Author Topic: Market Report  (Read 10542 times)

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Offline Riverhead

Re: Market Report
« Reply #60 on: August 14, 2014, 07:50:24 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

Offline biophil

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Re: Market Report
« Reply #61 on: August 14, 2014, 08:50:07 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

As long as you don't think there will be a grand PTS price crash post-snapshot... FWIW, the snapshot announcement had a small enough impact on the PTS price that there may not be much to worry about, but I'm keeping my BTSX right where they are. :)

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Offline tonyk

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Re: Market Report
« Reply #62 on: August 14, 2014, 09:05:01 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

Actually I have pretty strong opinion on this matter but I will send it to you (and anybody asking specifically) by PM. I have my reasons for that...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline tonyk

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Re: Market Report
« Reply #63 on: August 17, 2014, 07:57:43 pm »
Nice looking order book! If you are bullish of course!
 (look at the ask side)




Typical order book.


Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline CLains

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Re: Market Report
« Reply #64 on: August 18, 2014, 02:08:00 pm »
Indeed, I am amazed at how well BTSX is holding up this BTC storm!

https://coinmarketcap.com/currencies/bitshares-x/
https://coinmarketcap.com/currencies/bitshares-pts/

Hopefully it means we have a lot of bulls and investors who are independent of BTC.

Offline xeroc

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Re: Market Report
« Reply #65 on: August 18, 2014, 02:18:04 pm »
Hopefully it means we have a lot of bulls and investors who are independent of BTC.
What's BTC?  :P
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Re: Market Report
« Reply #66 on: August 18, 2014, 02:36:26 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

thank you!

Offline tonyk

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Re: Market Report
« Reply #67 on: August 18, 2014, 02:37:17 pm »
Hopefully it means we have a lot of bulls and investors who are independent of BTC.
What's BTC?  :P

You are too young to remember this coin. ...It is dead now, but was the biggest crypto at one point in time. You kids should study more history at school.   :)
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline xeroc

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Re: Market Report
« Reply #68 on: August 18, 2014, 02:52:45 pm »
... study more history at school.   :)
I have a dream .. that one day ... they teach blockchain DPOS in school :)

// edit: fixed typo :P
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Offline liondani

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Re: Market Report
« Reply #69 on: August 18, 2014, 02:56:34 pm »
... study more history at school.   :)
I have a dream .. that one day ... they teach blockchain DPOS in school :)

// edit: fixed typo :P

worst case scenario for us is we have a teacher job in future  :P

Offline Akado

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Re: Market Report
« Reply #70 on: August 18, 2014, 06:35:20 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

But isn't PTS supposed to crash (in theory) after a snapshot? I would say it's a risky move and would also like to know why you think that wont happen (if you could explain of course)
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Offline Riverhead

Re: Market Report
« Reply #71 on: August 18, 2014, 06:38:29 pm »
3.Putting all eggs in one basket is not recommended strategy, but if you consider crypto currency as just one egg in your basket, I find it not too risky too put  all my money on that one thing I see most viable.

I went with a more balanced BTSX/PTS approach.  Although there is no reason you can't shift back and forth between them depending on the situation. For example we know there is a double snapshot coming Aug 21st. One has to think how likely is it that BTSX is going to move a lot between now and the 22nd. It could make sense to shift your balance from BTSX to PTS, let the snapshot happen, then back to BTSX where it's warm and safe.

I'm sure this strategy isn't even remotely novel to anyone here :) .

Signed,
Cpt. Obvious

But isn't PTS supposed to crash (in theory) after a snapshot? I would say it's a risky move and would also like to know why you think that wont happen (if you could explain of course)


It probably will go down to where it is now I'm thinking. It'll probably spike a bit right before the snapshot but my thinking is that anyone that wants PTS already has them so there isn't much reason for a big spike. Also how well these two DACs are received will determine the value of PTS a lot.


Although I said that was my strategy I'm having second thoughts :).  PTS is stagnating before the snapshot more than I expected but BTSX has already had it's first value bump. I'm a bit reluctant to leave BTSX right now.

Offline donkeypong

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Re: Market Report
« Reply #72 on: August 18, 2014, 07:33:01 pm »

It probably will go down to where it is now I'm thinking. It'll probably spike a bit right before the snapshot but my thinking is that anyone that wants PTS already has them so there isn't much reason for a big spike. Also how well these two DACs are received will determine the value of PTS a lot.


Although I said that was my strategy I'm having second thoughts :).  PTS is stagnating before the snapshot more than I expected but BTSX has already had it's first value bump. I'm a bit reluctant to leave BTSX right now.

Fascinating to watch, isn't it? I wouldn't have thought PTS would tank today. But BitShares X has moved so fast and we are promised this BitUSD soon, so I can sure see how people find that more enticing than DNS and Vote. I want them all. Personally, I'm hoping that Amazon or Paypal don't announce something big about Bitcoin in the next little while, because I've sold almost all my BTC to stock up on PTS and BTSX.

Offline chryspano

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Re: Market Report
« Reply #73 on: August 18, 2014, 07:55:22 pm »
Maybe this time we will not see a huge rise and drop in PTS price, most people that already know about PTS and future dacs have LOTS of AGS already and there is no need to invest more in PTS at this poin. Last months you could almost get x5 AGS for every PTS you spent to the Angel address. Any increase to PTS price could be from new investors, but most people don't even know about BTSX, so there is small demand for PTS and the snapshot. Also I think that most people would sell(or already sold) before the snapshot if the price was right just because they have lots of AGS. But I could be wrong.

Offline donkeypong

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Re: Market Report
« Reply #74 on: August 18, 2014, 10:06:41 pm »
True, but as far as I can see, the only reason to get out of PTS is if one is extremely excited about BTSX and needs to pay for it somehow. Otherwise, why have people held it until now only to flake out the week of a dual snapshot?