Author Topic: Nearing Bottom  (Read 4450 times)

0 Members and 1 Guest are viewing this topic.

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
Re: Nearing Bottom
« Reply #30 on: March 24, 2015, 10:50:30 pm »
I bought a few, half through metaexchange, half through blocktrades  :)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Helikopterben

  • Sr. Member
  • ****
  • Posts: 202
    • View Profile
Re: Nearing Bottom
« Reply #31 on: March 25, 2015, 03:37:19 am »
The downward trend channel is pretty clear using a log chart.  It looks like we are at the bottom of the range.  A capitulation throw-over could go below the line briefly, signaling the end of the bear market.  We shall see.  It would be nice to put some flash crash bids in place but it is just too hard to trust the exchanges, even for a few hours. 

It is a bit worrying that this bear move has retraced the entire rise from last summer and then some, although bitshares has experienced substantial changes since then, including a change in the number of units to be put into circulation, which is very controversial in the crypto world.  I don't see this as a long-term problem, especially as control shifts from developers to shareholders over time and investors realize that these arbitrary changes will become less feasible and eventually nearly impossible (and highly likely to never happen again).

This could be the buying opportunity of a lifetime.  Of course that is just my opinion and is in no way financial advise.


Offline yellowecho

Re: Nearing Bottom
« Reply #32 on: March 25, 2015, 03:57:25 am »
I'm shorting bitUSD regardless  8)
696c6f766562726f776e696573

Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
Re: Nearing Bottom
« Reply #33 on: March 25, 2015, 04:18:14 am »
Anyone find it slightly odd that the top 10-15 coins crashed substantially and simultaneously, with one notable exception?

I've noticed, increasingly and only circumstantially, that there are times when all coins get hit and one gets pumped.

No evidence or data to back that, just an old trader that gets twigged every now and again looking at CMC.

Could be some Wall Street algos moving in?

Offline onceuponatime

Re: Nearing Bottom
« Reply #34 on: March 25, 2015, 04:37:36 am »
Anyone find it slightly odd that the top 10-15 coins crashed substantially and simultaneously, with one notable exception?

I've noticed, increasingly and only circumstantially, that there are times when all coins get hit and one gets pumped.

No evidence or data to back that, just an old trader that gets twigged every now and again looking at CMC.

Could be some Wall Street algos moving in?

What's going on at coinmarketcap's bitUSD quote? It's crazy.  Might be causing slide in BTS market cap,   http://coinmarketcap.com/assets/bitusd/

Where are they getting their price feed?   I bought a little bit of bitUSD at bter to try and correct the coinmarketcap feed.  Didn't work.

   Who are the owners of coinmarketcap.com?  Could someone be manipulating to buy up cheap BTS?

I mean, with ALL the good news lately, it makes no sense the dropping marketcap (accept for the bitUSD nonsense quotes).

Offline Troglodactyl

  • Hero Member
  • *****
  • Posts: 960
    • View Profile
Re: Nearing Bottom
« Reply #35 on: March 25, 2015, 05:07:41 am »
Anyone find it slightly odd that the top 10-15 coins crashed substantially and simultaneously, with one notable exception?

I've noticed, increasingly and only circumstantially, that there are times when all coins get hit and one gets pumped.

No evidence or data to back that, just an old trader that gets twigged every now and again looking at CMC.

Could be some Wall Street algos moving in?

What's going on at coinmarketcap's bitUSD quote? It's crazy.  Might be causing slide in BTS market cap,   http://coinmarketcap.com/assets/bitusd/

Where are they getting their price feed?   I bought a little bit of bitUSD at bter to try and correct the coinmarketcap feed.  Didn't work.

   Who are the owners of coinmarketcap.com?  Could someone be manipulating to buy up cheap BTS?

I mean, with ALL the good news lately, it makes no sense the dropping marketcap (accept for the bitUSD nonsense quotes).

Yeah, CMC clearly has bad data.  They show most of the volume being on the internal BitShares exchange, but the numbers they report don't match the internal market at all.

Offline Troglodactyl

  • Hero Member
  • *****
  • Posts: 960
    • View Profile
Re: Nearing Bottom
« Reply #36 on: March 25, 2015, 05:11:40 am »
BitSharesBlocks is wrong too.  Maybe that's where they're getting their data.  Is anyone in contact with svk?

EDIT: Fixed now.
« Last Edit: March 25, 2015, 12:16:53 pm by Troglodactyl »

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Re: Nearing Bottom
« Reply #37 on: March 29, 2015, 03:53:06 am »
BTS is very, VERY oversold right now, imo.  So many people panicked out near the bottom. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline BldSwtTrs

  • Sr. Member
  • ****
  • Posts: 220
    • View Profile
Re: Nearing Bottom
« Reply #38 on: March 29, 2015, 11:25:26 am »
Anyone find it slightly odd that the top 10-15 coins crashed substantially and simultaneously, with one notable exception?

I've noticed, increasingly and only circumstantially, that there are times when all coins get hit and one gets pumped.

No evidence or data to back that, just an old trader that gets twigged every now and again looking at CMC.

Could be some Wall Street algos moving in?

What's going on at coinmarketcap's bitUSD quote? It's crazy.  Might be causing slide in BTS market cap,   http://coinmarketcap.com/assets/bitusd/

Where are they getting their price feed?   I bought a little bit of bitUSD at bter to try and correct the coinmarketcap feed.  Didn't work.

   Who are the owners of coinmarketcap.com?  Could someone be manipulating to buy up cheap BTS?

I mean, with ALL the good news lately, it makes no sense the dropping marketcap (accept for the bitUSD nonsense quotes).
What good news? (Honest question, I really want to know)

Offline onceuponatime

Re: Nearing Bottom
« Reply #39 on: March 29, 2015, 07:46:20 pm »
Anyone find it slightly odd that the top 10-15 coins crashed substantially and simultaneously, with one notable exception?

I've noticed, increasingly and only circumstantially, that there are times when all coins get hit and one gets pumped.

No evidence or data to back that, just an old trader that gets twigged every now and again looking at CMC.

Could be some Wall Street algos moving in?

What's going on at coinmarketcap's bitUSD quote? It's crazy.  Might be causing slide in BTS market cap,   http://coinmarketcap.com/assets/bitusd/

Where are they getting their price feed?   I bought a little bit of bitUSD at bter to try and correct the coinmarketcap feed.  Didn't work.

   Who are the owners of coinmarketcap.com?  Could someone be manipulating to buy up cheap BTS?

I mean, with ALL the good news lately, it makes no sense the dropping marketcap (accept for the bitUSD nonsense quotes).
What good news? (Honest question, I really want to know)

Did you get the last newsletter?

https://bitshares.org/newsletter/2015/nullstreet/the_nullstreet_journal_0-2.pdf?utm_source=BitShares+Supporters&utm_campaign=a9b7554fa0-Community_Newsletter_Volume_0_2__3-13-2015&utm_medium=email&utm_term=0_a18e5c0fa1-a9b7554fa0-110111421&mc_cid=a9b7554fa0&mc_eid=f536c3d556

And there's lots more besides what is listed in there. For instance, Peertracks (powered by BitShares) just had their debut at the Texas Bitcoin Conference yesterday, and NOTES are now trading on the BitShares internal exchange as a UIA and at https://blocktrades.us/

Have you checked out http://cryptosmith.info/index.php  where you can purchase physical gold and silver with bitAssets and have it deleivered to your door?