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Topics - chigbolu

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31
General Discussion / Did you sell at 0.04USD??
« on: March 18, 2020, 09:01:56 am »
After the last bitshares rally that took BTS to approximately 0.04USD there has been an even sharper decline, which prompts me to ask this question, I did sell a little of my BTS but not to buy below, I sold them at that time to buy a few personal things, I never envisaged that BTS would go so low again, so I didn't prepare well enough, not that I regret it, it's just that I could have accumulated more BTS than I currently have, however we still have roughly 9-8 months before the year ends so there's still time to make amends, so did you sell? Did you see the future in February?...




32
General Discussion / BTS TA FOR 12TH MARCH
« on: March 12, 2020, 07:15:28 am »
After the wonderful highs of last month BTS has fallen back down to 0.018USD this is a 55% drop from 0.04USD, much of the drop can be attributed to bitcoin's fall in price, but a general lack of strong support for BTS means we are back to the accumulation levels of 0.02-0.015USD, the range is high because BTS is very volatile.
Current stats
7d change   -31.05%
30d change -46.15%
If BTC price go lower over the coming weeks we might see BTS below  0.015USD again, this should lead to a retest of the bottom for BTS i.e 0.014USD, a break below this price would result in further sell offs, hopefully that scenario will not play out.

Due to recent developments the support has been adjusted to 0.013USD...

33
General Discussion / BTS TA for 12TH FEBRUARY
« on: February 12, 2020, 12:49:08 pm »
Bitshares price has risen by over 120% since last month ranging between 0.016USD to 0.037USD currently following an impressive recovery from the harsh downtrend of last year, much of this rise is due to bitcoin's price. Currently we have two strong resistance levels at 0.04USD and 0.05USD, and bitshares is trending sideways between 0.04USD - 0.03USD, hopefully it maintains momentum to push up above 0.05USD in the coming month, to sustain the current rally.
Meanwhile I will touch on some positive news that might have led to the recent rally...
1. Bitshares trademark in Europe; this news came during the pump of BTS from 0.016USD to 0.04USD, the trademark is part of an effort by a non profit institute from Slovenia to make bitshares a recognized financial entity. There's ongoing work to make it global.
2. BTS listing on new exchanges, recently BTS has gathered a lot of interest from CEX exchanges, with the backing of these exchanges with promotional funds there is  now more liquidity for BTS especially now that BTS gateways are becoming unreliable.

34
General Discussion / BTS TA for 12TH JAN
« on: January 12, 2020, 12:19:36 pm »
Since last month BTS has dropped 14% to 0.016USD, It also dropped to a low of 0.014USD. It has risen by 13% since the last low.
BTS will need to close above 0.019USD Which is the current weekly EMA in order to confirm its change of Fortune, a failure may see a sharp drop back to 0.013USD or 0.008USD for worst case scenario, hopefully BTS has truly turned a corner.
Unfortunately Price will also be affected by the price of BTC in the coming days as BTC is currently the most liquid market on the DEX, and also the most dominant crypto, if Bitcoin falls in price the BTS may suffer, a rise or range in price for BTC might improve BTS.
Another factor is worker proposals currently there are no workers running except for refund workers, there fears that a vote for workers would negatively affect BTS price, also bitUSD and bitCNY have not yet restored their pegs, it will be interesting to see how prices react if they are restored, we can also see that the market marker contest also brought some positive results in price, hopefully there will be more positive results in the coming months for BTS.

35
General Discussion / BTS the river is flowing into the Ocean?
« on: December 28, 2019, 11:52:10 am »
Now that feed threshold workers have expired, price Feeds may return to normal soon (CNY/USD) what is now in store for BTS. BTS has now broken through an historical BTC low of 230 sats, a look at the lowest price of BTS in BTC was a few years back at the 150-171 Satoshi range where it was quickly bought... However things have gotten really bad for BTS in this current bear market due to the fact that the BTS supply has increased compared to that time relative to the number of buyers(market),a look at the collateral/debts for CNY and USD smartcoin there is a combined total of over 100million BTS waiting to be liquidated if the feed price starts adjusting will there be a market for these coins... Or maybe there's something am missing... Is BTS flowing into the Ocean?

36
General Discussion / BTS VS OTHER DEX PART 2
« on: December 23, 2019, 02:03:33 pm »
In this comparison, I am going look at BTS DEX usability, governance features (voting, asset creation and management), P2P trustless capabilities, margin trading, plus trustless proposal contracts, and overall user experience compared to top DEXs with almost similar features.

1. Binance DEX
In terms of user interface experience it uses a standard website i.e server, there is no need to connect to proxies like BTS. The login process is also via multiple methods, web wallet/cloud wallet, memionic phrase/brain key and a keystore style/ .bin file like in BTS. the login interface is always easy to understand. the traading platform is also easy to understand, and it currently boasts about 120 pairs, however it appears to be a bit centralised as it does not have the governance features of BTS as well as P2P trustless trading capabilities of BTS, also no margin trades on the DEX for now.

2. Steller DEX
Suprisingly they have been around for some time now. With almost similar features like BTS although it also uses standard websites, but unlike binance, stellar has multiple web platforms, they also have a mobile app on playstore making it even easier to use. Stellar uses only one method for login i.e secret key so its a bit risky for phising schemes care has to be taken when using the account, I also noticed that in order to activate the wallet i.e trade, and perform tasks you must deposit 5XLM coins. th trading platform is easy to understand, and each stellar tokens represent a gateway from which you can buy and sell directly with fiat. They also support P2P and OTC websites that give easy access to XLM.
Despite all these they are also slightly centralised as they do not have governance features like BTS and they perform optional KYC.

3. Waves DEX
Finally Waves DEX, very popular too, the user interface is also great and has been improved upon recently, access to wallet is only via one website however unlike the initial two DEXs it appears to have a proxy system (not entirely sure). The login process is via one method a passphrase however it is much safer to use due to the nature of the password. One great feature of the Waves platform is the ease with which coins can be created, much cheaper than the other DEXs and the tokens can be traded immediately after issuance against any trading pair, they also have a gateway system for deposits and withdrawal of major coins like BTC and ETH, plus they encourage staking of the native token (Waves) unlike BTS, despite this it does not have a trustless P2P system like BTS and user influence is only on the assests he/she has created, he has no influence on the governace system of waves.

37
General Discussion / I want to play a game
« on: December 22, 2019, 11:29:25 am »
I am sure you have watched the movie Saw...
It's the festive season and Christmas and New year is around the corner... So in the spirit of the season I wanted to do a BTS giveaway for the first persons to comment the correct prices of BTS in GDEX.BTC and GDEX.USDT on both Christmas and New year day.
I have picked these pairs because they are the most liquid pairs on the bitshares DEX currently... So here are the rules
1. The winner gets 50BTS for each correct prediction, i.e each pair has a 50BTS reward.
2. The first comment to predict the prices correctly will win the prize
3. Comment is one per person and only the first comment by the person will be considered
4. Commenters must be on the BTS telegram channel because that is where the winner will be announced, the winner shall contact me privately with his BTS account for payment.
5. There can be two winners one for each pair
6. The correct open price of BTS/GDEX.Pairs on Christmas day will receive 100BTS
7. The correct open price of BTS/GDEX.Pairs on New day will receive 100BTS
8. Christmas day predictions shall end by 12am on the 24th while New year day predictions will end by 12am on the 31st day of December.
Now I know the reward looks small but remember the movie Saw it's not really about the reward so don't let this thread down thanks.

38
General Discussion / Dear BTS... BSIPs that should be active...
« on: December 13, 2019, 11:55:11 pm »
There is need to vote for BSIP 70, 61, and 62 as well as the bitshares ui worker since BTS is primarily a DEX these proposals are very important to implement especially with the current economic situation of BTS.
BSIP 70 will open the leverage trading options where a trader can trade with more profit potential than his capital, currently margin trade is only possible with the smartcoins and the leverage is only as high as his initial capital these coins also have no option of being lent by asset owners,but with this worker the demand for smartcoin ownership will increase as asset owners would also have the option of lending and leverage would be higher as traders will have the opportunity of pulling multiple funds per trade increasing his chances for huge profits on his little capital, than with the current system.
BSIP 61 will enable traders to easily adjust their limit orders at lower fees than currently and this will give added incentive to trade on the DEX due to the Dynamics of the update worker as market markers will become cheaper to maintain, and thus more liquidity for the DEX.
BSIP 62 will allow debtors to close their margin positions before the debt is margin called... In other words cut their losses more quickly. With this worker debtors will have more confidence to borrow with the  assurance of a stop loss mechanism, where their risk exposure can be controlled.
Finally the BTS user interface is still highly unfriendly to novice traders, there is need to keep the UI worker alive in order to improve the security and user appeal of DEX interface, this will attract more users to the DEX who are assured of a safe and pleasant trading experience, currently non of these workers have received the needed votes to become active, hopefully this changes soon...

39
General Discussion / BTS TA for 12th December
« on: December 12, 2019, 10:17:08 pm »
BTS has failed so far in reversing it's fortunes since May and things don't look like changing anytime soon, however the sell off has reduced drastically as each month passes, this means that it's likely that things will soon stabilize where we can have a stable price range for a few weeks or months (consolidation). So far BTS has not reached the 0.016levels that I thought it would reach but there's still time for that to happen infact below the 0.016usd price is the 0.01usd price which is around the price BTS started trading... Hopefully the current support holds and it doesn't fall as low as that.

40
General Discussion / BTS VS OTHER POPULAR DEX COINS PART 1
« on: December 07, 2019, 01:07:17 pm »
Today am going to compare BTS with other coins that are used as native tokens on their respective DEXs, what I'll focus mainly on is the price change for the year and the price change for each quarter of the year.
The first is ETH the second highest market cap, it has no rival for now
Yearly change for now is 5.75%
In the first quarter ETH gained 6.83%
In the Second quarter it gained 90.59%
Third quarter it lost by 41.56% or -41.56%
Finally in the fourth quarter it's currently at -14.84%
Next is BNB they recently started a DEX platform, here's their performance so far
Yearly 156.73%
First Quarter 113.86%
Second Quarter 70.71%
Third Quarter -68.58%
Currently in fourth Quarter 4.91
There are other DEX coins however due to constraints I'll stop at Komodo before looking at BTS, mind you all these coins have a superior market capital compared to BTS in the order I've listed so next
KMD on the yearly is at -21.16%
First Quarter 45.54%
Second Quarter 25.14%
Third Quarter -66.8%
Fourth Quarter currently is at 17.92%
Now let's look at BTS
On the yearly we have -48.92%
First Quarter 43.82%
Second Quarter 5.44%
Third Quarter -58.93%
Fourth Quarter is currently at -27.19%
It's no surprise that each coins lost grip at the third Quarter, this was because Bitcoin didn't do so well then either, however of all the coins BNB seems to be the best this year for it's early investors, followed by ETH then KMD and finally BTS, it's obvious from the price changes that Bitcoin still influences these coins heavily still if you look at the fourth Quarter for each coins BNB and KMD seem to have started improving even ETH, is showing good signs, except BTS. This is not to say that BTS as a DEX has not made some Development, however compared to it's big rivals those developments are not attracting investors or even retail traders, and something drastic needs to be done to improve it's chances next year or before the end of Fourth Quarter...
N/B data is culled from coincheckup.com

41
General Discussion / BTS TA 12th November
« on: November 12, 2019, 03:52:18 pm »
It has been a while since I last had something on the charts... However today I have managed to notice something... A kind of pattern showing that BTS is about to reverse.. now I might be wrong though...
However in the past month BTS has not gone below 0.024usd it also saw a rally to 0.03USD within that time frame after a sustained down trend in July... I strongly believe the 0.024 line will hold and force another stronger rally in December... However if am wrong then we have a fall to 0.016USD to continue the downtrend into December.

42
General Discussion / Buy Buy Buy part 2
« on: October 24, 2019, 12:35:52 am »
Bitshares is currently following a cyclic pattern on the charts... This means that whatever is happening to BTS now has happened before. According to the charts BTS is currently in accumulation phase where many traders have exited or closed their positions, this accumulation has been on since the BTC rally in march, however it has recently become more pronounced, currently BTS is at sleeping stage and will remain so till another BTC rally. In conclusion expect more sideways movement on BTC trades at the 400-200 sat range in the coming month and 0.027-0.016 for USD trades. The 0.016usd support is very vital as it is the most relevant support that keeps BTS at top 100 on CMC (below this price BTS would go to zero and become irrelevant). This is therefore the time in the market where buying the dip becomes the term. N/B due to depegging of bitassests and threshold feed price, price of BTS on CEX may differ from DEX but both still follow the same pattern also this is not trading advice DYOR... thanks for reading.

43
Graveyard / Buy Buy Buy
« on: October 18, 2019, 05:31:41 am »
Buy bitshares at whatever price right now it's a f###ing giveaway buy buy buy now!!! Buy at even 0usd buy buy buy buuuuuuuuuyyyyyyy!!!! :o

44
General Discussion / Bitshares TA update Oct 5th
« on: October 05, 2019, 11:49:02 am »
Another breakout imminent in the coming days... BTS could still breakdown to 0.016 however... Everybody is saying alt season is near maybe they are right a little alt boom before Christmas would be nice... Current Targets are 0.04-0.05 and 0.025-0.016..

45
General Discussion / BTS: facing reality
« on: September 24, 2019, 04:19:56 pm »
BTS may fall to lower lows this week and right now we have to look at three things are the BTS developers really working are there funds to meet up with BTS development and are the government activities of BTS paying off if not we should be ready for another 50% drop next month... It's now necessary to begin to weigh the risks of holding BTS to zero and prepare for the inevitable. No matter what happens remember the reason why you believe in BTS in bad times it is important to keep focus and keep greed aside and face reality by planning for the next buy opportunities.
N/B
BTS is likely to hit the yellow line by next month if current trend continues


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