Only recently have I started to do research on Bitshares. It has been kind of a mystery to me before. I have spent one day reading and watching videos and already now I feel that this is a diamond in the rough and like with all Dan Larimers projects it's before it's time. That means it's the perfect time to get some skin in the game. Below are six reasons I found to invest. I also made some 3D concept illustrations to go with the post.
Bitshares is a decentralized exchange. That means, that just like Steemit no one can close it or hinder you from accessing your funds, you can keep your investments safely online, and don't need to download any extra wallets.
Unlike today's derivatives market that is out of control and backed by air the cryptos or commodities traded on this platform are backed by Bitshares.
Opening an account is done in minutes, just go to this address https://openledger.io What is awesome with Bitshares is that your deposit address can be chosen by you and is the same as the name you chose to use when you register. For example my address is dandesign86, same as on Steemit. This is much easier to remember than most other crypto deposit addresses that are a string of many numbers and letters.
Trading on Bitshares is extremely fast and convenient.
You can create your own coin in the click of a few buttons. This could be a fun easy way to promote yourself or to create a project.
You can buy gold and silver on here which is backed by Bitshares and which follows the market price. You can also invest in different currencies backed by Bitshares. Switching from crypto to these assets is very fast and can also be a good easy way to protect your money if for example all cryptos start going red you can move some over to Bit Usd or bitgold and it will be more stable there. Then you can transfer it back to Cryptos when the market calms down.
A lot of this is very new to me and I am definitely not a specialists. But I think moving some funds to Bitshares can be good especially after it recently made a big dip.
Maybe Bitshares and openledger is where most traders will be in the future and it will become the "NASDAQ" of the crypto world or the new Nasdaq overall because people will have lost trust in the derivatives market or like Warren Buffets call them the weapons of financial mass destruction.
When EOS will be launched as well I think there will be a trifecta of Steem, Bitshares and EOS all taking a jump higher and people will realize the genius behind all of Dan Larimers developments. As they say all good things come in threes !
This is not financial advice, and please do your own research and form your own opinion.
Bitshares has come a long way and I really enjoy the system however there don't seem to be many big applications that use it as of yet however that could very well change.
There are in fact several real life applications using Bitshares. Bitspark is one of the most promising right now. They are a global remittance company and are moving from Bitcoin to the Bitshares network. Also, exchanges are starting to add bitAssets such as bitUSD and bitCNY as trading pair alternatives to Bitcoin.
I agree with you mate. I found out about Bitshares several months ago and have been buying as much as a I can. A lot of good things happening. Here are some links for anyone interested ....
http://wallet.gobitshares.com
https://web.telegram.org/#/im?p=@BitSharesDEX
https://web.telegram.org/#/im?p=@Bitshares_Traders
https://web.telegram.org/#/im?p=@EOStraders
https://web.telegram.org/#/im?p=@sovereignhero
https://www.billionherocampaign.com/
http://www.sovereignhero.com/
http://bytemaster.github.io/update/2014/12/18/What-is-BitShares/
https://www.youtube.com/channel/UChtICzF0ZEhhgoMA8YWhULw
https://t.me/joinchat/BQS59kQMk8bL74vR8NkhMg
Thanks for the links I will definitely check them out ! I just had my eyes opened to bitshares so this will come in handy to learn more :)
1)BTS, 2)eos, 3)steem....4)get crypto wealthy...any questions? buoght bts at 4 for a penny....eos 50cents...steem 88 cents now just fucking hold
Hahaha it's definitely the best thing to do right now . Trust your gut !
Is it just me or does openledger.io hate iOS?
Haha well it does seem like it unfortunately. It would be great if they could fix that !
I couldn't agree more! BitShares and STEEM are some of the best blockchains in my opinion, they provide great utility. EOS is going to be interesting. Can't wait to see where it's at a year from now.
Exactly! It's a great utility, while a lot of the other coins are actually just for speculation in most cases. There is definitely a lot of underlying value here which will probably come to the surface for the mainstream to see very soon
Cool 3d models and I agree the trifecta is here and we are here to see the early days it feels like we are living out a very important time in history.
We are definitely living in a very important time where technology will either save us or enslave us
The potential of bitshares steem and EOS seem to be huge. Like you stated a little ahead of their time. But just get in and hold on for the ride. It’s only a matter of time. I believe next year is goin to be huge in the world of cryptos.
No doubt about it ! We have only seen the beginning of this gold rush
I have really not looked into Bitshares until recently...thanks for the info, I’ll definitely give it another look!!
You should check it out - Bitshares are cheap right now
I have come to this whole crypto thing rather late. While it sounds interesting, it does call for more research. Above all, for myself, there has to be very good security. It’s a good idea to protect your assets from Evil Government, but not if you just expose them to Evil Hackers. Anyway, thanks for the post. More research to put on my to do list.
It's important to keep passwords and keys very safe that is for sure. But as long as we do that its more safe than in the bank or matress
Certainly safer than banks or mattresses. Although my mom and aunts who lived during the depression would have cash stashed around their houses.
Actually some cash is also necessary hehe can't get away from that
This is great