Author Topic: Bitshares price discussion  (Read 896172 times)

0 Members and 1 Guest are viewing this topic.

Offline lzr1900

  • Full Member
  • ***
  • Posts: 127
    • View Profile

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
graphene  2015 thinks the price is going down more.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Tuck Fheman

  • Guest

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Sometimes I imagine it in this (oversimplified and exaggerated) way...

  • There is a limited supply of BTS, held by a variety of people.
  • 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
  • 7% of the supply is being used by people internally for various purposes.
  • 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
  • This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...

Does anyone think there could be elements of truth in this story?

If 90% is in the hands of hodlers, we are screwed

It seems like 10% is in the hands of hodlers, 10% is in the hands of devs and insiders who continually sells some to pay bills, and 80% is in the hands of whales who want out to get btc.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline lil_jay890

  • Hero Member
  • *****
  • Posts: 1197
    • View Profile
Sometimes I imagine it in this (oversimplified and exaggerated) way...

  • There is a limited supply of BTS, held by a variety of people.
  • 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
  • 7% of the supply is being used by people internally for various purposes.
  • 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
  • This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...

Does anyone think there could be elements of truth in this story?

If 90% is in the hands of hodlers, we are screwed

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
Sometimes I imagine it in this (oversimplified and exaggerated) way...

  • There is a limited supply of BTS, held by a variety of people.
  • 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
  • 7% of the supply is being used by people internally for various purposes.
  • 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
  • This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...

Does anyone think there could be elements of truth in this story?

@hadrian my true and only love,

I wish I wish, but days like this make me doubt it.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Tuck Fheman

  • Guest
Does anyone think there could be elements of truth in this story?

Most everyone I've known for more than 100 post are BTS hodlers.

I'm always trying to accumulate more (so beware), no matter how I can accomplish it (legally).

If I can't get paid in BTS, I find other ways to obtain it.

Taking advantage of days like this is one way. ;)

Tuck Fheman

  • Guest
This was a bit of a problem for many with the distribution of NXT. This may be a selling point for BitShares if newcomers realize they can undercut the prices paid by the original BitShares holders!

 +5% +5%

Offline hadrian

  • Sr. Member
  • ****
  • Posts: 467
    • View Profile
  • BitShares: hadrian
In long run.. this low price could be useful for bitshares. Bitcoin thanks to it's quick rise will give whole cryptocurrencies world a lot of new attention. People will try to find other coin which is right now bellow it's value.

that is way we have to be very active community right now. We have to report bugs, help others with questions... and we have to remember... that right now there is good time to buy lifetime membership.

It suppose to cost ~$100, but right now price is not updated... and 20000 is something like $75-80 ;)

I hope you're right!
I'd like to add that some people don't like to buy proof-of-stake cryptos if they feel like they're giving their money to the lucky and rich early adopters. This was a bit of a problem for many with the distribution of NXT. This may be a selling point for BitShares if newcomers realize they can undercut the prices paid by the original BitShares holders!
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline noisy

In long run.. this low price could be useful for bitshares. Bitcoin thanks to it's quick rise will give whole cryptocurrencies world a lot of new attention. People will try to find other coin which is right now bellow it's value.

that is way we have to be very active community right now. We have to report bugs, help others with questions... and we have to remember... that right now there is good time to buy lifetime membership.

It suppose to cost ~$100, but right now price is not updated... and 20000 is something like $75-80 ;)
Take a look on: https://bitsharestalk.org/index.php/topic,19625.msg251894.html - I have a crazy idea - lets convince cryptonomex developers to use livecoding.tv

Offline Portabello75

  • Newbie
  • *
  • Posts: 11
    • View Profile
So it's true that double spending 1.0/2.0 is a thing?

Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.

That sounds like the dumbest thing in the history of crypto. Well, I guess I'll wait til close-to-zero value before maybe picking some up. I had a sizeable chunk (5 mil) at 0.0014 but ditched them when I saw sell side balloon and buy side shrink.

Offline hadrian

  • Sr. Member
  • ****
  • Posts: 467
    • View Profile
  • BitShares: hadrian
Sometimes I imagine it in this (oversimplified and exaggerated) way...

  • There is a limited supply of BTS, held by a variety of people.
  • 90% of the supply is being HODLed, and would never be sold at silly prices such as those we are seeing currently.
  • 7% of the supply is being used by people internally for various purposes.
  • 3% of the supply is churning around being traded on external exchanges, bringing profit to some , and losses to others as it gets pumped and dumped. All the while the prices at which this 3% are being exchanged have been dropping.
  • This 3% of churning BTS started out at 40% of the supply, but has gradually been absorbed into the pockets of HODLers. Maybe in reality there is solid support building for BitShares, but it is being obscured by a small percentage of BTS cycling around between traders/poloniex 'margineers'/non-HODLers...

Does anyone think there could be elements of truth in this story?
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline speedy

  • Hero Member
  • *****
  • Posts: 1160
    • View Profile
  • BitShares: speedy
So it's true that double spending 1.0/2.0 is a thing?

Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.

Lol wut? Are u retarded by chance? wtf ???

For not dumping before the merger? Probably.

Offline Helikopterben

  • Sr. Member
  • ****
  • Posts: 202
    • View Profile
I think we are probably looking at a false breakout to the downside here... aka a bear trap.  I wouldn't be surprised to see a quick reversal back to the 1300 range... maybe a bit of consolidation down here first.

Offline FIAThater

  • Jr. Member
  • **
  • Posts: 28
    • View Profile
So it's true that double spending 1.0/2.0 is a thing?

Hello Portabello youre new so let me explain what happened. About 11 months ago BM had the genius idea to create a second genesis block that gave 30 million vesting BTS (no strings attached of course) to 1 guy for the purpose of adding voting services to BitShares. Because apparently blockchain voting is a huge market. That one guy has to constantly dump his millions of BTS to pay taxes, because they are due on the price you received an asset.

Lol wut? Are u retarded by chance? wtf ???