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Offline mike623317

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What's the realistic BTS potential?
« on: December 18, 2014, 02:02:54 AM »

Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

Offline islandking

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Re: What's the realistic BTS potential?
« Reply #1 on: December 18, 2014, 02:33:20 AM »
Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

A trillion dollar market cap would push the price per share into the hundreds. If Bitshares delivers on what it promises a trillion dollars is possible.Most brokerage firms worth their salt manage a few trillion.

It may seem crazy but if I posted on Bitcointalk in 2009-2010 that Bitcoin would go from $0.10 to $1200 people would laugh at me. The trick is to hold on and not sell out otherwise you will end up like thise people who sold bitcoin at $1 instead of holding. In my opinion Bitshares will either change finance or it will fail, no in between.

Realistically I think $10 is acheivable. (roughly 30 billion)  I am curious on what other people think.I might be crazy but I see huge potential if Bitshares works.
« Last Edit: December 18, 2014, 02:42:08 AM by islandking »
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Offline hpenvy

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Re: What's the realistic BTS potential?
« Reply #2 on: December 18, 2014, 02:39:34 AM »
Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

A trillion dollar market cap would push the price per share into the hundreds. If Bitshares delivers on what it promises a trillion dollars is possible.Most brokerage firms worth their salt manage a few trillion.

Realistically I think $10 is acheivable. (roughly 30 billion)  I am curious on what other people think.I might be crazy but I see huge potential if Bitshares works.

If we continue to consolidate resources within NullStreet and everyone contributes a little of their talent consistently, I can see us hitting +$1 in a year or two.   Looking at Ripple's rise, I'm a believer IF everyone continues to do their part.
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Offline lil_jay890

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Re: What's the realistic BTS potential?
« Reply #3 on: December 18, 2014, 04:07:37 AM »
Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

A trillion dollar market cap would push the price per share into the hundreds. If Bitshares delivers on what it promises a trillion dollars is possible.Most brokerage firms worth their salt manage a few trillion.

It may seem crazy but if I posted on Bitcointalk in 2009-2010 that Bitcoin would go from $0.10 to $1200 people would laugh at me. The trick is to hold on and not sell out otherwise you will end up like thise people who sold bitcoin at $1 instead of holding. In my opinion Bitshares will either change finance or it will fail, no in between.

Realistically I think $10 is acheivable. (roughly 30 billion)  I am curious on what other people think.I might be crazy but I see huge potential if Bitshares works.

I don't think bitshares succeeding is black and white, either we take over the world or fail thing.  We will most likely end up somewhere in between.  There is a lot of money sloshing around and many crypto projects are going to have mkt caps over 100bil in the next 10 years.  BTS at 1.50/share next year wouldn't be out of the realm of possibilities, we just need money to continue flowing into ripple and other 2.0 currencies.  The bear market in crypto is ending based by the positive divergences in some alt coins.  This is a classic trading strategy when trading.  For example oil may be falling and falling, but once you see oil service names start rising even when oil is falling you know a bottom is coming.  A canary in the coal mine sort of speak.  Crypto is the coal mine and ripple is the canary.  Hopefully bitshares follows.

Offline D4vegee

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Re: What's the realistic BTS potential?
« Reply #4 on: December 18, 2014, 04:32:01 PM »
Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

A trillion dollar market cap would push the price per share into the hundreds. If Bitshares delivers on what it promises a trillion dollars is possible.Most brokerage firms worth their salt manage a few trillion.

It may seem crazy but if I posted on Bitcointalk in 2009-2010 that Bitcoin would go from $0.10 to $1200 people would laugh at me. The trick is to hold on and not sell out otherwise you will end up like thise people who sold bitcoin at $1 instead of holding. In my opinion Bitshares will either change finance or it will fail, no in between.

Realistically I think $10 is acheivable. (roughly 30 billion)  I am curious on what other people think.I might be crazy but I see huge potential if Bitshares works.

I don't think bitshares succeeding is black and white, either we take over the world or fail thing.  We will most likely end up somewhere in between.  There is a lot of money sloshing around and many crypto projects are going to have mkt caps over 100bil in the next 10 years.  BTS at 1.50/share next year wouldn't be out of the realm of possibilities, we just need money to continue flowing into ripple and other 2.0 currencies.  The bear market in crypto is ending based by the positive divergences in some alt coins.  This is a classic trading strategy when trading.  For example oil may be falling and falling, but once you see oil service names start rising even when oil is falling you know a bottom is coming.  A canary in the coal mine sort of speak.  Crypto is the coal mine and ripple is the canary.  Hopefully bitshares follows.

 +5% +5%

Offline Ander

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Re: What's the realistic BTS potential?
« Reply #5 on: December 22, 2014, 11:09:16 PM »
500 Knives.  8)
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Offline CLains

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Re: What's the realistic BTS potential?
« Reply #6 on: December 23, 2014, 01:22:38 AM »
If we reach a market cap 10x what we have now, each fully paid delegate will be earning 30 000$ a month. That means we can have potentially 100 teams of people all around the world working on developing, designing and promoting BitShares.

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Offline donkeypong

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Re: What's the realistic BTS potential?
« Reply #8 on: December 23, 2014, 08:01:49 PM »
If we reach a market cap 10x what we have now, each fully paid delegate will be earning 30 000$ a month. That means we can have potentially 100 teams of people all around the world working on developing, designing and promoting BitShares.

If we can hit a critical mass like this (it could even be less) and sustain it for awhile, then this thing is "game over". Continued growth will be inevitable and no one else will be able to compete.

Offline mdj

Re: What's the realistic BTS potential?
« Reply #9 on: December 23, 2014, 09:18:51 PM »
If we reach a market cap 10x what we have now, each fully paid delegate will be earning 30 000$ a month. That means we can have potentially 100 teams of people all around the world working on developing, designing and promoting BitShares.

If we can hit a critical mass like this (it could even be less) and sustain it for awhile, then this thing is "game over". Continued growth will be inevitable and no one else will be able to compete.

But couldn't we have more paid delegates at this point in time anyway? A team could just be several of them - a bit like how the main developers are votes in right now anyway

Offline mike623317

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Re: What's the realistic BTS potential?
« Reply #10 on: December 24, 2014, 05:51:32 PM »
If we reach a market cap 10x what we have now, each fully paid delegate will be earning 30 000$ a month. That means we can have potentially 100 teams of people all around the world working on developing, designing and promoting BitShares.

If we can hit a critical mass like this (it could even be less) and sustain it for awhile, then this thing is "game over". Continued growth will be inevitable and no one else will be able to compete.

I think that critical mass is the key. I just read the book on Amazon and it just sums up the concept beautifully. Once the word is out there and we have some on/off ramps i just cant imagine why you wouldnt want bitassets.

M

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Re: What's the realistic BTS potential?
« Reply #11 on: December 24, 2014, 08:22:23 PM »
Just interested to know what people realistically think BTS price could achieve. $1 seems to me to be  very achievable for such a technology, probably much more.

Thanks
M

A trillion dollar market cap would push the price per share into the hundreds. If Bitshares delivers on what it promises a trillion dollars is possible.Most brokerage firms worth their salt manage a few trillion.

Realistically I think $10 is acheivable. (roughly 30 billion)  I am curious on what other people think.I might be crazy but I see huge potential if Bitshares works.

If we continue to consolidate resources within NullStreet and everyone contributes a little of their talent consistently, I can see us hitting +$1 in a year or two.   Looking at Ripple's rise, I'm a believer IF everyone continues to do their part.

guilty :(

Offline nz

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Re: What's the realistic BTS potential?
« Reply #12 on: January 01, 2015, 04:51:41 PM »
It seems tome that we're getting close to the 1.0 and then some polishing. The marketing efforts are ramping up and some exchanges are reaching out to us. Still need to put in a lot of hard work though as i thin we need to be as polished as ripple (all their stuff looks sharp imo).

I have no idea what the real potential is, but if LTC can reach $50 it just doesnt seem right to me that BTS should be valued less when it does so much more. Imean where else can you save in gold and earn interest on it? You need to believe LTC will have value in the future, i would rather have a bitasset that pegged to something - gold, silver, usd or something else.

After all that, i guess we will just have to wait and see.
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose"

Offline mike623317

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Re: What's the realistic BTS potential?
« Reply #13 on: January 08, 2015, 05:47:12 AM »
It seems tome that we're getting close to the 1.0 and then some polishing. The marketing efforts are ramping up and some exchanges are reaching out to us. Still need to put in a lot of hard work though as i thin we need to be as polished as ripple (all their stuff looks sharp imo).

I have no idea what the real potential is, but if LTC can reach $50 it just doesnt seem right to me that BTS should be valued less when it does so much more. Imean where else can you save in gold and earn interest on it? You need to believe LTC will have value in the future, i would rather have a bitasset that pegged to something - gold, silver, usd or something else.

After all that, i guess we will just have to wait and see.

Temper your expectations IMO. If we got to the size of bitcoin, 40 billion, that would put us about a $15. I would be really happy if we could reach 10 billion market cap. Got to get to 1bn first  :o

Offline starspirit

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Re: What's the realistic BTS potential?
« Reply #14 on: January 08, 2015, 07:41:41 AM »
I'm possibly jumping way outside the current vision, but here's what's playing in my head.

Currently BTS only derives yield from the facilitation of movements (transactions) in its own ownership ledger (of which bitAssets are a useful derivative). Though this provides a critical transaction facilitation platform for BitShares, I can't help but think this must be a limited income stream because users will always seek to minimise transaction costs. In my view, defining this as the business rather than a tool of the business also does not allow Bitshares to take on the far greater functionality that other businesses engage in, where the real value (and profit) is in the mobilisation of factors of production and the transformation of resources that transactions facilitate. This value-added activity always requires a level of human trust, judgment and intervention.

If such flexibility were designed in however, combined with the employment of advanced technological tools toward superior resource allocation, profit and incentive models, BitShares could become the ecosystem for globally decentralised business, with BTS ultimately developing as its core money (and bit-currencies as a stepping stone).

With this potentiality in mind, certain things would therefore trigger me to substantially increase my current evaluation of BitShares. For example:

1) developing concrete plans for complementary income streams that are less capital intensive than bitAssets
2) developing the toolkit for globally decentralised business, including the integrated use of multiple block-chains, security tools, reputation systems, and capital management systems, thereby facilitating the full functionality of industry
3) employing these tools in the development of business lines to dominate and replace traditional businesses such as banking and insurance
4) making use of a wider group of professionals and strategic partners (beyond coding and marketing, such as financial) to maximise future strategic opportunities

Wild thoughts.

 

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