Bitshares price discussion

[topcandle]

It doesn't help that nobody is trying to get btc38 online.  This is a big reason for the downtrend.

[werneo]

Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.

While this does mean something, you must also understand that it is heavily manipulated by whales to get the price to move where they want.

Whenever a whale wants the price to rise into his sell he adds a 100 btc buy wall lower down to make the buy support look good, and when he wants to buy more he adds a 5M bts sell wall higher up and pulls away most of the buy orders to make this look terrible.


Usually when the disparity hits extremes, its at a top or bottom and then it reverses and goes the other way. 

As soon as a whale gets an order filled that he wanted filled, he reverses his walls so that it looks the opposite of the way it did before.  If you buy and sell only based on the buy support and amount available for sale, you are just asking to get manipulated by these whales.



Of course, I am not saying that the buy support amount is meaningless, it does mean something.

You called it. BTS spiked around 1475 then crashed back down to earth. Low liquidity = easy manipulation.

[CLains]

looks like my BTS radar was right.
I got in just in the low 13's ALL in.. no guts no glory !

Well played

[ElRageO]

looks like my BTS radar was right.
I got in just in the low 13's ALL in.. no guts no glory !

[Tuck Fheman]

Yeah, so right when things were looking hopeless it was the bottom wasnt it? 
And whenever we are happy and excited its near the top...

Things are about to change. Many signs in the m00n indicate the wolves are near. Take shelter my friends! 

[Ander]

What's the all time low for Bitshares? 

afaik, you are here.

current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.

Yeah, so right when things were looking hopeless it was the bottom wasnt it? 
And whenever we are happy and excited its near the top...

[ElRageO]

Im not a trade expert by any means but I made a fair bit on the last bts run. I picked it up at 1400 last time when it started looking strange.

Its looking "fishy" like it did before the last time it started to spike up, creeping up buy side getting bigger etc..
Picked up some just incase 

Hoping for the best.

[Ander]

Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.

While this does mean something, you must also understand that it is heavily manipulated by whales to get the price to move where they want.

Whenever a whale wants the price to rise into his sell he adds a 100 btc buy wall lower down to make the buy support look good, and when he wants to buy more he adds a 5M bts sell wall higher up and pulls away most of the buy orders to make this look terrible.


Usually when the disparity hits extremes, its at a top or bottom and then it reverses and goes the other way. 

As soon as a whale gets an order filled that he wanted filled, he reverses his walls so that it looks the opposite of the way it did before.  If you buy and sell only based on the buy support and amount available for sale, you are just asking to get manipulated by these whales.



Of course, I am not saying that the buy support amount is meaningless, it does mean something.

[Tuck Fheman]

All I know is, the chart I'm looking at that was posted here last week has been dead on accurate so far.  If that continues and the prediction is correct, we could see a bump upwards early tomorrow and begin the slow crawl back to 1450.

Sounds like a plan.

 

[Tuck Fheman]

What's the all time low for Bitshares? 

afaik, you are here.

current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.

All I know is, the chart I'm looking at that was posted here last week has been dead on accurate so far.  If that continues and the prediction is correct, we could see a bump upwards early tomorrow and begin the slow crawl back to 1450.

Sounds like a plan.

[werneo]

What's the all time low for Bitshares? 

afaik, you are here.

current price is 1259 satoshi. We are in uncharted territory. Right now at poloniex there are 40 million bts in the sell column. @1259 that's a little over 500 btc. In the buy column? 178 btc. Fodder for bears.

[sittingduck]

8 mil

[Tuck Fheman]

What's the all time low for Bitshares? 

afaik, you are here.

[topcandle]

What's the all time low for Bitshares?  We're at .00001253....  Are we going to reach that?

[jsidhu]

All cryptos getting hammered, Bitcoin going up.. Come on Bitshares! - get some legs and buy me a house already..

speaking of leg, I reckon we need some Bitshares girls (NSFW), they can use the proceeds to charge their nanocard and go shopping.. win win

brilliant idea!!
Best use of marketting witnesses if you ask me.. the girls wont know how to use the dex or dont care.. they use their cards and we get the nerds.