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Messages - bitmeat

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1
General Discussion / Re: Bitshares price discussion
« on: April 26, 2016, 05:55:19 am »
Nothing wrong with 200 satoshi per BTS. Somehow people are not using BitUSD. Go figure.


2
General Discussion / Re: Ethereum price discussion
« on: April 26, 2016, 01:56:36 am »
sorry for the noob question...

what is DCA and MVP?

I believe:

DCA = Dollar Cost Averaging (investment strategy - look it up)

and

MVP = Minimum Viable Product

3
General Discussion / Re: Bitshares price discussion
« on: April 25, 2016, 07:26:05 pm »
What is this merger I keep hearing about?

4
General Discussion / Re: Bitshares price discussion
« on: March 14, 2016, 09:06:58 am »
http://www.hitfin.com/ - Financial derivatives running on Ethereum network.

BTS will face a lot of competition like that.

5
General Discussion / Re: Bitshares price discussion
« on: March 10, 2016, 06:46:48 pm »
money for development is good.
boy I hope BM did not sell in the hours after he moved his funds to polo...would be sad. kind of like our favorite 500 sat whale.

They could be the same person...

6
General Discussion / Re: Bitshares price discussion
« on: March 10, 2016, 04:14:24 am »
I think this could setup for a nice FOMO. BTS is the only one that didn't get any love.

7
General Discussion / Re: Bitshares price discussion
« on: March 05, 2016, 10:04:03 pm »
It's amazing that BTS barely got any inflow of capital in this uber bullish alt market.

8
Technical Support / Re: Discussion of a CFD market on Bitshares
« on: January 23, 2016, 02:02:12 am »
It would be nice to have market orders. where it always settles at the feed price.

So you may have more pending buyers or more pending sellers, depending on demand / supply. But it would make it fair for someone who wants to move bigger amounts.

Say someone wants to buy 1M BitUSD, they could put in their order and wait for it to fill at reasonable prices, even if it takes days/weeks, instead of spiking the low liquidity in one go.

9
General Discussion / Re: I just sold all my Bitshares!
« on: January 17, 2016, 05:18:06 pm »
So why don't people just buy bitUSD on the DEX if they want BTS to go up but are afraid of losing money (denominated in FIAT)? Then they could easily convert back if it starts to look promising.

I personally would not do that, because there is no liquidity in BitUSD.

10
For starters, you need to define the protocol and document it in details. Not just have a reference client code, but actual protocol packet by packet definition.

11
Why would they do any "fancy" news?

I'd expect they'll just go back to the original proposal, since it was never truly delivered: "A toolkit to build DACs". Oh, wait. Ethereum already did.

But BTS can do it better, right? I mean 100K TPS and what not.

Yes, you can probably sense the sarcasm, but I must say also that I think the devs truly want things to work. It just always takes A LOT longer to deliver. That's the nature of software everywhere. I wonder if they said it would take 10 years, whether participation in the crowdfunding would have been drastically different.

12
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 04:56:24 am »
Account bts-qq123-bts just claimed over 56 million BTS from balances an hour ago and is selling it through Blocktrades. 
That must be Dan's first Chinese backer of Innvictus. I forget his name.
Or somebody needing to cover big losses on the Shanghai exchange with the two limit downs this week.

Bo Shen?

13
General Discussion / Re: Bitshares price discussion
« on: January 07, 2016, 04:11:33 am »
200 is next.

14
General Discussion / Re: Bitshares price discussion
« on: November 27, 2015, 02:48:35 am »
going down again..
soon we will see 100sato

Let's assume for a moment that the price doesn't matter. If there are no buyers and the total supply is some 50BTC, that means all that BitUSD could never really be converted back to USD. Which in turn means the confidence in BitUSD will go out the window.

I say the price doesn't matter, but liquidity does. My question is, is there a price at which there will be a buyer for each BTS being offered? No matter how low that is.

15
General Discussion / Re: Bitshares price discussion
« on: November 20, 2015, 06:39:34 am »
Price is irrelevant if there is no liquidity and volume. Right now if someone wanted to cash out a lot of BitUSD, they'd have to convert it to BTS, then BTC, then real USD. There's barely 100BTC on the buy side on Polo (haven't checked BTC38, but I doubt it's that different).

Whoever wanted to buy "cheap" has already bought. There's just no support in sight, all the hype is gone. It's just this community playing musical chairs until some serious (and successful) marketing effort is made.

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