Author Topic: What's with the massive dump on BTER?  (Read 3321 times)

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Offline bitmeat

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What's with the massive dump on BTER?
« on: July 22, 2014, 02:45:56 am »
For a moment I thought that we might have gone liquid there. :)


Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #2 on: July 22, 2014, 02:56:34 am »
Sweet! Time to load up and buy it in sight!

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #3 on: July 22, 2014, 02:59:12 am »
Yes, they already hit your target price.

Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #4 on: July 22, 2014, 03:47:39 am »
Yup! :)

Love that someone is offering it for 0.00001776


Offline AdamBLevine

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Re: What's with the massive dump on BTER?
« Reply #5 on: July 22, 2014, 03:48:49 am »
I explained this a few times - People felt trapped, there has been very little marketing so you have lots of people who want to sell and few who want to buy.

This is why I said the prices you were dealing at before were way too high, and were not real.  It's not about "faith" it's about market dynamics.
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Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #6 on: July 22, 2014, 03:54:58 am »
I explained this a few times - People felt trapped, there has been very little marketing so you have lots of people who want to sell and few who want to buy.

This is why I said the prices you were dealing at before were way too high, and were not real.  It's not about "faith" it's about market dynamics.

Perfectly aware the dump was inevitable. I'm loving it and embracing it. :)

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #7 on: July 22, 2014, 04:05:00 am »
All for it too!
Come BTSXes, come to daddy.

Offline jae208

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Re: What's with the massive dump on BTER?
« Reply #8 on: July 22, 2014, 06:11:10 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)
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Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #9 on: July 22, 2014, 06:14:15 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)

Such a pessimist you are. How will I buy big enough yacht with such low appreciation?

Offline jae208

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Re: What's with the massive dump on BTER?
« Reply #10 on: July 22, 2014, 06:25:23 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)

Such a pessimist you are. How will I buy big enough yacht with such low appreciation?

LOL I'm trying to be conservative here!

My honest prediction is that by about the 2020's if not sooner, work as we know it will be replaced by greater and greater automation thus the people that will do well and thrive will be those that own shares in digital companies. They would probably obtain their wealth through dividends or appreciation of their shares in something like BTSX!

Oh come on you gotta dream bigger! I'm planning on using the wealth I gain to start mining... for asteroids!  8)

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merockstar

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Re: What's with the massive dump on BTER?
« Reply #11 on: July 22, 2014, 06:37:50 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)

Such a pessimist you are. How will I buy big enough yacht with such low appreciation?

LOL I'm trying to be conservative here!

My honest prediction is that by about the 2020's if not sooner, work as we know it will be replaced by greater and greater automation thus the people that will do well and thrive will be those that own shares in digital companies. They would probably obtain their wealth through dividends or appreciation of their shares in something like BTSX!

Oh come on you gotta dream bigger! I'm planning on using the wealth I gain to start mining... for asteroids!  8)

I'm trying to manage my expectations.

I plan to hold, so that practically guarantees some other system will usurp consensus honoring DACs.

or something will happen. governments might unanimously shit on it and not allow this to happen.

life's just not that good to me. *braces for reality check*

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #12 on: July 22, 2014, 06:57:23 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)

Such a pessimist you are. How will I buy big enough yacht with such low appreciation?

LOL I'm trying to be conservative here!

My honest prediction is that by about the 2020's if not sooner, work as we know it will be replaced by greater and greater automation thus the people that will do well and thrive will be those that own shares in digital companies. They would probably obtain their wealth through dividends or appreciation of their shares in something like BTSX!

Oh come on you gotta dream bigger! I'm planning on using the wealth I gain to start mining... for asteroids!  8)


Browsing the VictoriaSecrets models and deciding which one to date on any particular night, is kind of taking the steam out of me dreaming bigger.
 :)

merockstar

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Re: What's with the massive dump on BTER?
« Reply #13 on: July 22, 2014, 06:58:45 am »
Within a year or two I'm sure the market cap will be no less than 1 to 2 Billion dollars. In the meantime buy cheap BTSX and hold on to what you already have.  8)

Such a pessimist you are. How will I buy big enough yacht with such low appreciation?

LOL I'm trying to be conservative here!

My honest prediction is that by about the 2020's if not sooner, work as we know it will be replaced by greater and greater automation thus the people that will do well and thrive will be those that own shares in digital companies. They would probably obtain their wealth through dividends or appreciation of their shares in something like BTSX!

Oh come on you gotta dream bigger! I'm planning on using the wealth I gain to start mining... for asteroids!  8)


Browsing the VictoriaSecrets models and deciding which one to date on any particular night, is kind of taking the steam out of me dreaming bigger.
 :)

I'll be thrilled if I make enough to pay off my student loans with enough left over to declare bankruptcy on all my other debts.

Now if both of you, for the love of god, would PLEASE go find some wood and knock on it...
« Last Edit: July 22, 2014, 07:00:30 am by merockstar »

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #14 on: July 22, 2014, 07:18:10 am »
I'll be thrilled if I make enough to pay off my student loans with enough left over to declare bankruptcy on all my other debts.

Now if both of you, for the love of god, would PLEASE go find some wood and knock on it...

Ehhh, you just need $100 bucks to declare bankruptcy or

 about 8 BTSX in my 1y estimations.

Offline xeroc

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Re: What's with the massive dump on BTER?
« Reply #15 on: July 22, 2014, 07:18:54 am »
BTER just enabled deposits .. FYI
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Offline cass

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Re: What's with the massive dump on BTER?
« Reply #16 on: July 22, 2014, 07:31:56 am »
buy in now :) get it cheap  +5%
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

merockstar

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Re: What's with the massive dump on BTER?
« Reply #17 on: July 22, 2014, 07:36:31 am »
I'll be thrilled if I make enough to pay off my student loans with enough left over to declare bankruptcy on all my other debts.

Now if both of you, for the love of god, would PLEASE go find some wood and knock on it...

Ehhh, you just need $100 bucks to declare bankruptcy or

 about 8 BTSX in my 1y estimations.

by your 1 year estimations I'm gonna need like 1000 BTS to handle the student loans.

yea... I dropped out way early.

Offline mf-tzo

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Re: What's with the massive dump on BTER?
« Reply #18 on: July 22, 2014, 09:00:02 am »
sell sell sell...please panic sell....

Let's drop it another -25% at least...

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #19 on: July 22, 2014, 09:07:01 am »
sell sell sell...please panic sell....

Let's drop it another -25% at least...

That's pure greed!  :)

I am perfectly fine buying at 140  :)

Offline mf-tzo

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Re: What's with the massive dump on BTER?
« Reply #20 on: July 22, 2014, 09:58:46 am »
I am also buying but my Break Even must be double than yours... So it is not pure greed but rather  try to minimize my weighting average to avoid a potential disaster...


Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #21 on: July 22, 2014, 10:06:34 am »
I am also buying but my Break Even must be double than yours... So it is not pure greed but rather  try to minimize my weighting average to avoid a potential disaster...

Are you the other Zeus with his extra high purchase price, or this is a common Greek behavior ?

aha yes you are you just changed you handle back.  :) :)

Offline mf-tzo

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Re: What's with the massive dump on BTER?
« Reply #22 on: July 22, 2014, 10:11:17 am »
Quote
Are you the other Zeus with his extra high purchase price, or this is a common Greek behavior ?

What other Zeus? I think I am the only one in here (my name was squatted in BTSX though)...

Yes I bought at high prices since I was buying my PTS at any prices up to $20 and kept them after the snapshot and was keep buying...I could have stayed with NXT and I would have already x10 my money but I prefered to stay here and dumped my NXTs.. I am a terrible cryptotrader and certainly a bug holder...I admit that...

What do you mean common Greek behavior mate?

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #23 on: July 22, 2014, 10:24:58 am »
I just saw your name as - 'stefanopodopolis' .Please do not blame me if this is way off, just sounded way Greek to me.

' common Greek behavior ' refers to the fact that in Europe, Greeks are known as pretty good/slick traders. :)
so I interpreted your words as a negotiation/trade tactic.

If you want examples that Greeks are good traders (and this is not a myth btw) I can provide some...

« Last Edit: July 22, 2014, 10:35:03 am by Simeon II »

Offline mf-tzo

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Re: What's with the massive dump on BTER?
« Reply #24 on: July 22, 2014, 11:01:35 am »

Quote
I just saw your name as - 'stefanopodopolis' .Please do not blame me if this is way off, just sounded way Greek to me.
hahahahaha.... +5%
I have changed my user name at some point since I was pissed off because someone squatted Zeus in BTSX but then I thought it will further confuse people so I changed it back...

Quote
' common Greek behavior ' refers to the fact that in Europe, Greeks are known as pretty good/slick traders. :)
so I interpreted your words as a negotiation/trade tactic.

I bet they are...I am doing just fine in usual stock trading and forex...With crypto it is another story...I am really bad at day trading and inexperienced so I end up to be a bag holder...Although I don't feel bad about it since most likely in the long run by the time the rest discovers cryptos we will all be just fine... ;)

On the other hand I think you must be a very good trader in cryptos so the last two weeks I am starting to read very carefully your trading advices... ;)

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #25 on: July 22, 2014, 10:19:46 pm »

Quote
I just saw your name as - 'stefanopodopolis' .Please do not blame me if this is way off, just sounded way Greek to me.
hahahahaha.... +5%
I have changed my user name at some point since I was pissed off because someone squatted Zeus in BTSX but then I thought it will further confuse people so I changed it back...

Quote
' common Greek behavior ' refers to the fact that in Europe, Greeks are known as pretty good/slick traders. :)
so I interpreted your words as a negotiation/trade tactic.

I bet they are...I am doing just fine in usual stock trading and forex...With crypto it is another story...I am really bad at day trading and inexperienced so I end up to be a bag holder...Although I don't feel bad about it since most likely in the long run by the time the rest discovers cryptos we will all be just fine... ;)

On the other hand I think you must be a very good trader in cryptos so the last two weeks I am starting to read very carefully your trading advices... ;)

Thanks. I am doing OK trade-wise but it would be much easier if just BTSX go to $1 or more… :)

Easier to buy my Tasos mansion that is...
« Last Edit: July 22, 2014, 10:24:36 pm by Simeon II »

Offline donkeypong

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Re: What's with the massive dump on BTER?
« Reply #26 on: July 22, 2014, 10:27:03 pm »


On the other hand I think you must be a very good trader in cryptos so the last two weeks I am starting to read very carefully your trading advices... ;)

It helps if you own enough to move the markets. The rest of us are at the mercy of people like Simeon!

Offline Simeon II

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Re: What's with the massive dump on BTER?
« Reply #27 on: July 22, 2014, 10:40:46 pm »


On the other hand I think you must be a very good trader in cryptos so the last two weeks I am starting to read very carefully your trading advices... ;)

It helps if you own enough to move the markets. The rest of us are at the mercy of people like Simeon!

Right I can move the markets, that’s why I locked 75% of my trading money for 6 mo. in AGS….

Offline liondani

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Re: What's with the massive dump on BTER?
« Reply #28 on: July 23, 2014, 01:06:28 am »
Do you think guys due to ether sale that pressure to BTSX prices will increase?
Honestly I believe they will... Many investors of bitshares would love to get involved  with ether too...
The logic is ..."the eggs in different basket's". Do you think I am wrong or not? Thoughts?

Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #29 on: July 23, 2014, 02:43:16 am »

Do you think guys due to ether sale that pressure to BTSX prices will increase?
Honestly I believe they will... Many investors of bitshares would love to get involved  with ether too...
The logic is ..."the eggs in different basket's". Do you think I am wrong or not? Thoughts?

I hope it does so I can get more. :) I think bitshares is better at execution. Ethereum has some novel ideas around smart contracts, but those can easily be added to bitshares when the time requires it.

Offline donkeypong

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Re: What's with the massive dump on BTER?
« Reply #30 on: July 23, 2014, 03:22:33 am »
Ether has been so hyped that I think people are afraid to miss out on it, whatever it is or ends up becoming. It's like a trendy project on Kickstarter or something. As an investment, I'll stick with Bitshares.

Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #31 on: July 23, 2014, 03:43:03 am »
Well, Vitalik has some interesting ideas. I wouldn't dismiss it, but I think they lack focus.

Offline xeroc

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Re: What's with the massive dump on BTER?
« Reply #32 on: July 23, 2014, 04:58:10 am »
Ether has been so hyped that I think people are afraid to miss out on it, whatever it is or ends up becoming. It's like a trendy project on Kickstarter or something. As an investment, I'll stick with Bitshares.
+5%
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Offline toa

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Re: What's with the massive dump on BTER?
« Reply #33 on: July 27, 2014, 05:31:01 pm »
In my experience... when you everyone wants to hurry and put money in so as to not miss the boat, you are entering a bubble stage. Not to mention they want to develop ether as an inflationary modeled currency. I may pick some ether up after it tanks, but not because I think they will produce a better product. Mainly cause they have quite a cult following, and potentially some high worth investors. Even if they do get out a working model within a year, I'm still quite sure there is room for different models. It's not as if there is only one exchange, or one trading platform in other applications. I doubt it will be the case for altcoin "bitcoin 2.0" projects as well. I couldn't be happier with my pts/ags equity. They have produced a product that is actually a lot better then I had imagined, and much more innovative. The delegated proof of stake, with the TITAN addressing, as well as how they have handled failed projects like Keyhote have shown excellent integrity and innovation. My bet long term is on Invicitus.

Offline Shentist

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Re: What's with the massive dump on BTER?
« Reply #34 on: July 27, 2014, 05:42:08 pm »
more supply then demand - to tell the number 1 secret  ;)

naturally everyone thinks about why? why sells someone at this stage?

1. i don't know the entrypoint of them, but for me this price is not interesting for a sell. I invested in AGS and bought PTS for the transfered PTS and BTSX value transfer i am at a loss right know.
so maybe there are really early adaptors. they mined cheap PTS and know they sell it.

i don't care, but i like the price so i can buy more. I already increased my BTSX +25%. why i did it? the client is really nice and as soon as the market functions included it will be a new game for BTSX.

Offline AdamBLevine

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Re: What's with the massive dump on BTER?
« Reply #35 on: July 27, 2014, 08:26:51 pm »
I've been expecting the price to go as low as .00000999  I'm honestly surprised there isn't more of a impact on the price given how many people were stuck for so long and how little awareness there is about the launch of bitsharesx in the english language.
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Offline bytemaster

Re: What's with the massive dump on BTER?
« Reply #36 on: July 27, 2014, 08:44:18 pm »
I've been expecting the price to go as low as .00000999  I'm honestly surprised there isn't more of a impact on the price given how many people were stuck for so long and how little awareness there is about the launch of bitsharesx in the english language.

I believe we have everything in place for BitAssets (BitUSD) to launch... just need week for the test net and then get delegates to update their code to match and we will be good to go.   While the backend is being tested the trading interface GUI should be complete which will give us a complete product to advertise / push starting in September.   Right now is too premature for launching a major marketing campaign.  It may help the the price in the short term, but in the long term we are better off marketing a complete product rather than another alt-coin with a hope of a better future.

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merockstar

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Re: What's with the massive dump on BTER?
« Reply #37 on: July 27, 2014, 08:53:14 pm »
I've been expecting the price to go as low as .00000999  I'm honestly surprised there isn't more of a impact on the price given how many people were stuck for so long and how little awareness there is about the launch of bitsharesx in the english language.

I believe we have everything in place for BitAssets (BitUSD) to launch... just need week for the test net and then get delegates to update their code to match and we will be good to go.   While the backend is being tested the trading interface GUI should be complete which will give us a complete product to advertise / push starting in September.   Right now is too premature for launching a major marketing campaign.  It may help the the price in the short term, but in the long term we are better off marketing a complete product rather than another alt-coin with a hope of a better future.


 +5% +5% +5% +5% +5%

Offline GaltReport

Re: What's with the massive dump on BTER?
« Reply #38 on: July 27, 2014, 10:27:19 pm »
I've been expecting the price to go as low as .00000999  I'm honestly surprised there isn't more of a impact on the price given how many people were stuck for so long and how little awareness there is about the launch of bitsharesx in the english language.

I believe we have everything in place for BitAssets (BitUSD) to launch... just need week for the test net and then get delegates to update their code to match and we will be good to go.   While the backend is being tested the trading interface GUI should be complete which will give us a complete product to advertise / push starting in September.   Right now is too premature for launching a major marketing campaign.  It may help the the price in the short term, but in the long term we are better off marketing a complete product rather than another alt-coin with a hope of a better future.

 +5%

Offline AdamBLevine

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Re: What's with the massive dump on BTER?
« Reply #39 on: July 27, 2014, 10:38:34 pm »
I've been expecting the price to go as low as .00000999  I'm honestly surprised there isn't more of a impact on the price given how many people were stuck for so long and how little awareness there is about the launch of bitsharesx in the english language.

I believe we have everything in place for BitAssets (BitUSD) to launch... just need week for the test net and then get delegates to update their code to match and we will be good to go.   While the backend is being tested the trading interface GUI should be complete which will give us a complete product to advertise / push starting in September.   Right now is too premature for launching a major marketing campaign.  It may help the the price in the short term, but in the long term we are better off marketing a complete product rather than another alt-coin with a hope of a better future.

I'm not arguing for a marketing campaign, I'm saying I'm suprised that the price has not dipped lower because there isn't one.  It's not a criticism.
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Offline bitmeat

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Re: What's with the massive dump on BTER?
« Reply #40 on: July 27, 2014, 11:09:56 pm »
I'm not arguing for a marketing campaign, I'm saying I'm suprised that the price has not dipped lower because there isn't one.  It's not a criticism.

I think what Adam is saying is a compliment. How many cryptos have launched and actually had a relatively stable price?

Most either oscillate quick run up then crash, or usually just a quick dump from all the "supporters" (usually miners, needing to cover expenses).