BitShares Forum

Main => General Discussion => Topic started by: VoR0220 on July 06, 2015, 03:52:34 pm

Title: Bitcoin rocketing through the roof, BTS left behind
Post by: VoR0220 on July 06, 2015, 03:52:34 pm
We all know that the market can be extremely volatile, but damn...the price of BTC is skyrocketing right now....$275....it's been a while since it was worth that much. Dash has moved ahead in the races (again), and Peercoin and NXT are not far behind...speculation as to why, anybody? (I figure the BTC definitely has to do with Greece).
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: lil_jay890 on July 06, 2015, 03:58:59 pm
All the alt coins seem to be traded by the same people.  The same amount of money is sloshing back and forth between the top 10 alts.  Bitcoin has the lowest barrier to entry, so it makes sense that its market cap is rising before bts.  I think this is a good thing because soon these new bitcoin holders will discover bts and hopefully move some of the capital to it.

The rises and falls over the last few months have little to do with fundamentals... its hot money and momentum chasers moving the markets.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: bitmeat on July 06, 2015, 03:59:43 pm
BTS seems to relate a lot more to CNY than USD, BTC or anything else.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Krills on July 06, 2015, 04:02:25 pm
(http://i.imgur.com/Ho3Vx1r.png)
Chinese abandoned BTS.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: VoR0220 on July 06, 2015, 04:10:30 pm
(http://i.imgur.com/Ho3Vx1r.png)
Chinese abandoned BTS.

LOL. Alright. Fair enough. You bring up some good points.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: JA on July 06, 2015, 04:11:46 pm
(http://i0.kym-cdn.com/entries/icons/original/000/002/830/sad_frog.jpg)
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Chuckone on July 06, 2015, 04:49:44 pm
It's unfortunate, but it seems the market don't put much value in BTS potential.

It's like comparing BTS to a highly intelligent teenage girl that is rejected because she lacks social skills, even though she has a lot of potential and only needs to develop it. At some point she's going to become a beautiful, articulate, highly educated (and highly paid!) young ambitious woman and all those who rejected her at the time will understand it was a mistake. But for the time being, she's left aside and the other teenage boys don't consider her interesting.

BTS ain't sexy right now. Even though it has much potential, investors don't see it yet. I don't say that BTS is undervalued compared to its intrinsic value, but in the speculative world of crypto finance, there's much hype and not a lot of investing based on fundamentals.

So until there's a 2.0 out there generating profits and several success stories of business partnerships, I don't think BTS will come anywhere near "the moon".

A shift in the general perception will need to happen so people outside this forum start to believe Bitshares IS the next best thing after Bitcoin.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: btswildpig on July 06, 2015, 05:08:08 pm
1、Alt-coin holders don't hold tight like BTS holders do when facing lost . They sell quickly which means everybody can easily pump alt-coin because only a few people has it after a long period of time . That's what any speculative market would expect , and that's why trading charts can see pattern , wave ,etc in repeat cycle .

2、BTS holders want to at least cover their cost , also there is always some "good news" "hope" that keep them hold tight . So , there are not enough sell on the market even though when the price was at the lowest point (volume matters than the price ) . There is an old saying in stock market , "if those who want it rises still alive , those who want it down won't stop "  .  If you try to buy the price up , there will be tons of selling pressure . But if you press the price down , you can't get enough selling volume to build up your inventory .
 
3、You can easily own 1/10000 BTS of the total supply , but imagine how much is 1/10000  in BTC  ? 2100 BTC。。。。 BTS is too distributed to pump .
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Empirical1.2 on July 06, 2015, 05:21:49 pm
It's unfortunate, but it seems the market don't put much value in BTS potential.

It's like comparing BTS to a highly intelligent teenage girl that is rejected because she lacks social skills, even though she has a lot of potential and only needs to develop it. At some point she's going to become a beautiful, articulate, highly educated (and highly paid!) young ambitious woman and all those who rejected her at the time will understand it was a mistake. But for the time being, she's left aside and the other teenage boys don't consider her interesting.

BTS ain't sexy right now. Even though it has much potential, investors don't see it yet. I don't say that BTS is undervalued compared to its intrinsic value, but in the speculative world of crypto finance, there's much hype and not a lot of investing based on fundamentals.

So until there's a 2.0 out there generating profits and several success stories of business partnerships, I don't think BTS will come anywhere near "the moon".

A shift in the general perception will need to happen so people outside this forum start to believe Bitshares IS the next best thing after Bitcoin.

While predominantly male and in the 18-40 range,  the alt-coin market is made up of a diverse group of more intelligent than average individuals from a wide range of interests and backgrounds, including traditional investing and from countries all over the world. As a result, even in an illiquid market most projects are fairly valued.

Currently you have a flight to safety, the most established, immutable, simple and robust crypto-currencies being the beneficiaries.  As the flight to safety is mostly coming out of Europe and particularly from Greece's trading partners like Bulgaria, whose main exchange is btce, as Clout pointed out, you're seeing PPC and NMC in particular being temporarily over-valued as a result. The Chinese stock market turmoil is also positive for crypto.

However this is all predictable...

Litecoin is still considered the next crypto-currency should Bitcoin run into problems and is also coming up to a block reward halving which could significantly reduce selling pressure. Combined I wouldn't be surprised to see the LiteCoin rally continue strongly.  Capital controls this weekend possibly for Greece could be good for all crypto too if it actually happens this time.

LTC up >100%  & I hadn't owned a single LiteCoin for ages previously :)
 

I believe it's the prospect of Greek capital controls, we witnessed a similar situation after Cryprus, crypto-currencies really took off.

In terms of percentage gains LTC & DGC could be the big winners,  followed by NXT & possibly PPC etc, then Bitcoin itself.

The one's that will increase but benefit the least from the Greece effect would be Ripple, BitShares, Stellar, MaidSafe and Ethereum if it's trading.


http://coinmarketcap.com/

As expected XRP, BTS, STR and MAID are up a combined average of 0.28% the last 24 hours.

LTC, BTC, DGC, NXT, PPC are up a combined average of 11.2%. ( A 40x greater return)

(Personally though I've been heavily weighted to Litecoin because of the factors outlined above and also more PPC because of btce, but I expect that to be more temporary and am keeping a close eye on volume etc.)


So you are now left with the frustrating situation where vastly inferior blockchains will rise rapidly in value when centralised currencies have problems despite having almost no development and being extremely costly while BitShares, who is literally blowing them away from a development standpoint and cost comparison has to get it's valuation up the hard way through blood, sweat and tears.

Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: cylonmaker2053 on July 06, 2015, 05:27:01 pm
Our time will come. Short term price fluctuations don't mean much when we consider the long term potential for BTS. let's just keep focusing on getting bitUSD and bitCNY into general circulation and we'll all be very well rewarded in the end...
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: triox on July 06, 2015, 05:28:20 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: VoR0220 on July 06, 2015, 05:43:42 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

Hm? Lead developer launches his own coin? Rumors? What do you speak of? I'm not sure I follow.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: cylonmaker2053 on July 06, 2015, 05:46:17 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

ouch!

i'm not so sure the typical alt crypto speculator does that much research...i think the typical path is to scan coinmarketcap and pick something with a nice name.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: btswildpig on July 06, 2015, 05:49:47 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

ouch!

i'm not so sure the typical alt crypto speculator does that much research...i think the typical path is to scan coinmarketcap and pick something with a nice name.

unless you're public enemy number 1 who had sware to eliminate BTC , POW , etc .etc ....
It tend to draw some unwanted attention to dig dirt on you .
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Ander on July 06, 2015, 06:03:46 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

This.  The market has absolutely no trust in BTS or its devs.  The only way to change that is to get 2.0 out, demonstrate a useable product, and start actually making money.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Empirical1.2 on July 06, 2015, 06:16:48 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

This.  The market has absolutely no trust in BTS or its devs.  The only way to change that is to get 2.0 out, demonstrate a useable product, and start actually making money.

Besides EU bank risk spiking recently, the EU is also red-flagging bank accounts linked to Bitcoin even for very small amounts, so I imagine many alt-coiners would consider profit-taking into BitCurrencies and BitCommodities, hopefully BTS 2.0 will be out early enough to slingshot off current events too.

BTS 2.0 actually looks really good. My main concern with BTS the company is whether it can convince the market it is sufficiently decentralised and robust enough.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: BunkerChainLabs-DataSecurityNode on July 06, 2015, 06:40:07 pm
Bitshares is suffering from "developer uncertainty". Devs have a terrible history of manipulating supply, splitting and joining networks, wasting crowdfunded donations, attempting to pump the price on vague, empty promises, distancing themselves legally and financially from shareholders, taking the shareholders hostage with their proprietary, closed IP. Now the lead developer launches his own coin that is rumored to potentially be a target of some kind of future value infusion from Cryptonomex, instead of BTS. I'm not even saying that all of those points are valid, but that has to be the view from the outside.

Hm? Lead developer launches his own coin? Rumors? What do you speak of? I'm not sure I follow.

I believe from the total description he was characterizing BROWNIE.PTS as 'his own coin'. It's an Asset not a coin... nonetheless.. there is a general lack of trust in the devs work aside from us core followers here.
Title: Re: Bitcoin rocketing through the roof, BTS left behind
Post by: Buck Fankers on July 06, 2015, 07:00:12 pm
I'm not even saying that all of those points are valid, but that has to be the view from the outside.

The market has absolutely no trust in BTS or its devs.

(http://www.reactiongifs.com/r/mon2.gif)