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Offline kana

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I think angelshares are driving down the price of protoshares
« on: January 07, 2014, 12:05:25 AM »

It seems to me that as long as you get a better ratio of angelshares/btc  compared to angelshares/pts that the price will be forced down on pts. At least that is the way it has seemed so far with the  recent price drop.

Offline 5chdn

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Re: I think angelshares are driving down the price of protoshares
« Reply #1 on: January 07, 2014, 12:11:39 AM »
Possible. Good time for placing buy-orders :)

Offline soniq

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Re: I think angelshares are driving down the price of protoshares
« Reply #2 on: January 07, 2014, 12:41:56 AM »
It seems to me that as long as you get a better ratio of angelshares/btc  compared to angelshares/pts that the price will be forced down on pts. At least that is the way it has seemed so far with the  recent price drop.

or because BTC is rising in value again?
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Offline bitcool

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Re: I think angelshares are driving down the price of protoshares
« Reply #3 on: January 07, 2014, 01:13:48 AM »
It seems to me that as long as you get a better ratio of angelshares/btc  compared to angelshares/pts that the price will be forced down on pts. At least that is the way it has seemed so far with the  recent price drop.
u r probably correct.

Offline ripplexiaoshan

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Re: I think angelshares are driving down the price of protoshares
« Reply #4 on: January 07, 2014, 02:11:06 AM »
Sounds reasonable, the PTS/BTC price is tied by ags. But if there is another successful DAC, PTS price with jump high.
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Offline Pocket Sand

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Re: I think angelshares are driving down the price of protoshares
« Reply #5 on: January 07, 2014, 02:55:24 AM »
There are not enough btc investors in AGS and the price of pts is suffering and will continue to suffer to this as pts holders rush to sell off pts to get better ratios on btc/AGS. The only way out of this is to drum up more marketing/support from btc community to buy AGS or face  declining pts prices until it meets an equilibrium between BTC and PTS donated per day.
« Last Edit: January 07, 2014, 02:58:28 AM by Pocket Sand »

Online Stan

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Re: I think angelshares are driving down the price of protoshares
« Reply #6 on: January 07, 2014, 03:32:01 AM »
There are not enough btc investors in AGS and the price of pts is suffering and will continue to suffer to this as pts holders rush to sell off pts to get better ratios on btc/AGS. The only way out of this is to drum up more marketing/support from btc community to buy AGS or face  declining pts prices until it meets an equilibrium between BTC and PTS donated per day.

So we all have near-term motivation to get out there and drum up BTC investment from outside our community.

Meanwhile, as progress starts happening at 10x the prior rate (due to the infused funds and fresh talent) the demand for both will climb together. 
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline sschechter

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Re: I think angelshares are driving down the price of protoshares
« Reply #7 on: January 07, 2014, 04:12:23 AM »
There's a huge buy order right now on Cryptsy worth 27 BTC.  I guess not everyone thinks this is a bad thing.
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Offline kana

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Re: I think angelshares are driving down the price of protoshares
« Reply #8 on: January 07, 2014, 04:41:18 AM »
It seems to me that as long as you get a better ratio of angelshares/btc  compared to angelshares/pts that the price will be forced down on pts. At least that is the way it has seemed so far with the  recent price drop.

or because BTC is rising in value again?

It has gone down like 2 usd each

Offline bytemaster

Re: I think angelshares are driving down the price of protoshares
« Reply #9 on: January 07, 2014, 06:14:34 AM »
There's a huge buy order right now on Cryptsy worth 27 BTC.  I guess not everyone thinks this is a bad thing.

The market price of PTS going down does not reflect a loss in 'value' of PTS it is just forcing the market to more accurately price the value than all of the other coins out there by forcing 10K in sales each and every day.   The BTC Angel fund is sucking a lot of the buying demand from long-term investors which get a 2:1 deal by buying AGS rather than PTS.   Many that hold PTS may be selling it for BTC just so they can buy AGS and get a slightly better deal than sending PTS directly to the PTS AGS address.

So given this situation the price is sagging in the short term, but in the long term this process is making PTS much more valuable.   It is like turning on a motor that causes the lights to dim until it gets up to speed.  Any dip is merely short term and not the market voting against the plan.

Put another way, prior to launching AGS daily volume was only $40K and now people are buying $90K+ of AGS each and every day while PTS volume is still $50K.   

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Offline bitcool

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Re: I think angelshares are driving down the price of protoshares
« Reply #10 on: January 08, 2014, 02:09:17 AM »
I think the AGS price difference between PTS and BTC indicates where the money come from: existing investors, or new investors. 

For newer interest, they most likely invest via BTC, existing PTS investors tend to use PTS, if both prices are comparable.

PTS price decreasing from 0.03 to 0.02 btc is at least partially caused by some existing investors converting PTS into BTC to take advantage of the price difference.

This trend will last as long as BTC serves as the better "payment option", however I suspect the source for PTS investment will exhaust first, and the trend will reverse, if AGS remains attractive by then.

JMHO
« Last Edit: January 08, 2014, 02:13:45 AM by bitcool »

Online Stan

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Re: I think angelshares are driving down the price of protoshares
« Reply #11 on: January 08, 2014, 03:15:12 AM »
And while the above fascinating effects are no doubt in play, we should note that http://coinmarketcap.com/ shows all the equities and coins in the top 10 are down about the same percentages today.

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Offline bitcool

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Re: I think angelshares are driving down the price of protoshares
« Reply #12 on: January 08, 2014, 03:48:41 AM »
And while the above fascinating effects are no doubt in play, we should note that http://coinmarketcap.com/ shows all the equities and coins in the top 10 are down about the same percentages today.

Yes, it looks like PTS's slide against BTC may have stopped, or call it stabilized.

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Re: I think angelshares are driving down the price of protoshares
« Reply #13 on: January 08, 2014, 06:43:00 AM »
And while the above fascinating effects are no doubt in play, we should note that http://coinmarketcap.com/ shows all the equities and coins in the top 10 are down about the same percentages today.

Yes, it looks like PTS's slide against BTC may have stopped, or call it stabilized.

Famous last words :P

I think AGS does have an effect. Most investors would have already bought into PTS before the change in structure. And I have a feeling most of the AGS investors are recycled ones.

Now the main dilemma is how to balance my PTS/AGS ratio - currently its 5:1.

Offline noobster

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Re: I think angelshares are driving down the price of protoshares
« Reply #14 on: January 08, 2014, 10:46:45 AM »
it might be, because btc/ags donation is more efficient so investors might sell pts for btc to donate the project

thus it drives the price down. we'll see for how long, it might be a good time to buy in
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