dream on with your buying price . Our BTS will surely be much higher than what you have just estimated.
I agree. I think the market cap will be $50-75 million myself to start.
But that doesn't mean I want to buy from Simeon @ 30 million, though he is probably an honest guy.
But his account was created mid-May and XTS was allocated at the end of Feb.
1% is also a very big stake/investment to have made...
Also to jump on and try sell it (much too eagerly) for a low valuation when I didn't ask specifically to buy from someone off-market, makes me think he wants to keep the perception low so he can buy more too.
If you did have a big stake his actions seem illogical. But I don't know.
First –
The bet is of the table now! Let that be clear.
I was trying to make several points .
It is one thing to make estimations, it is totally deferent if you have to put your money where your mouth is (i.e. buy/sell at those prices). Do not take it personally, it is human nature.
Several factors are in play for the initial price (most not in favor of BTS). So taking the highest price that PTS ever was, when you must be fully aware of the reasons driving the price up at that moment, and to use those prices as a starting point of calculating BTS initial price is pretty optimistic. I personally see the initial price/capitalization at a range of 2X PTS to 1/3 PTS (meaning 2 to 15 Mil capitalization)
So, all in all, BTS may go to trillions someday, but this will be some day in the more distant future.
As for my side of the story – I have a lot of paper losses and missed opportunities ever since I invested in Bitshares. What is worse, I envision even more of those in the near future. So locking my profits/losses at near 0 is not the worse deal for me...