Why did bts go down ?
BTS have decreased from 30 c to 10 c. Do you have any ideas why ?
7 years ago in #bitshares by chrisaiki (63)
$5.25
- Past Payouts $5.25, 0.00 TRX
- - Author $4.39, 0.00 TRX
- - Curators $0.86, 0.00 TRX
More sellers than buyers. Watch out for the HERO contest - whipsaw incoming...
It actually went from under half a cent to around 40 cents in the past year. Anything that goes up 80x is going to have sellers taking profits.
The "glass is half full" view of Bitshares is that it is still up by 20x and has solid well funded marketing plans just getting under way.
I sold maybe 25% of mine when it was in the 30+ cent range (I bought at half a cent) but I am HODLing the rest!
What is your advice for a buyer at 30c ? Should i cut and wait to buy lower or hold until it rises ?
What was your plan when you bought? Looking for short term gains or long term profit? If you want short term gains you should probably have got out after about a 20% drop. If you were in the long term, then don't even worry about the price right now.
But since you are still in, consider why the price is down and what the near term holds. The price may be down because of the Bitcoin votes on changes in their protocol at the beginning of August. People are worried about what will happen and there have been big gains so they are taking profits and waiting to see what happens. All alt coins are traded through Bitcoin so all are affected as you can see on coinmarketcap.com. Things may turn around after this uncertainty is resolved.
That's the general crypto market, what about Bitshares specifically? They are now actively promoting their HERO coin which creates demand for Bitshares. They have hired bigger names in advertising to get them widespread exposure. There is a decent chance that this advertising will bring people into the Bitshares ecosystem and we should start seeing these results also at the beginning of August.
This is NOT investment advice. I have no special knowledge or insight, or license to offer investment advice. This is strictly my own opinion. As I said above, I am a HOLDER at this point in time, of Bitshares. I have no plan to sell any in the next 3 weeks. That's just me. Do research and choose whatever seems best to you. Good luck and best wishes!
I am very happy with your answer, I do not expect a crash to be so violent, that's why I do not know what to think, I had the project to keep long term but i wasnt thinking buying near the ATH, was probably so new to this world, it is probably the thing that worries me the most, finally, we will see the following events, now I'm in and there is more way to get out lol -65% ouch! Have a nice day!
Reason of demand vs supply..More supply than demand
all is go down, there is no particular reason for BTS. We have many good news.