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Offline mf-tzo

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Market Report
« on: May 30, 2014, 09:08:14 AM »

Back in November - December I think Bytemaster said "NXT looks promising". That statement was enough for me. I looked at it and bought some thousands at ridiculous prices. Unfortunately NXT was very buggy back then, I wasn't feeling comfortably leaving them in an exchange so soon after I tripled my ridiculously small investment back then I sold them (I wish now I haven't  :( :(

To the point. NXT since then has done a tremendous progress for the non tech guys like me and what I really like about them is that they have almost daily a market update report. They talk about prices of alts, NXT price speculation, graphs etc...

Can we do something similar here? It would be nice if some experienced crypto investors illuminate the rest of us about what they think, how they value especially PTS/AGS, future DACs but also other altcoins that pop out all the time. Apparently this community has a lot of "geniuses" and it would be very nice to hear their thoughts about the market on a regular basis.

Thoughts?


Offline xeroc

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Re: Market Report
« Reply #1 on: May 30, 2014, 09:18:17 AM »
To the point. NXT since then has done a tremendous progress for the non tech guys like me and what I really like about them is that they have almost daily a market update report. They talk about prices of alts, NXT price speculation, graphs etc...

Can we do something similar here?
Wouldn't make sense at the moment as the product is not yet released. Once we have product, the eco and tech talk will for sure start by its own :-)
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It would be nice if some experienced crypto investors illuminate the rest of us about what they think, how they value especially PTS/AGS, future DACs but also other altcoins that pop out all the time. Apparently this community has a lot of "geniuses" and it would be very nice to hear their thoughts about the market on a regular basis.
- Ehm, .. bitshares is not meant to be an altcoin, as it will *not* be a currency!
 - All theses recent altcoin basicaly have a few new features (i.e. multi-pool, anonymous sends,...) and most use POS already. Besides that, nothing new has appeared.
 - AGS do not 'have value' because you cannot (an will never be able to) sell them.
 - Personally, I don't give investment proposals! That's up to everybody to read and decide.

Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline mf-tzo

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Re: Market Report
« Reply #2 on: May 30, 2014, 09:44:32 AM »
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Wouldn't make sense at the moment as the product is not yet released. Once we have product, the eco and tech talk will for sure start by its own :-)

I disagree! Even if PTS is not an altcoin it is a share with tradable value. It would be very nice if there was a sticky thread from the beginning talking about that value. I am a member here from the beginning and I completely missed the argument that 1 PTS = 1.3 BTS and 1 AGS = 3.33 BTS (I wasn't visiting every single day) and I took serious losses because of that. I have also missed the argument that after the snapshot everyone would sell their PTS and instead I kept on buying... Most will say " that's your problem you didn't make proper research" but the NXT community "protects" their investors with this market update thread. They don't have to go around the whole forum to look around for information and make their judgments. If there was a thread back then and most of the people were saying the same things I wouldn't have made these mistakes.

BM, Stan and others, including you Xeroc, to me are very respectable voices and I take now very seriously every single small comment you guys make!

I think that we should start the market update thread as soon as possible in order to protect long term investors like me for future losses like that. The "company" or the "investors" or the "community" should share their thoughts regarding prices and future values and market trends. This is not like anybody has insight information or something. It is collaboration of ideas for the most important part of the whole investment, that is the shares price!

NXT in their thread talk about NXT price trends and many other altcoins. Why should I be obliged to go look at their thread and read the thoughts of people I "don't know" instead of listen to the thoughts of people I "know" from this community?

In the end of the day this is also MARKETING!! Try to protect your investors with transparency and honest thoughts!




Offline mf-tzo

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Re: Market Report
« Reply #3 on: May 30, 2014, 09:53:04 AM »
and to add something else... I keep thinking how much wealthier I would have been if I have invested the same amount I invested in PTS/AGS back then to NXT and have kept it till today and this makes me furious with my self!!! I could  easily take a break from my work for 1 year and to be honest the way the market see BTS so far I don't think this will happen any time soon... :( :( :(. A market report update is essential!

Offline gamey

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Re: Market Report
« Reply #4 on: May 30, 2014, 10:00:31 AM »
I am a member here from the beginning and I completely missed the argument that 1 PTS = 1.3 BTS and 1 AGS = 3.33 BTS (I wasn't visiting every single day) and I took serious losses because of that.

NXT in their thread talk about NXT price trends and many other altcoins. Why should I be obliged to go look at their thread and read the thoughts of people I "don't know" instead of listen to the thoughts of people I "know" from this community?

In the end of the day this is also MARKETING!! Try to protect your investors with transparency and honest thoughts!

Do you know where the thread that does the equivalence math between the various shares is ?  I've always been meaning to do the math out on paper but never got around to it. I'd like to see it worked out.

People's opinions on coins are pretty much going to follow their holdings and they're going to say what they wish others to believe.  I am not sure there is much value in that.  And if you stick with the guys on here, they'll just tell you PTS is great value and to buy it up.  What other answer is there ?

However I do agree with you about discussion! This is why we need an off-topic forum that is not buried at the bottom in a discouraging manner.  You could post your market talk thread and ask for opinions.
I speak for myself and only myself.

Offline xeroc

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Re: Market Report
« Reply #5 on: May 30, 2014, 10:06:13 AM »
I disagree! Even if PTS is not an altcoin it is a share with tradable value. It would be very nice if there was a sticky thread from the beginning talking about that value. I am a member here from the beginning and I completely missed the argument that 1 PTS = 1.3 BTS and 1 AGS = 3.33 BTS (I wasn't visiting every single day) and I took serious losses because of that. I have also missed the argument that after the snapshot everyone would sell their PTS and instead I kept on buying... Most will say " that's your problem you didn't make proper research" but the NXT community "protects" their investors with this market update thread. They don't have to go around the whole forum to look around for information and make their judgments. If there was a thread back then and most of the people were saying the same things I wouldn't have made these mistakes.
For PTS we sure should set this up .. you can go for it! For BTS it doesn't make sense as BTS do not have value yet.
Sorry for your loss.. However, the "sell after snapshot" was not an agreement. It was a consequence of the snapshot and will happen over and over again after each snapshot! Afair BM announced this also on LTB (http://letstalkbitcoin.com/blog/post/caution-watch-for-falling-pts)

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BM, Stan and others, including you Xeroc, to me are very respectable voices and I take now very seriously every single small comment you guys make!
Thanks for your trust, however I am just a small part of this community. No a developer. I am helping out in my spare time when I can. Nothing too special.

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I think that we should start the market update thread as soon as possible in order to protect long term investors like me for future losses like that. The "company" or the "investors" or the "community" should share their thoughts regarding prices and future values and market trends. This is not like anybody has insight information or something. It is collaboration of ideas for the most important part of the whole investment, that is the shares price!
+5%

Quote
NXT in their thread talk about NXT price trends and many other altcoins. Why should I be obliged to go look at their thread and read the thoughts of people I "don't know" instead of listen to the thoughts of people I "know" from this community?

In the end of the day this is also MARKETING!! Try to protect your investors with transparency and honest thoughts!
I like the idea of having trusted friends of the community chat about market prices ..

Quote
I could  easily take a break from my work for 1 year and to be honest the way the market see BTS so far I don't think this will happen any time soon... :( :( :(. A market report update is essential!
There's a hole thread dedicated to that "issue"
https://bitsharestalk.org/index.php?topic=4779.0;all
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Offline xeroc

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Re: Market Report
« Reply #6 on: May 30, 2014, 10:10:03 AM »
Do you know where the thread that does the equivalence math between the various shares is ?  I've always been meaning to do the math out on paper but never got around to it. I'd like to see it worked out.
Checkout:
https://bitsharestalk.org/index.php?topic=2081.msg25208#msg25208
https://bitsharestalk.org/index.php?topic=3188.0
Discussion: https://bitsharestalk.org/index.php?topic=1631.0

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People's opinions on coins are pretty much going to follow their holdings and they're going to say what they wish others to believe.  I am not sure there is much value in that.  And if you stick with the guys on here, they'll just tell you PTS is great value and to buy it up.  What other answer is there ?
That's probably true for Bitcointalk. I am pretty sure people in here are more serious! (That might change once bitshares products is successful)

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However I do agree with you about discussion! This is why we need an off-topic forum that is not buried at the bottom in a discouraging manner.  You could post your market talk thread and ask for opinions.
There's an Economics subforum:
https://bitsharestalk.org/index.php?board=6.0
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Offline mf-tzo

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Re: Market Report
« Reply #7 on: May 30, 2014, 10:22:40 AM »
Quote
For PTS we sure should set this up .. you can go for it! For BTS it doesn't make sense as BTS do not have value yet.
Sorry for your loss.. However, the "sell after snapshot" was not an agreement. It was a consequence of the snapshot and will happen over and over again after each snapshot! Afair BM announced this also on LTB (http://letstalkbitcoin.com/blog/post/caution-watch-for-falling-pts)

If there was a specific thread back then for the price speculation and this article was posted many people would have been protected. I do not follow LTB...I only follow this forum. There is no much time to follow everything unfortunately...

Quote
For PTS we sure should set this up .. you can go for it!
. After my amazing performance in PTS trading I think I am the worst person to start this thread  ;)... Someone else more experienced should start it and pin the thread so it always comes on top!


Offline xeroc

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Re: Market Report
« Reply #8 on: May 30, 2014, 10:34:12 AM »
If there was a specific thread back then for the price speculation and this article was posted many people would have been protected. I do not follow LTB...I only follow this forum. There is no much time to follow everything unfortunately...
However, you can see it as follows: You didnt really loose money but got shares in the snapshot. The only thing "lost" is the trading opportunity making some EXTRA bucks against those uninformed.


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After my amazing performance in PTS trading I think I am the worst person to start this thread  ;)... Someone else more experienced should start it and pin the thread so it always comes on top!
Why not change the topic-title and let Amazon move+sticky this thread.
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Offline mint chocolate chip

Re: Market Report
« Reply #10 on: May 30, 2014, 06:12:44 PM »
I like this idea.

Is this the link to the NXT market report? https://nxtforum.org/trading-exchanges/nxt-market-report/180/

Offline mf-tzo

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Re: Market Report
« Reply #11 on: May 30, 2014, 06:27:29 PM »
yes.

although some times irrelevant posts are made on the thread, it is nice to see some graphs and trends when other people are noticing...

Offline mf-tzo

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Re: Market Report
« Reply #12 on: May 30, 2014, 06:51:06 PM »
so...let's see...What are your thoughts:

PTS: Probably the best share to hold and undervalued right now. The price will shout up once some products are released...No doubt about that...

NXT: What is the max Market cap you think it will reach this year? Is this the NXT big thing out there? Is it even possible to become bigger than BTC? Is it even possible that it will win the mining pools and all these investments already taking place in BTC?

BTC: How long do you thing the pump from the DISH accepting bitcoin news will last? Where do you see BTC over the summer?

PPC / XPM / FTC: Are they slowly dying and no expected further development over there?

Cure coin: For the first time I see a meaning in mining. Could this go high with some publicity? Although XPM was also some kind of mining with scientific purpose I see it dying and this makes me sad (bagholder)...

BC: I don't see any benefit compared to NXT or PPC other than good marketing efforts but I might be completely wrong here

LTC: Other than the advantage of 1st scrypt coin, I see absolutely no real value there and sooner or later it will die??

Dark coin: If this is so good, BTC could change the protocol in the future so I don't see any value there either. I think it will soon be dumped.

Mastercoin / Counterparty: Crap...

Thoughts?

Offline Mrrr

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Re: Market Report
« Reply #13 on: May 30, 2014, 08:54:48 PM »
NEM is looking stronger every day. Trading on the Nxt asset exchange now and the dev team is competent.

Mastercoin is crap, don't buy at whatever price.

XCP looks better. Sports betting to be implemented any day now. Since the announcement alone already made prices spike I suppose the world cup will do the rest.

My holdings follow my opinions, not the other way around :)



Offline donkeypong

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Re: Market Report
« Reply #14 on: May 30, 2014, 09:08:38 PM »
I speculated for long enough. Bigger players than you or me are manipulating it. The wisest thing I did was to sell all my crap coins and bet on Bitshares.

 

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