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20M BTSX in depth is too much.
Perhaps: I consider it a safety valve. We have the ability to add / remove that depth at any time.
Now I do believe that the average woman is a better investor than the average man.
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I feel like everybody is missing the crucial reason why BTSX will be worth so much. The reason is simple: bitAssets are backed by at least 1.5 times their value in shares of BTSX, so the market cap of BTSX will always be at least 1.5 times greater than the total market cap of all bitAssets.
You could think of it like this: every time someone creates 1 bitUSD, they put up $2 worth of BTSX as collateral. This collateral is unspendable until the bitUSD loan is repaid, so those shares of BTSX have effectively been removed from the share supply. It's as though they've been temporarily burned, Whig reduces the overall supply of BTSX, driving up the per-share price.
Make sense? BTSX is valuable because its value is more or less proportional to bitAsset demand.
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You missed out that a big part of the expected price rise is due to more people observing how good the dividends are due to all the burned transaction fees from market trading.
I.e. this digital asset combines usefulness (bitUSD) with great economics (dividends).
I understand that about btsX but will bitUSD have the same feature? I mean, will parts of its fees be burned and that process work as paying dividends for bitUSD holders?
interest when that feature gets enabled.
For a myriad of reasons purchasing your own currency with investor money does not seem wise.
Each share months from now should be worth 50cents -> $1 range. The fact that they are going for a few cent a piece is an opportunity of a lifetime.
