Why BitShares price Up today? What happened?

[endaiin]

Why BitShares price Up so High today? What happened?

So many news...

is this news is valid?https://steemd.com/bitshares/@daut44/bitshares-price-rising-because-of-loan-rates

[mining1]

That's not really news lol. Since when lending tokens on exchanges is considered news ? Bitshares is pumped, nothing really going for it. It's founder, dan larimer, is a shady guy who starts one project every 1-2 years and then leaves them to die ( after he makes tons of money ) and go for the next one, and so on. Aka a scammer. Really no excuse to jump from bitshares, to steem and then to another project with first two not even working properly.

[nizamcc]

Bitshares seriously had nothing for real in news part, but yes as mining1 said it's been pumped.
And for your kind information, I would like to let you know that all alts are currently reaching and some are also breaking their All Time Highs, so I would like to draw everyone's attention here that BTS started from 18500 and it never reached there back again. So, I think that there's still a chance for BTS to go there as well as make it up for itself. Go grab it.

[endaiin]

Someone really have much resources to pump it.
Look at the volume and market cap Today.
How many BTC can pump the price like that?

[SONG GEET]

Someone really have much resources to pump it.
Look at the volume and market cap Today.
How many BTC can pump the price like that?

Not a single person can make big pump like that, some hype have done the job and now it is already on dump.
Not fixed but when any of coin at buttom of trading chart makes big run upto top position, its sell time.

[Fantum]

Or this could be organic growth, it has had a steady rise for a few months, and decentralized exchanges are all the rage now. 10k sats could be the new floor. Personally I already sold out last month and not getting back in, unless it goes really low. There are better decentralized exchanges out there imo

[TKeenan]

Yeah I was curious as to what happened with BitShares. I've always had an interest in DEX projects (NXT/Waves/BitShares/etc.) but none of them have really accomplished a truly DECENTRALIZED EXchange IMO. Usually when you see a project like this get pumped so massively/quickly with zero news, it's either due to insider-info or just a massive pump/dump. No way to really tell for those of us on the outside honestly. Just consider yourself lucky if you were a holder, and dump it now before they do IMO.

[brekyrself]

Start reading ALL of the articles here: https://steemit.com/trending/bitshares

There is serious development building upon BitShares blockchain from outside businesses.  Do some research, you will see BitShares is a platform, not just a token.


Quick examples:

https://steemit.com/bitshares/@stan/hollywood-heros
https://steemit.com/bitshares/@stan/bitshares-hit-by-cat-5-miracle-of-heroic-proportions
https://steemit.com/bitshares/@stan/using-bitshares-to-underwrite-risky-asset-backed-currencies

nice weekly updates:
https://steemit.com/bitshares/@steempower/bitshares-state-of-the-network-6th-june-2017

Dan's interview about EOS which also covers quite a big of BitShares and Steem.
https://youtu.be/K6uR0A9cC5Y

Growth over the years:
http://cryptofresh.com/charts (this page takes awhile to load)


It's quite nice for a decentralized exchange/platform etc...  Think about OpenLedger how they flipped the exchange market to simply becoming a gateway and earning $$$.  https://openledger.info/

[YIz]

Pumps happen every other day. the holders make profit while the pumpers become wealthy. BitShares is the daily pump.

[brekyrself]

Pumps happen every other day. the holders make profit while the pumpers become wealthy. BitShares is the daily pump.

Pump or not, when looking at the technology and actual business use cases around BitShares, no reason it should not be in the top 10/20.  Compare it to the others.

[endaiin]

How they pumped?  my newbie opinion they collaborate with  Exchanger.