Bitshares price discussion

[cylonmaker2053]

Has anyone ever considered that "traditional" analysis does not work with BitShares for the simple reason that there was a SHAREDROP not only on investors and traders, but also on "uninformed" people that just had some bucks left and want to exit?

yes i agree...the tools of traditional trading analysis are suspect to begin within the financial world, and i think they hold less predictive power in crypto...at least for now.

[BunkerChainLabs-DataSecurityNode]

I think it takes special kind of stupid to sell at these prices. At this point, might as well pretend it's down to 0, but why would anyone sell here it is just funny.

China market crash.. needed all his funds out of crypto to pay rent.

[bitmeat]

I think it takes special kind of stupid to sell at these prices. At this point, might as well pretend it's down to 0, but why would anyone sell here it is just funny.

[xeroc]

Has anyone ever considered that "traditional" analysis does not work with BitShares for the simple reason that there was a SHAREDROP not only on investors and traders, but also on "uninformed" people that just had some bucks left and want to exit?

[chryspano]

"Proposals".....

Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?

Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?

How's that BTS price going?

I asked you 4 questions and you answered none.

Price is doing great, at this level I could still sell at 40%-50% profit If I wanted but this will not happen (I bought some at 8-9M marketcap and sold half at 19M marketcap) I will probably buy some more if the price falls a bit more the next 1-2 weeks. I made some nice profits because of your FUDing and probably I will make some more the next few weeks, I don't want you to think that I'm ungratefull. 

[NewMine]

"Proposals".....

Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?

Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?

How's that BTS price going?

[NewMine]

See the problem is that the 3x collateral is based on the feed price. So one can only short so much.

1M BTS can only short like 2.5K BitUSD.

You can add collateral, but you can't remove it. It's really silly.

This is what people have been complaint about and losing money on for nearly a year. People left this project because they got burned from this and then a 10% hit on top. The Devs were too busy creating Graphene to do many thing about it. And now you all are seeing the effects of that. Nobody wants to buy back in because they got screwed and he project has flip flopped to something completely different, multiple times. If BTS 2.0 comes out and is the next best thing since sliced bitcoin, your market cap will suffer for awhile until it is clearly proven. And even then, these people who left are facing another dilemma, whether they want to invest in something like a ripple/bitreserve project or stick to the decentralized mantra of the cryptocurrency world. Yeah, yeah, yeah, Bitshares is "decentralized" enough you say.  Well it's not as blurry a line to all the people who are out there who haven't invested. And joe freaking schmo at bofA ain't gonna trust his money in a project who's ultimate control rests in a father son duo out of Virginia. Especially in a time where scams are the only things that carry weight in any new article beyond the crypto universe.

If you get rid of Cryptonomex ball and chain,Bitshares may be able to convince the billions of dollars in BTC to migrate over because with out that, you got nothing but all of you who are still here.

Just look at the BTS price. BTS did not ride up with BTC when it hit +$300. It actually faded. Then the altcoin pumps, and BTS faded. Then BTC and the Alts reversed, and BTS got hit hard. Hard like it was pumped.  This last dump was capitulation and I would bet you see a steady slow down trend. Probably to the $.002 range you predicted last month.

[chryspano]

"Proposals".....

Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?

Are you saying that competitors might gain an advandage? If yes then why on some threads you wanted all of our "competitors" to have access to the BitShares code without geting permision from our devs? aren't you contradicting yourself? or it's just your casual FUDing?

[bitmeat]

New Whine...

[NewMine]

https://bitcointalk.org/index.php?topic=813191.880



What's the deal with all these claims?


Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx

Well, well, well.

By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.

would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).

I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.

Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.

I guess that is something you don't understand. Worker proposals are specifically for code implementations to enhance BitShares. The BitShares 2.0 chain has been licensed back to the community free. CNX won't be able to do shit to BitShares without the shareholders permission.

"Proposals".....

Do t forget that CNX gets to distribute Bitshares code for a profit to outside parties, competitors, or anyone who wants to "plug in" in anyway, from 3rd party exchanges to payment processors. How else will the Devs get paid?

[bitmeat]

See the problem is that the 3x collateral is based on the feed price. So one can only short so much.

1M BTS can only short like 2.5K BitUSD.

You can add collateral, but you can't remove it. It's really silly.

[BunkerChainLabs-DataSecurityNode]

https://bitcointalk.org/index.php?topic=813191.880



What's the deal with all these claims?


Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx

Well, well, well.

By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.

would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).

I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.

Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.

I guess that is something you don't understand. Worker proposals are specifically for code implementations to enhance BitShares. The BitShares 2.0 chain has been licensed back to the community free. CNX won't be able to do shit to BitShares without the shareholders permission.

[cylonmaker2053]

I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.

Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.

what if stakeholders want to go with a fork? we own the entity, right?

[NewMine]

https://bitcointalk.org/index.php?topic=813191.880



What's the deal with all these claims?


Definitely doesn't make bitshares look good if he's a scam artist. No idea but someone should address those comments as new investors are looking at Bitshares as well as Banx

Well, well, well.

By the way, this price drop has nothing to do with this. It has to do with a shit client and that Cryptonomex has taken control and centralizing the project and the code. A majority and perhaps all investirs are crytocurrency fans first and decentralization was a major factor in allof them buying BTC and then stumbling across bitshares. And bitshares isnt anywhere near the decentralized priject it started out as. multiple left turns have taken bitshares in a near opposite direction from initial white paper and AGS funding.

would you say that Bitshares is still a fully open source project? The dev group has organized into CNX, but at any point we could have a different set of devs fork the project a diff direction that the community could adopt, right? i'm completely fine with the devs organizing themselves however they think optimizes their efforts, so long as the project is still open source and shareholders hold ultimate control (even though i realize the current devs are likely majority shareholders in the aggregate).

I guess that is something you don't understand. CNX owns the code. If anyone forks it and isn't anonymous, CNX can send a cease and desist order to stop using the code since it is owned and permission wasn't given. Now if the Dev of the fork stays anon, then you have a different story except that nobody will join because they are clearly engaging in a defined legal activity.

Bitshares is totally open source as are a lot of proprietary softwares. They have licensed or are going to do it in a way that you can see the code, you just can't do shit with it without CNX permission.

[Ander]

Has anyone stopped to think that maybe we are just in a bottoming process that started in May? Most bottoms are not V bottoms.  Most are some sort of W shape.  A lot of people are blaming the devs or fundamentals, when it could just be a normal market trading pattern that we are seeing.

Another traders saying, "Bottoms are processes, not points"

The move from .0198 to .0527 CNY (end of april through may 28) has all the characteristics of the start of a bull market.  Volume was high, bullish patterns formed and then resolved themselves, price rose quickly after overcoming breakout points, etc.  It happened in three visibly distinct parts just like an elliot wave impulse should, with the middle part being the largest, fitting the expected pattern.

That wave 1 in elliot wave terms is very clear.  It doesnt look like a corrective wave in a continued downtrend, it looks like a major bottom. 

Everything from the point where we hit .0527 CNY on May 28 has been a correction.  (Even when we went briefly higher, to .0532, in CNY terms, though it was not higher in satoshi terms - that barely higher high was the top of wave B of the correction).  I suck at counting corrective patterns.  They are way too complicated. 

This correction, wave 2, has dragged out a long time.  It looked for a while like the lows would be around .036 (50% retracement of the move up), hit a couple times, and then we would go up again.  The pullback was all on lower volume than the rise.  Sadly, when .036 broke yesterday we just had an all out crash down to .028.    It still looks like a wave 2 correction, its just a deep correction now, instead of a moderate one.  It could indeed go down for a W bottom at .02 and have this all still be correct (wave 2 can retrace up to 100% of wave 1, but not more). 

Yeah, its a process.  I had hoped it would be a nicer process than this because that first move up was really strong, and we had news events coming.  But newmine and all the other haters have managed to make everyone feel shitty about that news and treat it like a negative.  (BTS 2.0 news buried under fears about what cryptonomex means for BTS, announcements of customers adopting bitshares turned into threads about how our new customers are scammers, etc). 

This community is very long suffering.  I really hope we succeed in the end, because people have poured their hearts into the project, and the ideas are amazing.  We just need the devs to finally release a good product that the community can run with.


TL;DR version: I also agree with you.