Author Topic: Bitshares price discussion  (Read 394701 times)

0 Members and 1 Guest are viewing this topic.

Offline Thom

Re: Bitshares price discussion
« Reply #3405 on: May 08, 2017, 04:23:47 pm »
Where did all the FUD go? I am used to read all that FUD when the price is moving

Ok... Here is what many consider FUD... Even though they are valid concerns.

1.  And this is an obvious #1,  bitshares is merely caught up in a giant alt coin pump.  While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well?  No.

2.  The pump is being contained mostly to the centralized exchanges.  Account creations is stagnant and transfers hasn't made a new high.  Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.

3.  The money isn't flowing to derivative projects for basically any of the major platforms.  The money is staying one derivative below bitcoin.  In real bull markets, small caps outperform large caps.

4.  Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse.  The debacle at blockpay and possible delay of stealth is very concerning.  Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.

Whats bullish??

The inablility for people to withdraw bitcoin to fiat is bullish.  It gives exposure to bitUSD or bitCNY as a low volatility solution.  Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.

Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies.  I think all of crypto, including BTS has either topped or will top this week.  How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.

Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here.  Parabolic markets always reverse and they reverse hard.

Although I do see you as being a consistent contrarian to must of the "hodlers" around here, I agree with most of what you said here. I too believe when this bull market in crypto ends BTS price will decline sharply. However, and your projections agree, it will not drop back to the lows in January. The reason is this crypto pump has brought more eyes on BitShares to see how undervalued it has been and the amazing tech that offers so much performance and many of the benefits other chains offer, such as human readable account names. Not to mention the other things nobody offers, such as infrastructure for AML / KYC compliance if that's what your business requires.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Re: Bitshares price discussion
« Reply #3406 on: May 09, 2017, 12:34:16 am »
Take profits imo.  We got a 10x from the 300 level.

Dont sell it all!  Just take profits and diversify.  Dont be the noob who is in just one coin and has to suffer through its bear phases (like I was in 2014!) :D


I am diversifying into a lot of things that have not had huge 5-10x pumps recently. 
Well, a couple of these have risen a lot, but I like them.

Things I like now, by market cap:

Monero
Maidsafe
Stratis (wait for a pullback imo)
Siacoin
Syscoin
Komodo
Counterparty
Vertcoin
Ubiq
I/OCoin
Rubycoin
Burst
Supernet


Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.  Many of the coins that were delisted are crap, but these are NOT and it was a mistake for polo to delist them imo.  I researched the coins that were delisted because they all crashed, and these three stood out to me as being a mistake for polo to remove, and being undervalued due to the price crashing on delist.  Honestly they are all super undervalued now, entirely as a result of their delisting, which is the only reason they dropped.  I have been buying them since the delist.

IOC has a major release coming in the next two months.
Rubycoin was close to releaseing a trading app for poloniex (LOL polo), but will be doing it for bittrex instead.
Supernet is an NXT asset that holds a lot of crypto (IOTA, Komodo, etc), and is valued at well below the value of the assets it holds.

IOC and Ruby are on Bittrex.  Supernet sadly isnt and you have to go to NXT asset exchange to get it, so if thats too annoying you can skip that one. 


Diversify whatever of your cryptos have gone 10x recently like BTS, and put 5% of that amount into each of them on this list, and hold the remainder in BTC or even USD waiting for an altcoin correction.  This is extremely likely to perform better for you and also be safer than remaining in one coin that has pumped.
« Last Edit: May 09, 2017, 12:36:29 am by Ander »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Re: Bitshares price discussion
« Reply #3407 on: May 09, 2017, 07:37:10 am »
You guys sold some at 3000 with me right?   8)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline sahkan

  • Sr. Member
  • ****
  • Posts: 242
    • View Profile
    • BitShares DEX
Re: Bitshares price discussion
« Reply #3408 on: May 09, 2017, 07:38:43 am »

Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.

I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.

Offline Tuck Fheman

Re: Bitshares price discussion
« Reply #3409 on: May 09, 2017, 08:02:25 am »
Fire sale!
Lucksacks.com - The Largest Cryptocurrency Freeroll Poker Site in the World!

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: Bitshares price discussion
« Reply #3410 on: May 09, 2017, 09:48:54 am »
You guys sold some at 3000 with me right?   8)

You jinx it..  :(

Offline chryspano

  • Hero Member
  • *****
  • Posts: 610
    • View Profile
Re: Bitshares price discussion
« Reply #3411 on: May 09, 2017, 10:37:24 am »
Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"

I'd like to know that too. It's just crazy. Even for crypto markets.

I do enjoy it though, as long as it lasts  :D

I was reading another blog on steemit today https://steemit.com/cryptocurrency/@jrcornel/updated-steem-price-analysis-steem-tops-the-usd1-mark and this time I paid attention to the "Japan factor",  if this quote below is true, my wild guess is that part of the huge rise in price and trading volume both in BTS and STEEM might be the inclusion of BTS and STEEM in some of those exchanges, a very wild speculation, I know. In any case this huge rise in trading volume can only be a huge positive imo.

Quote
More than 10 brand new virtual currency exchanges are coming online right now in Japan. Plus, the consumption tax on virtual currency trading is being eliminated in June. That is causing massive demand from the region.

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Re: Bitshares price discussion
« Reply #3412 on: May 09, 2017, 10:50:48 am »

Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.

I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.

You literally picked the one I was least sure about on my entire list, but ok.  Dev is active in it, though not a lot of others are. 

I can assure you thats not the case for most of the coins I listed, which have quite active communities.

If you make a mistake on one, well, thats why you diversify.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline chryspano

  • Hero Member
  • *****
  • Posts: 610
    • View Profile
Re: Bitshares price discussion
« Reply #3413 on: May 09, 2017, 11:03:54 am »
afaik we are in Bitshares price discussion thread. Can we be ontopic?  :)

Offline mea123

  • Full Member
  • ***
  • Posts: 82
    • View Profile
  • BitShares: mea123
Re: Bitshares price discussion
« Reply #3414 on: May 09, 2017, 01:01:11 pm »
You guys sold some at 3000 with me right?   8)

it is really encouraging that so much ppl know everything
yes markets go up and down and often sideways
thats the nature of the game
and yes what goes up must come down, just none of you or anybody
will ever know when, why and less how much..all guesswork
some use Fibs
often markets go up and just retrace a bit, and than go up more..if this is a
possibility for you, just keep what you have and wait,
the buyers and seller are the pigs
If you dont believe in what you own, better dont own it in first place..
I love BTC and others as well, and I bet against it that BTC will be 1000 or less end of June

so we all have opinion, but thats a bout it..ask Warren Buffet about his strategy

PS: one thing is for sure,
one will be right and other will be wrong at the end, thats a 100% certain !

good luck guessing

Offline Permie

  • Hero Member
  • *****
  • Posts: 606
  • BitShares is the mycelium of the financial-earth
    • View Profile
  • BitShares: krimduss
Re: Bitshares price discussion
« Reply #3415 on: May 15, 2017, 02:35:09 pm »
Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline Riverhead

Re: Bitshares price discussion
« Reply #3416 on: May 15, 2017, 02:36:32 pm »
Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

Sent from my SM-G935T using Tapatalk


Offline Thom

Re: Bitshares price discussion
« Reply #3417 on: May 15, 2017, 03:05:04 pm »
Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

Sent from my SM-G935T using Tapatalk

WOW! Welcome back to the forums Riverhead, long time no see.

Guys, this is one of the early BitShares pillars here, one of the core community members who helped to make BitShares what it is, particularly the BitShares community. Hope all is will in your world James, and hope to see more from you here in the future.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Permie

  • Hero Member
  • *****
  • Posts: 606
  • BitShares is the mycelium of the financial-earth
    • View Profile
  • BitShares: krimduss
Re: Bitshares price discussion
« Reply #3418 on: May 15, 2017, 03:18:16 pm »
Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

Sent from my SM-G935T using Tapatalk

Thanks, I crudely added up the listed Market Cap for each Smartcoin AND UIA that have a trading volume of at least $0.3 per day to equal +/- $95MM.

Which is almost equal to the BitShares Market cap at time of posting of $100MM according to cryptofresh.

Is this public knowledge?
Is bts Martketcap = Smartcoin + UIA Marketcap expected?

Bts shareholders cannot easily raise the market cap of bts... but they certainly can increase the number of SmartCoins and UIAs available on the DEX.

Is the below image evidence that the price of bts is highly correlated to the volume of Smartcoins/UIAs?
If shareholders create smartcoins, and lockup bts in collateral, and increase the volume of SmartCoins does this translate directly into an increase in the price of bts?



Does the volume of SmartCoins on the DEX create a floor for the price of bts?
« Last Edit: May 15, 2017, 03:24:53 pm by Permie »
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline biophil

  • Hero Member
  • *****
  • Posts: 880
  • Professor of Computer Science
    • View Profile
    • My Academic Website
  • BitShares: biophil
Re: Bitshares price discussion
« Reply #3419 on: May 15, 2017, 03:25:23 pm »
Quote
Is bts Martketcap = Smartcoin + UIA Marketcap expected?

I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.

Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.
Support our research efforts to improve BitAsset price-pegging! Vote for worker 1.14.204 "201907-uccs-research-project."