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Messages - lil_jay890

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Yes... Brilliant Idea!

The market doesn't like something about btsx right now... I'm not sure what it could be, but the price isn't following all the cheerleading.  When price goes down after all this seemingly good news, it's time to be very cautious.

General Discussion / Re: Who's the target market?
« on: October 17, 2014, 01:27:30 pm »
From what I heard and read from marketing, they are targeting non-crypto users with easy on/off ramps.  This is a different approach than most coins.

The stock market has rallied on weak fundamentals the last 3 years... The main reason for that rise was corporate buybacks. Buybacks are basically the same thing as btsx burn.  Increasing dividends wouldn't have even come close to goosing the market the way buybacks did

Technical Support / Re: BTSX Price Per Share
« on: October 14, 2014, 05:45:24 pm »
Bitcoin went from 2.60 to 1165 in 2 years (44,707% gain).  This was when hardly anyone had even heard of crypto currencies too.  And still 2bln is not that hard to achieve even if there is just a slight change in the majority's public perception of crypto currencies.  Time will tell, but things move fast when momentum takes hold.

Technical Support / Re: BTSX Price Per Share
« on: October 14, 2014, 05:02:11 pm »
I would say within the next year we can easily hit $2bln in market cap.  That's really just a drop in the bucket with all the money sloshing around in the financial system.  Its a better product than bitcoin and a lot of the infrastructure is in place for crypto companies to switch over to btsx.  After next year I think we get exponential growth to $20bln by end of 2016... so $1/btsx in 2015 and $10/btsx by 2016.  If the tech catches on like many think it could, don't be surprised to see a $100bln valuation on btsx in the next 5 years, which still isn't even = to the market cap of visa. 

The price is surpressed now because of how difficult it is to actually aquire shares... The new onramps will help immensely with that.

Was anything ever done with this.  I still find it hard to short bitUSD.  When looking at the bitUSD order book on the bitsharesblocks, why does it show short orders under the bitUSD market price? Why have these short orders not been filled?



General Discussion / Re: Is the marketing execution in English happening?
« on: October 10, 2014, 12:17:46 am »
OMG my $2000 investment hasnt turned me into a millionaire yet and its already been 2 months!!! We gotta change everything now. Screw dpos we gotta go to pow cuz I read an article once about how good pow is.  And jesus, overstock just went with counter party. Ahhh the world is ending and bit shares is doomed. Fire management and get a new marketing team now!

Everyone just needs to take a deep breath and relax... Rome wasn't built in a day

General Discussion / Re: How much is a new user worth?
« on: October 03, 2014, 08:44:40 pm »
If your worried about dilution, why not just buy bitUSD or bitGLD before the dilution and wait to see if the marketing campaign is on track to being successfull?  Worst comes to worst and the campaign destroys bitsharesX, at least you didn't lose any money... Granted there is enough liquidity that you can get out.

General Discussion / Potential Legal Issues Trading bitGLD, BitWTI...
« on: October 01, 2014, 02:08:26 pm »
Hello, I'm fairly new to bitshares but i'm wondering if anyone has looked into trading bitgld and bitwti as a US Citizen.

I believe according to the Dodd-Frank law US citizens that are retail traders are unable to trade Gold or Crude oil.  Institutional traders and most international citizens do have that ability though.

Is bitsharesX a way to circumvent this rule?  Could the US government possibly step in and try to regulate this?

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