Keep in mind that BTSX will crash first before going back up again.. just warning you this is the 'return to normal' found in any bubble.



BTSX has some great technology but it simply hasn't had as much time to acquire as many users, and trust me it'll crash soon.  I'd give it one or two days before we hit the second peak.  I'd recommend you sell some soon if you are in it for the money, then buy back in a month or so.  Don't say I didn't warn you!

Quote from: feedthemcake on September 08, 2014, 12:33:21 am

Question:

If I have btc and I happy with the value of approximately 480.00 +/- USD per btc, can I purchase BTSX > then transfer BTSX to my wallet > then purchase BitUSD and store the value in the exchange and retain my approximately 480.00 USD? Rather than sell my BTC on coinbase or elsewhere and convert it to fiat and store it in a bank?  What are the advantages or disadvantages if this is how it would work.

Thanks!

Absolutely! On Bter.com you can actually move directly from BTC -> BitUSD.

If you can't trade directly from BTC to BitUSD, like you said, you can go from BTC -> BTSX -> move to wallet/exchange app -> trade to BitUSD.

Your $480 will be "locked in" even if BTSX goes down in value.

I don't know if you've heard about the announcement but starting this Wednesday, holders of BitUSD (and any other BitAsset) will be paid interest on their holdings. You'll be sheltered from the volatility of cryptocurrencies and you'll still be making about 5 - 10% interest per year. So moving your BTC into BitUSD will be considerably more profitable than keeping it on an exchange or in a local bank.

BitGLD and BitSLV will launch in the near future so putting your funds in gold and silver will be another option for you to consider.

Quote from: Maximus0352 on September 04, 2014, 02:39:01 am

Xeroc, will the fact that I donated from Coinbase in July affect my AGS  involvement in future snapshots?

Do you own the private key of the address you spent from? (I don't know as I am not using coinbase)

Through most if Bitcoin's history, it increased in value an order of magnitude in price 7 times, and all but one of those was in almost exactly 6 months.

See this historical graph:

http://canonizer.com/topic.asp/154/2

I'm assuming the reason it has stopped this progression is because of Bitcoin 2.0, primarily BitsharesX.

And it seems that Bitshares is taking up this 10 times increase every 6 months where Bitcoin left off.

After all, most of us purchased our Genesis block Bitshares at around $0.005 per share right?  And the first bubble easily made it past $0.05 in about 6 months time.

My prediction is that it will hit $0.50 per share in less than 6 months, and that this rate will continue for some time.  Anyone have any arguments for a different view?

Also, just as I've been predicting, the price of Bitshares would be depressed until the Either sale ended, many people taking their 10 times profit and rolling into Either.  Now that is over, the price looks like it is starting to move again.