Author Topic: Is now the best time to buy BTS? Would you take out a loan to do it?  (Read 12166 times)

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Offline yvv

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The only way to make bitshares profitable is to attract more users to DEX. Few hundreds of payments and trades per day is a shame. To be profitable, bitshares needs a transaction volume similar to that of bitcoin, i.e. hundreds thousands per day.

And yes, increased network usage != higher BTS market cap. Appreciation of BTS is good for holders, but not necessarily good for DEX.

Offline Empirical1.2

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This could all change if people started thinking about how to make bts a profitable company... because right now its a charity.  Maybe it starts performing better after the merger ends, but other than that I don't see any reason for the BTS token to have substantial value. 

Can someone please explain to me why it should have a high market cap (we can already see increased network usage != higher market cap)?

You don't have to be profitable, you just have to attract more demand for the BTS token that you are spending. This can be achieved multiple ways...

- Attracting users the market believes you can credibly monetize in future thereby raising your valuation.
- SmartCoin adoption causing more BTS demand than is spent on liquidity and possibly a yield promotion.
- (If there's no more mergers or supply changes) BTS could be adopted as a limited money similar to gold or Bitcoin.
- Popular third party products & services we don't earn fees from but use BTS as the underlying currency thereby creating BTS demand.

Ethereum, Bitcoin, Snapchat, Twitter, Instagram, Weibo etc. are all worth billions but are not profitable yet.
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Offline lil_jay890

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I love posting to BTS bulls... They defend their investment like it's their only child.

People have been screaming "rock bottom" since 30 million market cap.

and OkiDoki,  I've already divested a significant amount of BTS into other projects.  And you are probably right about bank stocks being a better investment now than BTS.  Government bonds would be better too since you won't be down 20-50% in a month (unless the world blows up of course).

Jay, to be down 20-50% thats crypto bussiness....you will not shot perfectly.....2014 I was down 90%  :o fucking scary

Many people here are down 90%... Many have gone bust because of getting margin called (either by poloniex or bugs that were in the DEX).

Point I'm trying to make is that bitshares is in a huge downtrend that has gone lower and will probably keep going lower than anyone thinks.  It's consistently the one of the worst performing currencies during rallies.  Lower highs lower lows.  Even Dan Larimer says there is no reason that the bitshares token should have a high market cap even IF the network gets big... I don't get why people continue to try to fight this trend and pick a bottom.  BTS has crushed so many people who have tried to do that.

This could all change if people started thinking about how to make bts a profitable company... because right now its a charity.  Maybe it starts performing better after the merger ends, but other than that I don't see any reason for the BTS token to have substantial value. 

Can someone please explain to me why it should have a high market cap (we can already see increased network usage != higher market cap)? 

Offline bitsharesbrazil

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I love posting to BTS bulls... They defend their investment like it's their only child.

People have been screaming "rock bottom" since 30 million market cap.

and OkiDoki,  I've already divested a significant amount of BTS into other projects.  And you are probably right about bank stocks being a better investment now than BTS.  Government bonds would be better too since you won't be down 20-50% in a month (unless the world blows up of course).

Jay, to be down 20-50% thats crypto bussiness....you will not shot perfectly.....2014 I was down 90%  :o fucking scary
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Offline okidoki

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I love posting to BTS bulls... They defend their investment like it's their only child.

People have been screaming "rock bottom" since 30 million market cap.

and OkiDoki,  I've already divested a significant amount of BTS into other projects.  And you are probably right about bank stocks being a better investment now than BTS.  Government bonds would be better too since you won't be down 20-50% in a month (unless the world blows up of course).

Dump it all and get it over with...  :)

Offline lil_jay890

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I love posting to BTS bulls... They defend their investment like it's their only child.

People have been screaming "rock bottom" since 30 million market cap.

and OkiDoki,  I've already divested a significant amount of BTS into other projects.  And you are probably right about bank stocks being a better investment now than BTS.  Government bonds would be better too since you won't be down 20-50% in a month (unless the world blows up of course).
« Last Edit: June 16, 2016, 05:54:42 pm by lil_jay890 »

Offline bitsharesbrazil

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It can go lower?
Its hard to say, if bitcoin explode so I can agree that we can get some obscene bargain but I already saw a lot of bad projects that at this point bounced n never looked back, so its hard to predict. I will be waiting for 450 toto try  double what I have. Im pretty much confortable right now 8)
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Offline okidoki

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The time to buy BTS will be when the holders finally realize that all they are doing is paying for the UIA issuers security and transfers via dilution.

BTS is operating at a loss every day via workers and witness's.  Think of it as any other business, would you buy into a business that generates negative profits and hardly any revenue?  There are lots of valuable companies out there that have negative profits, but large revenues... Amazon, Tesla, and Netflix come to mind.  At some point in the future, they plan to turn that big revenue into profits which is why they have a high valuation.  BTS has no revenue much less an idea on how to generate profits.

I've harped that fee's will need to be raised in order to generate the revenues and profits.  If the focus is switched to providing forex traders with a stable platform with ample liquidity, they will be more than willing to pay fee's.  The fee's could be percentage based or flat.  But trying to get this community to pivot or agree on a direction is like turning around the Titanic.

I think you are struggling too much... I think you should dump everything and take a look at government bonds which pay a cupon yearly... Or some banking stock which are depressed lately as well.... Why stay with Bitshares if you can switch it to something that makes money... Even Dogecoin has a better tech and seems not to loose money... 33 million market cap... More than triple than bitshares...  :P

Offline okidoki

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Hold your cash... I think we see BTS sub 7 million market cap much sooner than we see 14 million.

The trend of lower highs and lower lows will most likely continue.  Especially if the bottom falls out of bitcoin when people realize that the halving was baked into the price.

If I see such optimism I tend to think that we are at rock bottom ;)

I think the announcement from Dan marked the absolute lowest point... although I think Bitshares doesn't need him anymore it has all the important features... and wait if another exchange runs away with the money of their users... being the marketcap of bitcoin a 100 billion...

Offline Empirical1.2

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Hold your cash... I think we see BTS sub 7 million market cap much sooner than we see 14 million.

The trend of lower highs and lower lows will most likely continue.  Especially if the bottom falls out of bitcoin when people realize that the halving was baked into the price.

BTC can support $800 with the same level of average new demand it supported $400. So while there will likely be corrections and volatility, I don't see BTC having a problem stabilizing in the $700-800 range.

Most people realise the halving is being priced in currently and aren't expecting a dramatic increase in price at the actual halving or shortly thereafter.

There's also great tailwinds for BTC currently in the form of a much higher likelihood of Brexit, which is causing GBP and EUR to slide as well as European banking stocks. HSBC is forecasting a potential rise in Gold of up to 10% on a Brexit outcome, this bodes very well for BTC and other safe haven currencies.

(Where I do see upcoming short potential is in ETH. Since being added to Bitfinex or for some other reason, it seems to be a lot more correlated to BTC however when the increased volumes and current tailwinds die down I think it will struggle to maintain that inflated price with it's much higher level of inflation.)
« Last Edit: June 16, 2016, 04:45:01 pm by Empirical1.2 »
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Offline lil_jay890

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Hold your cash... I think we see BTS sub 7 million market cap much sooner than we see 14 million.

The trend of lower highs and lower lows will most likely continue.  Especially if the bottom falls out of bitcoin when people realize that the halving was baked into the price.

Offline mike623317

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I would not get a loan to buy BTS, but I do agree that they are s bargain at these prices. Therefore I would use as much extra cash I can put my hands on to buy some more.

That said, I would DEARLY love to see a decent wallet created. I think s decent professional looking wallet would really help. If I was a coder I would try and make one. Looking forward to my-echo coming through later in the year. If this economy crashes later this year it would be great to have it in place.

Offline Chronos

cheap things like chronos video wont help too (with all due respect, just my opinion)
Guess I need to charge more. Then it won't be a cheap thing.  :P

Offline nomoreheroes7

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ok,

now we can start talking about this....

I have some btc to buy a little more..... but if bitshares starts to go obscene beyond down from what I expect  Im going to sell my motorcycle whitout a thought.  8)

Sell your motorcycle so that you don't die... don't sell your motorcycle to buy BTS.  We've already had at least one person who has sold his vehicle when BTS was trading at much higher levels...

that would be me.. :)..Sold my precious 15 year old toyota corolla 1 year ago when bts was more than double market cap what it is today..Public transportation especially in my country is not the most comfortably thing for me the last year..since then i also had a huge margin call in polo on my long position...

I am still patiently waiting for the summer announcement  that will take bts to the moon (although i doubt that even if that happens i will ever be able to cover my losses)  .I can only hope that the moon is reached before 2036  ::)

Having said that..if i still had my car or any money left I would again sell my car today and buy bts at these levels.


have you not learned enough ....summer announcement   :P :P


Offline bitsharesbrazil

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Quote
BTS is operating at a loss every day via workers and witness's.

This is a tiny 150K BTS per day. It will take ~30 years to deplete the reserve at this pace. Revenue will increase by huge amount when transaction rate will increase from current few hundreds per day to millions per day. And the main source of delusion is not tiny spending budget, but the release of vested balances from merger.

something reasonable n that makes sense to me.

We must be pretty careful with reserves,  support things that are easy, fast to do n that can bring liquidity n cheap if possible, long term things n big spending wont help right now..... cheap things like chronos video wont help too (with all due respect, just my opinion) just wasting reserves money n hurting the market
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