BitShares (BTS) Update: Attractive Buying Opportunity Approaches!!
SUMMARY
BitShares (BTS) is not a crap coin! One thing for sure is that it's not declining because BTS is a bad coin or a dead coin..not at all! It's called a correction. And a healthy one for that matter! My personal impression is that not too long from now, most cryptocurrency exchanges will be run on the decentralized platform. In fact, most exchanges, including the NYSE, NASDAQ, Nikeii, Kosdaq; etc, will be running on a decentralized blockchain platform which could become the golden standard. It would be priceless to see such a transformation of transparency!
The below chart contains slight updates to the prior Elliott Waves of the correcion that's in progress.The red a,b,c waves could be in based on the subwaves...however, this correction is too fast. It doesn't adhere to the "Hurry Up & Wait" syndrome of the Altcoins. The impulse waves (1,2,3,4,5) almost always completed with rapid movements and the corrections are near guaranteed to be slowere than molasses flowing uphill, outdoors in Maine in the middle of January! Yes, that slow with grueling churn of price at a slower pace than an ant walking a mile! So, I well expect this down wave to bounce and likely morph into one of the 36 corrective combinations.
This chart provides more of a bigger picture perspective. The Cup & Handle pattern is quite visible and how the current correction fits into the pattern. If the prior five waves (i,ii,iii,iv,v) represent wave 1 of a higher degree of trend; then the subsequent red a,b,c then represents the wave 2; it woudl naturally mean that wave 3 is in progress and the current rise and correction represents 1 and 2 of higher degree wave 3. Now that's exciting! The MACD shows a bit of oversold zone so a bounce could be visible.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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BTS
This is very painful
@kimjongpoo is coming for you!!
So is now a good time to buy BTS?Or should i wait at least a week?
I'm seeing how @aloha collateral is burned and I feel pain.
AriseBank CEO Jared Rice has confirmed announcement will happen today of buyout of 2 banks. If you have bts HOLD and stop selling. If you have reserve coins buy bts now before the boom.
i like bts but what about this
https://medium.com/@aenigmacapital/investor-warning-arisebank-ico-strategic-partnership-with-bitshares-is-a-scam-96b8b473a61d
lets do some digging. that was only 1st page of a google search lol. Seems like scammers are trying to take advantage of hype. I like bts idea but if they are involved too I might, heck I'll probably still trade it because none of this shit means anything. We all speculate on price and could care less about any fundamentals. 95% of coins have no fundamentals anyway, barely even got working mvps or profit producing products.
Time will tell regarding ARISE. There are enough people claiming "scam" without evidence. These guys want/need to hold their info close to the vest and as a private business, they are entitled to. I can see how a community built around open source would react negatively to this strategy but at the same time, let's give them a chance and see if they can bring other assicated businesses up with them. I won't buy the coins from their ICO at $1.45 but I will buy them on the secondary market after all this FUD hopefully drives the price down and they show some actual working product.
Ouch. Thank you for this... very sketchy. .. And I was just about to buy some today. The article doesn't say much about BTS other than they openly state they plan to "do business" with these aparrant frauds. That doesn't reflect well on Bitshares, imo
HODL BTS!
I'm so happy the price has come down so much. I had FOMO after selling way too low and now I'm back into a MAJOR position!
HODL HODL HODL HODL !!!!!!!!!!!!!!!!!!!!!!!!!
Looks like a great opportunity to buy more. thanks for the update as always!
@kimjongpoo is coming for you!!
Slower than asmatic ant walking uphill.....carrying heavy shopping!
This is a surreal opportunity to buy BTS! If I knew how to invest fiat money into it, I'd buy thousands of dollars worth of it today!
Thanks for the heads-up anyhow... Namaste :)
www.coinbase.com
Why don't you just get some crypto that is easier to acquire with fiat, and then trade those for some BTS? ^-^
it is easy....
bitshares.org
try online exchange
create account
click account name
click deposit
select btc or whatever
wait for ur funds to arrive
go to exchange
select open btc market tab
click BTS on the tab
buy dat shiit
Getting BTS when you first have a crypto is easy enough. OP said he was missing a way of going from fiat money to BTS though. Then getting another crypto from for example Coinbase first seems to be the way to go. Soon we will probably be able to go directly from fiat as well, with Arisebank joining the BTS team.
Sorry if I'm missing something, I'm tired, but,
How do you get 700+ ATMs in 1100 locations?
Anyway .. YAY Bitshares !
I hope they get 100 coins over there , then people will join !
Yes a bigger market is needed (bts volume is good) but it also offers things you can't get anywhere else.
Collateralise BTS for bit.usd loan and buying more BTS with it as a for instance. Time that one right and your laughing.
I'm sure smart traders will make bucks and move over.
Personally I'd like it to do well so the benefits can become a bigger part of my day to day portfolio and trading strategy.
What would be the interest rate on that loan ? sounds amazing !!
You are risking your BTS against market movements so there is that to consider.
I'm not going to try to sell the ideas here.
Probably best to take a look see in the help / guide.
Quite the eye opener.
http://wallet.bitshares.org/#/help/dex/shorting]
It’s interest free but if you do it just realise what you are risking because it’s very easy to move that collateral slider and get your self a maximised loan. I’m holding on by a thread right now..
Informative ! Thanks for your great effort for making this information! I will buy some . But bittrex is not providing buying service now .
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
HODL!!
The perfect meme!
Implosion is imminent:
To the moon! Thanks Haejin :)
Implosion or explosion ?
Implosion means that the matter is first "sucked in" (like a correction in crypto sense) and then massively explodes (like a coin going to the moon)! :D
Let's hope the explosion starts soon !
@haejin I dont know. TA skills are impressive. But is this the case of TA of like in the 90s' any stock u picked was bound to go up.
Where was TA during 14k showing EW correction all I saw was 17k or 23k btc. I guess Every triangle does not break Up as shown in every TA triangle TA post.
My observations