Coin market-cap is a flawed measuring instrument. Still, it has descriptive value as a shared data point for market participants. Human beings, influenced by emotions and group psychology. There is a common cognitive bias called the "unit bias" where the notional unit of a good service irrationally influences human decision making.
What sounds better? Seven hundred and Sixty-Five Million (total market cap of bts as displayed on https://coinmarketcap.com/currencies/bitshares @ 05.10.18)
or....One Billion?
Simple and memorable. But only because of the unit of account (USD). Combined with another cognitive bias - the anchoring effect - some valuations may gain their own inertia and justify their relative value if a sufficient part of the market participants associate a specific number as a price equilibrium. This helps explain why some coins hold their relative value to others.
Full disclosure, I do hold bitshares. I am a long term hodler because I believe the network value of a working Decentralized Exchange is well in excess of one billion usd. In this author's opinion, bitshares is a useful and undervalued asset.
My friend, could you recomend me a basic reading about bitshares? I read your articles and I realise my ignorance...
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I like that: https://coincentral.com/what-is-bitshares/
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Thank you very much.
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thanks for this link. i also like that.
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@john-robert, well boss, bts for now may not gets the needed attention for now, but the truth remains that as long as it is habouring other coins, a time will come when it's holder will smile from it due to it's instant rise, so they is still hope for BTS
I STILL NEED TO ACCUMULATE MORE OF IT
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you are right. When you say harbouring other coins do you mean smartcoins or the gateway off chain assets?
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@john-robert, I mean the smartcoins boss
THANKS FOR THE UPVOTES
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Nice Post, as usual. BTS is on sale right now maybe we never see this price again...
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Thank you for your continued support of SteemSilverGold
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yes you just said. Since the beginning of the year at steemit , you have gained new unbelief from That's it . Everyone needs to know about this matter. Thanks to you regularly for giving such information.
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hope that it's will be increased and we will never this prize again. thanks for your important information.
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