Bitshares price discussion

[werneo]

Soooo....which way we headed? I can't read this stuff hah.

looks like we're headed south from here.

[nomoreheroes7]

inflection point?



Poloniex has over 500 btc worth of bts in the sell column and 120 bts in the buy column

Soooo....which way we headed? I can't read this stuff hah.

[werneo]

inflection point?



Poloniex has over 500 btc worth of bts in the sell column and 120 bts in the buy column

[werneo]

yep   

 

[Tuck Fheman]

[Tuck Fheman]

Choose a corridor, but choose wisely!

[bitmeat]

so... what's more likely? double from here or half?

Choose:

• 700 satoshi
• 2800 satoshi

[liondani]

Massive amount of shorting going on right now.

They'll have to cover later.

Before that happens there is a real chance that the buy support may collapse totally due to forced liquidations. I wonder what the effect on the internal market will be, it may severely cripple it.

would nice to support the buy orders on poloniex and update the collateral ratio up to x4 internal...

[habeler]

Massive amount of shorting going on right now.

They'll have to cover later.

Before that happens there is a real chance that the buy support may collapse totally due to forced liquidations. I wonder what the effect on the internal market will be, it may severely cripple it.

[Ander]

Massive amount of shorting going on right now.

They'll have to cover later.

[Frodo]

Holy cow BTS loans at nearly 2%. There must be some massive shorts out there. Looking forward to them covering. 

[Tuck Fheman]

next stop ~1350 satoshi

I'm not so sure there will be a stop that early. After just getting ripped a new one by someone I talked into buying into BitShares a while back I think we're going much lower "soonish".

So you can look at what's coming as a buying opportunity or you can act accordingly now and give someone else a buying opportunity.

[werneo]

next stop ~1350 satoshi

you reached for the secret too soon
you cried for the moon...

https://www.youtube.com/watch?v=Fk0V_GGa2XM

[lil_jay890]

Going out on a limb here...

Buy right now and put a stop at 9.6 mill market cap, put a sell at 21 million.  That's around 10:1 RR.  I think polo margin traders are way offsides on the short side which is going to lead to a big squeeze.  I think we hit 20 mil by second week of November.

[bitmeat]

Do I hear 1200? 1200, going once, going twice... What? 1000! 1000, going once,... 800?! Oh my!

Price is irrelevant. There are still plenty of weak hands that gave it a final go and are now very bitter. It's OK. It's just how it works.

I don't think Stan's or Dan's comments/articles full of hype/hope will have any effect anymore. I admire the optimism, but no.

BTS hype is over, I believe that now the only thing that can take it higher is real utility and that will take some time to truly develop.

For that reason, I'm mostly out. Enjoy the ebbs and flows. I'll be waiting way, way, waaaay lower to get in. I could care less if it quadruples from here short term. I don't think it will be a sustainable jump even if there is one.

Good luck everybody!