BTC is even bigger disappointment than BTS. It's failure reflects on all altcoin projects.
And now it's super hard to raise money for such cool projects like Moonstone. Alas, just a half and a year ago people were giving away 100+ BTC to scammers at BTT and now they can't spare a few for a killer wallet, wth. >:(
BitShares has the potential to be everything bitcoin wants to be and a hell of a lot more. That's why I'm still here, and hodling to the bitter end.
My biggest concern is how we are going to fund developers when the donations dry up. Delegate pay is nowhere near enough now and only getting less and less. There is clearly very little disposable income left in the space else moonstone would have been funded by now.
Shouldn't we be reaching out to VC's? Why aren't VC's buying Bitshares with it's potential to be so lucrative?
It's honestly getting to the stage where I don't know if I'm just crazy or the rest of the world is blind...
Probably both
My biggest concern is how we are going to fund developers when the donations dry up. Delegate pay is nowhere near enough now and only getting less and less. There is clearly very little disposable income left in the space else moonstone would have been funded by now.
Shouldn't we be reaching out to VC's? Why aren't VC's buying Bitshares with it's potential to be so lucrative?
It's honestly getting to the stage where I don't know if I'm just crazy or the rest of the world is blind...
Probably both
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
My biggest concern is how we are going to fund developers when the donations dry up.
My biggest concern is how we are going to fund developers when the donations dry up. Delegate pay is nowhere near enough now and only getting less and less. There is clearly very little disposable income left in the space else moonstone would have been funded by now.
Shouldn't we be reaching out to VC's? Why aren't VC's buying Bitshares with it's potential to be so lucrative?
It's honestly getting to the stage where I don't know if I'm just crazy or the rest of the world is blind...
Probably both
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
I'm a Jon Snow regarding day trading
Bitcoin's flaws (the mining, the slow transaction time, and the poor governance structure, for example) have been on full display. I'd like to be hopeful that if BitShares' developers can hang on and tough it out and we end with a really usable product with amazing utility, there should be some interest out there in the path that Bitcoin has blazed. BitShares IS the better mousetrap.
My biggest concern is how we are going to fund developers when the donations dry up. Delegate pay is nowhere near enough now and only getting less and less. There is clearly very little disposable income left in the space else moonstone would have been funded by now.
Shouldn't we be reaching out to VC's? Why aren't VC's buying Bitshares with it's potential to be so lucrative?
It's honestly getting to the stage where I don't know if I'm just crazy or the rest of the world is blind...
Probably both
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.+5% +5%
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.You only agree because that is what you WANT it to do. You know nothing about what the future will bring. Everybody has been saying the exact same thing despite all the so called past milestones that have been reached. And look where BTS is. It is collapsing, not growing. Users are leaving, internal market volume is shrinking, market cap and market share are shrinking....
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
I'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.If you get voted in, you can go full time? Really? Do you know how much a full time delegate pays in real world cash right now? Practically nothing. Or is your productivity contingent on a delegate and not time or interference with your real day job. As in this is your hobby and you want to get paid to do your hobby?
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
I'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
BTC is even bigger disappointment than BTS. It's failure reflects on all altcoin projects.
And now it's super hard to raise money for such cool projects like Moonstone. Alas, just a half and a year ago people were giving away 100+ BTC to scammers at BTT and now they can't spare a few for a killer wallet, wth. >:(
BTC is even bigger disappointment than BTS. It's failure reflects on all altcoin projects.
And now it's super hard to raise money for such cool projects like Moonstone. Alas, just a half and a year ago people were giving away 100+ BTC to scammers at BTT and now they can't spare a few for a killer wallet, wth. >:(
This. It's bitcoin's massive bleed-out over the past 1.5 years that's truly at the heart of all this bearishness. And honestly it only looks like the trend will continue downward with bitcoin. The only things left to look forward to are the ETF and halving next year, but I'd say there's a good chance those are already priced in anyway. These events will probably be used as an excuse to pump the price up a bit, but will be followed by a long bleed-out period all over again.
BitShares has the potential to be everything bitcoin wants to be and a hell of a lot more. That's why I'm still here, and hodling to the bitter end.
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.You only agree because that is what you WANT it to do. You know nothing about what the future will bring. Everybody has been saying the exact same thing despite all the so called past milestones that have been reached. And look where BTS is. It is collapsing, not growing. Users are leaving, internal market volume is shrinking, market cap and market share are shrinking....
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
QuoteI'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.If you get voted in, you can go full time? Really? Do you know how much a full time delegate pays in real world cash right now? Practically nothing. Or is your productivity contingent on a delegate and not time or interference with your real day job. As in this is your hobby and you want to get paid to do your hobby?
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
QuoteI'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
I'm a Jon Snow regarding day trading
(http://i3.kym-cdn.com/photos/images/newsfeed/000/527/985/04f.gif)
It's true ahah maybe because of that I don't worry about the price too much, because I don't care about short term profits and invested ready for the long term.
To be honest I only worry about one thing with these low prices, is how can they affect delegates and development. As long as delegates have enough money to accomplish what their milestones I'm at ease.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
It's true ahah maybe because of that I don't worry about the price too much, because I don't care about short term profits and invested ready for the long term.
To be honest I only worry about one thing with these low prices, is how can they affect delegates and development. As long as delegates have enough money to accomplish what their milestones I'm at ease.
This most accurately parallels my position as well.I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
While this is what I would suspect to be the case (and for those that care about $$$ ROI first and foremost - consolidation of holdings into a handful of big guns might be beneficial)
What I worry about is how much ideology we might lose in the transition.
I believe in the ability and integrity of bytemaster and the rest of the Dev team, but I am also bothered by the relative absence of Toast, as I viewed him as the Bitshares Devs most transparent ideological indicator.
Wohooo ... plenty of buy signals ;)It's true ahah maybe because of that I don't worry about the price too much, because I don't care about short term profits and invested ready for the long term.
To be honest I only worry about one thing with these low prices, is how can they affect delegates and development. As long as delegates have enough money to accomplish what their milestones I'm at ease.
This most accurately parallels my position as well.I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
While this is what I would suspect to be the case (and for those that care about $$$ ROI first and foremost - consolidation of holdings into a handful of big guns might be beneficial)
What I worry about is how much ideology we might lose in the transition.
I believe in the ability and integrity of bytemaster and the rest of the Dev team, but I am also bothered by the relative absence of Toast, as I viewed him as the Bitshares Devs most transparent ideological indicator.
Toast may be coming back to the fold this month... stay tuned.
It's true ahah maybe because of that I don't worry about the price too much, because I don't care about short term profits and invested ready for the long term.
To be honest I only worry about one thing with these low prices, is how can they affect delegates and development. As long as delegates have enough money to accomplish what their milestones I'm at ease.
This most accurately parallels my position as well.I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
While this is what I would suspect to be the case (and for those that care about $$$ ROI first and foremost - consolidation of holdings into a handful of big guns might be beneficial)
What I worry about is how much ideology we might lose in the transition.
I believe in the ability and integrity of bytemaster and the rest of the Dev team, but I am also bothered by the relative absence of Toast, as I viewed him as the Bitshares Devs most transparent ideological indicator.
Toast may be coming back to the fold this month... stay tuned.
You only agree because that is what you WANT it to do.
This month (April) or upcoming month (May)?
And then add a month or two because everything is always late. :P
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.You only agree because that is what you WANT it to do. You know nothing about what the future will bring. Everybody has been saying the exact same thing despite all the so called past milestones that have been reached. And look where BTS is. It is collapsing, not growing. Users are leaving, internal market volume is shrinking, market cap and market share are shrinking....
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
QuoteI'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.If you get voted in, you can go full time? Really? Do you know how much a full time delegate pays in real world cash right now? Practically nothing. Or is your productivity contingent on a delegate and not time or interference with your real day job. As in this is your hobby and you want to get paid to do your hobby?
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
QuoteI'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
Can you provide numbers to back what you say above? If you can provide numbers then make a thread based on those numbers and no one can disagree. Numbers don't lie.
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.You only agree because that is what you WANT it to do. You know nothing about what the future will bring. Everybody has been saying the exact same thing despite all the so called past milestones that have been reached. And look where BTS is. It is collapsing, not growing. Users are leaving, internal market volume is shrinking, market cap and market share are shrinking....
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
QuoteI'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.If you get voted in, you can go full time? Really? Do you know how much a full time delegate pays in real world cash right now? Practically nothing. Or is your productivity contingent on a delegate and not time or interference with your real day job. As in this is your hobby and you want to get paid to do your hobby?
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
QuoteI'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
Can you provide numbers to back what you say above? If you can provide numbers then make a thread based on those numbers and no one can disagree. Numbers don't lie.
Here are some telling numbers... I clicked a random page to see the number of new users on this forum in the past on a given day, I happened to click this date https://bitsharestalk.org/index.php?action=mlist;sort=registered;desc;start=1080 from January, the entire page is filled up with new forum members from a single day. On the other hand, click most recent https://bitsharestalk.org/index.php?action=mlist;sort=registered;desc;start=0 and it takes more than a week to fill up a page of new members.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Truth. +5%
The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Truth. +5%
The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.
Indeed.
Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down. In fact, the shares at that point are not even tradable.
It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs. This is very cool. And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology. And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.
Even then, while the average person might be able to grasp a basic idea of what Bitocin means, that is, they can understand the short explanation or 'story' of bitcoin, understanding Bitshares is more difficult by an order of magnitude. Without a finance/economics/trading background, you CANNOT understand it. You will not have the slightest clue how bitAssets work, and about shorting and collateral and margin calls, or anything! And so most people cannot distinguish between Bitshares and the tons of other crap out there. The other coins all have nice one line summaries of their 'story', like "Darkcoin is anoynmous", or "Dogecoin is fun and has cute dog pictures". And they understand those things. But Bitshares is incomprehensible financial mumbo jumbo to them, and so all they see is that the price is going down, therefore it must suck.
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have. The current bear market is grinding out most of these people, and those that remain are either those who understand bitshares, or those who are very very stubborn. (In investing, an average amount of stubbornness is terrible for your health! It means you hold through the early declines but then sell late, near the bottom! You need to either be quick to bail, or you need to hold through everything and come out the other side).
BTC is even bigger disappointment than BTS. It's failure reflects on all altcoin projects.
And now it's super hard to raise money for such cool projects like Moonstone. Alas, just a half and a year ago people were giving away 100+ BTC to scammers at BTT and now they can't spare a few for a killer wallet, wth. >:(
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
I'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
I'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have.
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.You only agree because that is what you WANT it to do. You know nothing about what the future will bring. Everybody has been saying the exact same thing despite all the so called past milestones that have been reached. And look where BTS is. It is collapsing, not growing. Users are leaving, internal market volume is shrinking, market cap and market share are shrinking....
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
If you get voted in, you can go full time? Really? Do you know how much a full time delegate pays in real world cash right now? Practically nothing. Or is your productivity contingent on a delegate and not time or interference with your real day job. As in this is your hobby and you want to get paid to do your hobby?
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have.
Seriously?? The western guys and especially Chinese forumers have been complaining the merger killer, the dilution killer, the constant 'flip-flop' decisions-on-impulse, the 'forever' buggy and unreliable wallet, the no-milestone-map .... On the contrary, they know very well what is happening.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
This is the best news I have heard for a long time. I hope this time it does not end up just talk (reference 'the coming-soon bts debit card', 'exchanges eager to become gateways, 'secret sauce', ...).
My biggest concern is how we are going to fund developers when the donations dry up. Delegate pay is nowhere near enough now and only getting less and less. There is clearly very little disposable income left in the space else moonstone would have been funded by now.
Shouldn't we be reaching out to VC's? Why aren't VC's buying Bitshares with it's potential to be so lucrative?
It's honestly getting to the stage where I don't know if I'm just crazy or the rest of the world is blind...
Probably both
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Quote
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have.
Seriously?? The western guys and especially Chinese forumers have been complaining the merger killer, the dilution killer, the constant 'flip-flop' decisions-on-impulse, the 'forever' buggy and unreliable wallet, the no-milestone-map .... On the contrary, they know very well what is happening.
I was not referring to the forum participants here. I am referring to the people who follow trollboxes on exchanges and just buy whatever is hot that people tell them to buy. Those people dont understand bitshares at all, so they just sell when it goes back down.
At this point we should stop caring about the price.
At this point we should stop caring about the price.
+5% BitShares is one of the few currencies that's not meant for "daytraders" in my opinion.
We need an actual ecosystem, a reason for people to use BitUSD.
This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Truth. +5%
The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.
Indeed.
Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down. In fact, the shares at that point are not even tradable.
It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs. This is very cool. And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology. And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.
........
Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.Good job Ken. You have my vote
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
I'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
I'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.
+5%This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.
How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...
Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...
If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"
Quote
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have.
Seriously?? The western guys and especially Chinese forumers have been complaining the merger killer, the dilution killer, the constant 'flip-flop' decisions-on-impulse, the 'forever' buggy and unreliable wallet, the no-milestone-map .... On the contrary, they know very well what is happening.
I was not referring to the forum participants here. I am referring to the people who follow trollboxes on exchanges and just buy whatever is hot that people tell them to buy. Those people dont understand bitshares at all, so they just sell when it goes back down.
I hope you are not suggesting that 99% of the current bts investors are in fact pure speculators behind the exchanges' trollboxes. What happened to the ags&pts founding investors, the later investors and believers, holders in bts? Are they gone? We have a problem.
Did your mothers bitshares transfer to the weak hand?Did she satisfied with your investment in bitshares??I assume your mama's funds were 80-90% gone form original. :o :o :o
I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Truth. +5%
The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.
Indeed.
Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down. In fact, the shares at that point are not even tradable.
It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs. This is very cool. And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology. And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.
Even then, while the average person might be able to grasp a basic idea of what Bitocin means, that is, they can understand the short explanation or 'story' of bitcoin, understanding Bitshares is more difficult by an order of magnitude. Without a finance/economics/trading background, you CANNOT understand it. You will not have the slightest clue how bitAssets work, and about shorting and collateral and margin calls, or anything! And so most people cannot distinguish between Bitshares and the tons of other crap out there. The other coins all have nice one line summaries of their 'story', like "Darkcoin is anoynmous", or "Dogecoin is fun and has cute dog pictures". And they understand those things. But Bitshares is incomprehensible financial mumbo jumbo to them, and so all they see is that the price is going down, therefore it must suck.
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have. The current bear market is grinding out most of these people, and those that remain are either those who understand bitshares, or those who are very very stubborn. (In investing, an average amount of stubbornness is terrible for your health! It means you hold through the early declines but then sell late, near the bottom! You need to either be quick to bail, or you need to hold through everything and come out the other side).
A brilliant analysis! +1
This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.
Thus, our increased focus on reaching people who will use the products and services (entrepreneurs and consumers) rather than those who casually speculate on the underlying base asset will produce far less sensitivity to weak hands in the days ahead.
This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.
How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...
Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...
If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"
At this point we should stop caring about the price.
+5% BitShares is one of the few currencies that's not meant for "daytraders" in my opinion.
We need an actual ecosystem, a reason for people to use BitUSD.
BitShares produce BitUSD base on the needs of day traders . Without day traders , there are no BitUSD .
Without day traders activating the market , price , etc.etc. people won't expect profit , so they won't short either . No short , no BitUSD .
Unless there is an whole different system , day traders is really important (essential maybe) to the economy of BitUSD .
This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.
How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...
Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...
If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"