Is BTS in the Billionaire club?
Coin market-cap is a flawed measuring instrument. Still, it has descriptive value as a shared data point for market participants. Human beings, influenced by emotions and group psychology. There is a common cognitive bias called the "unit bias" where the notional unit of a good service irrationally influences human decision making.
What sounds better? Seven hundred and Sixty-Five Million (total market cap of bts as displayed on https://coinmarketcap.com/currencies/bitshares @ 05.10.18)
or....One Billion?
Simple and memorable. But only because of the unit of account (USD). Combined with another cognitive bias - the anchoring effect - some valuations may gain their own inertia and justify their relative value if a sufficient part of the market participants associate a specific number as a price equilibrium. This helps explain why some coins hold their relative value to others.
Full disclosure, I do hold bitshares. I am a long term hodler because I believe the network value of a working Decentralized Exchange is well in excess of one billion usd. In this author's opinion, bitshares is a useful and undervalued asset.
My friend, could you recomend me a basic reading about bitshares? I read your articles and I realise my ignorance...
I like that: https://coincentral.com/what-is-bitshares/
Thank you very much.
thanks for this link. i also like that.
@john-robert, well boss, bts for now may not gets the needed attention for now, but the truth remains that as long as it is habouring other coins, a time will come when it's holder will smile from it due to it's instant rise, so they is still hope for BTS
I STILL NEED TO ACCUMULATE MORE OF IT
you are right. When you say harbouring other coins do you mean smartcoins or the gateway off chain assets?
@john-robert, I mean the smartcoins boss
THANKS FOR THE UPVOTES
Nice Post, as usual. BTS is on sale right now maybe we never see this price again...
Thank you for your continued support of SteemSilverGold
yes you just said. Since the beginning of the year at steemit , you have gained new unbelief from That's it . Everyone needs to know about this matter. Thanks to you regularly for giving such information.
Resteem bot Service! Promote Your New Post.Find New Followers - Upvotes. Send 0.400 SBD to @stoneboy and your post url in memo and we will resteem your post to 9500+ followers from two different account.@stoneboy and @vimal-gautam.
hope that it's will be increased and we will never this prize again. thanks for your important information.