Bitshares price discussion

[Empirical1.2]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

Maybe.

Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?

They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.

That makes no sense.  Why do you need Bitshares on Ethereum if you have Augur?

 I don't follow Ethereum much but I thought Augur was just a prediction market.

CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.

The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.

And all the time they spent on BitShares would go to waste as they would give in to the competition? I mean, it's a possible scenario, I just don't see it happen. Not that soon at least. If they stayed by BitShares up until now, they won't go away that easily. But that's just me, who some could call naive, but I feel I can trust the devs. The current ones.

Hmm... Yes I think you're right, it's extremely unlikely that they would already consider that angle/outcome. I'm just surprised that there seems to be a lot of heavy BTS selling atm.

[dannotestein]

Still learning about Bitshares but feel like it's both technically (from a trading standpoint) and fundamentally (from a project and news standpoint) undervalued right now and just purchased 1 million on Poloniex with a 0.000017 average (Cashed out a minor part of my Ether crowdsale holdings). Just wanted to say hi here and will be following the thread.

If you want to buy a lot of BTS, our site BlockTrades probably can get you better prices, and it's much safer than trading on a centralized exchange (your money doesn't sit for long outside of your wallet). See the link below in my signature...

[Akado]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

Maybe.

Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?

They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.

That makes no sense.  Why do you need Bitshares on Ethereum if you have Augur?

 I don't follow Ethereum much but I thought Augur was just a prediction market.

CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.

The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.

And all the time they spent on BitShares would go to waste as they would give in to the competition? I mean, it's a possible scenario, I just don't see it happen. Not that soon at least. If they stayed by BitShares up until now, they won't go away that easily. But that's just me, who some could call naive, but I feel I can trust the devs. The current ones.

[Empirical1.2]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

Maybe.

Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?

They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.

That makes no sense.  Why do you need Bitshares on Ethereum if you have Augur?

 I don't follow Ethereum much but I thought Augur was just a prediction market.

CNX may want to put their own version of BitAssets onto Ethereum for example, like Rune is trying to do. Or perhaps a bond market.

The point is that if Ethereum gets the network effect then a company made up of talented developers like CNX who's interests aren't directly aligned with BTS may want to build profitable Apps on Ethereum.

[topcandle]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

Maybe.

Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?

They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.

That makes no sense.  Why do you need Bitshares on Ethereum if you have Augur?

[Empirical1.2]

I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..

On the contrary I would say that people started to dump Brownies in order to buy BTS..

What are Brownies? Sorry, noob.

The founder and lead developer on BitShares recently started Brownies to reward people for their contributions.

https://bitsharestalk.org/index.php/topic,17354.0.html

They were recently given 20% equity in a new venture called IDentabit

https://bitsharestalk.org/index.php/board,96.0.html   (Active BS community allocation)

There's speculation they may be awarded equity in CNX - a separate company recently set up by the developers that owns the rights to the new platform, Graphene,  that is being released on BitShares in the next few months.

You can also purchase Brownies in the wallet, but they are subject to dilution at any time & possible confiscation if the lead developer doesn't like you/your actions because they're kind of his personal reward tokens.

Personally I'm not a fan.

[Portabello75]

I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..

On the contrary I would say that people started to dump Brownies in order to buy BTS..

What are Brownies? Sorry, noob.

[Portabello75]

Still learning about Bitshares but feel like it's both technically (from a trading standpoint) and fundamentally (from a project and news standpoint) undervalued right now and just purchased 1 million on Poloniex with a 0.000017 average (Cashed out a minor part of my Ether crowdsale holdings). Just wanted to say hi here and will be following the thread.

[Empirical1.2]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

Maybe.

Graphene is a far superior platform but if Ethereum continues gaining popularity and network effect I wonder if there wouldn't be more incentive for CNX to build on top of Ethereum?

They might be able to raise a few million dollars with an Augur-style crowdfund and also have a larger market of customers.

[topcandle]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

Like Augur?

[Empirical1.2]

What are the odds the selling is from large CNX holders and they plan to announce an Ethereum App in the next few months?

[BunkerChainLabs-DataSecurityNode]

I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..

On the contrary I would say that people started to dump Brownies in order to buy BTS..

^^ This.. I know a number of people who have gotten brownie points who almost immediately sold them off for BTS ... they were super excited at how much they got for them too.

I think suggesting that a UIA is driving down BTS value is really reaching.

This is all being done on purpose.. we are going to see this likely for the next month.

DISCLAIMER: Not a trader.. just stating my 2 brownies worth.

[mf-tzo]

I seriously doubt that selling 30k BTS for Brownies is the reason that BTS value is dropping..I don't think that people will start dumping BTS for Brownies..Especially when Brownies have absolutely no strings attached, haven't promissed officially any sharedrop of anything in the future and can magically dissapear from your wallet if BM chooses to..

On the contrary I would say that people started to dump Brownies in order to buy BTS..

[topcandle]

After thinking about it I have personally moved those BTS away from Polo and bought some cheap Brownies...

[/quote]

EZACTLY MY POINT!  Brownies are cheap and are cheapening the value of Bitshares.   Your selling BTS for Brownies meaning that BTS is losing its value because of the Brownies. 

[mf-tzo]

indeed awesome. I didn't know I could do this..On the other side don't you think is a bit dangerous to have more than 100k BTS in a centralized exchange? I have done the same with my 30k bts and still I don't feel very comfortably leaving my precious there..

on another note Hellenic coin dropped today in place 142 in cmc..lol..so confidence in crypto has been restored...

I personally would not sell a single BTS at these prices. I cannot imagine why anyone would think of cashing out into USD unless they are desperate for money.

This is the accumulation phase we are in. We should be grateful for these low prices because this allows us to become whales. Someone is going to accumulate over 10 million BTS and how much will that be worth when the price is 10 cents? On top of that Bitshares 2.0 will be so useful that even at 10 cents it might be the best place to speculate and to park wealth.

Personally, I wouldn't even think about selling when the price is below 50 cents, and possibly over $1.  Bitshares could go for $1 each if the market cap reaches a few billion which is actually quite trivial if some of the Forex money comes in. Bitshares 2.0 has to prove itself by showing it really can do 100,000 tps, and it has to find ways to make use of the liquidity if people want to put it in.

Bitcoin cannot accept the liquidity because of the low scalability. Bitshares 2.0 should be able to accept the liquidity in the billions easily. It could accept that right now, with 0.9, so 2.0 the sky is the limit. Bitshares 2.0 might take some time to mature but once volume goes up it will become incredibly useful and there is nothing else like it. Also it cannot be ported to Ethereum 1.0 because Ethereum can't handle it yet.

This means for possibly over a year Bitshares 2.0 should have free reign to find it's niche and mature. Bitshares 2.5 could be developed during this time and perhaps integrate with Medici if Overstock allows.

lol..who said anything about selling BTS at these levels? I didn't sell when it was $80 mil market cap I am not that crazy to sell now...
The question was whether we should loan these bts to poloniex traders who want to margin trade and we earn some interest on our BTS. After thinking about it I have personally moved those BTS away from Polo and bought some cheap Brownies...Not sure if this was the right choice (maybe I should just keep my BTS) but BMs "appreciation" is always good to have from my point of view and definitely is worth more than a small BTS interest from Poloniex traders.
Another solution would be to use them as collateral to short bitassets which also most probably will be more worthy than a small interest from Polo but this involves more risk which I cannot afford right now anymore..