And I think about each time I thought I'd lost my investment... Happy I just bought more when they were dirt cheap!

HODL!


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It's hard to comment when you're holding your breath!


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I'm not exactly sure what's happening (and I won't complain), but except the general pump every alt coin has been through, is there any rational explanation for the current Bitshares bull run?

And the question I still don't have an answer for is: Is it sustainable??


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I find it really interesting to see that for the last week there was sustained volume on exchanges and that as soon the price drops a little too much, buyers are ready to jump in.

It's too early to predict anything, but I like what I'm seeing!

I must admit Steem's success is most probably having a positive impact on the demand for Bitshares. Let's see if this trend holds.

I'm sure some people from the Bitshares community who are seriously invested in Steemit are playing their part in maintaining those relatively high volumes


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Quote from: tbone on July 15, 2016, 06:13:46 pm

Quote from: yvv on July 15, 2016, 03:03:12 pm

Quote from: OldMan on July 15, 2016, 05:56:16 am

Are there any liquidity bots that a non-technical user like myself could run? Doesn't even need to make a profit, just not lose value.

And by non-technical I mean type in the the amount of BTS, choose the market and click go.

Click stop and the BTS go back into your account.

If providing liquidity was this simple I'll bet a lot of folks, including myself, would provide a lot of liquidity to bootstap the markets.

The problem is, it is not that simple. And risk of loss is very high in volatile markets.

If there was a liquidity pool that interested parties could throw funds into, then non-technical people could easily participate.  As for market risk, this would be mitigated if we offered liquidity rewards that the pool (or any liquidity provider for that matter) could earn.  Such risk could be further mitigated (and therefore more funds attracted to participate in the pool) if we used some of the burn worker funds to pay interest to anyone participating in the pool.  We should really try something like this.  Now is the time.

I would gladly throw some of my funds into market making pools for bitUSD, bitGold and bitSilver. But who is experienced enough to manage such pools? It seems like somebody is doing a good job making bitCNY:BTS liquidity. Can those guys do the same for other markets?

I would be in too. I have no plan of selling any BTS for a while, so helping to bootstrap liquidity is definitely something I would be interested into. It would be nice to see as much action on the bitUSD market as there is currently on the bitCNY market.

What I don't understand is how come almost 20% of market cap of BTS get traded in 24h and the price don't seem to move that much? Are there that many people that are only waiting for the price to rise to dump their BTS? It really looks similar to the other pumps that were stopped right from the beginning by dumpers


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I would be willing to lend at least 0.5 BTC worth of Bitshares for the market maker bots initiative.


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What I find hard to digest is the fact that the founder of Bitshares doesn't have the ability to get the project done before getting bored and moving his attention somewhere else more interesting. 

Some may argue that the proof of concept has been done and a working product is online. Yep, that is true. But I didn't invest in a proof of concept, or a MVP. I invested in a potentially incredible project that needed to be worked on over a long period of time to unlock its true potential. A true leader would have made arrangements to make sure there is a capable successor to take over the leadership of the project. Even if it's decentralized, it still need a leader who inspires people to take action independently. I believe I've read this somewhere in the forum and it sums up really well what I think, but I feel like if BM was a kid and Bitshares was his toy and then he got bored of the toy and moved to another one more shiny and more interesting. The only issue here is that we're in a grown up world, with people who invested real money in the tech, and also in the team behind the tech. There's no accountability to shareholders, and I find it really disappointing.

Anyway, I know there are a lot of projects moving forward using the current tech as it is, and that is why I still keep a position in Bitshares in the hope at some point one of them will be sufficiently successful to increase transactions and smartcoins use. But nonetheless I have to say I'm very disappointed with the behavior of the development team, leaving to another project just when things were starting to move. I guess some major shareholders voting against any and all dilution projects may have had an influence, I don't know.

Before I was in Bitshares with high hopes of great things to come, now I'm clinging on my stake in the hope I'll be able to recuperate my initial investment. I don't know if that will ever happen.