Bitcoin Forum

What was your vote?
Why do you think so?

Just learned i can't submit my vote in my poll   :o

The history always same.The price of BTS just like other altcoin,people pump it then dump it.it will down for a while

Forgrt bts.I came from china and i know some chinese big whales have dumped their coins.

Doesn't look too good at the moment no? https://www.coingecko.com/en/coins/bitsharesx

This thread is a dumb call, by a shill account.
You don't make a poll for your coin and publicly say that you're voting UP (a positive answer in this case).
I'm going to vote down, we don't need it.

down like dark coin ROFL

~CfA~

Short term will be unstable until the market peg proves itself.  Once its accepted, traders and merchants need to start using BitUSD, BitEUR, BitGold etc...

This is a great experiment to watch.

Well a few days ago it was at over 9000 dropped to 4000 or so yesterday now back to top very 5000 only time will tell. Since I bought at over 9000 I'm hoping to at least go over a little so I can sell.

buy cheap sell high  ::)

I don't know weather it will go UP or DOWN, but I do know that coincap 114 664 BTC is HIGH

How does BitUSD get pegged to the dollar?

You have some reading to do  :)


Easy non technical background on BitShares and the market features
https://bitsharestalk.org/index.php?topic=7628.0

Start here to read the background on DPOS algorithm:
http://wiki.bitshares.org/index.php/DPOS

Continue here to read about the security and simplicity of sending to names instead of addresses:
http://wiki.bitshares.org/index.php/TITAN

Listen to this episode from a few weeks back:
Let's talk Bitcoin! episode 129.  Starts around 12 minute mark with the lead dev Dan.  Great listen.
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-129-dogeparty-and-delegated-proof-of-stake

Which leads to the asset exchange:
http://wiki.bitshares.org/index.php/Bitshares_X

Finally finish up with this to really get you thinking about where bitcoin ideology will go:
http://bitshares.org/overstock-to-cryptostock/


With all the above were just scratching the surface of possibilities.

tl:dr

Is there no simple and easy to understand one sentence answer you can give?

I say down. It's gone up a lot already and the market cap is massive.

The next 6 months will be constant selling pressure from early whales cashing out. Basically a repeat of what we saw with NXT (not recently, more the trend since it launched in January),

There are multiple ways the peg is established which include traders, price feeds, backup's, failsafes, etc... to keep everything in check.  You really need to do some reading to get a grasp on the big picture.

Down obviously.

Its the second bounce after the pullback, it will touch deeper lows after this. Anybody caught out by the pullback now has the chance to unload.

Went up   :D
In profits  
Still holding      8)

My valuation @ 0.00015
Current price 0.000065     41.26% gain in last 24 hrs as per bter

Sorry,ill edit that   :)

Chinese are still keeping it pumped up. If it does not stay up long enough they cannot cash out. It will slowly peter away soon, in a couple of weeks.
Get out while you still can and buy back later.

BitShares X started at 30 million when it went liquid. Naturally investors who had waited too long dumped, and price went down to 15 million. After a while it became clear that bitUSD was going live, along with other good news. The price skyrocketed up to 110 million. Then came the inevitable crash: down to 45 million before bouncing back up to 60. In sum, an almost 10x increase from the lowest point to peak, then crash and bounce to approximately half of the peak.

Where have we seen this before? Oh right, during every bubble.

It is impossible to tell from this action alone what sort of long term price we will see. People who believe in the system think this was no accident. That it will bump along this price until the next bubble. People who don't believe in the system generally have no idea what it is about. bitBTC and bitCNY is going live any second now, and the marketing push has not even begun yet. Couple this with the fact that there are several new BitShares products on the horizon that will help grow the ecosystem..

BitBTC and BitCNY is going to help, when even BitUSD is struggling to maintain its peg even with you guys using your massive funds to hold it. Markets are being paused whenever you want, or you think your profit option is not there. The developer himself admits he made a million and then paused the market.

Its early days but the price is way over inflated, its going to come down naturally.

There is a required market depth built into the system, and when everyone in the BitShares team pull their funds the market pauses because there is too little market depth. Any collection of people or even a BitShares whale could unpause the market at any time and defy the wishes of the dev. team but they don't as it would destroy their value.

The bitBTC and bitCNY markets will start as soon as the delegates publish their price feeds. The core devs have no direct control over what the delegates do, delegates are independent and voted into their positions by shareholders, the core devs only appeal to what they think is the best thing to do.

I think what we are seeing is that the various incentives here (for core devs, for investors, for traders and for delegates) are correctly aligned with the best interests of the BitShares system. The basic mechanic of the peg has been working contrary to 16 months of FUD directed at Daniel Larimer, and with the DPOS system they now have a million tools at their disposal to tweak the market mechanic to work just right.

The reason that the only cap in the top five on coinmarketcap.com not falling atm is BitShares is that people have confidence that the small bugs that do exist will be figured out. Smart money knows what's up, and I believe the next 6 months is going to be huge for BitShares. But let us see :)

I bought some a couple of days ago so with my luck down short term. If I panic sell, then it will surely go up  :)

The market now operates at the whims  of the developer who himself has admitted he has made a million off the other users. The one with the ability to pause the market at any time is also the one participating in the same market and making millions ::)

In this ugly bear market I am happy so long as my funds are not losing value ..  :-\

Second time you have said this, please provide a link to where this information is stated.

https://bitsharestalk.org/index.php?topic=7919.msg104955#msg104955


While everything is buggy and is paused at anytime, the one with all the info and controls is making a killing. Good luck to all those who are participating.

Regardless of the inherent value, it was overbought, then a sharp crash and again a rebound. 0.00007 should be the point for another price dip, but do not hold me to that.

With such a high volatility if you are just a bit patient you will profit.

TinyEye, 1,000,000 BTSX at the current rate is only 30,000 usd, far from making millions...  Looks like the rest of us need to start playing around with BTSX and BitUSD!

Looks like bitBTC might be live  :o

Since I bought my first bitcoins in early 2011 the price has gone up and then crashed at least 5 times.

Bitshares is a great advancement of the blockchain technology over the bitcoin, or any other altcoin, implementation. But it will surely also be overbought and then crash, and then rise again just as bitcoin has done many times.

I didn't sell the bitcoin I bought at $5 when it reached $30, and I didn't sell them when they dropped down to less than $2. And I will not sell my bitshares until they reach $1, and then only a small portion of them.

Nice long term investment strategy.

Wish somebody gave me just 30,000 usd. Heck, even 1000 BTSX would be great. trying to set up orders to make a few here and there.

It will go down. I do not think it will be tradeable this time next year.

Said the 8 post and 2 days old account and then vanished in to the mist!!

No idea.

Really depending on the founders who control the coin. They can also do what ripple did and increase the total supply to increase the market cap to give the illusion of strong support.

Developers are sound, thats not the issue.

Its more to do with the current price which is just hype. 0.00001 BTC per BTSX would dtill be a high price. Fully expect it to go into five zero territory.

A decentralized exchange is worth much more than BTSX's current market cap, assuming all of the current issues are resolved.

Also, hype pretty much equals speculation. What cryptocurrency ISN'T supported by speculation?

Just in case you don't get that last statement... it was a rhetorical question because all cryptocurrency's values are upheld by speculation.. even Bitcoin. It is a speculators market as mass adoption has not been achieved by any of them.

I understand you need to up your post count for your signature campaign, but go spread FUD somewhere else.

If you take the definition of ownership of a coin to mean you holding the private keys, then Bitshares is NOT an exchange at all, but just a derivative play on the price of an underlying that you hope will be maintained through thick and thin. You cannot actually trade BTC on the Bitshares network. You can trade BitBTC that you assume will be equivalent to the price of BTC or that you can get exposure to BTC by owning bitBTC but that doesn't mean it is a decentralized exchange for BTC. Not saying this isn't something nice or something that will have a lot of demand, but calling it a decentralized exchange would be wrong.

down...., because more crypto coming next  :)

It's hard to say which ways it's going to go. If it gets taken up by one or more of the big big exchanges then it could rise a lot through speculation.

I understand what you are saying and I agree that it is not a decentralized exchange in the true sense of the term. I guess I am using that term loosely because it is the closest thing to a decentralized exchange that actually exists (to my knowledge.) It is not as good as a decentralized exchange in that you don't own the private keys to the crypto you are trading and there is added risk involved with that, but then it is also better in that it allows the trading of commodities like gold and oil.

I guess it depends on your risk tolerance at this point, and I agree BTSX is a risky investment (what Cryptocurrency isn't really.) I think if BitsharesX stands the test of time I think that will go a long ways towards instilling confidence in the market and bitassets. Thus increasing utility, liquidity, and the value of BTSX. Buying BTSX now is a play on all of that working itself out, and the developers/community figuring out how to ensure the market pegging mechanism is as accurate as possible.

There is a lot of discussion being had as to ways to improve accuracy of the market peg without putting too many restrictions on the market or centralizing it. I think if the market peg can be made as accurate as possible, the infrastructure surrounding bitassets will fill in and they will have just as much utility as Bitcoin through the use of multi coin payment processors and payment gateways. In that case, it will be similar to owning private keys except with a little added risk that would arguably be less than the risk of trading on a centralized exchange.

I will still be active next year, but BTSX will not.

If you all really think this then buy BitUSD on the Bitshares X client. If Bitshares does crash you end up with more BTSX. If it ever rises then you could double your profit.

But if you think BTSX is completely useless then yeah, stay in Bitcoin.

Good work attacking the poster trying to pump up your coin. Whats up, you nervous others are seeing this for what it is?

This one is going down to 0.00004 in this cycle. It will go down a lot more but in several instalments. Just wait and watch.

BitUSD has its uses, but the biggest problem is that it can be paused anytime and then you are stuck like it happened. The peg is also not holding well and went down to as low as $0.7.

Much better to actually sell it for Bitcoin then buy back in later. Going into BitUSD does not make any sense.

The real reason your last 10ish posts have been so negative about BTSX... you already sold and want to buy back in for lower. Stop being so obvious..

I stand to gain very little from BTSX getting pumped, I just believe in it and hate FUDsters like you trying to create hysteria for you own financial benefit.

Wait, a few minutes back I was trying to make posts for campaign. Now I am obviously trying to lower price. Make up your mind.

Regarding my trade, I have been clear. It was overhyped, I sold out, and will get back in later. If you had looked into my posts you will also see I have said that I am doing small trades and had called 0.00007 to be the current top (its at 0.000057 now). I will buy again above 0.00004 and then sell again. This thread is asking whats the trend, and I answered that its down.

I hate all those who are trying to unload on others and trying to show they are some kind of white knights.

It's a little bit of both I think. Either that or you are trying to pump your ego and make sure you are proven correct by shifting public sentiment.

It's not the fact that you are posting your opinion, just the fact you are repeating it over and over across multiple threads in an attempt to sway public opinion. That is almost all you've posted about for days. There are so many people trying to affect the price negatively through FUD like you, that I have made it my mission to defend BTSX. Who are you to say it is hyped or isn't worth it's current evaluation? No one truly knows, all you can do is speculate on its value. No one knows the true value of any Cryptocurrency. You are acting like you are some omniscient being or something.

Funny as you are doing the exact same thing. Attributing motives based on a few posts. When there was the bubble and threads were popping up all over sucking in buyers where were you? Busy selling? Are you really defending against FUDsters or just protecting your investment?

You are seeing one side, you are failing to see the other. Go through my post history if you like, I was calling it a bubble and was advising buying against even when it was lower than my sell price.

A lot of assumptions..

For the record, I did not invest in the AGS fund, nor did I hold PTS for the BTSX snapshot. I currently have less than 10k BTSX and stand to gain very little from a pump. I bought above the current price, so I am in the red and was not "selling through the pump" like you assume. I was here defending BTSX through the bubble and now I am here defending it after the bubble. That is because I am just someone who believes in BTSX, and believes it is worth MUCH more than its current evaluation of less than 3 cents a coin.

I understand it has a chance to go down even more, but day trading is a gamble and I wouldn't recommend it. It is better to pick a coin you think will grow in value long term and hold it. A lot of people (including me) have lost out on a lot of money because they were so certain Bitcoin would go down and was in a mini bubble, only to have it go up by more than 1000%. It's a fact that you don't know where the price is going to go. You might think you have it figured out... So did I back in the day.

It will only take once though for you to learn your lesson when you miss out on a huge upswing because you were so certain it was heading south. I am just speaking from personal experience in the crypto markets for 2 years now. No one knows what the markets will do at any certain moment unless you have a lot of money to manipulate it. It could go up or it could go down, you have no clue.

Fair enough. Always good to hear the experiences of an old head around here.

Well, thanks for this amicable conclusion. I am not trying to act like a know it all, just wanted to make the point that no one really knows what will happen. All people can do is speculate. Sorry for making assumptions about you. It is hard to tell trolls from rational people on here, and I can get worked up sometimes because I really care about the success of innovative cryptocurrencies.

Innovative cryptocurrencys will push the technology forward and improve them for the better of all cryptos. Bitcoin/Litecoin's innovation and features are pretty much at a standstill because their communities have grown so large that no one can agree on what should and shouldn't be done. Most of them think they are fine just the way they are, which I think couldn't be further from the truth.. but I digress. It is up to cryptos like this to push the technology forward.

Time will tell how valid the peg is and how much it makes sense to trade through this platform.

I think bitsharesX is a cool idea. Worth putting my money in.

http://wiki.bitshares.org/index.php/Why_choose_BitShares%3F

What i think the prob. is, is that there are many bitcoin only supporters who goes against all altcoins. My point is to dump all the copycats and take in new cryptocurrencies backed up by new ideas (just a few)
Bcoz, some are kind of better in many ways. better tech
faster confirmations, better anonymity,.......
i think it is one of them
Hope it comes true  ;)

TinEye

The market can not be paused at anytime per say.  There are currently safe guards in place such as minimum market depth, delegate price feeds, etc... that will automatically pause the market so no one can take advantage.  Once more people begin to utilize the market it will function normally.  Think of this new product as a bicycle with training wheels, they will come off eventually.

There are so many schemes going on trying to take advantage of every coin that comes out. I think BTSX is a really cool experiment and worth investing in. The root issue however is how much people worship the value of the dollar. If the dollar crashed then crypto would be worth a lot especially if its pegged to a precious commodity like BTSX. Until then ppl will just keep trying to p&d alts into dollars.

Don't hold out for a dollar crash mate, do the best you can with what you have instead of conjuring up a future that will not be.

Right now it can be by the dev. While it might be necessary, its very concerning that it is possible by the same person who is actively trading in it.

I predict BitShares will rise as soon as people realize that the bitAssets are working, that this is a huge invention, and that bitAssets with interests are going to be enabled soon.

Agreed CLains!!! Looking forward to the interest features and their implementation details.

Also, I'm loving this calm-before-the-storm stability & upward inching BTSX has been showing since the last bubble bottomed out. Gives me time to buy in a bit more at the second floor before we head up onto the next price bump.

The volume has been very healthy during this time as well. My guess is a lot of this activity is a smaller investors getting in.