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Main => General Discussion => Topic started by: BTSdac on January 13, 2015, 04:36:30 am

Title: why price BTS drop so much ,what is wrong
Post by: BTSdac on January 13, 2015, 04:36:30 am
Why price BTS drop so much ,what is wrong ?
Title: Re: why price BTS drop so much ,what is wrong
Post by: lil_jay890 on January 13, 2015, 04:38:16 am
Bitcoin getting crushed is causing margin calls on other Alt coins... It's like yelling "fire" in a crowded theatre and there is only 1 exit
Title: Re: why price BTS drop so much ,what is wrong
Post by: toast on January 13, 2015, 04:38:42 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.
Title: Re: why price BTS drop so much ,what is wrong
Post by: merlin0113 on January 13, 2015, 04:38:51 am
Why price BTS drop so much ,what is wrong ?

Panic sell, nothing more...
Title: Re: why price BTS drop so much ,what is wrong
Post by: BTSdac on January 13, 2015, 04:47:29 am
I  don`t know reason , but I can list what happened recently
1.Price of btc drop
2.PLAY IPO,
3.BM began to write blog
4.there is any news about locked BTS by Super DAC. 
Title: Re: why price BTS drop so much ,what is wrong
Post by: clayop on January 13, 2015, 04:51:54 am
4.there is any news about locked BTS by Super DAC.
This
Title: Re: why price BTS drop so much ,what is wrong
Post by: BTSdac on January 13, 2015, 04:53:24 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.
yes you are right , many people doesn`t look at github . it is a fact. should we adapt this situation ? 
 how people who doesn't look at github know programs developing . they can acc. to function of BTS released.
Title: Re: why price BTS drop so much ,what is wrong
Post by: consultant on January 13, 2015, 05:15:34 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
Title: Re: why price BTS drop so much ,what is wrong
Post by: jckj on January 13, 2015, 05:17:30 am
Value is less the price, so pric down is the real and right thing for its situation.
Title: Re: why price BTS drop so much ,what is wrong
Post by: Riverhead on January 13, 2015, 05:26:56 am

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.

I'd rather them release a working 1.0 protocol than a buggy one that meets some arbitrary date.
Title: Re: why price BTS drop so much ,what is wrong
Post by: lzr1900 on January 13, 2015, 05:32:26 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
this  +5% +5% +5%
I am very frustrated..
Title: Re: why price BTS drop so much ,what is wrong
Post by: merlin0113 on January 13, 2015, 05:52:27 am

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.

I'd rather them release a working 1.0 protocol than a buggy one that meets some arbitrary date.

No offense, how many hours devs are working per week? I wonder if this question is valid to ask.
Title: Re: why price BTS drop so much ,what is wrong
Post by: consultant on January 13, 2015, 08:14:38 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
this  +5% +5% +5%
I am very frustrated..

Same to me.
I hold my shares and never sold 1 cent.
I am depressed.
Title: Re: why price BTS drop so much ,what is wrong
Post by: xeroc on January 13, 2015, 10:06:22 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
this  +5% +5% +5%
I am very frustrated..
the version number is ARBITRARY .. and with voting for hard forks to upgrade the blockchain the number 1.0 tells you nothing ..
what counts is that the wallet is heavily under developed and lot's of bugs get squeezed everyday with plenty of nice features coming in ..

I give you a hint of what I mean exactly:
1) open up the client
2) go to console
3) type "help" and hit enter
4) read through ALL the commands there already are ..
6) no figure that: 4 months back there have been like 20 commands only

history of the wallet commands: https://github.com/BitShares/bitshares/commits/master/libraries/api/wallet_api.json
Title: why price BTS drop so much ,what is wrong
Post by: xiahui135 on January 13, 2015, 10:20:52 am
I think it is because:
1.  BTC crash
2. The product of bts is not usable. Few fresh join and some people is leaving .
Title: Re: why price BTS drop so much ,what is wrong
Post by: hpenvy2 on January 13, 2015, 10:22:38 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
this  +5% +5% +5%
I am very frustrated..
the version number is ARBITRARY .. and with voting for hard forks to upgrade the blockchain the number 1.0 tells you nothing ..
what counts is that the wallet is heavily under developed and lot's of bugs get squeezed everyday with plenty of nice features coming in ..

I give you a hint of what I mean exactly:
1) open up the client
2) go to console
3) type "help" and hit enter
4) read through ALL the commands there already are ..
6) no figure that: 4 months back there have been like 20 commands only

history of the wallet commands: https://github.com/BitShares/bitshares/commits/master/libraries/api/wallet_api.json

Nailed it.
Title: Re: why price BTS drop so much ,what is wrong
Post by: svk on January 13, 2015, 10:30:00 am
It's dropping because Bitcoin is dropping basically, the price of BTS relative to Bitcoin has been impressively stable for over two months now, hovering around 0.0005 ever since the burst of the initial bubble.

While I hope it's not really the case, Bitcoin seems to be going the way of Litecoin... A slow and steady fall as its limitations are becoming more apparent, mining is running into problems and the constant sell pressure from miners and merchants both put continous downward pressure on the price.
Title: why price BTS drop so much ,what is wrong
Post by: xiahui135 on January 13, 2015, 10:33:16 am
Not enough good news, all the progress is invisible to anyone who doesn't look at github.
News will affect the short price. The long term price will be determined by  service we provide to users. Only we add value to users, we get value.
We are not creating value for users yet.
Title: Re: why price BTS drop so much ,what is wrong
Post by: kripeecakes on January 13, 2015, 06:08:10 pm
Just gonna have to take the long view. Other than Ethereum, I can see not much else to hold other than BTS.
Title: Re: why price BTS drop so much ,what is wrong
Post by: Shentist on January 13, 2015, 06:25:35 pm
we have this threads only on a downtrend and never on a uptrend

why is BTS rising like hell????

- cryptomarket is in a bearmarket for many month, and will only start with a bigger audience.
- just wait for the next crisis and we have to be ready with fiat onramp and easy to use wallets
Title: Re: why price BTS drop so much ,what is wrong
Post by: teenagecheese on January 15, 2015, 03:50:32 am
I think it is because:
1.  BTC crash
2. The product of bts is not usable. Few fresh join and some people is leaving .

I think both of your points are exactly correct.
Title: Re: why price BTS drop so much ,what is wrong
Post by: anycoin on January 20, 2015, 03:31:19 am
I dont know about bts prior to now, but when btc drops so does all others....crypto market is "pegged" to btc in general. There is a competitor that I think has a chance(this is going to draw fire....please be kind...no head shots)
paycoin which the btc purists are fighting tooth and nail stands a chance if implemented as its plan states. Good business plan, some execution slowdowns and lots of resistance. I would personally like to see a xpy to bts pair
on a market. We are only paired to bitcoin and need multiple pairings....xpy/ litecoin/ripple/usd.  Maybe I am wrong....I have been at this only about one year, but it seems to me that as long as we are only paired to btc that we
are going to suffer when btc does.  On the bright side btc will come back and  those that are not afraid will make money(opinion only).
Title: Re: why price BTS drop so much ,what is wrong
Post by: pyhta4og on January 26, 2015, 12:34:07 pm
+1 for BITLTC and BITXRP assets

Also BITUSD Ripple gateway is a good thing to exchange fiat & bitshares directly

As for usability, I wonder if Electrum-like client will be available for BTSX. It's really a pain to run full client.
Title: Re: why price BTS drop so much ,what is wrong
Post by: islandking on January 26, 2015, 01:23:27 pm
Investors seem to be losing confidence in BTS.
Title: Re: why price BTS drop so much ,what is wrong
Post by: D4vegee on January 26, 2015, 01:32:30 pm
Investors seem to be losing confidence in BTS.

more fool them
Title: Re: why price BTS drop so much ,what is wrong
Post by: liondani on January 26, 2015, 01:36:59 pm
I dont know about bts prior to now, but when btc drops so does all others....crypto market is "pegged" to btc in general. There is a competitor that I think has a chance(this is going to draw fire....please be kind...no head shots)
paycoin which the btc purists are fighting tooth and nail stands a chance if implemented as its plan states. Good business plan, some execution slowdowns and lots of resistance. I would personally like to see a xpy to bts pair
on a market. We are only paired to bitcoin and need multiple pairings....xpy/ litecoin/ripple/usd.  Maybe I am wrong....I have been at this only about one year, but it seems to me that as long as we are only paired to btc that we
are going to suffer when btc does.  On the bright side btc will come back and  those that are not afraid will make money(opinion only).
hope you have not purchased paycoins at $15...  I would not be so optimistic ...

Sent from my ALCATEL ONE TOUCH 997D
Title: Re: why price BTS drop so much ,what is wrong
Post by: bitmarley on January 26, 2015, 10:47:26 pm
Because bitshares is new the bid/ask pools at any moment are rather fixed/illiquid. So when then the price of interface currencies like BTC or USD move suddenly like BTC from 230 to 315 suddenly less BTC is required to buy the same amount of BTS and so the bid side weakens.

If significant new interface currency is allocated into the bitshares bid/ask pools because of bright future and good news then that should readjust the BTS price as the bid side gets more liquidity again. So current prices could represent a good discount. Otherwise if the market doesn't see a good future for bitshares then the BTS price will eventually fade toward zero.   
Title: Re: why price BTS drop so much ,what is wrong
Post by: super3 on January 26, 2015, 11:25:12 pm
Quote
3.BM began to write blog
BM taking poorly about projects that I support made me dump a bunch.

Now that BitShares is launched a lot of the hype is gone. Maybe need something else to look forward too?