Author Topic: BitShares Music market cap prediction (Poll)  (Read 5158 times)

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Offline edilliam

Oh wow, this is off to a really good start!

Offline clayop

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Based on PTS price difference (between price before snapshot announcement and peak price), my prediction is 30,000BTC market cap. This means one of two: PTS owners will lose money or presale participants will earn money. I hope that the latter is right :)
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Offline liondani

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This may be covered in another thread, but super excited to see agsexplorer hosting the data for the Notes 60 day auction.

http://www1.agsexplorer.com/

Great work Boombastic!

 +5% +5% +5% +5%

Offline feedthemcake

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This may be covered in another thread, but super excited to see agsexplorer hosting the data for the Notes 60 day auction.

http://www1.agsexplorer.com/

Great work Boombastic!

 +5% I felt a little sad when I didn't get to look at the AGS countdown after it ended. This is a strangely satisfying treat to me.

Offline G1ng3rBr34dM4n

This may be covered in another thread, but super excited to see agsexplorer hosting the data for the Notes 60 day auction.

http://www1.agsexplorer.com/

Great work Boombastic!


Offline xeroc

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Offline bitcoinerS

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I'm not sure that's enough of a sample size yet. The beginning of the IPO period may not be a fair indicator of overall demand. I think average demand could settle a little lower than this, since some people were eager to get in on it. But there's also a strong possibility that "we ain't seen nothin' yet." If BitShares marketing and BTSX really take off in the coming weeks (before early December, when the Music fundraiser ends), those coattails could really lift Music's IPO donations as well. And if there are even a couple of well-placed articles on BitShares Music/PeerTracks, then people would understand just how exponential this DAC could become.

I can't wait to see this DAC in the Top 10, because it is such an awesome concept and model. I think it's going to attract a LOT more demand, either soon or over time.

I am on the "we ain't seen nothin' yet." side of this prediction. :)
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Offline donkeypong

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It's around 4 million. 4 million dollar at IPO means people see it having some decent chance at 40 million, at least that is how I am thinking when I invest crypto. I think crypto investors in general think like that, always looking for the exponential 10x potential for the long term.

x10? Naw. I'm looking for 500x from this one. I might start selling a few at 300x!  ;)

Offline donkeypong

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I'm not sure that's enough of a sample size yet. The beginning of the IPO period may not be a fair indicator of overall demand. I think average demand could settle a little lower than this, since some people were eager to get in on it. But there's also a strong possibility that "we ain't seen nothin' yet." If BitShares marketing and BTSX really take off in the coming weeks (before early December, when the Music fundraiser ends), those coattails could really lift Music's IPO donations as well. And if there are even a couple of well-placed articles on BitShares Music/PeerTracks, then people would understand just how exponential this DAC could become.

I can't wait to see this DAC in the Top 10, because it is such an awesome concept and model. I think it's going to attract a LOT more demand, either soon or over time.

Offline bitcoinerS

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Average sale rate of 1.6 Bitcoin/hour for first 38 hours gives us current market cap estimate of: 1.6×24×60x5 ~> 11500 Bitcoins.
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Offline CLains

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It's around 4 million. 4 million dollar at IPO means people see it having some decent chance at 40 million, at least that is how I am thinking when I invest crypto. I think crypto investors in general think like that, always looking for the exponential 10x potential for the long term.

Offline kisa

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It's crazy, the cap of btsx is 18000 btc.

You mean PTS market cap is about 18,000 BTC? Because BTSX is some 180,000...
Since PTS give you a 10% stake in a new DAC, 10,000 BTC cap implies PTS would fall by ~0.15$ or $300k post Bitshares Music snapshot... Imho the drop will likely be ~0.5$ or $1m. A market cap of 5-10m$ at launch sounds reasonably safe, with much upside potential before some people would dump, leaving enough time for marketing. . I think that if launch was at 20-30m$, this would be rather tempting for pumpers and dumpers...  dumping after a pump with a price going below IPO usually leaves negative perception of a project and could demotivate holders and devs somewhat, so ideally should be reduced magnitude...
« Last Edit: October 07, 2014, 08:28:44 am by kisa0145 »

Offline Riverhead

They haven't even started marketing yet. The current bids are just from "insiders". I suspect it'll be much bigger.

Offline signingoff

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It's crazy, the cap of btsx is 18000 btc.