Finally! My keyboard's F5 key was getting tired.
Excellent news!
It's really striking how close we are to XRP...
It's really striking how close we are to XRP...
XRP is an excellent example of why Market Cap is a terrible way to compare cryptocurrencies against each other. Apparently this whole rally is being caused by a few people buying large amounts who announced they are doing so, so at whatever point they stop buying those amounts unless there are other people waiting to pick it up this is a very temporary rally and so would be the market cap that goes along with it.
I hope there is real development too and not just a couple doods using their size to lift the price until they've satisfied their needs.
Levine has an interesting point. Clearly the asset class worth buying is the one avoided by those with money... Put another way, if the moneyed individuals are buying an asset, that asset must be trash. Following that logic, I suppose buying trash makes you rich. Off to the junk yard for me.
While I don't disagree with Adam's thinking I do feel the people that have worked so hard on this product deserve a time of jubilation. There'll be plenty of time for reasoned discourse once the hangovers pass.
While I don't disagree with Adam's thinking I do feel the peopleC that have worked so hard on this product deserve a time of jubilation. There'll be plenty of time for reasoned discourse once the hangovers pass.
Wish I was there to lift a glass with you guys.
Smiling from ear to ear :D When we hit bitcoin's market cap, I'm sure we will all be able to gather for a drink with the Bitshares team ;D
Levine has an interesting point. Clearly the asset class worth buying is the one avoided by those with money... Put another way, if the moneyed individuals are buying an asset, that asset must be trash. Following that logic, I suppose buying trash makes you rich. Off to the junk yard for me.
Smiling from ear to ear :D When we hit bitcoin's market cap, I'm sure we will all be able to gather for a drink with the Bitshares team ;D
and everyone will be flying in on their own private jets... :P
He says with his usual Christmas cheer. lol.
They're buying because they're the smart money getting in early. They're not buying to lose. Yes, market cap will go up and market cap will go down. Ultimately it's the long term value of BTSX that matters.
But that's no reason to not celebrate this milestone - and the rest to come. Go hang with the NXT crowd if you're not in the mood, I'm poppin bottles with BitShares.