The price is going down because the only official announcement was a twitter, that said THIS Caution: Watch for Falling PTS
Here is the link https://twitter.com/_bitshares/status/439258784490590209
Most people will not read that article, they will only see the twitter.
Great marketing...
Actually its a pretty good article. The writer does post a very important issue.
I think in order to get bitshares, a PTS holder will have to hold their PTS until the DAC is released and bitshares are distributed. I could of just bought pts today waited for the snapshot and sold my PTS with no loss and have free bitshares which could be worth quite abit.
Not sure if that is fair for the longterm PTS holders who never sold as they wait for bitshares.
No one here cares that's a good article. His point is that the majority of people will not read it. They will only see an alert from an official on PTS saying "THE PRICE IS FALLING!!!! CASH OUT NOW!".
I am sure I am not the first to say this, but I will say it anyway. The marketing for this completely sucks. I come to these forums out of curiosity. There are dozens of stickied threads. There is no "Protoshare", but rather Bitshare-PTS, the derivative scheme is not laid out clearly immediately anywhere for anyone, you have to go and find this yourself, and the community is not only cult-like, but actually small. For a coin that's in the top 10, there appear to be about as many active members here as there was on the StableCoin forums back in its heyday.
There appears to be very little attempts to market any potential new DAC's to anyone outside of this forum (it was hard enough to understand the concept of a DAC by itself. It is a very cryptic term and it is presented as if I am supposed to automatically understand what it means).
You all make the mistake of assuming the average investor is intelligent. THEY ARE NOT. They buy what they can easily understand and seems like a good option. When I switched my wallet over to Bitshare-PTS and my wallet got replaced and my balance went to 0 and my address changed, I freaked out, and came here.
You know what I was told?
"I thought it was common knowledge in the crypto-community to always back up your wallet."
Wow, that's great. Because that warning was totally posted on the update to the new wallet. By a miracle I managed to find the old wallet file as the old wallet reappeared.
The bottom line is that this whole concept does not appear to the average investor, it is not made easy to understand, and frankly, no one is going to have any interest in whatever complicated scheme several dozen aspies are conspiring to draw up on the internet, when there is absolutely no common-sense marketing, nor any attempt to make this information easily accessible, nor easy to understand. You are speaking in another language.
That's all.
- Zavtra