Why I believe Steem and Bitshares are way undervalued now

A) Bitshares:

  • On the 5th of November 2016 (less than 1 month) the dilution from the merger will end. That means no more dumping of Bitshares from miners and others who didn't see the vision of bitshares and keep dumping their shares from the Bitshares merge with DNS and Vote for the last two years.

  • There are rumors about improvement of the GUI of the Openledger wallet

  • There are rumors about completion of Stealth (anonymous transfers)

  • The reserve pool has more than 1 billion bitshares available (that is more than $5 mil dollars even in these low bts price levels) for development. Feel free to come up with a worker proposal and get paid by the blockchain. However, bear in mind that bitshares shareholders approve only very useful and essential worker proposals.

  • Overall I believe bitshares is a sleeping giant and at some point some serious investors will realize the full potential and eventually will be in the place it deserves in the cryptocurrency market. Bitshares in development, efficiency and use is leading the way compared to many other projects out there and yet its market cap is only $12.5mil.

I mean come on guys seriously??? Doge coin at $25 mil, NEM at $39 mil, Lisk and Waves at $21 mil, Stellar at $18 mil, emercoin $15 mil...Come on now...You need to try bitshares DEX and transfer funds for fun and then try do the same with the others mentioned above and realize the difference.. Bitshares can do so much more than all of the above projects already now! And don't get me started with the other projects that are valued above bitshares like litecoin, ripple, ethereum, dash and monero because this post will be endless..

B) Steem

  • Steem is indeed a very risky investment but with high risk comes also high returns!

  • Steem at some point reached $4 if I remember correctly and currently trades at $0.3. That is c93% drop from the high. Most altcoins historically when they get pumped for a period they usually correct with a 50%-75% drop. Therefore I believe that 93% drop from the high price is a significant drop and a good point of entry or increasing significantly your position. Unless of course if you consider Steem a dead project...But if that is the case you shouldn't be in here and you shouldn't read this post.

  • I think that most people do not realize how cheap steems are currently. Currently there are c.10.2 mil liquid steems. That means that the true market cap of steem should be c$3 mil and not $50 mil that we see in coinmarketcap which takes into account the steem power.

Let me repeat the above because I feel it is very important and most people do not realize this...Steem market cap should be $3 mil now and not $50 mil. In addition to those $3mil market cap in steem, there are also in existence c$2 mil steem dollars. $2 mil steem dollars with an average $0.80 - $0.85 dollar peg means a value of c$1.7 mil real dollars... That is just wow!!

Steem calculation of the market cap is the oposite of ripple (xrp) market cap calculation. In ripple, coinmarket cap takes into account only the liquid xrp, that is c35.5 billion xrp with a market cap of $282 mil. In reality there are 100 billion xrp in existence and if you want to compare like for like with steem, you should compare $793 mil market cap of Ripple vs. $50 market cap of Steem. Otherwise the comparison should be Ripple's market cap of $282 mil vs. Steem market cap of $3 mil..

Doesn't Steem sound to you a bit undervalued now and a good buy?

Please share your thoughts...

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