I'll sell all mine for $15/ea.

I'm sorry you lost money, BTS-x and or potential gains, but it was pretty publicized when the snapshot was going to happen and for people to take all funds out of he exchanges. Multiple posts on the sub reddits and many posts here warned users of what they should do. I too don't have 100's of BTC to throw around at these speculative plays, so in that regard I feel you and hope you make money back elsewhere.

well, I didn't want to remove my PTS from the exchanges, I wanted to sell it.  I was thinking there might be a jump on the 28th, so I was holding most of mine still.  i was wrong and there wasn't a jump in price, but I still would have ended up selling at .023 or so on cryptsy.

the problem is that I transferred them to an exchange that locked its wallet over 12 hrs early.  i knew it was going to be locked (it said something in regard to that, no specific time).  I didn't expect it to be locked until, well, an hour or two before midnight GMT... hence, screwed. 

It's still locked now, & the price continues to drop.  I could have sold a couple days ago at .012.

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It'd be nice if someone clued them in as to wtf is actually going on.

Quote from: AdamBLevine on March 03, 2014, 05:44:36 am

Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

i stopped ming right after the snapshot. The diff increase the week before cut 2 grand on hardware in half. in 2 more weeks, it drops in half again. This will be impossible for anyone who doesn't have free power. PTS will die because of this massive diff increases. The snapshot and fork made things worse than they should have been. People were not anticipating the diff increase to be so severe. If 2600cpm gave you 1 pts a day a few weeks ago, diff increase the other week cut that that around .3 pts. Next diff increase puts you at .15. Fuck man, it is like they are trying to force people away from PTS. Which i guess makes sense but it wasn't something that was talked about. Now having all this PTS is purely a hope that BTS turns into something worthwhile, and essentially the massive price drop made all the work of mining completely worthless. If you can by a PTS share for 5-6 dollars on the 1st of march, you miss the very first fork but have BTS in everything else once you buy, you basically say "fuck you miners, you got us started and now we are ditching you." I am kind of irritated, i guess i should have been smart enough to understand that concept way before i started mining, but there were so many changes leading up the the snap shot it is just ridiculous. Now, everyone who didn't mine was able to buy massive stake in PTS to gain BTS for all the next DACs that come out. It is not like the bingo and music dacs are going to be something amazing and make any investment worth it.... It is a slap in the face, anyone who mined should have sold at $20, right when the snapshot was announced.

Well, yeah.   I had roughly 15 that I was able to sell on Cryptsy, but the other 80 got stuck on beedui.com when they decided to freeze the wallet at 20:00 local time, which I assume is because they had nfc as to when this was actually taking place, otherwise shutting off trading and withdrawing 15 hrs early makes no sense (err, well, unless you plan on taking everyone's stuff and closing the exchange).   I transferred them to beedui since there was a bid in place that was approx. 15% higher than what PTS was selling for on cryptsy.  By the time it got there (confirmations were slow), the bid was gone.  I decided to put an ask up and wait a bit and see if anyone would bite... after about an hr, I decided it was too risky to wait any longer and that's when I noticed that I could no longer withdraw my PTS.  LOL.

A lot of people here seem rather blasé about the whole situation.  Alas, I'm not loaded with money, so the $1,000 I lost actually has meaning.  There is no way in hell that those Bitshares are going to make up for what I lost... and I don't want to hear the crap about how "miners" should be informed.   The exchanges, including Cryptsy, didn't even know wtf was going on....... I wouldn't be surprised if the majority of the people on this forum didn't, either.  I was planning on selling on the 27th, but I figured there might be a last second rush on the 28th from the ignorant and/or uninformed, so I held longer.  However, I still would have sold at a minimum of .023 on Cryptsy, which is a hell of a lot better than .009 or whatever it's at now.

... and, pls, none of the BS about how PTS wasn't meant to be a currency or w/e.  I ran a PTS node for 5 months, I ran a memorycoin node for a couple months, I've been posting on these forums for months.  The indifference & cavalier attitudes on display here by the ""people in the know"" sure as hell doesn't inspire me going forward.  You bet as soon as I'm able to sell those PTS that I'll do so, even if they're at .005.

Quote from: Zeus on March 02, 2014, 10:35:39 pm

I don't want to complain about the huge price drop, since I am still a believer and support I3.

But... I am a long term investor and I am following from the beggining and I didn't see that happening...I thought that there would be some price stability in the price of PTS and not such a huge drop. If I3 knew that this was going to happen, for example if I3 sold PTS like crazy after the snapshot, I think that some advice or warning should have been sent to people who are following from the start in order to protect our shareholdings by selling also and then re-bying low now.

At this point I feel that even since I am here from the beggining I didn't make any profit and later investors coming in now have almost the same advantages as my self. Sure I will get XTS where others won't but with this drop in price I could have cashed some profits and then re-invest. Or do we expect the price to go even lower than that?

I believe that if I3 wants to keep the investors investing in them should send us some opinions, advices or signals of what they think is going to follow. An email like the nice reports that we receive from time to time would have been nice. Not everyone here read the reddit articles...

And I don't think that this would fall under inside information, but rather just an advice for the preservation of the purchase power of the initial investors. Every company sends reports to their clients and to their investors with opinions and advices. They ofcourse writte a disclaimer but they do send out warnings and reports. 

Anyway, I don't want to complain anymore..I should have known better and I should have probably foresee that this would happen...It is just ennoying and makes me think to be more carefull in the future. Every time that there is a new release and the snapshot is taken everyone is going to sell like crazy...This in my opinion creates an instability and uncertainty to people who want to be long term investors..

I appologise in advance if I offended anyone.This is not my intention.It is a free market and everyone is responsible for his actions!

If you held PTS or AGS on Feb 28th you made a huge gain when you consider the combined value of both BitShares PTS and BitShares X.  You still own the future of all Invictus potential in PTS/AGS and you have realized concrete proof of that potential in the release of your first tangible dividend with BitShares X.  But there's more: BitShares X has advanced one stage closer to reality.  Risk has been reduced which means its expected value has jumped.  Delivery of BitShares X increases the value of BitShares PTS because there is now a precedent and people can see how the whole ecosystem works.

We are working to optimize the long term value of this entire industry, not any one component.  If you want to speculate on near-term fluctuations, that is fine but we don't take actions to optimize short-term results. 

This advance-notice article was highlighted multiple times for multiple days here on the forum:

http://letstalkbitcoin.com/caution-watch-for-falling-pts/#.UxQIi_SwLCc

Our ability to publish this information in easily consumable form everywhere is a finite resource.  I wish we could reach out and explain it to each community member individually, but that is obviously not possible.   We rely on people to do their part - which is to keep up with what we release.

Those who put in the extra time to study what we were able to release were totally informed and profited greatly.

If proof of work mining is considered a fair way to distribute shares, then a simple 10 minutes a day using Google to mine available information is another reasonable way "earn" a piece of the gains.  Or simply reading all the posts by "Stan" would cause you to encounter every important needle in the haystack.  I don't write more per day than everyone should be able to read.

Knowledge and understanding is the ultimate proof of work.  Those who did this minimum amount of homework now have that knowledge and deserve their reward even more than those who let their computers do all the work in mining some altcoin du jour.

The information you need is there to be mined. 
The proof is that many people did achieve this level of understanding.

Oh, ffs, I knew exactly what was happening.  Many exchanges did not. 

Why don't you make an 'approved' list of exchanges, that are actually told exactly wtf is going on?  Cryptsy didn't even have a clue.

I was saying it's a good thing in the sense that invictus actually can't handle the attention they'd get from people who don't understand it. They should not even be collecting money IMO.

What are they supposed to do, not write any software until they sit down and explain how it works to 5% of the population? They said "here is what we are going to do, here is how you can give us money" and now there are demands for user-friendliness before anything is even ready.

In my case, it was the exchange that didn't understand it.   I'd consider that a fairly significant problem