Author Topic: BTSX is taking off!  (Read 2710 times)

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merockstar

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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.

Offline toast

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Supply is 2b. Multiply old expected bts by 500

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Offline Bitshark

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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 Bitshark

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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 cygnify

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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 yellowecho

Current BTSX market cap at 58,000BTC on Bter.  Look out, NXT, we're coming for you!    :P   
696c6f766562726f776e696573

Offline BldSwtTrs

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It will go up a lot eventually, but right now its a demand/supply issue.
It will always be a demand/supply issue  ;)

sumantso

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It will go up a lot eventually, but right now its a demand/supply issue.

Offline liondani

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Offline bitcoinerS

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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.
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Offline xeroc

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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 ..

Offline gyhy

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Offline bitcoinerS

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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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