BitShares – This Could Be It!

in bitshares •  7 years ago 

Look out if you’re still waiting to buy some BTS – this could be it! We just might be seeing another round of lifetime lows that will never be seen again, and when I say lifetime lows, I mean BitShares might not ever trade this low ever again. It’s possible. More than that: it’s probable.

BTS-USD22022018.jpg

Remember, though, you never know, freaky things can also happen too, so better be careful and not bet the farm on it. 😉

Seriously, greed is bad, and margins calls too. Got to invest what one can, and no more than one can lose.

This is not advice or recommendation of any kind, just a fun sort of musing.


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Hi @cryptographic ! Could not agree more with you! I remember when you mentioned the same when BTS was at 6 cents, and this was 5 months ago perhaps? And you were very right! Now its the same.

Good for the ones that got bitUSD on their accounts! I would be buying more and more BTS at this discounted price.

As you say, DYOR (do your own research), before investing. This is by no means a motivation or call to start buying. It of us are responsible for our actions.

Thanks for sharing this thoughts!
Regards, @gold84

Thank you for this advice, last time I didn't followed it, but now, I really will try to follow it and buy at least a few BitShares, not to miss this one too. Hope it will be right again :D

@cryptographic,
I also bought BTS at lowest (few weeks back) and HODL for a long run!
bts.jpg
https://coinmarketcap.com/currencies/bitshares/

I am little bit confused about these two figures!
Circulating Supply: 2,609,240,000 BTS
Max Supply: 3,600,570,502 BTS

If 3,600,570,502 BTS is the max supply, the demand for this coin will grow higher! But I have doubt about this Max Supply Figure!
Chart analysis shows this is a good buy call! But I wish to get an idea about this Max Supply Figure to identify how worthy our investment there!

Cheers~

  ·  7 years ago (edited)

Remember, though, you never know, freaky things can also happen too, so better be careful and not bet the farm on it.

Haha, epic disclaimer, but I feel you're right though; this is such a huge opportunity right there, one which is probably never going to happen again for a long while. I bet a few months from now a lot of people would wish they had received this kind of advice and gotten Bitshares right now.

Seriously, greed is bad, and margins calls too.

Lol. Epic. Thanks for the tip as always.

Oh and I just read your post about the Dos and Donts and I freaking loved it. I've seen so much spams on some quality contents and it just hurts when I get lost below them, leaving me no choice but to upvote myself, and sometimes that isn't even enough. I think when/if I gather a lot of SP myself I'm defintely adopting your rules. Wish I'd found you earlier.

I really hope we don't enter a slow price action period for a couple of months, similar to August through mid-November last year. Would hate to see prices grind lower forcing weak and impatient hands to liquidate before making the next significant move up. Let's see what mother market has in store for us. Stay nimble, be patient, and hodl!

Perfect analysis and it seems that now is a very convenient time to buy. According to the existing correction, it is clear that the game of bears will soon end and the price increase is not avoidable! Thanks @cryptographic for the suggestion!

Снимок.PNG

Thank you for your warning. I fully agree with you. At the present time it's better to check everything a hundred times. To listen to analysts, to check the graphics and only then to take a decision. But as they say, "Who does not take risks, he does not drink champagne" :)

Okay, interesting crypto to cover. There is logic behind your analysis, but I always try to make my analysis as simple as possible. At a first glance I see that BTS is below all moving averages, even the 200-day SMA (which for me is one of the main indicators) Another thing is that BTS did not react in any way to the recovery in BTC, which shows relative weakness. If I had to make a decision for this one, I would definitely wait for some confirmation.

Although a very solid crypto, the price action is not indicating a bullish scenario. Thanks for sharing your point of view, definitely an interesting crypto. Will be watching it closely :)

  ·  7 years ago (edited)

It is evident that BitShares has high expectations to live up to. More specifically, it needs to deliver products which will appeal to the masses. First of all, the team focuses on price-stable cryptocurrencies. These include bitUSD and bitCNY, though there will be others. These so-called Smartcoins are designed to be pegged to fiat currency or assets in one way or another. It is an interesting way of transferring value in a decentralized manner, although none of these currencies have gained any major traction as of right now.

Lastly, BitShares uses the Graphenetechnology. As a result, the project is theoretically capable of processing 100,000 transactions per second. There is also an option to set up recurring and scheduled payments, which is something that is pretty much impossible when it comes to Bitcoin or other major cryptocurrencies right now. Perhaps one of the more impressive aspects of this project is how it allows for regulation-compatible crypto asset insurance. That alone could bring a lot of positive attention to BitShares in the future

https://themerkle.com/what-is-bitshares/

I agree with you @cryptographic . I think this is the bottom . We should take advantage of this crypto sale .Decentralized exchanges are the future . This will prevent us from hacking like MtGox , Btgrail etc .

The traditional way of buying and selling cryptocurrencies on an exchange is to convert your coins to and from fiat currency. This means that every time you want to buy or sell cryptocoins, you lose the anonymity inherent in the cryptocurrency and blockchain platform.

While centralisation is understandable (exchanges have a need to tie cryptocurrency prices to real-life assets like USD or gold), there is also the need for a more decentralised, anonymous system, and that’s where BitShares comes in.

The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by converting those coins into another cryptocurrency whose value is pegged to a real-life asset (for example, BitUSD is tied with the value of USD). This has quite a few advantages over regular exchanges (and some disadvantages as well), as we’ll see in the next sections.

Source https://www.finder.com/in/bitshares

I agree with your suggestion, be careful
is the best option because all of these things could have happened outside the predictions, not only bitshare, but in all crypto!
all could be changed due to change of direction difficult to predict especially for beginners like me!!
post you contains valuable information, advice and suggestions.
I understand it. thanks @cryptographic for this 3 point

Thanks for the advice! I was thinking about buying some bitshares like a week ago, but I got into some other coins. Since I got some spare money (that I wouldn't mind losing), I'm gonna get this coin!
I think bitshares has great potential and holding it for long term is a good idea. We can never know how high the price could go up!

Like with most cryptocurrency projects, the investment story for bitshares focuses on the success or failure of its platform. BitShares has been around since 2014 developing its platform that allows users to digitize “real world” assets and trade them on the blockchain in a decentralized manner. If the digitization of traditional assets and securities becomes industry standard in the financial industry and if BitShares manages to become the go-to platform for this, then the value of bitshares (BTS) will skyrocket.

With all the theories going on with insider trading with Coinbase, exchanges pumping prices, and future government regulations, it’s just a matter of time before people start losing trust and faith in the centralized exchanges (especially if these theories are true).With BitShares DEX, since the whole exchange is decentralized, these problems are eliminated.I see this being the future of the crypto market that could actually be adopted by large banks and used in the future.The price wont be this low ever again , don’t miss out because I think this coin may go over $100B+ market cap someday putting it at about $60+ a coin. A $1000 investment would be more than $100,000 if it reached that high.

Lol really bro? Copy and paste my comment from forever ago? I guess it’s still true though, still having high hopes for BTS

I collected this info in December by researching about Bts in internet , not from steemit . If you got something with this info then why don't you make more post ? Your account is so inactive , your comments are only for praising TA analyst . Be more active on steemit bro .

Share your knowledge here and help steemit community understand Bts .

All I’m saying is that was my comment I posted on Haejins post awhile back, like literally word for word.

Don’t come out attacking my account and telling me what to do, ya fuckin idiot

Lol good one .

I do not profess to be a technical expert, but isnt a head and shoulders pattern bearish?

Wouldnt we want an inverted H&S?

Or am I mistaken?

Only bearish if it breaks lower. If the neckline holds, it can turn into a very bullish continuation pattern. One great recent example is the S&P 500 from Oct 2009 to Sept 2010. That one was complete with a bear trap, false breakdown that immediately reversed higher.

Learned from last time after I missed the huge dip by 1c lol. My remaining BTC to BTS got filled at 25c! This was after purchasing at 80c, 32c and now 25c. My hands are bloody but the fundamentals look good, and happy to hold long term. Let's see how far we go!

It’s okay man we all have bad buy ins but BTS will be $1+ before you know it :)

Excellent chart friend and i agree with your thoughts that we might not see BTS again at such low price and i think buying BTS at this dip and then hodl it is a wise decision, thanks for telling us about this buy opportunity friend, i am on my way for grabbing some more BTS, Stay blessed

Hello @cryptographic,

Extraordinary good market analysis & this is how I read the above BTS/USD chart of Poloniex.
Stoch RSI says = BULL
MACD says = BULL
RSI says = BULL

More than that, the market dropped significantly, it meant a BIG BULL is awaiting. Your extraordinary good analytical knowledge captured the market movement incredibly.

~@mywhale

@cryptographic - Sir it's very helpful... I was little worried, I didn't hear your crypto analysis in last few weeks Sir... But today you provided a valuable input... Sir I'm thinking to keep BTS until end of this year... What do you think Sir? Is it a wise decision or shall I move to EOS? Your suggestions are more valuable than signal services Sir... Nice you decided to share this valuable market update Sir...

+W+

The BitShares blockchain platform allows users to convert their cryptocurrencies to stable assets by converting those coins into another cryptocurrency whose value is pegged to a real-life asset (for example, BitUSD is tied with the value of USD). This has quite a few advantages over regular exchanges (and some disadvantages as well), as we’ll see in the next sections.

What next sections?

While centralization is understandable (exchanges have a need to tie cryptocurrency prices to real-life assets like USD or gold), there is also the need for a more decentralized, anonymous system, and that’s where BitShares comes in.

Alright. I guess when you said "another round" it meant this has happened before. I'll be sure not to miss out on this one. Thanks for the tip. Wish I had something real techy or erudite to comment, but I don't, and the only reason I'm commenting is cos I saw your previous blogs and I know you reward honesty + to let you know I'll take your advice. Cheers.

Well thanks for the tip. I hope it remains like this for a while, at least until I can afford some. I doubt it will, though. Once again thanks for the tips. Oh and I read your dos and donts. Brilliant stuff. I also hate clutter so much. I guess that's one of the advantages of being a minnow. No spammers. I'll be sure to check you out more often, and you can be sure i'll never spam!

well i was thinking about that

I follow your BTS's analysis reguarly..Congratulations to the people who invested on time one week ago, when the signal appeared !

If ProtoShares,..... I mean Bitshares 1.0...... I mean Bitshares 2.0...... or whatever your name flavor of the month will be when you read this, is such a leading tech then why did Bittrex drop and delist it in October 2017???🤔🤔🤔🤔🤔

I think that was a preemptive competitive move on the part of Bittrex. In fact, they never explained why they did it.

I respect your thinking

Please listen to me, here is the technical analysis that confirm my fundamental analysis on #bitshare!do not buy stupid crypto pumped by marketing and only based on whitepaper!Choose seriously your investments! Do not risk on hype!
If you consider Bitshares a "decentralized" blockchain I have some news for you, its not. The whole system and anything issued on top of it runs on a grand total of 13 servers. Look for yourself: http://status.bitsharesnodes.com/

Those servers are voted on by all BitShare holders, and anyone can bid to run one. Everything there, from servers to work proposals are controlled by the community as a whole. It is decentralized at the base, and centralized as needed for efficient opperations. Just like any successful organization, delegation is an absolute must. The difference between centralized and decentralized in this context is the difference between top down command and bottom up control.

Thanks for saying so @cryptographic. I appreciate you

That’s still more decentralized than every other exchange out there.

Wow, important update. Which I can get some and explore

Bitshares can't compete with Ethos

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if this could be it i am running straight away to the exchange to set the correct bid to buy it thanks for sharing :)

This post has received a 1.03 % upvote from @booster thanks to: @cryptographic.

Let's hope so! I'm down quite a bit (almost 1 BTC) on my margin trade. I'm betting big on BTS.

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This post has received a 34.81 % upvote, thanks to: @cryptographic.

greed is bad but when you have done such great analysis i don't think its wrong

bitshares is a cool project but the prices are insanely low great time to hold it

That's very valuable advice. By the how do you make that triangle to predict the price?

good i was thinking about that. thanks for the share.

Thank you so much for sharing this information. IT will help all steemians a lot.
Upvoted & resteemed .

But I think the 5th wave has not completed yet and after 5th wave there will be A-B-C correction and then the next leg will be forming. So I think we have much more time and who knows...before the fifth wave completes it may bring 0.15 usd per BTS which is pretty good level to buy.

But I do agree that this will be the beginning of the larger uptrend and those who are looking for a target of 2 usd or more should not wait more and those who play short term can wait for some more time.

My take on BTS is that in 2018 it can go upto 2.4 usd per BTS at least and I have my own analysis and reservation to say this.

Thank you so much @cryptographic and Have a great day.

i'm impressed by reading this article. i already invested $200 on bts & bought around 400 bts coins. no hope to sell it, once @stan 'the god father of bts' said bts is the future bitcoin. therefore, collect more, this is a sale (discount) price of bts. excellent market analysis @cryptographic

@resteemia

Thanks for this advice and perfect analysis of the current scenario great time to jump in to buy more :D

great post thanks for your sharing..

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this is the bank of the bank. arise bank ceosu jared rice sr. he says he has a few steps left for a decentralized exchange that will give him the right to be heard. on the other hand there are those who say that the bank is pure speculation. there is no concrete step when the objective is looked at. I have already seen ripple like 4 dollar levels.
I do not know what kind of tactics are being followed, but they will increase their expectation of personal opinion and play a finger honey in their mouths. Like ripplein atm videosun.

Is it the perfect time to invest!?

GDAX expects its combination of margin trading and regulatory compliance will attract hedge funds, high net worth individuals, and market makers like Cantor Fitzgerald. Down the road, White thinks digital currency will also attract investment bank “whales,” and that the likes of Goldman Sachs and J.P. Morgan will set up dedicated trading desks for bitcoin like the ones they have for oil, gold, and other types of foreign exchange

@cryptographic great article,Wow Jerry that was a lot of work, thank you!
##Upvote/Resteem###

I agree with you ... but I never bought Bitcoin
i will try buy btc ...
thanks for your creative blog
2494q5.jpg

It's an excellent coin for me and I wish her luck
Stability of the currency "bitshares" in the market:
This currency has the advantages of "bitcoin" and it is also able to maintain a price tie with the adoption of the alliance with international currencies.
It also has an incredibly high utility that is commensurate with the trade.
All of this has been achieved in Bitshares, thanks to which stable assets have been reached in the market.
Smart currencies will be displayed as a source available to everyone through the slow, tight and frequent banking system.
The commonly used and commonly used currency pairs will enable trade decision making with ease and ease, and will also reduce the need for capital gains account and losses in fixed assets to determine the extent to which taxes are subject to taxation.
Thanks for sharing the information

Hi Sir. @cryptographic
It's really amazing that most of my attention is distracted by its advantages
The most important feature of the currency "Bitshares" are:

Performance and progression:
The platform is capable of handling 100,000 transactions in a second and more with minimum optimization.
The decentralized asset market allows users to trade in a fully decentralized exchange.
Dynamic account permissions All accounts on the platform can be set up to be controlled by different accounts, which reflects the hierarchy of permissions in real life organizations, where money can be controlled by several people and this hierarchical control of funds creates a less vulnerable environment for theft or piracy .
Bonus Program: Blochen has a built-in referral program that provides incentives for users to bring new people to the platform and increasing the amount of users strengthens the security of the entire network and increases its market value.
User-issued assets: Users on Bitshares are able to create their own custom codes eg enhance their business and facilitate group financing for startup.
Screenshot_2018-03-02-22-55-12-57.png

Direct your image from https://coinmarketcap.com
This price is $ 0.24 nothing for her will achieve in 100 times in the future it's very distinctive
Greetings, sir, I love this very much