But the smart investors are buying right now. As for BTS, at it's peak it was under $100 million, but even Litecoin was higher than $100 million, even Dogecoin was $77 million, and they offered really no technological innovation, and very limited utility.
Don't confuse BTSX with BTS. BTSX was a VERY different model. BTSX had a peak of over $100 million and nearly ฿ 0.0001.
While BTS referenced it's initial valuation from BTSX, it has been in decline since it was conceived & created.
BTS did rise more than 50% to high of $20 million with announcement of 2.0 in May though.
If you make a graph for BTSX up until 2014/10/04 and one for BTS after, you'll really see the difference esp. vs. BTC
For me, this is one of the most confusing and difficult to grasp part of Bitshares (BTSX/BTS)... what is it? who defines that "what"? and how many tokens exist?
it seems that the number of tokens in the Bitshares system can be arbitrarily changed by ONE entity... and it does... or at least it did in the past
When I talk to people about Bitcoin, I always say: "There are 21million of them" that is something that will NEVER change!!! I think I am right about that... of course, it could change ... but when that happens then it will most certainly not be called "bitcoin".. it will be called "new bitcoin" or "bitcoin 2.0" ...like when Coke changed to "new coke"
So, the point being... from my point of view... this very very important (non)variable of Bitshares has been blemished/broken... and makes it look really bad to the outside world.
I'm here because I like all the ideas that are pouring into the project, and I also see all the potential within a technology (if it works) that is designed as this is!
--- I hope you see I am not attacking.. I am CONGRATULATING EVERYONE here who is brave and steadfast supporting things here ---
btw... I am BUYING A LOT OF BTS!!! heheheehehehe... I will NEVER dump them! ... I hope to "spend" them in a PREDICTION market that is better than Hive Mind... or maybe even Augur (though I like Augur's project so far... and have bought quite a few REPs