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Offline bitcoinerS

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BTSX is taking off!
« on: July 12, 2014, 09:05:28 AM »

BTSX has not even been released yet, but is already market valued at over 50000 BTC! Congrats everyone and I am pretty sure we are just getting started ;)

https://bter.com/
https://bter.com/trade/BTSX_BTC

How soon to the moon?
« Last Edit: July 12, 2014, 05:08:36 PM by bitcoinerS »
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Offline gyhy

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Re: BTSX is taking off!
« Reply #1 on: July 12, 2014, 09:17:06 AM »
 +5%

Offline xeroc

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Re: BTSX is taking off!
« Reply #2 on: July 12, 2014, 10:41:05 AM »
Hmm .. not so fast .. aurora coin also had high cap with a low number of available coins ..

I guess and hope for a massive dump once tge liquidity rices ..
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Offline bitcoinerS

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Re: BTSX is taking off!
« Reply #3 on: July 12, 2014, 10:46:15 AM »
Hmm .. not so fast .. aurora coin also had high cap with a low number of available coins ..

I guess and hope for a massive dump once tge liquidity rices ..

I am buying.
>>> approve bitcoiners

Offline liondani

Re: BTSX is taking off!
« Reply #4 on: July 12, 2014, 12:11:16 PM »
  https://bitshares.OPENLEDGER.info/?r=GREECE  | You are in Control | BUY | SELL | SHORT | SWAP | LOAN | TRADE |  

sumantso

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Re: BTSX is taking off!
« Reply #5 on: July 12, 2014, 01:20:52 PM »
It will go up a lot eventually, but right now its a demand/supply issue.

Offline BldSwtTrs

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Re: BTSX is taking off!
« Reply #6 on: July 12, 2014, 04:58:40 PM »
It will go up a lot eventually, but right now its a demand/supply issue.
It will always be a demand/supply issue  ;)

Offline yellowecho

Re: BTSX is taking off!
« Reply #7 on: July 13, 2014, 01:22:49 AM »
Current BTSX market cap at 58,000BTC on Bter.  Look out, NXT, we're coming for you!    :P   
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Offline cygnify

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Re: BTSX is taking off!
« Reply #8 on: July 13, 2014, 01:55:00 AM »
I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?
« Last Edit: July 13, 2014, 01:58:25 AM by cygnify »

Offline Bitshark

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Re: BTSX is taking off!
« Reply #9 on: July 13, 2014, 02:02:35 AM »
Current BTSX market cap at 58,000BTC on Bter.  Look out, NXT, we're coming for you!    :P

Heavily inflated. The trade volume is pennies, just minnows rushing to get in.

Offline Bitshark

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Re: BTSX is taking off!
« Reply #10 on: July 13, 2014, 02:04:01 AM »
I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?

.0000293 per BTSX share. How many shares did you get per BTC is the question.

Offline toast

Re: BTSX is taking off!
« Reply #11 on: July 13, 2014, 02:06:52 AM »
Supply is 2b. Multiply old expected bts by 500

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merockstar

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Re: BTSX is taking off!
« Reply #12 on: July 13, 2014, 02:07:51 AM »
I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?

your share is going to be proportional to a 2 billion supply, instead of the 4 million as originally planned. bter originally was basing it on a 4 million supply, but updated it to reflect the decision to increase supply.

you're going to have 500x the amount of btsx you think you had to account for this price difference (if you bought them on bter, then they're already showing this change, go check your account balance)

market cap = supply * price; so if supply goes up and market cap stays the same the price goes down.

 

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