Author Topic: Bitshares price discussion  (Read 621681 times)

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Offline Permie

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Is bts Martketcap = Smartcoin + UIA Marketcap expected?

I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.

Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.

Total value of all SmartCoins is ~$6.3MM. Hmm..

Are a lot of the large-volume UIA's backed by real assets held in a hot wallet?
For example, a larger volume UIA is OPEN.BTC - which is at least perceptually backed by bitcoin. Is this ENTIRELY irrelvent to the value of bts?
The fact that bts can facilitate services for $3MM OPEN.BTC must have some (even if teeny tiny) effect on the psychological perception of value of the BTS 2.0 network?

The other largest volume UIA's are OBITS, OPEN.ETH, OPEN.MUSE ($17MM).
These UIA's are at least partially backed by real assets, albeit not the bts asset.

Do we know what the total volume of SmartCoins/UIAs was before the recent price increase?
« Last Edit: May 15, 2017, 03:39:23 pm by Permie »
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Offline biophil

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Is bts Martketcap = Smartcoin + UIA Marketcap expected?

I see no reason to expect this, and I believe the match you found is probably a coincidence. Why would ordinary UIAs have anything to do with the value of BTS? In principle, UIAs could have a market cap many thousands of times greater than BTS. There isn't really anything explicitly linking the two.

Smartcoins should be related because they're backed by BTS. Just add up the smartcoin mkt caps.
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Offline Permie

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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

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Thanks, I crudely added up the listed Market Cap for each Smartcoin AND UIA that have a trading volume of at least $0.3 per day to equal +/- $95MM.

Which is almost equal to the BitShares Market cap at time of posting of $100MM according to cryptofresh.

Is this public knowledge?
Is bts Martketcap = Smartcoin + UIA Marketcap expected?

Bts shareholders cannot easily raise the market cap of bts... but they certainly can increase the number of SmartCoins and UIAs available on the DEX.

Is the below image evidence that the price of bts is highly correlated to the volume of Smartcoins/UIAs?
If shareholders create smartcoins, and lockup bts in collateral, and increase the volume of SmartCoins does this translate directly into an increase in the price of bts?



Does the volume of SmartCoins on the DEX create a floor for the price of bts?
« Last Edit: May 15, 2017, 03:24:53 pm by Permie »
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Offline Thom

Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

Sent from my SM-G935T using Tapatalk

WOW! Welcome back to the forums Riverhead, long time no see.

Guys, this is one of the early BitShares pillars here, one of the core community members who helped to make BitShares what it is, particularly the BitShares community. Hope all is will in your world James, and hope to see more from you here in the future.
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline Riverhead

Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
Try cryptofresh.com

Sent from my SM-G935T using Tapatalk


Offline Permie

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Is there a way to view the total supply of bitUSD, bitGold, and all the SmartCoins?

I am wondering if the market cap of bts is anywhere near equal to 175% of the total value of all SmartCoins combined, due to the need for at least 175% collateral for every(?) SmartCoin.

What does the ratio of
                          MarketCap(BitShares) : MarketCap(total SmartCoin's)
tell investors?
JonnyBitcoin votes for liquidity and simplicity. Make him your proxy?
BTSDEX.COM

Offline mea123

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You guys sold some at 3000 with me right?   8)

it is really encouraging that so much ppl know everything
yes markets go up and down and often sideways
thats the nature of the game
and yes what goes up must come down, just none of you or anybody
will ever know when, why and less how much..all guesswork
some use Fibs
often markets go up and just retrace a bit, and than go up more..if this is a
possibility for you, just keep what you have and wait,
the buyers and seller are the pigs
If you dont believe in what you own, better dont own it in first place..
I love BTC and others as well, and I bet against it that BTC will be 1000 or less end of June

so we all have opinion, but thats a bout it..ask Warren Buffet about his strategy

PS: one thing is for sure,
one will be right and other will be wrong at the end, thats a 100% certain !

good luck guessing

chryspano

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afaik we are in Bitshares price discussion thread. Can we be ontopic?  :)

Offline Ander

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Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.

I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.

You literally picked the one I was least sure about on my entire list, but ok.  Dev is active in it, though not a lot of others are. 

I can assure you thats not the case for most of the coins I listed, which have quite active communities.

If you make a mistake on one, well, thats why you diversify.
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chryspano

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Does anyone know what is going on? Bts definetly is geting some attetion it deserves but all this sudden paranoia in almost all alts is not "normal"

I'd like to know that too. It's just crazy. Even for crypto markets.

I do enjoy it though, as long as it lasts  :D

I was reading another blog on steemit today https://steemit.com/cryptocurrency/@jrcornel/updated-steem-price-analysis-steem-tops-the-usd1-mark and this time I paid attention to the "Japan factor",  if this quote below is true, my wild guess is that part of the huge rise in price and trading volume both in BTS and STEEM might be the inclusion of BTS and STEEM in some of those exchanges, a very wild speculation, I know. In any case this huge rise in trading volume can only be a huge positive imo.

Quote
More than 10 brand new virtual currency exchanges are coming online right now in Japan. Plus, the consumption tax on virtual currency trading is being eliminated in June. That is causing massive demand from the region.

Offline mf-tzo

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You guys sold some at 3000 with me right?   8)

You jinx it..  :(

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Offline sahkan

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Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.

I randomly picked Rubycoin from your list and took a look at it. It has 1,200,000 coins pre mined and according to the block explorer https://chainz.cryptoid.info/rby/ there are only 3 nodes running - the owner of the 1,2MLN, the exchange and the block explorer is my guess... Good luck with your picks.

Offline Ander

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You guys sold some at 3000 with me right?   8)
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Offline Ander

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Take profits imo.  We got a 10x from the 300 level.

Dont sell it all!  Just take profits and diversify.  Dont be the noob who is in just one coin and has to suffer through its bear phases (like I was in 2014!) :D


I am diversifying into a lot of things that have not had huge 5-10x pumps recently. 
Well, a couple of these have risen a lot, but I like them.

Things I like now, by market cap:

Monero
Maidsafe
Stratis (wait for a pullback imo)
Siacoin
Syscoin
Komodo
Counterparty
Vertcoin
Ubiq
I/OCoin
Rubycoin
Burst
Supernet


Special mention to the three coins that were on polo and got delisted on my list: I/OCoin, Rubycoin, and Supernet.  Many of the coins that were delisted are crap, but these are NOT and it was a mistake for polo to delist them imo.  I researched the coins that were delisted because they all crashed, and these three stood out to me as being a mistake for polo to remove, and being undervalued due to the price crashing on delist.  Honestly they are all super undervalued now, entirely as a result of their delisting, which is the only reason they dropped.  I have been buying them since the delist.

IOC has a major release coming in the next two months.
Rubycoin was close to releaseing a trading app for poloniex (LOL polo), but will be doing it for bittrex instead.
Supernet is an NXT asset that holds a lot of crypto (IOTA, Komodo, etc), and is valued at well below the value of the assets it holds.

IOC and Ruby are on Bittrex.  Supernet sadly isnt and you have to go to NXT asset exchange to get it, so if thats too annoying you can skip that one. 


Diversify whatever of your cryptos have gone 10x recently like BTS, and put 5% of that amount into each of them on this list, and hold the remainder in BTC or even USD waiting for an altcoin correction.  This is extremely likely to perform better for you and also be safer than remaining in one coin that has pumped.
« Last Edit: May 09, 2017, 12:36:29 am by Ander »
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