Author Topic: Bitshares price discussion  (Read 887073 times)

0 Members and 1 Guest are viewing this topic.

Offline bitmeat

  • Hero Member
  • *****
  • Posts: 1116
    • View Profile
going down again..
soon we will see 100sato

Let's assume for a moment that the price doesn't matter. If there are no buyers and the total supply is some 50BTC, that means all that BitUSD could never really be converted back to USD. Which in turn means the confidence in BitUSD will go out the window.

I say the price doesn't matter, but liquidity does. My question is, is there a price at which there will be a buyer for each BTS being offered? No matter how low that is.

Offline tuckfheman

  • Newbie
  • *
  • Posts: 10
    • View Profile
going down again..
soon we will see 100sato


or if BTC doesn't break 360 again (very doubtful) back to 1020 we go (highly likely) just as quickly as BTC will dive back to 330. ;)
FISTBUMP - The #1 Social Currency on the BitShares DEX ... https://goo.gl/2cCitd
FISTBUMP mentioned in the latest blog post by Dan Larimer ... http://goo.gl/LrMJMJ
FISTBUMP is the leading Community builder for 2016.

Offline lzr1900

  • Full Member
  • ***
  • Posts: 127
    • View Profile
going down again..
soon we will see 100sato

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
I think that's only happening because Polo has no volume at this particular point in time. If volume goes up Polo can easily surpass CCEDK. However CCEDK should take this opportunity. BitShares trading should be done there.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

chryspano

  • Guest
10btc volume on poloniex..hehehe。


CCEDK has more volume than polo! I like that!


Offline CLains

  • Hero Member
  • *****
  • Posts: 2606
    • View Profile
  • BitShares: clains
tis'is fear in the air'is

Offline lzr1900

  • Full Member
  • ***
  • Posts: 127
    • View Profile
 10btc volume on poloniex..hehehe。

Offline jsidhu

  • Hero Member
  • *****
  • Posts: 1335
    • View Profile
Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.

Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...
Yes  +5%
Hired by blockchain | Developer
delegate: dev.sidhujag

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
http://cryptofresh.com/u/shmitoshi

he's registering many accounts now

105 accounts x 95 BTS, not bad, if we had more people doing that every day

Do accounts ever expire with no activity?

Why would they? They're on the blockchain  :)
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Online Brekyrself

  • Hero Member
  • *****
  • Posts: 512
    • View Profile
http://cryptofresh.com/u/shmitoshi

he's registering many accounts now

105 accounts x 95 BTS, not bad, if we had more people doing that every day

Do accounts ever expire with no activity? 

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
http://cryptofresh.com/u/shmitoshi

he's registering many accounts now

105 accounts x 95 BTS, not bad, if we had more people doing that every day
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline bitmeat

  • Hero Member
  • *****
  • Posts: 1116
    • View Profile
Price is irrelevant if there is no liquidity and volume. Right now if someone wanted to cash out a lot of BitUSD, they'd have to convert it to BTS, then BTC, then real USD. There's barely 100BTC on the buy side on Polo (haven't checked BTC38, but I doubt it's that different).

Whoever wanted to buy "cheap" has already bought. There's just no support in sight, all the hype is gone. It's just this community playing musical chairs until some serious (and successful) marketing effort is made.

unreadPostsSinceLastVisit

  • Guest
Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.

Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...

Speaking out of my ass: but for some reason I don't believe we would've. I believe the price would have stayed stable (in fiat terms). I base this on nothing but a gut instinct.

Offline nomoreheroes7

  • Hero Member
  • *****
  • Posts: 756
  • King of all the land
    • View Profile
  • BitShares: nomoreheroes7
Anyone else notice how the BTS price seems to follow BTC on BTC38? BTC starts dropping and BTS dumps follow. When BTC was rising the past couple weeks ago, BTS was only available on Polo, where it was dumped to hell from sellers riding the BTC wave.

Curious if we would've gone up with BTC if only BTC38 had BTS 2.0 working at the time...

Offline Akado

  • Hero Member
  • *****
  • Posts: 2752
    • View Profile
  • BitShares: akado
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads