Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: What is going on??  (Read 499 times)

0 Members and 1 Guest are viewing this topic.

Offline zonda

  • Jr. Member
  • **
  • Posts: 46
    • View Profile
What is going on??
« on: October 19, 2014, 03:01:33 PM »

Guys why are people dumping the sh** out of BTSX? I was just on BTER and a half a million dump happened in front of my eyes.
Not to mention that BTSX has lost over 40% in the last couple of weeks. Is this connected to the Bytemaster recent plans of unification of all the DACs?

Thanks

Offline Troglodactyl

  • Hero Member
  • *****
  • Posts: 943
    • View Profile
Re: What is going on??
« Reply #1 on: October 19, 2014, 03:10:03 PM »
I think people are just selling on uncertainty at the proposals being discussed.

Offline BldSwtTrs

  • Sr. Member
  • ****
  • Posts: 220
    • View Profile
Re: What is going on??
« Reply #2 on: October 19, 2014, 03:11:02 PM »
Guys why are people dumping the sh** out of BTSX? I was just on BTER and a half a million dump happened in front of my eyes.
Not to mention that BTSX has lost over 40% in the last couple of weeks. Is this connected to the Bytemaster recent plans of unification of all the DACs?

Thanks
The market doesn't like uncertainty, plus the market is not use to price such thing.

Offline bodenliu

  • Full Member
  • ***
  • Posts: 82
    • View Profile
Re: What is going on??
« Reply #3 on: October 19, 2014, 03:12:21 PM »
not seeing marketing move, no big updates recently, ppl lost faith to the price so they cashed out before it is lower and lower...

Offline Rune

  • Hero Member
  • *****
  • Posts: 1120
    • View Profile
Re: What is going on??
« Reply #4 on: October 19, 2014, 03:42:32 PM »
Many people are frightened by the prospect of inflation. If you dislike inflation now is the time to sell, if you believe the ability to issue new shares to fund development is an advantage, then now is the time to buy.

Offline nomoreheroes7

Re: What is going on??
« Reply #5 on: October 19, 2014, 05:34:34 PM »
Many people are frightened by the prospect of inflation. If you dislike inflation now is the time to sell, if you believe the ability to issue new shares to fund development is an advantage, then now is the time to buy.

I'm buying  ;D. Just did, in fact. Blood in the streets is (almost) always the best time to buy, even if in the moment it might seem crazy.

Believe in BitShares' long-term potential? Then you have nothing to fear.
« Last Edit: October 19, 2014, 05:36:35 PM by nomoreheroes7 »

Offline oldman

  • Hero Member
  • *****
  • Posts: 543
    • View Profile
Re: What is going on??
« Reply #6 on: October 19, 2014, 06:03:56 PM »
Yep, buying.

A successful streamline to BTS massively increases the value and marketability of the technology.

Offline Method-X

  • Hero Member
  • *****
  • Posts: 1120
  • VIRAL
    • View Profile
    • Learn to code
  • BTS: methodx
Re: What is going on??
« Reply #7 on: October 19, 2014, 06:05:31 PM »
Yep, buying.

A successful streamline to BTS massively increases the value and marketability of the technology.

+5%

Offline Ander

  • Hero Member
  • *****
  • Posts: 3507
    • View Profile
  • BTS: Ander
Re: What is going on??
« Reply #8 on: October 19, 2014, 06:08:14 PM »
Yep, buying.

A successful streamline to BTS massively increases the value and marketability of the technology.

Yes, this is clearly the time to buy.

I'm just mad that I bought a lot yesterday before all this happened. :(
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Frodo

  • Sr. Member
  • ****
  • Posts: 334
    • View Profile
  • BTS: frodo
Re: What is going on??
« Reply #9 on: October 19, 2014, 06:26:00 PM »
What I don't get is why BTSX dropped more than DNS. Makes no sense, does it?

Offline luckybit

Re: What is going on??
« Reply #10 on: October 19, 2014, 07:05:36 PM »
Guys why are people dumping the sh** out of BTSX? I was just on BTER and a half a million dump happened in front of my eyes.
Not to mention that BTSX has lost over 40% in the last couple of weeks. Is this connected to the Bytemaster recent plans of unification of all the DACs?

Thanks

I think it's going to get much worse in the future and yes I think it's connected to Bytemasters very bad idea. BTSX is something no one will want to hold if there is inflation which means everyone is now looking to either cash out of the system completely or to find some BitAsset.

A lot of people put a lot of money into this and they don't want to be the bagholder. Inflation guarantees that someone is going to be a bagholder in the short term which is why it shouldn't be discussed right now. Bitshares X and the ecosystem isn't yet at a market cap or growth rate where it makes any sense to discuss inflation.

If you inflate while the entire crypto-economy is in a tailspin with even Bitcoin crashing it just doesn't help in my opinion. I think when there are several separate DACs this spreads the risk which is better for investors. It allows investors to easily diversify themselves.

So the idea of unification at least in my opinion could mean unification of risk as well and so I think it's too soon. It's not necessarily always going to be a bad idea but it's a bad idea for right now and discussing it is disrupting the equilibrium.

Yep, buying.

A successful streamline to BTS massively increases the value and marketability of the technology.

Yes, this is clearly the time to buy.

I'm just mad that I bought a lot yesterday before all this happened. :(

The problem is a lot of people don't know how to hedge or how to get out in a smart way. As a result they cash out the centralized way instead of buying BitUSD/BitBTC/BitGLD.

If you don't want BTSX prices to drop through the floor you have to tell people the right way to save their wealth. The way to do this is to buy a BitAsset because these pay interest.

The question is whether or not the interest rate outpaces the inflation rate. Inflation alone isn't bad if the economy is growing but right now the economy is shrinking. If we look at coinmarketcap.com then we can see the total market cap for all coins is shrinking with Bitcoin.
« Last Edit: October 19, 2014, 07:13:50 PM by luckybit »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

 

Google+