They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
+5% +5%They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.
Fret not; post-snapshot price drops aren't something to be afraid of. :)
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.
Fret not; post-snapshot price drops aren't something to be afraid of. :)
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
A lot of people seem to think that the post-snapshot price drops are a problem that needs to be "fixed." I completely disagree! The price drops are just a natural consequence of the market valuation of the new DAC that the snapshot creates. A post-snapshot is not a loss of value; it's a transfer of value to the new DAC. It's hard to see this with the Feb 28 snapshot because it's taken I3 so long to make Bitshares X liquid; in the future, I believe they're going to make sure that snapshots happen much closer to product launches so there won't be this long illiquid waiting period.
Fret not; post-snapshot price drops aren't something to be afraid of. :)Here is the article where we published the theory behind the characteristic sawtooth pattern of PTS.http://letstalkbitcoin.com/caution-watch-for-falling-pts/#.U1lhBl72nwI (http://letstalkbitcoin.com/caution-watch-for-falling-pts/#.U1lhBl72nwI)
Its like a battery charging up with anticipation, discharging a spark of new DAC life, and then charging up again. The net amount of energy keeps growing and is conserved across sparks, since all that happens is that some of your value moves into the new chain - which you also own.
They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
Its like a battery charging up with anticipation, discharging a spark of new DAC life, and then charging up again. The net amount of energy keeps growing and is conserved across sparks, since all that happens is that some of your value moves into the new chain - which you also own.
That is assuming the new DAC begins trading at Snapshot PTS price minus post PTS snapshot price. It could trade for more or it could trade for less. I don't think you could guarantee either way.
That is assuming the new DAC begins trading at Snapshot PTS price minus post PTS snapshot price. It could trade for more or it could trade for less. I don't think you could guarantee either way.They will drop like a ton of bricks after each snapshot of upcoming DACs. Fortunately the price should increase towards that days, too once the snapshot dates are announced.
Aah, i see.. So worth holding onto for now. I would have to be quick in that case to get them onto the exchanges to sell after the DAC snapshot's. Seems a shame to have to keep doing that though, what with the whole bitshares eco system looking like the best economic solution out there right now for the crypto world. Surely invictus are working on a solution? Like some kind of incentive to NOT sell after the snapshot? Just thinking out loud.
Unless a bunch of miners jump on board, with this difficulty you will not be able to be quick.
I'm just starting to wrap my head around the concept of PTS and decided it's a great opportunity to invest in.
I do understand the idea that the PTS value just before a snapshot increases as the anticipated value of the new DAC is included in the price, just before 10% of the new DAC shares are given to the PTS holders. So what I'm wondering is what happens with the new shares after the snapshot? Do we need another wallet than a standard PTS wallet? Is the wallet compatible with all the various shares? Will these new shares be convertible in some way in more PTS? If so, is there a mechanism in place as we speak? Will the future dividends from every new DAC shares be given in share value (share buy back with destruction of the share, which then rise the price of each share) or in another crypto-currency/equity?
An answer to all these questions will help a lot my understanding of "the gift that keeps on giving".
Thanks
Picking up a crap load of cheap PTS now. Sold it all after the BTSx snapshot, buying back now. 8)congratulations for picking the winning team :-)
Picking up a crap load of cheap PTS now. Sold it all after the BTSx snapshot, buying back now. 8)
So I am gradually donating them for AGS and I don't know if that is the right thing to do since now i feel i am giving up cheaply my PTS which I bought at much higher price. Any thought on that?You doing it right (IMHO) because AGS are cheap like hell too.
Picking up a crap load of cheap PTS now. Sold it all after the BTSx snapshot, buying back now. 8)congratulations for picking the winning team :-)
You doing it right (IMHO) because AGS are cheap like hell too.
For those of you who hung out on one of the recent Mumble / Beyond Bitcoin calls I discussed a give away strategy that I believe would make everyone from all camps happy. I am also keeping that strategy a secret to be revealed when we launch so that other coins cannot copy it.
It is sure to generate a ton of buzz.
DA your post is too-long so I didn't read especially when you said it was a guaranteed waste of time. I did skim the first part and had some other summarize it for me. I think you have made some valuable contributions so I hope you will hang around. You will probably like what we have in mind.
+5%For those of you who hung out on one of the recent Mumble / Beyond Bitcoin calls I discussed a give away strategy that I believe would make everyone from all camps happy. I am also keeping that strategy a secret to be revealed when we launch so that other coins cannot copy it.
It is sure to generate a ton of buzz.
DA your post is too-long so I didn't read especially when you said it was a guaranteed waste of time. I did skim the first part and had some other summarize it for me. I think you have made some valuable contributions so I hope you will hang around. You will probably like what we have in mind.
I think after Dan's statement it is wise to buy more PTS/AGS .... Just an advise... :)
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTwKLEVy8fQ_cN-RFOe6oB29o4sDsTGOYgvTscDpyUldyNK-8M0uw)
I too am buying more at these low prices.that's what people said when it was 2x what it's at now
While ever prices are floating between 0.0075 and 0.0085. BUY! Big things on the way for bitshares. I see it as a wise investment.