BitShares Forum

Main => General Discussion => Topic started by: PeterLynch on October 24, 2014, 07:51:20 pm

Title: Longtime Investor - I am out
Post by: PeterLynch on October 24, 2014, 07:51:20 pm
I've posted on this forum under a pseudonym before.  I feel it is necessary to share my opinion with others regarding the recent events.

I've been a longtime investor and believer in Bitshares.  I was following I3 before Protoshares was released.  I stayed up late and mined PTS from day one.  I bought AGS and BTSX.  I too wanted to see BTSX succeed.

Throughout the past couple of months, I've seen things which have made me uneasy about I3 and their intentions towards investors, but I kept quiet, hoping I was wrong.  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.  This is unfortunate.  I believed their word and took the social contract at face value.  I thought they were honest and trustworthy and under this logic advised others to invest in BTSX.  I cannot sit by any longer and support what I believe is simply a long con on investors.

To this end, I have accumulated a large position in PTS/AGS/BTSX which I will be liquidating.  I will attempt to do this slowly as to not erode my wealth and others.  I wish this community all the best and I do hope you are successful in your goals.  I initially got interested in Bitshares because I thought it was going to be the next Bitcoin.  I do not believe this anymore.  I have studied crypto extensively and come to the conclusion that NXT has the biggest chance of becoming the next Bitcoin.  This is where I will be allocating my capital.

Peter
Title: Re: Longtime Investor - I am out
Post by: feedthemcake on October 24, 2014, 07:55:09 pm
lol
Title: Re: Longtime Investor - I am out
Post by: onceuponatime on October 24, 2014, 07:55:50 pm
I've posted on this forum under a pseudonym before.  I feel it is necessary to share my opinion with others regarding the recent events.

I've been a longtime investor and believer in Bitshares.  I was following I3 before Protoshares was released.  I stayed up late and mined PTS from day one.  I bought AGS and BTSX.  I too wanted to see BTSX succeed.

Throughout the past couple of months, I've seen things which have made me uneasy about I3 and their intentions towards investors, but I kept quiet, hoping I was wrong.  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.  This is unfortunate.  I believed their word and took the social contract at face value.  I thought they were honest and trustworthy and under this logic advised others to invest in BTSX.  I cannot sit by any longer and support what I believe is simply a long con on investors.

To this end, I have accumulated a large position in PTS/AGS/BTSX which I will be liquidating.  I will attempt to do this slowly as to not erode my wealth and others.  I wish this community all the best and I do hope you are successful in your goals.  I initially got interested in Bitshares because I thought it was going to be the next Bitcoin.  I do not believe this anymore.  I have studied crypto extensively and come to the conclusion that NXT has the biggest chance of becoming the next Bitcoin.  This is where I will be allocating my capital.

Peter

Yeah, right.  lol
Title: Re: Longtime Investor - I am out
Post by: nomoreheroes7 on October 24, 2014, 07:56:50 pm
Lol this thread is gold.

You can come out now jl777...it's safe, I promise.
Title: Re: Longtime Investor - I am out
Post by: emski on October 24, 2014, 07:58:22 pm
Are you this guy: http://en.wikipedia.org/wiki/Peter_Lynch (http://en.wikipedia.org/wiki/Peter_Lynch) ?
This could be as well manipulation from anyone wishing to cloud the horizon for Bitshares.
Title: Re: Longtime Investor - I am out
Post by: feedthemcake on October 24, 2014, 07:58:56 pm
Also since you're "out", what was your other pseudonym and are you expecting us to believe you are this Peter Lynch?

http://en.wikipedia.org/wiki/Peter_Lynch
Title: Re: Longtime Investor - I am out
Post by: oco101 on October 24, 2014, 07:58:59 pm
Good luck Peter, and thank you for being a long time supporter.
Title: Re: Longtime Investor - I am out
Post by: PeterLynch on October 24, 2014, 07:59:12 pm
lol

Yeah, right.  lol

It is partially this mindset that helped me form my decision.  Please, think for yourselves.

I sincerely do wish everyone here the best.
Title: Re: Longtime Investor - I am out
Post by: luckybit on October 24, 2014, 07:59:27 pm
Nice attempt to affect the market Why would you have to post under a pseudonym if you're a long term supporter?

Dump if you want. We've got BitUSD, BitGLD, and it all works.
Title: Re: Longtime Investor - I am out
Post by: Pheonike on October 24, 2014, 07:59:27 pm
Sorry that flexibility and being adaptive and transparency are not things that you value.
Title: Re: Longtime Investor - I am out
Post by: carpet ride on October 24, 2014, 07:59:57 pm
Title: Re: Longtime Investor - I am out
Post by: yellowecho on October 24, 2014, 08:00:05 pm
Sorry to see you go but wish you the best too!
Title: Re: Longtime Investor - I am out
Post by: Empirical1.1 on October 24, 2014, 08:02:08 pm
Lol  :) Nice try, especially the NXT plug   :P

The developers are super honest. DNS was super illiquid and they own a lot of PTS, it would have been super easy to adjust the prices of the pieces before the merger allocation. The market move showed me there is no insider trading at all here, in fact they've gone out of their way to help the DNS guys that lost in the announcement. Also in all the parts of the deal, the key talent is the one taking a hit. In terms of honesty and integrity, a better team, there is none imo.
Title: Re: Longtime Investor - I am out
Post by: sschechter on October 24, 2014, 08:04:27 pm
You do realize that people think you're a joke because this is your first post under this account.  If you don't actually disclose your pseudonym, then why would anyone around here think you were anything but a NXT shill.  You could be making a genuine post, but its a genuine post disguised as dog poo.
Title: Re: Longtime Investor - I am out
Post by: toast on October 24, 2014, 08:05:28 pm
If you'd like to provide proof that you're PL I can facilitate it without alerting the entire world of your involvement in BTS.

The NXT plug made me laugh by the way
Title: Re: Longtime Investor - I am out
Post by: Method-X on October 24, 2014, 08:05:49 pm
If you are serious, you're going to look back on this as the biggest mistake of your life. I'm not an old-timer like you claim to be, but I see nothing but critical thinkers around here. We are NOT sheep. If something completely unfair was being done, we would be the FIRST to call bytemaster and co out on it.

I wish you luck in your future investments. After you liquidate, enjoy your profits.
Title: Re: Longtime Investor - I am out
Post by: emski on October 24, 2014, 08:08:49 pm
This could be aswell the new III PR. Look how everyone united. (:
Title: Re: Longtime Investor - I am out
Post by: WarrenBuffet on October 24, 2014, 08:13:49 pm
Sweet! Please dump so I can buy. What exchange?
Title: Re: Longtime Investor - I am out
Post by: gamey on October 24, 2014, 08:14:36 pm
I've posted on this forum under a pseudonym before.  I feel it is necessary to share my opinion with others regarding the recent events.

I've been a longtime investor and believer in Bitshares.  I was following I3 before Protoshares was released.  I stayed up late and mined PTS from day one.  I bought AGS and BTSX.  I too wanted to see BTSX succeed.

Throughout the past couple of months, I've seen things which have made me uneasy about I3 and their intentions towards investors, but I kept quiet, hoping I was wrong.  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.  This is unfortunate.  I believed their word and took the social contract at face value.  I thought they were honest and trustworthy and under this logic advised others to invest in BTSX.  I cannot sit by any longer and support what I believe is simply a long con on investors.

To this end, I have accumulated a large position in PTS/AGS/BTSX which I will be liquidating.  I will attempt to do this slowly as to not erode my wealth and others.  I wish this community all the best and I do hope you are successful in your goals.  I initially got interested in Bitshares because I thought it was going to be the next Bitcoin.  I do not believe this anymore.  I have studied crypto extensively and come to the conclusion that NXT has the biggest chance of becoming the next Bitcoin.  This is where I will be allocating my capital.

Peter

"Peter", if you are going away then post so on your old account.  What a load of rubbish.
Title: Re: Longtime Investor - I am out
Post by: Gentso1 on October 24, 2014, 08:15:05 pm
It was the nxt plug at the end that really made it special....
Title: Re: Longtime Investor - I am out
Post by: donkeypong on October 24, 2014, 08:17:51 pm
See ya. Pity we never knew ya. Enjoy your cigar and the afternoon mails.

While you're at it, see if mom can give you a ride to the concert. Hey, who took the Cheetos?
Title: Re: Longtime Investor - I am out
Post by: PeterLynch on October 24, 2014, 08:20:10 pm
If you are serious, you're going to look back on this as the biggest mistake of your life. I'm not an old-timer like you claim to be, but I see nothing but critical thinkers around here. We are NOT sheep. If something completely unfair was being done, we would be the FIRST to call bytemaster and co out on it.

I wish you luck in your future investments. After you liquidate, enjoy your profits.

Thank you.  I will enjoy my profits.  I'd suggest to others that they do the same.
Title: Re: Longtime Investor - I am out
Post by: Rune on October 24, 2014, 08:21:49 pm
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.
Title: Re: Longtime Investor - I am out
Post by: werneo on October 24, 2014, 08:23:25 pm
I've posted on this forum under a pseudonym before.  I feel it is necessary to share my opinion with others regarding the recent events.

I've been a longtime investor and believer in Bitshares.  I was following I3 before Protoshares was released.  I stayed up late and mined PTS from day one.  I bought AGS and BTSX.  I too wanted to see BTSX succeed.

Throughout the past couple of months, I've seen things which have made me uneasy about I3 and their intentions towards investors, but I kept quiet, hoping I was wrong.  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.  This is unfortunate.  I believed their word and took the social contract at face value.  I thought they were honest and trustworthy and under this logic advised others to invest in BTSX.  I cannot sit by any longer and support what I believe is simply a long con on investors.

To this end, I have accumulated a large position in PTS/AGS/BTSX which I will be liquidating.  I will attempt to do this slowly as to not erode my wealth and others.  I wish this community all the best and I do hope you are successful in your goals.  I initially got interested in Bitshares because I thought it was going to be the next Bitcoin.  I do not believe this anymore.  I have studied crypto extensively and come to the conclusion that NXT has the biggest chance of becoming the next Bitcoin.  This is where I will be allocating my capital.

Peter

Newbee Claims to be Napoleon, Makes the Cows Moo.
Title: Re: Longtime Investor - I am out
Post by: davidpbrown on October 24, 2014, 11:07:17 pm
On the off chance that this guy isn't a shill, I would suggest they listens to the mumble. 'Longtime Investor' isn't a long time investor, if they get shaken by good steps forward. Come back in 10 years and talk about long term.
Title: Re: Longtime Investor - I am out
Post by: Ander on October 24, 2014, 11:09:55 pm
Peter Lynch, hehe, nice one.  And I am actually Satoshi and I will soon dump my bitcoins for bitshares. :P
Title: Re: Longtime Investor - I am out
Post by: Method-X on October 24, 2014, 11:11:03 pm
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.

I'm curious, how did you find out about Bitshares? What "selling points" attracted you to this particular crypto?
Title: Re: Longtime Investor - I am out
Post by: eagleeye on October 24, 2014, 11:40:09 pm
all the best to you.

Lets see if transparent forging works.  Otherwise NXT is nothing compared to bitshares.
Title: Re: Longtime Investor - I am out
Post by: Ben Mason on October 24, 2014, 11:43:02 pm
On the off chance that this guy isn't a shill, I would suggest they listens to the mumble. 'Longtime Investor' isn't a long time investor, if they get shaken by good steps forward. Come back in 10 years and talk about long term.

Couldn't agree more.  Bitshares is 5 minutes old and things are only just getting interesting!

Title: Re: Longtime Investor - I am out
Post by: Rune on October 25, 2014, 12:17:29 am
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.

I'm curious, how did you find out about Bitshares? What "selling points" attracted you to this particular crypto?

Was a reddit post you made on /r/bitcoinmarkets :P

You mentioned DPOS, and somehow I didn't write it off as another shitcoin scam, but actually went to look up what it was, and once I realised how powerful DPOS is I was hooked.
Title: Re: Longtime Investor - I am out
Post by: Stan on October 25, 2014, 12:20:00 am
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.

This is an outstanding point.  It is especially true now that BitShares SuperDAC is taking over as the only actual company and I3 is fading into the background.  This forum will be the only human face of the company.  We are all ambassadors now.   :)
Title: Re: Longtime Investor - I am out
Post by: Method-X on October 25, 2014, 01:17:28 am
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.

I'm curious, how did you find out about Bitshares? What "selling points" attracted you to this particular crypto?

Was a reddit post you made on /r/bitcoinmarkets :P

You mentioned DPOS, and somehow I didn't write it off as another shitcoin scam, but actually went to look up what it was, and once I realised how powerful DPOS is I was hooked.

Wow! Looks like that AMA did some good. I'm planning to put up a reddit ad in /r/bitcoinmarkets explaining what Bitshares is all about, wanna help out? Pay it forward to the Bitcoinmarkets crowd :) Now if only we could get Moral Agent in here!
Title: Re: Longtime Investor - I am out
Post by: fuzzy on October 25, 2014, 01:45:07 am
Sorry to hear that man.  We definitely are not perfect...but I hope we are working toward improving. 
Title: Re: Longtime Investor - I am out
Post by: Rune on October 25, 2014, 01:49:06 am
Sorry to hear that man.  We definitely are not perfect...but I hope we are working toward improving.

As ridiculous as it sounds, we actually ARE perfect. Or rather, we have our hands on the perfect economic system. It will grow, acquire all competition and integrate it transparently into its own organizational structure in a way that increases utility for everyone involved. The moment we gain the tiniest amount of network effect we will become unstoppable and eventually acquire all assets on the planet.
Title: Re: Longtime Investor - I am out
Post by: Rune on October 25, 2014, 01:51:29 am
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.

I'm curious, how did you find out about Bitshares? What "selling points" attracted you to this particular crypto?

Was a reddit post you made on /r/bitcoinmarkets :P

You mentioned DPOS, and somehow I didn't write it off as another shitcoin scam, but actually went to look up what it was, and once I realised how powerful DPOS is I was hooked.

Wow! Looks like that AMA did some good. I'm planning to put up a reddit ad in /r/bitcoinmarkets explaining what Bitshares is all about, wanna help out? Pay it forward to the Bitcoinmarkets crowd :) Now if only we could get Moral Agent in here!

Yeah absolutely. I plan to make a campaign targeting /r/bitcoin and bitcointalk as well. We can discuss our ideas on mumble at some point before launch
Title: Re: Longtime Investor - I am out
Post by: Tuck Fheman on October 25, 2014, 02:15:52 am
(http://38.media.tumblr.com/9a594ba9daaeb2d488b2fcdf5794b836/tumblr_ndza6gWwPr1rtef2wo1_1280.png)

Thanks Pete!
Title: Re: Longtime Investor - I am out
Post by: House on October 25, 2014, 05:47:25 am
If this is a NXT shill, then so be it. On the off chance that this guy isn't a shill, please remember to be polite and nice to everyone no matter their opinions. We're a massive 45 million USD company, and we need to act like it - by always being professional and polite. It's vital that we manage to transform our community away from the cesspool that is the bitcoin community.
+5%
Title: Re: Longtime Investor - I am out
Post by: testz on October 25, 2014, 05:59:28 am
Good luck, and come back if you change your opinion.

PS: Be careful with NXT they have much "non TF" devs, some of them even anonymous.
Title: Re: Longtime Investor - I am out
Post by: johncitizen on October 25, 2014, 06:21:20 am
lmao, textbook
Title: Re: Longtime Investor - I am out
Post by: cube on October 25, 2014, 08:55:56 am

"Peter", if you are going away then post so on your old account.  What a load of rubbish.

Yes. Do tell us your old pseudonym if you want us to take you seriously.  And there is no need for a NXT-plug.
Title: Re: Longtime Investor - I am out
Post by: jsidhu on October 25, 2014, 09:12:18 am
NXt has more devs it seems but core direction is in question after bad
decisions... I dont trust them as much as they have. If we adopt proposals based on community needs and get them right this may be final wave and rocket will leave station for moon.

I hope team is capable of being community
friendly next few weeks some rnr is needed...
Title: Re: Longtime Investor - I am out
Post by: bobb on October 25, 2014, 10:01:32 am
Hey Peter,

thanks for sharing your thoughts instead of just leaving.
From your post I read that your concern is mostly investment related and you are invested in BTSX and AGS, right?
So I guess your concern is not about the paradigm shift but more on the financial side.

  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.

I my point of view the disjunct set of investors' and I3's interests just became very small. They want BTS to succeed as much as you do.
Yeah, I3 switches gears and paradigms a lot. But in most cases they have a very good reason for that.
(E.g. not being able to liquidate funds to fund devs and operations, facing the problem that the available workforce is somehow starting to compete, ...)
And if they screw up, they'll fix it. Just have a look at toast, who put in enormous effort to make the people whole that lost the most due to the merger.

But I also shared a big concern of yours:
As an investor it was very blurry in what you really were investing when buying e.g. BTSX or DNS. Who was behind a DAC? What was I3 really committed to?
I my point of view this kept investors pretty much in the uncertain and may even hindered some from investing.
Actually, that 'flaw' is gone now.  Was the (still ongoing) transition handled nicely? I guess we all know the answer to that.
But the outcome is actually pretty good. I3 now has a clear focus and commitment. After the dust settles it should make you much more comfortable than before.
I also do not like the vesting of my funds but when looking at the bigger picture this merge is by far the best way to go.
Especially if you hold a big position in BTSX the recent events put you in a much better position.
If you disagree, I would be curious why.

I'd like to apologize for some reactions if your post was a genuine one. The post just checked a couple boxes which provokes this kind of reactions.
Title: Re: Longtime Investor - I am out
Post by: inarizushi on October 25, 2014, 10:51:36 am
Sweet! Please dump so I can buy. What exchange?

Ahahah perfect answer  +5% +5%
Title: Re: Longtime Investor - I am out
Post by: Empirical1.1 on October 25, 2014, 12:01:42 pm
Sweet! Please dump so I can buy. What exchange?

Ahahah perfect answer  +5% +5%

 +5%  :P
Title: Re: Longtime Investor - I am out
Post by: changematey on October 25, 2014, 03:26:00 pm
I think this thread already has more than enough people asking for your second id. So let me be the next one. What is your original id? And nxt, really? Thumb rule - most of the cryptos are spotty...nxt, more so: https://bitsharestalk.org/index.php?topic=8022.0
Title: Re: Longtime Investor - I am out
Post by: PeterLynch on October 25, 2014, 05:01:31 pm
Hey Peter,

thanks for sharing your thoughts instead of just leaving.
From your post I read that your concern is mostly investment related and you are invested in BTSX and AGS, right?
So I guess your concern is not about the paradigm shift but more on the financial side.

  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.

I my point of view the disjunct set of investors' and I3's interests just became very small. They want BTS to succeed as much as you do.
Yeah, I3 switches gears and paradigms a lot. But in most cases they have a very good reason for that.
(E.g. not being able to liquidate funds to fund devs and operations, facing the problem that the available workforce is somehow starting to compete, ...)
And if they screw up, they'll fix it. Just have a look at toast, who put in enormous effort to make the people whole that lost the most due to the merger.

But I also shared a big concern of yours:
As an investor it was very blurry in what you really were investing when buying e.g. BTSX or DNS. Who was behind a DAC? What was I3 really committed to?
I my point of view this kept investors pretty much in the uncertain and may even hindered some from investing.
Actually, that 'flaw' is gone now.  Was the (still ongoing) transition handled nicely? I guess we all know the answer to that.
But the outcome is actually pretty good. I3 now has a clear focus and commitment. After the dust settles it should make you much more comfortable than before.
I also do not like the vesting of my funds but when looking at the bigger picture this merge is by far the best way to go.
Especially if you hold a big position in BTSX the recent events put you in a much better position.
If you disagree, I would be curious why.

I'd like to apologize for some reactions if your post was a genuine one. The post just checked a couple boxes which provokes this kind of reactions.

Bobb,

The reason for my decision is as follows:

- I3 has repeatedly shown that they are unwilling to commit to a singular course of action.
- I3 unilaterally makes decisions, ones which greatly affect shareholder value, without consulting investors.
- I3 shows no regard in honoring the commitments which initially enticed investment.

I3's intentions are at best ambiguous and the ease in which they are willing to compromise shareholder value is unsettling.  Even if you aren't currently affected by their recent decision, what leads you to believe that in the future your investment won't be subjected to a form of infringement at their hands?

One of my tenets of investing is "When in doubt, get out."

Peter
Title: Re: Longtime Investor - I am out
Post by: gamey on October 25, 2014, 05:27:19 pm
Hey Peter,

thanks for sharing your thoughts instead of just leaving.
From your post I read that your concern is mostly investment related and you are invested in BTSX and AGS, right?
So I guess your concern is not about the paradigm shift but more on the financial side.

  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.

I my point of view the disjunct set of investors' and I3's interests just became very small. They want BTS to succeed as much as you do.
Yeah, I3 switches gears and paradigms a lot. But in most cases they have a very good reason for that.
(E.g. not being able to liquidate funds to fund devs and operations, facing the problem that the available workforce is somehow starting to compete, ...)
And if they screw up, they'll fix it. Just have a look at toast, who put in enormous effort to make the people whole that lost the most due to the merger.

But I also shared a big concern of yours:
As an investor it was very blurry in what you really were investing when buying e.g. BTSX or DNS. Who was behind a DAC? What was I3 really committed to?
I my point of view this kept investors pretty much in the uncertain and may even hindered some from investing.
Actually, that 'flaw' is gone now.  Was the (still ongoing) transition handled nicely? I guess we all know the answer to that.
But the outcome is actually pretty good. I3 now has a clear focus and commitment. After the dust settles it should make you much more comfortable than before.
I also do not like the vesting of my funds but when looking at the bigger picture this merge is by far the best way to go.
Especially if you hold a big position in BTSX the recent events put you in a much better position.
If you disagree, I would be curious why.

I'd like to apologize for some reactions if your post was a genuine one. The post just checked a couple boxes which provokes this kind of reactions.

Bobb,

The reason for my decision is as follows:

- I3 has repeatedly shown that they are unwilling to commit to a singular course of action.
- I3 unilaterally makes decisions, ones which greatly affect shareholder value, without consulting investors.
- I3 shows no regard in honoring the commitments which initially enticed investment.

I3's intentions are at best ambiguous and the ease in which they are willing to compromise shareholder value is unsettling.  Even if you aren't currently affected by their recent decision, what leads you to believe that in the future your investment won't be subjected to a form of infringement at their hands?

One of my tenets of investing is "When in doubt, get out."

Peter

And what about NXT?  They don't even have a consistent leader.  The codebase is only as good as the leader.  Which also leads us to the point that if it became apparent Bytemaster wasn't acting in our interest someone could always attempt a fork.

Anyway, the irony here is that you're obviously a NXT supporter and not a longterm  supporter of Bitshares.  If you were a longterm supporter, you'd post under you real account to have more authority.  Authority which you obviously spend a lot of time trying to acquire by your effort spent typing.  This is the type of behavior that made me leave my brief interest in NXT and follow Bitshares.
:P
Title: Re: Longtime Investor - I am out
Post by: mf-tzo on October 25, 2014, 05:42:32 pm
My brief interest in NXT died the minute they had some huge announcements about Gocoin, the price was extremely pumped just to get completely dumped afterwards.. A known and respectful member of their community scammed many people (unfortunately I have some suspicious that this guy is part of this community here so be careful  who you trust 8)..). NXT has some very valuable members, good potential but also a lot of scamers who I think in the long run will unfortunately completely destroy NXT reputation. On the other hand we have bytemaster and some others who never made promises that didn't fulfill. Invest in people first and the rest will come..
Title: Re: Longtime Investor - I am out
Post by: gamey on October 25, 2014, 05:46:57 pm
My brief interest in NXT died the minute they had some huge announcements about Gocoin, the price was extremely pumped just to get completely dumped afterwards.. A known and respectful member of their community scammed many people (unfortunately I have some suspicious that this guy is part of this community here so be careful  who you trust 8)..). NXT has some very valuable members, good potential but also a lot of scamers who I think in the long run will unfortunately completely destroy NXT reputation.

Yep.  He likely is.  Scammers follow the money.  Thats how you win at anything in general.  Find out who is making money and why.  WIth scammers, set yourself up in a leadership role, make friends with EVERYONE.

Whether the scammers from NXT are active in our community I wouldn't guess.  However you can almost be assured their eyes are upon this forum with this new big pot of money being created.
Title: Re: Longtime Investor - I am out
Post by: mf-tzo on October 25, 2014, 05:57:15 pm
Quote
Find out who is making money and why.  WIth scammers, set yourself up in a leadership role, make friends with EVERYONE.

Not my cup of tea...The minute people here start scaming others and the rest don't do anything to protect the newbies it will be the day that you won't see me here again. I don't want to make friends with EVERYONE and I do not want to follow the money in the expense of others.
Title: Re: Longtime Investor - I am out
Post by: gamey on October 25, 2014, 06:07:40 pm
Quote
Find out who is making money and why.  WIth scammers, set yourself up in a leadership role, make friends with EVERYONE.

Not my cup of tea...The minute people here start scaming others and the rest don't do anything to protect the newbies it will be the day that you won't see me here again. I don't want to make friends with EVERYONE and I do not want to follow the money in the expense of others.

I tried to make it clear in general that it is how you do it.  Thats just life.  I'm not giving anyone advice to being a scammer.  I'm just explaining the inevitability of such things.  If you want to protect the community from scammers, voice your suspicions because it is never the like everyone crowd that protects people.
Title: Re: Longtime Investor - I am out
Post by: Tuck Fheman on October 25, 2014, 06:40:44 pm
My brief interest in NXT died the minute they had some huge announcements about Gocoin, the price was extremely pumped just to get completely dumped afterwards

 +5%  "PRE-ANN!!!!" ... yeah, we dealt with that guy at Feathercoin in 2013 during the UNOCS scam. They ran it the same way on NXT.

Title: Re: Longtime Investor - I am out
Post by: werneo on October 25, 2014, 07:07:17 pm
Hey Peter,

thanks for sharing your thoughts instead of just leaving.
From your post I read that your concern is mostly investment related and you are invested in BTSX and AGS, right?
So I guess your concern is not about the paradigm shift but more on the financial side.

  It's become abundantly clear with their recent decision that I3 is only looking out for their own interests at the expense of their investors/supporters.

I my point of view the disjunct set of investors' and I3's interests just became very small. They want BTS to succeed as much as you do.
Yeah, I3 switches gears and paradigms a lot. But in most cases they have a very good reason for that.
(E.g. not being able to liquidate funds to fund devs and operations, facing the problem that the available workforce is somehow starting to compete, ...)
And if they screw up, they'll fix it. Just have a look at toast, who put in enormous effort to make the people whole that lost the most due to the merger.

But I also shared a big concern of yours:
As an investor it was very blurry in what you really were investing when buying e.g. BTSX or DNS. Who was behind a DAC? What was I3 really committed to?
I my point of view this kept investors pretty much in the uncertain and may even hindered some from investing.
Actually, that 'flaw' is gone now.  Was the (still ongoing) transition handled nicely? I guess we all know the answer to that.
But the outcome is actually pretty good. I3 now has a clear focus and commitment. After the dust settles it should make you much more comfortable than before.
I also do not like the vesting of my funds but when looking at the bigger picture this merge is by far the best way to go.
Especially if you hold a big position in BTSX the recent events put you in a much better position.
If you disagree, I would be curious why.

I'd like to apologize for some reactions if your post was a genuine one. The post just checked a couple boxes which provokes this kind of reactions.

Bobb,

The reason for my decision is as follows:

- I3 has repeatedly shown that they are unwilling to commit to a singular course of action.
- I3 unilaterally makes decisions, ones which greatly affect shareholder value, without consulting investors.
- I3 shows no regard in honoring the commitments which initially enticed investment.

I3's intentions are at best ambiguous and the ease in which they are willing to compromise shareholder value is unsettling.  Even if you aren't currently affected by their recent decision, what leads you to believe that in the future your investment won't be subjected to a form of infringement at their hands?

One of my tenets of investing is "When in doubt, get out."

Peter

This is getting tiresome.

I address this response to any inexperienced investor hoping to keep their crypto: Anonymous Pete is an amateur actor playing the part of Peter Lynch, a real-life investor and certified old-wealthy-white-guy: http://en.wikipedia.org/wiki/Peter_Lynch

Anonymous Pete is engaging in a game of words, posting on an open forum for an ulterior motive: he is hoping to instill a quick panic in  the heart of some drunk, high and/or paranoid 19-year-old crypto investor who may be out there at this very moment.

You see, Anonymous Pete is actually a BTSX speculator. But he's come late to the party. And he wants his share, so to speak. So Anonymous Pete has calculated that there may be a few lucky guys out there who bought BTSX early and may have spent some of their profits on mind altering substances. He's shaking the tree a bit in hopes a few panicked apples may fall out.

If they sell, Anonymous Pete will buy.

For Anonymous Pete, it's all about being in the right place at the right time! A shot in the dark, you might say.

In that sense, Anonymous Pete is using the forum as a means of free advertising. That makes the O.P a kind of self-service ad for a profit-making enterprise.


Title: Re: Longtime Investor - I am out
Post by: xeroc on October 25, 2014, 07:11:56 pm
we should habe a subforum for people and posts like these .. just so they don't annoy those that want to be productive .. and not speculative
Title: Re: Longtime Investor - I am out
Post by: joele on October 26, 2014, 02:34:08 am
This should be moved to Random Discussion sub
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 26, 2014, 02:43:16 am
This should be moved to Random Discussion sub

Why? General Discussion too controversial for you? LOL
Title: Re: Longtime Investor - I am out
Post by: joele on October 26, 2014, 03:29:05 am
This should be moved to Random Discussion sub

Why? General Discussion too controversial for you? LOL

I don't want to read this kind of topic while I'm drunk, I might panic and dump all my shares. lol
Title: Re: Longtime Investor - I am out
Post by: Riverhead on October 26, 2014, 04:25:10 am

I don't want to read this kind of topic while I'm drunk, I might panic and dump all my shares. lol

Pro tip: Have a pass phrase that's almost impossible to type while drunk  8) .
Title: Re: Longtime Investor - I am out
Post by: liondani on October 26, 2014, 11:55:52 am

I don't want to read this kind of topic while I'm drunk, I might panic and dump all my shares. lol

Pro tip: Have a pass phrase that's almost impossible to type while drunk  8) .

something like:

"oneglassofwaterplease"   8)
or
"yesIamdrunk"
Title: Re: Longtime Investor - I am out
Post by: xeroc on October 26, 2014, 12:30:40 pm
you should try to write "bananas" when you are drunk :)
Title: Re: Longtime Investor - I am out
Post by: BitshatKing on October 30, 2014, 05:19:34 pm
STOP SELLING YOU STUPID AMERICAN!!!!

YOU R GOING TO KILL BITSHARES!!!!

EVERY ONE MUST SACRIFACE FOR BITSHARES DREAM!!!!!
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 05:20:25 pm
Lol I'm glad I divested
Title: Re: Longtime Investor - I am out
Post by: Rune on October 30, 2014, 05:20:34 pm
STOP SELLING YOU STUPID AMERICAN!!!!

YOU R GOING TO KILL BITSHARES!!!!

EVERY ONE MUST SACRIFACE FOR BITSHARES DREAM!!!!!

Shares for the share god!

Bits for the bit throne!
Title: Re: Longtime Investor - I am out
Post by: xeroc on October 30, 2014, 05:21:40 pm
STOP SELLING YOU STUPID AMERICAN!!!!

YOU R GOING TO KILL BITSHARES!!!!

EVERY ONE MUST SACRIFACE FOR BITSHARES DREAM!!!!!
lol .. and the amaricans think it's the chinese selling :)

p.s. for the next time .. stop SHOUTING! please
Title: Re: Longtime Investor - I am out
Post by: jsidhu on October 30, 2014, 05:22:33 pm
STOP SELLING YOU STUPID AMERICAN!!!!

YOU R GOING TO KILL BITSHARES!!!!

EVERY ONE MUST SACRIFACE FOR BITSHARES DREAM!!!!!
lol .. and the amaricans think it's the chinese selling :)

p.s. for the next time .. stop SHOUTING! please

I think its a combination... triggered by americans because btcusd took a hit.. and USD rallying vs all currencies (interest rate speculation because FED stopped bond buying).

IMO this is an ideal bottom for both bts usd and btc usd.
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 05:22:36 pm
What if ... It's I3 selling? In fact I think they should sell some of their stake. It's too large. :) so long term this could be great news
Title: Re: Longtime Investor - I am out
Post by: xeroc on October 30, 2014, 05:50:56 pm
What if ... It's I3 selling? In fact I think they should sell some of their stake. It's too large. :) so long term this could be great news
1) Buy high
2) Sell low
3) Goto 1) unless broke!
Title: Re: Longtime Investor - I am out
Post by: cass on October 30, 2014, 05:56:59 pm
we should habe a subforum for people and posts like these .. just so they don't annoy those that want to be productive .. and not speculative

criticism sub board section ^^
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 05:58:34 pm
Right lets move all threads that have any doubt in a recycle bin. :)
Title: Re: Longtime Investor - I am out
Post by: xeroc on October 30, 2014, 06:01:08 pm
Right lets move all threads that have any doubt in a recycle bin. :)
It's not about the doubt .. nor about the criticism ... it's about how the doubt s presented ... as pure FUD or with a chance for a discussion!
Title: Re: Longtime Investor - I am out
Post by: cass on October 30, 2014, 06:01:41 pm
Right lets move all threads that have any doubt in a recycle bin. :)

yeah ... indeed this the best idea^^ Nooooo, seriously i'm not joking with a *criticism board... just thinking loud ...
but wouldn't it better to have a central place here on forum for doubts, controversial thoughts etc...?



Title: Re: Longtime Investor - I am out
Post by: cass on October 30, 2014, 06:02:05 pm
Right lets move all threads that have any doubt in a recycle bin. :)
It's not about the doubt .. nor about the criticism ... it's about how the doubt s presented ... as pure FUD or with a chance for a discussion!

well said...
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 06:04:26 pm
Well I for one welcome volatility it is not healthy for any symbol price to go up up up. The 0.000093 was a key Fib level and I expected a drop. Funny how it follows these natural moves regardless of the news.
Title: Re: Longtime Investor - I am out
Post by: xeroc on October 30, 2014, 06:08:58 pm
Well I for one welcome volatility it is not healthy for any symbol price to go up up up. The 0.000093 was a key Fib level and I expected a drop. Funny how it follows these natural moves regardless of the news.
Sorry .. but I really need to ask this:
What do Fibonacci levels have to do with natural movements of markets/prices ..

When I read about this .. I only can think of the self fulfilling prophecy ..
But well .. I am not a trader ...

Could you enlighten me?
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 06:11:33 pm
Well I just find that they naturally have reaction. I don't know if it is a self fulfilling prophecy. What I do know is that they provide me with low risk high reward entries.
Title: Re: Longtime Investor - I am out
Post by: vegolino on October 30, 2014, 06:37:42 pm
Well I just find that they naturally have reaction. I don't know if it is a self fulfilling prophecy. What I do know is that they provide me with low risk high reward entries.
Can you please let us know where do you think the price is going to go next and why?
Thanks  :)
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 06:40:39 pm
I'm not a fortune teller, I take calculated risks. To be honest, it could go as low as 0.000025. But I'm not betting on that.
Title: Re: Longtime Investor - I am out
Post by: nomoreheroes7 on October 30, 2014, 06:42:02 pm
Well I just find that they naturally have reaction. I don't know if it is a self fulfilling prophecy. What I do know is that they provide me with low risk high reward entries.
Can you please let us know where do you think the price is going to go next and why?
Thanks  :)

I think we've hit the bottom just now...but I'm a shit trader lol. I'd like to imagine the snapshot coming up quick will re-spark some interest...and a lot of big guns are being prepared for November and December from the sounds of it. Selling now really is like leaving right before take off IMO.
Title: Re: Longtime Investor - I am out
Post by: bitmeat on October 30, 2014, 06:45:31 pm
The merger is a good thing long run. The proposals are good. However from experience and track record it will take much longer than people expect. Could be 2-3 years before it all happens and some won't be prepared to wait that long they will dump. Also competition might outplace BTSX so risks are there
Title: Re: Longtime Investor - I am out
Post by: Ander on October 30, 2014, 06:46:51 pm
Clearly I am a bad trader because I thought that we had hit the bottom on Oct 19, and I bought a lot more during the rally after that, and again when we went under 6000 sat yesterday, only to have increased my losses. 

Title: Re: Longtime Investor - I am out
Post by: vegolino on October 30, 2014, 06:52:05 pm
I have no intentions of selling any of my BTSX . Yesterday I made some BTSX by buying some bitUSD and selling them today for BTSX . Thought of doing it today again, but bitmeat is not saying much  :)

Title: Re: Longtime Investor - I am out
Post by: Ander on October 30, 2014, 06:53:58 pm
I have no intentions of selling any of my BTSX . Yesterday I made some BTSX by buying some bitUSD and selling them today for BTSX . Thought of doing it today again, but bitmeat is not saying much  :)

I've made some shares trading as well.

The problem is, I keep ending up with a bit more shares, but all of them are worth way less than they were before.
Title: Re: Longtime Investor - I am out
Post by: vegolino on October 30, 2014, 06:57:55 pm
I have no intentions of selling any of my BTSX . Yesterday I made some BTSX by buying some bitUSD and selling them today for BTSX . Thought of doing it today again, but bitmeat is not saying much  :)

I've made some shares trading as well.

The problem is, I keep ending up with a bit more shares, but all of them are worth way less than they were before.
Me too  :) , but I know it will eventually have to go up with all the brain power we have in this community.
Title: Re: Longtime Investor - I am out
Post by: Riverhead on October 31, 2014, 10:34:07 am
I have no intentions of selling any of my BTSX . Yesterday I made some BTSX by buying some bitUSD and selling them today for BTSX . Thought of doing it today again, but bitmeat is not saying much  :)

I've made some shares trading as well.

The problem is, I keep ending up with a bit more shares, but all of them are worth way less than they were before.
Without your trades you'd have fewer shares worth just as little 8)

Sent from my SM-G900T using Tapatalk

Title: Re: Longtime Investor - I am out
Post by: oldman on October 31, 2014, 08:53:29 pm
I continue to be entertained by folks divesting after holding for a few months.

Revolutionary tech takes years to realize value - Bitcoin is six years old and is just now enjoying some public acknowledgement.

Bitshares may enjoy an accelerated adoption cycle by piggybacking on the efforts of Bitcoin, but we're still years from any rational profit-taking/divesting.

My advice to the community:

1. Don't invest more that you can afford to lose.

2. Hold for two years.

3. Have a divesting strategy and stick to it.
Title: Re: Longtime Investor - I am out
Post by: biophil on October 31, 2014, 10:50:54 pm

1. Don't invest more that you can afford to lose.

2. Hold for two years.

3. Have a divesting strategy and stick to it.

Every time I see your posts I reverentially imagine them coming from an elderly sage... your username lends you immediate credibility :) as always, thanks for the cool-headed investment advice.

Sent from my SCH-S720C using Tapatalk 2

Title: Re: Longtime Investor - I am out
Post by: ripplexiaoshan on November 01, 2014, 02:36:31 pm
I continue to be entertained by folks divesting after holding for a few months.

Revolutionary tech takes years to realize value - Bitcoin is six years old and is just now enjoying some public acknowledgement.

Bitshares may enjoy an accelerated adoption cycle by piggybacking on the efforts of Bitcoin, but we're still years from any rational profit-taking/divesting.

My advice to the community:

1. Don't invest more that you can afford to lose.

2. Hold for two years.

3. Have a divesting strategy and stick to it.

I like your advice, thanks. BTS is still young to make any mistakes.

BTW, for the OP, I partly agree with your criticism on bts, but bts is absolutely better than NXT.
Title: Re: Longtime Investor - I am out
Post by: BitshatKing on November 01, 2014, 06:00:17 pm
(http://i.qkme.me/2jt4.jpg)

U KILLING BITSHARES!!!!  STOP NOW!!!1
Title: Re: Longtime Investor - I am out
Post by: xeroc on November 01, 2014, 06:31:13 pm
U KILLING BITSHARES!!!!  STOP NOW!!!1
would you please stop SHOUTING ..
please also read the netiquette ..  what you do shouldn't be tolerated!
Title: Re: Longtime Investor - I am out
Post by: bitmeat on November 01, 2014, 10:09:55 pm
Wow my expected level of 0.000025 might be hit a lot sooner than I thought.
Title: Re: Longtime Investor - I am out
Post by: jsidhu on November 01, 2014, 11:33:52 pm
Wow my expected level of 0.000025 might be hit a lot sooner than I thought.

def a buyers market here
Title: Re: Longtime Investor - I am out
Post by: bitmeat on November 01, 2014, 11:38:10 pm

Wow my expected level of 0.000025 might be hit a lot sooner than I thought.

def a buyers market here

Yeah I would definitely consider buying heavily below 0.00003
Title: Re: Longtime Investor - I am out
Post by: jae208 on November 01, 2014, 11:47:11 pm
OP lost all credibility when he recommended NXT.

-.-
Title: Re: Longtime Investor - I am out
Post by: coins on November 02, 2014, 02:21:21 am
Good