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Author Topic: Profit from the slow decline of BTC while holding [PPC]  (Read 1552 times)
Hyena
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September 16, 2014, 01:23:57 PM
 #1

Yesterday I panic-bought 3000 PPC when NuBits release date was announced: http://nubits.com/

Yes, I sold most of my hot-wallet bitcoins and bought peercoins because if you look at the PPC/BTC history:
http://www.cryptocoincharts.info/pair/ppc/btc/btc-e/alltime


you will see that it's been a year since PPC traded that low against BTC and many great news are about to come in near future (PeerShares, NuBits, Cold Minting). It is also known that should BTC skyrocket, PPC goes even higher (just look at the last PPC/BTC bubble and you will see that it correlates positively to the last BTC/USD bubble).

When I bought into PPC yesterday it traded 0.0017 BTC/PPC and now it's already 0.0021 BTC/PPC. I'm bullish on bitcoin but while it's having a mid-term low I'd suggest buying into promising altcoins and grow your stash without becoming bearish on cryptocurrencies in general.

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HI-TEC99
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September 16, 2014, 01:27:27 PM
 #2

What's PeerShares?
Hyena
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September 16, 2014, 01:54:00 PM
 #3

What's PeerShares?

I'm glad you asked Cheesy because PeerShares is the very reason I'm so bullish on Peercoin. You can check it out here: http://peershares.net/

But simply put, peershares allows anyone to easily create their own PoS based shares as a separate block chain. These shares can be traded on exchanges similarly to altcoins in general. However, it has built into the PeerShares protocol that the issuer of the shares can easily send dividends to all the shareholders. The dividends will be sent as peercoins.

Simple use case for PeerShares:
You have a great idea of another Satoshi Dice implementation. You create 1000000 shares out of thin air and sell them to investors. Now when your project starts generating revenue you are going to pay dividends to the shareholders but thanks to PeerShares you don't have to track the ownership of the shares yourself. Instead you will just throw the peercoins into the PeerShares network as dividends and they become available to every shareholder accordingly to their share. The shareholders can sell their shares even OTC if they wanted to.

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September 16, 2014, 02:13:10 PM
 #4

What's PeerShares?

I'm glad you asked Cheesy because PeerShares is the very reason I'm so bullish on Peercoin. You can check it out here: http://peershares.net/

But simply put, peershares allows anyone to easily create their own PoS based shares as a separate block chain. These shares can be traded on exchanges similarly to altcoins in general. However, it has built into the PeerShares protocol that the issuer of the shares can easily send dividends to all the shareholders. The dividends will be sent as peercoins.

Simple use case for PeerShares:
You have a great idea of another Satoshi Dice implementation. You create 1000000 shares out of thin air and sell them to investors. Now when your project starts generating revenue you are going to pay dividends to the shareholders but thanks to PeerShares you don't have to track the ownership of the shares yourself. Instead you will just throw the peercoins into the PeerShares network as dividends and they become available to every shareholder accordingly to their share. The shareholders can sell their shares even OTC if they wanted to.

so its basically just another asset exchange.


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Hyena
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September 16, 2014, 02:30:29 PM
 #5

so its basically just another asset exchange.

it's not an exchange. Exchanges can integrate PeerShares if they want to but PeerShare block chains can be created by anyone without the need to create a new altcoin.

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September 17, 2014, 09:47:51 PM
 #6

wow, peercoin went from $1 when this thread started to 1.40 in like 2 days. im impressed. should have listened.


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OrientA
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September 18, 2014, 11:25:03 AM
 #7

I'm glad you asked Cheesy because PeerShares is the very reason I'm so bullish on Peercoin. You can check it out here: http://peershares.net/

But simply put, peershares allows anyone to easily create their own PoS based shares as a separate block chain. These shares can be traded on exchanges similarly to altcoins in general. However, it has built into the PeerShares protocol that the issuer of the shares can easily send dividends to all the shareholders. The dividends will be sent as peercoins.

Simple use case for PeerShares:
You have a great idea of another Satoshi Dice implementation. You create 1000000 shares out of thin air and sell them to investors. Now when your project starts generating revenue you are going to pay dividends to the shareholders but thanks to PeerShares you don't have to track the ownership of the shares yourself. Instead you will just throw the peercoins into the PeerShares network as dividends and they become available to every shareholder accordingly to their share. The shareholders can sell their shares even OTC if they wanted to.

I think it is a good idea for issuing share and keep track the ownership. But we need regulators to protect investors.
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September 19, 2014, 04:35:42 PM
 #8

I think it is a good idea for issuing share and keep track the ownership. But we need regulators to protect investors.

I don't see how it couldn't work with regulations. PeerShares is just a technology. You can still build regulations on top of that.

Speaking of PPC, god it tripled its value since I bought in Cheesy



Starts to look like a parabolic rise already Cheesy and it's not even 23rd yet. Will we see some premature crashes like with AuroraCoin?

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