Author Topic: Bitshares price discussion  (Read 987163 times)

0 Members and 1 Guest are viewing this topic.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Dont margin bts right now, lending rates on btc are stupidly high,like 1-2%.

Too many people are margin long coins right now, the whole thing might crash.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline werneo

  • Sr. Member
  • ****
  • Posts: 305
    • View Profile
    • chronicle of the precession of simulacra
  • BitShares: werneo
Any idea what is causing this movement?  Is it just all the money from eth sloshing around, and some of it finally finding us?  Do people know about the progress we have made?  Is this a response to stealth, azure?  What do you guys think?

Traders are starting to take profits on ETH and now they need a fresh horse to bet on. If the Azure blog post comes out next week it could fuel the fire.

One measure of BTS excitement among traders is that the order book for buys on Poloniex is about x3 what it was 2 days ago.
« Last Edit: March 06, 2016, 11:31:03 pm by werneo »

Offline lil_jay890

  • Hero Member
  • *****
  • Posts: 1197
    • View Profile
Well we finally have a mobile wallet, we have ability to do stealth transfers, documentation has come along and more people are developing.  All great things for organic growth that will hopefully bring in "stickier" money.

A bigger market cap is going to bring in stronger hands with more money.  Right now it's very difficult to establish bigger stakes in BTS because the price can be moved so easily.  The overall alt coin market cap has been on fire lately (thanks to ethereum mostly), a good sign that the crypto scene is maturing.

Offline puppies

  • Hero Member
  • *****
  • Posts: 1659
    • View Profile
  • BitShares: puppies
Any idea what is causing this movement?  Is it just all the money from eth sloshing around, and some of it finally finding us?  Do people know about the progress we have made?  Is this a response to stealth, azure?  What do you guys think?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
A 30% up day?  BTS can do that? :)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Yes.  Just do not margin it.

And if you do, do not use BTS as collateral to margin BTS. :P



Its nice to see BTS as one of only two of the polo margin coins doing well right now.  BTC and FCT both heavily green, rest are red.
The only other major things I see doing well right now is the storage coins, SJXC and SIA, and XEM.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline puppies

  • Hero Member
  • *****
  • Posts: 1659
    • View Profile
  • BitShares: puppies
Also please be very careful with margin everyone.  A lot of true believers were crushed in October by margin calls.  I know I lost a couple hundred thousand bts, by being stupid with margin.  Remember that if you go margin long, you will have to sell at some point. 

I think that in October when we were crushed so bad, a ton of bts ended up in the hands of traders that didn't know anything about it or care about it at all.  I think this is one of the main reasons we have had such a hard time bouncing back. 

I still play with margin, but I keep the amount very low, and if things go the wrong way I let it go and accept the loss.  Doubling down on a losing bet is what hurt me so bad in October.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline CLains

  • Hero Member
  • *****
  • Posts: 2606
    • View Profile
  • BitShares: clains
people on poloniex are really curious about bitshares

traders are skeptical, afraid to be dumped on, disappointments

meanwhile there is general recognition now compared to before that the tech is useful and brilliant

BTS wrecked a ton of people in october because the insiders and original pts miners dumped when 2.0 released.  That pretty much made people not trust BTS.

Yeah we need to be genuinely humble this time around. It's easy to forget for outside observers that we're just a decentralized community doing our best to create a usable financial platform. This time around I think people are interested and receptive to our core tech and message though, so it's a great opportunity to invite people to be part of our community, slack etc. :)
« Last Edit: March 06, 2016, 09:33:50 pm by CLains »

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
people on poloniex are really curious about bitshares

traders are skeptical, afraid to be dumped on, disappointments

meanwhile there is general recognition now compared to before that the tech is useful and brilliant

BTS wrecked a ton of people in october because the insiders and original pts miners dumped when 2.0 released.  That pretty much made people not trust BTS.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline CLains

  • Hero Member
  • *****
  • Posts: 2606
    • View Profile
  • BitShares: clains
people on poloniex are really curious about bitshares

traders are skeptical, afraid to be dumped on, disappointments

meanwhile there is general recognition now compared to before that the tech is useful and brilliant

Offline puppies

  • Hero Member
  • *****
  • Posts: 1659
    • View Profile
  • BitShares: puppies
How high will it go before our whales start dumping?  Perhaps all the weak hands have already folded.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
The BTS chart reminds me of Monero in December and January.  It would spike up and then go back down, did it several times.

Then it finally broke out.

Hopefully we see BTS move to 3000+ sats in a couple months.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline puppies

  • Hero Member
  • *****
  • Posts: 1659
    • View Profile
  • BitShares: puppies
looks like we are finally getting some attention.  Hopefully some of these people check out the wallet, and see how awesome bts actually is.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads