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General Discussion / Re: Pitchfork Countdown May Begin Next Week
« on: September 07, 2015, 08:01:30 pm »
Have they announce the release date yet? If not what day this week will they make the announcement?
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After reading all of this I'm 100% more confused than I was then before I asked the question. I guess I'll never will be able to understand what Share drop means but my main concern if I buy $100,000 of Bitshares now before Bitshares 2.0 comes out and there is a Sharedrop before or after 2.0 is released will Bitshares price be effective by that share drop? If so how will it effect the price?
My goal buy now, sell when 2.0 comes out if there's a spike in price after the release, good idea? bad idea?
Share drop means someone is dropping free shares onto you as if throwing money from a helicopter.
For every BitShare you own, you get some number of "newshares" for what ever coin is being given away free.
This tends to make BitShares more valuable because of that expectation.
Then after the drop, BitShares goes back to its previous price (since that special deal has ended), but now you have "newshares" in you wallet too.
How long until 2.0 comes out and is 1.0 dead or is it still being used? Will Bitshares compete with Ethereum?Clearly you haven't read other posts here on the forum that address this very question.
That's OK, I know how daunting finding info here can be.
Everyone's 1.0 stake will be transferred entirely 1 to 1 into BTS 2.0. No worries at all. Buy now while the price is ultra low!
bitshares 0.9.x is currently in use. BTS 2.0 feature freeze date is in about a week and the snapshot will be taken 30 days after that and BTS 2.0 will be trading. Approximately 4 weeks until release. BTS 0.9.x will be used all the way until the snapshot, in which all your 0.9.x shares will be converted to 2.0 shares.
Of course the dates could change if a major bug is found.
Clearly you haven't read other posts here on the forum that address this very question.
That's OK, I know how daunting finding info here can be.
Everyone's 1.0 stake will be transferred entirely 1 to 1 into BTS 2.0. No worries at all. Buy now while the price is ultra low!
Made the mistake of buying on the upswing, need to sell some off at higher price.