Author Topic: Very disappointing BTS performance  (Read 5307 times)

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Offline clayop

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Re: Very disappointing BTS performance
« Reply #30 on: August 07, 2015, 03:26:34 am »
look at the ui of 2.0.that is shit.i know the reason why bts kept falling.coz dev suck

FUD failed
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Offline BunkerChainLabs-DataSecurityNode

Re: Very disappointing BTS performance
« Reply #31 on: August 07, 2015, 03:35:22 am »
I think people need to stop freaking out over the price so much. Everything right now is basically pure speculation until BitShares 2.0 comes out. Is anyone really surprised that the price is so low when BitShares 2.0 hasn't actually be implemented or proven yet? The ideas are amazing but unless there is a product that works then there's no real reason it SHOULD be valued any higher.

If you look at any crypto 2.0 project you can see that they all take much longer than expected to implement in a good way. Ethereum is the best example of this besides BTS. They were the golden child of crypto 2.0 for a long time, at a time when BitShares was having all kinds of problems and criticisms, and in recent months Ethereum has started to experience many of those problems themselves. Nobody is immune to it. Such is the nature of this industry. We're all exploring new territory here. It's not gonna be a quick and easy process.

That being said, even if (and possibly when) some of the other crypto 2.0 projects start climbing in value more quickly than BTS does, I'm not going to be extremely worried. Yes, market cap is generally a good indicator of the success of a crypto project, but BTS is essentially different from ANY other project that's on the market right now. It is a totally new model for a decentralized business. In many ways it borrows features from centralized businesses, and in many ways it borrows decentralization features that were pioneered by Bitcoin. That's why I always like the DAC moniker. It might not be the best term to use for legal purposes, but in many ways it's a great descriptor of BTS. BTS offers financial products, and our growth is going to depend on having solid software that allows for WORKING financial products that provide UTILITy. If that mission is accomplished, people will use the products, and REAL, SUSTAINABLE, NON-SPECULATIVE growth will follow from there.

Yes.. utility.. that's where it is at. At the end of the day, bitcoin is only king because you can actually use it to buy stuff.. while the rest are all limited to extremely small spaces. Major retailers are taking bitcoin.. and thats about it.

I want to remind everyone about what happened when iphone with apps came out and how Blackberry responded to it all when it happened. Blackberry couldn't even see how it would work.. how are carriers going to handle the bandwidth? All kinds of short sighted dismissive self interested thinking kept them from seeing the writing on the wall. I only bring this up because last week bytemaster used the rather apt comparison of bitshares 2.0 being like apple with apps platform.

The rest of crypto is in the same state.. they are the Blackberry who were cool and new and loved at one time.. but bitshares 2.0 is going to take it to a whole other level. Clearly the response thus far from most based on media has been to take a similar approach as blackberry.. dismiss, deny, distract.

No other crypto is going to have the same platform.. I agree.. it's a whole other beast.. consider however just how much PR this platform is going to be able to generate compared to others. Every month there is going to be new smart contracts, new exchanges, new companies all utilizing this platform.. the endless supply of news stories are going keep BTS front and center as the UTILITY to it all. I don't think I need to even get into the whole SmartCoin scape.

Hang your head low and bemoan only what you see at the end of your noise, or hold your head high and be able to see out to the horizon to the coming dawn... choice is yours what you want to look at. We all share our views in places like this in the hopes of having our world views validated and gain the connection we are really seeking from others.

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Offline emailtooaj

Re: Very disappointing BTS performance
« Reply #32 on: August 07, 2015, 03:50:31 am »

look at the ui of 2.0.that is shit.i know the reason why bts kept falling.coz dev suck

FUD failed

Krills' statements are just plain worthless and baseless. He ( or she?) would complain that a round pipe isn't round enough! Lol


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Offline emailtooaj

Re: Very disappointing BTS performance
« Reply #33 on: August 07, 2015, 03:52:24 am »
@datasecuritynode very nice comparison


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Offline donkeypong

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Re: Very disappointing BTS performance
« Reply #34 on: August 07, 2015, 04:49:58 am »

Tonyk is not a FUDer. He has contributed a lot over the years. His current posts are negative but they come from his true feelings; not a desire to spread FUD.

Once the bear market turns around and BTS starts to gain traction people's outlook will improve.

Hang in there, everyone. Each day brings us closer. Tonyk is a genius, not an FUDer. Anyone suggesting otherwise undervalues the depth of tonyk's passion for this project + his many contributions to our understanding of BitShares and of life on this planet. He's a little more honest than some of us.

Frankly, I don't see any reason to comment on krills; this poster has never written anything worth reading, let alone demanding of a response. By the way, "krill" is already plural; you don't need an 's'. Your English lesson for the day.
« Last Edit: August 07, 2015, 04:53:14 am by donkeypong »

Offline mint chocolate chip

Re: Very disappointing BTS performance
« Reply #35 on: August 07, 2015, 04:57:37 am »
BM saying that 90% of the code is finished in early June has bothered me too for the past month, it definitely made it seem like 2.0 was closer to ready than it probably was, and then the Bond Market gets pushed back to 2.1 so it seemed that that last 10% was just reduced further. I have since discovered the ninety-ninety rule...
Quote
Ninety-ninety rule
In computer programming and software engineering, the ninety-ninety rule is a humorous aphorism that states:

The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time.

—Tom Cargill, Bell Labs

... as it turns out with the anticipation and cheap prices I've ended up with more BTS than I have ever had.

Offline BunkerChainLabs-DataSecurityNode

Re: Very disappointing BTS performance
« Reply #36 on: August 07, 2015, 05:01:57 am »
BM saying that 90% of the code is finished in early June has bothered me too for the past month, it definitely made it seem like 2.0 was closer to ready than it probably was, and then the Bond Market gets pushed back to 2.1 so it seemed that that last 10% was just reduced further. I have since discovered the ninety-ninety rule...
Quote
Ninety-ninety rule
In computer programming and software engineering, the ninety-ninety rule is a humorous aphorism that states:

The first 90 percent of the code accounts for the first 90 percent of the development time. The remaining 10 percent of the code accounts for the other 90 percent of the development time.

—Tom Cargill, Bell Labs

... as it turns out with the anticipation and cheap prices I've ended up with more BTS than I have ever had.

Nice.. 90 90  +5%
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Offline Ben Mason

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Re: Very disappointing BTS performance
« Reply #37 on: August 07, 2015, 06:13:43 am »

Tonyk is not a FUDer. He has contributed a lot over the years. His current posts are negative but they come from his true feelings; not a desire to spread FUD.

Once the bear market turns around and BTS starts to gain traction people's outlook will improve.

Hang in there, everyone. Each day brings us closer. Tonyk is a genius, not an FUDer. Anyone suggesting otherwise undervalues the depth of tonyk's passion for this project + his many contributions to our understanding of BitShares and of life on this planet. He's a little more honest than some of us.

Frankly, I don't see any reason to comment on krills; this poster has never written anything worth reading, let alone demanding of a response. By the way, "krill" is already plural; you don't need an 's'. Your English lesson for the day.
I would agree with you about tonyk, but for the fact that a) he's sold out b) he is so dismissive of everyone else's efforts, patience, alternative view of the situation. It's not FUD, it's just worthless ranting and beneath someone of his intelligence and contribution. If we could know that the technology we are building with Bitshares would usher in 10,000 years of peace, harmony and equilibrium for the human race, what would we sacrifice? Tonyk apparently has reached his limit, good for him. Let the rest of us push on.

Offline tonyk

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Re: Very disappointing BTS performance
« Reply #38 on: August 07, 2015, 06:52:42 am »
On more than one occasion I have read my own posts in a day or two and have had hard time getting all that I meant with it (only partly kidding)..

The OP on the other hand was quite clear and well explained (obviously not), but let me put in another way:

When the lead developer of the project wants the BTS price to go down* who am I to argue with him. And as I have no other means to short BTS I did the next best thing - sold (not now but within days of the brownie points announcement) and am waiting for the price to at least cut in half to buy back.

And while I do not see many other excellent opportunities (in crypto) @ Riverhead, I am mainly disappointed that the falling of the price is so slow... :)

I will leave the usual reactions by quite a few of you - "FUD- to everything that you do not like guys"., and will comment on the bond thing - the bond thing was/is not anything great in its current form, so do not cry over it. Ever since BM started talking about the bond market I could not think of a elegant and good way to do it. BM claimed he has figured it out as way back as last summer. I will repeat for a hundredth time - the current solution is nothing to jump in joy for. So in a way of 'speeding' things up the bond non-inclusion is a good thing, imho.

* Counting your few ( less then about 100) with any significant holdings even by the lowest standards) obedient followers when you can have a product that can bring thousands of new once. Product that is in virtual standstill for a good 9 mo.; is a clear signal to the market - this thing (BTS) is overpriced and we (I3, CNX, BM) either do not care about its price  or even want it to go lower...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

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Re: Very disappointing BTS performance
« Reply #39 on: August 07, 2015, 07:43:17 am »
I think people need to stop freaking out over the price so much. Everything right now is basically pure speculation until BitShares 2.0 comes out. Is anyone really surprised that the price is so low when BitShares 2.0 hasn't actually be implemented or proven yet? The ideas are amazing but unless there is a product that works then there's no real reason it SHOULD be valued any higher.

If you look at any crypto 2.0 project you can see that they all take much longer than expected to implement in a good way. Ethereum is the best example of this besides BTS. They were the golden child of crypto 2.0 for a long time, at a time when BitShares was having all kinds of problems and criticisms, and in recent months Ethereum has started to experience many of those problems themselves. Nobody is immune to it. Such is the nature of this industry. We're all exploring new territory here. It's not gonna be a quick and easy process.

That being said, even if (and possibly when) some of the other crypto 2.0 projects start climbing in value more quickly than BTS does, I'm not going to be extremely worried. Yes, market cap is generally a good indicator of the success of a crypto project, but BTS is essentially different from ANY other project that's on the market right now. It is a totally new model for a decentralized business. In many ways it borrows features from centralized businesses, and in many ways it borrows decentralization features that were pioneered by Bitcoin. That's why I always like the DAC moniker. It might not be the best term to use for legal purposes, but in many ways it's a great descriptor of BTS. BTS offers financial products, and our growth is going to depend on having solid software that allows for WORKING financial products that provide UTILITy. If that mission is accomplished, people will use the products, and REAL, SUSTAINABLE, NON-SPECULATIVE growth will follow from there.
+5%
This is exactly what I think.

Offline cass

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Re: Very disappointing BTS performance
« Reply #40 on: August 07, 2015, 08:27:48 am »
I think people need to stop freaking out over the price so much. Everything right now is basically pure speculation until BitShares 2.0 comes out. Is anyone really surprised that the price is so low when BitShares 2.0 hasn't actually be implemented or proven yet? The ideas are amazing but unless there is a product that works then there's no real reason it SHOULD be valued any higher.

If you look at any crypto 2.0 project you can see that they all take much longer than expected to implement in a good way. Ethereum is the best example of this besides BTS. They were the golden child of crypto 2.0 for a long time, at a time when BitShares was having all kinds of problems and criticisms, and in recent months Ethereum has started to experience many of those problems themselves. Nobody is immune to it. Such is the nature of this industry. We're all exploring new territory here. It's not gonna be a quick and easy process.

That being said, even if (and possibly when) some of the other crypto 2.0 projects start climbing in value more quickly than BTS does, I'm not going to be extremely worried. Yes, market cap is generally a good indicator of the success of a crypto project, but BTS is essentially different from ANY other project that's on the market right now. It is a totally new model for a decentralized business. In many ways it borrows features from centralized businesses, and in many ways it borrows decentralization features that were pioneered by Bitcoin. That's why I always like the DAC moniker. It might not be the best term to use for legal purposes, but in many ways it's a great descriptor of BTS. BTS offers financial products, and our growth is going to depend on having solid software that allows for WORKING financial products that provide UTILITy. If that mission is accomplished, people will use the products, and REAL, SUSTAINABLE, NON-SPECULATIVE growth will follow from there.
+5%
This is exactly what I think.

well said
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Offline btswildpig

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Re: Very disappointing BTS performance
« Reply #41 on: August 07, 2015, 09:30:57 am »
Would you believe me if I tell you I've predicted the price of BTS in the past months and maybe in the up coming months ?

I've done that based on the K-Chart , not the news/performance/expectations ...... etc .

Of course I'm not Ander , I won't brag about how much I made or lost from the prediction .

But it confirmed my suspicion all along after I've been digging into technical trading .

Which is , the move of the price generates and confirms expectations  , not the other way around .

With enough money and inventory of a specific stock , the manipulators can drive up the price and tell people the price is rising because of some achievements (it doesn't matter when the said achievement happened , it can even be old news 6 months ago ) .

During these moves , his attempt will be countered with other market players and leave trails of their fights , which is the K-chart .

And if the good news happened at the time when the manipulators didn't have the money of inventory to make a killing profit  , he will do nothing or even push the price down just to get more inventory .


Which by the way , the release of 2.0 may not be the magical day for the price . But when the price goes up , some people will automatically think the price goes up because of its release .

You have your reasons from the selling , but in a technical trading point of view , the selling was bound to happen , either from you because of your disappointment , or some other guy because of his financial troubles or trading habit . Also , when there is a time to go up , some people will buy BTS because they have high expectations of 1 sec confirmation time , but more people will buy it because of the rise itself .

Speculative drive is and always will be a main factor in the price . MONEY don't know what is 1 sec confirmation time ,  nor does he care . And USERS don't have money to maintain a certain price forever .

Some people think without speculative purpose BTS can grow . That's wrong . If people do not have speculative purpose , NO BitAssets will be created . Nobody will short BitAssets without a clear expectation that the price of BTS will go up .  The bigger the size of BitAsset is , the bigger of the speculative actively will be .

I can make a prediction : Even if 2.0 release TODAY , it will not have any effect on the price , because that's what it says in the K-Chart .

Good move on selling the BTS at a relatively high price before the drop though . But it's just luck .....If you don't know why you had that luck , you may sell it right before the next rise because of another disappointment .
« Last Edit: August 07, 2015, 09:37:10 am by btswildpig »
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.

Offline Riverhead

Re: Very disappointing BTS performance
« Reply #42 on: August 07, 2015, 09:38:50 am »
Which is , the move of the price generates and confirms expectations  , not the other way around .

Speculative drive is and always will be a main factor in the price . MONEY don't know what is 1 sec confirmation time ,  nor does he care . And USERS don't have money to maintain a certain price forever .

This.

Offline xeroc

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Re: Very disappointing BTS performance
« Reply #43 on: August 07, 2015, 09:48:23 am »
BTS != money .. its stock and I know for a fact that people just don't know what BTS is all about (is it not yet another altcoin?!)
bitUSD = money .. and no-one cares about it's "price" (some do about its value, but that is out of our hands)
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Offline btswildpig

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Re: Very disappointing BTS performance
« Reply #44 on: August 07, 2015, 09:55:03 am »
BTS != money .. its stock and I know for a fact that people just don't know what BTS is all about (is it not yet another altcoin?!)
bitUSD = money .. and no-one cares about it's "price" (some do about its value, but that is out of our hands)

Actually , the Price of a LARGE BATCH of BitUSD is affected by the price of BTS because of the market depth .

Its fiat value also fluctuates in reality .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.