Well I do not intend to offend you, but I think you need to learn more about investing and market reactions in supply/demand... we were all informed for several weeks there would be a snapshot taken on february 28th... so by setting such a deadline for the reward of BTS, there will be a natural increase in demand as people want to be apart of that, and naturally once the snapshot is taken, there is no longer a reason for them to hold on to PTS with this method of investing... so they immediately started selling off before demand dropped and prices as well dropped with it...
I believed that people would want to keep their PTS as this supposed to be an asset that will give you dividends in future DACs. It is not like I3 promissed something and didn't deliver, lied or did something wrong to affect the price so dramatically. This was like when Baidu stopped to accept BTCs or Gox bankrupted...I think that in a more liquid and mature market this wouldn't happen. In contrast, the demand for PTS should have increased since I3 who is behind did everything correctly. But this didn't happen. People are speculating too much all the time and this is no good.In the past investors would keep their stocks for 7 years. Nowdays, nobody keep their investment more than 7 months and in cryptocurrencies time is much much lesser.
Bitcoin millionaires are millionaires because they believed in Bitcoin and were not selling their BTCs. I though that this should have happened with PTS, but unfortunatelly I was wrong...
Other than that I agree with all your reasoning. Unfortunatelly I know nothing about mining and I definitelly have a lot to learn about cryptocurrencies. I am strangling to understand as much as possible but it is really difficult for an average investor with no much IT knowledge to follow up. You guys are able to see and analyse valuable data and information that most people can't. I will get there eventually...After all if you don't pay you don't learn...
well people have less reason to keep their PTS currently, as there is no market driven data that would lend more value to it... supply and demand... this happens ALL the time in the stock market...
people buy and sell stocks constantly based upon future outlooks... if stocks traded for what the company was worth today, as in, they would be 30x less expensive to purchase... but folks are betting on the future and where the company will go... today right now, invictus has no announcement as to when the next DAC will come out... for an invester that means your money, is sitting there not "working" for you at the moment... its in limbo... you would make more profit putting it in other places that are creating an increased value... the value has already been realized with PTS today...
now when invictus announces, hey guys we're taking a snapshot onnnnn lets make up a date of July 4th... investors will want to get ahead of that, some sooner, some later, depending where their money is working for them today and generating more or less revenue for them... those getting little return someplace else, will be likely to buy in early to maximize their returns since their money is doing little for them now... those making good gains someplace else will come to the game late as they are already making profits... this is the natural rise and fall of all markets...
in a good year the orange crop has so many oranges, and not enough demand the price goes down per orange... in a bad year, people still want orange juice, but there are less oranges on the trees, so demand rises and prices do as well... so we all know when growing season is, and during growing season we can see how the crops are turning out and speculate on final results... this is like the buildup before the harvest... now after the harvest, there are no oranges on the trees... so prices drop or rise as we're already on to next years crops and speculations, but in the meantime, does it make sense to hold on to them... well that depends on a few things... did the value of orange shares drop so much, its worth the risk to hold on to them for next years crop, or did you profit so much from the orange shares it makes sense to sell them, because its unlikely for the next 6 months the number will be any higher?
I'm trying to think of a good way to explain it, and since I'm having orange juice right now, thats the best...
P.S. this is also more complex because the value has been split among two different shares now... PTS and BTS... so one may over time hold more value than the other... only time will tell how each is developed upon...
