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That's the public part. But don't think for a moment these folks aren't playing other angles behind the scenes.
Gotta give BigVern his cut. Once he has a stash, then Cryptsy will add it.
Quote from: cygnify on March 11, 2014, 08:28:03 amQuote from: currencydebt on March 11, 2014, 07:30:49 amDo we know if Cryptsy is putting BTS on its exchange?Pretty sure that answer is no. But if there is demand, it will be inevitable. Bitshares-PTS is there so don't see why it wouldn't and BTer as well. .I think exchanges will be hesitant to add BTS at first because it's a test chain.
Quote from: currencydebt on March 11, 2014, 07:30:49 amDo we know if Cryptsy is putting BTS on its exchange?Pretty sure that answer is no. But if there is demand, it will be inevitable. Bitshares-PTS is there so don't see why it wouldn't and BTer as well. .
Do we know if Cryptsy is putting BTS on its exchange?
Quote from: trader on March 10, 2014, 09:00:15 pmWhich is why I suspect that at least at the beginning on cryptsy BTS will trade lower than the implied value given by the BTS market, which is packed with people who are much more bullish on BTS because of their investment in it.Some of that may be mitigated by the fact that some of these people may be hearing about bitshares for the first time or only had a chance now to get involved with bitshares. Also it requires people going to cryptsy with their bitshares and selling them, so if they are mostly bullish on bitshares the price they would sell at would be still reasonably high. But your point is valid, just to what degree time will tell.
Which is why I suspect that at least at the beginning on cryptsy BTS will trade lower than the implied value given by the BTS market, which is packed with people who are much more bullish on BTS because of their investment in it.
Cool, thanks for the explanation. You're correct about shorting USD vs BTS which is why I suspect BTS will likely go to da moon.
Shorting bitusd is going short the USD vs. BTS, correct? Of course, finding someone to take the other side of this trade may be tough to do.
Quote from: yellowecho on March 10, 2014, 05:19:46 pmQuote from: JakeThePanda on March 10, 2014, 02:54:50 pmWon't it be quite risky to buy BTS at launch because of the possibility of a reset? This will keep the price low. Hmmm, it sounds like shorting bitusd is a freeroll.What do you mean by 'freeroll'? I'm not too familiar with the term.It's my understanding that there will not be a reset unless a fatal flaw is found so the initial chain should be treated as the real chain.Freeroll is a term for a poker tournament with a free entry. If the price of BTS falls off a cliff on launch then it's likely there was a fatal flaw and a new chain will be initiated. If the initial test chain works then the price of BTS will probably go to da moon. It seems like close to a freeroll (no risk) to leverage up on BTS at launch. Shorting bitusd is going short the USD vs. BTS, correct? Of course, finding someone to take the other side of this trade may be tough to do.
Quote from: JakeThePanda on March 10, 2014, 02:54:50 pmWon't it be quite risky to buy BTS at launch because of the possibility of a reset? This will keep the price low. Hmmm, it sounds like shorting bitusd is a freeroll.What do you mean by 'freeroll'? I'm not too familiar with the term.It's my understanding that there will not be a reset unless a fatal flaw is found so the initial chain should be treated as the real chain.
Won't it be quite risky to buy BTS at launch because of the possibility of a reset? This will keep the price low. Hmmm, it sounds like shorting bitusd is a freeroll.
... should be about 132K BTS for sale between $1-$5...Where is that number coming from?
Quote from: JakeThePanda on March 10, 2014, 02:45:08 pmQuote from: jabbajabba on March 09, 2014, 11:21:19 amQuote from: zvs on March 09, 2014, 11:14:10 amI'll sell all mine for $15/ea.and i will buy them and i don't buy a pizza with themWhy? If this poll is a good representation of the entire pool of BTS owners then based on this poll there should be about 132K BTS for sale between $1-$5 when they start trading. IMO, because this poll was made in the BTS forum, it's more optimistic than the general population of BTS owners. If this accurate you should easily be able to buy BTS at $5. Think of this poll as the offer side of a trading book. The lowest offer and highest bid is the market. I'd be surprised if they were at $5... well, maybe for the first hour or so... (re: tendency for any new thing on cryptsy to start high then fall off quickly)
Quote from: jabbajabba on March 09, 2014, 11:21:19 amQuote from: zvs on March 09, 2014, 11:14:10 amI'll sell all mine for $15/ea.and i will buy them and i don't buy a pizza with themWhy? If this poll is a good representation of the entire pool of BTS owners then based on this poll there should be about 132K BTS for sale between $1-$5 when they start trading. IMO, because this poll was made in the BTS forum, it's more optimistic than the general population of BTS owners. If this accurate you should easily be able to buy BTS at $5. Think of this poll as the offer side of a trading book. The lowest offer and highest bid is the market.
Quote from: zvs on March 09, 2014, 11:14:10 amI'll sell all mine for $15/ea.and i will buy them and i don't buy a pizza with them
I'll sell all mine for $15/ea.
Quote from: Kenof on March 01, 2014, 11:08:44 amif price of PTS is now around 8$, and yesterday was around 15$, does that mean that 1.29 BTS = 7$ and 1BTS ~ 5.4$ if my math is correctyesterday => today1PTS 15$ => 1PTS 8$ + 1.29BTS 7$ = 15$no value is created nor destroyedValue is created and destroyed because it's all in our mind and thinking. What you mean is energy isn't created or destroyed. That is not the same as value.So if we change our minds or if we learn new infomation, we can change the value of anything or destroy the value of anything. What doesn't change is the imprint it leaves.All actions are forever. The best way to get an estimate of the price is to look at what people are pricing it at on this forum. It's between $100-1000 as a consensus and most people swing toward $500-1000.But that consensus is how much we think it's worth, how much we actually sell for depends on the other opportunities that exist. Some people might sell some Bitshares to invest in something else, or just to pay their bills. Personally I wouldn't do something so silly but some people might.The way Bitshares are designed, if it's actually deflationary like I think, then we should be putting every penny we have into BitUSD. BitUSD is more stable than the US dollar at holding value and there is no volatility. It makes sense to put as much money as you can into BitUSD to preserve your profit. If you want to speculate Bitshares will allow for that too.I think of Bitshares as the perfect stock. It's an even better investment than Asicminer was because Asicminer was only good until difficulty caught up with it. http://www.reddit.com/r/Bitcoin/comments/1ejcul/6k_invested_in_the_asicminer_ipo_would_value_12m/Bitshares will get better as an investment as it becomes more popular and you can lock your profits in forever in BitUSD.The only mistake is they went with BitUSD exclusively. There are a lot of other currencies like the Euro for example. I suppose they went with the world reserve currency for a reason.
if price of PTS is now around 8$, and yesterday was around 15$, does that mean that 1.29 BTS = 7$ and 1BTS ~ 5.4$ if my math is correctyesterday => today1PTS 15$ => 1PTS 8$ + 1.29BTS 7$ = 15$no value is created nor destroyed
Quote from: luckybit on March 01, 2014, 01:31:33 pmWhat if BitBTC goes down because of some negative media attention due to Mt Gox or some arrests?Again, I would rather hold something that has no or very small and predictable inflation like BitBTC or BitGold, definitely not BitUSD. On negative news on BTC go short on BitBTC and not long on BitUSD. (No fiat or fiat assets for me )But there pops up a question, are you an investor or a trader? You could use Bitshares for both. I wonder how good will technical analysis be in this system? It's been proven that it is not so good in cryptocurrency but what about bitassets?Very interesting times ahead of us, this is just awesome
What if BitBTC goes down because of some negative media attention due to Mt Gox or some arrests?
Quote from: luckybit on March 01, 2014, 12:01:43 pmThe way Bitshares are designed, if it's actually deflationary like I think, then we should be putting every penny we have into BitUSD. BitUSD is more stable than the US dollar at holding value and there is no volatility. It makes sense to put as much money as you can into BitUSD to preserve your profit. If you want to speculate Bitshares will allow for that too.Bitshares will get better as an investment as it becomes more popular and you can lock your profits in forever in BitUSD.Why would anyone bother with USD anymore, BitUSD is ok if there is no inflation in USD, also there is BitBTC with no inflation in BTC (after all mined out).If you go long with BitBTC you get BTC which is in my opinion way way better than USD
The way Bitshares are designed, if it's actually deflationary like I think, then we should be putting every penny we have into BitUSD. BitUSD is more stable than the US dollar at holding value and there is no volatility. It makes sense to put as much money as you can into BitUSD to preserve your profit. If you want to speculate Bitshares will allow for that too.Bitshares will get better as an investment as it becomes more popular and you can lock your profits in forever in BitUSD.
Quote from: Graffenwalder on March 01, 2014, 12:13:40 pmQuoteThe only mistake is they went with BitUSD instead of BitEuro because a lot of people don't care about the dollar. It might have been a good idea to add more currencies than just BitUSD so that we could store our profit in the Euro.The first chain includes all major currencies right? Biteuro, bityen etcI don't think it does. I believe it's just BitUSD but maybe someone can correct me if I'm wrong? If it includes all the major currencies then I could see everyone around the world putting their profits into Bitshares. If you earn money from Bitcoin going up against the dollar instead of cashing out you can buy Bitshares and store it in BitUSD. There is no reason to ever cash out anymore and that is a game changer if nothing else is.The only reason for people to cash out would be to pay taxes or pay for things which require fiat currency. You don't have to cash out to lock in your profits.
QuoteThe only mistake is they went with BitUSD instead of BitEuro because a lot of people don't care about the dollar. It might have been a good idea to add more currencies than just BitUSD so that we could store our profit in the Euro.The first chain includes all major currencies right? Biteuro, bityen etc
The only mistake is they went with BitUSD instead of BitEuro because a lot of people don't care about the dollar. It might have been a good idea to add more currencies than just BitUSD so that we could store our profit in the Euro.
struct asset { enum type { bts = 0, // 1 BitShare (smallest storable unit) btc = 1, gld = 2, slv = 3, usd = 4, // $0.001 = 1 BitUSD count, // TODO: move this to the end, for now this will shorten print statements cny = 5, gbp = 6, eur = 7, jpy = 8, // Japan Yen chf = 9, // Swiss Frank #5 world currency aud = 10, // Austrialia cad = 11, // Canada sek = 12, // Sweedish Krona hkd = 13, // Hong Kong wti = 14, // Light Sweet Crude Oil iii = 15, // value of 1 of 1 billion shares in Invictus Innovations, Inc }; }
Quote from: MrJeans on February 25, 2014, 09:52:03 pmYep watched the video, just having trouble with some of the concepts.I'm getting it now. Please speak some more on below. THANKS!Quote from: clout on February 25, 2014, 07:40:31 pmsecondly because I accrue more bts from the fact that the bitAsset requires less bts to back it.EDIT: spent some time mulling this over and reading 'bookie bob's solution to bitcoin volatility'. Think I get it now.So if you short say bitUSD and bitsharesX goes up in value you will start owning more of the bitsharesX that previously belonged to the person who bought long on bitUSD (because they will need less bitsharesX to back up the same value of the amount of bitUSD they own).So if you use 200% collateral to short bitUSD and the price of bitsharesX drops by 50% you would then be forced to use all of your collateral to buy back the bitUSD and destroy it, correct? In such a case one would loose all the bitsharesX that was put into making the short position?
Yep watched the video, just having trouble with some of the concepts.I'm getting it now. Please speak some more on below. THANKS!Quote from: clout on February 25, 2014, 07:40:31 pmsecondly because I accrue more bts from the fact that the bitAsset requires less bts to back it.
secondly because I accrue more bts from the fact that the bitAsset requires less bts to back it.
for your whole post.Please elaborate on belowQuote from: clout on February 25, 2014, 03:52:14 pmI for one plan on shorting as many bitAssets as possible to accumulate more bitshares and I do not plan on selling any of my bitshares until the market cap exceeds $20 billion.
I for one plan on shorting as many bitAssets as possible to accumulate more bitshares and I do not plan on selling any of my bitshares until the market cap exceeds $20 billion.
Quote from: clout on February 25, 2014, 03:52:14 pmI for one plan on shorting as many bitAssets as possible to accumulate more bitshares and I do not plan on selling any of my bitshares until the market cap exceeds $20 billion.Perhaps you should consider hedging your portfolio and going long on BitGold
Quote from: JakeThePanda on February 25, 2014, 02:35:12 pmLet's see what happens when the emotions of trading kicks in. The 500-1000 group will get cut significantly once it starts trading and the value is real. Also, just because you don't want to sell at a price lower than 1K, it doesn't mean someone wants to buy it there. BTS is a new concept and it has strong potential, but a stable price of 1k is years into the future, if ever.If the price sniffs even $20 within the first 3 months I would be pleasantly surprised. Get off the clouds.are you kidding? selling it anything below the price of Bitshares-PTS would be a negative return on investmentmost likely it will open up at $15 and will reach $1,000 this year or next.
Let's see what happens when the emotions of trading kicks in. The 500-1000 group will get cut significantly once it starts trading and the value is real. Also, just because you don't want to sell at a price lower than 1K, it doesn't mean someone wants to buy it there. BTS is a new concept and it has strong potential, but a stable price of 1k is years into the future, if ever.If the price sniffs even $20 within the first 3 months I would be pleasantly surprised. Get off the clouds.
LOL, a lot of people voted for the highest price range