Bitshares price discussion

[Ander]

I'm guessing something big is coming out of Greece this week

All of its money?

Capital controls

All its money leaving prior to the implementation of those capital controls.

Then what will they do to get their money out before its stolen?  Buy crypto or PMs are the only options.

[lil_jay890]

I'm guessing something big is coming out of Greece this week

All of its money?

Capital controls

[Tuck Fheman]

Man, litecoin is going craaaazy. 

Old Skool P&D.

[Ander]

I'm guessing something big is coming out of Greece this week

All of its money?

[lil_jay890]

I'm guessing something big is coming out of Greece this week

[Ander]

Man, litecoin is going craaaazy. 

We are fighting to stay ahead of Doge.


Hopefully when china wakes up very soon they'll see this and drive BTS to the moon as well on btc38.

[Ander]

I think either he expects the price to drop and/or is happy with storing the value as bitCNY

If he shorts it to himself, it doesnt change his position.  If he expected the price to drop he would just buy itCNY from others, not short to himself.    I'm guessing its just a big whale rolling over his position.

[karnal]

I think either he expects the price to drop and/or is happy with storing the value as bitCNY

[Ander]

A whale just shorted to themself tons of BTS worth of bitCNY, in million share chunks every couple minutes.  There's over $100,000 USD worth of volume in bitCNY. 

What does it mean? 

[jsidhu]

Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.

I'd be happy if it is the devs selling to pay bills. Allows for newcomers to enter, and balances out the distribution.

I wouldn't be.. not at this time now is the time to make ground on #2 and #1... seems to be a major inflow of money coming in.. that doesn't mean distribute it should mean accumulate.

[Ander]

GET EXCITED!

You guys and your joke charts, lol.

Purple line on my chart looks to be happening. 

[bitmeat]

Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.

I'd be happy if it is the devs selling to pay bills. Allows for newcomers to enter, and balances out the distribution.

[Empirical1.2]

Interesting that chinese bears keep smacking price down with large sells on every rise.. Other coins going exponential and don't even have any news lol go figure.

It won't be bears, it will be mainly front-runners selling on the news imo.

While Bitcoin struggles with changes I think we could see the crypto-currency contenders such as Dogecoin and LiteCoin perform well in the next few weeks. Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly. 

Edit: Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.

[Chuckone]

Confirmed: we are the new wealthy elite, gentlemen.

I'll believe it when Bitshares surpass Bitcoin's market cap. Which is far from easily done!

[karnal]

True story.