BitShares (BTS) LONG TERM FORECAST...$342!!
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SUMMARY
Long term forecast of Bitshares (BTS) is shown below. I use a logarithmic chart to normalize the price variations to height. The "trees" we see now are nothing compared to the forest. The blue waves represent the forest Elliot Wave counts. I target $48 for blue wave 3 and then after a blue wave 4 correction that could nearly obliterate BTS to $6.93 or so; a massive wave 5 could take to $342.
Yes, I can do math, $342 will bring the market cap to >$875 Bil. I am also quite sane of mind. I believe that in the years to come, decentralized exchanges will become the golden standard, not only just for cryptos but also the equities, options, commodities, precious metals and futures. The NYSE, NASDAQ, CME, etc could all become decentralized and run on the blockchain. In light of this, should all these exchanges be converted to a decentralized exchange and globally; the enar $Tril level market cap does not seem unattainable. How long will this take? I don't know. Since time is not a reflection of sentiment, it is very difficult...no, nearly impossible to forecast. So I will focus on forecasting price only for now.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
@haejin I am confident everything will be moving to decentralized exchanges as soon as regulations start to press people on centralized exchanges. I totally agree with you in this.
So if your prediction of $48 by the middle of this coming year, this will be insane, massive wealth transfers. The biggest in the history of the world.
You will be everywere explaining your technical analysis, this will be massive for bitshares, steem and eos. @dan is creating every single blockchain technology a person will need in the short, mid and long term future. EOS (Smart contracts and more), Bitshares (Decentralized exchange and more), and Steem (Decentralized Social Network + SMTs + New Markets and Economies + Transactions and much more). How a visionary.
I encourage you to follow @teamsteem and read his welcome to steem post. It will definitely sumerize what the vision of its creators is, which is freedom, and empowering people.
Regards, @gold84
I dont think he is saying it will hit by mid year...he doesnt chart time...the time on his charts are just drawn there...the prices are his forecast not the time.
But outside of that, wether 6 months or 2 years, you are correct. $48 from where we are today will be huge. We are at 26 cents...that is a lot more than a 1,000 times return.
If it reaches his peak, it will create some billionaires.
@taskmaster4450 agreed! you just said it billonaires and millonaires. Incredible. Unthoughable. Amazing. @gold84
Considering the fact that, probably 10 years down the road, tens of TRILLIONS of dollars worth of commerce will all be done on the blockchain, that means that these things valued in the trillions is not unrealistic. There will be some mega chains and others that are smaller.
Either way, I foresee almost everything ending up on the blockchain.
Actually, this is going to be the case in something like 3-5 years. LAToken.com project is paving the way to tokenizing ANYTHING AND EVERYTHING of high value. It opens the doors for Trillions and Trillions instantly.....and it's already live. They get traction, or a similar project.....and the world is an entirely different place.
You KEEP your asset while it's tokenized and traded on the market, or held until the agreed upon contract settles and it has accrued interest.....I know I know, it's hard to wrap your head around that. Our NICE wedding ring is going up as soon as they launch all networks. Liquid value, and the ring never leaves the finger.
we must do something with that money, something good !!!
Completely agree. It's good to see some cryptos moving along this path Power Ledger nd Golem to name a couple.
That's true. The problem that I see coming up is competition, the bitshares concept will be copied. Who wins out among the decentralizers will be decided by interest, influence and marketing as usual, not waves. This is why Litecoin recently exploded, and not before - because they did some marketing. For the waves to work, we have to give human psychology what it needs to work predictably...
Ebay and Amazon had lots of competition during the .com era...where are they now?
And how do you know bts is an ebay/amazon and not a ephemeral competitor? Truly asking
Dan & Stan larimer are leaving a legacy
Sure the concept will be copied, but where?
Are you going to open up a de-centralized exchange on ethereum? Someone could do that yet they might have an issue with the transactions.
Someone could start a new blockchain from scratch, which might happen...but they are already falling behind.
And BTS doesnt need to own the decentralized world to be highly valued...there will be other exchanges....but who knows what else BTS will add to the mix over the next year or two.
The developers are still hard at work on that blockchain just like on this one.
Also waves is not as decentralized as bts. Also there is also the remote possibility that bts and steem might get upgraded to eos tech. Fyi
It makes sense to do it if it's laid out correctly. The community is working on 3.0 first, but I would love to see a BEOS!
BTS has the equivalent of bitcoins first mover advantage in decentralised exchanges ! It would take a lot to catch up and overtake it
Good call, good call my friend. Hope your getting the Rainfall
Cobinhood is the only real competition i see for BTS at this point.
Bitcoin has TONSSSSS of competition.....no one's gonna touch it for a long long long time. It doesn't even matter that they aren't processing thousands of TXs....still far and away killing all the competition....and the competition has way better tech.
I don't think we should take the time period in TA seriously. He points that out specifically. It could be 1 year or 5 years.
amen
Bitshares is the literal spearhead against the Bankers' Bitcoin pump and dump scheme to regulate crypto! Providing real value to the crypto space to hopefully steer this train in a functional direction.
Yes
HOLY BAT SHIT!!!!
BTS EOS steem for life!!
you said it !!
It’s there in lower case hah!!
You forgot STEEM @tt-dogg.
Or is that a given?
It’s there in lower case hah!!
I agree with your forecast. It might take 3-5 years. But I think its doable.
yup, i agree as well... just need to be patient.
thanks @haejin
I'm thinking the boom is bigger than most can imagine in the next two years.....I give it 2-5 for BTS to reach 300, EOS 300 by end of year....MAYBE early next year.
edit: I mean 2018 when I say end of year and 2019 when I say next year.....
wow
Haha....well don't bet the farm on my opinion....but the acceleration of the fractal structures is incredible to watch, some would say....and they do say...."IMPOSSIBLE" - even though we are watching it unfold before our very eyeballs.
Right thanks 👍🎯
This really all is so sensational. I feel so blessed to have discovered Steemit and then crypto when I did. 13 months. Wow, feels like a lifetime ago.
Get while the gettins good I always say!
Had a great conversation last night with a friend that I got into the scene. Lots of bitshares and haejin talk. I feel like we just saw a tremendous example of price driving the news, and it was helpful to talk out loud about some things. But the example was this:
This recent EOS price rise kind of bumped into some news about Bitthumb listing it for trading. Now, upon recollection, I feel like our tendency is to believe that the news of Bitthumb listing the coin came first and then there was this price run. BUT - the actuality is that Bitthumb got FOMO when EOS was surging and so they decided to list it somewhere around $7 after it had run up from sub $1 in 5 weeks or so. It's really amazing when you can be surgical and really dissect what came first. Sentiment drives price creates news. And there are big feelings around the Larimer projects these days, certainly on my end.
there is also a rumor that a gold backed bitAsset may be released on bitshares fully redeemable in ACTUAL PHYSICAL GOLD...
that would be bonkers
Want!
Hard to have perspective seeing as we are all using one of his products......but the price don't lie......Now the News, CEOs, Internet Bozos, and Banks definitely lie......the price don't lie.
Oh yeah, anyone still having trouble with BTS and Openledger, I got on the horn with an Admin yesterday and figured out why I couldn't send or withdraw with a memo included.....
https://steemit.com/bts/@scarlet7/solved-withdraw-and-send-from-bitshares-and-openledger-dex-with-a-memo
Hopefully on EOS! I recently sold some on a 300% rise then bought more in this basis!
Not long ago, there was a user floating around here that swore up down left and right that EOS COULD NOT, IS NOT ABLE TO, NEVER COULD EVER go over $3 before release......Hahahahahahahahahahahahahaha - of course it will flux....but man oh man, that's good stuff right there!
I guess that fool is pretty quiet these. Days. Guess he’s still holding his waves bag. Lol
Other funny thing is, I checked out his blog, and all he talked about was EOS.....like the ONLY thing he ever posted about. Just goes to show, the fundamental angle is weak.
THATS Hilarious.
And he was knocking me for holding EOS.......Haha....I thought about sending him 6.50 the other day and telling him it was for him to buy 1 EOS, but there's no need for a grudge when the money speaks for itself!
success burns!! lol
THATS Hilarious.
Since the cryptocat is out of the bag on ethereum plus the testnet being public and future updates of ahead of schedule progress could send EOS to unpredictable highs. People are dying for a scalable solution, and if positive progress continues coming out on eos people will flood it with capital.
I feel the same about EOS and dont forget Cardano
I don't see the same traction, not in that span of time anyway. Long run, sure thing if they make it through the fall of the young cryptos.
There is a tipping point that we are almost reaching. As soon as that happens, BTS is going to skyrocket to the moon!
Agreed. There are assets being issued on DEX that aren't set for release for another 5-10 years. And they already show characteristics of being valuable.
Do you have any base for this? It's quite radical to jump from $8 to $300 in 15 days :)
Not days months. To years.
No that's my mistake....I keep thinking it's already 2018.....I meant maybe by early 2019. Sorry bout that!
bitshares for the win!! What a ride it will be if you are right!!
very interesting.. i sold my bitshares previously. now i should get it back. thanks. next year time for steem family. ☺️
first
You win again!
Dang.....now it just looks like we don't know how to use a forum. Way to go tt-dogg
lmao
Admire the enthusiasm, but it took Apple about 40 years to reach $800 billion valuation, they sell 200mm phones per year at $700 per phone, they employ something like 45,000 people in the US directly/indirectly, and they've endured a LOT of hardship along the way.
So forgive the skepticism on bitshares token reaching a valuation of $800 billion, but if you're calling for that we think you need to at LEAST provide some metrics on the progress of the OpenLedger exchange. The volumes on it seem quite lite, can you at least do a chart on how those volumes have progressed in the past year, and compare to OTHER de-centralized exchanges like Localbitcoin or Bisq or the probably 3 dozen new ones popping up every month?
for $800 billion calls, we're just saying you need to do a bit more work than just an Elliott Wave chart.
skepticism is healthy!
10 months ago, 2017.12.15 @haejin predicted BTS will go to $340 usd
and many cheered and some skeptical.
Now 2018.10.02. BTS is $0.11usd,
and the total market cap ranking is dropping.
Interesting prediction and interesting responses.
Need to see later again.
Who is this "WE" you speak of?
Lmao. None of those platforms come close. Your comparing apples with a walnut tree. Doesn’t compare. Plus Apple is falling off. He does strictly sentiment. Your talking fundamentals. He doesn’t do fundamentals kid.
Understood, you're correct. However, at a dark alleyway meeting ground in the heart of Cryptotown, Fundamentals and Sentiment/Charting MUST meet and fight it out. Fundamentals is like Rocky Marciano-- never lost a fight over a career!
i mined protoshares, i had bitshares x, i have been buying bts when it was 4 for penny...
and i still buy BTS everyday, this is from fundamentals and research on the team and my belief in dan and stan.....i recently found haejin a little over a month ago...when my fundamentals and research have kept me to stay with BTS for this many years and a technical analyst who looks from only a sentiment view i have double confirmation...
so im not here to convince you if you comparing everything with coins in the marketcap now your wrong with wall street and mass adoption and the billionherocampaign that will be kicking off soon. the marketsize will increase massively plus when USDT goes belly up there will be a rush for smartcoins pegged to fiat currencies like bitUSD... how is bitUSD made? with BTS in a collaterized smart contract loan...BTS DEX is a SMART COIN FACTORY not just an exchange...also its BANK...also its decentralized and cannot be shut down by any government entity...if US exchanges get shut down then more go to the DEX....and when USDT tanks so will the exchange backing it bitfinex...then we have more rushing to the DEX...
tt, you're the perfect person to ask then, as we've been researching BitShares and OpenLedger for quite some time and not yet arrived at a conclusion. Here's our questions:
#1 Withdrawal Fees
For small-timers, it's nothing to get in, but quite expensive to get out, no? We calculated it was 10-20% of funds to withdraw, but maybe we didn't use big enough numbers?
#2 If crypto suffers a big fall (like today) that last awhile, say months and very deep percentages, how will that effect the smartcoins trading on pegs inside DEX? Because if people pull their money out of Open Ledger, that means they're selling bitshares too, and that means there's less bitshares to support the pegs, so it could all fail in a "1929-event", no?
#3 Is the exchange OpenLedger, or DEX? We see people say DEX all the time, and it confuses us. Are they the same thing?
#4 Volumes on the exchange
Since OpenLedger doesn't seem to make most exchange lists you see, do you have anything which charts how their volume growth has been since inception? Curious to see adoption, but hard to go to OpenLedger every day and take a new temperature.
We are VERY interested in BitShares, fundamentally, so any info is appreciated since you obviously know it quite well for a long time.
You might be interested to check out https://www.blocktivity.info/ to find some answers on #4. I found some really helpful data there to do some calculating on volume growth myself.
Knowledge DROPPED!
Not just an exchange, Smart Coin Factory!
Funny thing is.....I don't think TA's feel like it's a battle at all. I think we're pretty happy with our methods and results. We'd love to help more people make more money, but I'm not in the business of telling other people they aren't correct in their methods.....I mean...The charts do that just fine on their own.
@harpooninvestor Read this and see the future. When you add this news to the fact that any bitasset creation on bitshares (bitUSD, bitCNY, bitOIL, bitSILVER, bit whatever asset you want, requires locking 2X at minimum the equivalent value in bitshares in a smart contract thus reducing the available supply of bts and increasing its price, you'll see the light at the end of haejin's ta tunnel.
https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7
"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"
Cryptocurrency Bank AriseBank To Acquire FDIC-Insured Bank; Partners With BitShares.
https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28
Too bad that AriseBank is was founded by two known scammers Jared Rice and Stanley Ford
who stole about 200,000$ from clients of their shell company "Bit of Glory". Probably scammed a lot more peoply with other fake companies.
Got any court documents or are your accusations baseless?
Only some months ago Bitcoin could be bought for $3k.
Only some months ago it could be bought for under $1k!
Only one year ago it was worth 1/35 of it current price 500$
Haha....."What are the chances of a girl like me and a guy like you getting together?" "Uhhh 1 in a million..." "SO YOU'RE SAYING THERE'S A CHANCE!"
the marketcap doesn't have to be that high for the price to go that high. Since bitshares are taken out of circulation and locked in a smart contract every time someone takes out a bitAsset loan(like bitUSD/bitCNY) The available liquid supply at any given moment (the bts not locked up in smart contracts) of bitshares is the number of bts coins you'd need to work with to find marketcap and price level. Everyone realizes you can take a 0% interest loan and repay back anytime as long as you lock up your bts as collateral, right? When people find this out as the bts price rises, more and more will be locking up their bts as collateral making the price rise even more.
Really ? I wasn't aware any of that was possible - I really need to read up further on BTS - your other post about a crypto backed by precious metal would be very interesting too !
@batfinkler was actually announced this evening. https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7
"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"
This is frigen huge...now we don't have to worry about the centralized exchanges shutting down our wallets and banks shutting down our accounts when we try to move the Fiat...I hope everyone realizes how big this is...that was the weak Achilles heal in my opinion and something i mentioned online is the fact that the banks could collude with the governments and not allow people to go into fiat from crypto...this is big news
Totally agree!!! When all of this is seen through, it will be the biggest deal in crypto history.
Crypto will be money, while Apple is one company.
It could happen that with the EOS success, people will trust bitshares more as the standard decentralized exchange since it's made by the same creator.
https://medium.com/@michaelx777/bitshares-and-arise-team-up-the-worlds-first-decentralized-bank-and-exchange-join-forces-db5b81369aa7
"BitShares has in turn, teamed with the United Precious Metals Association (UPMA) to bring real-time metal-backed digital currencies into the mainstream. The combined strengths of conventional bank + decentralized bank + decentralized exchange + smart coin factory + gold depository + enterprise integrator makes the first full service alternative financial system to offer honest money and a level playing field for all mankind. This isn’t just exciting, it’s a game changer!
Arise, the First Decentralized Bank
“ Where you empower the world and we empower you.”
“We believe banking is all of our business, yet who you are is none of our business.”"
https://www.huffingtonpost.com/entry/cryptocurrency-bank-arisebank-to-acquire-fdic-insured_us_5a32bad1e4b00caf3d59eb28
Cryptocurrency Bank AriseBank To Acquire FDIC-Insured Bank; Partners With BitShares.