Bitshares price discussion

[Empirical1.2]

why are the fees 21bts?

any reason for that? didnt it use to be less than 1bts?

is the burning thing a new feature? so over time how can that work out if bts are being reduced?

I am really wondering right now

https://bitshares.org/technology/referral-rewards-program/

In the case of BitShares, this means setting transaction fees that are high enough to cover all costs, including the cost of customer acquisition, while still being low enough to compete against real competitors. Most cryptocurrency networks barely charge enough in transaction fees to cover the cost of running the network. They attempt to attract users with low fees. While low fees are important, undervaluing the service provided is counter productive. For this reason, BitShares charges a price that is much higher than competing cryptocurrencies but much lower than traditional exchanges and payment networks like Dwolla or PayPal.

It's a positive imo. Using the referral programme you can earn a % of the fees from everyone you refer to BitShares. $0.1 or whatever the fee is, is still cheaper than any real competitors but incentivises people to advertise and promote BitShares.

[Marky0001]

why are the fees 21bts?

any reason for that? didnt it use to be less than 1bts?

is the burning thing a new feature? so over time how can that work out if bts are being reduced?

I am really wondering right now

[jsidhu]

The price is going up again?

350k coins reduced today via fees burned..

Is this good or bad? ....doesnt that mean fees are kind of high?

Burning bts to make a profit for holders is the entire purpose of BTS.  The more BTS burned the better, it reduces sell pressure.

It is a revenue model along with bts being underwriter / collateral for loans which also puts deflationary presssure on bts

[Ander]

Yep, there comes the buying.

[Ander]

The price is going up again?

350k coins reduced today via fees burned..

Is this good or bad? ....doesnt that mean fees are kind of high?

Burning bts to make a profit for holders is the entire purpose of BTS.  The more BTS burned the better, it reduces sell pressure.

[kingjohal]

The price is going up again?

350k coins reduced today via fees burned..

Is this good or bad? ....doesnt that mean fees are kind of high?

[Ander]

The price is going up again?

350k coins reduced today via fees burned..

Where can we see this info.

[jsidhu]

The price is going up again?

350k coins reduced today via fees burned..

[kingjohal]

The price is going up again?

[betax]

After further analysis this is what is going to happen:

https://www.youtube.com/watch?v=GZVx7RDNiAw&feature=youtu.be

[mf-tzo]

buy back? Probably you mean increase our position and buy more! We do not sell BTS here. We only BUY!!

[Ander]

Time to buy back in I think, with whatever you sold in expectation of the release dump.

[karnal]

I never knew there were so many prophets and seers 

[kingjohal]

new upwave confirmed:



wedge looks to resolve itself sometime next week.

Do you guys think we are in risk of approaching new ATL?

[werneo]

new upwave confirmed:



wedge looks to resolve itself sometime next week.