Bitshares price discussion

[Akado]

Any predictions on the price post release? I've already had happier thoughts, now I would be happy if we hit $0.015

[EstefanTT]

I wish it would be that simple ! ;p

[Tuck Fheman]

Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching  ? 2 ? 1 ? A few days ?
Any guess ?

My guess is, as of your post the price will start rising out of anticipation of everyone doing the same (buying b4 the others get in). You my friend have just created "the rise".

[EstefanTT]

Just throwing a question : when BM will announce the 4 last remaining weeks before official launching, when the price will start to rise ? On the announcement ? 3 weeks before launching  ? 2 ? 1 ? A few days ?
Any guess ?

[Ander]

It looks like the massive amount of shorting of BTS that was happening on polo is decreasing.  The lending rates are down to like .05% and there seem to be a lot less BTS shorted.  Maybe the bottom is in.

[Frodo]

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.

Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS  - the bond market is going to be awesome.

The only reason people pay that much is that they are borrowing it to short, via margin trading.

And they are paying a risk premium to the lender for the counterparty risk of a centralized exchange. The bond market is going to be amazing, but I would expect significantly lower interest rates.

[Ander]

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.

Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS  - the bond market is going to be awesome.

The only reason people pay that much is that they are borrowing it to short, via margin trading.

[Akado]

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.

Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS  - the bond market is going to be awesome.

[speedy]

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around.

Assuming its always on loan, with compound interest 0.08%/day is 33%/year. Cant wait to do this from inside BTS  - the bond market is going to be awesome.

[bitmeat]

Anyone who thinks 70 btc (over $15k dollars) isn't a lot of money most likely already has way too much money themselves...lol

But as % of BTS market cap it's a very tiny % that was my point.

Also - there is no such thing as too much money.

[Ander]

The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now.  That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them).  The ones I had available all got borrowed and shorted.   Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom.  (of course, it could go down more first)

How much % interest do you get loaning out your BTS on polo?

A bit under .1% a day.  Around .08 to .09%.  So with Around 200k on loan i'm getting a bit under 200 BTS a day.  Maybe 160 or so.  Sometimes I have up to 300k on loan if its all out, but usually some of it is sitting around. 

[speedy]

The number of BTS available to be shorted on polo went from 2.5 million a few hours ago to 1.7 million now.  That means people added 800k in shorts in the past few hours (and/or people who were offering BTS for loan decided to remove them).  The ones I had available all got borrowed and shorted.   Hopefully if the short interest gets too high and it doesnt drop it could ignite a covering rally and create our bottom.  (of course, it could go down more first)

How much % interest do you get loaning out your BTS on polo?

[nomoreheroes7]

Anyone who thinks 70 btc (over $15k dollars) isn't a lot of money most likely already has way too much money themselves...lol

[Ander]

I guess some of us arent as big of whales as you bitmeat, and are excited by smaller amounts.

[bitmeat]

I see NuBits did over $100k volume and Tether $500k in the small BTC sell-off. So regardless of the short term BTS price, there's a definite market demand for a more liquid BitUSD.

I have less number of trades and a much higher return for about the same amount traded.

I could sneeze and get rid of that 70BTC buy wall. Too funny.

Wow, really!! I'm so impressed!! Not...

Wasn't trying to impress. Just don't get why people get overly excited over tiny scalp trades or a buy wall of measly 70BTC. Given the market cap it really is meaningless.