SolidSnake wrote on 31
st Dec, 2014 at 10:48pm:
So, what's the best deal right now?
I think the best deal is to buy BAPs and wait for your shares to reach breakeven or higher
Quote:The lower price has to be sold first before the price gets higher?
So, is it possible that there are people with shares that have not placed a deal yet so that price could get lower?
Is $0.0397-8... a low enough price to purchase shares or should we wait a bit more?
You are right. There could be shares coming to market but it looks like people are willing to absorb those sales. I don't think it will go much lower. The last time we had a swap, shares bottomed almost immediately, so I think we have seen the bottom. I think for a long term play it would be safe to buy. If you want to diversify then you could keep what you have in shares and then expand your BAP buys...hard to go wrong here
All I can tell you is what I have done. I withdrew all my bids at .006 and will be putting that money into BAPs but I also have a ton of shares so that my investments are 50% BAP and 50% shares.
Quote:User Bids
In that one we see the highest valued current request for shares by members?
So, to my understanding does that mean that the one offering more money/quantity will get his shares first but at the higher price?
Yes, you can offer the difference between the bid and the ask. If you offer above the ask someone will snap that up immediately and above the bid will get you the first customer that comes along willing to pay that price.
Quote:Finally the lower frame : Shares listed for Sale for BAP
I think this is the one I don't want to touch... lol
Can we also sell BAP for shares right now?
Yes, you can but that is a very confusing market and the best way to lose money. I don't even want to think about it because it takes into the consideration of time and the value of a dollar that buys 3100 BAPs (which is equal to $1.55). It is the closest thing to a futures market and is way too much thinking for me.
The only way I'd deal with that is if I were desperate for cash and had only BAPs because then you could unload the BAPs for shares and the shares for cash
Quote:I'm thinking what my next move would be..
I'm between splitting my investment between shares and BAPs or simply purchase BAPs to benefit from the advertising and the speed..
Diversification is very important in this site as we have just learned. I'd probably do what you are doing and then work on building up some cash in my accounts as well. I don't know if BAP swaps are going to be the norm for swaps in the future but if they are then having some cash for that day is not such a bad strategy.
BAP swaps are a brand new experience for the site so as we learn the effectiveness, the site will go through a dynamic learning curve. This is why I like trading. It is the electronic equivalent of a living thing that grows and changes up to the minute