I hate to be right about these things but I think we are almost exactly at bottom. $15 million is the floor and from there I predict we'll go up in price eventually or fluctuate between $15-18 million for the next few months.
I hope people took my advice and bought some BitUSD prior to the most recent price drop. I would say now the price reflects the uncertainty around Ethereum's launch. Now is not the time to buy BitUSD so if you haven't bought it then it's probably too late.
But I could be wrong. Make your own decisions and don't consider anything from me to be investment advice only my own opinions as a complete stranger on the Internet.
You and your predictions. You are also the guy who used to push to no end that we partner with Blackcoin.
I guessed likely 15 million too but it could easily go lower. It doesn't take some savy market guy to realize that our bitasset adoption has never really got there and competition in that realm is picking up. These new guys will understand marketing, even if we have the better technical solution. BitAssets are too technical. Dan was never able to find anyone to do marketing or even explain BitAssets which are still largely misunderstood in the crypto-world. Who cares about bitUSD over tether/nubits or whatever else? So few understand the difference and most of them are already in our camp.
Honestly the reason we pick 15 million is because it is a nice round number.
The tricky part for BitUSD is not marketing , but the cost to build the gateway for it .
Unless you use Bitcoin:BitUSD , you'll not be easily expand BitUSD in the US without paying legal and regulatory cost . That's millions of dollars .
Even if we have a killer marketing , we'll still need to pay for those millions of dollars in order to build the bridge .
BitCNY is well promoted and have fiat gateway , but the wallet is still not suitable for massive scale usage even it's easy to promote it in China .
Tether:BitUSD RippleIOU_USD:BitUSD has been on my mind lately ..... They already paid for the high cost for accessing to banks .... and we could have just pick it up as a portal , just like using OKpay or Paypal ...