling price of btsx? Is my guessing right? :P
I never sold a single larimer .. except for my rebalancing bot that trades some 300$ worth in bitCNY, bitBTC and bitUSD .. in total
:) So you are guessing wrong ..

Although, you are free to distrust me