I know there was a snapshot on 11/5. I know that there will only be BTS. However when I was reading I didn't come across anything warning me that PTS price would plummet fore good and that I should sell them all either before the snapshot and buy BTSX or right after the snapshot. All I read was that I would receive BTS for the PTS in my wallet. Incorrectly and naively I assumed that PTS just wouldn't be traded anymore as it wouldn't exist. I have lost thousands by holding my PTS. Why would anyone hold them and why would anyone buy them after the snapshot? I have to say that this whole thing has become a clusterfuck. Names and shares constantly changing, DAC's existing but being abandoned and becoming worthless, airdrops, conversions and rate changes, wallet files needing to be imported or not imported to get shares etc. I have NO idea what the hell this is all about anymore nor what even the name of this thing is I'm invested in as it constantly changes. So PLEASE PLEASE PLEASE can someone explain to me in somewhat simple terms exactly what is going on. Thank you.
From an outsiders point of view, it is confusing. I run a crypto group with around 3600+ people, and I can assure you that most don't understand this, at all, so they are very wary of it. They ask me to explain it, but frankly I don't want to risk giving them some bad advice, so I tell them to just go here and figure it out for themselves. It might be simple for some traders, but compared to just buying Bitcoin, it isn't.
I don't own any, and I am not even sure which one I should be buying or dropping as I have not been paying enough attention. It just appears too much like a game of Three-Card Monte. That said, I think the tech and ideas are fascinating. However, I am more concerned about the marketing and investors getting burned for not understanding it well enough. That is why I don't recommend it much, yet.
Why would anyone invest/trade on something he doesn't take time to understand... if you just randomly chose things to throw money at just based on the market cap, you shouldn't be very surprised to have surprises.
I agree it's really time consuming to follow what's happening here, but it's not even officially released. The merger was a correction on the direction to take, and it was based on an excellent analysis of what would happen in the future if it didn't happen. People that didn't agree with this analysis sold, hence the recent big drop in price. Now the developers and marketers can focus on a very clear product, that will be pushed in the next weeks/months.
Some people (i.e. alphaBar) spread some confusion and make the message very unclear, that's sad, but it should be over soon when the leading team pushes the new unified product.