Thoughts on the price of btsx ? aka Bitshares X

[FriendsOfBitshares]

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 ?

[xeroc]

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!

[nextlevelnem]

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 ?

[SanMerryDro]

It is best to abandon Bitshares

[FriendsOfBitshares]

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. 

[KimNam]

in recent days, some people talk about bitshares, invest there and etc
is it profitable anyway? I never heard bitshares before

[FriendsOfBitshares]

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.

[KimNam]

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?

[FriendsOfBitshares]

I am not sure what the ETA for Bitshares X.  It is getting close.

As far as updates, this is the best place for resources http://wiki.bitshares.org/index.php/Status_Updates

[brekyrself]

https://bitcointalk.org/index.php?topic=675455.0

Looks like the exchanges are still not allowing deposits or withdrawals so valuation is based upon their small collection.  Let's see what happens over the next week since the wallet is now available for download.  http://www.dacsunlimited.com/index_en.html

[coininaction]

https://github.com/dacsunlimited/bitsharesx/releases

http://www.bitshares-x.info

[mickyd]

BTSX has a own bitcointalk thread? Cannot find it

[Mobius7]

BTSX has a own bitcointalk thread? Cannot find it

There is an official support thread for BTSX in the altcoin section. (link: https://bitcointalk.org/index.php?topic=707593.0)

[axxo]

BTSX has a own bitcointalk thread? Cannot find it

There is an official support thread for BTSX in the altcoin section. (link: https://bitcointalk.org/index.php?topic=707593.0)

I'm really surprised the thread is not as active as I thought but amazingly its #3 on Coin Market Cap.

[mickyd]

BTSX has a own bitcointalk thread? Cannot find it

There is an official support thread for BTSX in the altcoin section. (link: https://bitcointalk.org/index.php?topic=707593.0)

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?

[kisa2005]

bitsharestalk.org
http://wiki.bitshares.org/index.php/Bitshares-x-how-to
bitshares.org
https://docs.google.com/document/d/1RLcjSXWuU9vBJzzqLEXVACSCdn8zXKTTJRN_LfoCjNY/edit?pli=1

[testz]

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.
 

[Lauda]

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)

[testz]

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

[Lauda]

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/DPOS

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

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.