so many week hands?

[Empirical1]

Do we have an announcement post at BTT?

I did start a thread about BitShares X myself, but it's literally just me talking to myself -  https://bitcointalk.org/index.php?topic=675455.0 

I think they are discussing starting some proper BTT threads here  https://bitsharestalk.org/index.php?topic=6016.0

Edit: (In my defence this thread I started about PTS did generate more interest, with the help of Clout and others
https://bitcointalk.org/index.php?topic=664146.0  )

Would love some more input from this forum in this thread.  If there is another thread other than the one friendofbitshares started I would love a link too.

  & Thanks for your input there Puppies, helping people out with registration BTSX and the demo web wallet.

I will definitely remember it when voting (When I can get a wallet working on my system.) 

[puppies]

Do we have an announcement post at BTT?

I did start a thread about BitShares X myself, but it's literally just me talking to myself -  https://bitcointalk.org/index.php?topic=675455.0 

I think they are discussing starting some proper BTT threads here  https://bitsharestalk.org/index.php?topic=6016.0

Edit: (In my defence this thread I started about PTS did generate more interest, with the help of Clout and others
https://bitcointalk.org/index.php?topic=664146.0  )

Would love some more input from this forum in this thread.  If there is another thread other than the one friendofbitshares started I would love a link too.

[stuartcharles]

It's not complicated: only part of the supply was trading previously. Everyone could buy, a small fraction could sell. So the previous cap was inflated. If the exchanges hadn't traded their snapshot, this would be the starting price.

I like your conclusion toast, seems reasonable.

[Empirical1]

Has anyone started working on getting the other exchanges to list BTSX?  Do we have an announcement post at BTT?

With those volumes they will break their legs to list BTSX themselves, imho.

 

I guess they may need some technical assistance though so should probably try make contact directly I guess with some of the main ones (Though BTCE doesn't seem to list any new things)

[Empirical1]

Do we have an announcement post at BTT?

I did start a thread about BitShares X myself, but it's literally just me talking to myself -  https://bitcointalk.org/index.php?topic=675455.0 

I think they are discussing starting some proper BTT threads here  https://bitsharestalk.org/index.php?topic=6016.0

Edit: (In my defence this thread I started about PTS did generate more interest, with the help of Clout and others
https://bitcointalk.org/index.php?topic=664146.0  )

[puppies]

Has anyone started working on getting the other exchanges to list BTSX?  Do we have an announcement post at BTT?

[clout]

"everyone could buy" in theory but in practice ppl aren't going to put there money on a Chinese exchange when they can't even withdraw the btsx and don't know what it is.  I would never use bter unless trying to buy pts and I would not have even heard about btc38 if I were not apart of this community. If it gets on mintpal, bittrex, poloniex and cryptsy there will be ample demand.

I've been using bter for a long time and have found them quite reliable.  They have Two Factor Authentication and separate passwords for log in and fund transfers.  IMHO they have stood the test of time with smooth reliable service and a good amount of coin variety. That said I don't use them as a web wallet but that's just common sense for any exchange.

I'm not talking about how reliable they are I'm more talking about their btc volume. It's just not as conducive to trading as other sites that have a volume upwards of 500 btc. I'm not chinese, I don't trade in yuan. I trade in USD and BTC. So when the market opens up to other exchanges that have greater volume in btc and have usd at all, I would imagine there will be a price swing upwards. Obviously this is speculation, but this has been my experience over the last 3 months.

[Empirical1]

CNY volume outstrips BTC/BTSX volume 2/3 to 1, I don't think there is a single DAC/Coin where CNY/ volume even matches BTC/   1 to 1. On the one hand it is fantastic that we have appealed to the Chinese market much more than anything else out there but it also points at our failure to reach the English/Western market imo.

PTS /CNY has had bigger (sometimes 10x bigger) volume than PTS/BTC since at least March.


And believe it or not, not everything is marketing/PR. In very few occasion the rational for things is called market. I know it comes somewhat as a surprise to you Empirical1. 

I know it has bigger volume for a while. I have been bringing up that subject PTS/CNY for a while.

I know there are many investors who know very little about markets. One even thought the range for BTSX would be $2-15 million... I tried to buy from him at $21 million but he wouldn't sell

He sold at $31 mil remember 
He likes his profit from that deal 

Last night he bout at 0.0000147   , small amount but still 

Yes that's true I forgot. He was a smart investor and did do a good deal actually 

[Simeon II]

CNY volume outstrips BTC/BTSX volume 2/3 to 1, I don't think there is a single DAC/Coin where CNY/ volume even matches BTC/   1 to 1. On the one hand it is fantastic that we have appealed to the Chinese market much more than anything else out there but it also points at our failure to reach the English/Western market imo.

PTS /CNY has had bigger (sometimes 10x bigger) volume than PTS/BTC since at least March.


And believe it or not, not everything is marketing/PR. In very few occasion the rational for things is called market. I know it comes somewhat as a surprise to you Empirical1. 

I know it has bigger volume for a while. I have been bringing up that subject PTS/CNY for a while.

I know there are many investors who know very little about markets. One even thought the range for BTSX would be $2-15 million... I tried to buy from him at $21 million but he wouldn't sell

He sold at $31 mil remember 
He likes his profit from that deal 

Last night he bout at 0.0000147   , small amount but still 

[Riverhead]

"everyone could buy" in theory but in practice ppl aren't going to put there money on a Chinese exchange when they can't even withdraw the btsx and don't know what it is.  I would never use bter unless trying to buy pts and I would not have even heard about btc38 if I were not apart of this community. If it gets on mintpal, bittrex, poloniex and cryptsy there will be ample demand.

I've been using bter for a long time and have found them quite reliable.  They have Two Factor Authentication and separate passwords for log in and fund transfers.  IMHO they have stood the test of time with smooth reliable service and a good amount of coin variety. That said I don't use them as a web wallet but that's just common sense for any exchange.

[clout]

"everyone could buy" in theory but in practice ppl aren't going to put there money on a Chinese exchange when they can't even withdraw the btsx and don't know what it is.  I would never use bter unless trying to buy pts and I would not have even heard about btc38 if I were not apart of this community. If it gets on mintpal, bittrex, poloniex and cryptsy there will be ample demand.

[toast]

It's not complicated: only part of the supply was trading previously. Everyone could buy, a small fraction could sell. So the previous cap was inflated. If the exchanges hadn't traded their snapshot, this would be the starting price.

[Empirical1]

CNY volume outstrips BTC/BTSX volume 2/3 to 1, I don't think there is a single DAC/Coin where CNY/ volume even matches BTC/   1 to 1. On the one hand it is fantastic that we have appealed to the Chinese market much more than anything else out there but it also points at our failure to reach the English/Western market imo.

PTS /CNY has had bigger (sometimes 10x bigger) volume than PTS/BTC since at least March.


And believe it or not, not everything is marketing/PR. In very few occasion the rational for things is called market. I know it comes somewhat as a surprise to you Empirical1. 

I know it has bigger volume for a while. I have been bringing up that subject PTS/CNY for a while.

I know there are many investors who know very little about markets. One even thought the range for BTSX would be $2-15 million... I tried to buy from him at $21 million but he wouldn't sell

[Simeon II]

CNY volume outstrips BTC/BTSX volume 2/3 to 1, I don't think there is a single DAC/Coin where CNY/ volume even matches BTC/   1 to 1. On the one hand it is fantastic that we have appealed to the Chinese market much more than anything else out there but it also points at our failure to reach the English/Western market imo.

PTS /CNY has had bigger (sometimes 10x bigger) volume than PTS/BTC since at least March.


And believe it or not, not everything is marketing/PR. In very few occasion the rational for things is called market. I know it comes somewhat as a surprise to you Empirical1. 

[wesphily]

I'm not terrible with a computer/server/san and I can't open the wallet.

[Empirical1]

Not sure you are correct "The 'mainstream' audience they were targeting obviously haven't shown up at the exchanges. " someone has shown up, its been the third largest traded coin after bitcoin and litecoin so plenty of buyers.

Still no answer to my original question "whos holding the week hands". Why are so many holders selling? the buying doesn't surprise me, but, whos giving it to them at such a discount?

The volume is Chinese - 70% CNY/BTC and 85%+ on BTC38 which I think is mostly a Chinese userbase. (Even though they have an English site too.) So whoever has handled marketing for the Chinese audience has done a fantastic job. The Chinese may also just be smarter.

I believe most of our marketing material  has been directed at an English speaking audience and that is where we seem to have failed. (Our BTC/BTSX volume is not even in the top 10.)

CNY volume outstrips BTC/BTSX volume 2/3 to 1, I don't think there is a single DAC/Coin where CNY/ volume even matches BTC/   1 to 1. On the one hand it is fantastic that we have appealed to the Chinese market much more than anything else out there but it also points at our failure to reach the English/Western market imo.

Edit: I stand corrected there is one - PTS - $35 000 24 hr CNY volume and $3600 BTC volume. 10-1 difference. 

At least the product can sell itself now to the Western audiences. Once they get it, and the BTC volume gets in line with the rest of the market vs. CNY, the value of this will be massive & that could all happen very quickly imo. I still can't open it in Windows myself, but I'm terrible with computers.

[luckybit]

I see nearly 0.5 million traded today which despite the 25% loss is still great news (for every seller there has to be a buyer) however, the volume of sellers took me by surprise.  Its there a rational explanation? coders needing to pay rent, eat, ect. Or an exchange with a bag full of something they don't understand?

Please let me know your thoughts

There are miners with tens of millions of millions of Bitshares. People who mined protoshares from the cloud and had 10,000-20,000 protoshares.

So now they would have like 10,000,000-20,000,000 protoshares. They have to pay for all that cloud mining for the past 6+ months.

[stuartcharles]

Yeah there was always a chance there would be a dip when the exchanges allowed deposits. (A lot of supply up for sale at once.) It's actually holding up pretty well.

It's strange when you consider the amount of IPO'S where investors/donators make money from weak products, and now you have the most awesome product ever, where people have had their money tied up for months and the fact that some IPO investors & donators have lost money is obviously disappointing. 

I think it's possible this could go down in the record books as an um, 'significant' marketing failure. 
The 'mainstream' audience they were targeting obviously haven't shown up at the exchanges.
In terms of a marketing strategy targeting the alt-coin market,  the people who would be buying BTSX at this stage, until the last month when a handful of people started posting on forums trying to inform people and create a buzz there was literally no BTT/forum based marketing campaign.

Having said that I'm INCREDIBLY confident in BTSX. This is just going to have to be one of the times where the product sells itself.

The info website has a great look http://bitshares-x.info/ and once people start downloading the wallet and chatting about it. It's going to the moon.

Edit: I will be shocked if BitShares X isn't sitting at, at least no. 5 in a week or two.

Not sure you are correct "The 'mainstream' audience they were targeting obviously haven't shown up at the exchanges. " someone has shown up, its been the third largest traded coin after bitcoin and litecoin so plenty of buyers.

Still no answer to my original question "whos holding the week hands". Why are so many holders selling? the buying doesn't surprise me, but, whos giving it to them at such a discount?

[Empirical1]

Yeah, I agree.

I said it was 'holding up pretty well' but I have to admit the Chinese market is rocking! Big sellers but some big buyers too!
Enough people 'get it' there for sure!

CNY $ traded volume for BTSX has been huge in the last 24 hours!

[Overthetop]

Yeah there was always a chance there would be a dip when the exchanges allowed deposits. (A lot of supply up for sale at once.) It's actually holding up pretty well.

It's strange when you consider the amount of IPO'S where investors/donators make money from weak products, and now you have the most awesome product ever, where people have had their money tied up for months and the fact that some IPO investors & donators have lost money is obviously disappointing. 

I think it's possible this could go down in the record books as an um, 'significant' marketing failure. 
The 'mainstream' audience they were targeting obviously haven't shown up at the exchanges.
In terms of a marketing strategy targeting the alt-coin market,  the people who would be buying BTSX at this stage, until the last month when a handful of people started posting on forums trying to inform people and create a buzz there was literally no BTT/forum based marketing campaign.

Having said that I'm INCREDIBLY confident in BTSX. This is just going to have to be one of the times where the product sells itself.

The info website has a great look http://bitshares-x.info/ and once people start downloading the wallet and chatting about it. It's going to the moon.

Edit: I will be shocked if BitShares X isn't sitting at, at least no. 5 in a week or two.

Agree.

The market data shows it is just the very beginning of the whole thing of BTS.

It seems we are just in IPO stage of BTSX.

 

[Empirical1]

Yeah there was always a chance there would be a dip when the exchanges allowed deposits. (A lot of supply up for sale at once.) It's actually holding up pretty well.

It's strange when you consider the amount of IPO'S where investors/donators make money from weak products, and now you have the most awesome product ever, where people have had their money tied up for months and the fact that some IPO investors & donators have lost money is obviously disappointing. 

I think it's possible this could go down in the record books as an um, 'significant' marketing failure. 
The 'mainstream' audience they were targeting obviously haven't shown up at the exchanges.
In terms of a marketing strategy targeting the alt-coin market,  the people who would be buying BTSX at this stage, until the last month when a handful of people started posting on forums trying to inform people and create a buzz there was literally no BTT/forum based marketing campaign.

Having said that I'm INCREDIBLY confident in BTSX. This is just going to have to be one of the times where the product sells itself.

The info website has a great look http://bitshares-x.info/ and once people start downloading the wallet and chatting about it. It's going to the moon.

Edit: I will be shocked if BitShares X isn't sitting at, at least no. 5 in a week or two.

[stuartcharles]

There are number of ppl that got into pts early and can profit even selling at prices that would constitute a loss for the average ags holder prior to the snapshot

no, its not that. I mined some of the first blocks before it was pools only and i cart imagine anyone in my position cashing out now.

[clout]

There are number of ppl that got into pts early and can profit even selling at prices that would constitute a loss for the average ags holder prior to the snapshot

[stuartcharles]

My guess is that there are a number of PTS holders that don't understand or don't believe in BTSX and are unloading at their first chance. I see this as a short term thing.

hmm, but to be holding pts and following it close enough to cash in quickly suggests people who keep a regular eye on the forum? I guess they could be selling to buy back in as the typical launch is a week of price dropping, but that's risky if you know what you are holding. Im looking for another explanation, any other theory's?

[Riverhead]

My guess is that there are a number of PTS holders that don't understand or don't believe in BTSX and are unloading at their first chance. I see this as a short term thing.

[stuartcharles]

I see nearly 0.5 million traded today which despite the 25% loss is still great news (for every seller there has to be a buyer) however, the volume of sellers took me by surprise.  Its there a rational explanation? coders needing to pay rent, eat, ect. Or an exchange with a bag full of something they don't understand?

Please let me know your thoughts