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General Discussion / Re: Why PTS are going down?
« on: January 19, 2014, 02:05:04 am »Right, that would be soooo profitable to be able do so. Shorting most of the altcoin market would be like printing money.Interestingly enough, before AGS released, PTS alone (34m$ of value) was 10% of BTS and now AGS+PTS (34m$ of value) is 100% of BTS.
That means people's target is a number of tokens rather than a percentage of the total tokens supply. We can infer that it's because the market is not really sure if Bitshares will work + irrationality + some overvaluation of BTS before AGS which play the role of a catalyst for a reality check.
It also shows you that the so-called market cap of all the other coins is exaggerated by the lack of an ability to short while the 'early adopters' hold most supply off the market. Put a steady sell pressure of $100K per day on these other coins and watch the price fall.
It is a bit ridiculous but at the rate BTS is being developed AGS and PTS holders will be in great shape.