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RE: BitShares price forecast of $100.00 USD by end of 2017! - Chinese HPB token ICO in BitShares starts today - August 23 2017

in #bitshares7 years ago (edited)

Are you really sure about it reaching $100? Eth has some ICO running on the Blockchain but it didn't make it go high up that much. I'm not a cryptocurrency expert. I just want to learn so I'll know where to invest and get short-term/mid-term gains.

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Hi @ogoowinner and thanks for the excellent question.

$100.00 USD forecast takes into account many factors including, though not limited to, the fact that Hong Kong's Bitspark Remittance Platform for Money Transfers is in the process of switching from Bitcoin to Bitshares' blockchain.

You are welcome to read about that here -

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 -

https://nandibear.com/bitshares-price-to-surge-to-a-reportedly-whopping-100-usd-by-christmas-2017-bitshares-ousts-bitcoin-in-hong-kong-and-elsewhere-as-us-and-australian-government-regulators-move-in

Lastly, regarding ETH - the price is already high ($320.00).

BitShares price is at a bottom floor .12 cents to .13 cents.

Of course not. There is zero technical analysis in this post or any calculations as to how that figure is reached. It's pure hype and sensationalism.

Don't get me wrong this is all good news, but this kind of pumping is really not helpful at all.

@sfletcher62372

Are you sure? What are your thoughts regarding Efficient-market hypothesis?

"The efficient market hypothesis (EMH) is an investment theory that states it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information."

Please explain how that gives Bitshares a valuation of 100 usd by year end?

Please don't take this as me being negative or bashing your posts, I just want to understand fundamentally how you achieve that figure based on the publicly available information - if it gets to that price I would be retiring!