Author Topic: Bitshares Music Presale begins in 2 hours  (Read 11003 times)

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Offline AdamBLevine

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Tell me if I´m wrong...

When buying notes on the presale... you don´t know at what price you´re doing your purchase... until the end of the day...

is this right?

If is right... in my case... I don´t want to get into something with so low information about price...

Yup, its a different price each day depending on participation - same as Angelshares was.
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Offline forestalnet

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Tell me if I´m wrong...

When buying notes on the presale... you don´t know at what price you´re doing your purchase... until the end of the day...

is this right?

If is right... in my case... I don´t want to get into something with so low information about price...

Offline bitmeat

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How do we know how many BTC has been used so far to buy Notes per day? is there a website like AGSexplorer ?

Yeah, it's called blockchain.info :)

https://blockchain.info/address/37X8DHpfiimB7PU5y35rfBcg5Vxj2R6umL

Offline bobohuy

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How do we know how many BTC has been used so far to buy Notes per day? is there a website like AGSexplorer ?

Offline bitmeat

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Yup anyone could release a StealAGSCoin DAC. :)

I am afraid too for this possibility !
I hope they release a "tool" that resolves threats like that before we are witnessing StealAGSCoin victims....

The tool is pretty simple. Don't request private key, only a signature done using the key. So easy a caveman could do it.

Offline santaclause102

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1 "Day" ends when the hours count is down to 00? I would make that a little more clear (in the faq).

Offline liondani

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Yup anyone could release a StealAGSCoin DAC. :)

I am afraid too for this possibility !
I hope they release a "tool" that resolves threats like that before we are witnessing StealAGSCoin victims....

Offline clayop

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So then the question is, do you make more profit selling now than after the plunge, with ample opportunity to get the same Notes for much much cheaper? I think so. I could be wrong, but I guess we'll find out.

If there are more people thinking like me, I expect the price to plunge pre-snapshot, and then AGAIN post-snapshot... I think it's probable that 1 PTS now  > 1 PTS + 298.647044 Notes after the snapshot.

Imagine that.
1. A PTS owner got a snapshot at 10/10.
2. PTS price drops about $1 after snapshot.
3. Then the owner sell PTS at $2.5
4. He buys Notes with the fund.

Your logic is like, after snapshot, PTS price will go down to zero.
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Offline fluxer555

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So then the question is, do you make more profit selling now than after the plunge, with ample opportunity to get the same Notes for much much cheaper? I think so. I could be wrong, but I guess we'll find out.

If there are more people thinking like me, I expect the price to plunge pre-snapshot, and then AGAIN post-snapshot... I think it's probable that 1 PTS now  > 1 PTS + 298.647044 Notes after the snapshot.
« Last Edit: October 06, 2014, 05:55:43 am by fluxer555 »

Offline fluxer555

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Ok, I made an error... PTS holders get 525,000,000 Notes not 450,000,000. So the correct math is:

1 PTS = 298.647044 Notes
Current price of PTS: 0.01176360 BTC
Current price of BTC: $300
$1 worth of PTS = 83.1885916 Notes

Therefore, each day between now and the snapshot, there needs to be over $60k in BTC donations to justify holding PTS rather than selling it for BTC and purchasing via presale.

5,000,000 Notes / $60,104.3954 = 83.1885916

Offline clayop

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$1 of PTS price drop after snapshot =  255.993374 Notes

I've been trying to make sense of this, but am unable.

The total number of PTS I took from CoinMarketCap: 1,757,928. (It's already a little different than when I calculated before)

450,000,000 Notes are distributed to PTS holders.

450,000,000 / 1,757,928 = 255.98318 Notes per PTS

But after snapshot, you can sell PTS and make profit. That's what you overlook.
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Offline 天籁

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$1 of PTS price drop after snapshot =  255.993374 Notes

I've been trying to make sense of this, but am unable.

The total number of PTS I took from CoinMarketCap: 1,757,928. (It's already a little different than when I calculated before)

450,000,000 Notes are distributed to PTS holders.

450,000,000 / 1,757,928 = 255.98318 Notes per PTS
255.98318 Notes per PTS is not equal to that the value of 1PTS = 255.98318 Notes.
1PTS before snapshot = 1PTS after snapshot +  255.98318 Notes.

Offline fluxer555

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$1 of PTS price drop after snapshot =  255.993374 Notes

I've been trying to make sense of this, but am unable.

The total number of PTS I took from CoinMarketCap: 1,757,928. (It's already a little different than when I calculated before)

450,000,000 Notes are distributed to PTS holders.

450,000,000 / 1,757,928 = 255.98318 Notes per PTS

Offline 天籁

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If my calculations are correct, this pre-sale should tank the price of PTS... just sold everything.

1 PTS = 255.993374 Notes
Current price of PTS: 0.01176360 BTC
Current price of BTC: $300
$1 worth of PTS = 71.307346 Notes

Therefore, each day between now and the snapshot, there needs to be over $70k in BTC donations to justify holding PTS rather than selling it for BTC and purchasing via presale.

5,000,000 Notes / $70,126.2272 = 71.3

Someone tell me I'm wrong?
Absolutely wrong!
$1 of PTS price drop after snapshot =  255.993374 Notes

Offline fluxer555

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no you are not, but the PTS snapshot will and in 4 days.

This was bad timing, very sloppy in my opinion. They should have waited until after the snapshot.