Quote from: Empirical1.1 on November 30, 2014, 12:08:52 AM
I won't rain on your superbull thread but it looks like a few buyers bought a lot over a short period with the purpose of spiking the price and that the volume has dissipated somewhat now. I bought yesterday before the rally but have sold some expecting some pullback.

Things are always quiet while China sleeps.  They wake up in an hour.

Of course, selling some on quick rises is almost always correct.  There is a good chance you'll buy back a bit lower soon, and have a bit more shares. 
I've done that a lot over the past months, and I've got tens of thousands of extra BTS because of it, trading just ~10% or so of my position.


I'm not doing it this time though, just because MAYBE this time the price just goes crazy.  Normally the chart doesnt really support the possibility of the price truly going crazy, but this time it actually does, so I am holding 100% here.

Good luck to all. :)

Quote from: Ander on November 29, 2014, 09:25:31 PM

Quote from: Empirical1.1 on November 29, 2014, 07:08:18 PM

Yeah, I think BitShares is on the rise now in general, a lot of good things coming together, but this move was too much, too quick, unless there's a specific reason. At the same time there's a lot of people that divested some of their original position around merger time or before and they will buy back in and hold as we rise, so I expect it to keep some of the gains.

I actually dont think this move was too much, or too quick.  Actually I thought this was going to happen a few days ago, and I am surprsed that it took as long as it did.

I think we are going to rise dramatically and relentlessly now, and people are going to be SHOCKED by how hard and fast bitshares goes up.

Expect many comments from people who are missing out and are wondering why it won't pull back and let them in!  I hope that all of the true believers out there have a lot of BTS right now.

I won't rain on your superbull thread but it looks like a few buyers bought a lot over a short period with the purpose of spiking the price and that the volume has dissipated somewhat now. I bought yesterday before the rally but have sold some expecting some pullback.

My core BitShares position though won't change.

Let us be honest: Everybody is waiting for the right moment to beyond go all in.

Quote from: islandking on November 29, 2014, 10:08:58 PM
Is it worth it to sell out now and try to buy back in later?

If you don't know the answer to that question then I suggest you HODL!!!

Quote from: Mysto on November 29, 2014, 10:02:46 PM

Quote from: toast on November 29, 2014, 09:22:58 PM
Americans using chinese exchanges still wouldn't trade CNY.

I do unless it's illegal or something (in that case forget I said anything)  :P

I do too.

Is it worth it to sell out now and try to buy back in later?

I think it's a pump and dump but I do think it will retain some of these gains with all this positive stuff happening.

Quote from: toast on November 29, 2014, 09:22:58 PM
Americans using chinese exchanges still wouldn't trade CNY.

I do unless it's illegal or something (in that case forget I said anything)  :P

Quote from: Ander on November 29, 2014, 09:25:31 PM

Quote from: Empirical1.1 on November 29, 2014, 07:08:18 PM

Yeah, I think BitShares is on the rise now in general, a lot of good things coming together, but this move was too much, too quick, unless there's a specific reason. At the same time there's a lot of people that divested some of their original position around merger time or before and they will buy back in and hold as we rise, so I expect it to keep some of the gains.

I actually dont think this move was too much, or too quick.  Actually I thought this was going to happen a few days ago, and I am surprsed that it took as long as it did.

I think we are going to rise dramatically and relentlessly now, and people are going to be SHOCKED by how hard and fast bitshares goes up.

Expect many comments from people who are missing out and are wondering why it won't pull back and let them in!  I hope that all of the true believers out there have a lot of BTS right now.

I always seek your posts eagerly when I am somewhat in a blue mood.  :)
Hope you are right... as usual.

Quote from: Empirical1.1 on November 29, 2014, 07:08:18 PM

Yeah, I think BitShares is on the rise now in general, a lot of good things coming together, but this move was too much, too quick, unless there's a specific reason. At the same time there's a lot of people that divested some of their original position around merger time or before and they will buy back in and hold as we rise, so I expect it to keep some of the gains.

I actually dont think this move was too much, or too quick.  Actually I thought this was going to happen a few days ago, and I am surprsed that it took as long as it did.

I think we are going to rise dramatically and relentlessly now, and people are going to be SHOCKED by how hard and fast bitshares goes up.

Expect many comments from people who are missing out and are wondering why it won't pull back and let them in!  I hope that all of the true believers out there have a lot of BTS right now.

Americans using chinese exchanges still wouldn't trade CNY.

Quote from: blahblah7up on November 29, 2014, 10:42:52 AM
I think it's undervalued in any case, but what changed now?

It's a pump and dump. There is no logical reason for money to come in that quickly so you can expect it to fall out just as quickly.

It's also the holiday season and it's very possible that people want to pump and dump to shake weak hands so they can use the money to buy Christmas gifts. I don't trust the markets at these times as the incentives and timing seem to suggest pump and dump activity.

Quote from: donkeypong on November 29, 2014, 09:14:22 PM
It's nearly all Chinese volume. Payday usually comes at the end of the month there. Buyers are guessing they have one or two more chances to get in before this thing goes up. I have no way of knowing for sure, but that would be my #1 guess.

Could be the Chinese or it could be Americans using the Chinese exchanges. If it's the Chinese it doesn't make any sense why we'd see a huge price movement but maybe people from China can clue us in?

It's nearly all Chinese volume. Payday usually comes at the end of the month there. Buyers are guessing they have one or two more chances to get in before this thing goes up. I have no way of knowing for sure, but that would be my #1 guess.

Quote from: Tuck Fheman on November 29, 2014, 06:33:01 PM

Quote from: blahblah7up on November 29, 2014, 10:42:52 AM
I think it's undervalued in any case, but what changed now?

If BTS were any other coin ... I'd say this is a pump & dump that will settle back to 4700 or so very soon.

Yeah, I think BitShares is on the rise now in general, a lot of good things coming together, but this move was too much, too quick, unless there's a specific reason. At the same time there's a lot of people that divested some of their original position around merger time or before and they will buy back in and hold as we rise, so I expect it to keep some of the gains.

Quote from: blahblah7up on November 29, 2014, 10:42:52 AM
I think it's undervalued in any case, but what changed now?

If BTS were any other coin ... I'd say this is a pump & dump that will settle back to 4700 or so very soon.