Bitcoin Rises to 40% after market crash

in #bitshares6 years ago

After the FUDs from South Korea and China about Bitcoin Bans, Bitcoin rises back up to 40% pulling every altcoins along with it's comeback.

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Steem Dollar(SBD) manage to gain a 130% increase after dropping to $3. Now sells at $7 or more.

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Bitshares was also saved from margin calls at $0.20 lower because of the bulls that pushes the price of Bitcoin back to $12,500 - $13,000. But is it safe to say that Bearish Market is over or are we going to push forward breaking new ATHs for Bitcoin and Alt coins?

Is it a coincidence that after Bitcoin's CME Futures exchange expired, Bitcoin's prices rises up again?

Again more tethers(USDT) are being printed almost everyday. That are bought by Centralize Exchanges using it to pump the price of what? We will see more of this as long as we support tether. The best way to stop this is stop using tether and start using market pegged assets like bitUSD that is 175% collaterized by Bitshares.

We as a community can do this if not for greed and can make crypto market safe for every investors specially for the new ones. If we continue to resolve the issue instead of tolerating the use of USDT blockchain technology will never be adopted by government and nations.

Start support bitUSD and stop buying tethers.

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I hope it doesn't come to that. Chinese community should rise up for their rights just like what S. Koreans are doing in order to save their assets.

yeah its very good news for us thank you @docmastery for shareing helpfull information

                  resteem done  sir

thank you for this post but i would like to know how to buy bitusd?look forward hearing from you

You can buy them on Bitshares DEX all you need is to creat a bitshares wallet using link https://wallet.bitshares.org/#/ then you can either buy them using your assets like bitcoin, eth, litecoin or Bitshares. in the Bitshares DEX included in your Bitshares Wallet.

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BITUSDbitUSD0.973$-9.16%0.9%
BTCBitcoin12682.800$7.64%-11.89%
SBDSteem Dollars7.394$60.24%6.36%
STEEMSteem5.563$23.06%-10.03%
USDTTether1.009$-1.35%0.31%

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.033
BTC 64243.42
ETH 3152.93
USDT 1.00
SBD 4.28