Author Topic: Market Report  (Read 10543 times)

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Offline Empirical1

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Re: Market Report
« Reply #75 on: August 18, 2014, 10:10:23 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?

Because their PTS would/should achieve the maximum selling price right before the dual snapshot.
 

Offline xeroc

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Re: Market Report
« Reply #76 on: August 18, 2014, 10:11:42 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?
1) Donate to AGS using PTS
2) wait for snapshot annoucment
3) sell pts when high
4) get your shares from AGS
5) buy low after snapshot

sounds reasonable to me
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Offline tonyk

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Re: Market Report
« Reply #77 on: August 18, 2014, 10:26:55 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?
1) Donate to AGS using PTS
2) wait for snapshot annoucment
3) sell pts when high
4) get your shares from AGS
5) buy low after snapshot

sounds reasonable to me

You must teach me the trick to do both 1) and 3) and in that order ...  :)
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline donkeypong

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Re: Market Report
« Reply #78 on: August 18, 2014, 11:07:36 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?
1) Donate to AGS using PTS
2) wait for snapshot annoucment
3) sell pts when high
4) get your shares from AGS
5) buy low after snapshot

sounds reasonable to me

That was reasonable when AGS existed. I'm talking about today, this week. Why would people sell PTS if not to buy BTSX?

Offline tonyk

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Re: Market Report
« Reply #79 on: August 18, 2014, 11:11:39 pm »
@  donkeypong

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?

Because their PTS would/should achieve the maximum selling price right before the dual snapshot.


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« Last Edit: August 18, 2014, 11:19:08 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Empirical1

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Re: Market Report
« Reply #80 on: August 19, 2014, 12:34:04 am »
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?
1) Donate to AGS using PTS
2) wait for snapshot annoucment
3) sell pts when high
4) get your shares from AGS
5) buy low after snapshot

sounds reasonable to me

That was reasonable when AGS existed. I'm talking about today, this week. Why would people sell PTS if not to buy BTSX?

If you don't like the snapshot or you think you can buy in cheaper post launch. In my case I'm a PTS seller now, but it was a close call.

My personal decisions

1. The alt-coin market is in a downturn, very negative, to be tied up now.
2. I couldn't value the Vote DAC at all. It looks interesting but Adamkernest has not been very active since the announcement. I have no idea what their short term business plan/approach is. There is limited interest at the moment. So personally I felt it had limited pre-snapshot value.
3. I like the DNS DAC. Toast is great and I think it looks strong.  I also think people like Clains in particular have done a good job in general putting the word out a bit. Hard to value post launch, mine was wide $2.5-10 Million.

Judging by investor interest, PTS volumes. I have a feeling you're not going to be missing out hugely value wise if you sell now and buy post-launch, so given the downturn in the alt-coin market & given I've already got some AGS. It made sense to me to sell some PTS.   

I have BTC but otherwise, BitShares is literally the only thing you want to be invested in right now imo. (I have a little NXT hedge left, sold 63% in the last few days, a little XCP hedge, sold 1/2 of that to buy more BTSX 2 weeks ago too )

Offline donkeypong

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Re: Market Report
« Reply #81 on: August 19, 2014, 12:35:41 am »
Yeah, I got ya. For a pump and dump, I would have waited a bit longer, though. It's all good; I'll buy more if others keep dumping.

Offline xeroc

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Re: Market Report
« Reply #82 on: August 19, 2014, 07:56:08 am »
You must teach me the trick to do both 1) and 3) and in that order ...  :)
Just wanted to give a reasoning for why people might not be holding!
If they were to donate to AGS they probably do not PTS and waited for them to rise before a snapshot!
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Offline mf-tzo

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Re: Market Report
« Reply #83 on: August 20, 2014, 05:51:31 pm »
so....with the coming snapshot any speculation about pts price? 

personally i don't think it will go more than 0.0087 prior to snapshot. I have no opinion though about the price the days that will follow after...

Offline donkeypong

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Re: Market Report
« Reply #84 on: August 20, 2014, 11:13:46 pm »
so....with the coming snapshot any speculation about pts price? 

personally i don't think it will go more than 0.0087 prior to snapshot. I have no opinion though about the price the days that will follow after...

I think PTS will go lower than it might have at another time. I sense that people are pouring any disposable income they have into BTSX right now, which probably means that post-snapshot PTS will take a hit also. Can't blame them; the future of money and banking is taking shape before our eyes. All the same, I plan to load up on PTS, because all this interest in Bitshares X will be great marketing for the next round of BitShares DACs.

Offline Riverhead

Re: Market Report
« Reply #85 on: August 20, 2014, 11:16:29 pm »
All the same, I plan to load up on PTS, because all this interest in Bitshares X will be great marketing for the next round of BitShares DACs.


Ditto. I too am looking forward to the PTS door crasher sale on the 22nd/23rd. While BitsharesX has the spotlight and the glamour something like BitShares Domains and perhaps a gambling DAC could be silent and consistent income.

Offline donkeypong

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Re: Market Report
« Reply #86 on: August 20, 2014, 11:37:31 pm »

While BitsharesX has the spotlight and the glamour something like BitShares Domains and perhaps a gambling DAC could be silent and consistent income.

Absolutely. And let's not forget BitShares Music, which has always been my favorite. If they ever get that thing off the ground, and if they beat Amazon and Apple into the crypto space, that one could be enormous.

Offline Riverhead

Re: Market Report
« Reply #87 on: August 20, 2014, 11:47:44 pm »

While BitsharesX has the spotlight and the glamour something like BitShares Domains and perhaps a gambling DAC could be silent and consistent income.

Absolutely. And let's not forget BitShares Music, which has always been my favorite. If they ever get that thing off the ground, and if they beat Amazon and Apple into the crypto space, that one could be enormous.
I had forgotten about that one. Makes your head spin.

Offline mf-tzo

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Re: Market Report
« Reply #88 on: August 21, 2014, 11:03:25 am »
I agree with all that but it seems that people have underestimated a lot DNS... I would expect today that PTS skyrockets and that's not the case and my guess is because there is much confusion about the total supply upon launching so people can figure out fait PTS value based on estimated market cap... In any case I am not selling at this price my few remaining PTS....

Offline tonyk

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Re: Market Report
« Reply #89 on: August 21, 2014, 06:13:59 pm »
I will give 1000 BTSX to anybody who gives me a good explanation why his/her PTS from before the end of the AGS donation period  are not in the AGS fund already! (This prize has about $1,000,000 value in about 2-2,5 years in my estimation.)

The only way it makes sense is if you do not like one particular upcoming DAC and you want to sell them PTS shortly before its snapshot day and buy them after it. But which one don't you like? Music - great potential (even though I do not know if anybody is actually developing it). HackerFish is making the lottery (play) DAC into something great - not a simple  casino but a platform for the casinos! Truthcoin is probably just a centralize business on a blockchain, but even so the potential market is in the hundred of millions or revenue....

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