I was just talking with a VC today who is in the process of buying a fiat exchange and is interested in funding us to integrate. Funding developers is not going to be a problem.
In reality these low prices are HELPING us attract VC money because they can buy in and capture a stake.
Truth. 
The low prices make it possible for the people who predict the future by creating it to accumulate enough to make it worthwhile.
Indeed.
Usually in startups/VC, the equity in the company is held by a small number of investors who are long term believers, knowledgeable about the company, and who are strong hands who would not panic and sell their stake if the valuation went down. In fact, the shares at that point are not even tradable.
It is a unique thing about cryptocurrencies that they have allowed average people to act like venture capitalists, buying into crypto IPOs. This is very cool. And yet, sadly in the current state of crypto, there are just a ton of people running around out there buying and selling cryptocoins that have NO understanding whatsoever of the technology. And so many of them are weak hands, momentum buyers, who just buy pumps and sell dumps and have no idea what coins are good or bad, other than to look at what coin is going up or down.
Even then, while the average person might be able to grasp a basic idea of what Bitocin means, that is, they can understand the short explanation or 'story' of bitcoin, understanding Bitshares is more difficult by an order of magnitude. Without a finance/economics/trading background, you CANNOT understand it. You will not have the slightest clue how bitAssets work, and about shorting and collateral and margin calls, or anything! And so most people cannot distinguish between Bitshares and the tons of other crap out there. The other coins all have nice one line summaries of their 'story', like "Darkcoin is anoynmous", or "Dogecoin is fun and has cute dog pictures". And they understand those things. But Bitshares is incomprehensible financial mumbo jumbo to them, and so all they see is that the price is going down, therefore it must suck.
In a normal startup company. The investors would not be a bunch of chinese and western guys, of which 99% of whom have no idea how anything works and who bought because it was going up and sell because its going down. But in Bitshares thats what we have. The current bear market is grinding out most of these people, and those that remain are either those who understand bitshares, or those who are very very stubborn. (In investing, an average amount of stubbornness is terrible for your health! It means you hold through the early declines but then sell late, near the bottom! You need to either be quick to bail, or you need to hold through everything and come out the other side).
Topic: Coinmarketcap 8th place Bitshares 8,5m (Read 14051 times)
