BitShares (BTS) Analysis: How BTS Can Make NEW Multi Millionaires!

in #bitcoin3 years ago (edited)

SUMMARY

I am VERY BULLISH on Bitshares (BTS). In this blog post, a log chart is used to analyze Bitshares with Elliott Waves. The below chart shows white roman numeral waves i,ii,iii,iv,v and these are sub waves to the blue wave 1. Elliott Waves states that after five waves, there is a requisite three waves retracement as shown by the red waves a,b,c. These a,b,c waves also compose the sub waves of blue wave 2. As a Technical Analyst, I believe the ideal time to buy is at the terminal end of such an a,b,c correction. This is because there is a high confidence event for a trend change to turn up. Since blue wave 1 is complete and blue wave 2 is also or about to with perhaps one more dip, though not required, the next significant wave to be expected is blue wave 3. This blue wave 3 is expected to take BitShares to never seen price levels. I note that this is a logarithmic chart and not a linear chart so the price ranges are very different. Regardless, Elliott Waves chart five waves. In this chart I have placed also blue waves 4 and 5 which peaks at $342.

No, I'm not delusional. I'm sane in mind and spirit. My analysis is based on Elliott Waves and Chart Pattern Recognitions. Using these have brought sizable profits. I now hunt for that next MASSIVE profit potential and see BitShares as the prime target.

It is this kind of opportunity that mints new millionaires, regardless of age, race or creed. A high school student who invests $50 to buy 1,000 BTS at $0.05 could be the owner of quite a bit of dollars should blue wave 5 transpire, and I believe it could. An investment of 10,000 BTS could lead to life changing events. Owners of 500,000 or more BTS would perhaps gain unbelievable resources to help others and do no harm.

Elliott Waves states that a news or an event shall arrive to justify the forecast, and not the reverse. So, what event could propel BitShares to such heights? Didn't Bittrex just try and stomp it out of existence by de-listing it? The truth is, I truly don't know what could cause such a bullish rise. Perhaps the government will finally try and start regulating the centralized exchanges in the name of the IRS or SEC. This would cause many wallet holders in these centralized exchanges to suddenly desire de-centralized local wallets!

Please consider viewing my video analysis for the full scope and details:

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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66


Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

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BTS is set up for a massive pump. Problem is the pumps are done on the exchanges, and very few exchanges list BTS because BTS is putting them out of business. BTS should be at $3-$5 right now, but price is being suppressed because exchanges are heavily restricting the amount of money that move into BTS.

Bitshares is currently building ramps for institutional money via STOKENs and TXSRB... moon is coming.

BTS does invalidate the existence of many ICOs. It's one of the best blockchain products out there and it'll be one of the few cryptos that would not only survive but also lead like Microsoft or Google. I can see it go to $100 in 5 years or so. But $342 is way too much for me. It'll take a lot of time and/or dollar loosing value which is very possible due to moves from China and Russia. If there is a non-dollar dominated system, lots of countries will jump ship. With assassinations and puppet governments around the globe and messing with lots of internal affairs of countries, USSA has lots of enemies. On the other hand China/Russia has no such track record. There is no guarantee they won't walk that path. But Past track record and not having too much global dominance of China/Russia will make them seem less hostile for nations all over the world.

BTS could become the largest exchange in existence for some time until it get toppled by a better product. Too bad exchanges aren't too friendly. If we could get Binance on board. that'll be great.

The updated GUI is way much better now. Also it’s easier now to setup a cloud or account model much easier than before. FYI also the new GUI now automatically connects to the closest node. Before it was much more annoying when the GUI disconnects as the browser looks like it frozen. This has scared many. Ppl I know away from bts. So it’s a good thing they revised it. And fixed many annoying bugs.

What exchanges sell BT S

Bitshares DEX

I am on openledger, but this is the same, is it not? Always been a little confused about that

Yes openledger is smart contract based

Yes openledger is smart contract based

I'll take $100 :-)

I'll take $100 :-)

The last big rise in bts price when it hit 40cents was not a fake pump. That was real Silicon Valley venture capitalists finding out about bitshares for the first time. These same individuals hold a lot of the major coins like btc and eth. These same individuals will be affected just like everyone else when btc crashes. And they will also see the benefit of a decentralized exchange.

I'm not convinced that Bitshares' decentralized exchange is a huge attractor at this point, given there are so many others in development.

Don't get me wrong, I definitely want BTS to hit $342! :-D

Booyah!

the marketing hasnt even really started yet ...when it does tho it could be a game changer if stan can create demand for hero coin and build easier on ramps to theDEX

Elliott Waves states that news or an event shall arrive to justify the forecast, and never the reverse.

My monkey brain could conjure up a scenario where the SEC suddenly wants to regulate cryptos by regulating centralized exchanges. What would this do to BTS?

Omg haejin you don’t have a monkey brain.
Lol

agree。The news media serves the market

Elliott Waves states that news or an event shall arrive to justify the forecast, and never the reverse.

My monkey brain could conjure up a scenario where the SEC suddenly wants to regulate cryptos by regulating centralized exchanges. What would this do to BTS?

@johnsmith this is very interesting input about Bitshares. You and @cryptographic are convincing me to invest on it. Were is the best place to buy Bitshares? Thanks. @gold84

@johnsmith I totally agree with you about BTS. And with @haeijin I think his analysis and the event that regulations will turn people to decentralized exchanges, and here bitshares gets all the job. Can you help me understand how to change the initial password that we use to login to bitshares wallet online. Before buying more, I want to have it secure and offline.
Thanks for your help. @gold84

I am with you and also very bullish on Bitshares. Its the only one I invest in. Having some knowledge of up and coming projects and the types of organisations lining up to use Bitshares makes it a great investment. While most folks are making short term gains on vaporware the more astute investor is going heavy on Bitshares.

Booyah! Well said sir!
Upvoted your comment and following!

Thank you. Same

Yes. Same here. There are venture capitalists and also apple execs that are already invested in bitshares and EOS. FYI

curious as to whether you may be able to recommend any sources providing excellent updates on such projects and types of organizations?

I'm also invested and bullish on BTS, though always curious to discover new great sources summarizing such developments...

I have talked to Dan myself and he says that he is also developing a decentralised exchange as part of EOS, that will be the platform for trading the tokens that are released on EOS.

I'm definitely still a fan and I'm not saying this will make Bitshares redundant, but just something I wanted to bring to everyone's attention!

Wow. If that’s true. And it’s a dex to compete with bts dex. I would be really disappointed. I have had bts since it was protoshares. And even mined pts. Could it be bts will get upgraded to eos? I’m invested in steem bts and eos. I really hope dan doesn’t leave bts out to hang dry.

There are rumours that Bitshares will move onto the EOS platform, not sure how that will work though as BItshares is already it's own blockchain. Maybe they will coexist, each having a different focus. I think they can. Time will tell.

Stans pretty much confirmed in the latest interviews that Bitshares DEX will upgrade to Eos. I don’t see a rival exchange being a problem. Isn’t it just the same as having Openledger and Bitshares on the Bitshares blockchain? Best way to play it - hold both! 😏

That's fantastic news. It'll be amazing to see how this all plays out. Very exciting times!

Didn't @dan say the entirety of ETH can be run on EOS as a single smart contract? If so why not BTS. Google search ended up becoming only a fraction of the Alphabet Inc. Bitshares can end up being just another piece of EOS. I LOVE that kind of big thinking. Now somebody play a classic orchestral piece to go with the mood.

So basically the father of Bitshares is Killing Bitshares by becoming the father of a bigger and better thing. Damn I love Dan! This is free market competition people; something Buttcoin maximalists would never understand. Cheers for a death by EOS!

I was only considering this in the back of my head and had minimal investment in BTS. Now I think I might forget BTS altogether. Cheers for a better tech and better future.

One of the hardest things for a company to do is create a name for itself. For all of the things Bitshares has to offer - it will just kill the brand name to go to EOS? I don't see that happening anytime soon.

We crypto lovers do our research. Most people who are into do our research. Most BTS users/fans/etc knows that steemit-BTS-EOS come from a similar team. The brand is very connected with the team. Think Transformers-Michael Bay Star Wars-George Lucas Microsoft-Bill Gates Apple-Steve Jobs. Mainstream hasn't even noticed BTS or steemit. Those who know the project most likely knows dan and the team involved. That's the only reason EOS is the biggest ICO (when it's done) even without a product. I watch movies and read books just because I know the author. Those who can make the impact know enough to connect BTS and EOS.

Plus it's not like anybody is deleting everything about BTS. People will come to understand EOS as a natural evolution.

Yes, I know that Steem/BTS/EOS are all connected by the same team. These are good examples: "Think Transformers-Michael Bay Star Wars-George Lucas Microsoft-Bill Gates Apple-Steve Jobs." I just hope they can compliment each other vs combining them into an EOS stratosphere. I took the approach that Dan and his team are creating multiple companies in the crypto space that compliment each other vs competing.

They have just released details of the revised interface which should make things better. I haven’t been able to check this out yet as I am away but I’ll take a look tomorrow. I have seen loads more interest in bitshares recently so it certainly looks like a good time to jump in.

It’s a day and night difference. FYI

I hope so. Current interface is terrible!

I have found it easy to use.

DANGER WILL ROBINSON..OR MAYBE NOT.
Seems things are odd . BTC for the last 3 weeks has been increasing while a majority of altcoins have gone down. I thought BTC is the tide influencing altcoins. They seem out of phase. What is going to happen when BTC sells off. The altcoins will crash, too? Or go down even more like XRP,ETH,ZEC,DASH?

Ppl are prolly selling underperforming altcoins for btc gold. Personally I feel free btc gold is not worth the risk.

Agreed. People seems to be expecting another BCH scenario. As a person who tripled my portfolio on Aug 1st I'd say it's not very likely we'd see a similar scenario with BTCGold. GPU miners already have Monero, VTC and many more coins. Instead of 2X we have 8X with BCH which is the objectively best version of Bitcoin and Satoshi's vision. BTCGold doesn't have the same kind of backing of BCH. SegWit was seen as a security compromise by many who embraced BCH. I don't see why any of them would support BitcoinGold.

Personally I'm sticking with Dash. It's both the governance coin and the mainstream coin.

What exchanges sell BTS..

Go to bitshares.org and open and account there. Simple transfer in BTC to buy under what they call a bridge . Also... I believe bittrex might come back online to support BTS. Hope that helps

Welcome to my blog. I take requests for analysis and if you'd like, please make one. Zero cost.

I only ask for a consideration for an upvote or follow/resteem.

Stop filling up the comments with re-posts of the same questions. That's why you don't get answers. Almost all of your questions are already answered in the video you are commenting on. Don't ask for examples, because there are plenty of them. Haejin has already asked followers not to keep repeating the same questions over and over. Seems like you just want a magic formula to make you money, and don't watch and listen. And don't bother coming back at me with some elitist or respect BS, you're on mute from now on.

I am so so sorry. I posted last week that I inferred I did not like your personality or comments. I certainly was right after reading this latest post. I did not know you are Haejin’s pimp. You do seem to feel so righteous. Nor did I realize you the are spokesperson for this website. By the way, I know a little French , “Go Blank Yourself!” ❤️

www.bitshares.org

Same here the new GUI is much better.
The old GUI always looked like it was buggy. Out of 6 ppl I referred and signed up 5 of them refused to use it again.

The old one was. I agree but not the new one.

The new GUI has been out for a few days, and it is truly awesome!

Is it just for the web wallet or has the desktop wallet been updated also

Thanks. I am away at present but Home tomorrow so I’ll check it out then.

John, I want to point out that you vote for bitcube who is not active anymore for a long time. You can make dreams come true if you vote for me... I am new and active.. see my latest witness update. Thank you so much
https://steemit.com/witness-category/@rival/rival-witness-update-introducing-steemvember

Thanks for the heads up! I'll do some housekeeping..

Talking of bitshares Can you take a look at the possible cup on cvcoin also on bitshares at the moment. I would like to share your post on CVcoin with the cvcoin community.

What exchange do you use to buy BTS? Or do you transfer Btc into the exchange and convert? I have t done that yet and all other exchanges seem to have wildly different prices

Bitshares.org, Use the Blocktrade feature. Just like how you buy more steem using blocktrade.
Please consider laddering in.

Many thanks. I’ll set up ladders tomorrow.

Yes, buy BTS on Openledger/ BTS dex

Almost 1 trillion marketcap for bts? Please share what you're smoking?

And? You think crypto isn’t gonna explode soon? What have you been smoking?

Whats wrong with that?

Opened my account and got me some BTS after this post! I have been researching this for 24 hours now and it only makes sense that crypto is traded on a decentralized network. I look forward to trading on this platform!

Thank You! "Owners of 500,000 or more BTS would perhaps gain unbelievable resources to help others and do no harm".

DANGER WILL ROBINSON..OR MAYBE NOT.
Seems things are odd . BTC for the last 3 weeks has been increasing while a majority of altcoins have gone down. I thought BTC is the tide influencing altcoins. They seem out of phase. What is going to happen when BTC sells off. The altcoins will crash, too? Or go down even more like XRP,ETH,ZEC,DASH?

You are my hero haejin...so many topics covered here ..decentralized exchanges are the future...we just have to be patient...guys let me know if you have questions on how to set up wallets and where to go on the platform..i have some good articles to read too to get you more familiar with BTS

I have been using it for awhile (desktop version) and my main problem is I haven't been able to figure out how to manipulate charts, specifically changing to anything other than a daily candlestick. if there are some reference materials available, I'd appreciate it!

CB6...the charts aren't really that good..i just use others for prices like coinigy and trading view..they just announced they are in the process of integrating trading view for charts so this should be a good change...if you are holding coins they offer just use trading view for charts...the stable currencies like BitUSD BitEur BitCYN you have to just use their charts...ill fool around with them and see if i can give you some tips..cheers friend

I think bitshares has some potential as well. I just dislike their interface. I wish they could improve on making it easier for people who are less computer savvy. This would draw in more clients and drive the price up as well.

There is a new GUI coming.

Well now, that is a game changer. Any idea on where we can find that information?

New GUI is already up. If you used it before then your same user name and password will work with the new GUI

Pcourtnier..let me know if you still need some help..it takes a little getting used to..im still getting my head around the loans, currency pairs and creating your own as well, which i don't do, but i can give you some basic steps which are just like using bittrex..just start with the BTS tab to the right when you are on the exchange page...any coin that starts with open like open.BTC or open.Steem is the same as a coin listed on Bittrex or others..it's just Bitshares name they use...just deposit BTC into the Bitshares wallet just like you do on Bittrex and then when you click on lets say open.Steem, look to the left and under the boxes where you put your order details and you'll see the amount of BTC you have to spend...hope this helps..cheers

Yeah, it does. Thanks buddy.

Something I will certainly take a look at.

A de-centralized exchange sure makes sense these days.

Certainly worth some flyer money....

Super analysis. I did a video about the fundamental analysis of Bitshares: Please have a look and give me feedback:

. I also did this video on Bitshares aswell: https://youtu.be/_FZjrUAnOq0. They're both on my Steemit too. Maybe we can collaborate sometime with me doing fundamental analysis on some coins?

Super analysis. I did a video about the fundamental analysis of Bitshares: Please have a look and give me feedback. I also did this video on Bitshares aswell as an update. They're both on my Steemit too. Maybe we can collaborate sometime with me doing fundamental analysis on some coins? Thank you so much for your videos on Bitshares, I hope to see more of them. Let me know when you're next doing one and perhaps I can re-evaluate the fundamentals and do a fundamental analysis video at the same time?

Super analysis. I did a video about the fundamental analysis of Bitshares: Please have a look and give me feedback. I also did this video on Bitshares aswell as an update:

. They're both on my Steemit too. Maybe we can collaborate sometime with me doing fundamental analysis on some coins?

very cool post and vlog, i like it

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Like the way you analyze things. I will definately look at lot closer into this, could be the investment of a lifetime!!

A stupid question but how do you legalize all those profits and pay taxes? 🤑

Give to Casesar what is Caesar's....but he takes too much!

2 guarantees in life, death and taxes.

Depends on where you live. I'm in UK so would be required to pay Capital Gains Tax for example - though I'd have to be making far more significant gains to bother frankly!

great analysis as usual. ty!
whats your thoughts on vtc? it recently did a big pump and looks like it isnt stopping any time soon.

all looks great but that would make the total market cap of BTS nearly 1 Trillion USD at 350... I own BTS for sure but 1T USD market cap looks too big unless 1T buys a lot less when the time comes. ie-massive inflation...we shall see.

And what's wrong with that?

Go BTS go!!!!

Damn just created a bitshares account and boy it seems complicated to use, lol. No wonder people are having a hard time with bitshares exchange. Regular exchanges just seem so user friendly.

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How about an upvote or is Steem not on ur radar?

yes bts is very cheap now , it is a good way to earn money on crypto currency

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Great post thank u for sharing love it

This is holy 🙏

haejin,You are a genius.I even started to believe that what you said about 342 dollars is achievable.

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