Author Topic: Bitshares price discussion  (Read 887161 times)

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Offline Chuckone

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but you'd do it to park funds into crypto and earn a way above average interest rate on your savings.

AFAIK this won't be true anymore in BTS 2.0

Offline cylonmaker2053

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What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD  double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?

Theres like 50k usd being put into BitCNY so something must be there..

great question, esp since i'm brainstorming a startup venture to market and sell bitUSD to the public. here are the advantages i've documented so far (would love anyone else to chime in here):

1) bitUSD earns a much higher than banking interest rate, currently ~5.5%
2) bitUSD moves funds to the blockchain instead of keeping them in the traditional financial system
3) You get all the benefits of a crypto asset: near instantaneous transactions, negligible transaction costs, no capital controls
4) bitUSD can be easily traded for most popular crypto currencies and assets using services like shapeshift.io
5) bitUSD is also a short on BTS, so you can take a negative bet on BTS if you think the price will keep going down (i don't)

so, you're not going to hold bitUSD to speculate on it ever being worth more than 1 USD (which it does actually fluctuation btw, but within +/- 10% of the peg), but you'd do it to park funds into crypto and earn a way above average interest rate on your savings.

Offline xeroc

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What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD  double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?
The point is PRICE STABILITY ... you have a token with the features of crypto and the price of fiat .. it's like paypal .. just better

Quote
Theres like 50k usd being put into BitCNY so something must be there..
bitCNY market is a little more liquid atm .. that may be the only reason .. who knows ..

Offline Blazin8888

What is the advantage of purchasing BITUSD? Will the value of 1 BITUSD always be at least 1.00 usd? Can 1 BIT USD  double or tipple in price as well or is it always the same value as 1 usd dollar ...if so whats the point ?

Theres like 50k usd being put into BitCNY so something must be there..

Offline lakerta06

Okay thank you for all your help...i have backed up my wallet to a USB but it is not a .dat file?


it is .json??

Yes it is normal. File extensions doesnt mean much anyways.

Offline Blazin8888

Okay thank you for all your help...i have backed up my wallet to a USB but it is not a .dat file?


it is .json??



Offline Ander

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Anyone know the reason for the transaction spike on 17 Jun?
http://bitsharesblocks.com/charts/transactions

Was that NameNarwhal registering tons of names?
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Offline pgbit

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Anyone know the reason for the transaction spike on 17 Jun?
http://bitsharesblocks.com/charts/transactions


Two questions..


1. What has been the ATH of BTS


2. Where do you guys see 2015s ATH reaching after Bitshares 2.0 drops?

here's a cool price chart:

http://bitsharesblocks.com/charts/prices

no clue where BTS price will end up, but i'm bullish :)

Offline lakerta06


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Offline Ander

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Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.

Yes, this is a good option as well.  Blocktrades.us has better spreads than shapehift (at least when I have used it).

If you buy on an exchange, make sure to withdraw it into your own wallet afterwards. 
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Offline cylonmaker2053

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Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.


https://blocktrades.us is my preferred method to buy BTS. second is via shapeshift.io ...def prefer to stay away from centralized exchanges that hold customer funds.

Offline dannotestein

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Interesting. Just to confirm it is no longer an ICO correct?


The BTS I purchase today will still be good tmrw?


Many people are sidetracked by BTC and LTC but when things pick up even more on those ends I think we will see more attention drawn this way.

ICO ended like 15 months ago.  BTS today is good tomorrow, yes.  But don't buy it on bter!  Btc38 is #1 volume by a lot, poloniex is 2nd.
Another option is to buy it on http://blocktrades.us where you can avoid the hacked-exchange risk and generally get a better price as well.
http://blocktrades.us Fast/Safe/High-Liquidity Crypto Coin Converter

Offline Ander

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Interesting. Just to confirm it is no longer an ICO correct?


The BTS I purchase today will still be good tmrw?


Many people are sidetracked by BTC and LTC but when things pick up even more on those ends I think we will see more attention drawn this way.

ICO ended like 15 months ago.  BTS today is good tomorrow, yes.  But don't buy it on bter!  Btc38 is #1 volume by a lot, poloniex is 2nd.

When BTS 2.0 launches all your BTS will convert into the new BTS, with no change in stake.  Supply will remain a bit over 2.5 billion, with a small amount of inflation for paid delegates, but less inflation than bitocin, litecoin, or doge (even after the halvings). 

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