Author Topic: Bitshares price discussion  (Read 519227 times)

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Offline xeroc

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Re: Bitshares price discussion
« Reply #3165 on: October 12, 2016, 01:31:55 pm »
[member=23744]lil_jay890[/member] Your graphs would have been an indication if they all used the same scaling on the x-axis .. Like this .. you are comparing 3+ years with 1+ year ..
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Offline mr-whitekey

Re: Bitshares price discussion
« Reply #3166 on: October 12, 2016, 04:01:10 pm »

...but one problem here is the easiness of getting your Worker voted right back out again. Chronos has experienced this a few times, even our best core devs have as well. So we need a Worker to fix the Worker program, I think DataSecurityNode had some ideas on this topic.
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That is an extreme drawback. The uncertainty alone would stop many from even proposing. I agree this must be fixed. Once a Proposal reaches the necessary threshold votes need to be locked (maybe some super majority can override?). Yet. how do we ensure the the project gets done? Some projects might take many months and the funds will need to be dispersed more evenly. I am new, what methods have been discussed to accomplish this. What is the current method of fund dispersal?

Offline Chronos

Re: Bitshares price discussion
« Reply #3167 on: October 12, 2016, 07:37:57 pm »
The worker system has its strengths. It allows shareholders to vote out a worker that is underperforming, which is an important feature.  I'm not sure that I would want to see it changed with any sort of lock-in.

The current method of funds dispersal is for the proper amount of BTS to be created each day that the worker is voted in. See http://cryptofresh.com/workers for details on the current worker situation.

Offline mr-whitekey

Re: Bitshares price discussion
« Reply #3168 on: October 13, 2016, 04:39:50 am »
The worker system has its strengths. It allows shareholders to vote out a worker that is underperforming, which is an important feature.  I'm not sure that I would want to see it changed with any sort of lock-in.

The current method of funds dispersal is for the proper amount of BTS to be created each day that the worker is voted in. See http://cryptofresh.com/workers for details on the current worker situation.
I respect your perspective as you have actually done a proposal. I still have my intuitions... Would you leave the process as is or do you have another way to address the uncertainty created?

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Offline mr-whitekey

Re: Bitshares price discussion
« Reply #3169 on: October 19, 2016, 03:53:03 am »
The vesting period ends in two and 1/2 weeks. I have my doubts about this actually causing a significant price rise, seems to me far too little volume. However, it could help a slow and steady increase. As I assume most ppl still holding are the long term diehards who will not sell very easily, and there is just enough new exposure to overtake those who will sell still.

What is the general feelings of the ppl here?

Offline GChicken

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Re: Bitshares price discussion
« Reply #3170 on: October 19, 2016, 05:34:59 am »
I agree 100%, i think the vesting period ending will not cause a massive surge in pricing but i am looking for a slow increase pretty much the reverse of the last 2 years; let not underestimate the impact this has cause. it is literally 20% of the total supply that has been trickling in over a long period and once the trend is historically down why would the people receiving these 'free' shares hold for a longer term when they could sell now and use profits to by in later wehn the trend is more favourable.

I also think this negative trend has stopped a lot of would be investors/users looking at the platform in detail as why would they want to own  something that goes down in value 95% of the time, i think once the trend changes direction we will also have people more willing to look into the platform as they are doing their due diligence on a platform they are looking to invest in. once the 'Bitshares is awesome' message come from more than the small percentage of diehards we have here and people start hearing the same message from multiple people; the diehards and the people that recognised the value early will be very well placed :).

Offline KenMonkey

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Re: Bitshares price discussion
« Reply #3171 on: October 29, 2016, 03:21:34 pm »
Bitshares major offering is definitely the BAE (bitshares asset exchange). It's amazing to see the number of orders and volume has gone up by 10x in the past year, but the market cap is almost exactly the same.
http://cryptofresh.com/charts
http://coinmarketcap.com/currencies/bitshares/#charts
The market cap of bitCNY, bitUSD, and especially bitEUR has massively increased making the supply of BTS shrink by ~2.5x the increase in those market caps. Plus the supply increase is about to go to almost zero on Nov. 5.

The only unfortunate thing for bitshares and crypto in general is that bitcoin, the most trusted cryptocurrency is about to implode with those tiny ridiculous blocks and insane blocktime. When bitcoin becomes ineffective it damages the entire ecosystem, at least short-term.

Inflation usually lags about 10 years in major economies. In 2008 the USA majicked (printed) trillions of dollars to bail-out the banks and save the auto industry in the US. Soon they will start to feel the beginning of the massive inflation they caused. I predict wild USD inflation by 2018 inducing a crypto-revolution where established, reliable, useful coins and the bitshares BAE will be central to restoring security and function in the world economy.

So I guess you could say I'm holding.

Offline Brekyrself

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Re: Bitshares price discussion
« Reply #3172 on: October 29, 2016, 05:26:42 pm »
Bitshares major offering is definitely the BAE (bitshares asset exchange). It's amazing to see the number of orders and volume has gone up by 10x in the past year, but the market cap is almost exactly the same.
http://cryptofresh.com/charts
http://coinmarketcap.com/currencies/bitshares/#charts
The market cap of bitCNY, bitUSD, and especially bitEUR has massively increased making the supply of BTS shrink by ~2.5x the increase in those market caps. Plus the supply increase is about to go to almost zero on Nov. 5.

The only unfortunate thing for bitshares and crypto in general is that bitcoin, the most trusted cryptocurrency is about to implode with those tiny ridiculous blocks and insane blocktime. When bitcoin becomes ineffective it damages the entire ecosystem, at least short-term.

Inflation usually lags about 10 years in major economies. In 2008 the USA majicked (printed) trillions of dollars to bail-out the banks and save the auto industry in the US. Soon they will start to feel the beginning of the massive inflation they caused. I predict wild USD inflation by 2018 inducing a crypto-revolution where established, reliable, useful coins and the bitshares BAE will be central to restoring security and function in the world economy.

So I guess you could say I'm holding.

All signs point to going up.  However after constantly monitoring the troll box on OpenLedger, people who do not grasp the concept in 5 minutes tend to shy away from it.  They are supposed to release a simplified GUI which should significantly help user retention.

No reason to sell at these prices, lets see where it goes after the 5th of November.

Offline KenMonkey

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Re: Bitshares price discussion
« Reply #3173 on: November 25, 2016, 11:51:07 pm »
sidewaaaysss... booorrrinnnnggg

Offline DestBest

Re: Bitshares price discussion
« Reply #3174 on: November 26, 2016, 04:51:35 pm »
sidewaaaysss... booorrrinnnnggg
^This

But projects are continuing development nonetheless  ;D
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Offline Chris4210

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Re: Bitshares price discussion
« Reply #3175 on: November 29, 2016, 02:44:35 pm »
IsnĀ“t it a good time to buy again? The prices are super low right now, perfect timing.
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Offline mr-whitekey

Re: Bitshares price discussion
« Reply #3176 on: November 29, 2016, 03:33:28 pm »
Prices being low is only a good thing if they are low compared to reasonable future value of BTS. I see nothing that has changed regarding the fundamental value of BTS. The are some possibilities like block pay and this new debit card that Stan was talking about, but with low volume on both and both still being speculative in their own right that only compounds the risk of BTS.

Basically we have the success of a speculative asset riding on the success several more speculative ventures.

My thoughts are, yes, it is a great time to buy, if you are convinced that either block pay or this new debit card feature Stan referred to will ultimately succeeded.

However, we still have a massive leadership deficit and has prevented me from buying more... When I see the kind of leadership that other projects have from peerplays to blockpay it makes me increasingly wonder if I have misallocated my capital in this project. I first came to bitshares about a year ago and instantly saw its potential with the Dex and pegged assets. I still believe that potential and am not so impatient that I expect returns in one year, but I do except a dedicated leadership with ideas and vision. The lack of this is probably the single largest aspect that tells me to sell much of my stake and move on...

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Offline lil_jay890

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Re: Bitshares price discussion
« Reply #3177 on: November 29, 2016, 06:53:23 pm »
So when does the November 5th "super" halving price jump kick in....??

Offline yvv

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Re: Bitshares price discussion
« Reply #3178 on: November 29, 2016, 07:29:38 pm »
So when does the November 5th "super" halving price jump kick in....??

It's cyber monday discount, last hours, enjoy LOL

Offline lil_jay890

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Re: Bitshares price discussion
« Reply #3179 on: December 05, 2016, 06:06:40 pm »
CNY market cap is getting torched currently... This plus the decline in the BTS price looks like some larger holders are leaving the ecosystem