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Offline udeluxe

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Price rising too fast
« on: November 10, 2013, 09:32:58 PM »

Seems the price is rising too fast
obviously anyone looking to sell would disagree, and obviously people looking to buy would agree
but really, it's more than doubled in 24hours   >:(

Offline nateless

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Re: Price rising too fast
« Reply #1 on: November 10, 2013, 09:34:58 PM »
difficulty increased almost ten times, so no surprise, 0.01 is a fair price..

Offline Lighthouse

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Re: Price rising too fast
« Reply #2 on: November 10, 2013, 09:38:54 PM »
.01 was also the first price - I did the second trade with Bytemaster himself 500 @ .01btc, and miners came out of the woodwork - sellers dried up and the price walked down until it met buyers at around .002, it moved from there up to .0035 over the course of like 2 days and now that the difficulty has gone up 10x, production is a fraction of what it was. 

We were finding like 2800 blocks per day instead of the 221 or so we're supposed to be finding per day, and blocks are between 35-40pts, i'm not sure where we are in that.

There are like 500,000 PTS in the wild right now - One assumes miners are holding back, I just wonder where they'll appear.
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline 5chdn

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Re: Price rising too fast
« Reply #3 on: November 10, 2013, 11:41:59 PM »
I just wonder where they'll appear.

@ 1.0 BTC  8)

Offline fav

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Re: Price rising too fast
« Reply #4 on: November 11, 2013, 06:32:08 AM »
I'll sell like 100 once the price hit 0.015 - 0.02

This is probably one of the few alts with a bright future
► How-to Buy BitShares: https://goo.gl/i9j2YZ

Offline Lighthouse

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Re: Price rising too fast
« Reply #5 on: November 11, 2013, 06:34:13 AM »
This is probably one of the few alts with a bright future

It's an alt with a Reason
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline udeluxe

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Re: Price rising too fast
« Reply #6 on: November 11, 2013, 07:51:25 AM »
come on man.. been trying to buy since 0.002 and it's now 4x the price I have 0 still
I'm crying here guys

Offline Lighthouse

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Re: Price rising too fast
« Reply #7 on: November 11, 2013, 07:57:55 AM »
come on man.. been trying to buy since 0.002 and it's now 4x the price I have 0 still
I'm crying here guys

I've been selling since .002, how come I've never heard from you?
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline udeluxe

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Re: Price rising too fast
« Reply #8 on: November 11, 2013, 08:41:28 AM »
come on man.. been trying to buy since 0.002 and it's now 4x the price I have 0 still
I'm crying here guys

I've been selling since .002, how come I've never heard from you?

maybe I was looking in wrong places :/

Offline Financisto

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Re: Price rising too fast
« Reply #9 on: November 11, 2013, 10:29:11 AM »
If price surpasses LTC/BTC, (before PTS is accepted by one of the 3 majors exchangers) things will start to get really awkward.

Offline fav

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Re: Price rising too fast
« Reply #10 on: November 11, 2013, 10:30:54 AM »
If price surpasses LTC/BTC, (before PTS is accepted by one of the 3 majors exchangers) things will start to get really awkward.

remember, there are like 550k in the wild. once PTS is accepted by an exchange, things will escalate quickly up or down
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Offline xeroc

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Re: Price rising too fast
« Reply #11 on: November 11, 2013, 01:02:14 PM »
I actually hope for the 'down' :-)
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Offline 5chdn

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Re: Price rising too fast
« Reply #12 on: November 11, 2013, 01:16:05 PM »
I like both, up and down :)

Offline Proto

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Re: Price rising too fast
« Reply #13 on: November 11, 2013, 03:00:01 PM »
Someone had to get the ball rolling, I also sold significant amounts at 0.002 and 0.003. Protocol has been adjusted to allow bigger changes than 4x in difficulty, thus we are at quite a high difficulty now.

Has anyone looked at how fragmented those 0.5 million PTS are in the blockchain?

Offline 5chdn

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Re: Price rising too fast
« Reply #14 on: November 11, 2013, 04:32:37 PM »
Ive seen some wallets with 20k pts, not much more yet

 

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