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Messages - chigbolu

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General Discussion / Bitshares TA for 15th February 2021
« on: February 15, 2021, 09:10:06 am »

Bitshares just broke down @ 0.08USD on the weekly for the third time. This shows that it will take a while for that resistance to break, the support level right now is at $0.05, which needs to be held in order to prevent a reversal of trend.... On the daily its a clear bearish signal with the formation of a huge rising wedge...
A build up of support at 0.05-0.065 is important to be able to break the 0.08 level and... Hopefully there will be a little range @ this levels pending further developments....
On the news front bitshares is now has futures contracts and FTX products... What's left is institutional re-investments and more adoption...

General Discussion / Re: Who owns this wallet?
« on: January 17, 2021, 04:13:32 pm »
The owner of binanace-bts-1 transferred my 15000BTS to this wallet address a few days ago...

Price charts of Bitshares by traded on Binance.  From last year to this year, monthly technical analysis predictions and actual results, with commentary.  Provided by Bitsharescrude

Since November 2018 till date Bitshares has failed to reach the 0.08USD-0.09USD Mark which would have seen it rise back to significance in the crypto world, Its been two years since then and the cryptocurrency has never been thesame, whether it has the potential to reclaim that price is left to be said. For now let us look at the performance of the previous year.

January 1st - February 14th
During this time bitshares rallied from 0.015USD-0.04USD. It was at this time that Binance added BTS/USDT trading pair, at this time also Bitcoin was having a healthy rally. It was a 45day rally at a profit of 170% at the top.

February 15th - March 17th
Bitshares dropped from 0.035USD - 0.014USD in this period, a 66% drop. Much of it could be attributed to profit taking and the famous bitcoin low @3900USD.

March 18th - Sept 7th
This was Bitshares best rally period as it rose from a low of 0.014USD - 0.06USD, an over 300% gain, infact if you bought at Bitshares low of 0.00897, it would have been over 500% in gains during this 175day period. Much of the positivity was Bitcoin's strong rally, Bitshares protocol upgrades and NBS fork. During this time Bitshares was also added as a DEFI coin on coinmarketcap.

September 8th - November 3rd
There was a strong profit taking after the rally as displayed in this period. Bitshares fell from 0.05USD - 0.015USD close to 80% in losses on a 57day time frame.
During this time also Bitshares went through a transition period in governance and New Bitassets were created, BitUSD was global settled and BitCNY repegged in a series of attempt to restore parity to the blockchain.

November 4th - December 20th
Bitshares also had a short rally from 0.015USD - 0.035USD. This rally is attributed to NBS buy back and bitcoin's strong rally.
Bitshares is currently trading at 0.022USD.

Bitshares Major support zone was at 0.014USD. It was supported three times from this price with the exception of the 0.00897USD recoreded on March 13th.
Bitshares Major Resistance zone starts from 0.04USD. It had three rejections at this zone with the exception of September 7th when it rose to 0.06USD.

Prices to watch this year

From to Low High

Major Support 0.006USD - Major Resistance 0.08USD
Range 0.014USD - 0.04USD
Expected Gains 566%
Expected Losses -85%

Bitshares had eight green months last year, lets hope it builds on its achievements from last year.

 Brought to you by

Join our Liquidity pool, to help promote Bitshares in Nigeria

Current Supply: 4,668,000 CNGN
Issuer income: 4706.8CNGN
Cumulative trade volume: 4,706,800CNGN
Total asset value in CNGN: 369,894.87
Equivalent Naira: 443,873.844NGN @ 475
BMR : 1.2
Decay Supply @387: 24,797CNGN
Double Mark @387: 345,097.87CNGN
Buy back volume = 1,079,367.1CNGN
Decay Value @387 = -709,472.23CNGN
Backing Value = -4,298,105.13CNGN

bitsharescrude-fund is the new Reserve/Budget Wallet for bitsharescrude, it will function as the wallet for holding contract tokens and for emergency funding, when the need arises for funds.... It will also serve as our portfolio, As more Contract tokens are bought or created they will be kept here.
We have now decided a sharing percentage for the funds that will be kept in this wallet, plus, when it will be disbursed, as earlier said this wallet is our portfolio, and our value as an organization will be reflected there... Follow this link to read up on bitshares fund...

bitsharescrude-fund is the new Reserve/Budget Wallet for bitsharescrude, it will function as the wallet for holding contract tokens and for emergency funding, when the need arises for funds.... It will also serve as our portfolio, As more Contract tokens are bought or created they will be kept here.

fbn3113104450 is the new escrow wallet especially for bank transfer transactions. The account is clearly visible on the bitshares blockchain and transactions made to the wallet can be tracked. The main function of the wallet is to send and recieve money from bank transfers.
This process assumes you already have CRUDE.NGN and want to withdraw simply send the amount you want to fbn3113104450, with a memo containing your bank account, or send a mail to containing the bank details.
Your bank account will be written as so... "bank code:account number".
This process assumes you want to make a deposit to the blockchain via bank transfer. Simply send the amount to FBN:3113104450 and add your bitshares wallet name on the note/remark column in your bank transfer app.

The Second function of the wallet is to display the current cash available in that bank account. So if you see 10,000CRUDE.NGN it means that approximately 12500NGN is currently available in cash for withdrawals.

Banks and their respective Codes
ABP : Access Bank PLC
ECO: Ecobank PLC
FCMB: First City Monument Bank
FBP: Fidelity Bank Plc
FBN: First Bank of Nigeria Plc
GTB: Gauranteed Trust Bank Plc
HB: Heritage Bank
JB: Jaiz Bank
KSB: Keystone Bank Plc
POLB: Polaris Bank Plc
PROB: Providus Bank Plc
IBTC: Stanbic IBTC Bank Plc
UBN: Union Bank of Nigeira Plc
UBA: United Bank of Africa
UB: Unity Bank Plc
WB: Wema Bank Plc
ZB: Zenith Bank Plc .

N/B the blockchain is a very risky place to ensure that you do not  lose your funds to the wrong wallet make sure you add fbn3113104450 to your list of contacts...
How to add fbn3113104450 to contact list
* Go to the bitshares dex and click on explorer (the eye sign)
* Click on accounts and search for fbn3113104450 it will show on your dashboard.
* Click on the + sign by the side, it will be added to your contact list and anytime you want perform any transactions, the wallet will come up on your display.

Our pool for BTS/CRUDE.NGN is now running
Our pool ID is 1.19.40

The Feed Price Lifetime of CRUDE.BTS has been adjusted to 6days while the Forced settlement delay is now an hour. Also Maximum settlement volume is set to 100%

General Discussion / How to Profit From Bitshares’s AMM Liquidity Pool
« on: December 14, 2020, 02:26:20 pm »
Bitshares Automated Market Marker Liquidity Pool (AMMLP) is the newest addition to a host of financial tools on the Bitshares DEX. The primary aim of the pool is to provide liquidity for an asset pair usually asset B via trade swaps with asset A, this is good for assets that have no real market liquidity (i.e very few trades) where quick swaps(trade) can be done to access the token probably at a better price than on the real market or to buy in large quantities than is possible on the market. The pool is usually created with three assets/tokens, Asset A, which is the base asset that will be used to fund the pool (or swap) and Asset B, which is the asset that is withdrawn (or taken out of the pool) and Asset C which is the Liquidity pool token (N/B the asset used as the fee pool token must be UIA and must have a zero supply; any asset that fit this criteria can be used).
Asset C can be viewed as a smart contract token because it can only be issued when liquidity is provided to the pool, it is given to liquidity providers who have staked both Asset A and B. The first issue of asset C is used to determine the price of the pool, this cannot be changed from there onwards unless the provider removes liquidity and returns asset C’s supply back to zero (This is a risk as anyone can determine the starting price of the pool, its best practice to immediately fund the pool after creation). This makes the first liquidity provider the pool manager (the creator of the pool), he sets the initial price of the pool and then manages it from there onwards.
Now to the important part, how to profit, profiting from the AMMLP depends on a number of factors;
i. The purpose/aim of the pool: As earlier said the primary purpose is to provide liquidity for asset B, this translates into other use cases like arbitrage trading, mining, fund generation, and smart contracts.
ii. Pool management: the pool is originally supposed to be managed by the creator, who in most cases is supposed to hold more of the LP token, but this is not always the case as pools can be created and left to market forces.
iii. Market conditions: This is another important factor as the market conditions of the three assets usually determines how best one can profit from the Pool. For example if Asset A is more valuable than Asset B, traders will prefer to provide liquidity than to swap for asset B and vise versa. Traders will also provide liquidity if Asset C is perceived to be more valuable than both A and B.
iv. Asset Pool fees: This last factor is not too important as it only favors the asset owners, however the supply of the LP token depends on Asset A and the taker fee percent initially set by the pool manager, while the maker fees affect the swap smaller fees allow for easier arbitrage/swaps.
It is also important to note that selling asset C passes the contract rights to the new owner. Asset C is dynamic and can be redeemed by anyone who holds the token whether they added liquidity or not, also the supply of Asset C depends on the amount of asset A in the pool.
Currently the most liquid Pool is the BTS/CNY pool which holds up to 1.57million bitshares… Bitsharescrude has also started its own BTS/CRUDE.NGN pool and plans to hold up to 1.25Million BTS in swaps by 2021.

Follow the link below to see how to setup a pool

Trading Reward update
Bitsharescrude has been running it's trading reward program for about 3 months now, it hasn't gone as well as thought, however the CRUDE.NGN/EVRAZ market has thrived strongly since the beginning of the program. Due to this and recent events the trading reward program will now be streamlined for convenience, from this month onwards but the reward stays thesame...

 Market Rules

• Traders MUST have at least 1000CNGN in their accounts to be eligible, this amount must visible on or any bitshares explorer because results are calculated manually.

• The top ten active traders with a visible bid equivalent to at least 1000CNGN will get to share the reward pot.

• The reward pot will be calculated using 1% of the total amount of CNGN held by each of the ten accounts.

• The reward will be in CRUDE.BTS in line with the new vision of bitsharescrude.

• The reward pot will be shared on a weekly basis after an overview of market orders and CNGN holders.

The next reward pot will be shared on the 6th of December 2020 after calculations are completed.

Here are the top ten traders for last week (Reward is in CRUDE.BTS)
nonso-isi 4.159
misha-luk 3.476
altin 2.901
shlvn 2.203
shirak 2.167
arisha-luk 2.072
jarko-srb 2.060

But they wont get their price because they didnt follow the rules...

General Discussion / Bitshares TA for 13th December 2020
« on: December 12, 2020, 07:35:55 pm »
Bitshares has traded between 0.0273-0.0178USD. It is currently trading at 0.0215USD and is currently sitting on a descending to symmetric triangle pattern. In the short term BTS still shows signs of weakness and a break below  0.0195USD may cause continued sell pressure probably down to 0.016USD . Bitshares above 0.022USD may trigger an upward rally, there were chances for this yesterday but the bulls are probably not sure yet , so far in the long term bitshares looks poised for a nice rally up so for now just buy the dips.... ;D
Uptrend ---> abv 0.024 -> 0.028-0.33USD
Downtrend ----> below 0.0195 -> 0.014-0.013USD
Sideways ---> 0.023-0.0195USD...

General Discussion / Re: Who owns this wallet?
« on: December 09, 2020, 06:24:06 am »
same goes for this one i lost 7350 bts to last year
Sorry about that.... I don't why someone would do this another person, not that they're even using the funds, it just sits there so painful...

General Discussion / Re: Analysis of My Bitshares transaction blunder
« on: December 06, 2020, 12:44:10 am »
Sorry to hear of that expensive mistake. I do hope you can recover from this!

The UI allows to add "Contacts" or "Favorites". The Account Selector on first click should also populate those (just tested on develop, does not seem to work). Furthermore, contacts are highlighted in green. The issue is that people simply don't use that function. The UI would need to train or know by itself what the exchange accounts are (imho).
Yes I saw the contact option, I didn't know that was it's function, it works, now I can save my favorite wallets

Week 12 Top Ten Trading Reward
 misha-luk 3.362CBTS

Next reward pot will be shared on 13th Dec 2020

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