What is BitShares - short explanation
There are two important things to understand when explaining BitShares.
BitShares is a trading platform. This is where any user can register an account and start trading cryptocurrency. Buy low sell high. The best thing about trading in BitShares is it's decentralized nature, other trading platform operates in centralized manners, they need to hire employees and because of that crimes like insider trading, theft of money through hacking occurs. Most of the it's the platform actually betraying the traders. But BitShares is maintained by the witnesses, they are not employees but traders who volunteered.
BitShares is also an independent cryptocurrency which can be brought and sold in trading platforms, nowadays in many countries one can actually pay for commodities using BitShares as money. BTS is the short form of BitShares.
So, one can actually buy BTS and sell it for profits when price gets higher. Currently the price of BitShares is $0.22 but needless to say, BTS has the potential to get higher than $1 very soon.
On Steemit our income depends on the support of others. But on BitShares our income depends on our observation, study, and taking correct decisions at the correct timing.
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#money #currency #business #life #cryptocurrency #steemit #bitcoin #btc
This post is about #bitshares #bts so I suggest you should make a separate post if you want to promote #waves
Great post, I will check it out. Have you heard of waves platform? It sounds similar to bitshare.
$3k Bitcoin, ouch! I'm checking out that post now
this is the first time I hear about #waves #platform I checked their site.. well compared with #bitshares #waves seem pretty new.. there could be two alternatives if I invest $1000 in #waves now, then after a year or two, that $1000 could either turn to $1 million or $0.01 cent
Here's hoping the first option eventuates. I'm very bullish on #waves and the platform is good for trading other #cryptos and currencies