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RE: BTS, STEEM and SBD - Price of All Went Up!

in #bitshares7 years ago

Bitshares is on fire - many exchanges listing (binance, zb, aex, xbrick, u.cx) and more importantly... some are starting to use bitCNY and bitUSD as base trading pairs. This is huge news for BTS as bitCNY and bitUSD are backed by 200% of their value in BTS collateral. So the more people use bitCNY/bitUSD the more BTS is locked up as collateral, reducing the circulating supply and putting upward pressure on price. bitCNY supply has been growing massively as China discovers how fast and safe it is - which means millions of BTS are being taken off the market. Booooom!

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@johnsmith as you said " the more people use bitCNY/bitUSD the more BTS is locked up as collateral, reducing the circulating supply and putting upward pressure on price. "

This is amazing and it is the case

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