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bitshares dip and crazy margin call

BY: @funcrypto | CREATED: Jan. 15, 2018, 12:43 p.m. | VOTES: 3 | PAYOUT: $0.10 | [ VOTE ]

For a while I considered everything under a dollar a good price for buying bitshares, so I've steadily been doing it.

Yesterday I logged in and to my surprise bitshares was trading at under $.60!

While I frantically updated and optimized my collateral while scratching my brain about how to find funds for more bitshares during this big sale, suddenly something crazy happened:
Someone had a huge margin call at $.47 (more than 300,000bts for sale) I borrowed some bitusd at ridiculously low and dangerous collateral and grabbed as much as I could.

Of course I was feeling a bit sorry for the person who had the margin call.
With this behaviour it could be me next time, but I took my chances.

It didn't last long and after it the price even went down to $.46 until it quickly went up past $.50 again. And the whole time I was thinking, "how come noone's mentioning it on steemit?"

However, before I had a chance to post about the margin call it had already passed.

But I would still say that the current price of bts right now ($.52), is perhaps a once in a lifetime bargain. For us latecomers at least.

What do you think? will bts ever go under $.50 again?
Personally I don't think so given all the upcoming news and events related to bitshares.

TAGS: [ #bitshares ] [ #crypto ] [ #cryptocurrency ] [ #money ] [ #blockchain ]

Replies

@buckland | Jan. 15, 2018, 1:02 p.m. | Votes: 0 | [ VOTE ]

I was at .46 imagine how I was boiling..... I am now into .42 still dangerous... what an adrenaline push it was I agree... I went to BitCNY BTS page and almost all the borrowers where in orange they had way more margin calls happening that on the bitUSD even. Yes I agree with you the .5 point seems well funded now.

@buckland | Jan. 16, 2018, 11:21 a.m. | Votes: 0 | [ VOTE ]

[IMAGE: https://steemitimages.com/DQmWQjwYcdKkFijqCyE9wys4Q4RoL7LsjbrUDENpc6PnnGy/Screen%20Shot%202018-01-16%20at%2011.21.57.png]

@funcrypto | Jan. 16, 2018, 5:59 p.m. | Votes: 0 | [ VOTE ]

Yeah, I saw that. Hope you're margin call survived!
So today was even crazier and my little story now seems like nothing, let's see where it ends. As somebody who felt I didn't buy enough bitshares, i'm actually quite pleased with the drop. I just really, really miss those fiat gateways...!

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