bitshares price discussion
Bitshares hit a low of 0.0000073 in Polo.. How low should the price go before there is some buy support? Why bitshares is such in a free fall? Such a shame...Could it be that most of bitshares are owned by the exchanges so essentially bots are just doing trading and not real humans? Don't you think it is time to take control of your money, withdraw from exchanges and short sell some bitassets in the DEX?
I've been buying (but through blocktrades.us - I learned my bitter lesson about centralized exchanges a long time ago).
Now that bitcoin halving is in the past, ethereum has stabilized, nxt and nem pumps are over I think it is bts turn for a huge pump. And to be honest bts has been falling for the last year even it is one if not the most amazing tech out there..I think it is way undervalued and is the only one that really deserves a rise to $100 mil market cap now. I am curious to know what everyone else think.
I don't think it will stop there 100k). When the MC will grow it will draw attention, in the case of BitShares it mean people discovering a new economical funccional tool. The fastest and one of the cheapest blockchain out there where you can actually already do stuff. It's not a project that will allow you to do something in the future, it already is. Ethereum and Steem hit big MC because they are able to serve a purpose, nowaday BitShares is the third one of the list.
As it is a economical platform it will probable go much higher... the crypto world is in desperate need for a crypto bank, decentralised and great with an exchange. Well, let's see what will happen when they discovered it exist and there is already thousands of operations daily in it ...
Short sellers have been rekt again and again... it is painful to watch :(. The BTS price dumps each and every time BTC goes even a little up. Speculation breaks all the nice things.
It depends what short sellers actually shorted. If you look at BTS chart in USD (http://coinmarketcap.com/currencies/bitshares/) you will see that our bottom price hover around 0.0030$. It goes up from there and get back down with a little increase. If short sellers would have short at these low prices, they would have win a big deal if money repeatedly. The prob is that they short when BTS went out (2014) and was overpriced and started to go down slowly, shorting in a down tend is dangerous. BTS is not responsible for bad trading decisions.
I think until all vested shares are released we will not see something significant...
Add to that that many of the supporters are shifting to STEEM and you get the picture...
I would expect better performance if trading on the platform gets more user friendly... I think some details could make the difference ... we are really very close BUT not THERE...
bitshares is solid . However , there is not enough dream.
In the long term , somewhere in the timing , it should be growth
I think that eventually this will be an historical post. In the future people will hit their head in the wall for not buying at these levels. The question is when in the future?
I believe that bitshares ecosystem has evolved a lot the last couple of years. People forget usually the history...When bitshares was valued at $80 mil market cap there were c$1 mil bitusd in circulation. Currently there are only c$100k bitusd in circulation. I am not going to go more deep in this but bitshares only need a whale(s) to create again $1 mil bitusd or bitgold or bitbtc and then I think that bitshares market cap will be much more than $80 mil. People dumping at these levels should consider that this creation of bitassets may happen very sudden within hours and then you may forget forever the current low bitshares market cap. It may also never happen..Who knows?? I guess we will see..
Very true ;)
I've sell my NEM at 56sato, today it'is 1470sato.
This will never happen again!
And I think BTS have more potential.
It's a chicken-egg problem with trading, isn't it? A huge spread is a showstopper for anyone willing to speculate and trade on the DEX. Maybe it will help when everyone sets up their liquidity-bots.
Huge spreads can present huge opportunities, too.
The spreads really aren't too bad as is for the 10 or so most popular assets on the exchange. There has already been major growth.
I think it is time to revisit this post now...
Bts price has been holding steady in $ terms since when I first opened this thread but now there is a small difference since then...Exchanges hold less bts now... Without being 100% certain, I think that a lot of bitshares moved from Polo to BTC38.
Considering the DAO and Lisk buzz and btc rise, I think that bts keeping its value in $ terms is quite bullish don't you think?
Come on people let's reduce the external exchanges holdings, short some bitassets on the DEX and create some buying pressure..After all it is more secure to keep your bitshares in your private wallet rather than in exchanges and the process of moving funds is very easy and very fast. It is not like bitcoin that confirmation take ages and you may miss any opportunity..Transfers in bts happen within seconds (or minutes until the exchanges credit your balances)..
Tether market cap is now c$6 mil.. To me this means 2 things:
By withdrawing bts that you do not trade from centralized exchanges we create buying pressure and increase bts value.
Please consider providing liquidity in bts DEX so our investment can grow...Just use external exchanges only for few minutes buy or sell and anything you don't trade withdraw it..
I hope I am not correct in my prediction but Goxes are coming..
I think this low price is fine for now. It lets people accumulate. On 5th November there will be no more vesting shares, which will decrease selling pressura (700k bts/day). Plus we have Moonstone on alpha now, could be ready by then. bitCNY has some liquidity now, maybe if the same is done to bitUSD we coud have more liquidity there.
I hope you are right but I think that nothing will change on the 5th November. The dilution from vesting shares I think is already priced in..Actually I think it was priced in a couple of weeks after the merger where the market cap dropped from $80 mil to $60 mil and then kept dropping since then. It is like people who expected that the bitcoin halving will sky rocket bitcoin.. The halving was priced in when bitcoin rose from $250 to $750 the last six months I think..
However, I do agree that moonstone, bitcny liquidity, more bitusd liquidity are factors not priced in at the moment and hence I think that bitshares are way undervalued..
Also people forget that once peerplays is launched and bitusd and other bitassets are accepted for payment, those bitusd will be created by short selling and hence increase bts demand and value.
Another thing that I think the market hasn't valued yet is @kencode POS..This will make also a great difference..
Steemit is also a factor that may influence bts positively.
Finally I am pretty confident that bitshares will not go way anytime soon..A BIG whale will soon realize the capabilities bts offers and then nothing can stop bts for huge increases in market cap.
I sometimes feel so unlucky having discovered bts long time ago and holding for so long shares that I bought way too expensive compared to current price..
But then I think again and realize how soon in the game we all are and believe that these prices won't matter in a couple of years when 1 bts will be min $1..I think that this will happen way sooner than many people believe and when this happens it will happen so suddenly and most people will have missed the opportunity for cheap shares the last 2 years..But then it will be too late..When I think positively about the future, I am happy again :)
If you think about it btc was $0.1 and went up to $1,200 that is x 12,000 higher
The lowest ever of bts so far is $0.0025 for a very short period and the highest so far was $0.05 for also a very short period.. For bts to go to $1 is only x400 the lowest price or just 20 from the highest price so far..People investing and utilizing crypto and especially bts is very very small compared to the whole population. A world population that will definitely find more useful to hold pegged bit assets in a decentralized bank safe in their home..
Bts will rock the world sooner or later. Come on people get on board before the train leaves..
Many people start saying that bts got pumped since yesterday because it is 0.00001btc. I personally believe that this may be due to peerplays snapshot of 5% peerplays to bts shareholders that keep their bts out of the exchanges. This is a great decision from @peerplays well done, since will decrease the available supply of bts in external exchanges, even for a short period.
Having said that I believe that bts is still way undervalued. bts is still on the 19th rank in coinmarket cap..We still have plenty of room for increase ihmo and hopefully great things will eventually come..Believers should just hold on, traders should trade the volatility but be careful not to lose the train and your bts..Do not treat this as trading advice. Most of the times I don't know what I am talking about..lol.