bitshares doesn't participate in any of the bitcoin rallies, but falls when bitcoin sells off...

I'm sure there is someone here who can explain to me how bullish that is.

The answer of "The future of bitshares has never looked brighter!" is not valid anymore when describing the price of the bts token.... That saying has been regurgitated thousands of times and the price keeps falling.

Pumps keeping getting smaller...

Quote from: DestBest on December 26, 2016, 10:27:25 pm

Before investing in this, please be aware that:

It looks like a scam to me

WHO ARE YOU to make this statement   Have you any proof of it ??
If not , you better shut up !!

Or else what??  This is the internet and people can say what they want.

Why is cryptoceeds, which is suppose to represent 1 euro, Trading and $0.55?  The constant pumping of this coin and never ending delays resonate of a scam.

Quote from: lil_jay890 on December 21, 2016, 05:19:44 pm

Pretty much every UIA is falling, less peerplays.  It's early investors leaving the BTS ecosystem.   Each UIA has been some version of a pump and dump. Yes, the charts look like there is more activity, but it's just bots trading back and forth with each other.

This negativity is, quite frankly, unwarranted.

Let me ask you this.  Where do you think most of the volume comes from on the big centralized exchanges?  Not sure?...  Let me answer that for you: trading robots.  Increased bot activity is a *very* good thing for Bitshares.  (Even better for OBITS holders when the assets being traded are of the OPEN variety).  So kill the negative chatter dude.  Bitshares best days are still ahead of it.

Never said bot trading was a "bad" thing.  I said the increased activity, as can be seen by the cryptofresh charts, is mostly due to people running bots.  Most of these bots are the exact same and all they do is trade back and forth with each other.  It's not new money coming into bitshares...

In fact money is fleeing bitshares.  Market caps of the two biggest smart coins, bitUSD and bitCNY, have plummeted over the last couple months.  UIA's like solcerts, obits, icoo, compuceeds, and blockpay have also steadily declined.  Its people leaving the ecosystem.

"(Even better for OBITS holders when the assets being traded are of the OPEN variety)." - Go read the summary during the month blockpay was introduced.  There were no ico's for CCEDK to pump and they had to rely mainly on OPEN fees.  There were probably record transaction in OPEN.btc in order to get into the blockpay ipo.  Turns out that was one of the worst months ever for the Obits buyback.  It came straight from ronnies fingers that OPEN fees are not signifacant revenue generator.  This is when the downtrend in Obits started to pick up steam.  People know that CCEDK is going to run out of ico's to keep pushing out,  when that happens OPEN fee's are all that is left... and according to the CEO, that revenue is insignificant.

So take off the rose colored glasses *dude*.  Don't confuse being realistic with being negative.  "Bitshares best days are still ahead of it" has been said for the last 3 years.  It's been in a downtrend the entire time.

Quote from: ebit on December 20, 2016, 01:57:42 pm

I think is someone found your robot's trading strategy ,and create a sniper strategy to obtain your bts.

Everything is much simpler than this. Some guy created billions of worthless tokens out of his ass and dumped them on the market.

Well oldman will be really happy when, according to that mars resident compuceeds dude, "Compuceeds will go to $1 each!, Hugz!".

Sorry about your loss, oldman.  Trading bots are inherently dangerous.  Unless you know how they work or you were the creator, you won't know how they react to different market conditions.  Heck even if you are the creator you there's a good chance you blow up your account during some unforeseen market occurrence.  Unfortunately there is no "demo" trading for crypto bots.

Quote from: lil_jay890 on October 30, 2016, 01:32:57 pm

Sharedrops can have tax consequences that a buyback will avoid.

Plus maybe not all obits holders want bts or open.btc. Doing a buybacks is simpler and cleaner than sharedropping an entirely different investment on obits holders.

Usually I say damn the tax consequences but hokay well buyback won so status quo. Your point was not one I saw before the vote. Hopefully OpenLedger sees some good action this month. Reducing supply slowly will increase the price. It would be nice to see some more transparency on what % of their profits are used to buyback OBITS.

The quote I had earlier was before I realized that the sharedrop was going to exclude the large "Obits" and "CCEDKbts" accounts.  I originally planned on voting for the buyback, but then switched to the sharedrop.  But since the vote was never counted, I guess the point is moot...

Quote from: ccedk_pro on December 04, 2016, 11:07:54 am

The BuyBack today with the following burn of 46 497 OBITS executed. Congrats!

The link to burn soon to be.

90% OF AMOUNT FOR BUYBACK: 731 883 BTS

10% OF AMOUNT FOR BUYBACK:  0,3838 OPEN.BTC

...

What a mess (fraud?)?
Why purchase Obits/BTC transaction took place a few hours ago, rather than December 2?
You stole my potential income, and my time I spent waiting for redemption on December 2 !!!

Why December 2nd ransom Obits/BTS = 442 200 instead 731 883?

I demand:
1) urgently brought into line with the statement ransom Obits now!
2) from the next month to make binding SHAREDROPP BTC and BTS instead of false BURN!!!
3) stop selling Obits privately (outside blokchain).
It is possible that the results of the vote (sharedropp) were modified 2 day prior to the end completely the opposite (Burn) is due to such sales.

Actually,I think that sale of (especially private sale) by the issuer in private voting shares at the time of the vote - is nonsense!!!
Return sharedropp - it is the people's choice!

I urge support me in the comments if you agree with my point of view. (Or tell me where I'm wrong)

http://cryptofresh.com/b/11892855

Above is the link to the burn... it was on 12/2.

But your other questions are definitely valid...
Why was only 442200 BTS worth of Obits purchased?  That was only 24,431 Obits... Where did the other 20,000 Obits that were burned come from?

I agree that their should be a sharedrop... I even voted for it, and I'm a fairly large stakeholder, and it never recorded my vote.  Sharedropping is much more beneficial to the shareholders since the obits held by Openledger are excluded from the drop.

Unfortunately the support from Openledger is sketchy at best

OBITS website sold the asset also as a long-term investment:
"4. OBITS tokens can be traded and used as a speculative instrument or as means of profiting from a long-term cryptocurrency investment."

But in spite of the monthly buybacks, the price just keeps going down. 11 months ago, a 10k BTS investment in OBITS would yield about 408 OBITS. If those OBITS would be sold today, they'd be worth about 7500 BTS. In USD, that was an investment of 33.6 USD that is worth today 27.3 USD. Every time there is a buyback, there is an increase of price, but that seems to be only temporary, and does not translate to a real value increase of the token as time goes by. The long term chart is very clear, although right now it doesn't get displayed in the webpage (using Linux, either Firefox or Chromium).

I understand that as a speculative instrument, if you buy and sell every month you can set yourself for a nice profit, but as a hold and wait this buyback system seems to be a terrible idea.
What was the voting result after all - the final numbers are messed up - and what is going to happen in the future?

Every asset bought in the BTS ecosystem seems to constantly lose value... The assets are pumped hard when they are first introduced, and when those assets don't go to the moon immediately after launch, the early buyers dump.

Plus BTS is in a constant downtrend as well...