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.
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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
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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.
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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!
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Glad it helped :)
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Not fun of Bitshares anyway ;) Following & UP
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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. :)
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