Coinmarketcap 8th place Bitshares 8,5m

[clayop]

We should know that the market is very thin and so extremely sensitive. Only with $15k, a guy can pump the price about 50%.

[fuzzy]

So much wasted time worrying about price.  The most amazing thing about cryptocurrency is that we can all put forth a little effort toward making BitShares a success...and that it adds tremendously. 

It is so easy to simply complain...but it gets us nowhere.  Instead of being upset about price...why don't we all just take a deep breath and realize that the dollar is dying and people are desperately looking for alternatives...

All we have to do is keep trucking and actually trying to bring value.  BM told me a long time ago to simply act, and to this day it has been the best advice I have ever received. 

[donkeypong]

Despite the crypto recession, the smart money keeps moving into this sphere. Goldman Sachs just dropped $50 million into Circle.

http://observer.com/2015/04/its-happening-goldman-sachs-just-dropped-50-million-into-a-bitcoin-startup/

[Stan]

This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.

How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...

Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...

If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"

I definitely know how you feel having literally bet the family farm on this project.  The current situation is certainly punishing the strongest bulls among us and I am grateful for every one of them.  But there is still a buyer for every seller.  My only point was that anyone who is buying now, with blood in the streets, understands the value proposition well enough to be considered smaaarter than the average bear.   

[fav]

At this point we should stop caring about the price.

  BitShares is one of the few currencies that's not meant for "daytraders" in my opinion.

We need an actual ecosystem, a reason for people to use BitUSD.

BitShares produce BitUSD base on the needs of day traders . Without day traders , there are no BitUSD .
Without day traders activating the market , price , etc.etc.  people won't expect profit , so they won't short either . No short , no BitUSD .

Unless there is an whole different system , day traders is really important (essential maybe) to the economy of BitUSD .

sorry if it was not clear - I was talking about pump&dumpers for bitshares

[inarizushi]

This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.

How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...

Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...

If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"

Same here. I'm actually closer to 90% loss, because I bought at the highest, believed in the bull threads all the way down, and kept shorting. It's crazy how many say they believe, but shorting is not for them. You can sustain the system ONLY by shorting. Of course you're at risk, especially if nobody else does, like what's happening now. As I see it, the crash is due mainly to shorters having to sell. Useless altcoins don't have such sell pressures.

The price matters a lot because bleeding all the shorters is CERTAINLY not a good idea. I would want to see the BTS whales giving strong signals by shorting near the price feed.

[lzr1900]

I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate.   Funding developers is not going to be a problem. 

In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.

Truth. 

The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.

Indeed.

Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down.  In fact, the shares at that point are not even tradable. 

It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs.  This is very cool.  And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology.  And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.


Even then, while the average person might be able to grasp a basic idea of what Bitocin means, that is, they can understand the short explanation or 'story' of bitcoin, understanding Bitshares is more difficult by an order of magnitude.  Without a finance/economics/trading background, you CANNOT understand it.  You will not have the slightest clue how bitAssets work, and about shorting and collateral and margin calls, or anything!  And so most people cannot distinguish between Bitshares and the tons of other crap out there.  The other coins all have nice one line summaries of their 'story', like "Darkcoin is anoynmous", or "Dogecoin is fun and has cute dog pictures".  And they understand those things.  But Bitshares is incomprehensible financial mumbo jumbo to them, and so all they see is that the price is going down, therefore it must suck. 


In a normal startup company.  The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down.  But in Bitshares thats what we have.  The current bear market is grinding out most of these people, and those that remain are either those who understand bitshares, or those who are very very stubborn.  (In investing, an average amount of stubbornness is terrible for your health!  It means you hold through the early declines but then sell late, near the bottom!  You need to either be quick to bail, or you need to hold through everything and come out the other side).

A brilliant analysis! 

This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.

Thus, our increased focus on reaching people who will use the products and services (entrepreneurs and consumers) rather than those who casually speculate on the underlying base asset will produce far less sensitivity to weak hands in the days ahead.

Did your mothers bitshares transfer to the weak hand?Did she satisfied with your investment in bitshares??I assume your mama's funds were 80-90%  gone form original.

[d3adh3ad]

In a normal startup company.  The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down.  But in Bitshares thats what we have. 

Seriously??  The western guys and especially Chinese forumers have been complaining the merger killer, the dilution killer, the constant 'flip-flop' decisions-on-impulse, the 'forever' buggy and unreliable wallet, the no-milestone-map ....  On the contrary, they know very well what is happening.

I was not referring to the forum participants here.  I am referring to the people who follow trollboxes on exchanges and just buy whatever is hot that people tell them to buy.  Those people dont understand bitshares at all, so they just sell when it goes back down.

I hope you are not suggesting that 99% of the current bts investors are in fact pure speculators behind the exchanges' trollboxes.  What happened to the ags&pts founding investors, the later investors and believers, holders in bts?  Are they gone?  We have a problem.

Not gone.


Sent from my iPad using Tapatalk

[lzr1900]

This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.

How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...

Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...

If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"

[kenCode]

Agreed, I only see BitShares growing, more wallets coming out and a lot of good news. Bitcoin and all the alts are down too, we're not alone.
I'm buying BTS as fast as I can afford it too, this is one investment in my life that I refuse to miss out on.
I'm translating all of Max's videos right now too, plus I am creating open source subtitles files that can be translated into any language.
https://bitsharestalk.org/index.php/topic,15840.0.html
If I get voted in as a Delegate and can go full-time, then I'll be able to push Max's videos and the Wikipedia page I'm working on and such to every country on earth...
https://docs.google.com/document/d/1vg-N7NbX5J5FC9EvxRqjoRqXyl9f2oNpQnphk1yW5Jw/edit
I'm watching our volume and new user count more than anything. Software just sits there if we don't get the word out.

Good job Ken. You have my vote

Thank you Mike

[CalabiYau]

I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate.   Funding developers is not going to be a problem. 

In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.

Truth. 

The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.

Indeed.

Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down.  In fact, the shares at that point are not even tradable. 

It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs.  This is very cool.  And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology.  And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.

........

I agree. It is a completely new phenomenon that through crypto everybody has the opportunity to act as vc`s.
But not everybody is aware of the cycles that every startup is going through. Beside the ones frustrated by the bumpy road caused by erratic management decisions there are frustrated speculators, using the speculation instruments like longs and shorts. Some losing money by gaming the market in the wrong direction. 

I am an investor only, buying and holding. As long development is going on and the crew is committed to the project, the opportunities of this project are still outweighing the risks for me.

[liondani]

This also means that, right now, a lot of BTS are being transferred into stronger hands making this less likely to happen in the future.

How can you conclude this is really true?
Have you ever thought that the opposite scenario could be more likely? (that we are loosing stronger hands...)
let me explain...

Considering from my self (and not only) I have lost more than 80% of my "investment" because I was shorting all the way down to this prices... I never sold BTS, except to cover my old short positions and to open new short positions... I have no more money to invest and soon if we continue the decline I will loose all my bts to cover my last short's...
So one is sure! My money have not gone to stronger hands... maybe not weaker BUT NOT TO STRONGER HANDS...

If I am the only example here, then I must agree with your analysis Stan... but if out-there are many supporters in a similar position like me (and maybe your top supporters) ... I would consider "You need to think bigger, Pinky!"

[btswildpig]

At this point we should stop caring about the price.

  BitShares is one of the few currencies that's not meant for "daytraders" in my opinion.

We need an actual ecosystem, a reason for people to use BitUSD.

BitShares produce BitUSD base on the needs of day traders . Without day traders , there are no BitUSD .
Without day traders activating the market , price , etc.etc.  people won't expect profit , so they won't short either . No short , no BitUSD .

Unless there is an whole different system , day traders is really important (essential maybe) to the economy of BitUSD .

[betax]

+ transparency and a roadmap.

Current issues are "defects" but is required a future. Why will anybody invest on "secrets".

[TurkeyLeg]

Shorts and MPAs need to be fixed. Period.


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