Author Topic: Bitshares price discussion  (Read 645486 times)

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Offline crypto4ever

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It appears USDT has been the cause of why we've fallen harder than Bitcoin this time around too.

Coinmarketcap uses the weighted average of the highest volume markets (or pairings) when reporting its price.

Look at this image from last night:



I've got into a lot more detail in this post... :

https://bitsharestalk.org/index.php/topic,25289.msg315731.html#msg315731

Question, if our witnesses stop reporting price feeds for USDT with advance notice of their intention.. could we remove this pairing from the dex?


« Last Edit: February 06, 2018, 08:11:02 pm by crypto4ever »

Offline biophil

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Please do keep in mind that this whole general pump is largely fueled by the Tether scam   :-\...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.

Likely enough. I quit using USDT a long time ago, a while before I quit using BitUSD (because we have some whales who are dancing awfully close to undercollateralization and black swans).

I'm absolutely shocked that the Tether people have been able to maintain USDT-USD parity for so long without even the illusion that USDT can be redeemed for USD. Seems like by now we'd start to see BTC/USD and BTC/USDT prices diverge, but they've been pretty well locked together for months. Blows my mind.
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Offline valtr

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Please do keep in mind that this whole general pump is largely fueled by the Tether scam   :-\...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.

Offline crypto4ever

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Please do keep in mind that this whole general pump is largely fueled by the Tether scam   :-\...

You were right more than you may have realized!  USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.

https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/

All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.


Offline Bitty

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Selling some BTS for EUR.
Please contact me in case of interest.


Offline inarizushi

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Please do keep in mind that this whole general pump is largely fueled by the Tether scam   :-\...
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline JohnR

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If bitassets can get some more traction $1/bts seems conservative.  Like you say, not sure whether that takes 6 months or 2 years.

I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)


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Offline Chuckone

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I guess 4-5 cents is definitely possible. I don't think it will happen soon, the trend being upward for the moment. In any case, any price below 10cents is a good price IMO. I might be delusionnal, but I believe 1$/BTS is not a matter of if, but when (when being any moment between now and 2020)


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Offline inarizushi

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BTS will probably crash with BTC, at least in $ value. Hopefully the price in BTC will increase during the crash, but I wouldn't bet on that. I would say that a good entry price for BTS would be 4-5 cents. It might go back to a cent, who knows. It might also never go back down. As always, the rational thing to do when you have such uncertainty and no objective way to tell what is cheap is to use "dollar cost averaging": choose how much you want to buy, buy 10% of that amount every week or every month at whatever price. But this requires high self control, at least more than what most of people in crazy cryptoworld can muster.
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Offline KenMonkey

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This bitcoin boom is silly. When bitcoin falls will BTS fall? I'm always debating the link between BTS, BTC, and ETH. Sometimes they move opposite, which I think is likely in the future. The bitcoin share of the total market cap is very high. Remember when "the flippening" was going to happen? eventually it will happen.

Offline KenMonkey

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What's a good new entry price for BTS?

Offline Ravid

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Get BTS on https://www.bithumb.com

Are you sure? I just went there, and BTS is not listed.   Their translations are very poor, not a lot of confidence in that website.
He meant "get bithumb to list bts"

And as for confidence - it's a number two exchange on CMC by trading volume ($1.14 billion)

Offline intelliguy

Get BTS on https://www.bithumb.com

Are you sure? I just went there, and BTS is not listed.   Their translations are very poor, not a lot of confidence in that website.
I'm @intelliguy on steemit. I usually get things right (or so they tell me), follow me there if you want to see more. Tips accepted to bitshares user: intelliguy-bts  (I'm a lifetime member because I trust in the Bitshares ecosystem)