Peercoin? What's going on with it?

[Empirical1.2]

PPC, NMC and NVC were very easy to trade these last few weeks. As Clout said, Btce got an influx of deposits as soon as the Greek banks closed.

Bitcoin and litecoin are going to rise because there will be a great deal of demand from Europe particularly on the BTC-e exchange which is based out of Bulgaria, the northern neighbor to Greece. All currencies on BTC-e will probably rise dramatically and any currencies where the exchange is predominantly denominated in BTC will also rise. The problem is that the primary market for bitshares is denominated in CNY and as result BTS won't get a boost from BTC price increase. More problematic is that seeing this rise in LTC and BTC Chinese traders will dump currencies they primarily trade (i.e Ripple, Doge and BTS) in order to ride the BTC and LTC waves. If you already sold BTS or Ripple good for you. If you're looking for a buying opportunity here's your change. If you're HODL keep on keeping on.

So you just had to ride that wave up and sell once it became clear Greece would vote through the new bailout and you would have done very well.

BTC is also influenced by China's problems but has mostly followed the Greek news..



Once it became clear there would be a bailout deal that would probably go through parliament (July 13th) , did go through (last night) and that Greek banks will get further ELA and possibly re-open soon too BTC  has fallen pretty much in sync.   

[lil_jay890]

Good news don't have much of a positive impact on price. Not because there's no one buying the news, but because it's almost always offset by those selling the exact same news. And then bad news (or even no news) have a negative impact on price, as traders almost always seek to find another profit opportunity (a good pump), which very seldomly happens with Bitshares.

Ok, it's not a very scientific reasoning, but it's a layman theory lol

^
|
|
also known as a bear market

[Krills]

I think watching price moves is a indicator of a missed news item.   


Sent from my iPhone using Tapatalk

yeah for efficient markets, or markets that at least come close to approximating efficiency. our crypto markets are so thinly traded that any sentiment backed by modest funds can move prices, which often leads to big movements without rationale.

Often the case, but it doesn't hurt to check from time to time.  Better than checking all the time.   Though with all BTS news our price didn't budge much, so it isn't perfectly reliable.

major people didnt believe in you,that's the problem.they don't buy the good news,coz they think that's another hot air like before.


Sent from my iPad using Tapatalk

[Chuckone]

Good news don't have much of a positive impact on price. Not because there's no one buying the news, but because it's almost always offset by those selling the exact same news. And then bad news (or even no news) have a negative impact on price, as traders almost always seek to find another profit opportunity (a good pump), which very seldomly happens with Bitshares.

Ok, it's not a very scientific reasoning, but it's a layman theory lol

[cylonmaker2053]

I think watching price moves is a indicator of a missed news item.   


Sent from my iPhone using Tapatalk

yeah for efficient markets, or markets that at least come close to approximating efficiency. our crypto markets are so thinly traded that any sentiment backed by modest funds can move prices, which often leads to big movements without rationale.

Often the case, but it doesn't hurt to check from time to time.  Better than checking all the time.   Though with all BTS news our price didn't budge much, so it isn't perfectly reliable.

absolutely agree...big price swings should always queue a quick news search to see if there's any explanation

[bytemaster]

I think watching price moves is a indicator of a missed news item.   


Sent from my iPhone using Tapatalk

yeah for efficient markets, or markets that at least come close to approximating efficiency. our crypto markets are so thinly traded that any sentiment backed by modest funds can move prices, which often leads to big movements without rationale.

Often the case, but it doesn't hurt to check from time to time.  Better than checking all the time.   Though with all BTS news our price didn't budge much, so it isn't perfectly reliable.

[cylonmaker2053]

I think watching price moves is a indicator of a missed news item.   


Sent from my iPhone using Tapatalk

yeah for efficient markets, or markets that at least come close to approximating efficiency. our crypto markets are so thinly traded that any sentiment backed by modest funds can move prices, which often leads to big movements without rationale.

[sittingduck]

I think watching price moves is a indicator of a missed news item.   


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[BTSdac]

I know the reason , but I don`t want to say it more.
I  am very confuse if you concern with price.

[cylonmaker2053]

wait, can we trade on that?

or your money back!

next time LTC rallies can you let me know right before you post the gif?

of course, that's included in your yearly subscription fee!

LOL i need to sign me up for dat subscription

[donkeypong]

We are moving toward a place where
steady user demand will begin to dwarf fickle speculator demand.
Most chains have no way to make such a move.

[Buck Fankers]

wait, can we trade on that?

or your money back!

next time LTC rallies can you let me know right before you post the gif?

of course, that's included in your yearly subscription fee!

[cylonmaker2053]

LOL 

What's funny is, every time we post that image, Litecoin crashes.

wait, can we trade on that? next time LTC rallies can you let me know right before you post the gif?

[Tuck Fheman]

LOL 

What's funny is, every time we post that image, Litecoin crashes.

[cylonmaker2053]

Freaking Litecoins!

I'm bringing back my 2013 gif for this ...

LOL 

[Tuck Fheman]

Freaking Litecoins!

I'm bringing back my 2013 gif for this ...

[eagleeye]

and now ANC is taking off...and...i'm unloading

BTS could be on the verge of taking off as well. 

Everything is blowing up.

Bitshares is definitely on the verge

[ag]

the same thing that happened last year?

[Ander]

Freaking Litecoins!

[VoR0220]

Bitcoin is being spam attacked, so a lot of whales are seeking safer crypto, and LTC, NVC, NMC and PPC are perfect since they have been around for several years, well known, and were at the bottom of their value.

that's an interesting take on things...i do hope the BTC attack stops, those guys get their shyt together on block size, and it jumps back over $1,000

I'm surprised at the stalemate over the blocksize limit in bitcoin.  Seems like a no-brainer to me.

I saw an interesting read that might help explain the debacle. A lot of it has to do with the large Chinese mining pools and they say that if the block sizes increase, then they will not be able to keep up in terms of bandwidth (it's just not as developed over there), and they will then be forced out....and they own a very large share of the hashing power at this point and time. So yes, while it seems to me like a no brainer as well, this does kind of explain the politics of what is underlying the conversation.

[Helikopterben]

Bitcoin is being spam attacked, so a lot of whales are seeking safer crypto, and LTC, NVC, NMC and PPC are perfect since they have been around for several years, well known, and were at the bottom of their value.

that's an interesting take on things...i do hope the BTC attack stops, those guys get their shyt together on block size, and it jumps back over $1,000

I'm surprised at the stalemate over the blocksize limit in bitcoin.  Seems like a no-brainer to me.

[cylonmaker2053]

Bitcoin is being spam attacked, so a lot of whales are seeking safer crypto, and LTC, NVC, NMC and PPC are perfect since they have been around for several years, well known, and were at the bottom of their value.

that's an interesting take on things...i do hope the BTC attack stops, those guys get their shyt together on block size, and it jumps back over $1,000

[cylonmaker2053]

and now ANC is taking off...and...i'm unloading

BTS could be on the verge of taking off as well. 

Everything is blowing up.

yup, i think the really is here...

[kokojie]

Bitcoin is being spam attacked, so a lot of whales are seeking safer crypto, and LTC, NVC, NMC and PPC are perfect since they have been around for several years, well known, and were at the bottom of their value.

[Ander]

and now ANC is taking off...and...i'm unloading

BTS could be on the verge of taking off as well. 

Everything is blowing up.

[cylonmaker2053]

i always use these pumps to unload a bit and stock up on BTS.

and now ANC is taking off...and...i'm unloading

[Tuck Fheman]

i always use these pumps to unload a bit and stock up on BTS.

[cylonmaker2053]

Old coins are pumping: LTC, PPC, NMC. All these coins have BTC-e in common as a major exchange.

What happened? The price went up because the price went up. 

yeah looks like a rotation through btc-e coins...i always use these pumps to unload a bit and stock up on BTS.

[Ander]

I am becoming of the opinion that the crypto markets are schizophrenic.

They hear voices, become paranoid, make brash and sudden movements, and need to be hospitalized.

Good news.. Dr. BTS is in the house!!!

We will treat the crazy in crypto.

More like they are bipolar.

[BunkerChainLabs-DataSecurityNode]

We are moving toward a place where
steady user demand will begin to dwarf fickle speculator demand.
Most chains have no way to make such a move.

Haha.. RED PILL IT IS!!! 

[VoR0220]

We are moving toward a place where
steady user demand will begin to dwarf fickle speculator demand.
Most chains have no way to make such a move.

[Tuck Fheman]

We are moving toward a place where
steady user demand will begin to dwarf fickle speculator demand.
Most chains have no way to make such a move.

[Stan]

I am becoming of the opinion that the crypto markets are schizophrenic.

They hear voices, become paranoid, make brash and sudden movements, and need to be hospitalized.

Good news.. Dr. BTS is in the house!!!

We will treat the crazy in crypto.

We are moving toward a place where
steady user demand will begin to dwarf fickle speculator demand.
Most chains have no way to make such a move.

[BunkerChainLabs-DataSecurityNode]

I am becoming of the opinion that the crypto markets are schizophrenic.

They hear voices, become paranoid, make brash and sudden movements, and need to be hospitalized.

Good news.. Dr. BTS is in the house!!!

We will treat the crazy in crypto.

[liondani]

If would be really huge for Bitshares to get BTS on a big, dollar denominated site.  Also euros. Right now you cannot actually buy BTS in any reasonable quantity except wiht CNY.  If you want to buy with bitcoin, you have to send it to btc38, sell bitcoin, buy BTS.

Sure, you can trade a few BTC worth just fine via poloniex, ccedk, shapeshift, blocktrades, or metaexchange.  But after a bit of buying you cannot anymore wihtout paying a big premium, because there isnt enough liquidity anywhere except btc38.  (Yeah I didnt mention bter because they have withdrawal disabled and are too risky to trust funds to for any amount of time).

Until then, it's like we are under... capital control 

[Akado]

plan: hack btc-e. profit.

Yeah, after all you would just be stealing the bitcoin back from hackers who stole it from other sites and sent it to btc-e due to no ID validation, right?

ahah I'm actually pretty sure Btce is an accident waiting to happen. They're anonymous so I guess it's just a matter of time before they exit scam. In the future with regulated exchanges Btce might just loose volume as people tend to more trustworthy exchanges.

And if they accept fiat they probably have an offshore account since they're anonymous. Idk teh frequency of problems offshore banks have but if something happens they can just easily exit scam people. I guess it's a matter of time.

[Ander]

plan: hack btc-e. profit.

Yeah, after all you would just be stealing the bitcoin back from hackers who stole it from other sites and sent it to btc-e due to no ID validation, right?

[Ander]

If would be really huge for Bitshares to get BTS on a big, dollar denominated site.  Also euros.  Right now you cannot actually buy BTS in any reasonable quantity except wiht CNY.  If you want to buy with bitcoin, you have to send it to btc38, sell bitcoin, buy BTS.

Sure, you can trade a few BTC worth just fine via poloniex, ccedk, shapeshift, blocktrades, or metaexchange.  But after a bit of buying you cannot anymore wihtout paying a big premium, because there isnt enough liquidity anywhere except btc38.  (Yeah I didnt mention bter because they have withdrawal disabled and are too risky to trust funds to for any amount of time).

[Akado]

plan: hack btc-e. profit.

[Riverhead]

While a few of the old coins seem to be consolidating market funds the overall trend is still a decrease in aggregate market capitalization.

[liondani]

I see it is up 45% today!   

Goes to show that you can never count anyone out and that BTS could make a big move at any time.

only at btc-e ... forget btc38
except the Chinese people will come back after they sold their stocks in time 

[liondani]

its all from btc-e

case closed

how can we get listed on btc-e also?

[Buck Fankers]

its all from btc-e

case closed

[CLains]

NVC also listed at BTC-e.. rose like 60% last couple of hours.

[Empirical1.2]

its all from btc-e

case closed

  Clout's position is quite well thought out.

Bitcoin and litecoin are going to rise because there will be a great deal of demand from Europe particularly on the BTC-e exchange which is based out of Bulgaria, the northern neighbor to Greece. All currencies on BTC-e will probably rise dramatically and any currencies where the exchange is predominantly denominated in BTC will also rise. The problem is that the primary market for bitshares is denominated in CNY and as result BTS won't get a boost from BTC price increase. More problematic is that seeing this rise in LTC and BTC Chinese traders will dump currencies they primarily trade (i.e Ripple, Doge and BTS) in order to ride the BTC and LTC waves. If you already sold BTS or Ripple good for you. If you're looking for a buying opportunity here's your change. If you're HODL keep on keeping on.

[Chronos]

Old coins are pumping: LTC, PPC, NMC. All these coins have BTC-e in common as a major exchange.

What happened? The price went up because the price went up. 

[JA]

its all from btc-e

case closed

[Ander]

I see it is up 45% today!   

Goes to show that you can never count anyone out and that BTS could make a big move at any time.

Today is the day where the less features and promise a coin has, the more it gets pumped!

If we could get a million dollars of buying pressure like peercoin and namecoin, BTS would be up at least 50% also.

We could easily be on the verge of a massive pump.  Selling pressure should be pretty much exhausted after the past 5 weeks of correcting. 

[bytemaster]

I see it is up 45% today!   

Goes to show that you can never count anyone out and that BTS could make a big move at any time.