Bitshares price discussion

[Ander]

So someone threw away 5 bitcoins on PTS? Lol.

That happens like every time bitshares has a big rally.  One guy doesnt realize the difference between PTS and BTS.

[liondani]

That one is bitshares PTS

I know

[puppies]

290 sats you say!!!!

looks like its actually 300.  As much as I might like to believe that this whale meant to type in 3000, and will come back in a few minutes to remedy his mistake, I think a far more likely scenario is that he is attempting to manipulate us.

[Bhuz]

lol ... what am I missing ? 



http://coinmarketcap.com/currencies/bitshares-pts/#charts

That one is bitshares PTS

[karnal]

290 sats you say!!!!

[puppies]

Buy Orders
Total:
1322.47420186
BTC

About 600btc of it is around 290 sats though.

[liondani]

lol ... what am I missing ? 



http://coinmarketcap.com/currencies/bitshares-pts/#charts

[Ander]

BTS just shot up, this is what happens when you hold 1400 and make a higher low.

[emailtooaj]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.

he mistakenly compares the actual price of one share and doesn't account the total shares in circulation of each .... 

Let me clarify myself before too many people get cheeky about what I'm saying...
It doesn't matter per'se what the market cap is, or the amount of coins that are in circulation... yes those do come into play.
BUT... at some point it'll always boil down to one simple fact... am I/anyone willing to pay a specific price to purchase any product/service (forced pump/dumps partially excluded).

That being said,  if someone is willing to pay 0.00001400 BTC for one token of either BTS,  SYS or whatever... then that places monetary value of that specific token, in turn effecting it's Market Cap based on tokens in circulation.

I'm just trying to make a simple statement that within a 2yr span,  SYS coin had surpassed BTS in per coin value, not overall market cap.
An idea we all should let sink in a bit 

ps- I'm in no way dissing BTS btw!!!
I'm all in BTS and will continue to!

[xh3]

When crypto 2.0 projects start delivering actual value, we will start seeing more stable prices.  Nobody in crypto 2 space is really delivering any substantial value as of yet.   Bitcoin has infrastructure, recognition, legal acknowledgement, provides a "fairly stable" store of value, and is the de-facto reserve currency of virtual business.  Hence is has been more stable, because it is providing entities with more reasons to have some lying around than just to speculate with. 
But what can you really do with these 2.0 platforms?  What can one do with some Ether, with a Bit-share, with some Factom?  Most of the stuff you can do, you are relying on Bitcoin denominated services to achieve, hence most of the people involved in the markets for these things are just speculating.  There is little reason to hold these tokens atm, because the services that they proxy are not yet profitable.

[liondani]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.

he mistakenly compares the actual price of one share and doesn't account the total shares in circulation of each .... 

[emailtooaj]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.

I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .

It's too bad.  They could have put that front end on bts for quite a bit less, and had a much  better product.

Can't disagree one bit! 

[puppies]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.

I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .

It's too bad.  They could have put that front end on bts for quite a bit less, and had a much  better product.

[emailtooaj]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.

I was referring to per coin price. Yea our cap is larger, but sys always stayed around the 200 satoshi, 700-800 with last week's pump. Now its broke 1400. .

[tbone]

Damn, never thought syscoin would trade higher than BTS lol
That should get some motivation

What do you mean?  Our market cap is more than 5X theirs.