Wow! Great post. I would have to agree. It is a little scary how little people think. I mean people are putting "ZERO" thought in to Bitstake the start up. Bitstake is going through a typical Start up cycle. People do not understand the phase that they are in currently. I have a start up. VC's DO NOT give money to people with ideas any more. They only give money to businesses that provide market validation and penetration, FIRST.
But, we cannot have our cake and eat it too... If people were doing careful analysis and research about Bitstake and how XBS worked within the platform and really came up with realistic future projections, WE would have never have been able to get in XBS so cheaply.
The Exchange opens soon and the price of XBS will THEN depend on Bitstake. They have already signed up 1000's. If those subscribers actually utilize the services, XBS will go to $100million+ in a couple months. Bittrex, will not be relevant to XBS. It is just math.
Incidentally, I do not worry about XBS price. The more disturbing thing for me is the Fear and Ignorance that I see in the market, right now. The market was so different in Nov-Dec 13. I personally believe Paycoin all but killed the Crypto market. $millions of dollars got sucked into that SCAM and those poor people are down 99.3% and still dropping...
XBS will bring much needed life and legitimacy in to Crypto.
The smartest thing a person could do right now, is Buy 1 BTC of XBS and forget about it. I was telling people last month to just buy 1% and forget about it (13,000 coins). At the time it cost about 2BTC. Those people now have 13 BTC and growing... Cheers!
BUY 1 BTC of XBS and walk away!! Your upside is 100 to 1000BTC+ in 2015. Your downside is only 1 BTC. What is there to think about?
Thanks
Dr Mike
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