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RE: BitShares (BTS) LONG TERM FORECAST...$342!!
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.