INVESTORS: You might wanna get in to BitShares and QUICK

[mdj]

I'll buy a new puter once the BTS price hits 3 cents.
Oh yeah, and more flowers for my incredibly patient wifey.

if*
Sounds like you've gone in quite deep... Bitshares is promising but it's never a guaranteed thing.

[mdj]

It's been a while I've seen bullish/pumping posts around here, we've been in a down trend for what,  6 months now? Since the merger announcement I guess. We were at around 0.03$/BTS before the downtrend started, now at around 0.0065$/BTS. Almost an 80% decline in value since then. Maybe it was overpriced in October, but it's definitely underpriced right now.

It's not underpriced. It's where it belongs right now.

Until it's easier to use the internal exchange, it's going to stay like this. No one is using the internal exchange. You're not using the internal exchange to exchange BitUSD:BitBTC and neither is anyone so that is why the price is where it is.

Moonstone.io could help.

I've started trading on it a lot. The low liquidity is annoying because sometime it takes hours/days for my positions to get filled but when more people come to the light it'll only improve. I don't use any altcoin exchanges now, I just use metaexchange or block trades to transfer in.

[Tuck Fheman]

When 0.9.0 is out, I will install it on Linux, wait till about 2300

lel

[gamey]

So Ken, you fixed your wallet issues I guess? 

Sadly, no, but that's because my computer is on its last leg. It overheats when trying to sync the blockchain.
I've bought BTS via MetaExchange that I haven't even verified yet in the wallet itself.
When 0.9.0 is out, I will install it on Linux, wait till about 2300 and take the laptop outside where it gets cold as hell at night and let it sync up out there. It takes like 3 hours. It'll work, it's just a pain in the arse tho.
 
I'll buy a new puter once the BTS price hits 3 cents.
Oh yeah, and more flowers for my incredibly patient wifey.

100% true the 64bit dogecoin wallet turns off my desktop.  No events explain or warn.  thought I had a hardware problem and I was quite bummed but then realized it only happens when I run the Doge wallet. so if that makes anyone feel better about the Bitshares wallet then I have done my part. And no I'm not investing in doge.

[kenCode]

So Ken, you fixed your wallet issues I guess? 

Sadly, no, but that's because my computer is on its last leg. It overheats when trying to sync the blockchain.
I've bought BTS via MetaExchange that I haven't even verified yet in the wallet itself.
When 0.9.0 is out, I will install it on Linux, wait till about 2300 and take the laptop outside where it gets cold as hell at night and let it sync up out there. It takes like 3 hours. It'll work, it's just a pain in the arse tho.
 
I'll buy a new puter once the BTS price hits 3 cents.
Oh yeah, and more flowers for my incredibly patient wifey.

[fuzzy]

It's been a while I've seen bullish/pumping posts around here, we've been in a down trend for what,  6 months now? Since the merger announcement I guess. We were at around 0.03$/BTS before the downtrend started, now at around 0.0065$/BTS. Almost an 80% decline in value since then. Maybe it was overpriced in October, but it's definitely underpriced right now.

It's not underpriced. It's where it belongs right now.

Until it's easier to use the internal exchange, it's going to stay like this. No one is using the internal exchange. You're not using the internal exchange to exchange BitUSD:BitBTC and neither is anyone so that is why the price is where it is.

Moonstone.io could help.

this^^

[Tuck Fheman]

Not enough people are using the internal exchange.

ftfy

[bitmeat]

I think its now significantly underpriced now.  Unless bitcoin is headed for $100.

That's not entirely out of question. No matter how good BTC may be for remittance in various countries, it is only used temporary. i.e. user A wants to send to user B in another country. User A buys BTC with USD/etc, sends it to B, then user B sells the BTC for USD. So this lasts less than a day, but surely no longer than 3 days. So even if $400B is sent per year, that's like a bit over $1B. In other words, Bitcoin could drop to $100 and still cover all the demand with respect to remittance. Of course there are other use cases, but those are likely to take many years to materialize, and by then something could replace BTC.

[Ander]

It's been a while I've seen bullish/pumping posts around here, we've been in a down trend for what,  6 months now? Since the merger announcement I guess. We were at around 0.03$/BTS before the downtrend started, now at around 0.0065$/BTS. Almost an 80% decline in value since then. Maybe it was overpriced in October, but it's definitely underpriced right now.

It's not underpriced. It's where it belongs right now.

I think its now significantly underpriced now.  Unless bitcoin is headed for $100.

[Ander]

Congratulations, KenCode, you've single-handedly crashed the Ripple markets. Using one-year old news articles that seemed oddly familiar to me from when Ripple really did crash last year. I think this thread is pretty funny. But I agree with every word you wrote about being bullish on BitShares -- there's lots to love here and plenty to look forward to in the coming weeks.

No, he didnt crash ripple, and ripple is only down like 2% since he posted the old article.

[luckybit]

everything looking neat

the way i see it is things are gonna get real interesting if we stabilize 10x from here

making 10x our investments is "pretty cool"

the effects on the ecosystem would be "completely awesome"

What about margin trading? Does Bitshares support that yet? or loans?

[luckybit]

It's been a while I've seen bullish/pumping posts around here, we've been in a down trend for what,  6 months now? Since the merger announcement I guess. We were at around 0.03$/BTS before the downtrend started, now at around 0.0065$/BTS. Almost an 80% decline in value since then. Maybe it was overpriced in October, but it's definitely underpriced right now.

It's not underpriced. It's where it belongs right now.

Until it's easier to use the internal exchange, it's going to stay like this. No one is using the internal exchange. You're not using the internal exchange to exchange BitUSD:BitBTC and neither is anyone so that is why the price is where it is.

Moonstone.io could help.

[donkeypong]

Congratulations, KenCode, you've single-handedly crashed the Ripple markets. Using one-year old news articles that seemed oddly familiar to me from when Ripple really did crash last year. I think this thread is pretty funny. But I agree with every word you wrote about being bullish on BitShares -- there's lots to love here and plenty to look forward to in the coming weeks.

[bluebit]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

If ByteMaster would code more than writing all those articles the price wouldn't be so low, I'm glad I left Bitshares and went into Dash, I made almost all my money back that I lost from the Bitshares price drop by moving to a developer that works harder than anyone I know. I invest in active developers, not in college students that lean back hoping that people give them cash for their wallet that isn't the best. If you want Bitshares to succeed create a better product, where are the on-ramps? Not seeing much progress that was promised.

So, tell me, why are you posting here instead of on the Dash forum?

Because I still believe Bitshare can be a great product, but it's has very poor management and the devs are slow compared to the competition.

Real innovation is much harder and thus time consuming bluebit. Are u blue meanie on twitter by chance?  "Dash" is POW and it's lies (aka "instant transactions" that actually take 20 seconds+) have been spread far and wide by the cult of pow miners who enjoy the media infrastructure in place from bitcoin.  All I'm reading here is FUD.

No I'm not blue meanie. Also, I'm not here to bash Bitshares or other coins, only here to point the poor management and slow development. And "real innovation" still does not explain the gui issues and bugs in the wallet, Bitshares already has enough innovation, it just needs to step on peddle instead being stuck in first gear. I put a lot of money into Bitshares, and I'm glad I left for now, once I see a better wallet, devs actually completing goals instead of lagging behind, then I'd be happy to invest. I see devs spending money with work that isn't paying off vs the competition and the market cap is showing that. And for those that bash on other coins, what good will that do for Bitshares? Nothing. Remember we are all here to help each other, not to spread negativity or hate.

[Tuck Fheman]

I wonder if it would be feasible to start a distributed fund where people buy your UIA and you invest for them?

so, become jl777?

[jsidhu]

Luckybit looking like a genius so far

[Tuck Fheman]

Are u blue meanie on twitter by chance?

I seriously doubt that.

Because I still believe Bitshare can be a great product

Yeah, not the same person.

If it is, they're playing games.

[fuzzy]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

If ByteMaster would code more than writing all those articles the price wouldn't be so low, I'm glad I left Bitshares and went into Dash, I made almost all my money back that I lost from the Bitshares price drop by moving to a developer that works harder than anyone I know. I invest in active developers, not in college students that lean back hoping that people give them cash for their wallet that isn't the best. If you want Bitshares to succeed create a better product, where are the on-ramps? Not seeing much progress that was promised.

So, tell me, why are you posting here instead of on the Dash forum?

Because I still believe Bitshare can be a great product, but it's has very poor management and the devs are slow compared to the competition.

Real innovation is much harder and thus time consuming bluebit. Are u blue meanie on twitter by chance?  "Dash" is POW and it's lies (aka "instant transactions" that actually take 20 seconds+) have been spread far and wide by the cult of pow miners who enjoy the media infrastructure in place from bitcoin.  All I'm reading here is FUD.

[bluebit]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

If ByteMaster would code more than writing all those articles the price wouldn't be so low, I'm glad I left Bitshares and went into Dash, I made almost all my money back that I lost from the Bitshares price drop by moving to a developer that works harder than anyone I know. I invest in active developers, not in college students that lean back hoping that people give them cash for their wallet that isn't the best. If you want Bitshares to succeed create a better product, where are the on-ramps? Not seeing much progress that was promised.

So, tell me, why are you posting here instead of on the Dash forum?

Because I still believe Bitshare can be a great product, but it's has very poor management and the devs are slow compared to the competition.

[Tuck Fheman]

If ByteMaster would code more than writing all those articles the price wouldn't be so low

[Stan]

Not that I really mind quoting myself all that much...

There are many factors that affect price in the young and often illiquid crypto markets.  These include deliberate disinformation, rumors, speculation, outright manipulation and inexperienced investors making superficial decisions to buy and sell at all the wrong times based on what they see the herd doing.

This is all fine, but if you are investing, not gambling, then you will be most successful if you do your homework and thoroughly understand the leadership, developers, technology, businesses, and supporting community behind each investment.

Predicting where a rocket will be at sometime in the future does not have much to do with its current position.  The more derivatives you look at (velocity, acceleration, etc.) and the better understanding of outside forces (like thrust and drag and gravity and bugs on the windshield) you have, the better your prediction will be.

Market cap = position which is a imperfect lagging indicator reflecting what real and imaginary forces have acted on an asset in the past.  There is no substitute for doing your homework to understanding the forces that are currently acting on the asset you are considering.

Most amateur FUD is just bugs on the windshield.

Knowledge and understanding are the ultimate proof of work.

[Tuck Fheman]

So Ken, you fixed your wallet issues I guess? 

[onceuponatime]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

If ByteMaster would code more than writing all those articles the price wouldn't be so low, I'm glad I left Bitshares and went into Dash, I made almost all my money back that I lost from the Bitshares price drop by moving to a developer that works harder than anyone I know. I invest in active developers, not in college students that lean back hoping that people give them cash for their wallet that isn't the best. If you want Bitshares to succeed create a better product, where are the on-ramps? Not seeing much progress that was promised.

So, tell me, why are you posting here instead of on the Dash forum?

[bluebit]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

If ByteMaster would code more than writing all those articles the price wouldn't be so low, I'm glad I left Bitshares and went into Dash, I made almost all my money back that I lost from the Bitshares price drop by moving to a developer that works harder than anyone I know. I invest in active developers, not in college students that lean back hoping that people give them cash for their wallet that isn't the best. If you want Bitshares to succeed create a better product, where are the on-ramps? Not seeing much progress that was promised.

[CLains]

everything looking neat

the way i see it is things are gonna get real interesting if we stabilize 10x from here

making 10x our investments is "pretty cool"

the effects on the ecosystem would be "completely awesome"

[fuzzy]

The coders here are absolute genius.
The professionalism in the community, the mumbles, bitshares tv, just the language used here in the forum is so refreshing.
I'm luvin it. ™

  well said. These are also the reasons that, regardless of the price or the market cap, keep me excited to no end about this project and why I'm here for the long haul, too

And your claims are backed by... "wishful thinking"? I would have to disagree on the quality of development. Toast is the only one on the Dev team I have really high respect for. Dan comes a close second, but I think his stubbornness has actually impacted the growth of this ecosystem negatively.

When the price is down, there are no interesting forum posts, or things seem a bit on the quiet side, I usually go to the github page and look at the source code and the discussion threads on the github issues, and I immediately regain all confidence in the project. As a c++ coder myself, I regard the BitShares source code as one of the highest quality I have seen in a c++ project. People shouldn't forget that it's been less than a year since BitShares was officially released, and even though some bugs still need to be ironed out, and some optimizations performed in order to provide a stunning user experience, the basic design is really strong and the one that makes most sense to me as of right now in the crypto scene.

All this^^

[wackou]

The coders here are absolute genius.
The professionalism in the community, the mumbles, bitshares tv, just the language used here in the forum is so refreshing.
I'm luvin it. ™

  well said. These are also the reasons that, regardless of the price or the market cap, keep me excited to no end about this project and why I'm here for the long haul, too

And your claims are backed by... "wishful thinking"? I would have to disagree on the quality of development. Toast is the only one on the Dev team I have really high respect for. Dan comes a close second, but I think his stubbornness has actually impacted the growth of this ecosystem negatively.

When the price is down, there are no interesting forum posts, or things seem a bit on the quiet side, I usually go to the github page and look at the source code and the discussion threads on the github issues, and I immediately regain all confidence in the project. As a c++ coder myself, I regard the BitShares source code as one of the highest quality I have seen in a c++ project. People shouldn't forget that it's been less than a year since BitShares was officially released, and even though some bugs still need to be ironed out, and some optimizations performed in order to provide a stunning user experience, the basic design is really strong and the one that makes most sense to me as of right now in the crypto scene.

Dude, I wish you good luck, but I've seen people with your level of enthusiasm when the price was almost 5 times the current level, and they are not happy campers now.

Just word of advice - don't go crazy all in, you may regret it more, than regretting not going all in.

As said, I'm more excited by the technology that I see being built under my eyes than the immediate profit I could have made by investing in a promising project. So even if the price goes down now, I still believe that if I am right about the project, it will eventually go up again because of its vastly superior technology (maybe a naive point of view, but I want to believe it). In any case, thanks for the advice, but as I should, I only invested as much as what I could afford to lose, so no worries there

[bitmeat]

The coders here are absolute genius.
The professionalism in the community, the mumbles, bitshares tv, just the language used here in the forum is so refreshing.
I'm luvin it. ™

  well said. These are also the reasons that, regardless of the price or the market cap, keep me excited to no end about this project and why I'm here for the long haul, too

And your claims are backed by... "wishful thinking"? I would have to disagree on the quality of development. Toast is the only one on the Dev team I have really high respect for. Dan comes a close second, but I think his stubbornness has actually impacted the growth of this ecosystem negatively.

Dude, I wish you good luck, but I've seen people with your level of enthusiasm when the price was almost 5 times the current level, and they are not happy campers now.

Just word of advice - don't go crazy all in, you may regret it more, than regretting not going all in.

[Troglodactyl]

... We should be triggering black swan events in devshares too to see how they're handled (seeing as that event could happen to any bts backed security in either direction).

Couldnt you set up a bitAsset in DevShares with a much lower collateral requirement so that this is guaranteed to be tested? Arhag made a number of sugestions around what to do in this situation.

For code testing, though not economic testing, it could also be interesting to create some DVS MPAs with oscillating feeds calculated as a function of the block number, like sin(blockNumber).001 or something.  This would let people play with the market engine and try to break things, but obviously since it's not a real MPA it would be useless for any sort of economic testing.

Would anyone actually use such a thing if it was available on DevShares?

[wackou]

The coders here are absolute genius.
The professionalism in the community, the mumbles, bitshares tv, just the language used here in the forum is so refreshing.
I'm luvin it. ™

  well said. These are also the reasons that, regardless of the price or the market cap, keep me excited to no end about this project and why I'm here for the long haul, too

[starspirit]

... We should be triggering black swan events in devshares too to see how they're handled (seeing as that event could happen to any bts backed security in either direction).

Couldnt you set up a bitAsset in DevShares with a much lower collateral requirement so that this is guaranteed to be tested? Arhag made a number of sugestions around what to do in this situation.

[mdj]

Let me ask you this. Has anyone tested doing 10M user accounts and 100M trades in DevShares? If not, why not?

What is the hard limit Bitshares can handle before it all falls apart?

How can you say this is the best investment without knowing the real limits of what you are investing in?!

I'd also like to know this. We should be triggering black swan events in devshares too to see how they're handled (seeing as that event could happen to any bts backed security in either direction). Yes I agree Bitshares is incredibly undervalued right now and it has huge potential but let's not rush to open the flood gates when there's work to be done or it will be short lived.

[bitmeat]

Let me ask you this. Has anyone tested doing 10M user accounts and 100M trades in DevShares? If not, why not?

What is the hard limit Bitshares can handle before it all falls apart?

How can you say this is the best investment without knowing the real limits of what you are investing in?!

[Ander]

The ripple chart looks exactly like one from a big company that slowly dies.

Careful, the Bitshares chart looks pretty much the same but the downtrend has gone on longer.


It is the nature of crypto to have pumps and 80%+ pullbacks.  Ripple wont die, but the bottom is still below the current price.

BTS looking decent, finally stopped going down, but now it needs to keep bouncing, not just rise a bit for a few days and then begin another move where it is down almost every single day for three straight weeks. 

[luckybit]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.

I wonder if it would be feasible to start a distributed fund where people buy your UIA and you invest for them?

[Akado]

Moonstone is scheduled for ~30 days after the crowdfund starts

[kenCode]

Check at the bottom of the article.
"Updated: May 24, 2014 at 9:29 am CET."
This article is almost 1 year old...

holy smokes, no kidding, nice find! why would they repost such an article like that? is the writer trying too kill them or is that Ripple's sneaky way of doing a pumpndump? er, dumpnpump?

[kenCode]

Ripple's management departed??

https://www.cryptocoinsnews.com/ripple-board-member-jesse-powell-resigns-wake-founder-sell/
As they sell off their stake, their market cap is dropping like a rock too.

Whether their market cap goes below BitShares or not is irrelevant to me anyways, I want to point out a few reasons why BitShares is underpriced, a good buy right NOW, and why BitShares can be bigger than Bitcoin in the long run (DPOS).
 
I'm in this for the long haul, either way.
The coders here are absolute genius.
The professionalism in the community, the mumbles, bitshares tv, just the language used here in the forum is so refreshing.
I'm luvin it. ™

[mf-tzo]

Ripple's management departed??

https://www.cryptocoinsnews.com/ripple-board-member-jesse-powell-resigns-wake-founder-sell/
As they sell off their stake, their market cap is dropping like a rock too.

Isn't this article from last year?

[Chuckone]

Ripple's management departed??

https://www.cryptocoinsnews.com/ripple-board-member-jesse-powell-resigns-wake-founder-sell/
As they sell off their stake, their market cap is dropping like a rock too.

Check at the bottom of the article.

"Updated: May 24, 2014 at 9:29 am CET."

This article is almost 1 year old...

[Chuckone]

It's been a while I've seen bullish/pumping posts around here, we've been in a down trend for what,  6 months now? Since the merger announcement I guess. We were at around 0.03$/BTS before the downtrend started, now at around 0.0065$/BTS. Almost an 80% decline in value since then. Maybe it was overpriced in October, but it's definitely underpriced right now.

[kenCode]

Ripple's management departed??

https://www.cryptocoinsnews.com/ripple-board-member-jesse-powell-resigns-wake-founder-sell/
As they sell off their stake, their market cap is dropping like a rock too.

[JA]

The ripple chart looks exactly like one from a big company that slowly dies.

[Chronos]

The is not General Discussion. It's "Trading Discussion" at best. 

[.yoshi]

Ripple's management departed??

[kenCode]

#1 The price is about to top Ripple:
http://coinmarketcap.com
Ripple's Management has departed as well.

#2
The Darkcoin/Dash pump is over.
 
#3
Good news everywhere; Moonstone, centralized Exchanges are being hacked every week, DPOS-powered PeerTracks will set the social sites on fire, ByteMaster (and others) are bringing in Partners, Let's Talk Bitcoin (the Bitcoins & Gravy show) is about to do a 30min interview with the "Peer to Peer 2015" roadcrew........ man, too much good news to ignore now.
 
$5, $10, $500, whatever you can afford.
Get in now.
This is the 1 investment in your lifetime that you'd better not miss.