Since there's no on/off ramp for Bitshares to FIAT. I am mainly focus Bitcoin as basis for Bitshares price movement for now. I believe openledger will giveway to this process, OCASH their first crypto to FIAT and vice versa will add a gateway for FIAT to enter Bitshares without going to Bitcoin processes.
After Bitcoin's price hike up to almost $12,000, it's price corrects down to $9600 or less, making it a strong support for now. As market recovers from it's previous crash. Bitcoin including some alt coins are recovering their prices to almost or greater than 60% from it's previous price cap. For me, it's safe to assume that Bitcoin will break $12,000 this week and will reach $14,000 before February ends.
As for Bitshares, more investors are moving to Bitcoin for now fearing that they might miss the Bitcoin price hike before returning to Bitshares. But. . . $0.20 for Bitshares that's really a great deal if we refer to it's previous cap price of almost $1. Everythings returning to normal and the best way to earn more is to buy those cheap assets that are still recovering and Bitshares is included on that.
Once AriseBank is returned to the AriseBank team things will be looking good for Bitshares. Some did know why Bitshares gain it's price increase last December and that is all because of AriseBank. I'm sure AriseBank will win it's case against the SEC and will clear it's name. Before that happens I hope you guys have filled your bags with Bitshares.
yes after the feb u can see their will be more strongness of cryptocurrencies
There's no mistaking it, Bitcoin's support can hold it's position. WE'll see a better growth especially for Bitshares on this next round.
I appreciate the posts you make with regards to bitshares and its fundamentals. I'm sure you've done a fair amount of research on it. I'm personally invested in bitshares as well. Unfortunately, I have to call you out on this post. Bitcoin correcting to $9600 does not make it a strong support. It was just the last swing low, and could possibly correct further. ( Unless you can provide a technical perspective on how it's a strong support). You mention it's safe to assume BTC breaking $12000 to hit $14000 by the end of feb ( In 4 days time). That ofcourse is possible, but according to this post, that 'safe' assumption is based on absolutely nothing. Unless you can prove otherwise. Speculating on price action has not done you good in the past. With the recent episode of you getting margin called. I understand that you are trying to make people aware of bitshares and its uses. But this is a slightly irresponsible way of going about it. Especially with your previous posts encouraging margin trading.