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NBT is collapsing just like most other alt coins...
Prob shouldn't trade if you don't understand how the coins work.
Im not gonna lie. This consistently low price is depressing.
I really don't think the price will instantly or magically increase. If it does, be suspicious of manipulative whales. What we all need to do is hit the ground and promote the hell out of this thing, fueling some greater adoption, and get the momentum rolling to where businesses and customers WANT to use BitShares for various functions. Then we will see the kind of sustainable growth that has been so elusive in BitShares (or crypto in general). It won't happen this week or next month. But in a few months or a year or two, our efforts should be rewarded.
Get on it, people. Promoting BitShares is a 'part-time job' now for all of us. Imagine working at Google (or insert your favorite startup success story here) when they first got started with the promise that your options might be worth a great deal more someday. And that your technology could make the world a much better place. We can make it happen.
Customers and merchants don't care about Bitshares. The market for Bitshares are people who want to speculate or loan or park their money and collect some kind of yield or interest.
There isn't another decentralized exchange where people can do that. There are plenty of coins competing to get merchants and customers. If you can store your earnings in gold or silver that is something nothing else can offer right now.
The market for Bitshares are people who want to speculate or loan or park their money and collect some kind of yield or interest.
I made a transcript of this interview:
https://docs.google.com/document/d/1bQKIKHY3_wgaaeNMx0U5S-yY2nV7eD04cQXym76ePWE/edit?usp=sharing
Also available in PDF format here:
https://dl.dropboxusercontent.com/u/38768040/misc/ltbinterviewwithdanlarimer.pdf
Send bts and/or brownies to: werneo
How long did this take you?
follow-my-vote ει 1,000,000 BTS εεΎ poloniexwallet 12 minutes ago
Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.
While this does mean something, you must also understand that it is heavily manipulated by whales to get the price to move where they want.
Whenever a whale wants the price to rise into his sell he adds a 100 btc buy wall lower down to make the buy support look good, and when he wants to buy more he adds a 5M bts sell wall higher up and pulls away most of the buy orders to make this look terrible.
Usually when the disparity hits extremes, its at a top or bottom and then it reverses and goes the other way.
As soon as a whale gets an order filled that he wanted filled, he reverses his walls so that it looks the opposite of the way it did before. If you buy and sell only based on the buy support and amount available for sale, you are just asking to get manipulated by these whales.
Of course, I am not saying that the buy support amount is meaningless, it does mean something.
What's the all time low for Bitshares?
afaik, you are here.
