The BitShares volume is just too low to take it serious - maybe for total beginners, but then they will also not really figure out, how the market works on the bigger exchanges. I like the idea, but I don´t believe, that BTS will become a serious player in the field....
You are viewing a single comment's thread from:
with more volume, an easier interface and some marketing...this thing could be HUGE. I'm actually trying to put a team together to take a serious dive in to the potential.
Thanks for commenting. Bitshares is so much more than just an exchange. The Market Pegged Assets are something to really look into. It's a feature that can be used for zero interest "loans" to use for margin trading. No other exchange has this... and it's a big deal. So while the volume may be low now, I've increased my crypto holdings over 10 times (mostly due to trading on the Bitshares DEX). It may not be for everyone, but it is easy to get started with and has practical use right now.
This is an important point to note. You can give yourself an interest free loan on Bitshares and then buy more bitshares or Steem or whatever. Then sell it later and increase your bitshares holdings. And you don't need to get verified!!! Try that on a central exchange. Yes, as it was pointed out the volume is low compared to some central exchanges, however, if you look on cryptofresh you will see fillorders/accountcreates/transfers have increased substantially since January. Add to that the recent announcement of a new smart asset called bitXCD(Eastern Caribbean dollar) which opens bitshares up to seven caribbean nations, and Bitspark's launching of Zephyr and their commitment to launch more currencies in the future, and Stan Larimer's recent post regarding new business development activities and you can start to see a picture where volume will most probably grow as we move forward. If you want know more about giving yourself an interest free loan on bitshares, you may want to check out Tony Peacock on the Go Bitshares youtube channel.
Thank you! I was not aware of the margin trading with a loan. Just watched the video of Tony Peacock - I will try that for sure! Thx!
You're most welcome.
^This^
BitShares has resilience built into it via its decentralized nature. When all of the centralized exchanges fall under fire from oppressors and succumb to the demands of a failing legacy financial industry, BitShares will be waiting in the wings to absorb that clientele and deliver on the promise of cryptocurrency and the blockchain.