Bitshares price discussion

[xeroc]

... and we are FAR away from paying all available worker pay currently ..

[chryspano]

According to this http://cryptofresh.com/reserve the max selling presure from worker proposals etc seems to be 130M per Year(6,5% "Inflation"), half compared to the 250M per Year from the merger(12,5%) It seems that right now we are having 19% "inflation" per year. (calculations based on an initial 2B bts)

I wonder how the price will react when the merger will be over in less than a year.

[lil_jay890]

How are UIA and FBAs creating sell pressure? Please elaborate!

They are being used for funding and the bts that they receive is being dumped on the market. It wouldn't be a problem if people could raise money not using bitshares, but many of these investors don't have any extra money left for an investment.  They are all in bts from much higher levels.

[xeroc]

How are UIA and FBAs creating sell pressure? Please elaborate!

[lil_jay890]

So without trying to sound too paranoid, do people think that BTS is being somewhat suppressed artificially? BM mentioned an off the cuff comment something like this when discussing the bitcoin failing article that was published the other day. We know we've got great technology and dan is so innovative, it makes me wonder if there is some sort of collusion to keep our mkt cap low. An interesting thought.

There is no collusion to keep bts low... Btsx was majority owned by a bunch of whales (many in china).  Dilution was introduced and that changed the reason for their investment.  The kind of selling we saw us when concentrated ownership sells... Bts is cool, but remember its just open sourced code.  And it's extremely abusive to shareholders, because of worker proposals, fbas and uias.  There is constant selling pressure on bts because of these mechanisms.

[mike623317]

 
So without trying to sound too paranoid, do people think that BTS is being somewhat suppressed artificially? BM mentioned an off the cuff comment something like this when discussing the bitcoin failing article that was published the other day. We know we've got great technology and dan is so innovative, it makes me wonder if there is some sort of collusion to keep our mkt cap low. An interesting thought.

[dannotestein]

@dannotestein since you have quite some amount of capital, is it possible to attack BlockTrades this way?
* sell a big amount of BTS to blocktrades
* dump on Polo so the price go down
* buy from blocktrades at a lower price

BlockTrades is essentially a market-maker, so it's potentially subject to the same attacks as any market maker. We limit the potential for losses by various algorithms (of fairly high complexity) and by limiting the amount that can be lost if someone did find a successful attack vector. I think odds are high that anyone attempting the attack you describe would wind up losing money  rather than gaining it, but there's no easy answer to such questions  since there would be a lot of unknown variables involved.

[abit]

@dannotestein since you have quite some amount of capital, is it possible to attack BlockTrades this way?
* sell a big amount of BTS to blocktrades
* dump on Polo so the price go down
* buy from blocktrades at a lower price

[abit]

For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..

We have price-stable bitUSD.  Now we have price-stable BTS.

Last time we said this is when BTS is 0.08 CNY each. Then it went down.

[cube]

For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..

We have price-stable bitUSD.  Now we have price-stable BTS.

[jsidhu]

Ppl are accumulating due to cryptsy news.

[Akado]

We're holding up pretty well today, amidst the carnage around us.

vs USD

vs BTC, most are doing fine

[Vizzini]

We're holding up pretty well today, amidst the carnage around us.

[Akado]

on the bright side. we have a peg. 1/3 of a cent. still pegged though. challenge achieved.

[BunkerChainLabs-DataSecurityNode]

For me it seem a bot is keeping BTS at the same dollar price .. for quite a while now ..

I agree.. no matter what people are saying about our price.. it has been hovering at the same overall USD conversion for a long time. That not 'market' activity. The charts of BTS trend far differently than most of the TOP 10.