It's been falling since this thread & it's impact started setting in...
https://bitsharestalk.org/index.php?topic=9603.0What the market really wants is what BTSX was.
Draw a BTC trend line anytime before that thread got going and you'll see BTSX could easily be worth $100 million more. That's not even an hyperbole - a no inflation profitable blockchain would have exploded if it got to no.2 imo. Daniel and BitAssets would have been the talk of the town, then the media would have been interested in our killer app and with all the opportunities in the world right now, BitAssets would sell themselves & start taking off. I even had visions of Daniel on the cover of Time magazine next year - 'Bit...USD?'
It could have been earning circa 50k a month in fees already. If $600k AGS was put into BitUSD and released at 50k a month you'd have 100k+ a month. Not much but possibly enough with Daniel's genius & a few passionate developers looking to increase the value of their stake.
A 5% annual fee (as originally expected) applied only to BTSX stake that was never claimed would potentially yield millions of dollars per year in future and have been psychologically acceptable to the market imo
https://bitsharestalk.org/index.php?topic=9950.0I can't tell you how undervalued BitAssets are right now. What Daniel and co have developed is revolutionary. But with a double whammy of dilution (which hasn't been reflected on the share supply on coinmarketcap yet) and share drops, even with this rapidly advancing tech, the addition of a $5 million & growing DNS DAC (incl. Toast, who I often disagree with but does have a high market value.) BitShares has suffered.
I expect it to recover & still have a great shot unless they unleash a clearly flawed sharedrop strategy. BitAssets are just so freaking awesome, outside of development though, the direction BitShares has taken to keep key talent involved, passionate & not feeling constrained has come at a high short term price. They're probably worth it though. But if there's a credible competitor that looks pretty much exactly like Daniel's original vision for BTSX, BTS could be in trouble imo.