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Offline D4vegee

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Just bought a load of PTS
« on: April 24, 2014, 10:36:49 AM »

Been following Invictus for 6 months now. I had a few PTS back in feb (For the snapshot) and still have them in my wallett. But having seen the price of PTS slowly decline over the past few weeks. I thought what the hell, buy some more! I just hope they don't drop like a ton of bricks.. I'm in this now for the long-haul. Cheers all !

Offline xeroc

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Re: Just bought a load of PTS
« Reply #1 on: April 24, 2014, 11:09:02 AM »
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
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Offline D4vegee

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Re: Just bought a load of PTS
« Reply #2 on: April 24, 2014, 11:24:34 AM »
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

Offline Mrrr

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Re: Just bought a load of PTS
« Reply #3 on: April 24, 2014, 12:11:15 PM »
Its called Angelshares.

The big pro for PTS is that they are liquid. You can decide which DACs are of interest to you. If somewhere along the road something pops up that you don't have interest in you can sell your PTS before the snapshot, and rebuy a day later. I believe these price movements to become less and less extreme in the future though.

I think the mass sell-off was because at the moment BTS is the only more or less tangible DAC at the moment, and I3's vedette.

With the last snapshot BTER credited users accounts with Bitshares, no there was no need  to move the PTS off the exchange. Don't know if they'll keep doing that in the future though.

Offline D4vegee

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Re: Just bought a load of PTS
« Reply #4 on: April 24, 2014, 12:25:57 PM »
Understood. So keep them for future DAC's of interest. If not sell just before a DAC that I have no interest in (assuming I'm not selling at a loss) And buy back in after. Makes sense.

Offline donkeypong

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Re: Just bought a load of PTS
« Reply #5 on: April 24, 2014, 03:38:07 PM »
Bitshares Me, Music, Insurance, DNS, Lotto...lots of potential snapshots coming. Those PTS you bought for less than $5, if you hold onto them, may be a holding of historical importance. As long as DACs are coming out, I'm not selling mine, even if the price spikes with a coming snapshot. It's the gift that keeps on giving.

Offline biophil

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Re: Just bought a load of PTS
« Reply #6 on: April 24, 2014, 04:21:30 PM »
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.

Fret not; post-snapshot price drops aren't something to be afraid of. :)

Offline soniq

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Re: Just bought a load of PTS
« Reply #7 on: April 24, 2014, 07:02:02 PM »
 +5%
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.


A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.

Fret not; post-snapshot price drops aren't something to be afraid of. :)
+5% +5%
Pr7V9GUm59dtKWXG6RJSymPsyCaCKWwNEj
Soniq on Bitcointalk -- Verified
Bitshares btsx:soniq

Offline Stan

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Re: Just bought a load of PTS
« Reply #8 on: April 24, 2014, 07:16:39 PM »
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.

Fret not; post-snapshot price drops aren't something to be afraid of. :)



Here is the article where we published the theory behind the characteristic sawtooth pattern of PTS.


Its like a battery charging up with anticipation, discharging a spark of new DAC life, and then charging up again.  The net amount of energy keeps growing and is conserved across sparks, since all that happens is that some of your value moves into the new chain - which you also own.

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 D4vegee

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Re: Just bought a load of PTS
« Reply #9 on: April 24, 2014, 08:02:22 PM »
I like your reference to mcfly and the doc! A good analogy! Thanks guys for the pointers / re-assurance. To be honest, i would have been reluctant to keep selling, buying PTS anyway. Your replies mean something. I will just keep them - and build up my pot!

Looking forward to the future guys!


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Offline NewMine

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Re: Just bought a load of PTS
« Reply #10 on: April 25, 2014, 02:34:01 PM »
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.

Fret not; post-snapshot price drops aren't something to be afraid of. :)



Here is the article where we published the theory behind the characteristic sawtooth pattern of PTS.


Its like a battery charging up with anticipation, discharging a spark of new DAC life, and then charging up again.  The net amount of energy keeps growing and is conserved across sparks, since all that happens is that some of your value moves into the new chain - which you also own.


That is assuming the new DAC begins trading at Snapshot PTS price minus post PTS snapshot price. It could trade for more or it could trade for less. I don't think you could guarantee either way.

They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

Unless a bunch of miners jump on board, with this difficulty you will not be able to be quick.

Offline Stan

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Re: Just bought a load of PTS
« Reply #11 on: April 25, 2014, 02:45:07 PM »
Not a problem with DPOS-based PTS 2.0.
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 Stan

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Re: Just bought a load of PTS
« Reply #12 on: April 25, 2014, 02:50:09 PM »

Quote
Its like a battery charging up with anticipation, discharging a spark of new DAC life, and then charging up again.  The net amount of energy keeps growing and is conserved across sparks, since all that happens is that some of your value moves into the new chain - which you also own.


Quote
That is assuming the new DAC begins trading at Snapshot PTS price minus post PTS snapshot price. It could trade for more or it could trade for less. I don't think you could guarantee either way.

Anything can happen in practice.  In theory, the combined value after a snapshot should go up because the expected value of the realized new DAC is higher than the value of the potential new DAC before the snapshot.
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 biophil

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Re: Just bought a load of PTS
« Reply #13 on: April 25, 2014, 02:50:41 PM »
That is assuming the new DAC begins trading at Snapshot PTS price minus post PTS snapshot price. It could trade for more or it could trade for less. I don't think you could guarantee either way.

They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.

Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.

Unless a bunch of miners jump on board, with this difficulty you will not be able to be quick.

Another reason you won't be able to be quick (DPOS or no) is that most of the exchanges issued a trading halt, some for a couple days, right around the time of the snapshot.

Offline donkeypong

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Re: Just bought a load of PTS
« Reply #14 on: April 25, 2014, 03:00:42 PM »
One or two exchanges were confused, but it is inaccurate to say that most halted trading. Exchanges will need to understand the snapshots better, as I believe the Bitshares DACs and their 'coins' will become the bread and butter of most exchanges.

 

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