The latest is that Bittrex is removing Bitshares from their exchange. Apparently this has caused people to run left and right and sell. Bitshares, as of writing, is down to $0.062 (which I must say is a good point to buy, DYOR).
However, the reason for writing this post is, while reading @tech-trends's post I saw that it might be a technical misunderstanding on Bittrex's part.
A misunderstanding caused Bitshares to lose ~ $55 million in 4 hours?
Amazing.
This might not be the case, but there doesn't seem to be any other plausible reason.
Also, with this happening, I saw something interesting on Reddit: where should i store my BTS after delisting from Bittrex...
Does this mean there are people who don't know that Bitshares is a DEX (Decentralized Exchange) itself, and they are selling because there doesn't seem to be a good place to "put it"?
Hmm...
Edit: From the Bitshares Telegram group: Bittrex refuses to comment on reasoning behind delisting and are not willing to enter into a dialogue. Any reasons you see people give are pure speculation and most likely FUD
OMG. Should buy some more.
You would be amazed at the amount of people who buy bts or any other coin just because they saw it go up 15% the other day. No research whatsoever. There are tons of folks on steemit who have no idea what bitshares is. Pretty disheartening if you ask me. Stan have a lot of work ahead of him with the hero challenge
Seems like that! Which is such a pity. With what Bitcoin has become now, Bitshares has everything, its almost too good to be true. If Bitshares was as widely known, we'd have cryptocurrency being adopted a lot lot faster. @stan does have a lot of work, but since its a cryptocurrency, all of us its holders have a lot to gain or lose.
Thank you for making this post, I knew that Steemit would have the answer. Couldn't even find anything on a browser search :-D
Steemit is the new news source haha!
Glad it helped :)
Not fun of Bitshares anyway ;) Following & UP
IMO this just makes it yet ANOTHER great time to BUY BTS... people will start realizing soon enough that there's a full DEX built into the platform. I also plan to help with promoting BTS and its DEX to as many people as possible. This is, in the grand scheme, really not a big deal for BTS, and people will soon realize it.
However, I also think that trex may end up not delisting it, as it is consistently in the top 10 in volume, and that's namely what trex cares about when considering keeping a coin.
DON'T PANIC PEOPLE. :)