Should You Invest in BitShares?
As BTC Manager puts it, like with most cryptocurrency projects, the investment story for bitshares focuses on the success or failure of its platform. BitShares has been around since 2014 developing its platform that allows users to digitize “real world” assets and trade them on the blockchain in a decentralized manner. If the digitization of traditional assets and securities becomes industry standard in the financial industry and if BitShares manages to become the go-to platform for this, then the value of bitshares (BTS) will skyrocket.
BitShares looks to extend the innovation of the blockchain to all industries that rely upon the internet to provide their services. Whether its banking, stock exchanges, lotteries, voting, music, auctions or many others, a digital public ledger allows for the creation of distributed autonomous companies (or DACs) that provide better quality services at a fraction of the cost incurred by their more traditional, centralized counterparts. BitShares does for business what bitcoin did for money by utilizing distributed consensus technology to create companies that are inherently global, transparent, trustworthy, efficient and most importantly profitable.
Now, due to payment disputes with other developers on the BTS team, Larimer is no longer involved with the project and has sold his shares in the project. The BTS GitHub remains active with contributions from Fabian Schuh and Vikram Rajkumar. Since highs were reached in June 2017, BTS has slowly bled almost all its gains. The trend is candidly bearish and has been for months. Coins with this price structure pose a unique opportunity for large risk and reward trades.
BTS offers much more than just a cryptocurrency, but has essentially collapsed under its own weight of complexity and lack of compelling use cases. And even though BTS has lost much of its smart contract market share to Ethereum, we at Itsblockchain are sure that the decentralized exchange offered on the platform may provide a future golden egg service. BitShares is currently significantly undervalued and in the near future it will be a whole different ball game!
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