BitShares X Now Trading!!! - page 4.

FandangledGizmo

legendary

Activity: 1138

Merit: 1001

Quote from: TaunSew on August 21, 2014, 02:47:33 PM

What is the distribution of Bitshares X? Never saw a link explaining it yet.

BitShares X held a donation period from the beginning of the year to 28th Feb. It raised a few thousand BTC. 50% was distributed to people who had AGS and 50% to people who had PTS on that date, not unlike the snapshots that are happening for BitShares DNS and The Vote DAC today.

Unfortunately the original donators lost out in the short term because when BitShares X was released in July, without the BitAsset functionality it traded for a lot less than they paid. (So from July till about 1-2 weeks ago you get it for less than donation investors.)

Quote from: TaunSew on August 21, 2014, 02:51:54 PM

When is for awhile? Other then commenting on the Ethereum-Bitshares relationship, I've made almost no posts about it.

Ok then my bad. I seemed to associate you with 'BitShares negative' in my mind but that might have just been about those posts you just mentioned

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: FandangledGizmo on August 21, 2014, 02:48:39 PM

Quote from: TaunSew on August 21, 2014, 02:39:39 PM

Quote from: FandangledGizmo on July 29, 2014, 05:57:59 PM

Just saw this on the BitShares forums from the lead developer/founder of BitShares, was posted an hour ago. It's obviously not trading advice, just sharing, do with it what you will.

Quote from: deadlizard on April 13, 2011, 06:38:22 AM

We are working with some of the best marketing gurus in the industry and are planning the assault.

This is the primary focus of our trip to st marten.

All I know is some people with serious money are about to buy into btsx and market the hell out of it.

BitShares X is awesome and BitAssets, being released in August will be the nuts, but it's nice to hear there's some more marketing (and perhaps other investment) coming on board, because that's what I feel has been lacking.

https://bitsharestalk.org/index.php?topic=6380.msg84969#msg84969

I'm somewhat skeptical as Quark Coin accomplished the same thing, getting a few celebrities and rich fund types to throw their money in, but the capitalization bubble wasn't sustained due to a lack of subsequent buyers. Similar things happened to Mastercoin and such.

Yes, you've been telling people you're dubious of BTSX for a while.
You clearly don't understand the impact of BitAssets at all.
The Chinese do.
I think most of you guys are going to have to see them in action to have that 'Aha moment'

When is for awhile? Other then commenting on the Ethereum-Bitshares relationship, I've made almost no posts about it.

All I see in BitAssets is something that looks like it was copied from NXT's asset exchange. The current capitalization growth for Bitshares X looks like a hype buy and there's no ROI due to $40+ million capitalization. Beating NXT is easy but no proof it'll take on LTC. Anyone who buys Bitshares X at the moment is likely going to end up as a bagholder.

FandangledGizmo

legendary

Activity: 1138

Merit: 1001

Quote from: TaunSew on August 21, 2014, 02:39:39 PM

Quote from: FandangledGizmo on July 29, 2014, 05:57:59 PM

Just saw this on the BitShares forums from the lead developer/founder of BitShares, was posted an hour ago. It's obviously not trading advice, just sharing, do with it what you will.

Quote from: deadlizard on April 13, 2011, 06:38:22 AM

We are working with some of the best marketing gurus in the industry and are planning the assault.

This is the primary focus of our trip to st marten.

All I know is some people with serious money are about to buy into btsx and market the hell out of it.

BitShares X is awesome and BitAssets, being released in August will be the nuts, but it's nice to hear there's some more marketing (and perhaps other investment) coming on board, because that's what I feel has been lacking.

https://bitsharestalk.org/index.php?topic=6380.msg84969#msg84969

I'm somewhat skeptical as Quark Coin accomplished the same thing, getting a few celebrities and rich fund types to throw their money in, but the capitalization bubble wasn't sustained due to a lack of subsequent buyers. Similar things happened to Mastercoin and such.

Yes, you've been telling people you're dubious of BTSX for a while.
You clearly don't understand the impact of BitAssets at all.
The Chinese do.
I think most of you guys are going to have to see them in action to have that 'Aha moment'

TaunSew

hero member

Activity: 756

Merit: 506

What is the distribution of Bitshares X? Never saw a link explaining it yet.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: TaunSew on August 21, 2014, 02:39:39 PM

I'm somewhat skeptical as Quark Coin accomplished the same thing, getting a few celebrities and rich fund types to throw their money in, but the capitalization bubble wasn't sustained due to a lack of subsequent buyers.

Quark failed because it takes more than an innovative PoW algorithm to make a successful coin. Furthermore, their distribution was whack...

* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)

It was great if you got in during the first 6 months, but it was doomed for failure after this first 6 months because investors coming in after that time period wouldn't touch it with a 10 foot pole because the distribution was unfair.

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: FandangledGizmo on July 29, 2014, 05:57:59 PM

Just saw this on the BitShares forums from the lead developer/founder of BitShares, was posted an hour ago. It's obviously not trading advice, just sharing, do with it what you will.

Quote from: deadlizard on April 13, 2011, 06:38:22 AM

We are working with some of the best marketing gurus in the industry and are planning the assault.

This is the primary focus of our trip to st marten.

All I know is some people with serious money are about to buy into btsx and market the hell out of it.

BitShares X is awesome and BitAssets, being released in August will be the nuts, but it's nice to hear there's some more marketing (and perhaps other investment) coming on board, because that's what I feel has been lacking.

https://bitsharestalk.org/index.php?topic=6380.msg84969#msg84969

I'm somewhat skeptical as Quark Coin accomplished the same thing, getting a few celebrities and rich fund types to throw their money in, but the capitalization bubble wasn't sustained due to a lack of subsequent buyers. Similar things happened to Mastercoin and such.

testz

legendary

Activity: 1764

Merit: 1018

Quote from: CoinHoarder on August 21, 2014, 02:30:52 PM

Haha, very soon! Grin

But everybody still have time to buy PTS at bter or btc38 and left onto exchange, they commit to make snapshot and you get all your new shares at exchange.
Don't buy PTS at Cryptsy - they will not give you anything.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: testz on August 21, 2014, 02:26:25 PM

Quote from: CoinHoarder on August 21, 2014, 02:11:28 PM

Quote from: jrossIV on August 21, 2014, 02:08:13 PM

Wow and I just sold 25000 NXT of my 50k and bought in. When I first noticed BTSX I was for sure it was some weird pump and dump scheme. The name is a bit cheesy.

Then I read Bitshares Wiki to see what it is and it seems like a completely new thing. If I understand it correctly, it could be the next Wall Street with all these strange derivatives. I don't know how likely, but seems like as good of a place as anywhere to diversify in the crypto-space.

Definitely not a pump and dump, they have a lot of good ideas and projects planned. BitshareSX is only the first. I suggest getting into Protoshares to get in on the ground floor for future DACs. The BitsharesVote and BitsharesDNS snapshots are coming up soon.

Soon = 5 hours, last block of BitShares PTS for 21 August 23:59:59 GMT
https://bitcointalksearch.org/topic/dual-snapshot-for-bitshares-pts-732434

Haha, very soon! Grin

testz

legendary

Activity: 1764

Merit: 1018

Quote from: CoinHoarder on August 21, 2014, 02:11:28 PM

Quote from: jrossIV on August 21, 2014, 02:08:13 PM

Wow and I just sold 25000 NXT of my 50k and bought in. When I first noticed BTSX I was for sure it was some weird pump and dump scheme. The name is a bit cheesy.

Then I read Bitshares Wiki to see what it is and it seems like a completely new thing. If I understand it correctly, it could be the next Wall Street with all these strange derivatives. I don't know how likely, but seems like as good of a place as anywhere to diversify in the crypto-space.

Definitely not a pump and dump, they have a lot of good ideas and projects planned. BitshareSX is only the first. I suggest getting into Protoshares to get in on the ground floor for future DACs. The BitsharesVote and BitsharesDNS snapshots are coming up soon.

Soon = 5 hours, last block of BitShares PTS for 21 August 23:59:59 GMT
https://bitcointalksearch.org/topic/dual-snapshot-for-bitshares-pts-732434

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: jrossIV on August 21, 2014, 02:08:13 PM

Wow and I just sold 25000 NXT of my 50k and bought in. When I first noticed BTSX I was for sure it was some weird pump and dump scheme. The name is a bit cheesy.

Then I read Bitshares Wiki to see what it is and it seems like a completely new thing. If I understand it correctly, it could be the next Wall Street with all these strange derivatives. I don't know how likely, but seems like as good of a place as anywhere to diversify in the crypto-space.

Definitely not a pump and dump, they have a lot of good ideas and projects planned. BitshareSX is only the first. I suggest getting into Protoshares to get in on the ground floor for future DACs. The BitsharesVote and BitsharesDNS snapshots are coming up soon.

CoinHoarder

legendary

Activity: 1484

Merit: 1026

In Cryptocoins I Trust

Quote from: FandangledGizmo on August 21, 2014, 01:55:13 PM

Looks like there's <200 BTC worth of sell walls to take BTSX all the way to $50 million.

Nearly a $1 million 24 hour volume, the Chinese market BTSX/CNY certainly get's it. I'm sure most alt-coiners will only get what a big thing BitAssets are in a couple of days.

Glad to see one of the projects I have been suggesting to friends and family going on such a bull run. It makes me look like a genius. After most of them did not listen to me about Bitcoin, Litecoin, and now Bitshares.. maybe they will start to take me more seriously hahaahahaha. Wink

It was so f easy to see Bitshares was destined for success IMO. Now I just need Swarm to do something and I will be 4 for 4.

jrossIV

newbie

Activity: 28

Merit: 0

Wow and I just sold 25000 NXT of my 50k and bought in. When I first noticed BTSX I was for sure it was some weird pump and dump scheme. The name is a bit cheesy.

Then I read Bitshares Wiki to see what it is and it seems like a completely new thing. If I understand it correctly, it could be the next Wall Street with all these strange derivatives. I don't know how likely, but seems like as good of a place as anywhere to diversify in the crypto-space.

FandangledGizmo

legendary

Activity: 1138

Merit: 1001

Looks like there's <200 BTC worth of sell walls to take BTSX all the way to $50 million.

Over a $1 million 24 hour volume, the Chinese market BTSX/CNY certainly get's it. I'm sure most alt-coiners will only get what a big thing BitAssets are in a couple of days.

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: brekyrself on August 20, 2014, 08:02:00 PM

Quote from: jasemoney on August 20, 2014, 07:27:10 PM

maybe i need to read more, but why would people be trading for bitUSD when they know btsx is becoming more valuable?

Check out this thread:

https://bitsharestalk.org/index.php?topic=6887.0

thanks for the link!

Quote

*edit, highlights from user Bytemaster:
"You can trade against BitGold/Silver/Etc in ForEx
You can hedge against BTS X volatility without creating taxable events or going through a centralized exchange.
You can pay merchants in BitUSD without having to use a service like BitPay to handle volatility risk.
You can support easier cross-chain-trading with market-pegged assets on both chains.
If you are also holding BXTS holding BitUSD helps support the price of BTSX by generating demand for BitUSD."

brekyrself

hero member

Activity: 547

Merit: 502

Quote from: jasemoney on August 20, 2014, 07:27:10 PM

maybe i need to read more, but why would people be trading for bitUSD when they know btsx is becoming more valuable?

Check out this thread:

https://bitsharestalk.org/index.php?topic=6887.0

mikhael

sr. member

Activity: 317

Merit: 317

Quote from: jasemoney on August 20, 2014, 07:27:10 PM

maybe i need to read more, but why would people be trading for bitUSD when they know btsx is becoming more valuable?

May be most people haven't realized it but they will soon.

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

maybe i need to read more, but why would people be trading for bitUSD when they know btsx is becoming more valuable?

Cygnify

full member

Activity: 140

Merit: 100

Quote from: brekyrself on August 20, 2014, 06:15:03 PM

Assuming Cryptolina and BTSX market features being around the corner are the reason for the huge trade volume?

Plus, I think people are starting to work out the implications of what BitSharesX brings to the table. It's still way undervalued if you ask me.

EDIT: Also expect a coindesk article in the next few days too.

FandangledGizmo

legendary

Activity: 1138

Merit: 1001

Quote from: brekyrself on August 20, 2014, 06:15:03 PM

Assuming Cryptolina and BTSX market features being around the corner are the reason for the huge trade volume?

Yip, the imminent release of BitAssets and BTSX market features...

brekyrself

hero member

Activity: 547

Merit: 502

Assuming Cryptolina and BTSX market features being around the corner are the reason for the huge trade volume?

Topic: BitShares X Now Trading!!! - page 4. (Read 12665 times)