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Messages - chigbolu

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Depends on the asset in question, for example BITUSd is still depegged at 0.0345 and does not follow normal price trend in USD, there are also some bridge USD that are now defunct and show very unusual prices eg openlegder, cryptobridge, and sparkdex, so it depends on the asset in question.

Current Supply: 205000 CNGN
Issuer income: 1433.08CNGN
Cumulative trade volume: 1433080CNGN
Total asset value in CNGN: 273395
Equivalent Naira: 329263.5NGN @ 465/$
BMR : 1.2
Decay Supply @386: 61135CNGN
Double Mark @386: 135377CNGN
Buy back volume = 75467CNGN
Decay Value @386 = +121045
Holders: 19

General Discussion / BTS TA FOR 12TH AUGUST 2020
« on: August 12, 2020, 01:14:08 am »
Bitshares has traded between 0.028-0.0227USD. This means that BTS has slowed down on its uptrend and is now plotting a sideways trend in the range 0.028-0.025USD in the short term. In the long term its still on an upward trajectory, however this would change below 0.025USD which is a critical support for bitshares short term. Below 0.025USD bitshares would drop back to 0.022USD to retest that support and probably back down to 0.0177USD.
Uptrend ---> abv 0.028 -> 0.033-0.04USD
Downtrend ----> below 0.025 -> 0.022-0.0177USD
Sideways ---> 0.028-0.023USD
The hype around the Bitshares 4.0 Update seems to have cooled off as shown in the sideways price, this is coupled with the fact that bitshares was ominously ommitted from the list of defi- coins which would have been a good PR for bitshares and that bitshares has dropped out from the top 100 cryptocurrencies making it even more oblivious to the crypto community. Hopefully the upcoming fork on the 20th of Aug due to the new voting system might drive some fresh interest in bitshares and see the price go up again.

Just thinking about gateways and options.
 If you run the option that one of the gateways will become a scam, for example, as it recently happened with the openledger.
Take for example the asset Honest.cny. I have absolutely nothing against the Honest  and their assets. So simple as an example to make it more visual. So, if you launch the option that such or any other gateway, and with it their asset, let it be honest.cny will become a scam for example within a year.
Then you, possessing for example 100,000 honest.cny, can buy the option for 1% of the face value and hedge your risk for a year from the loss of 100,000 cny in premiums. You ask why for 1%. Obviously, if an honest.cny asset is not going to become a scam, then its owner, absolutely without risk to himself (here I note that this is only an investment risk), can sell you such an option for 1%, showing that the honest.cny asset is stronger the rocks.

In other words, we will receive the same decentralization only in the traditional way. Or another option is possible, if only a year ago there was an option that the openledger would become a scam, but the openledger himself did not offer you to buy an option for 1%. Would it make you think that open.btc is not as reliable as Ronnie's calm face speaks of this?
 I will leave aside again that here it is necessary to consider the reliability of the option itself. But still. The development of such tools seems to make sense.
I'm interested in this kind of option, it would make a lot of sense for my asset crudengn

General Discussion / Re: Congrats to 105 on CMC
« on: July 22, 2020, 02:47:19 pm »
Quite unfortunate, being kicked out of top 100 shows we are not growing as we supposed to, too bad the top voters can't see this

Website is still down, it was due to a hosting account mishap, hopefully it will be resolved by the end of the day.
We have some new rules that will improve our Naira coin called BMR.... It has been added to the theory section of my BITPAPER and will be new standard of trading for CRUDE.NGN.... BMR is also the standard Binance uses for fiat currencies and it works well for them so it will work well for CRUDE.NGN too. Happy trading, prices have been adjusted as usual...

112 is under construction for now, am working on a new hosting it will be up and running later in the day.
Also there were changes made to my trading pattern, plus a new program has been designed to fast track adoption...

General Discussion / BTS TA for 12TH JULY 2020
« on: July 12, 2020, 11:43:32 am »
Currently BTS price is close to 0.0252USD which is close to an old resistance of 0.0263, above this resistance is the 0.032-0.035 resistance levels which are critical to restore the bitasset pegs. Bitshares is over 15% up from where it was at this time last month. Bitshares traded between 0.0207 to 0.027USD within that time a rough 30% gain if u had caught both positions. So far BTS appears to be in an uptrend channel on the daily and 4H charts and is testing the 0.024-0.025USD, with current resistance at 0.027USD level, a failure to hold support may lead to a crash to the 0.022USD.
SUPPORT LEVELS: 0.0245, 0.022, 0.020
RESISTANCE LEVELS: 0.026, 0.035, 0.040

bitsharescrude is a class of asset called CRUDE with the first asset being CRUDE.NGN or simply put the Naira asset, which is pegged to the forex price of the Naira on the stable USDT market and is meant to reduce the entry cost and risk of getting into cryptocurrency trading.
The asset is purely meant for DEX trading, but it can also be used as physical collateral or exchanged for physical cash. It has two markets where it derives it's value, a speculative one ngn/BTS and a stable one ngn/usdt, all the market data will be added on the data page so that users can keep track of the Asset's progress.
You can support the project by trading the pairs actively, it's a new market to speculate on do give it a try....

Today I'll be creating a new topic called Bitsharescrude where all the updates about my asset will be posted, also trading has been going on for my token and it's been good so far, not the best but good, we now have a data page were market data is collected from, I will no longer be using the BTS 3DMA instead I'll be using the current price for BTS on that page. Happy trading...

Records have been updated happy trading, the engn keeps going down against the dollar....

General Discussion / Re: I support the committee
« on: June 17, 2020, 06:53:06 pm »
I agree with this as well, the bitshares token price should be based on the price on the DEX where there is real volume

The records have been updated, happy trading.

The records have been updated, happy trading.

The records have been reset Happy trading

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