Author Topic: why price BTS drop so much ,what is wrong  (Read 3401 times)

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Offline hpenvy2

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Re: why price BTS drop so much ,what is wrong
« Reply #15 on: January 13, 2015, 10:22:38 am »
Not enough good news, all the progress is invisible to anyone who doesn't look at github.

Even I read the github everyday, I still confused about the developing progress.
Not offensive, I am not a programmer, just a normal investor and I had faith on BTS.

I remembered in the last year, version"0.4.9" is planned to release nearby Christmas.
BM said it's not “passive estimation” , it's a "conservative estimation"  and "very close to 1.0".

After the "fork issue" happened, the release date is rearranged to 11th,February.

Postpone is quite normal for 3I. I really really want to know a precise date for 1.0 released.
this  +5% +5% +5%
I am very frustrated..
the version number is ARBITRARY .. and with voting for hard forks to upgrade the blockchain the number 1.0 tells you nothing ..
what counts is that the wallet is heavily under developed and lot's of bugs get squeezed everyday with plenty of nice features coming in ..

I give you a hint of what I mean exactly:
1) open up the client
2) go to console
3) type "help" and hit enter
4) read through ALL the commands there already are ..
6) no figure that: 4 months back there have been like 20 commands only

history of the wallet commands: https://github.com/BitShares/bitshares/commits/master/libraries/api/wallet_api.json

Nailed it.

Offline svk

Re: why price BTS drop so much ,what is wrong
« Reply #16 on: January 13, 2015, 10:30:00 am »
It's dropping because Bitcoin is dropping basically, the price of BTS relative to Bitcoin has been impressively stable for over two months now, hovering around 0.0005 ever since the burst of the initial bubble.

While I hope it's not really the case, Bitcoin seems to be going the way of Litecoin... A slow and steady fall as its limitations are becoming more apparent, mining is running into problems and the constant sell pressure from miners and merchants both put continous downward pressure on the price.
Worker: dev.bitsharesblocks

Offline xiahui135

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why price BTS drop so much ,what is wrong
« Reply #17 on: January 13, 2015, 10:33:16 am »
Not enough good news, all the progress is invisible to anyone who doesn't look at github.
News will affect the short price. The long term price will be determined by  service we provide to users. Only we add value to users, we get value.
We are not creating value for users yet.

Offline kripeecakes

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Re: why price BTS drop so much ,what is wrong
« Reply #18 on: January 13, 2015, 06:08:10 pm »
Just gonna have to take the long view. Other than Ethereum, I can see not much else to hold other than BTS.

Offline Shentist

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Re: why price BTS drop so much ,what is wrong
« Reply #19 on: January 13, 2015, 06:25:35 pm »
we have this threads only on a downtrend and never on a uptrend

why is BTS rising like hell????

- cryptomarket is in a bearmarket for many month, and will only start with a bigger audience.
- just wait for the next crisis and we have to be ready with fiat onramp and easy to use wallets

Offline teenagecheese

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Re: why price BTS drop so much ,what is wrong
« Reply #20 on: January 15, 2015, 03:50:32 am »
I think it is because:
1.  BTC crash
2. The product of bts is not usable. Few fresh join and some people is leaving .

I think both of your points are exactly correct.

Offline anycoin

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Re: why price BTS drop so much ,what is wrong
« Reply #21 on: January 20, 2015, 03:31:19 am »
I dont know about bts prior to now, but when btc drops so does all others....crypto market is "pegged" to btc in general. There is a competitor that I think has a chance(this is going to draw fire....please be kind...no head shots)
paycoin which the btc purists are fighting tooth and nail stands a chance if implemented as its plan states. Good business plan, some execution slowdowns and lots of resistance. I would personally like to see a xpy to bts pair
on a market. We are only paired to bitcoin and need multiple pairings....xpy/ litecoin/ripple/usd.  Maybe I am wrong....I have been at this only about one year, but it seems to me that as long as we are only paired to btc that we
are going to suffer when btc does.  On the bright side btc will come back and  those that are not afraid will make money(opinion only).

Offline pyhta4og

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Re: why price BTS drop so much ,what is wrong
« Reply #22 on: January 26, 2015, 12:34:07 pm »
+1 for BITLTC and BITXRP assets

Also BITUSD Ripple gateway is a good thing to exchange fiat & bitshares directly

As for usability, I wonder if Electrum-like client will be available for BTSX. It's really a pain to run full client.

Offline islandking

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Re: why price BTS drop so much ,what is wrong
« Reply #23 on: January 26, 2015, 01:23:27 pm »
Investors seem to be losing confidence in BTS.
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline D4vegee

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Re: why price BTS drop so much ,what is wrong
« Reply #24 on: January 26, 2015, 01:32:30 pm »
Investors seem to be losing confidence in BTS.

more fool them

Offline liondani

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Re: why price BTS drop so much ,what is wrong
« Reply #25 on: January 26, 2015, 01:36:59 pm »
I dont know about bts prior to now, but when btc drops so does all others....crypto market is "pegged" to btc in general. There is a competitor that I think has a chance(this is going to draw fire....please be kind...no head shots)
paycoin which the btc purists are fighting tooth and nail stands a chance if implemented as its plan states. Good business plan, some execution slowdowns and lots of resistance. I would personally like to see a xpy to bts pair
on a market. We are only paired to bitcoin and need multiple pairings....xpy/ litecoin/ripple/usd.  Maybe I am wrong....I have been at this only about one year, but it seems to me that as long as we are only paired to btc that we
are going to suffer when btc does.  On the bright side btc will come back and  those that are not afraid will make money(opinion only).
hope you have not purchased paycoins at $15...  I would not be so optimistic ...

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Offline bitmarley

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Re: why price BTS drop so much ,what is wrong
« Reply #26 on: January 26, 2015, 10:47:26 pm »
Because bitshares is new the bid/ask pools at any moment are rather fixed/illiquid. So when then the price of interface currencies like BTC or USD move suddenly like BTC from 230 to 315 suddenly less BTC is required to buy the same amount of BTS and so the bid side weakens.

If significant new interface currency is allocated into the bitshares bid/ask pools because of bright future and good news then that should readjust the BTS price as the bid side gets more liquidity again. So current prices could represent a good discount. Otherwise if the market doesn't see a good future for bitshares then the BTS price will eventually fade toward zero.   

Offline super3

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Re: why price BTS drop so much ,what is wrong
« Reply #27 on: January 26, 2015, 11:25:12 pm »
Quote
3.BM began to write blog
BM taking poorly about projects that I support made me dump a bunch.

Now that BitShares is launched a lot of the hype is gone. Maybe need something else to look forward too?