BitShares price to surge to a reportedly whopping $100.00 USD by Christmas! (2017) - BitShares ousts Bitcoin in Hong Kong and elsewhere as US and Australian Government Regulators move in

2 months ago

US and Australian regulators to move in on centralized exchanges

BitShares and their high performance decentralized exchange becoming more attractive

Recently it was announced (Part 1 and Part 2) that Hong Kong's Bitspark Remittance Platform for Money Transfers has switched from Bitcoin to Bitshares' blockchain.

In Australia the parliament has officially proposed penalties of 2 years in prison for first time offenders, and 4 to 7 years in prison for persons who have been previously 'directed' by AUSTRAC*, who are charged with violating laws regarding unlicensed cryptocurrency exchanges.

*AUSTRAC - Australian Transaction Reports and Analysis Centre is an Australian government financial intelligence agency set up to monitor financial transactions to identify money laundering, organised crime, tax evasion, welfare fraud and terrorism.

A substantial portion of the customer base at the Australian cryptocurrency exchange CoinJar have moved to BitShares decentralized exchange.

BitShares price to surge to a reportedly whopping $100.00 USD by Christmas!

BitShares.org

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Bitshares should be in the top 3 on CMC based on current transaction/operation volumes (more than Bitcoin and Ether combined). It would take very little buying to hit $10 and a $2.5Bn cap. There is some serious manipulation going on at Polo and a couple of short whales holding the price down.

Bitshares is finally starting to get some attention as people realize centralized exchanges are crooked and can steal your money, whereas the Bitshares DEX is as safe as a wallet and doesn't require you to trust anyone - no one can 'hack' the DEX.

Bitspark is huge news and will add much needed liquidity. The perfect storm is brewing for a massive Bitshares bull run. $1 is easy, then I can see $10 coming really fast.

$100? Hell yes! Bring it on!

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Hi John, just read that Bitcoin are about to activate their Lightning Network over the next 2 weeks:

  1. Trustless instant nearly zero-fee transactions
  2. Scales to billions of users
  3. Thousands of new apps

How do you see this affecting Bitshares?

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Hi @sfletcher62372 correct me if I'm wrong but isn't the Lightning Network going to make Bitcoin more centralized?

Don't get me wrong, I appreciate your comment and I welcome free speech. You're thoughts are welcome here.

ping to @johnsmith

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I'm not too sure - I'm still reading into it. I've seen that EtherBTC is also being launched (Bitcoin on the Ethereum network). I'm interested to know what the tps is for Bitcoin on the Lightning Network.

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Those claims are nonsense. They are adding more trust, not less.

Too little, too late imo.

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So what they're saying is false? I'm not invested in Bitcoin currently as I personally feel there are better opportunities elsewhere. However when I saw that about the Lightning Network it made me wonder if there was a need for @stan FastBitcoin anymore?

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Well, yes, I'd say their claims are mostly false. SegWit introduces off chain transactions. The whole point of on-chain transactions was to eliminate trust via hash power consensus.

That goes away on Segwit transactions, which basically makes Bitcoin Core Litecoin.

$100 from 13 cents?

Total supply of bitshares is around 2billion.. to get to $100 would be impossible.

Although the price is down alot at the moment it may be a good time to buy.. but shit 2 billion is alot.

Can't expect such huge gains when the coin supply is so large.

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Interesting about the Australian parilment tho.. i am in Australia.. they are always making crazy laws lol..

This post received a 3% upvote from @randowhale thanks to @nandibear! For more information, click here!

There's absolutely no chance. Far too many BTS in circulation. The calculations don't add up. I think I saw @stan say somewhere that there was a target price of $300 per BTS. 2.5bn times 300? Even with HEROs locking up BTS and reducing supply, these figures are simply fantasy.

BTS is fast becoming the Betamax of Crypto. I had a friend message me this morning telling me I should buy OmiseGO - which is basically a decentralised exchange on Ethereum and it hasn't even been built yet! Why do people know about OMG yet not BTS?

It's really starting to become a very frustrating hold

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I couldn't have said it better. Great comment. I've been using the betamax example too.

In markets, the best tech does not automatically win.

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The thing is the Billion Hero Campaign is only just starting, so to realise potential value we're looking at 18 months to 2 years. So I understand there's a huge marketing campaign yet to seriously kick off around bringing it to the masses.

However why coins like OMG who have nothing but a white paper and are currently in development have more hype around it without the need for any type of marketing, it makes me think something is going wrong at Bitshares.

The price is bargain basement currently, the tech we don't need to say anything about we all know it's amazing, bar the exchange customer experience which is being worked on. It's amazing technology and one of the best products out there. Why is there no hype or conversation on the Reddit or bitsharestalk forums?

It's very strange.

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I think this is the unfortunate result of irrational markets.

Price is mostly based on hype and expectations of potential gains, at the moment. Much like the stock market, there is not a lot of fundamental-value investing going on.

That explains why still-vaporware projects are such hot news, and well-established tech with poor PR falls by the wayside.

BTS could be the result of a black swan in its favor, however, but I've found the million hero marketing to be all bark and no bite.

PS - I don't like that the Heronomex forum was hosted by a scammer, and stan's partner on stage is a borderline scammer / nutjob who displays his mental illness all over the Bitshares forums.

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It does feel a bit like there was the big Billion Hero Campaign launch with the "Ted Talk" if you like but then you look at the website and it's not ready... Have I missed something or would you not get everything ready and then launch? I know nothing about marketing so open to being educated.

I find it strange that people are being referred to billionherocampaign.com and it's not even finished or ready. How does that make Bitshares look...

Believe me that I want Bitshares to be as successful as it can be and I want it to be as big as Stan says, I just feel like certain things aren't adding up at the moment. I'm sure this is very wide of the mark, but it literally feels like things have fallen flat since the launch on 4th July.

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I am in total agreement with you. BTS is great tech but it has a PR and usability problem.

Everything about the hero that ever came out seemed like complete marketing schlock, and BTS dumped 2/3rds shortly after. Anyone that followed their advise lost massively.

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I'm trying to figure out if I've just got unrealistic expectations and am impatient, or if Stan overhyped this too much with his series of posts. We were going to have celebrity endorsements, big marketing campaigns from a huge renowned firm out of New York, have I missed something? And where is FastBitcoin? The mind boggles.

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Honestly, I was wondering if "Bitcoin Unchained", or whatever they are calling it now, had just completely distracted them from attempting to pump/dump BTS with this guaranteed-to-fail hero project.

You can't just define something to have a certain APR; the market will simply devalue it in expectation. It doesn't work that way.

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Hi @sfletcher62372 it's likely because people love buzzwords and the newest and coolest coin that just came out next week .

Moreover, people want to get known and make money by talking on video and writing about the newest of the newest and outdoing everyone else.

Maybe if people (that includes you, everyone reading and myself too!) would talk more about BitShares, get excited, make some cool looking videos, cool looking pics (not some dry 1991 Wall Street Journal stoic looking pic that makes you want to eat a rice-cake for dessert and be in bed by 8:30 PM).

And whatever you do please don't do anything negative. No complaints about market caps making it impossible for prices to rise more than 5 cents. Save that for someday when they invent time machines and you can travel back to 1985.

Be happy! Think positive! The @nandibear is a friend!
ping to @lexiconical @jeffjagoe @sowellsvt @steemhoops99 @jimbojones @arcange @

comment by @sfletcher62372 was -
"...The price is bargain basement currently, the tech we don't need to say anything about we all know it's amazing, bar the exchange customer experience which is being worked on. It's amazing technology and one of the best products out there. Why is there no hype or conversation on the Reddit or bitsharestalk forums?..."

So excited about buying bitshares! Thanks for the valuable tip Nandibear. I'll keep an eye on your posts for more advice on getting rich with crypto. I'll do anything to not have to work anymore crappy minimum wage jobs that require me to surrender my entire life as I know it. Great post!!

That would be pretty awesome

I hold some bitshares and that predicted $100 would be wonderful. :)

Thanks for making a point about customer base movements - I have to study more of it.

At the moment I'm waiting if BTS will be able to do what IOTA achieved in a quite short order. BTS and IOTA are totally different kind of coins but circulating supplies - although not equal - are close to each other.

I'd like to see BTS move from 0,13$ to 1$ in a way IOTA did recently. After that a place in TOP10 should be nailed for a while. Many coins seem to have their momentum one after another. NEO a while ago, XMR today, BTS in August/September?

Upvoted.

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Thanks for the comments and upvotes.

Playing with the idea and math a bit more:

BTS price level in the beginning: 0,13$
Timeframe: 30 days
AVERAGE price movement: 7% upwards per day
BTS price level at the end of the timeframe: approx. 0,99$
Average price movement includes/allows bigger daily up/down moves during the timeframe.

That is it if I calculated correctly. I'm not saying this is going to happen but - as mentioned earlier - I liked playing with the idea and see it as a speculative possibility. A lot may depend on how and when the marketing campaign takes off in its full strenght.

Other fundamental elements - such as positive customer base movements - help the case of BTS as well!

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hi @arpepa yes absolutely customer base movements is an area which needs more study and to be taken more seriously.

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with the same state of mind.

So many Crypto currencies so little time

Stop dreaming

Thanks... Interesting read... BTS... $100 would be fab...

As a BTS holder, BTS market cap would be $200 bln alone to be $100 bucks each. There's only $150 bln in all crypto accounted for on coinmarketcap.

So, pipe dream, but I'd like to see it.

the whole open.btc idea is great but I think it will look suspicious to many users that they only hold bts back coins

Does that mean I should keep my 2962 bitshares?

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@thevegancyclist 🤑🤑🤑🤑🤑🤑... 😉

What is your basis for the "reportedly $100" number?

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Probably the same basis for the OPs estimate of $2,500 per Eos.

I get that investment is exciting but there really needs to be a bit of realism here.

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Wow, $2500 per EOS would really have me cashing in...

Congratulations @nandibear!
Your post was mentioned in the hit parade in the following category:

  • Upvotes - Ranked 10 with 249 upvotes
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Hey @arcange thank you VERY MUCH for mentioning my post in your Hit Parade!

Thanks for sharing

Nice post !!! Bitspark is teaming up with the united nations in a pilot program for remittances for tajikistan. If they are able to pull this off and add 180 EXOTIC smart coins it could be a game changer and boost BTS big time!!!