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Main => General Discussion => Topic started by: jwiz168 on March 20, 2014, 12:12:14 am

Title: Bitshare roughly estimated at $100
Post by: jwiz168 on March 20, 2014, 12:12:14 am
I have noticed an ad here in the forum which anyone can buy bitshare. The website is www.buybitshares.com.  It seems that marketing is starting to roll. For the fact that it was priced at $100 /bitshare, it made investors have an idea of how their bitshare investments may take off once the bitshare X launches.  Feeling pretty enthusiastic myself upon learning this.  Go PTS . Go AGS . Finally go BITSHARE.  8)
Title: Re: Bitshare roughly estimated at $100
Post by: mint chocolate chip on March 20, 2014, 12:16:59 am
Anyone wondering how many bitshares they've sold @ $100?
Title: Re: Bitshare roughly estimated at $100
Post by: Pixar on March 20, 2014, 12:58:39 am


Apparently less than 1.


Transaction Date   Transaction Hash   BTC/USD Rate   Bitshares Amount   Value in USD   BitShares Left
2014-03-09 11    519bbbf6767359b762350079f2a3e5dc3e47297a65c679b175766b379e03ade4    620.31    .6203100000    62.0310000000    1199.3796900000

Nobody is buying this.  Probably a dummy transaction
Title: Re: Bitshare roughly estimated at $100
Post by: BldSwtTrs on March 20, 2014, 01:21:06 am
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 20, 2014, 02:05:57 am
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.

I don't think the price is wrong. It's more people don't trust their website because how can you trust it? The process is unusual and people aren't familiar with it, additionally the site came out of no where, no one knows if they will really redeem the Bitshares.

Also it's so close to being on a legitimate exchange, why are people going to take the risk?

Honestly though I think it could end up going for well over $100 soon after launch.

I think the best time to buy will be early on when people foolishly sell them for $ to pay for whatever expenses from mining PTS.

Once the people who mined to get their BTS have sold and get replaced by new people buying in at higher prices, it will become the new normal to be $100.

And from there it will rise $10-20 a month at least as features are added. I think it depends on how the testing goes and on how long it takes to add features like shorts, and interest rates.

Think of the Bitshares XT as the IPO. You will never be able to get Bitshares for much cheaper than you will at the prices we will see in the next few weeks.

That means if you're on the sidelines you should prepare to buy in because I'm going to be putting the majority of my earnings into Bitshares.

There will be many others who will hear about Bitshares who did not understand the Angelshare process, they'll be buying as others will be selling. So I hope we see $20 or $50 but I suspect no one will sell for that cheap except early miners.






Title: Re: Bitshare roughly estimated at $100
Post by: jwiz168 on March 20, 2014, 02:11:20 am


Apparently less than 1.


Transaction Date   Transaction Hash   BTC/USD Rate   Bitshares Amount   Value in USD   BitShares Left
2014-03-09 11    519bbbf6767359b762350079f2a3e5dc3e47297a65c679b175766b379e03ade4    620.31    .6203100000    62.0310000000    1199.3796900000


Nobody is buying this.  Probably a dummy transaction

This is a dummy alright but its not a scam . This is a sample of transaction if ever someone buys bitshare. Better have knowledge on how will DACs work for the investors.
Title: Re: Bitshare roughly estimated at $100
Post by: sumantso on March 20, 2014, 10:01:29 am
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.

Ten times? We will be luck if we can get $5 at the start.
Title: Re: Bitshare roughly estimated at $100
Post by: JA on March 20, 2014, 01:22:51 pm
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.

Ten times? We will be luck if we can get $5 at the start.
Could you please explain why ?
Title: Re: Bitshare roughly estimated at $100
Post by: CrazyCriple on March 20, 2014, 03:34:25 pm
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.
Ten times? We will be luck if we can get $5 at the start.

Could you please explain why ?

The value of bitshares has to be proven first. A theory alone is not that valuable. Bitshares needs a large user base who actually use it for transactions. Also it has to prove that it is stable and no attacks can be made against it. Before that the risk is too high to value it at 100$ per share. As most inverstors think like this the price will be much lower. At the start. If everything works I see no problem with 100,1000 or even 10000 a share in the next 2 years.
Title: Re: Bitshare roughly estimated at $100
Post by: jae208 on March 20, 2014, 03:56:37 pm
I think the main issue is that Bitshares haven't even been launched yet. That is probably why nobody is currently buying anything at the buybitshares website. How can you buy BItshares if it isn't even released yet? Also, we have to take into consideration what is the highest price that people are willing to BUY them for. We know that the lowest price people are willing to sell BItshares for is roughly $100.

 8)
Title: Re: Bitshare roughly estimated at $100
Post by: JakeThePanda on March 20, 2014, 04:36:52 pm
I think the main issue is that Bitshares haven't even been launched yet. That is probably why nobody is currently buying anything at the buybitshares website. How can you buy BItshares if it isn't even released yet? Also, we have to take into consideration what is the highest price that people are willing to BUY them for. We know that the lowest price people are willing to sell BItshares for is roughly $100.

 8)

Look at the poll again.  $100 is NOT the lowest price people are willing to sell them for.
Title: Re: Bitshare roughly estimated at $100
Post by: G1ng3rBr34dM4n on March 20, 2014, 05:21:02 pm

I think the main issue is that Bitshares haven't even been launched yet. That is probably why nobody is currently buying anything at the buybitshares website. How can you buy BItshares if it isn't even released yet? Also, we have to take into consideration what is the highest price that people are willing to BUY them for. We know that the lowest price people are willing to sell BItshares for is roughly $100.

 8)

Look at the poll again.  $100 is NOT the lowest price people are willing to sell them for.

+1 

Speaking for myself, I have a predetermined threshold for buying when XTS become liquid, and it's definitely above $100
Title: Re: Bitshare roughly estimated at $100
Post by: G1ng3rBr34dM4n on March 20, 2014, 05:23:41 pm

I think the main issue is that Bitshares haven't even been launched yet. That is probably why nobody is currently buying anything at the buybitshares website. How can you buy BItshares if it isn't even released yet? Also, we have to take into consideration what is the highest price that people are willing to BUY them for. We know that the lowest price people are willing to sell BItshares for is roughly $100.

 8)

Look at the poll again.  $100 is NOT the lowest price people are willing to sell them for.

+1 

Speaking for myself, I have a predetermined threshold for buying when XTS become liquid, and it's definitely above $100
Title: Re: Bitshare roughly estimated at $100
Post by: sumantso on March 20, 2014, 05:31:16 pm
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.
Ten times? We will be luck if we can get $5 at the start.

Could you please explain why ?

The value of bitshares has to be proven first. A theory alone is not that valuable. Bitshares needs a large user base who actually use it for transactions. Also it has to prove that it is stable and no attacks can be made against it. Before that the risk is too high to value it at 100$ per share. As most inverstors think like this the price will be much lower. At the start. If everything works I see no problem with 100,1000 or even 10000 a share in the next 2 years.

Add to that there will be a 4 million supply right at the start. There will be lots of people trying to cash out, at least to make back some of what invested for AGS (which is not liquid). There are also early AGS investors who are getting these BTSXT at 0.0025 BTC. So even if they sell at 0.005 BTC, its a 100% profit.

Most of those who wanted BTS XT has invested. The rest won't be getting a featureless product for high prices. Its months away from BTS XT doing what it is supposed to do. Until then, the price will remain low, even lower than PTS IMO.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 20, 2014, 05:35:28 pm
Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.
Ten times? We will be luck if we can get $5 at the start.

Could you please explain why ?

The value of bitshares has to be proven first. A theory alone is not that valuable. Bitshares needs a large user base who actually use it for transactions. Also it has to prove that it is stable and no attacks can be made against it. Before that the risk is too high to value it at 100$ per share. As most inverstors think like this the price will be much lower. At the start. If everything works I see no problem with 100,1000 or even 10000 a share in the next 2 years.

If Bitshares are really that cheap I will be happy because only a complete sucker would sell a Bitshare for $5. I assume most people on this forum know what Bitshares are and if you know what it is you wouldn't sell it for $5. On the other hand there are probably a lot of early miners who were just mining protoshares and wanted some quick cash.

$5 is just not likely though. Mastercoin is going for around $50. Bitshares PTS was nearly $30 at one point.  I can believe we could see prices of $25-50 but I would be surprised if we see $5.

But if we do see $5 we will all have the chance to buy Bitshares for even cheaper than Bitshares PTS is going for right now.

Nobody is buying this.
Thanks God. In my view it's bordeline scam.

I would very feel bad for people who buy something at ten time the market price. But I guess nobody has the same ethics.
Ten times? We will be luck if we can get $5 at the start.

Could you please explain why ?

The value of bitshares has to be proven first. A theory alone is not that valuable. Bitshares needs a large user base who actually use it for transactions. Also it has to prove that it is stable and no attacks can be made against it. Before that the risk is too high to value it at 100$ per share. As most inverstors think like this the price will be much lower. At the start. If everything works I see no problem with 100,1000 or even 10000 a share in the next 2 years.

Add to that there will be a 4 million supply right at the start. There will be lots of people trying to cash out, at least to make back some of what invested for AGS (which is not liquid). There are also early AGS investors who are getting these BTSXT at 0.0025 BTC. So even if they sell at 0.005 BTC, its a 100% profit.

Most of those who wanted BTS XT has invested. The rest won't be getting a featureless product for high prices. Its months away from BTS XT doing what it is supposed to do. Until then, the price will remain low, even lower than PTS IMO.

If they paid enough attention to invest in AGS at those prices why do you think they'd quickly sell BTSXT? Even if they can make a 100% profit, they could have just bought and sold PTS to make that kind of profit so why would they have bought AGS at all?

What you're saying defies what the polls say, the behavior of the people on this forum at least. Since all the people closest to the project seem to be talking $100 or more as the price they'll sell for, the only people I can think of who wouldn't be close to the project but who would be prone to sell are the early miners who used the cloud.

If you mined PTS using the cloud or with a botnet in the first few weeks and you didn't sell your PTS just prior to or right after the snapshot, then you'd probably be wise to sell your PTS right about now and use that to buy some BTS at $5.

I would do exactly that because I know $5 wont last long if marketing is even slightly effective.


Quote
Most of those who wanted BTS XT has invested. The rest won't be getting a featureless product for high prices. Its months away from BTS XT doing what it is supposed to do. Until then, the price will remain low, even lower than PTS IMO.


I think I see what you're trying to do now. You're trying to get cheap shares. You believe if you talk it down to $5 that it will be $5. If BTS XT works at all then it's more valuable than PTS. It might not be feature complete, but you keep forgetting that by the time it is feature complete the price will skyrocket and it won't come back down.

I actually hope you're right. Shake out the weak hands willing to sell at less than PTS so I can afford a lot more BTS XT. BTS XT is what people will have to buy to get a stake in Bitshares so the idea that it could be cheaper than PTS?

The only way I can see any of that happening is if marketing completely fails. If no one does anything for months then no one will know about BTS XT. If BTS XT isn't on an exchange that also could keep the price low.

But the price should be at least what PTS was. I can't see how it could be less.
Title: Re: Bitshare roughly estimated at $100
Post by: JA on March 20, 2014, 06:52:08 pm
One importent aspect is that we have many chinese on board.
And we know what that means in terms of cryptocurrency and investing  ;D

http://coinmarketcap.com/volume.html#pts

75 % of the whole PTS market is driven by chinese

The same will happen with Bitshares
Title: Re: Bitshare roughly estimated at $100
Post by: sumantso on March 20, 2014, 09:48:18 pm
I think I see what you're trying to do now. You're trying to get cheap shares. You believe if you talk it down to $5 that it will be $5.

I was about to contest a couple of your points but this endeth the discussion.
Title: Re: Bitshare roughly estimated at $100
Post by: santaclause102 on March 20, 2014, 10:19:53 pm
We all believe in BTS long term.
But the poll is a joke. Who wouldnt enter any figure just for fun or for setting price expectations.
And BTS at 5$ is not equal to PTS at 5$ because BTS supply is twice the PTS supply, maybe even more because PTS are not all mined yet. Which leads me to: How does coinmarketcap.com calulate the market cap? Based on the final money supply or based on the current money supply?
 
Title: Re: Bitshare roughly estimated at $100
Post by: sumantso on March 20, 2014, 10:36:58 pm
How does coinmarketcap.com calulate the market cap? Based on the final money supply or based on the current money supply?
 

I believe current supply. But they ignore the 'unavailable' coins. Like for Ripple they just multiply with the total amount even though most of them are locked up.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 20, 2014, 11:17:13 pm
We all believe in BTS long term.
But the poll is a joke. Who wouldnt enter any figure just for fun or for setting price expectations.
So you'd be willing to sell your Bitshares for $5 each? I hope you sell them just to prove the polls wrong.

And BTS at 5$ is not equal to PTS at 5$ because BTS supply is twice the PTS supply, maybe even more because PTS are not all mined yet.
PTS doesn't do anything. While I don't know how crippled BTSXT will be, if it has BitUSD functioning that alone is reason not to sell for $5. Once again it depends on just how crippled the test release is which will determine the price.

When people decide to sell their BTSXT at some point later they'll have to buy their way back in. What would be compelling enough to make people sell when the price later will only be higher once certain features are brought in?
Which leads me to: How does coinmarketcap.com calulate the market cap? Based on the final money supply or based on the current money supply?

The important considerations are the assets in circulation and marketing, the role of BitUSD and the other commodities, whether or not BTSXT will hit the exchanges or not. If it hits the exchanges it wont be $5 for long.

If it does not hit the exchanges for a while or if it's totally crippled then I could see it being cheap, but how cheap and for how long? I don't think $5 makes much sense. At $5 in my opinion it's hilariously under-priced and it's going to be just like the guy who spent 10,000 BTC on pizza. If you want to sell 500 BTS at $5 go right ahead. In a couple of years 1 BTS will be worth the 500 you sold at $5.

Title: Re: Bitshare roughly estimated at $100
Post by: biophil on March 20, 2014, 11:48:40 pm
Luckybit, I have about 140 XTS waiting for me in the genesis block. What would you pay for them? Seriously, if I could sell you my XTS, would you pay $100 each? If not $100, I'm curious what number. I'm serious, I'm not baiting you. :)

Since you're pretty bullish, your offer would give us a nice rough guess of an upper bound for the opening price of XTS.

Also, if you actually are willing to pay $100, we should try to make that happen. :)

Sent from my SCH-S720C using Tapatalk 2

Title: Re: Bitshare roughly estimated at $100
Post by: JakeThePanda on March 21, 2014, 12:42:37 am
All I have to say about this thread is we'll know soon enough.  Let's move along.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 21, 2014, 01:12:29 am
Luckybit, I have about 140 XTS waiting for me in the genesis block. What would you pay for them? Seriously, if I could sell you my XTS, would you pay $100 each? If not $100, I'm curious what number. I'm serious, I'm not baiting you. :)

Since you're pretty bullish, your offer would give us a nice rough guess of an upper bound for the opening price of XTS.

Also, if you actually are willing to pay $100, we should try to make that happen. :)

Sent from my SCH-S720C using Tapatalk 2
I would pay the least possible. So I'd definitely be able to get more from the guy selling for $5 than you selling at $100. After it's sold out at $5 I would work my way up to $100.

I think anything under $500 is to be considered cheap. I would not trade a BTS 1:1 with a Bitcoin of course but if I believe at some point Bytemaster will get it working as intended I would definitely pay over $100, over $200 even.

If I had unlimited money, I would pay up to $500 per BTS. The reason why is the price I pay to get into BTS isn't so important because if it works as intended I could lock my profits in BitUSD. I don't have to worry about the volatility like I do with Bitcoin. So the initial price doesn't matter, what matters is that I cannot lose money so whatever I paid I would seek to lock in. I would not sell for less than I paid, and I would just buy Bitshares at $200 for instance and then quickly store it as BitUSD at $200 knowing that at some point in the future that $200 will get paid dividends.

So the difference here is between the day traders who only look at short term profit, and the people like me who can look at where things will be in a few years. Additionally I have a decent understanding of the technology, better than most. If you can read the code, understand what Bitshares will do once completed, and you know the significance, it's not a faith based decision to set the price over $100 when by design its superior technology to Bitcoin in all ways.

Bitcoin is going for around $500 right now. I think Bitshares is already better than Bitcoin technologically speaking.

1. Bitshares source code is easy to read, easily more extensible, much more powerful.
2. Bitshares is more disruptive, Bitshares will change capitalism as we know it.
3. The potential market cap for Bitshares is much higher than the potential market cap for Bitcoin, it can replace forex, the stock markets, futures, derivatives and prediction markets.
4. Bitshares will be the best store of wealth / store of value. All of the other cryptocurrencies doing the same thing are being set up as charity coins, think Ethereum and Counterparty.
5. Bitshares has a pretty good budget, highly motivated and talented programmers, and a community which for it's size seems to have more innovative minds, skilled programmers, visionaries, than any other except for Mastercoin.


So I use these 5 points, maybe more but mainly those. I look at the minds behind a project, I look at the motivation of the developers (not just how skilled). I look at the talent of the minds involved. I look at the technology itself and whether or not it has features which Bitcoin cannot duplicate or adopt.

Bitcoin will never be able to be both a good store of value and good currency because of how it's designed. It was not designed to scale. It's designed to be e-cash and that is it. For this reason I expect Colored Coin to be at a disadvantage. I expect Mastercoin to have certain advantages and disadvantages because it's relying on Bitcoin's blockchain. I expect Counterparty to have the same disadvantages as Mastercoin and it is basically just a clone (the Litecoin of Mastercoin).

Bitshares is in a class of it's own. Whether or not you all can see that yet is another matter.

I expect Bitshares to be moderately successful in the short term, and whether or not it achieves long term success will depend on whether or not it learns from the mistakes of Bitcoin. Any serious student of technology, the political atmosphere around the Bitcoin community, the source code itself, they know the mistakes.



Title: Re: Bitshare roughly estimated at $100
Post by: santaclause102 on March 21, 2014, 01:36:09 am
Quote
I would pay the least possible. So I'd definitely be able to get more from the guy selling for $5 than you selling at $100.
I think we both agree on this. Bitshares can be a game changer if it works but that is not neccesarily determining the short term price.

Quote
If I had unlimited money, I would pay up to $500 per BTS. The reason why is the price I pay to get into BTS isn't so important because if it works as intended I could lock my profits in BitUSD. I don't have to worry about the volatility like I do with Bitcoin. So the initial price doesn't matter, what matters is that I cannot lose money so whatever I paid I would seek to lock in. I would not sell for less than I paid, and I would just buy Bitshares at $200 for instance and then quickly store it as BitUSD at $200 knowing that at some point in the future that $200 will get paid dividends.
If you take all your BTS and buy BitUSD with it it is like selling it for USD at whatever price BTS is at at that point except that the USD are issued by the Bitshares system. You dont have any BTS then anymore and can not profit from the value increase of BTS.
Title: Re: Bitshare roughly estimated at $100
Post by: oldman on March 21, 2014, 04:45:10 am
If BTS can provide a decent yield (5%) the market cap will run into the hundreds of billions in short order.

Do not forget the largest and most liquid population of investors - baby boomers - are absolutely desperate for yield, and that desperation is only going to increase in the coming years.

Rates on debt are a joke, counterparty risk with gov debt is growing, and equity markets are on life support.

When the music stops and investors go risk-off, BTS could be a highly attractive investment option.

The hot money comes hard and fast... hope we're ready for it.
Title: Re: Bitshare roughly estimated at $100
Post by: muse-umum on March 21, 2014, 05:07:53 am
$100 is the long term target. As far as I know , most of the Chinese would sell at $10. So, be prepared to get the cheap xts.
Title: Re: Bitshare roughly estimated at $100
Post by: Shentist on March 21, 2014, 06:27:01 am
we will see.

depends all for the motivation of the buyer and how they funded AGS investment. In my example i bought btc at this time and converted it in AGS donation. So in the short run i will not sell under 10 US $ because i would lose money. If we see 20 US $? I am bullish at BTS, but maybe i sell some to cover the costs. Success of the project is not 100%, so it will depends on the added feature to add value es well.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 23, 2014, 04:28:17 am
Quote
I would pay the least possible. So I'd definitely be able to get more from the guy selling for $5 than you selling at $100.
I think we both agree on this. Bitshares can be a game changer if it works but that is not neccesarily determining the short term price.

Quote
If I had unlimited money, I would pay up to $500 per BTS. The reason why is the price I pay to get into BTS isn't so important because if it works as intended I could lock my profits in BitUSD. I don't have to worry about the volatility like I do with Bitcoin. So the initial price doesn't matter, what matters is that I cannot lose money so whatever I paid I would seek to lock in. I would not sell for less than I paid, and I would just buy Bitshares at $200 for instance and then quickly store it as BitUSD at $200 knowing that at some point in the future that $200 will get paid dividends.
If you take all your BTS and buy BitUSD with it it is like selling it for USD at whatever price BTS is at at that point except that the USD are issued by the Bitshares system. You dont have any BTS then anymore and can not profit from the value increase of BTS.

But if I should believe the price is going to drop to $5 wouldn't I turn it into BitUSD before people could sell it down to $5 to lock my BTS value at those higher prices? If the price of BTS goes down you want to lock in your profits somehow and BitUSD is how you do it. Once people sell it down to $5 I can buy more BTS with BitUSD without even having to leave the Bitshares ecosystem.

Or am I missing something here?

If BTS can provide a decent yield (5%) the market cap will run into the hundreds of billions in short order.

Do not forget the largest and most liquid population of investors - baby boomers - are absolutely desperate for yield, and that desperation is only going to increase in the coming years.

Rates on debt are a joke, counterparty risk with gov debt is growing, and equity markets are on life support.

When the music stops and investors go risk-off, BTS could be a highly attractive investment option.

The hot money comes hard and fast... hope we're ready for it.

I doubt this. We will see $100+ this summer for sure if Bitshares is marketed solid. Months away is not long term.

The only reason it wouldn't be able to reach $100+ is poor marketing. People looking to get out of Bitcoin because Bitcoin is going down in USD price have to park their wealth somewhere while that happens. People who want to invest long term in crypto have to invest somewhere.

The only reason it wont take off is if somehow it doesn't work as intended. If it does then there is nothing else like it and BTS is perhaps the best investment in the world.

It's an order of magnitude better than Bitcoin. Some of the complaints Warren Buffett and others had about Bitcoin don't apply as well to Bitshares. There is no volatility issue, it will hold value even if the price of BTS goes down.

For example lets say people in the community are foolish and intend to sell for prices like $10 or $5, so we now can either park our value in BitBTC, BitGLD or BitUSD. When shorting is added as a feature we'll actually be able to make money within Bitshares itself from people selling Bitshares at bargain prices while we buy the Bitshares at those bargain prices.

Simply short BTS and go long BitBTC.

Buy up the cheap BTS while the whales dump them at silly prices.
When the dumping ends, stop shorting, put your profit in BitUSD. Wait for the next dump and do another sweep.

This summer is going to be a lot of fun.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 23, 2014, 04:47:30 am
None of us have to lose money. I just hope shorting as a feature is included in the test release. 
Title: Re: Bitshare roughly estimated at $100
Post by: santaclause102 on March 23, 2014, 09:18:49 pm

Quote
But if I should believe the price is going to drop to $5 wouldn't I turn it into BitUSD before people could sell it down to $5 to lock my BTS value at those higher prices? If the price of BTS goes down you want to lock in your profits somehow and BitUSD is how you do it. Once people sell it down to $5 I can buy more BTS with BitUSD without even having to leave the Bitshares ecosystem.

Or am I missing something here?

Correct.

But before you said
Quote
because if it works as intended I could lock my profits in BitUSD
  which made me think you mean you want to lock your BTS by buying BitUSD if BTS goes up.

Overall: Buying BitUSD is selling BTS and vice versa. Leaving the Bitshares Ecosystem doesnt matter as long as you trust the Bitsahres ecosystem just as much as a centralized exchange.
Title: Re: Bitshare roughly estimated at $100
Post by: luckybit on March 26, 2014, 09:55:05 am

Quote
But if I should believe the price is going to drop to $5 wouldn't I turn it into BitUSD before people could sell it down to $5 to lock my BTS value at those higher prices? If the price of BTS goes down you want to lock in your profits somehow and BitUSD is how you do it. Once people sell it down to $5 I can buy more BTS with BitUSD without even having to leave the Bitshares ecosystem.

Or am I missing something here?

Correct.

But before you said
Quote
because if it works as intended I could lock my profits in BitUSD
  which made me think you mean you want to lock your BTS by buying BitUSD if BTS goes up.

Overall: Buying BitUSD is selling BTS and vice versa. Leaving the Bitshares Ecosystem doesnt matter as long as you trust the Bitsahres ecosystem just as much as a centralized exchange.


Buying BitUSD isn't actually buying in the sense that anything is bought and sold. It's saving your buying power as BitUSD to shield you from downward volatility mainly.

So if Bitshares is going to $5 for the summer, why not buy BitUSD immediately and let it crash as low as it can? It all depends on the tools the minimum viable product has.