I don't know why.
Sure. There's inherent value in the platform, in the vision, in the applications and in the potential it holds.
But what is causing a sudden 20% uptick in the market value of them?
Is it the news relating to the vest changes coming in november?
Has the 10% uptick on Steem awoken all the bitshares holders, do they see blood in the water?
It seems like a good purchase
It's chronically undervalued after the constant downward pressure - a market cap well below 20M USD seems a steal. But which timeframe are we looking? Are the near future events already priced into the markets and their movers? These are important questions to ask ourselves before we commit our money to where our mouths are. Some of you may have time on your side. You can happily wait 2 years for your bitshares to rise from the downtrends like a phoenix. Others are on the prowl for a Steemit gamechanger like the weeks after July 4th. And that makes perfect sense.
I'm personally tempted to add 5% of my portfolio into it
I've missed out on the big Monero train for some quick gains, and I feel that is currently in the phase of 'buy the rumour, sell the news'. Once the actual news of Monero adoption on the deepweb turns into reality, my bets are on it being more like a deflating balloon than a bomb of commerce and activity. On the long term, it's still mired down as 'just another bitcoin spinoff'. Bitshares seems more stable and brings more functionality to the table - which makes it a more interesting purchase to play with.
What do you think? Do you hold any Bitshares? Will you hold any, soon? Got any advice for me?
I'd love to hear it.
I know a lot of you bring a lot of wisdom regarding financial markets and crypto, so it'd be great to see some more discussions of that as in, say here and here
