What will happen to BitShares and Peerplays during the next few months, especially on the 15th of September and 5th of November ?

in bitshares •  8 years ago 

I follow these communities and market for a while now. I'll give you my perspective on the matter.

First, let's consider the BitShares current state :

BitShares have some very interesting new development undergoing.
We have Peerplays about to launch. It will run on Graphene, the same technology as BitShares. This will create good publicity for BitShares but not only that, it is very probable synergies will be created between Graphene chains. BitShares core feature is its decentralised exchange and Peerplays will be dealing with lots of "coins", "assets" or "tokens" in its platform for every game that it will host. You can see where it's going !

Steem also is a blockchain technology running on Graphene. It's also another way for new investors, traders, crypto enthusiasts to learn about BittShares.

Blockpay is finishing successfully the first part of its ICO. They'll have the funds to develop stealth transfers and anonymous accounts on the BitShares Blockchain. We saw with the recent success of Monero that this kind of feature is very important.
They are also creating a smartphone application similar to Whatsapp but with a built-in BitShares wallet. Imagine what you could do with such beauty in your pocket. As a reminder, BitShares transfers are made within 3 seconds. You could tip anyone instantaneously with your smartphone. You could split the bill at the restaurant. You could ... well, you could do lots of amazing things we can't think of right now.
They have the funds, the team, the time and energy to move their project much further. They have more plans but they are not revealing them at the moment.
All these future features, applications, projects will be built on top of BitShares. Interesting times !!!

There is not a lot of news at the moment but MUSE is also another Blockchain aiming to the music industry. Any time they can wake up with an update and bring more "graphene" chains development into the crypto scene.

To end this BitShares current state overview, I explain in a few words what is about to happen on the 5th of November. BitShares has been suffering from a selling pressure caused by an augmented dilution. That dilution come from the system use in the past to provide enough funds to keep the development going until the final product. These funds have been released slowly and still are. In 8 weeks it will end. This mean that the constant pressure on the market of BitShares will be removed !
You can see it as a helium balloon attach to a small rock, when the wind is favourable, it can lift up a little but eventually ends up going down afterwards. On the 5th of November, the rock will be removed !

Now let's consider Peerplays !

Peerplays has kindly decided to respect the BitShares tradition and sharedrop on the BTS holders after creating a chain based on the same technology.

There is a lot of enthusiasm around Peerplays and I'm very confident that the price will keep on rising. The gaming industry in enormous and full of people already oriented technology. It's an easy public target. Try to convince a random guy in the street to use cryptocurrency ... hmm.
Nonetheless, it can have a hard time around the 15th of September. Lots of tiny BTS holders will have some PEERPLAYS for free and may decide to sell them instead of keeping this insignificant sum of tokens. Others non-believer in the projects or wanting to invest in another project with more potential will also sell their PEERPLAYS. So if I had to guess, we may see the price suffering during a week or two after the sharedrop.

Conclusion

Some traders have probably bought BTS only to have free PEERPLAYS. These traders may sell all their BTS after the sharedrop window. Even if some of them will sell I suspect part of them are aware of the next coming event and are probably going to keep a part of their shares if not all.

It's no mystery for anyone, there will be a brief decrease in the BTS price around the 15th of September. If you think about it, some traders may start selling before. They' ll take the bet that the snapshot have been probably already done and they're are good to sell before the others.
If I had to guess, I would say will see some action around the 12-13th of September.
Anyway, if you are a long-term shareholder, this is none of your concern because November 5th will have a much profound effect of Bitshares that the end of the PEERPLAYS share drop.

This is only my perspective. If you feel you have something to add, consider dropping a comment below.

Have a lovely Monday, I’ll see you soon Steemers !

If you enjoyed the reading, consider following me , @GlitterFart

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Bitshares have a positive feedback mechanism in terms of price that more BTS are reserved to borrow bitAsset, the price will go higher, in turn more bitAsset can be borrowed.

Definitively one of the most exciting features in the platform !!!
Jademont, you are very active on the BitShares talks in Steem, you are a great source of news and information.
I wish I could read your mother tongue !

I'm glad you've dropped a comment in here, cheers ;)

I'd recently bought some BTS. I'm waiting for surprise.

Not a bad time ! Buy BTS is great but reading and learning about what BitShares can do ... is just mind blowing !

I guess you are already satisfied by your recent purchase ...

Thanks. I'm a newbie in cryprocurrency world and recently started to follow BTS news. Found your post insightful as you share your own thoughts. Could you please tell me in a bit more details (or give a link) about giveaway of Peerplays on the basis of BTS balance

Easy, you keep your BTS in a BTS wallet (OpenLedger or .Freedomledger for example) between the 1st and 15th of September and you'll receive your free PEERPLAYS.
More details on how it works here : http://www.peerplays.com/news/bts-snapshot-date/

  ·  8 years ago (edited)

Thanks for this nice informative article, guess i go and buy some bitshares now :) Follow you now.

Don't forget to withdraw them from the exchange and keep them in a wallet at least for the 2 next week to get your free PEERPLAYS ;)

I think it's not a terrible time to grab some more BTS. We may have a last pump today or tomorrow before the sharedrop starts.

off the topic, i am only here because i wanted to let you know i have followed you for the single reason, your user its just so funny @glitterfart

That means my diabolic plan is working !! Mua ha ha ha !

I wanted something funny so people could easily remember me. I wasn't expecting followers based only on my name but why not ! I'll try to write nice content so you don't regret pressing the "follow" button ;p

I'm not sure I agree with people arguing that it is the sharedrop doing this -- yes there is a sharedrop and i hope everything goes well with that but the bts ecosystem is al ot more than that.

I mean Blockpay is doing big things. They pretty much raised 500k (1/20 of the market cap of bts in a couple days) You just can't keep Ronny Boesing down. He is gonna be the man in 10 years at this rate. Bitland wants to do great admirable things.

Long live BTS! Love live the internet! LONG LIVE INFORMATION.

I totally agree but this small piece of reflexion I wrote is aimed for everyone to read in Steemit. I didn't want to get into details to avoid to bore to the casual reader.
Obviously, the share drop is only responsible for a part of the price increase.
There is a lot more going on but I figured the ones who already knows didn't need a reminder ;p

If I get some votes on this one I'll consider writing about the Ronny project ... wait ... empire ... wait ... decentralised conglomerate ;)

BTS is long overdue for a growth spurt. I'm also slowly starting to grow to love the DEX platform, the volume still isn't as high as I would like to see but these thing take time.

Recently it has been increasing nicely.
I guess you trade on the BitCNY market ? If not, take a look, the volume allows you to trade BTS : stable FIAT with low spread.

Here a little snapshot for the one who may not be aware that the decentralised exchange of BitShares is dealing with thousands of Tx / day and is definitively taking off !

What do you think the true price of bts will be after the final product is done?

BitShares is built in a way that it will be always improving itself based on the reserve fund and the share holders decisions.
There is not limit but I can see BitShares market cap easily reaching 1 billion dollars with some traction of its decentralised exchange.

I've invested in Bitshares back in 2014 and increased my position several times now, and I still believe in the long run this investment will be a homerun. BUT, there is still a lot of work that needs to be done to ensure Bitshares' users have a top of the class experience using it. And it needs people trading and using the DEX regularly. The good thing is that serious players are currently working to improve that.

On top of that Bitshares needs shareholders that will inform themselves and learn more about the platform and its mechanic. Bitshares has a powerful built in voting platform for shareholders to vote on proposals, or to choose a proxy to which they can delegate their voting power (usually trusted members) . Bitshares shareholders can vote directly with their stake on any change proposed to improve the protocol, or any other spending taken from the reserve pool.

In any case, no matter what the share price is now, I believe it will be irrelevant in the long run. I have no plan to sell any time soon, and yes I believe Bitshares is doomed to succeed. Maybe not in a month, but it is and will still be a serious player on the crypto scene for several years to come.

I share your point of view, I also have increased my position several times.
BitShares have, indeed, a lot of areas where it can improve but the product as it is today is far ahead the rest of the blockchain project aiming to decentralised economy management and exchanges.
With Openledger entrepreneurial energy, Blockpay innovation and efficacity, the end of the merger, the futures synergies between Steem, Peerplays, Muse and other graphene chains, I'm very optimistic about the future of BitShares !

Any idea for peerplays sharedrop ratio/reward in every BTS? Will 10k BTS gain something?
Thanks for the post. Not aware about the "small rock release" on 5th Nov. In such case, will then be holding my BTS.

Last time someone made an estimation it was around 1 PEERPLAY / 32k BTS. You'll have around 0.3 PEERPLAY ;)