If you don't want people to sell their Bitshares then how will they get the necessary ROI?
A lot of money and time goes into acquiring Bitshares. I've heard stories of people spending $20,000 on mining in the cloud just to get PTS so they could get Bitshares and that was back when it could be mined. Now you have Angelshares which cannot be mined at all so when these people get Bitshares how are they going to get back the Bitcoin donations they put into it?
Once the initial ROI is made I don't see any reasonable person selling when they know it's worth at least $1000 a share. But before it can reach $1000 a share you first have to have ATMs and other businesses set up to bring XBT and BTS to the mainstream. The Bitshares ATM will be critical. A fiat to BTS exchange will also be critical.
Unlike Mastercoin and Counterparty, Bitshares cannot rely on the Bitcoin establishment for support. The Bitshares community is going to have to independently build it's own exchanges, its own ATMs, it's own paper wallet generators, and more. PiperWallet and Trezor will have to be modified to support Bitshares.
It is only when Bitshares can be securely stored, easily purchased, and made simple to understand for the masses will it reach $1000 a share. If people cannot figure out how to buy Bitshares or BitUSD, if you cannot get commercial businesses to take BitUSD seriously, and if you don't make it secure and simple, you don't deserve $1000 a share. But if you can do that then it's absolutely worth that.
Initially it will probably be $100 a share assuming Bitcoin is $1000. If Bitcoin goes up because most people can only buy Bitshares through Bitcoin it can reach $1000 a share if Bitcoin is in one of it's bubbles but if you want Bitshares to reach $1000 a share independently and stay there then you need to build value around the Bitshares network.
It's not enough to just launch DACs and theoretical experiments. If you want to see these share prices it's time to discuss business plans, market caps, and figure out what is preventing mass adoption because right now no one has heard of Bitshares.
They will still get their return on investment. I'm just saying that people should wait a bit and not sell immediately. If you wait a bit and you believe and are only willing to sell them at $1,000 a share then the network effect takes over and each Bitshare will be worth $1,000. Then what will happen is that as soon as Bitshares are up on coinmarketcap.com people will be intrigued by how large of a market cap this new "alt coin" will have and they will buy more up because they don't want to miss an opportunity to make money. As a result, the market cap goes higher which generates FREE publicity from mainstream media sources which will lead to new community members, new entrepreneurs, new investors, and new interested merchants in Bitshares and a greater exponential network effect.
I am thinking in exponential terms here. Technology tends to move exponentially. Sure, it took Bitcoin 5 years before it got to the point it is today. The next hot distributed financial instrument like Bitshares won't take quite as long. In fact I think that it is possible that by the end of this year Bitshares will surpass Bitcoin simply because the value proposition is a lot better than Bitcoin and Bitshares offers more services that Bitcoin can not. I think that everything Bitcoin has Bitshares will have in a fraction of the time like ATM's, exchanges, hardware wallets etc.
People tend to think in linear terms as this is how evolution programmed our brains.
Example
1,2,3,4,5,6,7,8,9..... 30
You get to 30 at step 30Technology is exponential and so is the network effect
Example
1,2,4,8,16,32,64..... 1 BILLION
You get to 1 billion at step 30Bitshares will be exponential because of its exponential network effect.
Initially it will probably be $100 a share assuming Bitcoin is $1000. If Bitcoin goes up because most people can only buy Bitshares through Bitcoin it can reach $1000 a share if Bitcoin is in one of it's bubbles but if you want Bitshares to reach $1000 a share independently and stay there then you need to build value around the Bitshares network.
Yes it is possible that it will be $100 initially but I don't think it'll be $100 if Bitcoin is $1,000. Bitshares can be thought of as being 3 times more
scarce than Bitcoin currently is which means that it should be 3 times more valuable than Bitcoin. So in other words Bitshares should be $1,800 a Bitshare assuming Bitcoin is at $600.
The value proposition is already there as Bitshares are a product/service that is more efficient than traditional banking and has a lot more to offer than Bitcoin.
Topic: How to Make Money on Initial Bitshares Chain! (Read 10953 times)
