Finally I got a Bitshares account and loaded some BTS by transferring some SBD with blocktrades.us
At first it seemed so complicated but once I kept browsing and clicking different links I'm now able to understand the basic of this system.. I'm still confused about all these open.BTC and other open.Assets
I guess these are not real coins but perhaps they are all pegged to their respective coins and can be redeemed anytime..
But I think its more reliable exchange.. The goal is to buy low and sell high.. It can be difficult using other exchanges and do it again and again using fiat, but it gets easy with Bit.USD which has the same value as fiat USD and trading within the system also allows us to continue trading without paying miners fees.. for example if I trade the same Bitcoin 5 times a day it will get difficult with all that huge miners fees for the BTC network.. the only disadvantage I think is that if the Bitshares blockchain gets hacked then we lose our coins, but that is a kind of risk for every exchanges.
But for now I guess this book BitShares 101 written by Max Wright is a rare jewel for all those like me starting BTS for the first time. I'm gonna leave a link here of this awesome book and would recommend everybody to read it, its a great book written and very easily to understand when you read it.
I guess these are not real coins but perhaps they are all pegged to their respective coins and can be redeemed anytime..
But I think its more reliable exchange.. The goal is to buy low and sell high.. It can be difficult using other exchanges and do it again and again using fiat, but it gets easy with Bit.USD which has the same value as fiat USD and trading within the system also allows us to continue trading without paying miners fees.. for example if I trade the same Bitcoin 5 times a day it will get difficult with all that huge miners fees for the BTC network.. the only disadvantage I think is that if the Bitshares blockchain gets hacked then we lose our coins, but that is a kind of risk for every exchanges.
But for now I guess this book BitShares 101 written by Max Wright is a rare jewel for all those like me starting BTS for the first time. I'm gonna leave a link here of this awesome book and would recommend everybody to read it, its a great book written and very easily to understand when you read it.
Downloading the pdf is the best idea, I often read books while I'm stuck on traffic while traveling, thats why I prefer downloading and reading them offline..
The only thing I can tell now is that the prices of cryptocurrency fluctuates all the time, so this is a great opportunity to make some profits by buying it when the price is low and selling it when the price is high..
Oh and one more thing, if you are a veteran on BitShares please allow me to learn from you.. I will be more than glad to be your apprentice and learn from your wisdom... THANK YOU FOR READING THIS POST
Bibliography:
gitbook.com
wallet.bitshares.org
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