AGS Funds to be used to buy BTSX

[bytemaster]

why don't you made the decision earlier to buy cheaper BTSX? ....
(of course better "late" than never)

Liquidity.... we are already heavily invested in BTSX.   Right now the development fund has $3 million worth of BTSX in it.   Yes we could maximize our gains, but we needed to play more conservative to make sure we had enough funds to see it through. 

[liondani]

why don't you made the decision earlier to buy cheaper BTSX? ....
(of course better "late" than never)

[bytemaster]

Was any of the large volume during the price spike over the last day AGS BTC?

If so how much?

I'd like to continue buying, but if the market spike was artificial because I3 was dumping 100's or 1000's into BTSX, there will be a pull back as the market re-aligns.

I don't see a problem wih you buying BTSX.  Even if this spike was created by I3. This is probably the best marketing to date.

About 150 BTC via BTER thus far...   Opening BTC38 account now.    So this spike was not caused by AGS being used to buy.  You can see that most of AGS is still sitting in BTC and we are not selling PTS.

[NewMine]

Was any of the large volume during the price spike over the last day AGS BTC?

If so how much?

I'd like to continue buying, but if the market spike was artificial because I3 was dumping 100's or 1000's into BTSX, there will be a pull back as the market re-aligns.

I don't see a problem wih you buying BTSX.  Even if this spike was created by I3. This is probably the best marketing to date.

[Overthetop]

Recognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD.    We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds.   

This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. 

Details of these holdings will be posted.

hi bytemaster.
where did you buy the BTSX? maybe you can consider to do the purchase on btc38. btc38 is very supportive to BTSX.
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx

 

[jae208]

I think using AGS is a great idea. In fact use all AGS!! 

Bitcoin you're going down!

But first... Litecoin

[jae208]

I suggest you guys keep the movement of funds in BTSX as open and transparent as possible. Way more so than with Bitcoin or Bitshare-PTS. This does make me wonder whether you guys were even confident in the project in the first place. At any rate, the progress and delivery of BTSX is impressive and your credibility, reputation and responsibilities have increased many orders of magnitude.

 

[小飞飞]

Recognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD.    We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds.   

This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. 

Details of these holdings will be posted.

hi bytemaster.
where did you buy the BTSX? maybe you can consider to do the purchase on btc38. btc38 is very supportive to BTSX.
http://www.btc38.com/trade_en.html?mk_type=btc&btc38_trade_coin_name=btsx

[GaltReport]

Recognizing that over the course of the next 6 months the value of BTSX will likely rise relative to BTC, we have made the strategic decision to buy BTSX and hold it and to pay developers in BTSX / BitUSD.    We will keep enough BTC to stay liquid, but otherwise will keep our portfolio balanced to maximize our potential development funds.   

This is just a FYI for transparency sake, as we stated before the AGS funds were received as donations with no strings attached. 

Details of these holdings will be posted.

This is an very astute decision which inspires confidence ...
...

[alt]

Only small purchases thus far.  Not really in our best interest to telegraph this, but I believe the value of transparency will do more for us in the long run than any profits we could have earned by keeping it secret.

I really .. really .. really like the openness in I3.

This is what makes bitshares different from those altcoin - short term profit - premine sh*** we all know pretty well

[sudo]

it‘s a  pitty not buy  @  less than 0.01usd/bts

[bytemaster]

On exchanges


Sent from my iPhone using Tapatalk

[xeroc]

The devs probably wont sell ... at least i wouldn't

[ag]

does Invictus plan to buy on the exchanges or from individuals stan, dan, core devs etc?

[Empirical1]

Appreciate the transparency greatly and I support wholeheartedly.