Bitshares price discussion

[Thom]

Where did all the FUD go? I am used to read all that FUD when the price is moving

Ok... Here is what many consider FUD... Even though they are valid concerns.

1.  And this is an obvious #1,  bitshares is merely caught up in a giant alt coin pump.  While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well?  No.

2.  The pump is being contained mostly to the centralized exchanges.  Account creations is stagnant and transfers hasn't made a new high.  Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.

3.  The money isn't flowing to derivative projects for basically any of the major platforms.  The money is staying one derivative below bitcoin.  In real bull markets, small caps outperform large caps.

4.  Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse.  The debacle at blockpay and possible delay of stealth is very concerning.  Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.

Whats bullish??

The inablility for people to withdraw bitcoin to fiat is bullish.  It gives exposure to bitUSD or bitCNY as a low volatility solution.  Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.

Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies.  I think all of crypto, including BTS has either topped or will top this week.  How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.

Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here.  Parabolic markets always reverse and they reverse hard.

Although I do see you as being a consistent contrarian to must of the "hodlers" around here, I agree with most of what you said here. I too believe when this bull market in crypto ends BTS price will decline sharply. However, and your projections agree, it will not drop back to the lows in January. The reason is this crypto pump has brought more eyes on BitShares to see how undervalued it has been and the amazing tech that offers so much performance and many of the benefits other chains offer, such as human readable account names. Not to mention the other things nobody offers, such as infrastructure for AML / KYC compliance if that's what your business requires.

[lil_jay890]

Where did all the FUD go? I am used to read all that FUD when the price is moving

Ok... Here is what many consider FUD... Even though they are valid concerns.

1.  And this is an obvious #1,  bitshares is merely caught up in a giant alt coin pump.  While seeing it move up against some of the other currencies is a positive, did Bytecoin, Stellar, factom, peercoin or 90% of the other coins do anything to warrant their pump as well?  No.

2.  The pump is being contained mostly to the centralized exchanges.  Account creations is stagnant and transfers hasn't made a new high.  Filled orders has made new highs, but that is probably due to more people hearing about all the easy money they can make running a bot... I'm sure that is going to end well.

3.  The money isn't flowing to derivative projects for basically any of the major platforms.  The money is staying one derivative below bitcoin.  In real bull markets, small caps outperform large caps.

4.  Bitshares fundamentals have not changed (mostly the inability for the chain to not operate at a loss), and in some cases the fundamentals have gotten worse.  The debacle at blockpay and possible delay of stealth is very concerning.  Not everyone shares this opinion, but I believe stealth was the most important factor for near term BTS growth.

Whats bullish??

The inablility for people to withdraw bitcoin to fiat is bullish.  It gives exposure to bitUSD or bitCNY as a low volatility solution.  Their has definitely been growth there, and maybe the bitUSD/CNY holders will begin to look at projects on the DEX and start investing in those.

Momentum- The momentum is super strong in everything crypto, but that could change on a dime with one quip out of the PBOC or other regulatory board about crypto currencies.  I think all of crypto, including BTS has either topped or will top this week.  How long that top lasts I don't know, but I expect btc to be at $1000USD and bts at $0.015 by the end of June.

Bulls make money, bears make money, pigs get slaughtered... Don't be a pig if you are sitting on a 10-15 bagger here.  Parabolic markets always reverse and they reverse hard.

[lakerta06]

Where did all the FUD go? I am used to read all that FUD when the price is moving

[Frodo]

Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"

I'd like to know that too. It's just crazy. Even for crypto markets.

I do enjoy it though, as long as it lasts 

[chryspano]

Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"

[vegolino]

Tomorrow we are taking over Steem 

according to my estimation , STEEM's candle chart will rise significantly as well so ....not sure .

You were right 

[Thom]

You lost me at

An increasingly ALT/Bitcoin bear market

This is the most bullish crypto market we've ever seen currently.

I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO

look at Doge coin....do they have EOS + HERO ?

look at STR....

look at other crap coins......

it's not related to news.
it's related to the acceleration of an overall bullish market.

  I agree

[fluxer555]

You lost me at

An increasingly ALT/Bitcoin bear market

This is the most bullish crypto market we've ever seen currently.

I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO

look at Doge coin....do they have EOS + HERO ?

look at STR....

look at other crap coins......

it's not related to news.
it's related to the acceleration of an overall bullish market.

Information asymmetry, my friend.

[lil_jay890]

You lost me at

An increasingly ALT/Bitcoin bear market

This is the most bullish crypto market we've ever seen currently.

I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO

look at Doge coin....do they have EOS + HERO ?

look at STR....

look at other crap coins......

it's not related to news.
it's related to the acceleration of an overall bullish market.

My guess is much of the price rise could be blamed on the inability to sell BTC on the exchanges... BTC holders (Chinese??) could be trying to lower their exposure by diversifying across other crypto's which is causing the spike in virtually every alt.  The alt coin derivatives, such as many of the ethereum, nxt, and bitshares based assets have not seen as dramatic of a price rise.  Question is, does this money that's flowed into the more liquid alt coins move to the less liquid alt coin derivative and assets?  That could be the next boom...

[btswildpig]

You lost me at

An increasingly ALT/Bitcoin bear market

This is the most bullish crypto market we've ever seen currently.

I think it's most obvious that the price rise is due to the good news that has come out: EOS + HERO

look at Doge coin....do they have EOS + HERO ?

look at STR....

look at other crap coins......

it's not related to news.
it's related to the acceleration of an overall bullish market.

[btswildpig]

Tomorrow we are taking over Steem 

according to my estimation , STEEM's candle chart will rise significantly as well so ....not sure .

[BunkerChainLabs-DataSecurityNode]

I think that today we will take over Waves on Coinmarketcap 

wow.. nailed it.

[vegolino]

Tomorrow we are taking over Steem 

[Brekyrself]

How solid is this bitUSD peg? What are the risks associated?

BitAssets work just as intended.  With the price rising everyday, might be a time to either take a gain and hold bitUSD or short it for the adventurous.

Read:
https://bitshares.org/technology/price-stable-cryptocurrencies/
http://docs.bitshares.eu/bitshares/papers/index.html

[Bitshark]

How solid is this bitUSD peg? What are the risks associated?