I'm getting tired of the spam subject "Why I am afraid that the price of BTS is rising" which looks horrible in the "most recent posts" summary of the forum. None of us should be afraid of a rising BTS price. That's what most of us want to see isn't it?
Just because it 'makes you tired' and/or you disagree with it, doesn't make it spam.
Higher priced BTS may be what most of us want, but unless the new higher price is reached with sound fundamentals, then people are only setting themselves up for disappointment.
the price gets higher. Personally I don't think it's sound that in 4 days the price jumps by roughly +130%, if you do I have some wonderful beachside property you may be interested in ..
I'd be interested to know if anyone can predict what they think BTS might be by the end of September 2015
Last week nobody could predict the absurd rise this week, and you want forecasts for September?
Other than 'To the moon!' I don't have any prediction to offer. I think if the GUI is stabilized, mobile wallet hits stable release, BItAssets remain viable, documentation is updated and people can buy/sell things easily with BitAssets, then it seems logical that the price will rise.
Either way BitShares is worth much more than $16mil, that's for sure.
But for now? Why would it rise like this? I'd be very surprised if you can buy stuff with BitAssets in more than 10 shops.
It's basically an instrument for speculation, and even before hitting the 'normal people' (which it only will do when shops regularly accept bitassets, buying bitassets/bts is simpler, and the gui is stabilized - and even then, no guarantees!) we should stop to consider than even inside the cutting edge that is being in the cryptocurrency scene, few users of other coins use BitAssets as a hedge against fluctuations in their currency.
For instance, it would make much more sense IMO for bitpay (random example) to allow transfering incoming btc payments to a bitshares account with bitusd.
Either people don't believe bitassets can truly preserve wealth (to extent that the underlying asset does) or we have some heavy marketing to do in that department. For even without mainstream adoption the opportunities are already so many..