I hope new bts will rise 200% after 11.05

[donkeypong]

The date to look forward to if you're a long term holder is 08-01-2016. After that date you can expect Bitshares to reach a market cap in the billions if everyone in the community keeps working hard.

There is something very special about this date. The Bitshares developers know what happens on this date and it can be planned for.

I'll take a guess. The date the fat lady sings?

PoW may well be dead before then. And with the benefits of BitShares and the pace that crypto moves, I think this could get entrenched well before two years' time. But here's a clock in case anyone needs one: http://bitcoinclock.com/

[jsidhu]

Delegate system is a win for long term valuation.. right now some ppl panic sold BTC to get back into fiat mostly USD... and thus price is falling on every coin.. however I believe a bottom is now in and currently being formed so it may be a good idea to start building long positions in an aggressive manor... the people who panic sold will be back and buy higher.. especially after nov 5th... everything seems to line up for another ATH if all goes to plan.

I agree, bitcoin was taking down every altcoin with it, and we were getting doubly hit by that as well as the uncertainty surrounding bitshares lately.


Bitcoin just started to rally in the past hour, and BTSX is recovering as well.  Hopefully the worst of this is now behind us and we will start to rise now.

Yup I called the bottom so hopefully you didnt sell... I think we head up to around $500 on btc and time will tell on how bts will react.. if we make new highs on bts then we are good... depends on how charts look as btc rises... if bts has a hardt ime rising vs btc then the market is saying we don't have our game straight yet.. need more technology or better marketing etc etc.. but I believe panic sellers personally just gave up similar to speculators giving up during the times when bitcoin crashed down to $3 or $50 after new ATH's.

[Ander]

How does delegate system allow funding development/marketing?

Voters can elect paid delegates who will receive bitshares each block, and can then use them to fund development, fund marketing campaigns, etc.

This was one of the main new things in the changes to Bitshares.

[hughmanwho]

It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

Wow, you managed to say, all in one post:
NXT > BTSX.
Nubits > bitUSD.
And that our price rise was people fantasizing about an overstock partnership.


The absolute worst thing about this price drop is having to watch people be able to make all these bullshit statements in one post, and have it seem like they might actually be right because BTSX is getting destroyed.

I think it's amazing that our competitors are completely oblivious to the fact that our advantage is clearly the delegate system and the way it allows us to fund development/marketing directly.

Overstock, bitUSD or other stuff is completely irrelevant in the face of a blockchain that is incentivized to pay for its own upgrades. It's like the economic version of the much anticipated AI singularity.

As long as they focus on the individual features (which are currently still pretty great, even compared to NXT and nubits), and not the actual reason for these features (and their future improvements which is the real killer), they are not even really competing with us.

How does delegate system allow funding development/marketing?

[luckybit]

There have been rumours that a single big seller (with 700+BTC) was suppressing the price for weeks.  It seemed like he stopped, maybe he started again.  With such as small market it can just be caused by 1 person or a few people.  Doesn't change the value proposition.  That and bitcoin going down doesn't help.  2015 will be the year of bitshares.

The date to look forward to if you're a long term holder is 08-01-2016. After that date you can expect Bitshares to reach a market cap in the billions if everyone in the community keeps working hard.

There is something very special about this date. The Bitshares developers know what happens on this date and it can be planned for.

[Ander]

Delegate system is a win for long term valuation.. right now some ppl panic sold BTC to get back into fiat mostly USD... and thus price is falling on every coin.. however I believe a bottom is now in and currently being formed so it may be a good idea to start building long positions in an aggressive manor... the people who panic sold will be back and buy higher.. especially after nov 5th... everything seems to line up for another ATH if all goes to plan.

I agree, bitcoin was taking down every altcoin with it, and we were getting doubly hit by that as well as the uncertainty surrounding bitshares lately.


Bitcoin just started to rally in the past hour, and BTSX is recovering as well.  Hopefully the worst of this is now behind us and we will start to rise now.

[liondani]

What makes me sad is actually not the price itself, I don't care about it, but rather all the people that have this game-changing technology in front of their eyes and still don't see it. I thought once we had a working peg people would understand the potential, but apparently I am mistaken about that. It is going to be way more difficult to get a wide user base than I originally expected.

On the other hand I am glad about every BTSX that is in the hands of a true believer. So happy buying. 

People are not going to see the potential until we SHOW them the potential and create buzz around the product to get attention.  Marketing overdue......tic toc.   And it's not about getting a stable product first.  The marketing can be just to create buzz.  as movies done with trailers before the move is out (ready).  Use Nubits as an example.  They played their novelty momentum pretty well, creating buzz/mystery and using the count down clock. I understand they got a lot of business out of it.  We need to be more sophisticated on the marketing front.  End of story.

 

[James212]

What makes me sad is actually not the price itself, I don't care about it, but rather all the people that have this game-changing technology in front of their eyes and still don't see it. I thought once we had a working peg people would understand the potential, but apparently I am mistaken about that. It is going to be way more difficult to get a wide user base than I originally expected.

On the other hand I am glad about every BTSX that is in the hands of a true believer. So happy buying. 

People are not going to see the potential until we SHOW them the potential and create buzz around the product to get attention.  Marketing overdue......tic toc.   And it's not about getting a stable product first.  The marketing can be just to create buzz.  as movies done with trailers before the move is out (ready).  Use Nubits as an example.  They played their novelty momentum pretty well, creating buzz/mystery and using the count down clock. I understand they got a lot of business out of it.  We need to be more sophisticated on the marketing front.  End of story. 

[jsidhu]

Delegate system is a win for long term valuation.. right now some ppl panic sold BTC to get back into fiat mostly USD... and thus price is falling on every coin.. however I believe a bottom is now in and currently being formed so it may be a good idea to start building long positions in an aggressive manor... the people who panic sold will be back and buy higher.. especially after nov 5th... everything seems to line up for another ATH if all goes to plan.

[Rune]

It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

Wow, you managed to say, all in one post:
NXT > BTSX.
Nubits > bitUSD.
And that our price rise was people fantasizing about an overstock partnership.


The absolute worst thing about this price drop is having to watch people be able to make all these bullshit statements in one post, and have it seem like they might actually be right because BTSX is getting destroyed.

I think it's amazing that our competitors are completely oblivious to the fact that our advantage is clearly the delegate system and the way it allows us to fund development/marketing directly.

Overstock, bitUSD or other stuff is completely irrelevant in the face of a blockchain that is incentivized to pay for its own upgrades. It's like the economic version of the much anticipated AI singularity.

As long as they focus on the individual features (which are currently still pretty great, even compared to NXT and nubits), and not the actual reason for these features (and their future improvements which is the real killer), they are not even really competing with us.

[speedy]

I aint selling.

[Ander]

It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

Wow, you managed to say, all in one post:
NXT > BTSX.
Nubits > bitUSD.
And that our price rise was people fantasizing about an overstock partnership.


The absolute worst thing about this price drop is having to watch people be able to make all these bullshit statements in one post, and have it seem like they might actually be right because BTSX is getting destroyed.

[jsidhu]

It's the bubble popping..  look through my posts, I predicted this a month or two ago.

A bunch of people rushed in, all not wanting to miss out on the next big thing and they worried that BTSX would go higher than Ripple and they panic bought..  only now everyone who wanted it has already put as much as they could afford to risk in.. while the sellers still want to sell and the price is crashing.  It's unfortunate that there is so much panic buying in crypto.. because it always leads to crashes.

It's going to be continuing down for a week or two, then I'll pick some up as planned.  It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

You seem to not understand the fact that its been coming down for a few months now... we could have hit bottom today.

[nomoreheroes7]

It's the bubble popping..  look through my posts, I predicted this a month or two ago.

A bunch of people rushed in, all not wanting to miss out on the next big thing and they worried that BTSX would go higher than Ripple and they panic bought..  only now everyone who wanted it has already put as much as they could afford to risk in.. while the sellers still want to sell and the price is crashing.  It's unfortunate that there is so much panic buying in crypto.. because it always leads to crashes.

It's going to be continuing down for a week or two, then I'll pick some up as planned.  It's still got good long term potential.  Not as much as Nxt but it's always a great idea to diversify.

Also, keep in mind that the reason for the spike was largely because people thought Overstock might go with BTSX.. which is clearly not happening anymore.  Also the other big thing BTSX had going for it was BitUSD.. but clearly NuBits is maintaining a much more stable price, while BitUSD has been a little bit weak.

lol. The funny part is that you actually seem to believe yourself. Come back in December; we'll be happy to discuss your bubble theories at that time. Good luck with nxt.

[ReWeR]

After the 5th holding BTS is more valuable then holding BTSX before (Think all agree?). All the recent news is GOOD news, especially for BTSX holders. How can the price dropped so hard instead of rising?

I don't think the price drop is because people have lost faith in I3 or feel that the airdrop wasen't fair. Some people sure, but not this scale.

My view on the cause of the drop:

Nearly all the trade is CNY/BTSX.
Have the chinese misinterpret the news? And now there is alot of FUD in the chinese community?
or
There is somone manipulating the price? A few milion BTSX and you can easily get the price down -10%
The volume is so low.

People are cashing out right before takeoff, this don't make sense...
Or people are just selling the news? haha