Had a great conversation last night with a friend that I got into the scene. Lots of bitshares and haejin talk. I feel like we just saw a tremendous example of price driving the news, and it was helpful to talk out loud about some things. But the example was this:
This recent EOS price rise kind of bumped into some news about Bitthumb listing it for trading. Now, upon recollection, I feel like our tendency is to believe that the news of Bitthumb listing the coin came first and then there was this price run. BUT - the actuality is that Bitthumb got FOMO when EOS was surging and so they decided to list it somewhere around $7 after it had run up from sub $1 in 5 weeks or so. It's really amazing when you can be surgical and really dissect what came first. Sentiment drives price creates news. And there are big feelings around the Larimer projects these days, certainly on my end.
Hard to have perspective seeing as we are all using one of his products......but the price don't lie......Now the News, CEOs, Internet Bozos, and Banks definitely lie......the price don't lie.
Had a great conversation last night with a friend that I got into the scene. Lots of bitshares and haejin talk. I feel like we just saw a tremendous example of price driving the news, and it was helpful to talk out loud about some things. But the example was this:
This recent EOS price rise kind of bumped into some news about Bitthumb listing it for trading. Now, upon recollection, I feel like our tendency is to believe that the news of Bitthumb listing the coin came first and then there was this price run. BUT - the actuality is that Bitthumb got FOMO when EOS was surging and so they decided to list it somewhere around $7 after it had run up from sub $1 in 5 weeks or so. It's really amazing when you can be surgical and really dissect what came first. Sentiment drives price creates news. And there are big feelings around the Larimer projects these days, certainly on my end.
there is also a rumor that a gold backed bitAsset may be released on bitshares fully redeemable in ACTUAL PHYSICAL GOLD...
that would be bonkers
Want!
Hard to have perspective seeing as we are all using one of his products......but the price don't lie......Now the News, CEOs, Internet Bozos, and Banks definitely lie......the price don't lie.