Bitshares price discussion

[Ander]

I saw the lending like that one time during our pre-2.0 rally.

This is great, finally some respect.

Azure was really a big deal apparently.

[puppies]

wow


Loan Offers
Total:
130828.61437396
BTS


I have never seen it that low.  If we can get these shorters to pop, then we are moon bound.

[morpheus]

I agree breakout looks imminent.  I think the fiat charts give a better picture of what is happening.  Either we get a breakout or the trendline holds and we see further downside.  With the increase in buy-side depth in the order books and high volume on spikes higher, my vote is for a breakout.  Its long overdue after 10 months in the accumulation phase.

[werneo]

Check the 1-year chart on this page: https://cryptrader.com/charts/poloniex/bts/btc (click "1y" link in the lower left of that page.)  In the above chart, each candle represents one day. Since March 1, BTS buyers have outbought sellers for 9 out of the last 10 days. That's a record. Bitshares has never posted such a concentration of daily green candles, going back to January 2015. 

[Ander]

China just bought a lot of BTS

[puppies]

I don't know it seems like something is happening. 

430btc buy side,

and 1282 satoshis.  We could easily top 1400 tonight.  Lets see if the rally has any legs though.

[tonyk]

 483.98967728 BTC buy side order book....

I do not think I have seen this? since... ever?

[Ander]

Yeah probably nothing will happen, but at least we dont look shitty not being on it.

[Akado]

Bitshares on Azure, will anything happen?

Always positive, along with the recent stuff we've been doing it could increase, but at the same time, Azure announcement is not exactly that awesome thing it was at the beginning given others have joined in as well.

[Ander]

Bitshares on Azure, will anything happen?

[Brekyrself]

300+ btc buy side at poloniex.  Have not seen it this high in awhile. 

[Akado]

BTS could rise a lot (hundreds of percent like FCT, MAID, ETH, and NEM have done recently), if a couple factors happen:

1) We need a big adoption story.  Getting adopted by some bank, company, etc in a significant way, similar to the Factom and NEM stories recently.  Getting major coins like Storj or Bitcrystals onto our chain would be good too.  (Also, we should really get on Azure). 

2) Early whale dumping stops.  Either they run out, or they see the adoption story and decide to hang onto BTS instead of dumping it.    If item #1 happened, there would probably enough investors buying as a result that even if the whale duping continued, they would run out, and then we could rise. 

If this occurs, we go up there with Factom and Maid in market cap pretty fast, and maybe even higher, given that Bitshares has a history and has been at 100M in the past.

$100m shouldnt be an issue given eth is 7x that and growing... its really marketing. MAID eth and a few others have a good marketing company that they outsourced to from what I am hearing, it may be good to find that out and go with them because it seems to be working. I do feel once we eclipse $50m it should rise a bit easier than ever before just because whales have dumped low enough long enough, distribution has occured for so long that it sets up for an epic bull blast.

@jsidhu do you know which company is that?

[werneo]

@werneo out of curiosity where do you think we can go to? 3k and then have 1500 as support level?

Sure, I think 3k is a good target, but who knows? I'm no expert. But if it gets above 2500,  I would watch for an emotional spike to the 5000 satoshi range.  That could signal the top of the rally.

I forgot to mention: the 1-day moving average turned positive again yesterday. That could portend a nice run for the Spring.

[nomoreheroes7]

where do you think we can go to?

[Tuck Fheman]