Bitshares. First Impressions.
So, I jumped onto bitshares a week before the crash. I've been reading up on Dan and his ventures, and had already found and purchased some EOS tokens. The idea of an operating system on the blockchain was really innovative. For the first time, I began to see a purpose for P2P computing besides the transfer of assets from one user to another.
With my discovery of EOS, came Steem and Bitshares, and I opened up an account. I transferred in some bitcoin and looked around, but didn't do anything.. just clicked around and got familiar with the interface. Finally, I transferred all my bitcoin balance into BTS.
Then I woke up early one morning and saw that bitcoin had dropped from the mid $4K level to mid $3K. I had about 3500 BTC and went on, thinking I might want to do something. Then I read about the Chinese rumors of exchanges and IPOs and realized it was going to be nasty.
I opened Bitshares and looked at the markets. bitUSD? What is that? I did a bit of reading and realized it was a dollar-tracking device and I went onto the exchange.
It took a few clicks to figure out what I was doing, and frankly, the interface is a bit too static for me. I didn't know about reload, etc. I placed an order for bitUSD and in a few seconds, all I owned was US dollars.
I went to work and forgot about it.
That evening, before I went to bed, I opened my bitshares app and I suddenly went from 3500 BTS in my account to almost 7,000 BTS. What the heck? Bitcoin had gone through the floor, but my bitshares value was held.
I watched the market, and when BTC had reached about 2900 US, I repurchased by BTS.
First Impression? Pretty good.
The interface is still a bit dodgy, and it feels like it doesn't react to the market as fast as it should. I finding myself reloading often to ensure I'm seeing the real-time market conditions.
That said, I doubled my bitshares BTS/BTC position overnight. And it cost me less than a couple BTS to do it.
Bravo Bitshares. Bravo EOS. Bravo STEEM!