FriendsOfBitshares (OP)
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July 09, 2014, 03:16:04 AM |
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I'm curious if anyone has any views on the market valuation of btsx ?
So there was a snapshot of the PTS and AGS funds on February the 28th. From that snapshot Bitshares X is being created which will be the end all of exchanges. Collateralized assets that use market pegging to maintain their price accuracy + longs, shorts, and options.
So because of the snapshot, bter and btc38 (2 exchanges) are both able to trade the BTSX that was snapshotted from their Bitshares-PTS holdings on Feb 28th. So the BTS-X (shares in Bitshares X) are liquid within these exchanges creating a bona-fide market.
I am curious to hear people's opinions on this. What do you expect the valuation to be once it has been released ?
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xeroc
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July 10, 2014, 07:57:24 AM |
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It's a twofold problem:
A) The exchanges can only trade their stake (stake that was held by them during snapshot). Once the chain is released others can transfer funds and sell on theses exchanges too which increased the supply. Price should fall B) Once the blockchain is out, investors realized that it's no vapor ware start investigate and might see potential (I do). Thus they buy into BTSX. This should increase the price.
The bigger (longterm) question is which party has more stake/interest in BTSX!
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nextlevelnem
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July 10, 2014, 06:41:37 PM |
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I've been slowly investing a little in crypto. A friend told me about NEM and I already had some BTC. I've been reading a bit about Bitshares. I'm still somewhat confused.
Please correct me if I am wrong.
Bitshares is a decentralized exchange that has classes of assets beyond the typical crypto based assets? Somehow they manage to mirror value of commodities etc ?
It seems you can also invest in Bitshares by donating to Angelshares which gives you a stake in all future Digital Autonomous Companies ? Then there is also Protoshares that does the same thing but you can sell Protoshares ?
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SanMerryDro
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July 11, 2014, 02:03:55 AM |
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It is best to abandon Bitshares
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FriendsOfBitshares (OP)
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July 11, 2014, 04:59:18 AM |
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It is best to abandon Bitshares
Why do you say that ? Usually people with a valid point at least make an attempt to back it up.
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KimNam
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July 11, 2014, 05:35:38 AM |
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in recent days, some people talk about bitshares, invest there and etc is it profitable anyway? I never heard bitshares before
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FriendsOfBitshares (OP)
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July 11, 2014, 05:53:31 AM |
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in recent days, some people talk about bitshares, invest there and etc is it profitable anyway? I never heard bitshares before
There has been a push because the donation period is running out. Some members of the Bitshares community wanted to get as many people onboard as possible. Bitshares X, the decentralized exchange is coming around soon. The first release will not have the key features that make it different from other exchanges, but they're working on the final stages before a release. Bitshares X may or may not work out. If it does work, it has a huge potential that rivals potential I see anywhere else currently. (With the possible exception of BTC itself) THere has been an unfortunately delay while the Bitshares dev team has worked on an improved network consensus algorithm (Delegated Proof of Stake). Dan Larimer is active in trying to find the best solutions he possibly can by taking input from a variety of sources. That is different than the approach others have taken. I believe in the end it will result in a better product that addresses many of the weak spots in competition.
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KimNam
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July 11, 2014, 04:48:30 PM |
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in recent days, some people talk about bitshares, invest there and etc is it profitable anyway? I never heard bitshares before
There has been a push because the donation period is running out. Some members of the Bitshares community wanted to get as many people onboard as possible. Bitshares X, the decentralized exchange is coming around soon. The first release will not have the key features that make it different from other exchanges, but they're working on the final stages before a release. Bitshares X may or may not work out. If it does work, it has a huge potential that rivals potential I see anywhere else currently. (With the possible exception of BTC itself) THere has been an unfortunately delay while the Bitshares dev team has worked on an improved network consensus algorithm (Delegated Proof of Stake). Dan Larimer is active in trying to find the best solutions he possibly can by taking input from a variety of sources. That is different than the approach others have taken. I believe in the end it will result in a better product that addresses many of the weak spots in competition. decentralized exchange would be good feature, i'm sure many trader will use it instead centralized one any ETA when will Bitshares X release in the future? and where can i read any progress about this development?
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coininaction
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July 21, 2014, 09:56:20 PM |
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mickyd
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August 21, 2014, 10:35:18 AM |
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BTSX has a own bitcointalk thread? Cannot find it
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axxo
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August 21, 2014, 11:36:22 PM Last edit: August 22, 2014, 11:56:56 AM by axxo |
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I'm really surprised the thread is not as active as I thought but amazingly its #3 on Coin Market Cap.
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mickyd
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August 22, 2014, 11:30:58 AM |
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I really surprised the thread is not as active as I thought but amazingly its #3 on Coin Market Cap. I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
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testz
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August 22, 2014, 12:05:54 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk.
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Lauda
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August 22, 2014, 12:07:44 PM |
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I find that the current price is just a result of a smaller 'pump' and therefore it won't last out too long. Once the supply increases to the exchanges it could crash hard. For the marketcap it is better to have a small daily % growth than to spike like it did. (Look what happened to DRK last time and there are many more examples)
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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testz
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August 22, 2014, 12:18:35 PM |
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I find that the current price is just a result of a smaller 'pump' and therefore it won't last out too long. Once the supply increases to the exchanges it could crash hard. For the marketcap it is better to have a small daily % growth than to spike like it did. (Look what happened to DRK last time and there are many more examples)
Please explain "supply increases", as you know BitSharesX starts from 2,000,000,000 BTSX and amount of BTSX can only decreases or stay same depend from delegates pay rate but not increases: http://wiki.bitshares.org/index.php/DPOS
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Lauda
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August 22, 2014, 12:20:27 PM |
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I find that the current price is just a result of a smaller 'pump' and therefore it won't last out too long. Once the supply increases to the exchanges it could crash hard. For the marketcap it is better to have a small daily % growth than to spike like it did. (Look what happened to DRK last time and there are many more examples)
Please explain "supply increases", as you know BitSharesX starts from 2,000,000,000 BTSX and supply can only decreases depend from delegate pay rate but not increases: http://wiki.bitshares.org/index.php/DPOSA) The exchanges can only trade their stake (stake that was held by them during snapshot). Once the chain is released others can transfer funds and sell on theses exchanges too which increased the supply. Price should fall
That's what I read and that made me come to that statement. Is he wrong and therefore I'm being wrong? Yes I do know what the supply of the coin is. I did not however know about the supply decrease due to that. Thank you for the info.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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kokojie
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August 22, 2014, 01:14:22 PM |
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I find that the current price is just a result of a smaller 'pump' and therefore it won't last out too long. Once the supply increases to the exchanges it could crash hard. For the marketcap it is better to have a small daily % growth than to spike like it did. (Look what happened to DRK last time and there are many more examples)
Supply increase from what? all 2B supply has been distributed and in the hands of share holders. Each day thousands of BTSX in transaction fees are destroyed, slightly enriching all shareholders (a form of dividend).
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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kokojie
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August 22, 2014, 01:16:23 PM Last edit: August 22, 2014, 01:40:22 PM by kokojie |
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That's what I read and that made me come to that statement. Is he wrong and therefore I'm being wrong? Yes I do know what the supply of the coin is. I did not however know about the supply decrease due to that. Thank you for the info.
He was talking about before the release of the client, only bter snapshots were trading, since non-bter snapshots were not available yet pending release of client. This already happened months ago, right now all supply is released and accounted for. Also, the price as only gone up since then. I don't think the BTSX shareholders will be the "quick to dump" type. We didn't buy and hold AGS/PTS for over 6 months, only to dump "our precious" BTSX as soon as we get them. At least I will be a permanent shareholder of BTSX (and also my AGS/PTS), because it's potentially much more rewarding to be a "hodler" in the ecosystem. I have already received free money from multiple DACs just for holding my AGS/PTS. Most recent being DNS/Vote.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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mickyd
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August 30, 2014, 08:57:18 AM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many
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chryspano
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August 30, 2014, 11:56:41 AM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Bitshares forum has 102004 posts 7116 topics and 6054 registered users, If you are serious about bitshares then https://bitsharestalk.org/ is the place to go.
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Este Nuno
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amarha
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August 30, 2014, 02:11:31 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Because Bitcointalk is poison.
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kokojie
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September 03, 2014, 02:08:03 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Because Bitshares is big enough to have its own forum. There are exactly 0 crypto have a larger forum/community activity than Bitshares (except maybe LTC, and LTC has a much longer history).
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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Este Nuno
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amarha
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September 03, 2014, 04:26:51 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Because Bitshares is big enough to have its own forum. There are exactly 0 crypto have a larger forum/community activity than Bitshares (except maybe LTC, and LTC has a much longer history). NXT perhaps? Not sure if it's as active or not, but they have a decent sized community with their own forum as far as I can tell.
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testz
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September 03, 2014, 04:55:07 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Because Bitshares is big enough to have its own forum. There are exactly 0 crypto have a larger forum/community activity than Bitshares (except maybe LTC, and LTC has a much longer history). NXT perhaps? Not sure if it's as active or not, but they have a decent sized community with their own forum as far as I can tell. NXT has strong and nice community (they also have self forum) but by forums statistics BitShares community bigger.
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Este Nuno
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amarha
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September 03, 2014, 06:20:45 PM |
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I am also very surprised! I've Heard until now nothing of bitshares! Was there an ipo?
BTSX has a own bitcointalk thread? Cannot find it
BitShares from beginning has self forum https://bitsharestalk.org all discussion and things happened at this forum. Usually community members just cross post important info here. If you want be up to date about BitShares and another important crypto world info, join BitSharesTalk. I don't unterstand why some Coins like bitshares move there discussions on their own forum! It is too cumbersome for me and certainly for many other's to register for any coin on their own forum! There are far too many Because Bitshares is big enough to have its own forum. There are exactly 0 crypto have a larger forum/community activity than Bitshares (except maybe LTC, and LTC has a much longer history). NXT perhaps? Not sure if it's as active or not, but they have a decent sized community with their own forum as far as I can tell. NXT has strong and nice community (they also have self forum) but by forums statistics BitShares community bigger. Do you think this is due to the large Chinese community that Bitshares has?
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testz
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September 03, 2014, 06:47:56 PM |
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Do you think this is due to the large Chinese community that Bitshares has?
I think yes, but even without Chinese community BitShares big enough and comparable to NXT community.
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