Personally, I've been burned too many times by BitShares to tell anyone else about it until v4.0 (or whatever release finally settles on a way of doing things and sticks with it).
I've grown tired of defending BTS, grown tired of explaining that what I said last week no longer applies, grown tired of trying to explain why things changed, why the wallet doesn't work, why they lost their funds, why the price is dropping after they purchased, why, why why ... I'm done.
It was a full-time job with no pay, no fun and nothing but ruined relationships with people I brought on-board waaaay too soon and that's my fault alone.
When a stable release comes out that has a solid plan behind it that won't change any time soon, I will then resume telling people about BitShares.
So no, I completely disagree 10,000% with your assessment.
Now is not the time, December & January are not the time and no time in the near future will be the time to tell anyone you know about BitShares, unless you love punishment.
FWIW, I've made out quite well riding this volatility, but many others who don't have the time or desire to sit, watch and trade all day haven't ... as this forum can attest.
Disclaimer : Those are my opinions. If you can't handle opposing opinions, enter the letters "FUD" below to show everyone that you can't think for yourself, you're over invested, butthurt and have no solid reasoning to be defending BTS right now as well.
Personally, I've been burned too many times by BitShares to tell anyone else about it until v4.0 (or whatever release finally settles on a way of doing things and sticks with it).
I've grown tired of defending BTS, grown tired of explaining that what I said last week no longer applies, grown tired of trying to explain why things changed, why the wallet doesn't work, why they lost their funds, why the price is dropping after they purchased, why, why why ... I'm done.
It was a full-time job with no pay, no fun and nothing but ruined relationships with people I brought on-board waaaay too soon and that's my fault alone.
When a stable release comes out that has a solid plan behind it that won't change any time soon, I will then resume telling people about BitShares.
So no, I completely disagree 10,000% with your assessment.
Now is not the time, December & January are not the time and no time in the near future will be the time to tell anyone you know about BitShares, unless you love punishment.
FWIW, I've made out quite well riding this volatility, but many others who don't have the time or desire to sit, watch and trade all day haven't ... as this forum can attest.
Disclaimer : Those are my opinions. If you can't handle opposing opinions, enter the letters "FUD" below to show everyone that you can't think for yourself, you're over invested, butthurt and have no solid reasoning to be defending BTS right now as well.
wow tuck? :o You are turning into me :( ...not good not good.
the post itself mainly, but including the making money from the volatility part :)
But the fun part is just about to begin
I can already taste the brownies fiasco getting closer and closer ;)
kuro112 has tipped you 100 BROWNIE.PTS, please go here to claim it: http://btstip.io/Home/Claim?cid=312&code=QzDhSmlkrIKkXLqgCurious about BtsTip? Visit us at http://btstip.io and start tipping BTS on https://bitsharestalk.org/ today!Source: https://bitsharestalk.org/index.php/topic,19873.msg255280/topicseen.html#msg255280Created by hybridd (https://bitsharestalk.org/index.php?action=profile;u=40140)
100 free brownies for the fastest one to claim. :)kuro112 has tipped you 100 BROWNIE.PTS, please go here to claim it: http://btstip.io/Home/Claim?cid=312&code=QzDhSmlkrIKkXLqgCurious about BtsTip? Visit us at http://btstip.io and start tipping BTS on https://bitsharestalk.org/ today!Source: https://bitsharestalk.org/index.php/topic,19873.msg255280/topicseen.html#msg255280Created by hybridd (https://bitsharestalk.org/index.php?action=profile;u=40140)
last year I told people about BTS. they lost lots of money.me too.
maybe these words will also be correct at this time next year.
that's why I'm afraid to tell people about BTS.
As much as a want to tell people about Bitshares, i haven't. You forget, we are on the cutting edge and willing to make mistakes and lose money (as much as it hurts). Most of the people I would recommend are not crypto-computer-liberty-nerds. They are not going to have the patience to deal with all the issues. The people who need this the most are the ppl who can't afford to lose money on alpha testing. They need a rock solid product.
After spending five minutes on the site, any newcomer should be saying, "Oh, that's how it works!." instead of "What the #$@% is this??"
I want to fight the power not the code.
last year I told people about BTS. they lost lots of money.me too.
maybe these words will also be correct at this time next year.
that's why I'm afraid to tell people about BTS.
bullshit!
When you tell people about BTS try to tell the people who don't want a quick profit. If they want a quick profit probably should stay away from BTC also because BTC is way down from 2014 or 2013.
When you tell people about BTS you have to tell them that it could take possibly 3-5 years before they get ROI. This is because Bitcoin and all the altcoins are in red. The people who bought Bitcoin for $700-1000 are upset and think they lost their money so they aren't buying right now.
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
But to sustain you need to build an ecosystem, not just tell people to buy Bitshares, but you have to tell people to support Bitshares, which is very different. To support Bitshares you have to bring value to it, using whatever it is that you have to offer. You have ideas to improve Bitshares? Share them. You can write code? Contribute. You speak 20 languages? Translate. You can do marketing? Tell people about the opportunities Bitshares offers.
When marketing Bitshares you don't just tell people to buy Bitshares. You have to show people the opportunities it current offers, you have to let them demo Bitshares, you have to prove Bitshares is an opportunity by actually profiting from the ecosystem yourself, and then when you tell them to buy Bitshares they'll know they are buying into an ecosystem and not just a shitcoin.
For people who understand why I said to tell people about BTS now, then you understand what you have to do.
For people who don't understand, I would say if you'd like to sell your BTS at these cheap prices go ahead. The people I tell about BTS will get in even cheaper and the profit will go to them instead.
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
Don't confuse BTSX with BTS. BTSX was a VERY different model. BTSX had a peak of over $100 million and nearly ฿ 0.0001.
While BTS referenced it's initial valuation from BTSX, it has been in decline since it was conceived & created.
BTS did rise more than 50% to high of $20 million with announcement of 2.0 in May though.
If you make a graph for BTSX up until 2014/10/04 and one for BTS after, you'll really see the difference esp. vs. BTC
When someone talks about long term investment into crypto coin, this sounds really funny. What long term are you talking about? They all get out of dated in less then three years,
because better blockchains come out. It is more like a donation to developers than an investment. Sometimes, early adopters make profit only because much larger number of later adopters suffer loss.But they don't come out overnight, and then no one would know about them which means they'd go through the same community building marketing process Bitshares had to go through, or Bitcoin. They might be better at marketing but still, as long as Bitshares has talented people supporting it, it doesn't really matter if some other blockchain is developed.
As for BTS, it has a special purpose as collateral and fee token. As a user, you need only enough of them to satisfy these needs. For spinning up bitshares ecosystem, it does not matter which asset do you hold or trade. Centralized exchanges don't issue any special tokens at all, and yet some of them are quite successful.
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
Don't confuse BTSX with BTS. BTSX was a VERY different model. BTSX had a peak of over $100 million and nearly ฿ 0.0001.
While BTS referenced it's initial valuation from BTSX, it has been in decline since it was conceived & created.
BTS did rise more than 50% to high of $20 million with announcement of 2.0 in May though.
If you make a graph for BTSX up until 2014/10/04 and one for BTS after, you'll really see the difference esp. vs. BTC
For me, this is one of the most confusing and difficult to grasp part of Bitshares (BTSX/BTS)... what is it? who defines that "what"? and how many tokens exist?
it seems that the number of tokens in the Bitshares system can be arbitrarily changed by ONE entity... and it does... or at least it did in the past
When I talk to people about Bitcoin, I always say: "There are 21million of them" that is something that will NEVER change!!! I think I am right about that... of course, it could change ... but when that happens then it will most certainly not be called "bitcoin".. it will be called "new bitcoin" or "bitcoin 2.0" ...like when Coke changed to "new coke"
So, the point being... from my point of view... this very very important (non)variable of Bitshares has been blemished/broken... and makes it look really bad to the outside world.
I'm here because I like all the ideas that are pouring into the project, and I also see all the potential within a technology (if it works) that is designed as this is!
--- I hope you see I am not attacking.. I am CONGRATULATING EVERYONE here who is brave and steadfast supporting things here ---
btw... I am BUYING A LOT OF BTS!!! heheheehehehe... I will NEVER dump them! ... I hope to "spend" them in a PREDICTION market that is better than Hive Mind... or maybe even Augur (though I like Augur's project so far... and have bought quite a few REPs
When I talk to people about Bitcoin, I always say: "There are 21million of them" that is something that will NEVER change!!! I think I am right about that... of course, it could change ...
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
Don't confuse BTSX with BTS. BTSX was a VERY different model. BTSX had a peak of over $100 million and nearly ฿ 0.0001.
While BTS referenced it's initial valuation from BTSX, it has been in decline since it was conceived & created.
BTS did rise more than 50% to high of $20 million with announcement of 2.0 in May though.
If you make a graph for BTSX up until 2014/10/04 and one for BTS after, you'll really see the difference esp. vs. BTC
But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
Don't confuse BTSX with BTS. BTSX was a VERY different model. BTSX had a peak of over $100 million and nearly ฿ 0.0001.
While BTS referenced it's initial valuation from BTSX, it has been in decline since it was conceived & created.
BTS did rise more than 50% to high of $20 million with announcement of 2.0 in May though.
If you make a graph for BTSX up until 2014/10/04 and one for BTS after, you'll really see the difference esp. vs. BTC
That is because of dilution. The decline was predictable because the dilution occurred during an overall crypto recession. All altcoins have been in decline around this same time, so it's not like Bitshares is somehow the only altcoin in decline.
Right now Bitcoin and every similar project is at a lower price than it was in the time when BTSX launched. Bitcoin and many projects however kept pushing forward, innovation has not stopped, the work has not stopped, and that is why there is long term confidence. As long as Bitshares developers and businesses don't stop, then eventually when interest picks up again the new people will discover the value of the Bitshares platform.
From the look at the price it's at the cheapest price it's ever been, even cheaper than it was at the Protoshares stage. Anyone buying now would be buying in at the early adopter prices.is it realy good time to tell ppl abut BTS?
And eventually the price is going to go way up again, just as it did with Bitcoin, Litecoin and any of the others. As long as the developers continue to add utility, improve UX, improve the UI, these low prices will not be sustainable.
At the same time Ethers are cheap also, but at $1 people might not get as much ROI as they could get in BTS. This makes BTS as underpriced as it is, a very good buy at this time. At the same time if anyone can earn it, it would be very wise to hold onto it.
I did some math, and Ethereum could someday be $50 or $100 each if the market cap gets high enough and it probably will. Bitshares on the other hand could someday reach 50cents to $1 each, with a reasonably high market cap. This would mean you could acquire potentially $200,000 worth of Bitshares for the price of 1 Bitcoin?
You would think every Bitcoin holder who has more than a few Bitcoins would put at least 1 BTC into Bitshares, but it is likely the Bitcoin distribution is extremely centralized, and this would explain why we don't see that. On the other hand with a fiat onramp you might not need BTC to acquire BTS and if people are willing to earn BTS you also don't need BTC to acquire BTS.
The rise of Ethereum, SAFE Network, NXT and others will also have interesting implications for BTS. Altcoin holders might be more likely to diversify, and individuals who feel that Bitcoin is too expensive might be more likely to diversify as they have in the past.
A prediction I'll make is that December-Janurary will be the best months to acquire large stakes in BTS. Save your money for those months.
From the look at the price it's at the cheapest price it's ever been, even cheaper than it was at the Protoshares stage. Anyone buying now would be buying in at the early adopter prices.is it realy good time to tell ppl abut BTS?
And eventually the price is going to go way up again, just as it did with Bitcoin, Litecoin and any of the others. As long as the developers continue to add utility, improve UX, improve the UI, these low prices will not be sustainable.
At the same time Ethers are cheap also, but at $1 people might not get as much ROI as they could get in BTS. This makes BTS as underpriced as it is, a very good buy at this time. At the same time if anyone can earn it, it would be very wise to hold onto it.
I did some math, and Ethereum could someday be $50 or $100 each if the market cap gets high enough and it probably will. Bitshares on the other hand could someday reach 50cents to $1 each, with a reasonably high market cap. This would mean you could acquire potentially $200,000 worth of Bitshares for the price of 1 Bitcoin?
You would think every Bitcoin holder who has more than a few Bitcoins would put at least 1 BTC into Bitshares, but it is likely the Bitcoin distribution is extremely centralized, and this would explain why we don't see that. On the other hand with a fiat onramp you might not need BTC to acquire BTS and if people are willing to earn BTS you also don't need BTC to acquire BTS.
The rise of Ethereum, SAFE Network, NXT and others will also have interesting implications for BTS. Altcoin holders might be more likely to diversify, and individuals who feel that Bitcoin is too expensive might be more likely to diversify as they have in the past.
A prediction I'll make is that December-Janurary will be the best months to acquire large stakes in BTS. Save your money for those months.
yeah will tell ppl that bts could make 1 m transactions but has lost its value significantly.
please just show me a perfectly working product that l could be convinced to tell ppl about bts?
by the way l have convinced two friends of mine they have lost a lot with buying bts.
Regards
is it realy good time to tell ppl abut BTS?
yeah will tell ppl that bts could make 1 m transactions but has lost its value significantly.
please just show me a perfectly working product that l could be convinced to tell ppl about bts?
by the way l have convinced two friends of mine they have lost a lot with buying bts.
Regards
is it realy good time to tell ppl abut BTS?
yeah will tell ppl that bts could make 1 m transactions but has lost its value significantly.
please just show me a perfectly working product that l could be convinced to tell ppl about bts?
by the way l have convinced two friends of mine they have lost a lot with buying bts.
Regards
It's pretty obvious, but it bears repeating: No one has lost anything until they've sold at a value less that what they purchased for, so if that's the case, then yes, they've perhaps lost a lot. Until then, you're sitting on a basket of goods with unknown potential.
I told a number of friends to invest when BitShares was around $.02
They're all still holding, and haven't lost a thing. If I were them I'd buy more at this price and lower my price per share average, but I understand if that's too rich for most folks blood... we are on the bleeding edge after all.
It ain't over till the smart-chain spins!