PSA: I'm buying... and you probably should be too

[mtang]

Making BTSX to The Moon to celebrate the Chinese mooncake(MidAutumn) festival is so intresting
 

[Method-X]

12h MACD. Oh yeah!

I wish I knew what that meant and why you're so excited  . Maybe next time I'm in TO I'll buy you a beer or five and you can enlighten me.

Five beers? Hell yeah. I'll buy the second round! 

[Method-X]

12h MACD. Oh yeah!

I wish I knew what that meant and why you're so excited  . Maybe next time I'm in TO I'll buy you a beer or five and you can enlighten me.

http://en.wikipedia.org/wiki/MACD

Do not get too involved though, thoughts of another school in the same discipline (technical analyses) just posted this:

https://bitsharestalk.org/index.php?topic=8252.msg111556#msg111556

I think that guy is just saying there will be a correction. He's correct. Buy when it bottoms.

EDIT: Should be around 0.00007500 then another leg up.

[tonyk]

12h MACD. Oh yeah!

I wish I knew what that meant and why you're so excited  . Maybe next time I'm in TO I'll buy you a beer or five and you can enlighten me.

http://en.wikipedia.org/wiki/MACD

Do not get too involved though, thoughts of another school in the same discipline (technical analyses) just posted this:

https://bitsharestalk.org/index.php?topic=8252.msg111556#msg111556

[Riverhead]

12h MACD. Oh yeah!

I wish I knew what that meant and why you're so excited  . Maybe next time I'm in TO I'll buy you a beer or five and you can enlighten me.

[Empirical1.1]

- Decentralisation. I don't see how centralization would ever become a problem. DPoS solves the mining problem brilliantly.

The market peg is the biggest question mark.

DPOS is great but BTSX isn't decentralised yet.

Until there's a decentralised development system in place or alternatively a client that needs very little development. BTSX will be very centralised for 3 months+ I imagine. BTC38 also controls a large % of BTSX which is a centralised weak point.

The market peg isn't a question mark for me, by stopping shorting below the peg and introducing BitYield, I'm very optimistic. Probably some tweaking will happen but I expect to it work well.

(Not withstanding that I'm kind of confused about how basic aspects of shorting work in practice...)

[Tuck Fheman]

[Method-X]

I only think about 3 main things myself

1. BitInterest
2. Stable Client
3. Decentralisation

The BitInterest system was the most important to me. (Besides fees if you can extract $ from people willing to pay a premium to short at 1-1 and pass it onto longs in the form of interest it will increase demand, adoption, liquidity and support the peg.)  I think BTSX can pass LiteCoin very quickly just with the introduction of BitYield. 

Once those three elements above are in place then you have a base to challenge Bitcoin imo, but even with marketing, trading interface etc, if anyone of those three elements can't be described as 'excellent' then it will be hard to surpass $1 Billion imo.

All of those things will happen in my opinion.

- BitInterest. It's happening and I don't see why it would fail.

- Stable client is a given. It's already pretty stable after two weeks of iteration.

- Decentralisation. I don't see how centralization would ever become a problem. DPoS solves the mining problem brilliantly.

The market peg is the biggest question mark.

[Empirical1.1]

Up about 20% since posting, hope I was bidding against at least a few of you!

Will probably pull back into the low 70's but the trend is bullish as hell.

My completely unsubstantiated prediction for milestones over the next four months:


1. Client stabilized

2. Trading interface released

4. Liquidity/depth/volume increases substantially

5. Pegs consolidate

6. Smart money buys in

7. BTSX surpasses Litecoin in market cap

8. Marketing hype

9. Bitcoin/Alt money buys in

10. $1bn cap breached on/before Jan 2015


I'll bump this in the New Year for entertainment value.

Good luck to all!

  I only think about 3 main things myself

1. BitInterest
2. Stable Client
3. Decentralisation

The BitInterest system was the most important to me. (Besides fees if you can extract $ from people willing to pay a premium to short at 1-1 and pass it onto longs in the form of interest it will increase demand, adoption, liquidity and support the peg.)  I think BTSX can pass LiteCoin very quickly just with the introduction of BitYield. 

Once those three elements above are in place then you have a base to challenge Bitcoin imo, but even with marketing, trading interface etc, if anyone of those three elements can't be described as 'excellent' then it will be hard to surpass $1 Billion imo.

[CLains]

[Method-X]

12h MACD. Oh yeah!

[oldman]

Up about 20% since posting, hope I was bidding against at least a few of you!

Will probably pull back into the low 70's but the trend is bullish as hell.

My completely unsubstantiated prediction for milestones over the next four months:


1. Client stabilized

2. Trading interface released

4. Liquidity/depth/volume increases substantially

5. Pegs consolidate

6. Smart money buys in

7. BTSX surpasses Litecoin in market cap

8. Marketing hype

9. Bitcoin/Alt money buys in

10. $1bn cap breached on/before Jan 2015


I'll bump this in the New Year for entertainment value.

Good luck to all!

[Method-X]

Looks like we're due for another leg up soon. The 6 hour MACD looks good and 12 hour will cross over soon.

http://www.sosobtc.com/kline/btsx/btc38.html

[speedy]

Thanks riverhead - Im glad this a long way off 

[Riverhead]

I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

Or how about inactivity fees get scrapped? Seriously whats the point of them. It makes cold storage a nightmare.

I replied to this in another post. BM can chime in if I've misstated his thoughts:

During the Mumble session on Friday Sept 5, 2014 I asked BM about this and here is a summary of his thoughts:

1) Any action on the account counts, such as simply logging in to collect your interest. This is much like what banks do today with accounts that become dormant over a period of time. Also, since the platform supports an API it is possible for 3rd party software to provide a service of tending to your funds to make sure they see some activity.

2) The 5% inactivity fee provides a valuable service to the ecosystem. With most crypto currency implementations when a private key is "lost", i.e. the owner has lost access to their private keys, or very small amounts (dust) is left languishing as unspent outputs, these funds are lost forever. The network doesn't know what percentage of supply accounts for "lost" funds. With the 5% inactivity fee these funds will eventually get merged back into the network to rejoin supply.

3) As stated above this is still in the very very early discussion process. There is 10 - 11 months left to figure it out.

[Method-X]

I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

Or how about inactivity fees get scrapped? Seriously whats the point of them. It makes cold storage a nightmare.

I actually really like the idea of inactivity fees. Like everything in life, tradeoffs must be made.

Primarily they eliminate "dead coins" - people die and unfortunately their private key will be lost when they do. This can either be left alone and we'll just consider it a dividend / deflation. OR the exchange can capture that power and use it strategically. Since BTSX is already deflationary by default I think using dead coins strategically is the superior option.

[speedy]

On the other hand, I think BTC will rally when an ETF inevitably goes live.

What do you mean by this ?

He is referring to the Winklevoss twins' Bitcoin ETF fund. On the other hand it might cause BTC to drop because it might just be a way for them to dump their coins. Who knows.

[gamey]

On the other hand, I think BTC will rally when an ETF inevitably goes live.

What do you mean by this ?

[xeroc]

I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

*confirmed*

for 'cashing out' the 'interest' (name changed afaik) there will be a different RPC call .. or a new button somewhere in the client ..
I guess the button also automatically moves the funds .. let's see ..

[speedy]

I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

Or how about inactivity fees get scrapped? Seriously whats the point of them. It makes cold storage a nightmare.

[Akado]

I still don't understand how we are supposed to earn interest when we have the inactivity fees at the same time. Can we just send our assets to ourselves and problem solved?

[speedy]

I want to braindump my current thoughts...

On the one hand, I want to convert the rest of my BTC into BTSX.

On the other hand, I think BTC will rally when an ETF inevitably goes live.

So far I've been dollar cost averaging for the past few weeks.

Decisions, decisions...

If BTC does rally, BTSX will rally automatically as well, because they are linked. Go all in!

[Method-X]

I want to braindump my current thoughts...

On the one hand, I want to convert the rest of my BTC into BTSX.

On the other hand, I think BTC will rally when an ETF inevitably goes live.

So far I've been dollar cost averaging for the past few weeks.

Decisions, decisions...

[tonyk]

So it's you I've been bidding against on Bter all day!

I got several small orders also that got outbid for almost 2.5 hours...

[CLains]

'Tis gonna get ridiculi my gang of strangers.

[xeroc]

Welcome to the spacerocket to beyond the moon .. fasten your seat belts and enjoy the ride! Wooohoooo!

[jsidhu]

It does look like we are budding on a break upwards.

[Method-X]

 

So it's you I've been bidding against on Bter all day!

[jae208]

For any that have not been following this thread: https://bitsharestalk.org/index.php?topic=8396.0;topicseen please be aware that a major breakthrough happened today.

Bytemaster proposed and implemented a mechanism for paying rewards (interest) to bitAsset investors.

This means that bitUSD, bitGLD, bitBTC, bitCNY or any bitAsset will now earn the holder rewards (interest).

Moreover, it is likely the rate will be substantially higher than offered by fiat institutions.

People all over the world can now hold their wealth in stable asset classes and enjoy a ROI that is greater than debt with basically zero counterparty risk.

The importance of this cannot be understated. The Eurozone is now pushing negative interest rates. Most other deposit/money market/cash interest rates are a fraction of a percent.

The world is absolutely rabid for yield, and everything with a decent yield is either obscenely inflated (equities) or comes with enormous counterparty risk (sovereign debt).

If BM is successful and bitUSD5 works there will be a tidal wave of wealth flowing into BTSX that will make BTC look like a Dogeparty.

The usual disclaimers apply - this is a high risk investment, don't invest more than you can lose and you are responsible for your own actions.

 

[Empirical1.1]

 

[Overthetop]

New Era.

 

[GaltReport]

 

[oldman]

For any that have not been following this thread: https://bitsharestalk.org/index.php?topic=8396.0;topicseen please be aware that a major breakthrough happened today.

Bytemaster proposed and implemented a mechanism for paying rewards (interest) to bitAsset investors.

This means that bitUSD, bitGLD, bitBTC, bitCNY or any bitAsset will now earn the holder rewards (interest).

Moreover, it is likely the rate will be substantially higher than offered by fiat institutions.

People all over the world can now hold their wealth in stable asset classes and enjoy a ROI that is greater than debt with basically zero counterparty risk.

The importance of this cannot be understated. The Eurozone is now pushing negative interest rates. Most other deposit/money market/cash interest rates are a fraction of a percent.

The world is absolutely rabid for yield, and everything with a decent yield is either obscenely inflated (equities) or comes with enormous counterparty risk (sovereign debt).

If BM is successful and bitUSD5 works there will be a tidal wave of wealth flowing into BTSX that will make BTC look like a Dogeparty.

The usual disclaimers apply - this is a high risk investment, don't invest more than you can lose and you are responsible for your own actions.