BitShares Forum
Main => General Discussion => Topic started by: ripplexiaoshan on July 07, 2014, 02:51:04 am
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http://www.btc38.com/trade.html?mk_type=btc&btc38_trade_coin_name=btsx
However, deposit and withdraw are not available now. The btsx are those from Feb 28th left on the btc38.
It's good to see what's the expectation of market before the official release of BTSX 1.0.
+5% +5% +5%
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
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4 Million, it's like trading future, so it will change the total amount according to 3I's decision, doesn't matter, it's like a test for market's willing.
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
4,000,000
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
4,000,000
We are not forced, they simply update everyones balance with the proper stock-split.
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
4,000,000
We are not forced, they simply update everyones balance with the proper stock-split.
Go with 2 billion
Sent from my iPhone using Tapatalk
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How do they enforce the shorts? Margin? If yes how much?
Sorry my Chinese is real bad... :D
OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???
Thanks for the quick reply!
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How do they enforce the shorts? Margin? If yes how much?
Sorry my Chinese is real bad... :D
OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???
Thanks for the quick reply!
Yes, they multiply the pts by 1.33.
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How do they enforce the shorts? Margin? If yes how much?
Sorry my Chinese is real bad... :D
OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???
Thanks for the quick reply!
Yes, they multiply the pts by 1.33.
No. by 1.28
http://weibo.com/3945497871/BcrrUt9EF?mod=weibotime
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How do they enforce the shorts? Margin? If yes how much?
Sorry my Chinese is real bad... :D
OK I see the OP. Did they multiply the PTS left on the exchange on 2/28 by 1.33 to get to 2 mil or what???
Thanks for the quick reply!
Yes, they multiply the pts by 1.33.
No. by 1.28
http://weibo.com/3945497871/BcrrUt9EF?mod=weibotime
Sorry, you are right. then what's the number "1.33", it looks so familiar. Time is too long, I have a bad memory :D
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Thanks ripplexiaoshan and heyD,
any ballpark or more precise info how many pts were left on btc38 by customers?
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If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.
2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil
;D
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I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
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I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
I do not think 250,100 PTS is small subset, but that's only my opinion and opinions:
‘are like a**es, everybody has one...everybody's stink and nobody wants to hear yours.’
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If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.
2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil
;D
price will reach 0.02btc per btsx soon in btc38. you are lucky
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Wow great news going on here :)
It's good to see what's the expectation of market before the official release of BTSX 1.0.
+5% +5% +5%
+5% indeed :)
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I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
I do not think 250,100 PTS is small subset, but that's only my opinion and opinions:
‘are like a**es, everybody has one...everybody's stink and nobody wants to hear yours.’
Is that their balance? Bter also honored the snapshot, which belongs to which?
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If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.
2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil
;D
price will reach 0.02btc per btsx soon in btc38. you are lucky
Actually if it does I am not lucky, I am too conservative; and I would lose some money.
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I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
I do not think 250,100 PTS is small subset, but that's only my opinion and opinions:
‘are like a**es, everybody has one...everybody's stink and nobody wants to hear yours.’
Is that their balance? Bter also honored the snapshot, which belongs to which?
I thought Bter is the 'smaller' of the two, in Chinese terms, but I might be wrong.
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Look out, iTunes. Get out of my way, Amazon. I am coming up the middle, I am coming right up the middle.” --Eddie Corral
Look out, Nxt. Get out of my way, Ethereum. We're coming up the middle, We're coming right up the middle.” :P
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I'd say it overestimates because you have BTC -> BTSX from everyone but BTSX->BTC only from a small subset of people who want to dump
I do not think 250,100 PTS is small subset, but that's only my opinion and opinions:
‘are like a**es, everybody has one...everybody's stink and nobody wants to hear yours.’
Is that their balance? Bter also honored the snapshot, which belongs to which?
http://www.btc38.com/trade/reserves.html
Choose ‘PTS’ from the drop down menu.
Ahhh, You know how to spell PTS in Chinese, right? :D
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BTC38 English Version:
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx
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BTC38 English Version:
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx
Login/Register links to https://www.facebook.com/dialog/oauth?client_id=361149254024972&redirect_uri=http://www.btc38.com/fb_login_callback.php&state=t
Do I really sign-in through facebook?
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http://www.btc38.com/trade.html?mk_type=btc&btc38_trade_coin_name=btsx
However, deposit and withdraw are not available now. The btsx are those from Feb 28th left on the btc38.
It's good to see what's the expectation of market before the official release of BTSX 1.0.
+5% +5% +5%
Hmm. Has btc38 'inadvertently' / prematurely updated their BTS-pts ticker to say BTS-X? I assume its not BTS-X being traded (there are trades occuring) as the official BTS-X is not launched yet, right?
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
hi toast, i am xianfei from btc38.
we have announce on our website and weibo that when bts x officially launched, we'll change the unit of bts x as per 3i's plan.
so don't worry about it.
:P
sorry for the inconvience if any. i'll spend more time in the community in the future.
let's keep in touch.
cheers
sammy /xiaofei
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hi toast, i am xianfei from btc38.
we have announce on our website and weibo that when bts x officially launched, we'll change the unit of bts x as per 3i's plan.
so don't worry about it.
:P
sorry for the inconvience if any. i'll spend more time in the community in the future.
let's keep in touch.
cheers
sammy /xiaofei
+5% for the pre-official trade :)
I am very excited to see how the price evolves!
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hi toast, i am xianfei from btc38.
we have announce on our website and weibo that when bts x officially launched, we'll change the unit of bts x as per 3i's plan.
so don't worry about it.
:P
sorry for the inconvience if any. i'll spend more time in the community in the future.
let's keep in touch.
cheers
sammy /xiaofei
+5% for the pre-official trade :)
I am very excited to see how the price evolves!
great! let's look to it.
:)
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http://www.btc38.com/trade.html?mk_type=btc&btc38_trade_coin_name=btsx
However, deposit and withdraw are not available now. The btsx are those from Feb 28th left on the btc38.
It's good to see what's the expectation of market before the official release of BTSX 1.0.
+5% +5% +5%
Hmm. Has btc38 'inadvertently' / prematurely updated their BTS-pts ticker to say BTS-X? I assume its not BTS-X being traded (there are trades occuring) as the official BTS-X is not launched yet, right?
hi pgbit. the bts being traded on our exchange is the tickets of the 228's snapshot. when 3i's btsx is officially launched, we'll change the unit of it as per 3i's plan.
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BTC38 English Version:
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx
Login/Register links to https://www.facebook.com/dialog/oauth?client_id=361149254024972&redirect_uri=http://www.btc38.com/fb_login_callback.php&state=t
Do I really sign-in through facebook?
Hi Simeon II,
yes you can sign in via facebook.
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx
click Login / Reg to login. it's simple and easy.
here is the link to bind google 2 factor:
http://www.btc38.com/trade/binding_gg.html
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How do those not using facebook login?
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How do those not using facebook login?
hi pgbit,
currently we support both QQ & Facebook login. If you'd use qq, you can use the Chinese version http://www.btc38.com to login, then switch to the en.btc38.com .
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How do those not using facebook login?
hi pgbit,
currently we support both QQ & Facebook login. If you'd use qq, you can use the Chinese version http://www.btc38.com to login, then switch to the en.btc38.com .
你们英文版居然是用“英文版”的字样来提示歪果仁......不是应该English么....
呃。。这个好囧。。已经反馈给攻城狮了。。。
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How do those not using facebook login?
hi pgbit,
currently we support both QQ & Facebook login. If you'd use qq, you can use the Chinese version http://www.btc38.com to login, then switch to the en.btc38.com .
你们英文版居然是用“英文版”的字样来提示歪果仁......不是应该English么....
呃。。这个好囧。。已经反馈给攻城狮了。。。
bter已经开通人民币交易了。
你们什么时候开通？
https://bter.com/trade/BTSX_CNY
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https://bter.com/trade/BTSX_CNY
woot?!? nice .. but why no BTC?
edit: https://bter.com/trade/BTSX_BTC
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https://bter.com/trade/BTSX_CNY
woot?!? nice .. but why no BTC?
edit: https://bter.com/trade/BTSX_BTC
yup very interesting to see trading on pre-official stage :)
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https://bter.com/trade/BTSX_CNY
woot?!? nice .. but why no BTC?
edit: https://bter.com/trade/BTSX_BTC
yup very interesting to see trading on pre-official stage :)
You guys think it's safe to buy from them? They have BTSX/BTC on bter now :)
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If this address: PtvJzF8UsgPb7WEzda6ZpKRa5tepifvytV
1.Holds predominantly customers money, as opposed to funds owned by the exchange itself, the prices can be reasonably considered accurate prediction of the opening bts x prices…, imho.
2.Which only means my trade nailed it! (0.0115+0.0124)/2*640*4 mil = 30.60Mil
;D
+5% Well done.
It's trading at 0.01 BTC on bter now which is $25 mil CAP.
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that's the absolute bottom ($25 mil.)
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that's the absolute bottom ($25 mil.)
Yeah, I was able to buy some at that CAP on bter. I have a few small orders round that level now. But no-one is selling :(
There is a nice big sell order on BTC38 I would be tempted to take a bite of, but I don't have an account there.
Might have to open one...
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
Yeah but it's still pre-launch. The people who want to sell know about it but the average person (buyer) doesn't.
Then you still have to explain the 4 000 000 to 2 000 000 000 thing.
Also on bter you can't spend 3BTC on BTSX without sending it to $50 mil CAP. Not a lot of sellers there...
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
BitSharesX is much better than NXT even now we are on a testing phase !!!
Imagine that beast out :)
Let's say I am over optimistic and I am wrong...
Let's say they are indentical... NXT market cap is wright now at $50 mil.
don't you think we diserve more than $25 mil.? :P
PS I can imagine that the first Days the price will jump up and down, ok, but when the prizes stabilizes it is obvious that it can't be under $25mil. isn't it?
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
BitSharesX is much better than NXT even now we are on a testing phase !!!
Imagine that beast out :)
Let's say I am over optimistic and I am wrong...
Let's say they are indentical... NXT market cap is wright now at $50 mil.
don't you think we diserve more than $25 mil.? :P
PS I can imagine that the first Days the price will jump up and down, ok, but when the prizes stabilizes it is obvious that it can't be under $25mil. isn't it?
I agree, there's a chance trading could go down to 0.08/7 but as you say a few weeks it's obvious it's settling much higher, and obviously going to the moon eventually.
So the opportunity to pick it up some more at 0.01 I'm very happy with.
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Trading on Bter.com as well! =O
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Have been waiting since I learned of the feb 28th snapshot on March 2nd-ish.
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Early investors are obviously big suckers. THX,
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
BitSharesX is much better than NXT even now we are on a testing phase !!!
Imagine that beast out :)
Let's say I am over optimistic and I am wrong...
Let's say they are indentical... NXT market cap is wright now at $50 mil.
don't you think we diserve more than $25 mil.? :P
PS I can imagine that the first Days the price will jump up and down, ok, but when the prizes stabilizes it is obvious that it can't be under $25mil. isn't it?
I know that 90% of the 20-30 most active posters here wear pom-poms at all times and want to contribute nothing else in 80% of their posts other than ‘We/Bitshares will be great one day.’ The great potential is something with which I generally agree. I just find useless and annoying this to be repeated in every post. I know that you 'dani lion' have your all-important, simi- leading cheerleading role in this stadium. But the topic is ‘BTSX trade is open on btc38’… I know the OP put it in the Marketing sub-forum for unclear reasons, but if you have great marketing insight or just want to say the same old you post 10 times a day, post it in some of the other threads meant for general cheerleading…
In this thread ‘absolute bottom’ means the lowest price for XYZ, not ‘[we have] absolutely [great] [ass]/bottom’
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Early investors are obviously big suckers. THX,
If someone wants to pay a $30 million valuation for X, which was just an idea from an unknown company and then decide they want to sell for less than $30 million... When it turns out the company is legitimate, they have built a 1.0 version and they've put it on top of the most competitive blockchain by almost every measure. Well, I'm not sure who the suckers are then...
I'm happy I got my stake in February as it was too big a risk not too and personally my confidence (in most things) has grown with BitShares so personally I feel incredibly lucky that there are some people out there willing to sell me some more at <$30 million.
But maybe I'm the suckerX2 :D time will tell...
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Early investors are obviously big suckers. THX,
I do not know which part of them you find suckers – one that sell cheap now or one that are happy to have given their money back in Jan/February, while they could have bought their stake now at same/lower price?
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Early investors are obviously big suckers. THX,
I do not know which part of them you find suckers – one that sell cheap now or one that are happy to have given their money back in Jan/February, while they could have bought their stake now at same/lower price?
I'm confused. How is it lower price? I bought in for 5BTC and my investment is now worth over 20BTC. May be the ones that bought at 28AGS/BTC are suckers, but that was not the norm, just deadline pressure. Keep in mind that AGS is not just the value of BTSX it will get a stake in other DACs as well.
Also to my knowledge trading is still not a part of the BTSX, so this is still somewhat hypothetical. There is still risk, but also an opportunity for speculators.
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25 million is a perfectly reasonable price you guys! I think this is a great success.
With a small deviance we are right up there with Ripple, NXT and Peercoin. This gives us enough exposure and capital to keep improving and proving ourselves in the months to come. And it also means that we will hitch a lift if BTC decides to go to the moon. And it also means that investors can't cry, because at this cap we have all made a decent profit.
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Early investors are obviously big suckers. THX,
I do not know which part of them you find suckers – one that sell cheap now or one that are happy to have given their money back in Jan/February, while they could have bought their stake now at same/lower price?
I'm confused. How is it lower price? I bought in for 5BTC and my investment is now worth over 20BTC. May be the ones that bought at 28AGS/BTC are suckers, but that was not the norm, just deadline pressure. Keep in mind that AGS is not just the value of BTSX it will get a stake in other DACs as well.
Also to my knowledge trading is still not a part of the BTSX, so this is still somewhat hypothetical. There is still risk, but also an opportunity for speculators.
Well, it all depend how you calculate this – if you were first day/week PTS miner or BTC early miner or buyer at > $10/BTC, you have made thousands % return on this.
I think of myself as a ‘sucker’ because regardless of the price I got my BTCs, I gave my money 6 mo. before I needed to and I darn sure knew this thing was not doable in anything less than 6-9 mo.
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Early investors are obviously big suckers. THX,
I do not know which part of them you find suckers – one that sell cheap now or one that are happy to have given their money back in Jan/February, while they could have bought their stake now at same/lower price?
I'm confused. How is it lower price? I bought in for 5BTC and my investment is now worth over 20BTC. May be the ones that bought at 28AGS/BTC are suckers, but that was not the norm, just deadline pressure. Keep in mind that AGS is not just the value of BTSX it will get a stake in other DACs as well.
Also to my knowledge trading is still not a part of the BTSX, so this is still somewhat hypothetical. There is still risk, but also an opportunity for speculators.
Well, it all depend how you calculate this – if you were first day/week PTS miner or BTC early miner or buyer at > $10/BTC, you have made thousands % return on this.
I think of myself as a ‘sucker’ because regardless of the price I got my BTCs, I gave my money 6 mo. before I needed to and I darn sure knew this thing was not doable in anything less than 6-9 mo.
But without your/our funding the project would never have gotten off of the ground. So thank you, Simeon II
Sent from my iPhone using Tapatalk
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What do you guys think will be required to get BTSX on coinmarketcap ? I'm going to pm the creator and ask. Top 10 will be rearranged. :)
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What do you guys think will be required to get BTSX on coinmarketcap ?
Nothing... they will do that themselves in 2-3 days...
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What do you guys think will be required to get BTSX on coinmarketcap ? I'm going to pm the creator and ask. Top 10 will be rearranged. :)
That will probably be one of best ways for letting people know about it imo. Everybody looks at that.
(It's the 5000th most popular website in the world and 2671 in the USA. )
Soon there will be so many DAC's we'll need a DACMarketcap :)
Edit: The question is where do they get re-directed when they click on the BTSX symbol on coinmarketcap?
http://bitshares.org/industries/banking/ - That's pretty vague, I mean I can't see looking at that what makes it different from Bitcoin
http://bitshares.org/banking-learn-more/ - That needs to be updated a lot
This is something marketing should have been on ages ago. Crucially important.
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I still expect price to go way lower initially. Many people withdrew their PTS prior to the snapshot. So the BTSX being traded has an artificially limited supply. Once BTSX is really liquid (can be deposited/withdrawn from exchanges) we will likely see a temporary big drop. It is nice however to set the tone and advertise this high market cap. But don't forget it is really artificial.
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What do you guys think will be required to get BTSX on coinmarketcap ? I'm going to pm the creator and ask. Top 10 will be rearranged. :)
That will probably be one of best ways for letting people know about it imo. Everybody looks at that.
(It's the 5000th most popular website in the world and 2671 in the USA. )
Soon there will be so many DAC's we'll need a DACMarketcap :)
Edit: The question is where do they get re-directed when they click on the BTSX symbol on coinmarketcap?
http://bitshares.org/industries/banking/ - That's pretty vague, I mean I can't see looking at that what makes it different from Bitcoin
http://bitshares.org/banking-learn-more/ - That needs to be updated a lot
This is something marketing should have been on ages ago. Crucially important.
They also need an official btsx coin logo. I have not paid real close attention to BTS-X until recently. Does such a thing exist?
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What do you guys think will be required to get BTSX on coinmarketcap ? I'm going to pm the creator and ask. Top 10 will be rearranged. :)
That will probably be one of best ways for letting people know about it imo. Everybody looks at that.
(It's the 5000th most popular website in the world and 2671 in the USA. )
Soon there will be so many DAC's we'll need a DACMarketcap :)
Edit: The question is where do they get re-directed when they click on the BTSX symbol on coinmarketcap?
http://bitshares.org/industries/banking/ - That's pretty vague, I mean I can't see looking at that what makes it different from Bitcoin
http://bitshares.org/banking-learn-more/ - That needs to be updated a lot
This is something marketing should have been on ages ago. Crucially important.
They also need an official btsx coin logo. I have not paid real close attention to BTS-X until recently. Does such a thing exist?
I almost wouldn't be surprised if there wasn't...
I'm glad the main guys have got their heads down in the trenches. But marketing side, I'm getting the feeling they haven't prepared for the launch.
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Please don't add to coinmarketcap!
We don't have *any* good info site yet...
If you want to do work towards this end then go here:
https://github.com/nmushegian/bitshares-x.info
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Be careful. You guys might be paying 500 times the actual price. They are clearly basing the price off 4million but it will be 2Billion. There is no chain, so this is just an IOU. And if the exchange gets a piece of 2 billion and hands out shares based on the 4million, I wouldn't be surprised at all.
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Be careful. You guys might be paying 500 times the actual price. They are clearly basing the price off 4million but it will be 2Billion. There is no chain, so this is just an IOU. And if the exchange gets a piece of 2 billion and hands out shares based on the 4million, I wouldn't be surprised at all.
Once you're trading on a centralised exchange it's all basically trust isn't it?
I personally doubt that two major exchanges are going to risk their entire reputation and business on doing something shady here.
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I still expect price to go way lower initially. Many people withdrew their PTS prior to the snapshot. So the BTSX being traded has an artificially limited supply. Once BTSX is really liquid (can be deposited/withdrawn from exchanges) we will likely see a temporary big drop. It is nice however to set the tone and advertise this high market cap. But don't forget it is really artificial.
You do not have to tell them that! >:(
See liondani's post "It is the 'absolute bottom’ here and now!"
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What do you guys think will be required to get BTSX on coinmarketcap ? I'm going to pm the creator and ask. Top 10 will be rearranged. :)
That will probably be one of best ways for letting people know about it imo. Everybody looks at that.
(It's the 5000th most popular website in the world and 2671 in the USA. )
Soon there will be so many DAC's we'll need a DACMarketcap :)
Edit: The question is where do they get re-directed when they click on the BTSX symbol on coinmarketcap?
http://bitshares.org/industries/banking/ - That's pretty vague, I mean I can't see looking at that what makes it different from Bitcoin
http://bitshares.org/banking-learn-more/ - That needs to be updated a lot
This is something marketing should have been on ages ago. Crucially important.
They also need an official btsx coin logo. I have not paid real close attention to BTS-X until recently. Does such a thing exist?
I have to say there's some good information on the BitShares X wiki at least. http://wiki.bitshares.org/index.php/Bitshares_X Phew. So there's stuff there that can be added to the website/forum to make some cool, informative and marketable page when people click through on the BTSX symbol. (Whenever the main guys are happy listing it.)
Edit: I wonder if what we need is a comparison chart similar to this http://wiki.bitshares.org/index.php/Why_choose_Bitshares%3F
- that compares BitShares X to a regular bank & Exchange in terms of privacy, performance, fees/dividends, features and risks (Like less risk of confiscation etc.)
I think a combination of a person being able to see a comparison chart on BitShares X vs. normal banks & exchanges as well as communicating they run on a superior blockchain created by the same developers (Showing them the DPOS comparison chart above), it should help convince them X has the potential to be a superior bank & exchange, given that it already has basic features and is running on a blockchain that outperforms all the others in this space, that was also developed by the same people.
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that's the absolute bottom ($25 mil.)
I do not know.
Right now somebody is more than happy to sell you 54 BTC worth of BTSX at 0.01049 (i.e. at your absolute bottom price)
BitSharesX is much better than NXT even now we are on a testing phase !!!
Imagine that beast out :)
Let's say I am over optimistic and I am wrong...
Let's say they are indentical... NXT market cap is wright now at $50 mil.
don't you think we diserve more than $25 mil.? :P
PS I can imagine that the first Days the price will jump up and down, ok, but when the prizes stabilizes it is obvious that it can't be under $25mil. isn't it?
I know that 90% of the 20-30 most active posters here wear pom-poms at all times and want to contribute nothing else in 80% of their posts other than ‘We/Bitshares will be great one day.’ The great potential is something with which I generally agree. I just find useless and annoying this to be repeated in every post. I know that you 'dani lion' have your all-important, simi- leading cheerleading role in this stadium. But the topic is ‘BTSX trade is open on btc38’… I know the OP put it in the Marketing sub-forum for unclear reasons, but if you have great marketing insight or just want to say the same old you post 10 times a day, post it in some of the other threads meant for general cheerleading…
In this thread ‘absolute bottom’ means the lowest price for XYZ, not ‘[we have] absolutely [great] [ass]/bottom’
obviously you don't have a clue what this means :
Re: Dry Run 7: The Power of DPOS
« Reply #554 on: Today from toast
https://bitsharestalk.org/index.php?topic=5381.540 (https://bitsharestalk.org/index.php?topic=5381.540)
We're taking this one down. Great success all around, except for our sloppy hard fork at the end.
Next test net:
* 10 transactions per second
* 10 second blocks
* Bids/asks/shorts (but no order matching, ha ha)
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Early investors are obviously big suckers. THX,
I do not know which part of them you find suckers – one that sell cheap now or one that are happy to have given their money back in Jan/February, while they could have bought their stake now at same/lower price?
I'm confused. How is it lower price? I bought in for 5BTC and my investment is now worth over 20BTC. May be the ones that bought at 28AGS/BTC are suckers, but that was not the norm, just deadline pressure. Keep in mind that AGS is not just the value of BTSX it will get a stake in other DACs as well.
Also to my knowledge trading is still not a part of the BTSX, so this is still somewhat hypothetical. There is still risk, but also an opportunity for speculators.
Well, it all depend how you calculate this – if you were first day/week PTS miner or BTC early miner or buyer at > $10/BTC, you have made thousands % return on this.
I think of myself as a ‘sucker’ because regardless of the price I got my BTCs, I gave my money 6 mo. before I needed to and I darn sure knew this thing was not doable in anything less than 6-9 mo.
But without your/our funding the project would never have gotten off of the ground. So thank you, Simeon II
Sent from my iPhone using Tapatalk
+5%
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Lemme' get this straight. 1 BTSX is the claim on the snapshot of 1 PTS which was left on the exchange?
So it doesn't matter how many shares i3 releases, you will still get the same proportional amount?
So since there were 4,000,000 AGS/PTS shares snapshotted, 1 BTSX means you get 0.00000025% of the total supply of BTSX shares released? However many that may be?
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Lemme' get this straight. 1 BTSX is the claim on the snapshot of 1 PTS which was left on the exchange?
So it doesn't matter how many shares i3 releases, you will still get the same proportional amount?
So since there were 4,000,000 AGS/PTS shares snapshotted, 1 BTSX means you get 0.00000025% of the total supply of BTSX shares released? However many that may be?
Correct. (Well, almost - btsx was not awarded 1:1 to pts, it was closer to 1.28:1 - 50% of btsx to total PTS supply at that time)
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Not everyone here makes a decent profit at market cap 25 mil..my break even is actually at 40 mil market cap and I was following from day one.but things were changing all the time and I got really confused back then..kept expensive pts instead of ags even after the snapshot..
I would be in a much better position if I was buying now instead of blocking my money for six months...at least I helped funding the development so even if I am still making losses I feel that someone used the money for something that will become great in the future..
And most importantly...now that I want to buy some cheap (hopefully) bts I am on holidays and have no access to any funds..my luck in the whole project is unreliable,..
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What figure is being used for the price of PTS at the time of the time of snapshot?
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obviously you don't have a clue what this means :
Re: Dry Run 7: The Power of DPOS
« Reply #554 on: Today from toast
https://bitsharestalk.org/index.php?topic=5381.540 (https://bitsharestalk.org/index.php?topic=5381.540)
We're taking this one down. Great success all around, except for our sloppy hard fork at the end.
Next test net:
* 10 transactions per second
* 10 second blocks
* Bids/asks/shorts (but no order matching, ha ha)
You are absolutely correct my friend! I have no idea what the non-sense above means.
From the sound of it, on some test exchange, you will be selling and/or almost selling real fast –‘ 10 transactions per second’, some kind of cloths ‘shorts’ .
Just for the fun of it –'ha ha' -you will also have groups placing bid and ask orders, but it will be impossible for those orders to be matched - 'Bids/asks/… (but no order matching, ha ha)'
Indeed I have no idea which part makes it so amazing?
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??? what does that have to do with this thread? That was a discussion about what features are tested on our latest test net, nothing to do with altcoin exchanges
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(http://www.theabsurdreport.com/wp-content/uploads/2010/03/whiteflag.png)
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Be careful. You guys might be paying 500 times the actual price. They are clearly basing the price off 4million but it will be 2Billion. There is no chain, so this is just an IOU. And if the exchange gets a piece of 2 billion and hands out shares based on the 4million, I wouldn't be surprised at all.
a little above your post:
https://bitsharestalk.org/index.php?topic=5471.msg73394#msg73394
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
4,000,000
We are not forced, they simply update everyones balance with the proper stock-split.
Go with 2 billion
Sent from my iPhone using Tapatalk
Why not 200 billion instead? This way more of the planet can afford to buy it.
It really shouldn't matter to us but it depends on if you're marketing to Wall Street or the rest of the world. Wall Street likes expensive because the high price makes news but the rest of the world likes cheap.
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I figured .00001 was a good amount of precision, if we did 200B then we would only have .001 precision.
Due to the limits of 64 bit numbers we can not have both large supply and large precision.
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Same issue with bitcoin btw ..
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BTSX 0.00850000. Thank you early investors. Sorry you still didn't get any new share in our beautiful DACs. But hey, at least we are rich.
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BTSX 0.00850000. Thank you early investors. Sorry you still didn't get any new share in our beautiful DACs. But hey, at least we are rich.
? What are you talking about? How is rich?
[ ] you know that btc38 calculates with 2M instead of 2B shares?
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You are absolutely correct my friend! I have no idea what the non-sense above means.
From the sound of it, on some test exchange, you will be selling and/or almost selling real fast –‘ 10 transactions per second’, some kind of cloths ‘shorts’ .
Just for the fun of it –'ha ha' -you will also have groups placing bid and ask orders, but it will be impossible for those orders to be matched - 'Bids/asks/… (but no order matching, ha ha)'
Indeed I have no idea which part makes it so amazing?
I've been playing with Dry Run 8. I must say - the almost instant confirmations are absolutely astonishing. So for comparison - Bitcoin takes 10 minutes. This takes a few seconds.
And the funny thing is - there is still so much room for improvement.
UPDATE: I am glad I did not become liquid before I saw the end result up and running. I was going to sell up to 70% of my stake. But now I think I might just keep buying. :)
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Bter calculates 2mil or 4 mil????
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Bter calculates 2mil or 4 mil????
They did a PTS*1.28 afaik
so much confusion :(
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Hold on now..let me put it another way... 0.0085 is c5 dollars. Are the bitshares traded on bter imply a market cap of 10 mil or 20 mil??'..
I would guess 20 mil based on 4 mil and they will adjust accordingly...if we imply 10 mil market cap and then this is adjusted accordingly I better come back from my holidays, get a loan and buy them all..
Can someone please clarify this???
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Hold on now..let me put it another way... 0.0085 is c5 dollars. Are the bitshares traded on bter imply a market cap of 10 mil or 20 mil??'..
I would guess 20 mil based on 4 mil and they will adjust accordingly...if we imply 10 mil market cap and then this is adjusted accordingly I better come back from my holidays, get a loan and buy them all..
Can someone please clarify this???
That's important, I've been using 4 million. They're awarding the right conversion to PTS I think, & PTS only got 2 million, but as PTS is 1/2 the total you multiply 4 million to get the CAP.
If it's different please tell me.
Though at the same time I've probably already put as much money as I'm happy keeping on an exchange and plus you can't be a 100% confident they will honour the new conversion etc. properly.
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Hold on now..let me put it another way... 0.0085 is c5 dollars. Are the bitshares traded on bter imply a market cap of 10 mil or 20 mil??'..
I would guess 20 mil based on 4 mil and they will adjust accordingly...if we imply 10 mil market cap and then this is adjusted accordingly I better come back from my holidays, get a loan and buy them all..
Can someone please clarify this???
Yea think you're right, it's based on half of the 4 million that was originally supposed to be distributed equally between AGS and PTS. So rephrasing what someone stated earlier:
100 BTSX is 100/4000000 *100% = 0.0025% of total supply.
So at current prices, the market cap is ~21 million $.
I'm buying some on BTC38... :)
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One BTSX on BTER means you had one PTS on BTER at the time of the snapshot. So it does not really matter how big the cap will be, you will get the according amount.
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Lets say you bought all the PTS (assume cost = market cap) and then put them on bter, then you'd get half of market cap of BTSX + PTS market cap at sell. BTSX market cap is currently 36000 on bter, so unless you bought PTS at market cap >= 36000 BTC/2 + PTS market cap at sell, you're doing just fine.
Edit: Corrected.
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Lets say you bought all the PTS (assume cost = market cap) and then put them on bter, then you'd get half of market cap of BTSX + PTS market cap at sell. BTSX market cap is currently 36000 on bter, so unless you bought PTS at market cap >= 36000 BTC + PTS market cap at sell, you're doing just fine.
Didn't only half the current 36000 market cap go to PTS holders? So you must have bought at a market cap under 18,000 BTC + PTS market cap to be doing fine. 11mil + 7.5mil = 18.5 mil and PTS was above 20mil before snapshot; so PTS holders have lost money since the snapshot (it's cheaper to buy BTSX now than to have got them via PTS snapshot). Of course I think this will change and most altcoins have dropped considerably since Feb. Even NXT which has done comparatively well is about the same place it was at snapshot time.
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For me at least buying btsx now is waaayy cheaper than from the snapshot and I can't have access to my funds currently... ;D
So please keep sell them at these levels for the next week so I can have a chance to recover when this babe explodes...
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Lets say you bought all the PTS (assume cost = market cap) and then put them on bter, then you'd get half of market cap of BTSX + PTS market cap at sell. BTSX market cap is currently 36000 on bter, so unless you bought PTS at market cap >= 36000 BTC + PTS market cap at sell, you're doing just fine.
Didn't only half the current 36000 market cap go to PTS holders? So you must have bought at a market cap under 18,000 BTC + PTS market cap to be doing fine. 11mil + 7.5mil = 18.5 mil and PTS was above 20mil before snapshot; so PTS holders have lost money since the snapshot (it's cheaper to buy BTSX now than to have got them via PTS snapshot).
Yes sorry, should be "unless you bought PTS at market cap >= 36000BTC/2 + PTS market cap at sell, you're doing just fine."
Actually now it is at 32k BTC, :/ At least the AGS donators are still ahead though.. They are the only ones who had their funds tied up anyway I guess.
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Do not complain guys, brace for the future!
The BTSX is holding up very very well, right now, for ‘market without market functionality’:
Re: Dry Run 7: The Power of DPOS
« Reply #554 on: Today from toast
https://bitsharestalk.org/index.php?topic=5381.540 (https://bitsharestalk.org/index.php?topic=5381.540)
* 10 transactions per second
* 10 second blocks
* Bids/asks/shorts (but no order matching, ha ha) [/b]
There are of course 2 theories why this is the case:
1. The market truly believes the team:
(http://i.imgur.com/Eo0Kffs.jpg)
will deliver the said market functionality. EDIT: Before BTS X is launched that is.
2. At the moment all willing buyer have a choice to buy if they so choose, but only small % of available BTSX (from those PTS left on the exchanges) are on the market!
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3rd possibility: People believe if it is possible to store value with the price stability of gold or ubiquitous acceptance of USD but with all the advantages in transferability, privacy, and security of a crytocurrency... it will be worth billions. But they are not convinced yet so it's worth 20-25million on speculation alone... or most of the people who have been convinced are already "all in"
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3rd possibility: People believe if it is possible to store value with the price stability of gold or ubiquitous acceptance of USD but with all the advantages in transferability, privacy, and security of a crytocurrency... it will be worth billions. But they are not convinced yet so it's worth 20-25million on speculation alone... or most of the people who have been convinced are already "all in"
It is pretty much what I am saying BUT
How can one trade something on not-working market? In other words - why the hell they want to launch stupid product instead of groundbreaking? :o :o :o
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Ha! Simeon, Great image..... Mighty Morphin BitShares Coders.
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I see bter have converted trading to the new 2 Billion unit base, cool.
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Anyone know what total supply they are using? We're pretty much forced to use whatever they chose now...
hi toast, i am xianfei from btc38.
we have announce on our website and weibo that when bts x officially launched, we'll change the unit of bts x as per 3i's plan.
so don't worry about it.
:P
sorry for the inconvenience if any. I'll spend more time in the community in the future.
let's keep in touch.
cheers
sammy /xiaofei
Hello xianfei,
please consider to make the transition to 2 billion supply now.
bter already made that successful and if you do it as well it will be not confusing anymore for investors/traders...
I am quite sure that the trades will rise after that noticeably!
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bytemaster they must fix the suply NOW on btc38 !!!
everybody buy now on Bter, maybe a lot of them they think it is cheaper there !!!
It is importand because investors will loose money and at the end the bad fame will go to bitshares as well and not only to the exchanges!
It is a huge gap between the exchanges in market cap because of confusion. Please act now !
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I don't see any huge difference...
Btc38 @ 0.01175 if you divide by 500 = 0.0000235 which is very close to bter 0.000027 considering the liquidity and fees..
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hahaha, price has gone up like 40% after the conversion. +5%
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So what?? Am I the only one here believing that market cap should be at least 200k btc upon launching and by year end surpass by far lite coin ??
I feel that I have the least bitshares x from everyone in here and yet I am the most optimistic..or am I just flying in my small cloud and I should get back on earth?
I remember discussions about min 100 dollars per xts and now it is only less than 7 dollars ( I am still thinking with 4 mil shares)..
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The product is not even released yet, and we are pushing NXT market cap. Pre-launch there is always a risk factored into the price. This means that if we are at 50k BTC now, it will move quite quickly towards 150k BTC if the launch is a success. At that point we have reached critical mass escape velocity point of no return nirvana next, so this is all very good news.
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The product is not even released yet, and we are pushing NXT market cap. Pre-launch there is always a risk factored into the price. This means that if we are at 50k BTC now, it will move quite quickly towards 150k BTC if the launch is a success. At that point we have reached critical mass escape velocity point of no return nirvana next, so this is all very good news.
It depends what % of the total shares were allocated via the exchanges.
If it's a very small % then the longer release takes the more we will have an artificial CAP situation developing where buyers are chasing very few shares. (Even now you can see big % gains with very small volumes traded.)
In general I'm optimistic though. Pre-trading is helping create a lot more awareness pre-launch. I'm also glad some people have been able to buy at less than the price people were paying at the end of Feb which is good for overall PR imo.
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btc38 made the transition from 4 million supply to 2 billion successfully !!!
btc38 announcement:
"Dear user. The trading of BTS X will be suspended for 2 hours later today. As announced, the total supply of BTS X will be expanded from 4 million to 2 billion, so is your BTS X balance. By the expansion of total supply, the price of BTS X will be reduced to about one in 500. We'll expand the amount and reduce the price in all open orders by a multiple of 500(, by which no actual value will be changed). BTSX/CNY will be listed meanwhile."
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx (http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx)
PS thanks xianfei ;)
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btc38 made the transition from 4 million supply to 2 billion successfully !!!
bter announcement:
"Dear user. The trading of BTS X will be suspended for 2 hours later today. As announced, the total supply of BTS X will be expanded from 4 million to 2 billion, so is your BTS X balance. By the expansion of total supply, the price of BTS X will be reduced to about one in 500. We'll expand the amount and reduce the price in all open orders by a multiple of 500(, by which no actual value will be changed). BTSX/CNY will be listed meanwhile."
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx (http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx)
PS thanks xianfei ;)
guess you mean btc38 announcement instead of bter announcement :)
Thx for sharing
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The product is not even released yet, and we are pushing NXT market cap. Pre-launch there is always a risk factored into the price. This means that if we are at 50k BTC now, it will move quite quickly towards 150k BTC if the launch is a success. At that point we have reached critical mass escape velocity point of no return nirvana next, so this is all very good news.
we'll see :) - eager to wait ...
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The product is not even released yet, and we are pushing NXT market cap. Pre-launch there is always a risk factored into the price. This means that if we are at 50k BTC now, it will move quite quickly towards 150k BTC if the launch is a success. At that point we have reached critical mass escape velocity point of no return nirvana next, so this is all very good news.
I think it's going to surprise people, too. But there may well be some growing pains; the launch may not be instant success. We must be prepared to stay patient and keep sharing this with the world.
NXT has surprised me, given its mediocre product and mostly undesirable bells/whistles (nothing I want to buy into). If NXT can do as well as it has, then I think the potential is there for BitShares to rise very quickly. BitShares is all about the DACs. With NXT, Peercoin, Blackcoin, etc., those are all about 'what can we add to improve the value?' with no cohesive vision at all. Mastercoin and Counterparty are even worse messes. THIS is the place to be and BitShares will be worth the wait.
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NXT has surprised me, given its mediocre product and mostly undesirable bells/whistles (nothing I want to buy into). If NXT can do as well as it has, then I think the potential is there for BitShares to rise very quickly.
+5% Particularly, I think if BitAssets work and have an easy to use interface that traders would be comfortable with, I think it will blow people's mind how quickly BitShares X will grow.
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Any update when the deposit/withdrawals will start on BTER and/or BTC38?
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The product is not even released yet, and we are pushing NXT market cap. Pre-launch there is always a risk factored into the price. This means that if we are at 50k BTC now, it will move quite quickly towards 150k BTC if the launch is a success. At that point we have reached critical mass escape velocity point of no return nirvana next, so this is all very good news.
I think it's going to surprise people, too. But there may well be some growing pains; the launch may not be instant success. We must be prepared to stay patient and keep sharing this with the world.
NXT has surprised me, given its mediocre product and mostly undesirable bells/whistles (nothing I want to buy into). If NXT can do as well as it has, then I think the potential is there for BitShares to rise very quickly. BitShares is all about the DACs. With NXT, Peercoin, Blackcoin, etc., those are all about 'what can we add to improve the value?' with no cohesive vision at all. Mastercoin and Counterparty are even worse messes. THIS is the place to be and BitShares will be worth the wait.
If bter is correct than the market cap of btsx is currently above 50 million which would put us at number 3. Ahead of nxt.
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I honestly do not know where bter publishes this but it is slightly wrong :)
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Front page bter btsx market cap listed at 48k btc. Coinmarketcap.com sort by marketcap list in btc instead of dollar.
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Any idea when deposits will be added?
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Suckers gonna suck. Just wait for first DACs to find where real bottom is. I hate these haters post too. But those who loose have right to be angry. We are better than NXT! How? We throw away more bitcoins?
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Suckers gonna suck. Just wait for first DACs to find where real bottom is. I hate these haters post too. But those who loose have right to be angry. We are better than NXT! How? We throw away more bitcoins?
My wild guess is that bottom will be around 0.000009168 - 0.00000955. How's that for a prediction? :)
By the way what is your message exactly? Are you saying that those who put near the end of Feb got screwed?