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Bitshares

BitShares / Bitcoin 6h trading I wanted to show a strategy that I used today. I'm still new to this and only used a few satoshis on this strategy to learn how you can make a small profit in a consolidation period. However to the chart: 1 - "Tunnel", Between those two lines the market couldn't decide if it goes up or down. The result in this situation are big bullish- and bearish-candles. 2 - "Buy", After every short breakout the price dropped to 11110 Satoshis. Everytime it hit this line I bought. 3 - "Sell", When I bought at 11110 Satoshis i set myself a sell order to 11250 Satoshis. Almost everytime it went up in two to five minutes and I sold. During this time I made four trades and gained about 4% profit. In conclusion I would say it is a very safe strategy with little profit. Often I sold within a couple of seconds because of my sell order. Let me know what you think about it!
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by whataboutnice
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BITSHARES minor decline?Looks like we may be in for a dip. If thats the case I'm looking for a great place to buy as I think we may see one more push to the top. Im compelled to trust this analysis as it coincides with what looks like a possible uptick in the price of BTC for what might be $3100-$3300. A great play wold be to buy BTS after the dip and then the highs into what might be a more BTC consolidation after its last leg in the BTCUSD cycle. Find the BTCUSD church attached below.
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by pato
BitShares (BTS)- An alternative to POLO?Bitshares hosts a decentralized exchange remarkedly similar to Poloniex. All the usual alts trade plus a few I have not seen before. There is an unmoderated chat room for those willing to put up with trolls, but there is no doubt everyone there is in one way or another interested in cryptocurrency trading. The recent difficulties and frustration with POLO and BitFinex among others is helping BTS find space in the niche. There are a host of other features as well. Automatic payments using smart contracts being one of them. As of this writing the market cap has more than doubled in two days to approximately 768,000,000. This is a lot considering after reviewing the website and searching the appropriate forums I find nothing 'new' to warrant the increase. Market Cap $768,223,275 272,588 BTC Circulating Supply 2,602,400,000 BTS In my opinion the coin is a short term buy due to the increasing awareness of the cryptocurrency markets and a lack of stable exchanges. In the future I expect to see the supply of reputable exchanges to come online to meet the demand from the crypto trading boon. BItshares is also in partnership with Steemit which is becoming rapidly known as a convenient way of loading debit cards from a large variety of banks in almost any country. (key word being in 'partnership'-- they are not the only one). This is a 'gold rush' coin. The product is good, they are doing everything right, and the decentralized exchange is certainly needed in the crypto community. However a double in market cap within 48 hours, lack of information of dilution of the currency and rampant speculation should encourage a cautious approach. In the longer term if the crypto boon continues it could be a very well placed investment, especially if it attracts anywhere near the number of users POLO enjoys. But is it worth a Billion USD at this point? It is going to be a few years before that question is answered. In summary, Buy for a trade, tight stop, and be ready to get out. Longer term it is a well put together alt coin with potentially great adoption rewarding those who can afford to average in and have a lengthy view. Sources: bitshares.org bitsharestalk.org steemit.com coinmarketcap.com bitshares.org As always my opinions are my own. CryptoCurrency investing carries a very high degree of risk. Do your research and consult a financial advisor before risking funds in speculative ventures. BTS
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by ljs411
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