BitShares Forum

Main => General Discussion => Topic started by: bitcoinerS on July 12, 2014, 09:05:28 am

Title: BTSX is taking off!
Post by: bitcoinerS on July 12, 2014, 09:05:28 am: BTSX has not even been released yet, but is already market valued at over 50000 BTC! Congrats everyone and I am pretty sure we are just getting started ;)

https://bter.com/
https://bter.com/trade/BTSX_BTC

How soon to the moon?
Title: Re: BTSX is taking off!
Post by: gyhy on July 12, 2014, 09:17:06 am: +5%
Title: Re: BTSX is taking off!
Post by: xeroc on July 12, 2014, 10:41:05 am: Hmm .. not so fast .. aurora coin also had high cap with a low number of available coins ..

I guess and hope for a massive dump once tge liquidity rices ..
Title: Re: BTSX is taking off!
Post by: bitcoinerS on July 12, 2014, 10:46:15 am: Quote from: xeroc on July 12, 2014, 10:41:05 am
Hmm .. not so fast .. aurora coin also had high cap with a low number of available coins ..

I guess and hope for a massive dump once tge liquidity rices ..

I am buying.
Title: Re: BTSX is taking off!
Post by: liondani on July 12, 2014, 12:11:16 pm: (http://3.bp.blogspot.com/-0uSCRHUanGk/U8ElvpCqSZI/AAAAAAAAC-k/X3D5m73GPA8/s1600/Screenshot+2014-07-12+14.06.57.png)
Title: Re: BTSX is taking off!
Post by: sumantso on July 12, 2014, 01:20:52 pm: It will go up a lot eventually, but right now its a demand/supply issue.
Title: Re: BTSX is taking off!
Post by: BldSwtTrs on July 12, 2014, 04:58:40 pm: Quote from: sumantso on July 12, 2014, 01:20:52 pm
It will go up a lot eventually, but right now its a demand/supply issue.
It will always be a demand/supply issue ;)
Title: Re: BTSX is taking off!
Post by: yellowecho on July 13, 2014, 01:22:49 am: Current BTSX market cap at 58,000BTC on Bter. Look out, NXT, we're coming for you! :P
Title: Re: BTSX is taking off!
Post by: cygnify on July 13, 2014, 01:55:00 am: I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?
Title: Re: BTSX is taking off!
Post by: Bitshark on July 13, 2014, 02:02:35 am: Quote from: yellowecho on July 13, 2014, 01:22:49 am
Current BTSX market cap at 58,000BTC on Bter. Look out, NXT, we're coming for you! :P

Heavily inflated. The trade volume is pennies, just minnows rushing to get in.
Title: Re: BTSX is taking off!
Post by: Bitshark on July 13, 2014, 02:04:01 am: Quote from: cygnify on July 13, 2014, 01:55:00 am
I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?

.0000293 per BTSX share. How many shares did you get per BTC is the question.
Title: Re: BTSX is taking off!
Post by: toast on July 13, 2014, 02:06:52 am: Supply is 2b. Multiply old expected bts by 500

Sent from my SCH-I535 using Tapatalk
Title: Re: BTSX is taking off!
Post by: merockstar on July 13, 2014, 02:07:51 am: Quote from: cygnify on July 13, 2014, 01:55:00 am
I don't get the price at all. So if I use the current price 0.0000293 BTSX/BTC. My investment is now minuscule compared to what I paid in BTC.

EDIT: Which probably means that market cap is way way off?

your share is going to be proportional to a 2 billion supply, instead of the 4 million as originally planned. bter originally was basing it on a 4 million supply, but updated it to reflect the decision to increase supply.

you're going to have 500x the amount of btsx you think you had to account for this price difference (if you bought them on bter, then they're already showing this change, go check your account balance)

market cap = supply * price; so if supply goes up and market cap stays the same the price goes down.