Author Topic: BTC going down, BTSX going up  (Read 2526 times)

0 Members and 1 Guest are viewing this topic.

Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
I bought my first BTSX today (small fish).  I thought that when bitcoin goes up alts often go up and when bitcoin goes down alts often go down even more (not that bitshares-x is a mere 'alt') so it could be a good time to buy.  But who knows it's so young it's incredibly difficult to know how to value it.  But if this market peg keeps working allowing a market of endless assets to exist with so many uses and dacs too, I can see that becoming huge potentially, which is why I thought its worth hedging a little from bitcoin.

Welcome, great to have you aboard!

Offline matt608

  • Hero Member
  • *****
  • Posts: 878
    • View Profile
I bought my first BTSX today (small fish).  I thought that when bitcoin goes up alts often go up and when bitcoin goes down alts often go down even more (not that bitshares-x is a mere 'alt') so it could be a good time to buy.  But who knows it's so young it's incredibly difficult to know how to value it.  But if this market peg keeps working allowing a market of endless assets to exist with so many uses and dacs too, I can see that becoming huge potentially, which is why I thought its worth hedging a little from bitcoin.

Welcome to BitShares! I think you'll be very happy with your decision.

Thanks :) 

Offline sschechter

  • Sr. Member
  • ****
  • Posts: 380
    • View Profile
Last time BTC took an unexpected dump (a month ago), BTSX led the recovery to %600+ gains.  Will history repeat?
BTSX: sschechter
PTS: PvBUyPrDRkJLVXZfvWjdudRtQgv1Fcy5Qe

Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2329
    • View Profile
I bought my first BTSX today (small fish).  I thought that when bitcoin goes up alts often go up and when bitcoin goes down alts often go down even more (not that bitshares-x is a mere 'alt') so it could be a good time to buy.  But who knows it's so young it's incredibly difficult to know how to value it.  But if this market peg keeps working allowing a market of endless assets to exist with so many uses and dacs too, I can see that becoming huge potentially, which is why I thought its worth hedging a little from bitcoin.

Welcome to BitShares! I think you'll be very happy with your decision.

Offline matt608

  • Hero Member
  • *****
  • Posts: 878
    • View Profile
I bought my first BTSX today (small fish).  I thought that when bitcoin goes up alts often go up and when bitcoin goes down alts often go down even more (not that bitshares-x is a mere 'alt') so it could be a good time to buy.  But who knows it's so young it's incredibly difficult to know how to value it.  But if this market peg keeps working allowing a market of endless assets to exist with so many uses and dacs too, I can see that becoming huge potentially, which is why I thought its worth hedging a little from bitcoin.

Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
what do you mean? the traded volume of btsx has fallen and the reason price is up in satoshi is because bitcoin has fallen

Have been watching bter, bids keep nibbling up.

Volume down, true, but usually price drops with volume.

Seems like there's a few folks buying... guess I'm hoping BTC value is looking for an alternative and finding BTSX.

 :D

In the past 24 hours, BTC price has dropped by ~5% and BTSX has raised by 5% (relative to BTC). So of the $250million has left BTC, maybe $3million (at most) went into BTSX. So maybe something like 1% of the BTC volume out has maybe went into BTSX.

That would be a trickle...

BTSX is holding its own. Almost flat right now in the face of a huge BTC/crypto slide.

I'm hoping this may encourage at least some BTC value to step on over.

Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2329
    • View Profile
BTSX is holding its own. Almost flat right now in the face of a huge BTC/crypto slide.

Offline maqifrnswa

  • Hero Member
  • *****
  • Posts: 661
    • View Profile
In the past 24 hours, BTC price has dropped by ~5% and BTSX has raised by 5% (relative to BTC). So of the $250million has left BTC, maybe $3million (at most) went into BTSX. So maybe something like 1% of the BTC volume out has maybe went into BTSX.
maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

Offline serejandmyself

  • Sr. Member
  • ****
  • Posts: 358
    • View Profile
what do you mean? the traded volume of btsx has fallen and the reason price is up in satoshi is because bitcoin has fallen
btsx - bitsharesrussia

Offline oldman

  • Hero Member
  • *****
  • Posts: 556
    • View Profile
Wonder if some that BTC value is cashing out and heading to BTSX? Perhaps a trickle....