Since this week, BTCUSD have gained a beautiful +20%.
I had this perspective in my older post :
We saw huge sell pressure on the BTSBTC last days which gave us suppressed price but yersterday we saw a huge volume appearing after 0h00 UTC. Why ? Well if you add 4h macd, once neutral, turning in the bullish zone to this :
We might have an hidden inv SHS too here but i will wait pattern confirmation before assuming this.
i would say for now that our target in USD in 0.33-0.35.
I think newbie trader dont know this aspect of trading :
Example : if you have 1000 BTS worth 1 BTC, and BTC is worth 10 000. Then your 1000BTS worth 10 000$. So if you trading your BTS for BTC you will end with the same amount in USD.
If BTS stay phasic with BTC and you have 1000BTS. BTS follow BTC, 1000BTS now worth 1.2 BTC and BTC now worth 12 000$. If you traded before your BTS for 1 BTC before you will only have 12 000$. But the holder will have 14 400$.
Thats what the BTSUSD charts shows us. Holder is more richer than the one who sold (which make suppressed price on the BTSBTC pair) earlier this week for BTC. While BTS holder made 75% (in USD) since point C and BTC made +50% (in USD).
So trader sold one of the fastest blcokchain tech for BTC and accuse losses. This is great to hear but i dont know if they have the capacity to see these things since they looking for quick gains.
Bình luận
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or more easier to understand this way : look BTC is up 8% today while BTSUSD is up 11.4%. exactly want i wanted to explain previously.
If you are interested in me making a video on how to use/vote/etc on DEX. vote +1 here. if there is enough interest i might consider recording a tutorial.
_ArjunA_
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@simonmercier, yeah, do it.. more people should see that a solid decentralised option is out there, already working, now. :)
MaxL82
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Do you see possible impact of EosFinex on BTS in distant future ?
UnknownUnicorn1540828
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@MaxL82, Yes. Competition is 'always' positive. Many example that i could use are around us in the nature. Competition tend to ameliorate the actors in competition to survive. I see EOSfinex as an occasion to DEX to shine and use his well established trusted technology to emerge as a EOS competitor.
In fact, I talked with some BTS core team and it seems that they have planned many things for the upcoming EOSfinex.
In a other perspective, I see the entrance of a new player as a chance to attract more people toward DEX. People gonna get interested with this decentralized exchange concept and will look for options eventually leading new users to DEX. Its like saying 'choose your side'. Remeber when you entered crypto trading ? The first most of us did was to look up for differents platforms. I expect that the same psychological procedure is likely to happen with decentralized exchange EOSfinex eventually leading to more exposure for DEX trusted technological superiority.
MaxL82
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@simonmercier, Interesting thoughts. Exciting time ahead :)
Thnx
_ArjunA_
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@simonmercier, Hey have to agree here. In any case BTS is a Larimar project, just like EOS. Any success EOS has (as platform for EOSfinex, for example), is bound to rub off on Bitshares. Bitshares is the original and a proven survivor. The other interesting thing you touch on, is the fact that people complain about the many issues surrounding centralised exchanges, yet, baulk at moving to the use of decentralised exchanges. The irony here is that one of the main premises of crypto at large is decentralisation, yet, ppl will happily trade the coins (like BTS) but don't use them for the decentralised purpose it was developed for. I'm thinking, this year ppl will shed the 'training wheels' so to speak, step out from the 'safe' and familiar, and actually explore using the Bitshares DEX. Here's hoping in any case :thumbsup: