Hertz currently at $1.14 (04/04/18) - will depreciate to $1.00 by next wednesday (11/04/18)!
Hertz has completed a full cycle in production!
Since launching Hertz into a production state on the Bitshares network, it has completed one full sine wave oscillation! It started out at $1.14, dropped to $0.86 then rose back to $1.14 over the course of 28 days.
Today the Hertz price feed sits at $1.14, by wednesday 11th April 2018 (7 days from now) the price feed will depreciate (drop) from $1.14 to $1.00, then the following week it will depreciate from $1.00 to $0.86, following the predictable sine wave oscillation:
Are you considering shorting the peak or have a hertz trading strategy you wish to share? Please do reply in the comments with your thoughts!
Hertz updates
- The Hertz whitepaper has been translated to Russian!
- Hertz has been integrated into btsprice by zapata42. Looking for witnesses who use btsprice to test out the changes to btsprice & the bounty will be paid. This will hopefully bring us from 11 to approx 14 price feed publishers for the Hertz ABA!
Hertz charts
@sc-steemit (BTS Witness: SC-OL) created an excellent real-time charting service for hertz, see:
Want to know more?
- Read the Hz whitepaper
- Check the Open-Explorer pages: BTS:Hertz market, Hertz:BTS market, Hertz Asset page
- Join the Telegram channel!
Best regards,
@cm-steem
Sehr nett, den Markt zu überwachen und Erwartungen aufzuerlegen, die auf sie warten, wenn ich hinunter gehe, also kann ich zum niedrigsten Preis kaufen, der dir folgt
Danke für Ihre wertvollen Informationen
Wow really interesting article @cm-steem! Its great to finally see some Hertz posts on steemit! By the way I really enjoy reading your posts! I post similar content on my blog, we should follow each other!
Statistical information about hertz ...@cm-steem
Will the rate of the hertz arise in between $0.86 and $1.14 ..??
If it is continue how to invest in hertz @cm-steem. and how to possible profit??
It'll depreciate from the current value of $1.14 to $0.86 in 2 weeks time in a decentralized manner.
You can trade it on the Bitshares decentralized exchange: http://open-explorer.io/#/markets/BTS/HERTZ
I can't offer financial/trading advice, but it's worth reading the whitepaper to understand the potential impacts of price feed oscillation.
Thanks @cm-steem for your helpful information
Here's a strategy: buy HERTZ whenever you can get it for less than $1.14, and then every month enter a force-settle that's timed to land right at the peak.
Because of the asymmetries in the BitAsset design (i.e., only a price floor is rigorously enforced), HERTZ might be expected to trade generally near $1.14.
Perhaps this has been discussed before; I haven't been involved in any HERTZ discussions since before it existed.