Bitshares price discussion

[btswildpig]

Buys at 1500 already hit, wow.

look at BTC you'll know why

[Ander]

Buys at 1500 already hit, wow.

[phillyguy]

Someone has started pumping it up it seems, several spikes higher.  I sold all the sub 1500 bts that I bought in the mid 1600s, and put it up in a new buywall near 1500 again.  (If I never get the BTS back I am happy, because it means the bottom was already in).

Gotta build the buywalls.

Udaman!

[Ander]

Someone has started pumping it up it seems, several spikes higher.  I sold all the sub 1500 bts that I bought in the mid 1600s, and put it up in a new buywall near 1500 again.  (If I never get the BTS back I am happy, because it means the bottom was already in).

Gotta build the buywalls.

[EstefanTT]

Thanks for the explanations guys

[Ander]

I'm very new at looking and trying to understand charts.

The buy wall of 60 BTC on polo at .000014 doesn't mean that price will have an hard time to go downer .000014 ??

Yes.  Unless the wall is removed by whoever put it there (walls sometimes are unreliable).
However, 3M BTS is a wall but its not a really big wall, there are regularly multimillion BTS dumps on btc38 for example. 

The most important factor here is that we are at long term support, every time that BTS has hit these satoshi levels it has been the bottom and it has gone up afterwards.  (Except for short spikes below this level).

[EstefanTT]

I'm very new at looking and trying to understand charts.

The buy wall of 60 BTC on polo at .000014 doesn't mean that price will have an hard time to go downer .000014 ??

[BossYamasaki]

I would say it is likely we break below 6 million market cap.  That would flush out a lot of the bitUSD shorts via margin calls.  Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in.  Effectively leaving them with massive losses and nothing.  It's just how markets work, they screw as many people as possible.

A break below $6M seems very possible to me too.

Maybe a spike.  Do not be long BTS on margin right now.  
Margin long BTS = asking to have all of it taken from you at the low.

Buy and hold BTS = you can ignore what happens and wait for 2.0 release.

Buying $BTS below $6M would be a great ROI IMHO. My only concern is that it won't trade below $6M that long if the release of 2.0 come out sooner than expected. I'm willing to wait until 4th qtr 2015 - 1st qtr 2016 for 2.0 to release. I'm trying to buy as much BTS as I could until 2.0 released. I say the cheaper the better. If BTS trade below $5M-$6M until 2.0 is released it could be the start of a great rally. Especially if 2.0 is up to par with expectations.

[Akado]

How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?

Precisely because we have that solid client about to be released soon. People want to accumulate first so it's only logic to make it go as low as possible to buy as much as they can. At least that's what I think makes sense. 

[lil_jay890]

How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?

Because price doesn't give a crap about how close we are to a new client.  Most of the people trading BTS have very minimal knowledge of any bts events... all the people that follow BTS carefully are most likely fully invested.  This means no more fundamental buyers, only traders.  The trend is down and traders are pressing in the short direction.  It will change eventually and there will be a short squeeze, but it won't have much to do with getting closer to a client release.

[EstefanTT]

How could we go much downer if in mai we were much more far away from having a solid client and even like that, price went up when we hit this current level ?

[Ander]

I would say it is likely we break below 6 million market cap.  That would flush out a lot of the bitUSD shorts via margin calls.  Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in.  Effectively leaving them with massive losses and nothing.  It's just how markets work, they screw as many people as possible.

Maybe a spike.  Do not be long BTS on margin right now.  
Margin long BTS = asking to have all of it taken from you at the low.

Buy and hold BTS = you can ignore what happens and wait for 2.0 release.

[Ander]

I have a large and continuing to grow quantity of BTS loaned out to people shorting.  There are a lot of BTS sold short...

Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.

Almost no chance imo.  Its possible that support will break and there is a momentary spike down caused by margin liquidation, and it you catch it you are lucky, but youre only going to get it if you have a buy order on the books.  Its not goign to trade below this level for long, 1500 satoshis is the rock bottom long term support, there have only ever been a couple short spikes below it.

[lil_jay890]

I have a large and continuing to grow quantity of BTS loaned out to people shorting.  There are a lot of BTS sold short...

Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.

I would say it is likely we break below 6 million market cap.  That would flush out a lot of the bitUSD shorts via margin calls.  Then it will be likely that BTS goes much higher very quickly, leaving all the holders who got stopped out no opportunity to buy back in.  Effectively leaving them with massive losses and nothing.  It's just how markets work, they screw as many people as possible.

[BossYamasaki]

I have a large and continuing to grow quantity of BTS loaned out to people shorting.  There are a lot of BTS sold short...

Do you think BTS will lose more than 60% of it's current value at any point in time between now and the 2.0 release? That's what I'm hoping for atleast. From what I hear BTS has no floor/support so it could go even lower. Is that possible? I'm not as good at TA as I would like to be at the moment, so I wouldn't know, but I mean it seems possible if there is no floor and the release of 2.0 takes a little longer than expected. Maybe more weak hands will end up dumping and traders will continue to short BTS.