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SUMMARY
Bitshares (BTS) is to become the GOLDEN STANDARD for ALL Exchanges. A Decentralized Exchange will be the norm NOT ONLY for cryptos but also for NYSE, NASDAQ, Amex, CME...GLOBALLY!! This is NOT fundamental analysis on my part. I've already done my Price ONLY based analysis and am trying to communicate some probable news and events that could arrive to justify the forecast.
Below chart shows Bitshares (BTS) taking the baby steps as shown by the my targets that have already been hit and exceeded. On a bit of a longer term perspective, the $1.60 is not too far for BTS. I believe we are working on wae 1 and after 2, waves 3,4,5 should make orgasmic lunges upwards to hit $1.60 or HIGHER!!
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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
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Legal Mumbo Jumbo: 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.**
Guys, I don't think everyone in the crypto community has let the Arise Bank team up sink in....this is massive...if you consider Arise purchasing a fully FDIC insured well established bank that's been in business for over 100 years and is already shipping ATM's soon that offer 700 coins, Haejins long term shot at over $300 a coin really wouldn't be unrealistic...this is just massive news...every time i turn around there is a new company moving over to Bitshares which means they have lots of user cases and are generating income as we speak...this is a hedge fund and institutional money's wet dream...hope they are able to stay consistent with their whitepaper but this is just massive...i have a feeling they have other news coming up...2018 is going to be a good year for Bitshares
Very good point sir. Most people are looking for short term profits. Investing in meme coins. And can’t even see the forest from the trees
I have been doing some research into Arise Bank, but I can't seem to find to many sources confirming it's full legitimacy. It looks amazing, but I'm hesitant. If Arise Bank was as revolutionary as they make it sound, why so little coverage across the web?
Mostly what I found was this article. https://medium.com/@aenigmacapital/investor-warning-arisebank-ico-strategic-partnership-with-bitshares-is-a-scam-96b8b473a61d
You may want to check out this one as well:
https://steemit.com/bitcoin/@libertyteeth/tried-to-get-into-the-arise-ico-their-website-and-email-are-both-broken
In their favor, they have credited me the 75 ACO without charging me, or at least said they would in the support email response (which was much better written -- I need to make a follow-up post but we're heading out in a few minutes); I haven't checked the account yet.
It's legit ! AriseBank has partnered with Bitshares, Stan Larimer posted on steemit a few days ago:
https://steemit.com/bitshares/@stan/bitshares-on-front-page-at-zero-hedge-arise-bank-deal
BTS is skyrocking! This was a fantastic post!
I agree! The media blackout is very apparent. But word-of-mouth will spread soon enough.
I completely agree. If Arise makes good, this would, without a doubt, be one of the biggest deals in crypto histroy.
IHayat zor olmasına ragmen böyle kuruluşları kuranlar ve yönetenlerde tşk bir borç bilirim
Kesinlikle, tamamen katılıyorum arkadaşım
i dont see much about Arise Bank. This is bread crumbs IMO. And their interface sucks. I have shares but it wasn't easy to figure out how to buy them on their platform. If they can make it flow more like a coinbase then people will start going crazy for it.
Yeah i agree tpain...it took me a little bit to get comfortable with the interface...they have a lot of stuff coming down the pike from what i've read on telegram and twitter....it will take some time...as far as Arise it is still a new concepts and the first so it's brand new...we shall see...like i said, "i hope they are able to follow their whitepaper and make it happen", if they do then they have something special...cheers
I’d settle for $10, but I’ll take $300 if you twist my arm.
Very interesting! Thanks
How can i become a bitshares
Hey samuel...you can create a wallet at https://wallet.bitshares.org and then send BTC or other supported coins to the exchange as you please...let me know if you have any questions...cheers
yes because bts is a smart coin factory...all smart coins are created with bts as collateral so the circulation of bts is dwindling
see: https://steemit.com/bitcoin/@haejin/bitshares-bts-long-term-forecast-usd342
Sorry Winnie...i was trying to find the post...but here's the post
https://steemit.com/bitcoin/@haejin/bitshares-bts-long-term-forecast-usd342
https://www.arisebank.com/abank/atm/
What do you mean by fact check the news? It was retweeted by Bill Butler on twitter as well...did i miss something...because if i did I would be the first to apologize
@HAEJIN !!!!! someone is stealing your posts!!!
https://steemit.com/money/@julrissani/bitshares-bts-usd1-60-anyone
THIS PERSON literally stole your entire post!
lol
Good looking out. My downvote took the account's rep from 40 to 39. Need more whale juice.
hook me up with some of that whale juice ;)
I have a blog check me out lol
This is super informative. Thanks for the post. Happy crypto hunting!
Hope so. I have some BTS ))
For now the volumes on DEX are suck ((
Agree with 100% knowing what I know :)
Can you provide background?
Lol do your own research
oooh that sounds exciting lol do tell !
oh my!! tell us! ;)
I as well @tonypeacock
I also know what I know. 🙄
I hope you guys are right, and I will just trust that if I knew what you knew that I would definitely know what I kind of don't know about the Bitshares
if you look at his channel. He's a BTS evangilist . I need them to fix their clunky site. It's currently not user friendly.
Bullish! BTFD. Step on in, waters fine. Get some BTC too, to help balance your currency risk.
I am a Korean investor @sochul n Your fan ;-)
I also believe in the Decentralized Exchange and support BTS!
I really appreciate you.
Hey Sochul , could be T.H.E. good move from your side, and be sure, in my mind you will win with your engagement over a long run.
Target $342
Thank you for showing target @haejin nim
TO THE MOON!
Well at least to $100 then $1000 by end of 2018!
Wow very optimistic I like
wow you arev soo strong
One exciting thing to see is the rise in volume for Bit Assets like BitUSD and BitCNY on Bitshares. By people locking up at least 2x collateral in Bitshares it also puts upward pressure on the price. Currently over 20% of all Bitshares are locked up. Exciting times ahead!
bitCNY current marketcap: $38,441,260 USD
bitUSD current marketcap: $17,748,643 USD
Woohoo!!
BitAsset use by Asian exchanges soon will give BTS wings
#ilovesmebitshares!!!!!!!!
Hello
#nkkb
#teammalaysia Member at Steemit.
#mentormemtee with #zublizainordin and #nkkb
@OriginalWorks #originalworks
https://steemit.com/@originalworks
@t3ran13
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We need to admit that we're all gambling here with this recent crypto price jump. There's an invisible hand throwing dice at the craps table, and we've been getting all the right rolls for a long time now. Will BTS break $1 before the luck breaks? It easily has the technology to do so, but sometimes the market prefers vaporware... We shall see.
I totally get and agree what you're saying. One good thing is this: getting bitCNY on asian exchanges is currently in the works and should be completed very soon. This would make bitshares bitCNY the tether of asia, except it's actually backed by something. Asian exchanges using bitCNY would give bitshares wings.
Current bitCNY Marketcap: $39,065,779 USD and it has grown by leaps and bounds lately
The more I watch the exploding smartcoin supplies, the more nervous I get about black swan risk. There are some features built into the smartcoin protocol that seem destined to force a black swan before too long.
You're right, bitCNY are backed by something, but it's something that is susceptible to violent swings in value. It's a different sort of risk than the un-auditable backing of Tether, but it's pretty significant risk nonetheless.
Very true. I've been trying to look into what happens when a bitasset is black swanned lately, still trying to wrap my head around it. Stan and Michael doing the UPMA gold pegged crypto asset fully redeemable in gold deal could help in the event of a black swan, yes? If the market got too wild then people could just convert their bitCNY bitUSD etc into that gold asset, which is backed by and fully redeemable in a hard asset.
I hadn't heard about the gold thing, I'll have to check Stan's blog.
My understanding is that if a single short position is ever undercollateralized, the whole smartcoin has a stroke, immediately shuts down, and returns most of the outstanding collateral BTS to short positions. Then all outstanding long positions more-or-less just float. At that point, a rush to some other asset out of the smartcoin would likely result in a rapid price crash because the network's ability to back the smartcoin would be severely reduced, and thus confidence will be thin.
So... When the quantity of outstanding smartcoin grows this fast, I both marvel and worry.
Gotcha. "BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!" https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7?source=user_profile---------1---------------- Stan and Michael are supposed to be releasing more info on this in the coming days. Deals made at a precious metals conference in Utah.
Cool. The more use cases, the better!
Seems like a chain reaction with all the businesses applying for Bitshares lately :D
I like what you did there... 'chain reaction' ;)
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What the...... I was going to sell mine for SBD. Now I'm torn between 2 HODLs. It's so hard to decide.
why not go for steem? then you can invest in both.
@haejin agreed! BTS is the magical creation of all cryptos, it will be the exchange to follow for everyone. It is one of the big 3 of @dan visions and creations.
When governments start checking more and more on centralized exchanges, and many accounts start having problems on those exchanges, people funds will start flowing to Bitshares, and this is when the biggest transfer of wealth will occur in all the history of the world.
When its interface gets easier and easier for everyone, you know the story!
Regards, @gold84
Very smart.
@tt-dogg thanks for the follow up on this. I checked your blog and see that in addition to dogs, you have resteemed a post from @dan . I am now following you.
Just upvoted your comment.
Regards, @gold84
That sounds so good ! BTS to the Jupiter !!!
BTW Kabooom !!! Your Followers rising almost 450% Percent till I am following you on steemit. That is Massive rising within 2 to 3 Months :)
We wish him MASSIVE followers! :)
Your page grows exponentially just like these cryptos!!
I find it hard to comprehend the theory of news and fundamentals coming to news coming to justify price analysis. Doesn't even make sense..
I will like to be a genius like you though
Great Post. Up until now, bitshares proved to my second best investment in terms of profitability. Really happy with bitshares :)
I've only recently started using Elliot waves they seem to be very useful as long as the market is not rigged lol.
great news!!!!
"orgasmic lunges"
Wow! Just like last night...
Great, thanks!
People brand new to cryptocurrency are just about to go running to EXCHANGES as their friends told them, to buy.
As someone who was once a totally ignorant noob years ago, and is still a noob relative to most, this is interesting about Bitshares.
I just posted the first of a five part series today, Crypto Noob Lessons that I learned the hard way.
Part one is the importance of the exchanges and learning about them before you trust them with your money.
https://steemit.com/cryptocurrency/@dragonanarchist/crypto-noob-lesson-1-of-5-exchanges-heed-the-market
This is very basic, non-expert advice that I am sharing with those who know nothing, having had my money disappear on what I call "Sketchy" exchanges.
I would appreciate more of your detailed opinion on why Bitshares is going to be a 'gold standard', but also what you think in terms of reliability and security.. since I have never used it, and a lot of noobs will not know where to start.
Upvoted, thank you!
I 100% agree with your idea!, https://steemit.com/bitshares/@leo-87/bitshares-ew-analysis-long-target-2usd
Don't say no one told you!
Go BTS! I have a beautifully built portfolio around your studies. I'm learning so much about how these waves work, no thanks to you Haejin. It's been two weeks I've studied your work, and I hope to continue!
Ladies and Gentleman, this is your captain speaking. We are about to take off. Next destination, the moon!
Very much appreciate Updates on this another successful 'Larimer' project @haejin
С русских по лайку
Nice one. Go BTS!
Captain call!
Get on the train :)
Get Ready and buckle up! Thank you sir!
sit and wait for a few years. This is very long term
very interesting analysis. That would take bitshares much higher and change its market cap substantially.
Thank you.
Very optimistic. Just hope it's feasible
Unstoppable!
Some great ideas from BitShares but when I look at their asset exchange I do not see anything interesting.
it's a clunky website. But maybe they can improve over time.
It might pass 1$
Be a bitshares millionaire!
Amazing! Always excited to read these updates and excited for your 1:1
oh my~~~ oh my~~~ thanks lots!!!!
Thank you for your efforts .
Thumbs up if you first upvote and then read the post :)
Orgasmic is right lol!
Your call on BTS at 5 cents is what got me started in cryptos, thanks again Haejin!
I am strapped in, ready to rocket to moon!
Bitshares site needs alot of work thou to reach massive highs.
There’s a website already in the works for Bitshares. You can see it here: http://www.is1.co
that is one beautiful website.
This all seems very exciting. Thank you for sharing :c)
I just need to figure out how to get a little fiat into Bitshares. Open ledger seems to have disabled any past feature to do so.