Author Topic: !!! Stupid Questions Thread !!!  (Read 158257 times)

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Offline tonyk

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Re: !!! Stupid Questions Thread !!!
« Reply #375 on: October 23, 2014, 08:19:48 am »
I have a stupid question for the traders around here... Is this now a good time to short bitusd with the coming snapshot or do we expect BTSX to further go down and why?

First, Let me  answer your question honestly - 'nobody the fuck knows'... yeeeh some of them have their theories... predominantly wrong theories, btw. Some of them even have charts and stuff ... LOL  LOL

Second, If somebody indeed knows...he will make the profit herself instead of sharing with me and you...

Third, my own advice is - if you have general understanding/believe where BTS is headed, you can bet that the same will be true before as well as after the  snapshot.

0.02BTSX





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

Offline Mysto

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Re: !!! Stupid Questions Thread !!!
« Reply #376 on: October 23, 2014, 08:29:01 am »
I have not yet claimed any of my BitsharesX shares or DNS or VOTE.
I have been holding PTS and AGS in wallet since Feb 2014.
Am I still all good for the upcoming snapshot.
Will I later need to claim my DNS/VOTE shares to claim my new Bitshares X shares?

Yea I have some DNS and BTSX in bter, do I need to move them to my wallet? Or can I keep them on there if I want to claim BTS?

OK found the answer to my DNS question (I got screwed over). But I'm still confused about the remaining BTSX I have. Is there going to be a BTSX snapshot? Or did it already happen and I got screwed on that too?
Also should I just sell my DNS on BTER since it is worthless?
« Last Edit: October 23, 2014, 01:07:26 pm by Mysto »

Offline pc

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Re: !!! Stupid Questions Thread !!!
« Reply #377 on: October 23, 2014, 03:01:13 pm »
OK found the answer to my DNS question (I got screwed over). But I'm still confused about the remaining BTSX I have. Is there going to be a BTSX snapshot? Or did it already happen and I got screwed on that too?
Also should I just sell my DNS on BTER since it is worthless?

In my understanding, you'll receive BTS for the DNS that's in your wallet on nov-5. IOW: you should withdraw your DNS from the exchanges (or sell them) before nov-5. It may be the case that bter honours that final snapshot and distributes BTS for the DNS in your account, but I haven't seen an official statement confirming this.

What you have already missed is the "fix" offered by bm/i3. All you can hope is that bter honours that fix a posteriori.
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Offline mf-tzo

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Re: !!! Stupid Questions Thread !!!
« Reply #378 on: October 23, 2014, 03:02:36 pm »
Transfer both your DNS and BTSX back to your wallets before the 5th November.
Sell your DNS on BTER and buy BTSX if you want liquidity and transfer them to your BTSX wallet
DNS are not completely worthless. If you keep them on your wallet on the 5th you will get some BTS but will not be active for some time.
At least this is how I understand things..

Offline Mysto

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Re: !!! Stupid Questions Thread !!!
« Reply #379 on: October 23, 2014, 04:09:09 pm »
Thank you guys. It's not even 2 weeks away and it seems a lot of people are confused. They need to make a post like this clarifying it for everyone.
https://bitsharestalk.org/index.php?topic=9482.msg123369#msg123369

Edit: I think the DNS snapshot already happened...

All those who bought at Bter are out of luck? All those who claimed after the announcement and sold are also at a loss?

The gainers are those who claimed earlier and sold immediately after the announcement. They got a good price and some free DNS.

Or have I misunderstood it all completely?

I don't think there are any losers except those with funds on the exchange and US.  Those with funds on an exchange were "traders"... those who bought in the days prior and withdrew to hold are OK... those who bought or sold after the announcement are also OK.

What about all those who bought in immediately after the announcement; all those who had the higher than current price buy orders?

Anyone buying after the announcement was doing so in a market with the information available.  Cannot make all trades profitable. 

You are assuming they were all sitting there with their face glued here waiting for any announcement. There were buy orders which were just set there.

Anyone on an exchange is SOL...
« Last Edit: October 23, 2014, 04:15:04 pm by Mysto »

Offline pc

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Re: !!! Stupid Questions Thread !!!
« Reply #380 on: October 23, 2014, 04:32:53 pm »
No:
I will be releasing v0.0.5 soon.

The network will stop at the last block of November 5th by UTC. I've asked BTER and BTC38 to prepare a snapshot at that time as well.

I will also create a snapshot for the moved stake from before BM's announcement for the "special make DNS holders whole" sharedrop. I'll also make a snapshot of the entire stake at that time in case we ever re-start the effort and need a "DNS believers" snapshot.
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Offline Mysto

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Re: !!! Stupid Questions Thread !!!
« Reply #381 on: October 23, 2014, 04:40:51 pm »

Offline Riverhead

Re: !!! Stupid Questions Thread !!!
« Reply #382 on: October 23, 2014, 05:16:09 pm »
Stupid question:

Which would yield more BTS, selling my PTS for BTSX now, or selling my BTSX for PTS before 11/5? Don't care about the maturity period.

If you don't care about the vesting period PTS is currently selling at an 8% discount and DNS a 2.3% discount.

What this means is that if you sold your BTSX for PTS you'd end up with 8% (minus fees) more BTS post 11/5. This changes all the time though as there are a few moving pieces to get between BTSX and PTS.

I have a spreadsheet with API calls out to the exchanges to get live pricing. This allows me to just hit refresh and get the current numbers and discounts vs snapshot. If anyone things this would be useful I'll see if I can make a shareable copy (i.e. one that doesn't have my balances on it :) ).

Update: PTS now at a 22% discount!

Offline mf-tzo

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Re: !!! Stupid Questions Thread !!!
« Reply #383 on: October 23, 2014, 09:13:06 pm »
Of course it would be useful..

Offline 21xhipster

Re: !!! Stupid Questions Thread !!!
« Reply #384 on: October 23, 2014, 09:44:51 pm »
That is really stupid question.
I reinstalled my system. I thought that password from BitsharesX is the only thing that i need to restore wallet. Like in NXT.
Is that right that i've lost my funds and account if i didnt export my wallet before?
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Offline happybit

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Re: !!! Stupid Questions Thread !!!
« Reply #385 on: October 23, 2014, 09:48:43 pm »
That is really stupid question.
I reinstalled my system. I thought that password from BitsharesX is the only thing that i need to restore wallet. Like in NXT.
Is that right that i've lost my funds and account if i didnt export my wallet before?

This is a GREAT QUESTION!  I would like to know this as well! -- thanks in advance :)

Offline tonyk

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Re: !!! Stupid Questions Thread !!!
« Reply #386 on: October 23, 2014, 09:53:03 pm »
That is really stupid question.
I reinstalled my system. I thought that password from BitsharesX is the only thing that i need to restore wallet. Like in NXT.
Is that right that i've lost my funds and account if i didnt export my wallet before?

Depending how much funds we are talking about... some services might be able to scrape the data from your hard drive...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Riverhead

Re: !!! Stupid Questions Thread !!!
« Reply #387 on: October 23, 2014, 09:55:51 pm »
Get undelete software. It's free a lot of the time and you'll be amazed what it will get back.

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Offline oco101

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Re: !!! Stupid Questions Thread !!!
« Reply #388 on: October 23, 2014, 09:56:40 pm »
That is really stupid question.
I reinstalled my system. I thought that password from BitsharesX is the only thing that i need to restore wallet. Like in NXT.
Is that right that i've lost my funds and account if i didnt export my wallet before?

You need the private key to restore your wallet.
« Last Edit: October 23, 2014, 10:01:58 pm by oco101 »

Offline biophil

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Re: !!! Stupid Questions Thread !!!
« Reply #389 on: October 23, 2014, 10:01:03 pm »
I have a spreadsheet with API calls out to the exchanges to get live pricing. This allows me to just hit refresh and get the current numbers and discounts vs snapshot. If anyone things this would be useful I'll see if I can make a shareable copy (i.e. one that doesn't have my balances on it :) ).

That would be wildly useful! I would love a copy of that.
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