Author Topic: Bitshares price discussion  (Read 887086 times)

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Offline nomoreheroes7

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My bull-dar seems to be tingling...

 :P

Offline EstefanTT

It's a bit off topic but I still ask this question here because most of the traders of this community watch this thread.

You (traders) probably saw my thread on the creation of a weighted index of the top 20 cryptocurrencies by market capitalisation. It's almost done, it shouldn't be long now for me to officialize the web site and create the smartcoin.

If you didn't see the thread, here it is : https://bitsharestalk.org/index.php/topic,21999.30.html

The force settlement offset is by default at 1%, @Empirical1.2  tell me this :

"If I was too guess, I would think you might have more people willing to go long than short, so you would probably want to offset that with settings that are more favourable for shorters. A force settlement offset of 5% should be more positive for people shorting the index as they would be less worried that they are going to be force settled against unexpectedly. I think, I'm not sure about that though."

Which make a lot of sense ! Any of you have some thought about it or see another % fit better ???

Please consider answer on the original thread ( https://bitsharestalk.org/index.php/topic,21999.30.html ) so it doesn't disturb the conversation on the bts price, thanks guys ;p
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Offline Ander

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Way better to drop on low volume than high volume.  Low volume declines after a high volume rise usually mean another rise is coming eventually. 

BTS might be performing some other coins that are getting way more hype right now, but at least its making higher highs and higher lows now.  The recent spike up was the highest in USD terms that BTS has been in over a year.  15M cap and #10 is was better than 8M or less and out of the top 12.  Look at NXT right now.  If BTS was down next to it, that would be really bad. 

BTS has been doing ok, not great or terrible.  Better than its done at any point since 2014 at least.   
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Offline GChicken

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Low vol on a pull back is not always a bad thing - no ones selling :) when the volume comes back it should be from buyers

Offline abit

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Too little volume on Polo.
Out of top 10.
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Offline abit

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Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.

Good job Bitshares!
Premined coins are much easier to pump. So perhaps more eyeballs.
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Offline Akado

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Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.

Good job Bitshares!

Ander -- What's your impression of Stellar/Lumens/Starcoin/STR? I know it's a ripple clone, but I haven't heard much else about it for at least a year. Does it feel like a sleeper?

https://cryptrader.com/charts/poloniex/str/btc

In the past it has followed the same pumps as ripple
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Offline werneo

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Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.

Good job Bitshares!

Ander -- What's your impression of Stellar/Lumens/Starcoin/STR? I know it's a ripple clone, but I haven't heard much else about it for at least a year. Does it feel like a sleeper?

https://cryptrader.com/charts/poloniex/str/btc

Offline Ander

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Its so wonderful that Bitshares is manages to stay in the top 10, ahead of "Fedoracoin" (something that trades only on bter, lol!), and the Bytecoin 80% premine scam, where they tried to fake a 2 year long history of Bytecoin to make it seem fair, but they actually just premined it all.

Good job Bitshares!
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Offline liondani

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But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so.   This will be like our super-halvening.  I think BTS will finally be able to rise again once the merger inflation stops.  Two years of low prices, thats what the merger caused.

i am sure BM will find a way to make us wait... another 2 years  :P

TravelsAsia

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Just don't margin long anything that you can't afford to lose.  We need to keep our bts in the hands of those of us that love bts.  All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.

That statement sounds a little like a cult. :)  For every seller, there's a buyer. The market will figure out the value.

I am not trying to tell people that they shouldn't sell.  Everyone has the right to use their property as they see fit.  I don't even give BM a hard time when he sells. 

What I am trying to point out is that bts was hurt bad by hodlers going margin long.  The community lost millions of bts in the process.  This bts was no longer in the hands of hodlers, but instead was in the hands of day traders that had essentially won it in a bet.  I think it was those day traders that sold us down to 400 sats, and I think we needed to get our bts out of their hands before we could go back up to what I consider reasonable price levels.

I understand your point, I just try not to worry about things I can't directly control. We've certainly sparked interest from Polo, I believe once we are able to make the experience more user friendly and dial into better marketing, we'll be in great shape. The tech is amazing, it would be nice if people outside this small group actually understood it.

Offline Akado

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In hindsight!!! ...
share dropping BTS on PTS is the most stupid idea ever, beating 'the newly minted 500Mil BTS in the merger' by wide wide margin

But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so.   This will be like our super-halvening.  I think BTS will finally be able to rise again once the merger inflation stops.  Two years of low prices, thats what the merger caused.

Maybe we should advertise that.
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Offline puppies

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Just don't margin long anything that you can't afford to lose.  We need to keep our bts in the hands of those of us that love bts.  All the dumpers that have been crapping all over us don't see the same value in bts that us true believers do.

That statement sounds a little like a cult. :)  For every seller, there's a buyer. The market will figure out the value.

I am not trying to tell people that they shouldn't sell.  Everyone has the right to use their property as they see fit.  I don't even give BM a hard time when he sells. 

What I am trying to point out is that bts was hurt bad by hodlers going margin long.  The community lost millions of bts in the process.  This bts was no longer in the hands of hodlers, but instead was in the hands of day traders that had essentially won it in a bet.  I think it was those day traders that sold us down to 400 sats, and I think we needed to get our bts out of their hands before we could go back up to what I consider reasonable price levels.
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Offline Ander

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In hindsight!!! ...
share dropping BTS on PTS is the most stupid idea ever, beating 'the newly minted 500Mil BTS in the merger' by wide wide margin

Yeah I agree.  PTS was a fast mine, and then we gave some whales huge BTS positions as a result.  If PTS had been a more fairly distributed PoW coin mined over a longer period of time, things wouldve turned out better, we wouldnt have had such big whales controlling the fate of BTS.

Alternately, if all of BTS had been an ICO, it would also have been better.  More money for devs and/or smaller supply, with all the BTS holders having actually paid money for it, so they dont have a desire to dump it at a big loss.



But anyway, we have only 7 more months of inflation from the merger, and then BTS inflation goes from around 12% a year to 1% or so.   This will be like our super-halvening.  I think BTS will finally be able to rise again once the merger inflation stops.  Two years of low prices, thats what the merger caused.
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