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RE: Bittrex vs. Bitshares = Decentralized Bitshares SCARES Centralized Bittrex

in #bitshares7 years ago

I like BitShares and I use it for some low volume market making on a few niche tokens where I think it's barrier to entry for new players is incredibly low and the features available are very good (along with performance)

But I don't like the way the SmartCoins are functioning. The way the trader collateral is held and trigger a "Black Swan" event which is like a big flush of the system, along with the implied volatility in the BTS price makes it a risky crypto to hold.

Trading is excellent though when liquidity is there. The DEX has to be the best exchange available from a functionality perspective. The only other DEX to go close would be EtherDelta and it's a distant 2nd. That said, for assets outside the BTS network there is still reliance on gateway providers, which introduces another centralised point of failure.

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I guess investing in coins on downward trend with future hope of rebound is idea.. @buggedout any ideas for a new guy into crypto trading... Or any good ICO coins?

If your new to crypto trading I suggest you stick with the "blue chip" cryptos. The ones in the top 10 on coinmarketcap.com or maybe the Top 20. They will still be volatile but hopefully a lot less chance they will go to ZERO. Make sure you're familiar with how they are used and understand the value they can bring. Steer clear of ICOs until you're more experienced. Good luck :)

Ok...thanks... Need a video tutorial to learn more... Was guided on ICO. ...bought COSS and sold after 48hrs for 3x d price ... Although i guide from an experienced steemian...
Will take ur advice as i also use coinmarket... Using etherdelta for the trade