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Messages - chigbolu

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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...

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.


« 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

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.

Technical Support / Re: Account Hijacked
« on: November 08, 2019, 07:35:12 am »
I am sorry to hear that you lost all cryptos.
Same with me too. Back then, total value was around $300,000. How did manage to cope after this loss?
Very disappointing.

All the best

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.

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

General Discussion / Re: Bitshares TA update Oct 5th
« on: October 07, 2019, 07:06:10 pm »
Currently a breakout from the red line has occurred both on the daily and weekly, although it's too early to tell but it's a good sign

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General Discussion / Re: Bitshares TA update Oct 5th
« on: October 07, 2019, 06:57:53 pm »
This was my initial chart...

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General Discussion / Re: Bitshares TA update Oct 5th
« on: October 07, 2019, 06:52:38 pm »

Head and Shoulders pointing that there is a high propabilty that BTC Dominance will make a massiv down move.

Altcoins breaking out a longterm down trend.

Myself i don't see BTS moving down much anymore (if there are not big unnatural dumpers) but moving up x3-4

October will be a hot political month and yearly stock report which should point to a recession.
Nice charts thanks...

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General Discussion / Re: Bitshares TA update Oct 5th
« on: October 07, 2019, 06:50:31 pm »
so basically you are saying the price could go up or down? hmm..  ::)

and also on what factors do you expect that break? could you elaborate reasons for your call if you are technical analyst with charts or something
Am not a professional... But I have analysed to the best of my knowledge BTS on the upside would get to at least 0.04usd and on the low side would be 0.016usd at least by month end... Based on support and resistance line... Right now am expecting BTS to go green

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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..

General Discussion / Re: Many "Create Proposal"
« on: October 03, 2019, 09:12:49 am »
It's a scam phishing attempt do not respond to any of those proposals...

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General Discussion / Re: worker for market cap management?
« on: October 01, 2019, 08:28:26 am »
We just need to know what the investor/money care about.

How to attract the attention of the market/money first?function or price or market development?which is more effective?
Function and market development are more important than price...

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