I've quit Bitshares for 2 years...why am I back?
Backstory
Me and Bitshares go way back. It was love at first sight. Oh yes, 3 years ago, while I was listening to one of Dan Larimer first keynote speech, I decided that it was the kind of project I would like to get involved in and I bought bitshares even before owning bitcoins.
Needless to say that ever since I've joined bitshares it has been a loooong bear market. The investment didn't pan out...Yet, I am still amaze at how people just keep having faith in the technology and have kept plowing and improving the code.
Then Came STEEM...
After 2 years, I came to the conclusion that even though the technology was amazing that the market wasn't looking for a decentralized cryptocurrency exchange. A year went by and then some old friends from bitsharestalk forum told me about this brand new thing called STEEM. I was skeptical at first, in February 2016, because I couldn't even register to the website without jumping through so many hoops that it reminds me of shadow deals in back alleys of the China Town in Montreal.
When the registration process improved around May, I joined and caught the vision. I knew this things was going to be YUGE. The rest is history.
Why Am I Back On The Bitshares Train?
Basically this...
Source: CryptoFresh
Since we are talking about an exchange running on a blockchain, the success of the platform is intimately linked to the amount of liquidity and transactions occurring on the network. Of course, bitshares is much more than that but right now it's the primary option. Everytime a transaction is filled, the DEX(decentralized exchange) is collecting fees in the form of BTS. The more fees are collected, the more valuable the DEX become.
Combine this with the announcement of STEALTH transactions AND the recent stress test showing a capability of process up to 3300 transactions per second...stars seemed to have aligned enough to tell me that right now bitshares is going places.
Conclusion
This is not investment advice and please don't invest money that you can't afford to lose. Have fun, steem on and beware, this is cryptoland...anything can happen!
Click here for a list of how-to tutorials (Thanks @ash)
Cheers!
As one of the people you got bitshares from before you had bitcoin, I salute your return! (your Mama didn't raise no fool lol)
I'm also really sad that you had already left Vancouver Island by the time I got over there to meet you in person. :-)
Promoted (because the steemit and bitshares look so good together there on the "promoted" page - check it out - https://steemit.com/promoted) and resteemed
Thank you @onceuponatime , I remember! I'm back! I'll make sure to promote it too. :-)
I'm new here😀, I appreciate the community
I had to get on board when I saw what it could for businesses. Amazing stuff!!
Hi Cryptoctopus; great post
You should checkout the Bitshares and Beyond Bitcoin mumbles - Fridays 2PM and 3PM UTC
Beyond Bitcoin:
https://steemit.com/beyondbitcoin/@officialfuzzy/guest-signups-beyond-bitcoin-hangout-199-3-24-17-rsvp-to-guest-speak-about-your-blockchain-project-last-week-s-payouts-signups
Bitshares Mumble:
https://steemit.com/bitshares/@chris4210/bitshares-hangout-12-03-17-17
Welcome back to the BitShares Universe! Make sure to visit us at www.telegram.me/bitsharesdex too :)
I've found Steem because of Bitshares (that I've tried for ten minutes before I quit and go ti the next one). I found that BTS is not user friendly (it's not for the mass.)
I agree that it's not user friendly, at least for me as a non-computer geek. I have the Bitshares2-light wallet on my desktop, go into it often, try to understand it, try buying and selling, get confused, google for help, look at the "help" files, ask for help, read the forums, and get nowhere. It's frustrating because it's way over my head.
Be careful with the liquidity graph; it may look compelling and heading for the skies, but it is always worth asking what other explanations there might be. For example if a project is focused on stress testing the network. I see that the API has progressed and that bots are increasing trade volume, batting trades back and forth between themselves. If sustained, improved liquidity can only be a good sign. Good luck to the Bitshares community.
Great Piece! I was all excited about BTS but a couple of years ago I got out. maybe I will have to take another look at them.
Thank you for posting @cryptoctopus.
Appreciate the update regarding BitShares. Will give it another look.
I will check it out.
I like Bitshares for its utility, as an investment the graph look scary
yes it does. But you know what they say...buy when there is blood in the street. Right now its a carnage.