You are viewing a single comment's thread from:
RE: 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
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
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.
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.
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.
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.
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.
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.
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.
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?..."