Why PTS are going down?

[BldSwtTrs]

Interestingly enough, before AGS released, PTS alone (34m$ of value) was 10% of BTS and now AGS+PTS (34m$ of value) is 100% of BTS.

That means people's target is a number of tokens rather than a percentage of the total tokens supply. We can infer that it's because the market is not really sure if Bitshares will work + irrationality + some overvaluation of BTS before AGS which play the role of a catalyst for a reality check.

It also shows you that the so-called market cap of all the other coins is exaggerated by the lack of an ability to short while the 'early adopters' hold most supply off the market.  Put a steady sell pressure of $100K per day on these other coins and watch the price fall.

It is a bit ridiculous but at the rate BTS is being developed AGS and PTS holders will be in great shape.

Right, that would be soooo profitable to be able do so. Shorting most of the altcoin market would be like printing money.

[bytemaster]

Interestingly enough, before AGS released, PTS alone (34m$ of value) was 10% of BTS and now AGS+PTS (34m$ of value) is 100% of BTS.

That means people's target is a number of tokens rather than a percentage of the total tokens supply. We can infer that it's because the market is not really sure if Bitshares will work + irrationality + some overvaluation of BTS before AGS which play the role of a catalyst for a reality check.

It also shows you that the so-called market cap of all the other coins is exaggerated by the lack of an ability to short while the 'early adopters' hold most supply off the market.  Put a steady sell pressure of $100K per day on these other coins and watch the price fall.

It is a bit ridiculous but at the rate BTS is being developed AGS and PTS holders will be in great shape.

[BldSwtTrs]

Interestingly enough, before AGS released, PTS alone (34m$ of value) was 10% of BTS and now AGS+PTS (34m$ of value) is 100% of BTS.

That means people's target is a number of tokens rather than a percentage of the total tokens supply. We can infer that it's because the market is not really sure if Bitshares will work + irrationality + some overvaluation of BTS before AGS which play the role of a catalyst for a reality check. 

[bitcool]

It was assumed a bunch of investors just couldn't wait: 



Looks like they moved on, to greener places... 

[SyRenity]

Any sense to buy some AGS in PTS to recover some losses?

Otherwise it really feels as being used by project owners - once again.

[o3u]

Initially, the only mean to acquire bitshares was to buy PTS. Now you can acquire bitshares by buying AGS. PTS had a monopoly position in the market of "acquiring of bitshares"  that no longer exist.

Value of PTS was roughly cut by half since AGS.
Roughly again, the market cap of PTS is 17 200 000$ right now, so we can assume AGS destroy 17 000 000 $ of PTS value.

Since AGS started, roughly 1 BTC = 107 AGS, so 2 000 000 / 107 = 18 346 BTC
AGS market value : 18 346 * 836$ = 15 300 000 $

So AGS market value is roughly equal to PTS destroy value. So the market is irrational? mmh, not sure about that.


Basically, I3 operated a wealth transfer. They took 50% of PTS wealth and give that to themselves. Talk about the Fed...

+1

Makes sense,

the last "micro crash" i remember was when bytemaster wrote a post about selling some PTS, he then retracted when he realized so many were against that, but this AGS is a cunning way to do it without even paying attention to public opinion.

I raise my glass to you bytemaster ;).

[bytemaster]

Could it also be that GPU mining has something to do with PTS value falling?

Mining difficulty follows price, not the other way around.

[mav2000]

Could it also be that GPU mining has something to do with PTS value falling?

[BldSwtTrs]

Initially, the only mean to acquire bitshares was to buy PTS. Now you can acquire bitshares by buying AGS. PTS had a monopoly position in the market of "acquiring of bitshares"  that no longer exist.

Value of PTS was roughly cut by half since AGS.
Roughly again, the market cap of PTS is 17 200 000$ right now, so we can assume AGS destroy 17 000 000 $ of PTS value.

Since AGS started, roughly 1 BTC = 107 AGS, so 2 000 000 / 107 = 18 346 BTC
AGS market value : 18 346 * 836$ = 15 300 000 $

So AGS market value is roughly equal to PTS destroy value. So the market is irrational? mmh, not sure about that.


Basically, I3 operated a wealth transfer. They took 50% of PTS wealth and give that to themselves. Talk about the Fed...

[ripplexiaoshan]

Market is not always rational, like the Nobel prize winner said  :P. Probably people are waiting for Keyhotee, so now it's a good opportunity to buy in.

[nelion9]

In last days, PTS are going down, why?