BitsharesX is taking Litecoin and Bitcoin down

[Luckybit]

Lol 99% volume from China, no thanks.   Inb4 Chinese Government Ban.  Inb4 Chinese dump.  Inb4 butt hurt.

http://coinmarketcap.com/currencies/bitshares-x/#markets

Were you saying that when Chinese volume pushed Bitcoin to $1000?

Also Bitshares is dump resistant. When you dump in Bitshares it's called dumping into BitUSD. BitUSD will actually pay interest to encourage people to dump into it rather than fiat. That means it's very unlikely there will be much dumping once people figure out how Bitshares is supposed to be used.

Early dumping might take place if people don't believe in the technology or if they don't understand how to use it. If this happens then there will be plenty of demand to buy those shares up (trust me on this). There are plans to create that demand which you will see in the coming weeks.

[1714149391]

1714149391

[1714149391]

1714149391

[GaltReport]

Lol 99% volume from China, no thanks.  No wait 98% today, my bad.  Inb4 Chinese Government Ban.  Inb4 butt hurt.

http://coinmarketcap.com/currencies/bitshares-x/#markets

Quit trolling and provide some actual facts besides your clearly biased opinions.  BTer, BTC38, and just recently added Poloniex are the only exchanges with BTSX at the moment.  Also, think about the BitUSD market feature that was just added today.  If you feel the price of BTSX will crash you can simply trade for BitUSD WITHIN the client itself which is pegged to the dollar.  No more will you have to trust your shares on an exchange, this is a significant step forward decentralized trading.

Rather its BTSX, Nxt, or the next 2.0 tech at least the boundaries are being pushed.  Succeed or fail it's nice to see people stand up and push the btc ideology.

 

so true

Agree 100%

[Luckybit]

So what are you guys doing? Are you going to continue holding Litecoins and Bitcoins or are you going
with the newer more innovative technologies?

Bitcoin -- holding
Litecoin -- not holding
Innovation i.e. BTSX -- bullish

Tell me whether or not you would hold actual Bitcoins if you could hold BitBTC which pays you 5% interest to hold it?
At that point it would be profitable to sell all your Bitcoins for BitBTC.

Do I expect Bitcoin loyalists to do the rational thing? No I don't. Do I expect people who don't understand Bitshares to understand why BitBTC is better than regular BTC? No I do not. I also don't expect most people to understand why BitUSD is better than USD.

But it is a fact that certain technologies are better. Bitshares is better than Bitcoin and you can look at the source code to see why if you're inclined.

Also Bitshares is still under priced. It's going to surpass Litecoin and be over 10 cents in a matter of hours to days. From there eventually there will be the launch of BitLTC and BitBTC with interest. Finally there is a project I'm promoting and backing called Minebiteshares.

Bitshares will be mineable and that will shock the mining community. Be prepared for surprises if you're a long term holder.

[GaltReport]

Lol 99% volume from China, no thanks.   Inb4 Chinese Government Ban.  Inb4 Chinese dump.  Inb4 butt hurt.

http://coinmarketcap.com/currencies/bitshares-x/#markets

Were you saying that when Chinese volume pushed Bitcoin to $1000?

Also Bitshares is dump resistant. When you dump in Bitshares it's called dumping into BitUSD. BitUSD will actually pay interest to encourage people to dump into it rather than fiat. That means it's very unlikely there will be much dumping once people figure out how Bitshares is supposed to be used.

Early dumping might take place if people don't believe in the technology or if they don't understand how to use it. If this happens then there will be plenty of demand to buy those shares up (trust me on this). There are plans to create that demand which you will see in the coming weeks.

Key point in bold.  One of the main reasons you can still get in now.  I've been following BTSX development for months and only NOW do i see how it can be used and am going all in (with a little BitUSD for safety).

[tonyk]

I encourage everybody to dump massively now. After all a lot of my friend are not fully invested yet...Good to see you all here guys.

[mbaeichapareiko]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!   

[tonyk]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!   

Mine was about 2h ago! 

[jl777]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!   

Mine was about 2h ago! 

hey tonyk!
ripple got desperate and they just released another 20 billion XRP to leap frog to #3.
magically the price of XRP didnt go down

why is bitshares PTS so much lower than btsx? I thought PTS was the source of all this?

James

[testz]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!   

Mine was about 2h ago! 

hey tonyk!
ripple got desperate and they just released another 20 billion XRP to leap frog to #3.
magically the price of XRP didnt go down

why is bitshares PTS so much lower than btsx? I thought PTS was the source of all this?

James

Price of PTS will be higher before next snapshot.

[jl777]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!   

Mine was about 2h ago! 

hey tonyk!
ripple got desperate and they just released another 20 billion XRP to leap frog to #3.
magically the price of XRP didnt go down

why is bitshares PTS so much lower than btsx? I thought PTS was the source of all this?

James

Price of PTS will be higher before next snapshot.

but why is PTS 5% of btsx? Is there some direct financial linkage between them?
I am interested in the analysis of the proper ratio between the two

[kingscrown]

BTC and LTC cannot die for at least next few years and will stay on top

[tonyk]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!  

Mine was about 2h ago!  

hey tonyk!
ripple got desperate and they just released another 20 billion XRP to leap frog to #3.
magically the price of XRP didnt go down

why is bitshares PTS so much lower than btsx? I thought PTS was the source of all this?

James

Price of PTS will be higher before next snapshot.

but why is PTS 5% of btsx? Is there some direct financial linkage between them?
I am interested in the analysis of the proper ratio between the two

Not one I can think off, at this point in time.

[btcprice]

lol joke thread

It's not a joke. It's also not an accident that Bitshares has over $100 million dollar market cap.
People who know how Bitshares works and what it is will never need Bitcoin again. BitUSD is better as a currency than Bitcoin could ever be. Volatility is dramatically minimized, no reason to cash out into USD anymore so there is no reason to dump, and it pays interest.

This is exactly what I was looking for. I, for one, think the price of BTC will be going down. I mean just look at the downward trend since the beginning of June. Yes, I believe the price of BTC will eventually recover but not until it suffers a significant downturn.

Enter BitUSD. Now I don't have to cash out my BTC into my checking account. Instead I can invest in BitUSD!

[jl777]

There was a contest to predict the day btsx would surpass litecoin in market cap.    The prediction i made was this sunday however it looks like it is poised to blow past litecoin a lot sooner than that!  

Mine was about 2h ago!  

hey tonyk!
ripple got desperate and they just released another 20 billion XRP to leap frog to #3.
magically the price of XRP didnt go down

why is bitshares PTS so much lower than btsx? I thought PTS was the source of all this?

James

Price of PTS will be higher before next snapshot.

but why is PTS 5% of btsx? Is there some direct financial linkage between them?
I am interested in the analysis of the proper ratio between the two

Not one I can think off, at this point in time.

too bad, I would have bought 1% of it if there was

[TaunSew]

When did Ripple retain a $100+ million capitalization?  I thought it was hovering around 40 for awhile.   Did they perform some stimulus / bail out of their own?   

[instacalm]

When did Ripple retain a $100+ million capitalization?  I thought it was hovering around 40 for awhile.   Did they perform some stimulus / bail out of their own?   

Yeah kinda, https://bitcointalk.org/index.php?topic=757131.msg8534946#msg8534946

[TheMage]

So im not knocking this "coin" (or whatever it is called. Assets maybe? I havent researched it yet), but im really curious.


Available Supply   1,999,992,536


Are all these coins in circulation right now? Nearly 2 billion are on the open market...right now in this instance in time?

[lucas2047]

I'm having trouble registering my account (and thus being able to buy any BTSX). Please may someone send 1 to: BTSX5rbbxgCW4RvuGhM6H6KZAT483kjRLtbvHV8D4T4pway5bSxa2Y

Thank you in advance

[tonyk]

I'm having trouble registering my account (and thus being able to buy any BTSX). Please may someone send 1 to: BTSX5rbbxgCW4RvuGhM6H6KZAT483kjRLtbvHV8D4T4pway5bSxa2Y

Thank you in advance

Post it here: https://bitsharestalk.org/index.php?topic=6439

Actually, I just sent you some....

[iCEBREAKER]

http://prestonbyrne.com/2014/08/17/dont-walk-away-run/

BS^x is dead.  Preston just killed it in that article.