Author Topic: help! do i understand?  (Read 1894 times)

0 Members and 1 Guest are viewing this topic.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2873
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan
Re: help! do i understand?
« Reply #15 on: March 12, 2014, 04:31:54 am »
All those weak hands dumping PTS for Sheepcoin and Trendcoin? They'll be looking back and thinking, "I could have been a contender."

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline vlight

  • Sr. Member
  • ****
  • Posts: 275
    • View Profile
  • BitShares: vlight
Re: help! do i understand?
« Reply #16 on: March 12, 2014, 01:27:04 pm »
Yeah, unfortunately it's too late to invest in BTS X since the snapshot for the genesis block was February 28th; however, you will be be able to buy BTS as soon as the client becomes available.  If the recent poll is any indicator, ~130,000 shares should be available when the market opens (sellers willing to sell between $1-5) but you'll have to act quickly because I'm almost certain a large number of people will short bitUSD since the expectation is that BTS will be more valuable which will drive the price of BTS up.
What if i will not short bitUSD? What will i miss? Will i still make money by selling Bitshares X for more money then i bought on the exchange like Cryptsy?  :o

Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2331
    • View Profile
Re: help! do i understand?
« Reply #17 on: March 12, 2014, 04:26:06 pm »
Just keep your Bitshares then. They should go way up.

bitbro

  • Guest
Re: help! do i understand?
« Reply #18 on: March 12, 2014, 05:17:02 pm »
Can someone elaborate on their plan to short BitUSD


Sent from my iPhone using Tapatalk

Offline maqifrnswa

  • Hero Member
  • *****
  • Posts: 661
    • View Profile
Re: help! do i understand?
« Reply #19 on: March 12, 2014, 05:33:37 pm »
Can someone elaborate on their plan to short BitUSD


Sent from my iPhone using Tapatalk

if you think the value of bitshares is going up, you short sell BitUSD. You are essentially borrowing USD from the network to buy bitshares. When the price of bitshares is high, you will sell your bitshares, pay off your debt in USD, and have more bitshares than you started off with.
maintains an Ubuntu PPA: https://launchpad.net/~showard314/+archive/ubuntu/bitshares [15% delegate] wallet_account_set_approval maqifrnswa true [50% delegate] wallet_account_set_approval delegate1.maqifrnswa true

merockstar

  • Guest
Re: help! do i understand?
« Reply #20 on: July 16, 2014, 07:19:39 pm »
We post every development as soon as it occurs.

How fast it all happens depends on how many developers and partners we can get working in parallel.

Browse the forum - there's enough there to whet any whistle!

 :)

Now there is  8)

Looking back, I can't believe how uninformed I was when I made these posts.