0 Members and 1 Guest are viewing this topic.
Quote from: btswildpig on March 23, 2015, 08:42:13 pmQuote from: lil_jay890 on March 23, 2015, 08:39:37 pmDebit cards are the same fee as credit cards...-6% credit card fee(500 --> 469)-bitcoin trading at 274 on coin.mx... compared to 264 on other exchanges (approximately a 5.3% fee when converting to poloniex where btc was valued at 260!)(469 --> 444)-having a total of 1.599 btc... and buying thin orderbook had me buy bitshares at .0000289 vs the lowest ask being .0000284. Then getting valued at the highest bid of .0000259. Approx 3.9% fee.(444 --> 426)and it looks like I lost another $15 in there somewhere. Notice I counted spreads and mark to market as fees.hmm..... where are you ? Is something like an Ripple Gateway be a cheaper solution for you ?I haven't looked into ripple, but I am located in the US. I never really went through a breakdown of how much it costs me to buy bts after all the fees, but this was pretty eye opening..
Quote from: lil_jay890 on March 23, 2015, 08:39:37 pmDebit cards are the same fee as credit cards...-6% credit card fee(500 --> 469)-bitcoin trading at 274 on coin.mx... compared to 264 on other exchanges (approximately a 5.3% fee when converting to poloniex where btc was valued at 260!)(469 --> 444)-having a total of 1.599 btc... and buying thin orderbook had me buy bitshares at .0000289 vs the lowest ask being .0000284. Then getting valued at the highest bid of .0000259. Approx 3.9% fee.(444 --> 426)and it looks like I lost another $15 in there somewhere. Notice I counted spreads and mark to market as fees.hmm..... where are you ? Is something like an Ripple Gateway be a cheaper solution for you ?
Debit cards are the same fee as credit cards...-6% credit card fee(500 --> 469)-bitcoin trading at 274 on coin.mx... compared to 264 on other exchanges (approximately a 5.3% fee when converting to poloniex where btc was valued at 260!)(469 --> 444)-having a total of 1.599 btc... and buying thin orderbook had me buy bitshares at .0000289 vs the lowest ask being .0000284. Then getting valued at the highest bid of .0000259. Approx 3.9% fee.(444 --> 426)and it looks like I lost another $15 in there somewhere. Notice I counted spreads and mark to market as fees.
Quote from: lil_jay890 on March 23, 2015, 08:12:37 pmIt was a deposit fee to coin.mx... They recently lowered their fee from 10% for a credit card to 5.89%... What a joke, but I wanted to get in at these low bts prices. It made my total cost per bts at $0.0083, which is a huge premium compared to the current market. I did the same thing and we're prob still not at the bottom yet but I have to tell ya, I'm as happy as a pig in slop to be here. Luvin BitShares, BitAssets, the web wallet is lookin nice, Moonstone is kickin butt, peertracks is gonna bring us a shitload of attention, bitshares tv, the voting thing, man just all of it, this is an exciting time
It was a deposit fee to coin.mx... They recently lowered their fee from 10% for a credit card to 5.89%... What a joke, but I wanted to get in at these low bts prices. It made my total cost per bts at $0.0083, which is a huge premium compared to the current market.
Quote from: jsidhu on March 23, 2015, 08:07:39 pmQuote from: lil_jay890 on March 23, 2015, 08:00:09 pmJust bought more bitshares... Started with a deposit of $500 and by the time my bitshares moved to my wallet, the overall value was $411. That is a crazy ridiculous amount of fees and a lot of hassle. A low cost gateway would make a killing if they are brave enough to work with bitshares.Granted I did use a credit card to buy the bitcoin, so there was a 6% fee for that...Yea thats the problem that crypto solves... who charges the 6%? was it a conversion charge of fiat?It was a deposit fee to coin.mx... They recently lowered their fee from 10% for a credit card to 5.89%... What a joke, but I wanted to get in at these low bts prices. It made my total cost per bts at $0.0083, which is a huge premium compared to the current market.
Quote from: lil_jay890 on March 23, 2015, 08:00:09 pmJust bought more bitshares... Started with a deposit of $500 and by the time my bitshares moved to my wallet, the overall value was $411. That is a crazy ridiculous amount of fees and a lot of hassle. A low cost gateway would make a killing if they are brave enough to work with bitshares.Granted I did use a credit card to buy the bitcoin, so there was a 6% fee for that...Yea thats the problem that crypto solves... who charges the 6%? was it a conversion charge of fiat?
Just bought more bitshares... Started with a deposit of $500 and by the time my bitshares moved to my wallet, the overall value was $411. That is a crazy ridiculous amount of fees and a lot of hassle. A low cost gateway would make a killing if they are brave enough to work with bitshares.Granted I did use a credit card to buy the bitcoin, so there was a 6% fee for that...
Quote from: gamey on March 23, 2015, 06:53:28 pmQuote from: luckybit on March 23, 2015, 03:02:32 pmI hate to be right about these things but I think we are almost exactly at bottom. $15 million is the floor and from there I predict we'll go up in price eventually or fluctuate between $15-18 million for the next few months.I hope people took my advice and bought some BitUSD prior to the most recent price drop. I would say now the price reflects the uncertainty around Ethereum's launch. Now is not the time to buy BitUSD so if you haven't bought it then it's probably too late.But I could be wrong. Make your own decisions and don't consider anything from me to be investment advice only my own opinions as a complete stranger on the Internet.You and your predictions. You are also the guy who used to push to no end that we partner with Blackcoin. I guessed likely 15 million too but it could easily go lower. It doesn't take some savy market guy to realize that our bitasset adoption has never really got there and competition in that realm is picking up. These new guys will understand marketing, even if we have the better technical solution. BitAssets are too technical. Dan was never able to find anyone to do marketing or even explain BitAssets which are still largely misunderstood in the crypto-world. Who cares about bitUSD over tether/nubits or whatever else? So few understand the difference and most of them are already in our camp.Honestly the reason we pick 15 million is because it is a nice round number.The tricky part for BitUSD is not marketing , but the cost to build the gateway for it . Unless you use Bitcoin:BitUSD , you'll not be easily expand BitUSD in the US without paying legal and regulatory cost . That's millions of dollars . Even if we have a killer marketing , we'll still need to pay for those millions of dollars in order to build the bridge . BitCNY is well promoted and have fiat gateway , but the wallet is still not suitable for massive scale usage even it's easy to promote it in China . Tether:BitUSD RippleIOU_USD:BitUSD has been on my mind lately ..... They already paid for the high cost for accessing to banks .... and we could have just pick it up as a portal , just like using OKpay or Paypal ...
Quote from: luckybit on March 23, 2015, 03:02:32 pmI hate to be right about these things but I think we are almost exactly at bottom. $15 million is the floor and from there I predict we'll go up in price eventually or fluctuate between $15-18 million for the next few months.I hope people took my advice and bought some BitUSD prior to the most recent price drop. I would say now the price reflects the uncertainty around Ethereum's launch. Now is not the time to buy BitUSD so if you haven't bought it then it's probably too late.But I could be wrong. Make your own decisions and don't consider anything from me to be investment advice only my own opinions as a complete stranger on the Internet.You and your predictions. You are also the guy who used to push to no end that we partner with Blackcoin. I guessed likely 15 million too but it could easily go lower. It doesn't take some savy market guy to realize that our bitasset adoption has never really got there and competition in that realm is picking up. These new guys will understand marketing, even if we have the better technical solution. BitAssets are too technical. Dan was never able to find anyone to do marketing or even explain BitAssets which are still largely misunderstood in the crypto-world. Who cares about bitUSD over tether/nubits or whatever else? So few understand the difference and most of them are already in our camp.Honestly the reason we pick 15 million is because it is a nice round number.
I hate to be right about these things but I think we are almost exactly at bottom. $15 million is the floor and from there I predict we'll go up in price eventually or fluctuate between $15-18 million for the next few months.I hope people took my advice and bought some BitUSD prior to the most recent price drop. I would say now the price reflects the uncertainty around Ethereum's launch. Now is not the time to buy BitUSD so if you haven't bought it then it's probably too late.But I could be wrong. Make your own decisions and don't consider anything from me to be investment advice only my own opinions as a complete stranger on the Internet.
i keep some in bts so i have money to play with in the volatility, but most of it just goes into bitassets.
This means these huge holders can sell the price down for way less than what most of us paid to get BTS.
unless you were smart enough to buy BitUSD and hold it all this time.
The people who have lots of BTS or who held BitUSD this whole time can now diversify by selling large amounts of BTS to buy into Ethereum*, Maidsafe, Darkcoin, or Bitcoin if it looks like Bitcoin is going to rise.
Quote from: inarizushi on March 21, 2015, 02:23:33 pmIf nothing is done NOW, it's impossible to short, the market peg won't hold, and it's over for us all. But nobody seems to really care... lol. Worst crisis handling ever.Please have a bit of empathy for the stupid ones who have kept shorting all the way down.Cannot agree with you more!!!Comes to show what giant pile of smoking BS the new [now abandoned? - do not know.does not seem that way...] PR is...
If nothing is done NOW, it's impossible to short, the market peg won't hold, and it's over for us all. But nobody seems to really care... lol. Worst crisis handling ever.Please have a bit of empathy for the stupid ones who have kept shorting all the way down.
Ethereum may turn out to be awesome...or it could very well flop out the gate. No one knows just how things in this crypto world will turn out, and I think you're overestimating "the inevitable onslaught of ethereum" here just a bit.
this summer
All in and staying in. Thick and thin.
Moonstone and the wallet.bitshares.org will bring bts to the masses. Peertracks *the musicians friend* will hit facebook and tweeters like a firestorm, a major gig. The voting thing is awesome too. Most importantly tho ultimately, bts can replace wall street. thats what, a 500 trillion dollar market.. how about the cac and dax and other markets that will also crash in the next couple years.. dont sweat guys, theres a huge place for bts in the coming months, dont be so antsy. get the wiki done and keep a designated Delegate on it, offer up dns services, get the api's to every dapp possible, keep buying and posting tidbits on twitter, disqus, fb, gplus, reddit etc. bts isnt dying by any means. how long did it take to build the first stable version of linux.. a lot more than 1 year thats for sure. yes, i know im losing money buying bts on its way down. i dont care. the number of bitshares i own wont change. i buy on every dip and transfer most of it to bitassets, done. i know most of you have been waiting longer than me but youll never get rich quick in this game. this is a buy and hold for me.
i buy on every dip and transfer most of it to bitassets, done.
I too would like to see updates from the Delegates that are responsible for fixing bugs found, especially emergency bugs like the one with shorting. I have not tried shorting yet, so I can't comment, but it concerns me if a bug in the software is causing me to lose money. Not cool. Maybe they have a blog or something on github where we can monitor the changes being made for said bug?On a lighter note, I am happy to keep on buying right to the bottom.. bts and bitassets. ive been moving and keeping 80% of my bts in bitassets. Bitshares won't be as 'big' as ripple, nxt or btc for a while yet, but thats ok with me, i know i wont get rich overnight. i'm in this for the long haul. the technology developed is the value. the gui's will come, then the masses will follow, but right now, i'm gonna quietly sit here and invest for our future. bts can ultimately win over the btc'ers imo. especially once wall street crashes again.
I predicted that if you broke the 0.5 CNY and $20 million seal you could see BTS dip quite sharply. There seems to be some significant buying support though, even at this level. I'm assuming it's in anticipation of Moonstone. The new BitShares however has never generated gains. That was BitSharesX. If you put Gold, Silver, Bitcoin, DarkCoin, NXT and BitShares in a group. BitShares would be the odd one out.
Quote from: luckybit on March 21, 2015, 01:13:16 pmThis means if you haven't stored in BitUSD or BitGLD you may actually be losing money right now with the hope and gamble that Bitshares will remain competitive.I'm pretty sure there's a very, very large number of us who have already lost money. lol I'm already down like what, 68% on my BTS. Anyone who bought after the markets first opened for trade is officially losing money at this price.At this point, for me personally, it's a hodl or crash/burn situation. There's a good chance the bottom is right around $16 mil, but hell that's only like 16% from the current price. I ain't about to play the market at this point, considering all the losses I've already weathered. I'll just keep hodling and pray for a miracle I guess.Some awesome new development/news/anything right about now would be nice, though .
This means if you haven't stored in BitUSD or BitGLD you may actually be losing money right now with the hope and gamble that Bitshares will remain competitive.
what is wrong with the market