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... for me, once we have the debit card functionality i would like to start banking with BitUSD and start holding more and more BTS. Its ease of use that makes a difference. We're getting there though.
More onramps are in the works, both the official marketing team and the community marketing team are working on these, both to buy BTS as well as directly into bitassets. Its going to take some time though.
Just wondering ... Has bytemaster said anything about being able to convert fiat to bts?ThanksMike
Buying bitshares takes way way to long and it involves coverting fiat to bitcoin then bitcoin to bitshares. Until you can buy bitshares straight with fiat...
So... coming back on the OP...Why we are falling again? a week ago there was a nice pump with some decent volume and since then fall again despite the nice developments and snapshots... This doesn't create much confidence so I was wondering of potential explanations..
do you tink this no to the gold referendum in swiss might have a positive effect on cryptos ?just read this http://www.cryptonews.biz/switzerland-says-no-to-the-save-our-swiss-gold-campaign/
Quote from: oakmaster on November 22, 2014, 03:44:07 pmA multipool that pays bitshares would help NXT has one u can also invest in the pool by buying shares on AE I would gladly point my miners to it just a suggestion I think it could help minebitshares.com !
A multipool that pays bitshares would help NXT has one u can also invest in the pool by buying shares on AE I would gladly point my miners to it just a suggestion I think it could help
Well said Ander:"I think the main problem is that there are probably only a hundred or so people in the world that actually understand the BTS paid delegates plan, and its benefits, and all of us are on this message board. And there are thousands of crypto investors out there who bought BTS who have literally no clue what is going on with it, and they just see 'dilution' and the price declining, and they just dump and dump. At this point we really need the marketing campaign, we need the bitshares info website back up, and we need press releases explaining what has happened and what is coming next, and getting people interested and researching bitshares again. Once this happens we should get a lot of buying power and the price should rise. Until it happens we will just keep going lower. "
I am sure someone bought at around 0.2 CNY will be very frustrated.
Quote from: OldMan on November 20, 2014, 10:26:39 amOne would think the largest investors, by definition, would have the best grasp of the potential of BTS.It does seem odd that someone with a substantial stake would be heavily divesting at this point... prior to any real marketing.Or perhaps they are speculating and attempting to grow their stake by causing a run and then buying back in.It is interesting to watch the price fall clear back to launch prices. The good news is that after a dry spell of no one being willing to short BitUSD there is now huge demand to short the dollar. I suspect someone is selling down external exchanges so they can get a good short entry point on the internal exchange.
One would think the largest investors, by definition, would have the best grasp of the potential of BTS.It does seem odd that someone with a substantial stake would be heavily divesting at this point... prior to any real marketing.
Quote from: bytemaster on November 20, 2014, 03:37:46 pmQuote from: OldMan on November 20, 2014, 10:26:39 amOne would think the largest investors, by definition, would have the best grasp of the potential of BTS.It does seem odd that someone with a substantial stake would be heavily divesting at this point... prior to any real marketing.Or perhaps they are speculating and attempting to grow their stake by causing a run and then buying back in.It is interesting to watch the price fall clear back to launch prices. The good news is that after a dry spell of no one being willing to short BitUSD there is now huge demand to short the dollar. I suspect someone is selling down external exchanges so they can get a good short entry point on the internal exchange.interesting?damnI am sure someone bought at around 0.2 CNY will be very frustrated.
A better question to ask might be, "Why has Ripple been rising?"
Some biggie is exiting slowly. See all the 200k, 100k sells at regular intervals.I think we will see new lows in the near future, the confidence is gone. Would've been delighted except I am totally out of BTCs.
Considering Bitcoin has had another failing rally and is probably headed sub 300 again... We should see a market cap on BTS near $20 billion before the end of the year. I think it will maintain its position as the 4th overall market cap crypto as all the other cryptos will fall with bitcoin.The pain is far from over in the crypto currency space, and we won't hit bottom until everyone who is saying "I bought more" or "I bought all I can and am holding" has panicked and sold. Only then will we get the turn and a sustained bull market. Markets are an evil beast designed to prey on your emotions, and make the fewest amount of people money.A good quote from Paul Tudor Jones "Do the trade that makes you wan't to puke"... I havn't seen many BTS bulls looking for the barf bags lately
Quote from: bytemaster on November 18, 2014, 07:20:42 pmQuote from: Ander on November 18, 2014, 07:15:03 pmWe badly need market maker bots in the bitUSD market providing liquidity.Even if they operate at a loss for a while, the positive impact that it would have on bitshares is well worth it.Just look at Nubits. Everyone thinks nubits works great and is an amazing technology, simply because they are providing liquidity to the market. Everyone thinks bitAssets barely work at all, and Nubits is way better, because we dont provide any liquidity.If there was actual liquidity in the market, then people could use it, they could actually create shorts, and so on.This is why we are working on relative bid/ask orders to help aid the creation of liquidity. thanks you are reminding this to us when ever you can!With this implementation we will be all market makers PS An estimation when this future gets implemented on the client ? I can't wait !
Quote from: Ander on November 18, 2014, 07:15:03 pmWe badly need market maker bots in the bitUSD market providing liquidity.Even if they operate at a loss for a while, the positive impact that it would have on bitshares is well worth it.Just look at Nubits. Everyone thinks nubits works great and is an amazing technology, simply because they are providing liquidity to the market. Everyone thinks bitAssets barely work at all, and Nubits is way better, because we dont provide any liquidity.If there was actual liquidity in the market, then people could use it, they could actually create shorts, and so on.This is why we are working on relative bid/ask orders to help aid the creation of liquidity.
We badly need market maker bots in the bitUSD market providing liquidity.Even if they operate at a loss for a while, the positive impact that it would have on bitshares is well worth it.Just look at Nubits. Everyone thinks nubits works great and is an amazing technology, simply because they are providing liquidity to the market. Everyone thinks bitAssets barely work at all, and Nubits is way better, because we dont provide any liquidity.If there was actual liquidity in the market, then people could use it, they could actually create shorts, and so on.
please don't do huge market-maker at wallet market!Please don't encourage market maker at wallet market!Within large volume, market-maker will die very miserably, because the price is now totally control by external market.For example, there are 20000000 BTS bid order from the market-makerat price $0.2 , I can sell 20,000,000 in the wallet market , and then sell at btc38 with 5,000,000 BTS , price fall down to 0.015.Then the 0.015 price I can buy 20,000,000 BTS in the wallet market , buy 5,000,000 at btc38 ,price back to $0.2.This repeatedly pumping, the market-maker lose
In my experience market making like that is great... until you get lumbered with a large holding of the wrong sort at the beginning of a strong trend and lose it all the profit again!
I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in! It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread! Then it calmed down again and the price went back to tracking btc38.
Quote from: jsidhu on November 18, 2014, 07:59:47 pmHere is the test... we've hit support (0.096cny) now we either make a new low and fall like a sinking ship or we rise from here... lets see what smart money wants to do.Someone just went crazy trying to drive it up on bter. Half a million in volume (a lot for bter - which has much lower volume than btc38), and they drove it all the way to 4540 sat. It was over 10% higher on bter than on btc38 for a bit there.I was madly putting in sell orders at 4500 and rebuying at 4300 (which was still 5% above the btc38 price), and I was getting hit instantly on every order I put in on BOTH the buy and sell side, as fast as I could put them in! It was literally free money, I made 4000 BTS in five minutes just being the market maker on both sides of the spread! Then it calmed down again and the price went back to tracking btc38.
Here is the test... we've hit support (0.096cny) now we either make a new low and fall like a sinking ship or we rise from here... lets see what smart money wants to do.
This is why we are working on relative bid/ask orders to help aid the creation of liquidity.
These are the overlaid market caps from the last 30 days. NXT is red, BTS is green. Notice the massive positive correlation
I've given up trying to understand price movements of crypto currencies.. The only thing I'm certain of is that I'll always buy and/or sell at the wrong time, so for now I'm just holding... If I could I'd just never look at the price, but the downside to working on bitsharesblocks is that I end up seeing the recent price history chart very often!
You're partly right. I see it in trading, where they compare how 'correlated' two things are. And though I can't do the maths, I do see BTSX is highly correlated to BTC and then other 2.0 vs. just an independent price.
Quote from: toknormal on November 18, 2014, 10:59:17 am I want to buy as much as I can at these levels and I can't. I am trying to sort bitusd but my orders don't complete since there is no much demand for new bitusd to be created? I think we should find a way to short bitusd whenever we want by pledging BTS collateral...But then again I am still missing the full details of the market engine and how it works so this may be ok as it works right now..
I want to buy as much as I can at these levels and I can't. I am trying to sort bitusd but my orders don't complete since there is no much demand for new bitusd to be created? I think we should find a way to short bitusd whenever we want by pledging BTS collateral...But then again I am still missing the full details of the market engine and how it works so this may be ok as it works right now..
A good quote from Paul Tudor Jones "Do the trade that makes you wan't to puke"... I havn't seen many BTS bulls looking for the barf bags lately
Quote from: Empirical1.1 on November 18, 2014, 02:27:52 pmIt's been falling since this thread & it's impact started setting in...https://bitsharestalk.org/index.php?topic=9603.0What the market really wants is what BTSX was.I doubt this is it. Bitshares just launched and the price started to move up passing coins that were there for a year. When people saw it on CMC passing other currency most probably bought it without even knowing what it is or understanding it. Probably with fear of "missing the train". Now those people looking to make a quick buck are bailing and the people who actually believe in it are left. So essentially it was a pump and dumb.I think the same thing would have happened with or without all of those proposals.
It's been falling since this thread & it's impact started setting in...https://bitsharestalk.org/index.php?topic=9603.0What the market really wants is what BTSX was.
Quote from: Empirical1.1 on November 18, 2014, 02:27:52 pmIt's been falling since this thread & it's impact started setting in...https://bitsharestalk.org/index.php?topic=9603.0I expect it to recover & still have a great shot unless they unleash a clearly flawed sharedrop strategy. BitAssets are just so freaking awesome, outside of development though, the direction BitShares has taken to keep key talent involved, passionate & not feeling constrained has come at a high short term price. They're probably worth it though. But if there's a credible competitor that looks pretty much exactly like Daniel's original vision for BTSX, BTS could be in trouble imo.i missed this thread... its somehow weird, looks like MLM scheme i think some people leaving because of concept change, look herehttp://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/this article of august 2013 promoted P2P trading platform aka forex broker engine,that was initial concept, now its transformed to open sourced system which have no value if there no liquidity,liquidity can be achieved only through partnering with large brokers (as i see this)if we going to avoid to compete with forex by changing concept i see no point to wait when BTS fall to Vaporware categoryoh..i forgot there are 2 years until development will be finished..its our main milestone for now?PS by forex engine i mean possibility to trade eur/usd straight without btsx in a middle because its impossible and useless for average Joe to predict how btsx rate will move over USD
It's been falling since this thread & it's impact started setting in...https://bitsharestalk.org/index.php?topic=9603.0I expect it to recover & still have a great shot unless they unleash a clearly flawed sharedrop strategy. BitAssets are just so freaking awesome, outside of development though, the direction BitShares has taken to keep key talent involved, passionate & not feeling constrained has come at a high short term price. They're probably worth it though. But if there's a credible competitor that looks pretty much exactly like Daniel's original vision for BTSX, BTS could be in trouble imo.
bitcoin fall,no marketing move,no milestone of the development ,suck management .=keep falling,f****I really want to know what the fu** is the "BIG THING" is.@STAN can you tell me ?
It's not as related to these recent changes as you think. Have you ever noticed how strongly positively correlated the NXT market is to the BTS market? Yet there is no connection.NXT is deflationary, BTS is inflationary, but the prices move the same way at the same time. The only common factor they both have is that they both were created under IPO funded by bitcoin and have similar market caps. As the bitcoin price moves, this massively affects BTS and NXT, that's the primary driving factor for the price, IMO.
I'm buying. I just pumped 5 BTC into BitsharesX.It may be that it's overbought though because when I was weighing up my purchase I thought they were expensive.Bitshares has almost no volume of asset trades. NXT has a very significant volume of asset trades. Yet Bitshares is nearly twice as expensive as NxT. Look at the marketcaps - Bitshares is number 4 despite the fact that it's basically still a beta, proof of concept project whereas NxT is now attracting launch after launch of new assets.I think things will improve once assets start to be traded on the Bitshares platform because the "concept" is now probably priced in.
i think the main problem is because Bts need technical perfection and wider adoption both (BTC copied hundreds of time, but only wide adoption make him strong).what can prevent copy cats from using DPOS while using BTC as pledge collateral...? Only first come move with many exchange support, it hell load of work with partners.
I am out for 2 weeks and BTS is getting hammered and PTS just died.. I don't mind about PTS since they served their purpose but what am I missing with BTS? Are we slowly and painfully die? ... Or the expectation is that BTS should be valued as all the bitassets market cap and people think this is normal now?? Who is selling at these prices and why no one is buying??