Bitshares PLAY snapshot

[Ander]

agreed. BTS fall the same procentage as NXT, Maidsafe, Counterparty! with your argument - BTS lost nothing after the Play snapshot, because it thinks play is worth nothing 

Actually BTS dropped about 7% exactly 1 minute after the PLAY snapshot ended.  There was clearly an impact there from the snapshot.  At that point, none of the other alts or bitcoin had taken a big hit yet.

Then it recovered some, indicating that the drop from the snapshot was indeed overdone.

Then it dropped a second time an hour or so later when BTC and all the alts took a hit.  That drop wasnt related to the snapshot.

[islandking]

I blv chinese are accumulating should rise near release time

Actually I think the Chinese are probably the dumpers.  The dumps never happen during the midday US time, they only happen while china is awake.


We just have to keep buying every paycheck.  Just keep buying as much as we an for as long as we get the chance.
Just put buy orders under the price and wait for the dumpers to dump you cheap shares.  It will happen every time if you wait.

Does seem like they have hundreds of millions to dump over last few months.. but some are buying too.. others playing the spread game... in general market is waiting for news.. chinese have ability to pump to moon like noone else.

There seems to be millions of shares that are dumped on the market every day. Dumping is good for Bitshares in the long term as the shares are distributed to more holders

[jsidhu]

I blv chinese are accumulating should rise near release time

Actually I think the Chinese are probably the dumpers.  The dumps never happen during the midday US time, they only happen while china is awake.


We just have to keep buying every paycheck.  Just keep buying as much as we an for as long as we get the chance.
Just put buy orders under the price and wait for the dumpers to dump you cheap shares.  It will happen every time if you wait.

Does seem like they have hundreds of millions to dump over last few months.. but some are buying too.. others playing the spread game... in general market is waiting for news.. chinese have ability to pump to moon like noone else.

[Ander]

I blv chinese are accumulating should rise near release time

Actually I think the Chinese are probably the dumpers.  The dumps never happen during the midday US time, they only happen while china is awake.


We just have to keep buying every paycheck.  Just keep buying as much as we an for as long as we get the chance.
Just put buy orders under the price and wait for the dumpers to dump you cheap shares.  It will happen every time if you wait.

[Shentist]

The market seems to have dropped about 7% post snapshot, indicating that the market thinks 35% of PLAY is worth 7% of BTS.  Or in other words, PLAY is worth 20% of BTS.

Should PLAY be valued initially at ~8M?  I think thats probably too high, which means that the drop in BTS is overdone (because some people saw the drop and panicked?) and should now go back up to .100 CNY.

that assumption would be right if BTC relative to USD had not declined as much as it did...  I think you must subtract at least the BTC decline in price...

Sent from my ALCATEL ONE TOUCH 997D

agreed. BTS fall the same procentage as NXT, Maidsafe, Counterparty! with your argument - BTS lost nothing after the Play snapshot, because it thinks play is worth nothing 

[DACAttack]

We have Sparkles snapshot on 14th to look forward to now.

[jsidhu]

I blv chinese are accumulating should rise near release time

[liondani]

The market seems to have dropped about 7% post snapshot, indicating that the market thinks 35% of PLAY is worth 7% of BTS.  Or in other words, PLAY is worth 20% of BTS.

Should PLAY be valued initially at ~8M?  I think thats probably too high, which means that the drop in BTS is overdone (because some people saw the drop and panicked?) and should now go back up to .100 CNY.

that assumption would be right if BTC relative to USD had not declined as much as it did...  I think you must subtract at least the BTC decline in price...

Sent from my ALCATEL ONE TOUCH 997D

[Ander]

LOL what happened to a crazy bull? We need new news and people spreading the word.. that is the only way it will rise.

Crazy bull got dumped on by multi million market sell orders at btc38, because apparently there are still whales out there that want out.

Apparently we need to buy every BTS that is owned by the chinese before it can go up again.


With all the amazing stuff going on at null street and everything that is in the works, I dont fear about the price any more.  If it goes down, so be it, I will save money and buy every BTS I possibly can while its ~2 cents or less, no matter how long it takes, because eventually the marketing efforts will kick in and take us higher.

Even if the official marketing fails, the community marketing will succeed, somewhere.

[jsidhu]

LOL what happened to a crazy bull? We need new news and people spreading the word.. that is the only way it will rise.

[Ander]

The market seems to have dropped about 7% post snapshot, indicating that the market thinks 35% of PLAY is worth 7% of BTS.  Or in other words, PLAY is worth 20% of BTS.

Should PLAY be valued initially at ~8M?  I think thats probably too high, which means that the drop in BTS is overdone (because some people saw the drop and panicked?) and should now go back up to .100 CNY.

[Ander]

Someone else made 5-10 times as much as me, I didnt go big with it because I figured it might be hard to buy back a large volume before the price recovers. 

Time to drive it back up everyone, buy buy buy!

[xeroc]

Ah .. that explains the drop in price .. was wondering already .. and honestly wouldn't have thought that tha price would go down that much ... interesting ..

[islandking]

I managed to dump a couple btc worth right after the snapshot and buy most of them back, making a couple thousand free BTS.  (Or at least, I will once I manage to finish buying the rest of them back under 4400).

Someone please sell just a few more!


Edit: Success!!

Nice. I should have done that.

[Ander]

I managed to dump a couple btc worth right after the snapshot and buy most of them back, making a couple thousand free BTS.  (Or at least, I will once I manage to finish buying the rest of them back under 4400).

Someone please sell just a few more!


Edit: Success!!