Author Topic: Bitshares price discussion  (Read 446413 times)

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Offline Riverhead

Re: Bitshares price discussion
« Reply #2205 on: January 07, 2016, 07:04:21 pm »
The idea that margin trading contributed to the severity of the drop seems reasonable to me also, given the drop mainly seemed to happen on poloniex and not the chinese exchanges.
Yes there is a smaller drop on Yunbi.
Since Btc38 temporarily suspended withdraw/deposit due to the urgent fix or some other reason, there is a much smaller drop.

I noticed that, but it is interesting that the BTC38 price was able to hold strong during all this...lots of buying pressure in the low 0.02 CNY and below level. Hell the 24 hour volume is around $140k there, and the price quickly rebounded from 0.0189 back to 0.0211 now. Someone on BTC38 is buying a hell of a lot of shares.


It's possible that one whale's exist is another whale's ticket to ride. Regardless the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.


Chin up folks. A holder re-org is hardly the end of the world.

Offline Ander

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Re: Bitshares price discussion
« Reply #2206 on: January 07, 2016, 08:09:04 pm »
If BTS can get back to 800 sats relatively soon and hold it, then this could all end up being the savior of BTS in the end - the wipeout of many disgruntled old holders and an influx of new blood who got in cheap and is happy about their bts investment and willing to help make it work long term.

Of course, that assumes that the big buyers at the bottom here include some new money, and arent mostly just old whales buying back what they sold higher, which could be the case.
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Offline Ander

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Re: Bitshares price discussion
« Reply #2207 on: January 07, 2016, 08:17:09 pm »
For the first time in a long, long time, buy support on polo (175 BTC) is greater than BTS for sale (27.9M) at the current price level (600 sats). 

Of course this is subject to heavy manipulation by fake buy and sell walls, and people add support or remove it all the time to create hope or panic, but for months it hasnt been even close to even, and now it is actually slightly in favor of the buy side.
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Offline kenCode

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Re: Bitshares price discussion
« Reply #2208 on: January 07, 2016, 08:17:44 pm »
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.

Wow thank you Riverhead!! +5% +5% +5% :D :D :D
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Offline Riverhead

Re: Bitshares price discussion
« Reply #2209 on: January 07, 2016, 08:35:58 pm »
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.

Wow thank you Riverhead!! +5% +5% +5% :D :D :D


Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.


Offline Ander

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Re: Bitshares price discussion
« Reply #2210 on: January 07, 2016, 08:42:52 pm »
the shares are insanely undervalued given the sophistication and utility of the platform. There are some businesses that see that utility - hence my purchase of OpenPOS. The platform doesn't need to be all things to all people to succeed just enough things to enough businesses.

Wow thank you Riverhead!! +5% +5% +5% :D :D :D


Let's also not forget Metaexchange, Blocktrades.us, Bunkershares, Sharebits, OpenLedger, Transwire, and I'm sure a bunch I don't know yet. These people are not going to walk away because a whale flounced.

I wish there were even more businesses that this, but at least its a start.  The way I see it, businesses are the primary customers of BTS.  We will never get mass adoption by normal users, or at least not for a long time, in some future where cryptos in general achieve adoption, but we can achieve adoption by businesses, who will get their users using BTS without even knowing it.

Its sad that the Banx guys never did anything with BTS 2.0, and apparently turned out to be the scam that some were accusing them of being.  If they were legit, then BTS 2.0 could have been the way for them to prove their legitimacy.  Their delay in upgrading to it probably means they are a scam and were using BTS as a way to keep things going for a few more months.
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Offline revaen

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Re: Bitshares price discussion
« Reply #2211 on: January 10, 2016, 05:50:49 pm »
I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.

Offline Akado

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Re: Bitshares price discussion
« Reply #2212 on: January 10, 2016, 06:25:30 pm »
I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.

Bter has had multiple problems in the past. The recommended exchanges to get BTS are CCEDK, Metaexchange, Blocktrades

If you need more volume, Poloniex and BTC38
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Offline revaen

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Re: Bitshares price discussion
« Reply #2213 on: January 10, 2016, 08:33:36 pm »
Thanks Akado.

Offline Ander

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Re: Bitshares price discussion
« Reply #2214 on: January 10, 2016, 09:35:42 pm »
I am new with BTS. Bought my first BTS at BTER.com but found immediately out that you cannot withdraw. Strange that I did research before but could not find any quotes on internet about any issues with BTS. Made a ticket at BTER and hope will not have to wait as long as I do at Cryptsy.com. Decentralization is the future in my opinion. A very open communication too. Even if there is a problem on some websites.

Bter never upgraded to 2.0 so any BTS there are worthless.
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Offline lil_jay890

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Re: Bitshares price discussion
« Reply #2215 on: January 12, 2016, 06:41:14 pm »
Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.

Offline merockstar

Re: Bitshares price discussion
« Reply #2216 on: January 12, 2016, 10:23:08 pm »
Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.

those coins look like they're being pumped right now. this should result in a dump.

Offline Akado

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Re: Bitshares price discussion
« Reply #2217 on: January 12, 2016, 11:27:49 pm »
Bitshares now #12 asset on CMC... Just recently passed by FACTOM and YBCoin.

If you notice the exaggerated volume from those two coins, it comes from one single chinese exchange... called Yuanbaohui
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Offline Akado

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Re: Bitshares price discussion
« Reply #2218 on: January 13, 2016, 11:10:13 am »
Most volume on BTC38 and not Polo. Is this better? Does BTC38 have leverage? If it doesn't, does this mean we won't see big swings?
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Offline lil_jay890

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Re: Bitshares price discussion
« Reply #2219 on: January 13, 2016, 04:42:49 pm »
Now NXT is on fire... I wonder how long until we fall out of the top 20?