BitShares (BTS) LONG TERM FORECAST...$342!!

in bitcoin •  11 months ago

SUMMARY

Long term forecast of Bitshares (BTS) is shown below. I use a logarithmic chart to normalize the price variations to height. The "trees" we see now are nothing compared to the forest. The blue waves represent the forest Elliot Wave counts. I target $48 for blue wave 3 and then after a blue wave 4 correction that could nearly obliterate BTS to $6.93 or so; a massive wave 5 could take to $342.

Yes, I can do math, $342 will bring the market cap to >$875 Bil. I am also quite sane of mind. I believe that in the years to come, decentralized exchanges will become the golden standard, not only just for cryptos but also the equities, options, commodities, precious metals and futures. The NYSE, NASDAQ, CME, etc could all become decentralized and run on the blockchain. In light of this, should all these exchanges be converted to a decentralized exchange and globally; the enar $Tril level market cap does not seem unattainable. How long will this take? I don't know. Since time is not a reflection of sentiment, it is very difficult...no, nearly impossible to forecast. So I will focus on forecasting price only for now.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!

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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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@haejin I am confident everything will be moving to decentralized exchanges as soon as regulations start to press people on centralized exchanges. I totally agree with you in this.

So if your prediction of $48 by the middle of this coming year, this will be insane, massive wealth transfers. The biggest in the history of the world.

You will be everywere explaining your technical analysis, this will be massive for bitshares, steem and eos. @dan is creating every single blockchain technology a person will need in the short, mid and long term future. EOS (Smart contracts and more), Bitshares (Decentralized exchange and more), and Steem (Decentralized Social Network + SMTs + New Markets and Economies + Transactions and much more). How a visionary.

I encourage you to follow @teamsteem and read his welcome to steem post. It will definitely sumerize what the vision of its creators is, which is freedom, and empowering people.

Regards, @gold84

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I dont think he is saying it will hit by mid year...he doesnt chart time...the time on his charts are just drawn there...the prices are his forecast not the time.

But outside of that, wether 6 months or 2 years, you are correct. $48 from where we are today will be huge. We are at 26 cents...that is a lot more than a 1,000 times return.

If it reaches his peak, it will create some billionaires.

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@taskmaster4450 agreed! you just said it billonaires and millonaires. Incredible. Unthoughable. Amazing. @gold84

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Considering the fact that, probably 10 years down the road, tens of TRILLIONS of dollars worth of commerce will all be done on the blockchain, that means that these things valued in the trillions is not unrealistic. There will be some mega chains and others that are smaller.

Either way, I foresee almost everything ending up on the blockchain.

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Actually, this is going to be the case in something like 3-5 years. LAToken.com project is paving the way to tokenizing ANYTHING AND EVERYTHING of high value. It opens the doors for Trillions and Trillions instantly.....and it's already live. They get traction, or a similar project.....and the world is an entirely different place.

You KEEP your asset while it's tokenized and traded on the market, or held until the agreed upon contract settles and it has accrued interest.....I know I know, it's hard to wrap your head around that. Our NICE wedding ring is going up as soon as they launch all networks. Liquid value, and the ring never leaves the finger.

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we must do something with that money, something good !!!

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Completely agree. It's good to see some cryptos moving along this path Power Ledger nd Golem to name a couple.

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That's true. The problem that I see coming up is competition, the bitshares concept will be copied. Who wins out among the decentralizers will be decided by interest, influence and marketing as usual, not waves. This is why Litecoin recently exploded, and not before - because they did some marketing. For the waves to work, we have to give human psychology what it needs to work predictably...

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And how do you know bts is an ebay/amazon and not a ephemeral competitor? Truly asking

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Dan & Stan larimer are leaving a legacy

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Sure the concept will be copied, but where?

Are you going to open up a de-centralized exchange on ethereum? Someone could do that yet they might have an issue with the transactions.

Someone could start a new blockchain from scratch, which might happen...but they are already falling behind.

And BTS doesnt need to own the decentralized world to be highly valued...there will be other exchanges....but who knows what else BTS will add to the mix over the next year or two.

The developers are still hard at work on that blockchain just like on this one.

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Also waves is not as decentralized as bts. Also there is also the remote possibility that bts and steem might get upgraded to eos tech. Fyi

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It makes sense to do it if it's laid out correctly. The community is working on 3.0 first, but I would love to see a BEOS!

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BTS has the equivalent of bitcoins first mover advantage in decentralised exchanges ! It would take a lot to catch up and overtake it

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Cobinhood is the only real competition i see for BTS at this point.

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Bitcoin has TONSSSSS of competition.....no one's gonna touch it for a long long long time. It doesn't even matter that they aren't processing thousands of TXs....still far and away killing all the competition....and the competition has way better tech.

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I don't think we should take the time period in TA seriously. He points that out specifically. It could be 1 year or 5 years.

Bitshares is the literal spearhead against the Bankers' Bitcoin pump and dump scheme to regulate crypto! Providing real value to the crypto space to hopefully steer this train in a functional direction.

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you said it !!

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It’s there in lower case hah!!

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You forgot STEEM @tt-dogg.

Or is that a given?

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It’s there in lower case hah!!

I agree with your forecast. It might take 3-5 years. But I think its doable.

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yup, i agree as well... just need to be patient.

thanks @haejin

I'm thinking the boom is bigger than most can imagine in the next two years.....I give it 2-5 for BTS to reach 300, EOS 300 by end of year....MAYBE early next year.
edit: I mean 2018 when I say end of year and 2019 when I say next year.....

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wow

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Haha....well don't bet the farm on my opinion....but the acceleration of the fractal structures is incredible to watch, some would say....and they do say...."IMPOSSIBLE" - even though we are watching it unfold before our very eyeballs.

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Right thanks 👍🎯

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This really all is so sensational. I feel so blessed to have discovered Steemit and then crypto when I did. 13 months. Wow, feels like a lifetime ago.

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Get while the gettins good I always say!

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Had a great conversation last night with a friend that I got into the scene. Lots of bitshares and haejin talk. I feel like we just saw a tremendous example of price driving the news, and it was helpful to talk out loud about some things. But the example was this:

This recent EOS price rise kind of bumped into some news about Bitthumb listing it for trading. Now, upon recollection, I feel like our tendency is to believe that the news of Bitthumb listing the coin came first and then there was this price run. BUT - the actuality is that Bitthumb got FOMO when EOS was surging and so they decided to list it somewhere around $7 after it had run up from sub $1 in 5 weeks or so. It's really amazing when you can be surgical and really dissect what came first. Sentiment drives price creates news. And there are big feelings around the Larimer projects these days, certainly on my end.

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there is also a rumor that a gold backed bitAsset may be released on bitshares fully redeemable in ACTUAL PHYSICAL GOLD...

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Hard to have perspective seeing as we are all using one of his products......but the price don't lie......Now the News, CEOs, Internet Bozos, and Banks definitely lie......the price don't lie.

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Oh yeah, anyone still having trouble with BTS and Openledger, I got on the horn with an Admin yesterday and figured out why I couldn't send or withdraw with a memo included.....
https://steemit.com/bts/@scarlet7/solved-withdraw-and-send-from-bitshares-and-openledger-dex-with-a-memo

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I feel the same about EOS and dont forget Cardano

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I don't see the same traction, not in that span of time anyway. Long run, sure thing if they make it through the fall of the young cryptos.

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There is a tipping point that we are almost reaching. As soon as that happens, BTS is going to skyrocket to the moon!

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Agreed. There are assets being issued on DEX that aren't set for release for another 5-10 years. And they already show characteristics of being valuable.

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Hopefully on EOS! I recently sold some on a 300% rise then bought more in this basis!

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Not long ago, there was a user floating around here that swore up down left and right that EOS COULD NOT, IS NOT ABLE TO, NEVER COULD EVER go over $3 before release......Hahahahahahahahahahahahahaha - of course it will flux....but man oh man, that's good stuff right there!

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I guess that fool is pretty quiet these. Days. Guess he’s still holding his waves bag. Lol

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Other funny thing is, I checked out his blog, and all he talked about was EOS.....like the ONLY thing he ever posted about. Just goes to show, the fundamental angle is weak.

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And he was knocking me for holding EOS.......Haha....I thought about sending him 6.50 the other day and telling him it was for him to buy 1 EOS, but there's no need for a grudge when the money speaks for itself!

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Since the cryptocat is out of the bag on ethereum plus the testnet being public and future updates of ahead of schedule progress could send EOS to unpredictable highs. People are dying for a scalable solution, and if positive progress continues coming out on eos people will flood it with capital.

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Do you have any base for this? It's quite radical to jump from $8 to $300 in 15 days :)

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Not days months. To years.

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No that's my mistake....I keep thinking it's already 2018.....I meant maybe by early 2019. Sorry bout that!

bitshares for the win!! What a ride it will be if you are right!!

very interesting.. i sold my bitshares previously. now i should get it back. thanks. next year time for steem family. ☺️

first

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You win again!

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Dang.....now it just looks like we don't know how to use a forum. Way to go tt-dogg

Admire the enthusiasm, but it took Apple about 40 years to reach $800 billion valuation, they sell 200mm phones per year at $700 per phone, they employ something like 45,000 people in the US directly/indirectly, and they've endured a LOT of hardship along the way.

So forgive the skepticism on bitshares token reaching a valuation of $800 billion, but if you're calling for that we think you need to at LEAST provide some metrics on the progress of the OpenLedger exchange. The volumes on it seem quite lite, can you at least do a chart on how those volumes have progressed in the past year, and compare to OTHER de-centralized exchanges like Localbitcoin or Bisq or the probably 3 dozen new ones popping up every month?

for $800 billion calls, we're just saying you need to do a bit more work than just an Elliott Wave chart.

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10 months ago, 2017.12.15 @haejin predicted BTS will go to $340 usd
and many cheered and some skeptical.

Now 2018.10.02. BTS is $0.11usd,
and the total market cap ranking is dropping.

Interesting prediction and interesting responses.
Need to see later again.

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Who is this "WE" you speak of?

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Only some months ago Bitcoin could be bought for $3k.

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Only some months ago it could be bought for under $1k!

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Only one year ago it was worth 1/35 of it current price 500$

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Haha....."What are the chances of a girl like me and a guy like you getting together?" "Uhhh 1 in a million..." "SO YOU'RE SAYING THERE'S A CHANCE!"

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Lmao. None of those platforms come close. Your comparing apples with a walnut tree. Doesn’t compare. Plus Apple is falling off. He does strictly sentiment. Your talking fundamentals. He doesn’t do fundamentals kid.

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Understood, you're correct. However, at a dark alleyway meeting ground in the heart of Cryptotown, Fundamentals and Sentiment/Charting MUST meet and fight it out. Fundamentals is like Rocky Marciano-- never lost a fight over a career!

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i mined protoshares, i had bitshares x, i have been buying bts when it was 4 for penny...
and i still buy BTS everyday, this is from fundamentals and research on the team and my belief in dan and stan.....i recently found haejin a little over a month ago...when my fundamentals and research have kept me to stay with BTS for this many years and a technical analyst who looks from only a sentiment view i have double confirmation...
so im not here to convince you if you comparing everything with coins in the marketcap now your wrong with wall street and mass adoption and the billionherocampaign that will be kicking off soon. the marketsize will increase massively plus when USDT goes belly up there will be a rush for smartcoins pegged to fiat currencies like bitUSD... how is bitUSD made? with BTS in a collaterized smart contract loan...BTS DEX is a SMART COIN FACTORY not just an exchange...also its BANK...also its decentralized and cannot be shut down by any government entity...if US exchanges get shut down then more go to the DEX....and when USDT tanks so will the exchange backing it bitfinex...then we have more rushing to the DEX...

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tt, you're the perfect person to ask then, as we've been researching BitShares and OpenLedger for quite some time and not yet arrived at a conclusion. Here's our questions:

#1 Withdrawal Fees
For small-timers, it's nothing to get in, but quite expensive to get out, no? We calculated it was 10-20% of funds to withdraw, but maybe we didn't use big enough numbers?
#2 If crypto suffers a big fall (like today) that last awhile, say months and very deep percentages, how will that effect the smartcoins trading on pegs inside DEX? Because if people pull their money out of Open Ledger, that means they're selling bitshares too, and that means there's less bitshares to support the pegs, so it could all fail in a "1929-event", no?
#3 Is the exchange OpenLedger, or DEX? We see people say DEX all the time, and it confuses us. Are they the same thing?
#4 Volumes on the exchange
Since OpenLedger doesn't seem to make most exchange lists you see, do you have anything which charts how their volume growth has been since inception? Curious to see adoption, but hard to go to OpenLedger every day and take a new temperature.

We are VERY interested in BitShares, fundamentally, so any info is appreciated since you obviously know it quite well for a long time.

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You might be interested to check out https://www.blocktivity.info/ to find some answers on #4. I found some really helpful data there to do some calculating on volume growth myself.

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Knowledge DROPPED!

Not just an exchange, Smart Coin Factory!

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Funny thing is.....I don't think TA's feel like it's a battle at all. I think we're pretty happy with our methods and results. We'd love to help more people make more money, but I'm not in the business of telling other people they aren't correct in their methods.....I mean...The charts do that just fine on their own.

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the marketcap doesn't have to be that high for the price to go that high. Since bitshares are taken out of circulation and locked in a smart contract every time someone takes out a bitAsset loan(like bitUSD/bitCNY) The available liquid supply at any given moment (the bts not locked up in smart contracts) of bitshares is the number of bts coins you'd need to work with to find marketcap and price level. Everyone realizes you can take a 0% interest loan and repay back anytime as long as you lock up your bts as collateral, right? When people find this out as the bts price rises, more and more will be locking up their bts as collateral making the price rise even more.

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Really ? I wasn't aware any of that was possible - I really need to read up further on BTS - your other post about a crypto backed by precious metal would be very interesting too !

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@batfinkler was actually announced this evening. https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7

"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"

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This is frigen huge...now we don't have to worry about the centralized exchanges shutting down our wallets and banks shutting down our accounts when we try to move the Fiat...I hope everyone realizes how big this is...that was the weak Achilles heal in my opinion and something i mentioned online is the fact that the banks could collude with the governments and not allow people to go into fiat from crypto...this is big news

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Totally agree!!! When all of this is seen through, it will be the biggest deal in crypto history.

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Crypto will be money, while Apple is one company.

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It could happen that with the EOS success, people will trust bitshares more as the standard decentralized exchange since it's made by the same creator.

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https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7

"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"

https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28
Cryptocurrency Bank AriseBank To Acquire FDIC-Insured Bank; Partners With BitShares.

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@harpooninvestor Read this and see the future. When you add this news to the fact that any bitasset creation on bitshares (bitUSD, bitCNY, bitOIL, bitSILVER, bit whatever asset you want, requires locking 2X at minimum the equivalent value in bitshares in a smart contract thus reducing the available supply of bts and increasing its price, you'll see the light at the end of haejin's ta tunnel.
https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7

"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"

Cryptocurrency Bank AriseBank To Acquire FDIC-Insured Bank; Partners With BitShares.
https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28

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Too bad that AriseBank is was founded by two known scammers Jared Rice and Stanley Ford
who stole about 200,000$ from clients of their shell company "Bit of Glory". Probably scammed a lot more peoply with other fake companies.

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Got any court documents or are your accusations baseless?

@haejin "This acquisition is happening concurrently with the announcement of a strategic partnership with BitShares, the world’s busiest financial blockchain as seen on blocktivity.info. AriseBank, the first decentralized bank is teaming with BitShares, the first decentralized exchange to provide a comprehensive platform for real-time delivery of incorruptible financial products and services....BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream...The combined strengths of a conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level the playing field for all mankind."

https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28

growth will increase ... in some countries, people are little aware of the crypto currency and its ability to trade and get a good profit. but the growth is going on and it can not be stopped, just as it does not stop the growth of the value of the whole of the crypto currency. the main thing at the time to drop into this fast-moving train called investment in the crypto currency

Nice one Haejin. Would consider an analysis of Cardano ADA? I’ve done my first count the the 1h and I’m assuming a breakout, hitting what I have as the top of wave one. Your thoughts?

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It's already happening!

Great articles !
Can you please do a IOTA Prediction?

It appears it would be a good idea to take a bunch off the table at the $45-$48 mark if your forecast comes to pass.

Wow, at first it doesn't seem realistic. But of course would be nice to see it go so high!

This post resteemed by # @bestbot

U5dsUNydjdkCdHQxQt92UisBrhaaboK_1680x8400.jpg

Hi haejin, would you be able to do an updated 'forest from trees' look at bitshares?
Thanks for your hard work.

Help...watching gains build up among multiple coins...sell some? I never know when moves like this occur...usually will lead to large sell off...only to see it climb back higher...but????

@haejin Also, the marketcap doesn't have to be that high for the price to go that high. Since bitshares are taken out of circulation and locked in a smart contract every time someone takes out a bitAsset loan(like bitUSD/bitCNY) The available liquid supply at any given moment (the bts not locked up in smart contracts) of bitshares is the number of bts coins you'd need to work with to find marketcap and price level

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And what is it....like 50% of bts are locked up I think

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It's 20% right now. 1/5 of all BitShares are currently locked down.

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@scarlet7 there will be a heck of a lot more locked up now...
Cryptocurrency Bank AriseBank To Acquire FDIC-Insured Bank; Partners With BitShares.
https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28

BitShares and Arise Team Up: The World’s First Decentralized Bank and Exchange Join Forces
https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7
"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"

Could you please take a look at Monacoin? Is that a reverse head-and-shoulders? Thanks!

342??? and bitcoin??? 50 000 000 000???...

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My bad.....BTC 3.6 million

Thank you!

There is no stopping it, the world is slowly takings its #BTC blinkers off and looking for real world future tech #BitShares #BTS

KABOOM!!!

Haejin, we trust you with your analysis,but thus is not TA. This is fundementals and fundementals do not drive price.

I am still a fan and will keep following and upvoting but will also ignore this pump post.

I mean even antshares/neo started at what .07 cents? Now it's looking to do $100 as a target so it's definitely possible.

I'll invest in Bitshares when it migrates to EOS and has zero fees ... I used it yesterday and it sucks... sorry

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Why do you say it sucks? I’ve had no issues sending and receiving coin. Can you elaborate?

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yeah, the interface sucks. Not user friendly. Leaves you all confused

from $0.3 to $300 ? Interesting...

I'm on this BTS train since @haejin told that story about multimillionaires. Now, I'm in 100k STEEM club and BTS millionaire club. 🙈🙌😀🙏

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Sweeeeeeeeeeeeeeeet!!

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Count me in!! Hopefully.... HAHAHA

I hope You like scottish whiskey - when this prediction comes true, or heck, even when BTS hits $100, I'll send You bottle of 69 years old Glen Grant, bottled in 2014, only 160 bottles made from this cask!

I wish us both massive prophets, so massive that You'll get this delicious treat :-D

I'd be happy with BTS getting to $48 nevermind $342 ! If we see BTS at $342 we all need to club together and buy Haejin a small island somewhere ! He will be rewarded handsomely in heaven !

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Why a small island ? :)

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Thank you for pointing my obvious error what I meant to say was we should chip in and buy him an island the size of Alaska !

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Now is better :)

I tried to use that site. And the interface sucked!! I do believe in the decentralized concept. But unless, they can improve the experience. I have a hard time buying into them.

Nice one Haejin. Would consider an analysis of Cardano ADA? I’ve done my first count the the 1h and I’m assuming a breakout, hitting what I have as the top of wave one. Your thoughts?

Haejin... could I expect the same return on a BTS/BTC trade, or is this only on the Dollar trade.
Thank you,
Harry.

This week has been quite exciting for Bitshares. It feels like momentum is building and this is just the beginning!

Great reward for those following 'Larimer' projects & BitShares !

The next time you doubt @haijen when he has these YUUGGEE predictions like BTS will reach a market cap of $875 billion. Remember this article about how the are joining with the worlds first FDIC insured crypto bank https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28

Congratulations @haejin!
Your post was mentioned in the hit parade in the following category:

  • Comments - Ranked 9 with 117 comments

Hmm thanks I'll check out your tutes and look at BTS too

I’m sure most of you on here know this but just wanted to share.
With all the theories going on with insider trading with Coinbase, exchanges pumping prices, and future government regulations, it’s just a matter of time before people start losing trust and faith in the centralized exchanges (especially if these theories are true).
With BitShares DEX, since the whole exchange is decentralized, these problems are eliminated.
There are a lot of other benefits to BitShares that you can research on the BitShares subreddit, but I see this being the future of the crypto market that could actually be adopted by large banks and used in the future.
With only a $1.6B market cap and the price around $0.60, don’t miss out because I predict this coin going over $100B+ market cap someday putting it at about $60+ a coin. A $1000 investment would be $100,000 if it reached that high.
I’ve read that with the growth of the crypto market, some analysts predict it going as high as $800B market cap putting the price at $300+

Dear Haejin, I sent my profits from EOS via XRP (because its fast) but CEX.io have a technical issue with XRP deposits. I bought @0.55 and got forced to ride this huge kaboom wave. its not so bad but I still can not cash out. could you shed some light on this move up as its starting to correct.

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Not sure why....but I have had trouble with XRP transfers as well. Sometimes no trouble, sometimes no action. That's my go to for moving funds too. Hopefully it was just the exchange, because the explorer is processing hundreds of TXs every couple seconds.

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Hello Scarlet , Yes its 100% the exchange. I think I see wave 4 and waiting for wave 5 up. so hopefully they can resolve the issue in time for massive profits. I trust XRP to be fast so I moved a large portion of funds and now have to suffer the consequence good or bad. By the way nice post earlier I upvoted you and restreemed .