Bitshares price discussion

[karnal]

https://www.youtube.com/watch?v=0HtyF0jux2Q

[Stan]

Who, who, who put to doges out?

[Permie]

EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC

16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100

I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)

Also, when will the market cap of BitShares be equal to 21,000,000BTC?

As of 17/05/17,10:16GMT
bts price: $0.047863
bts mcap: $124,495,711 (Overnight increase of +$12MM)
Total cryptomcap: $61,711,186,636 (The total size of the cryptomcap grew +$3,901,260,756 overnight) +6% in USD terms

BitShares 2.0's percentage share of the cryptomarket is today: 0.201%. An overnight gain of +0.011% of the market.
BitShares grew faster than the general trend of the market.


EDIT:
As of 12:30GMT 17/05/17 (according to cryptofresh.com)
BTS Market Cap: $119,650,915
BTS TOTAL SmartCoin Market Cap: $3,243,884

Ratio of BTS-MCAP / SC-MCAP: 36. BTS mcap is currently x36 SC-MCAP

SmartCoin Market Caps ($USD):
CNY: $1,838,179 (56% of total bts-SmartCoin market)
USD: $1,057,100 (32% total SC-Mcap)
EUR: $113,237 (3.5%)
BTC: $108,173 (3.3%)
Silver: $64,849 (1.9%)
Gold: $34,472 (1.04%)
AUD: $18,074 (low volume) (<1%)
GBP: $4,466 (<1%)
CAD: $1,939 (<1%)
JPY: $1,277 (<1%)
ARS: $605 (low volume) (<1%)
HKD: $578 (low volume) (<1%)
MXN: $546 (<1%)
RUB: $159 (low volume) (<1%)
CHF: $134 (low volume) (<1%)
KRW: $46 (low volume) (<1%)
SGD: $25 (low volume) (<1%)
NZD: $22 (low volume) (<1%)
SEK: $3 (low volume) (<1%)


https://bitsharestalk.org/index.php/topic,24159.msg306249.html#msg306249

[Stan]

The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com

The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014

Yeah.  I bought some at that price...

[Stan]

The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com

The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014

No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.

How right you are

EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC

16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100

I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)

Also, when will the market cap of BitShares be equal to 21,000,000BTC?

We are ahead of Doge.  That's all that matters. 

[Riverhead]

Been waiting for this a long time...

Tight race. Could crack the top 15 tonight if this push continues.

[Riverhead]

WOW! Welcome bak to the forums Riverhead, long time no see.

Guys, this is one of the early BitShares pillars here, one of the core community members who helped to make BitShares what it is, particularly the BitShares community. Hope all is will in your world James, and hope to see more from you here in the future.

Thanks for the kind words, Thom . I haven't been posting but I've still been spreading the good word about Bitshares to whoever will listen and correcting the many many misunderstandings out there about what Bitshares is and what it isn't.

[Stan]

Been waiting for this a long time...

[Permie]

The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com

The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014

No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.

How right you are

EDIT:
For future reference:
As of 21:00GMT 16/05/17, according to coinmarketcap.com
US Dollar price of bts: $0.043429
BTC price of bts: 0.00002489
Total USD value of the entire crypto market: $57,809,925,880
Total bts in circulation (released from Reserve Pool): 2,601,040,000
USD market cap of BitShares: $112,960,566
BTC market cap of BitShares: 64,733BTC

16/05/17 BitShares' market share of the cryptomarket in USD: 0.19%
(btsmarketcap/USDcryptomarket)*100

I'm very interested in seeing how this % fluctuates during this big cryptoboom(/pump)

Also, when will the market cap of BitShares be equal to 21,000,000BTC?

[Thom]

The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com

The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014

No, actually the record had to be near May 8th, where BitShares was #15 and Steem was #10. I caped a screenshot of CMC with price of BTS at $0.056 that day.

[vegolino]

We are on the ride today 
Let's hope we reach $200 mil this week

[Permie]

The price today is ALMOST the All Time High. $0.046529 according to coinmarketcap.com

The price has only ever been higher (in USD) than it is today for one night, August the 25th 2014

[Permie]

I'd be interested to see a graph of the relationship over time.

Does the data exist?
Archived states of the cryptofresh website over time?

[fluxer555]

I'd be interested to see a graph of the relationship over time.

[biophil]

Is bts Martketcap = Smartcoin + UIA Marketcap expected?

I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.

Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.

Total value of all SmartCoins is ~$6.3MM. Hmm..

Are a lot of the large-volume UIA's backed by real assets held in a hot wallet?
For example, a larger volume UIA is OPEN.BTC - which is at least perceptually backed by bitcoin. Is this ENTIRELY irrelvent to the value of bts?
The fact that bts can facilitate services for $3MM OPEN.BTC must have some (even if teeny tiny) effect on the psychological perception of value of the BTS 2.0 network?

The other largest volume UIA's are OBITS, OPEN.ETH, OPEN.MUSE ($17MM).
These UIA's are at least partially backed by real assets, albeit not the bts asset.

Do we know what the total volume of SmartCoins/UIAs was before the recent price increase?

Yeah, probably not entirely irrelevant. But the connection isn't an explicit analytical one like with smartcoins. I don't even know how to guess at the magnitude of the connection. I use my Bitshares account for several things. One of the things is to trade BTS, but I also use Openledger's services to trade between BTC, Steem, ETH, and smartcoins - often bypassing BTS entirely (except that I still owe fees in BTS). So it's not even clear to me how much value BTS obtains by being the base currency of the Openledger exchange. It's so complicated.