Quote from: newmine on August 30, 2015, 05:02:34 pm

Quote from: mf-tzo on August 30, 2015, 03:21:55 pm

I really don't get it...Who on earth is selling BTS at these prices? How is that even possible..
I can partially understand selling btc due to the whole confusion with XT maybe but why whould someone sell BTS now? I mean even CNX never comes out how is it possible that BTS is valued so low? We have a working platform with various bitassets and yet BTS is falling..I simply don't get this..

It really is preservation of capital.

With the stock markets dropping 5-10% in a day and bitcoin losing 30% in a few weeks, people are preserving capital and exiting the risky "investments" because fear is high.

Couple that with the complete uncertainty of Cryptonomex future alignments, aka the bank talk, and you have a recipe for stagnation. Let's also not forget about all the broken promises, failed deadlines, unusable current product and hints of grandiose things that never came to. People are rightfully skeptical and price has definitely reflected that.

There really is no mystery why.  There have been other good ideas by companies who were better run that failed too. Timing, marketing, competition are all categories that could cause failure and Bitshares whatever is failing with all three and more.

You could've just said "typical software development".

What is very unfortunate about the small holders that have been spooked by people like you (especially you) is that most of them have most probably never been involved in a software development project before and don't understand that these kind of delays are not only completely normal, but should be expected and planned for.

Pro tip: If any software developer promises delivery in 2 months, expect 4. 8 months? Expect 16.
Add extra cushion for degree of difficulty.

How many crypto decentralized exchanges had been built before Bitshares?
Yeah.

What's more interesting about Bitshares is that there actually exists a functioning client and blockchain that has been operating for over a year (with a functioning GUI  !!!) - and is about to release with a rewritten, more functional and streamlined version within the next 2-3 months (any somewhat experienced investor should not flinch if it were to take longer). The funny thing here is that you are probably the single most responsible one here at shaking out the weak hands (ie - making the poor, poorer and the rich, richer)

But keep at it, by all means - Mr. Numine - you have certainly helped people like me obtain far more BTS than I would have thought possible last year at this time. What you have been doing might be very good for you and the people that can easily see through you, but you are hurting those that can't - and you know what you are doing.

I just can't believe so many here let you slide with it until now.

It's one thing to take advantage of personal knowledge for personal gain - it's completely different to bait those lacking knowledge with FUD.

Monty