Crypto-review cycle is where I’m giving you, Dear Reader, a quick and cool view on the one of a huge amount of the cryptocurrencies avaible of the market. I’m not going to predict any trends, I just want to provide you the clear information. Hope you will enjoy it. All of the data are valid for the date of publication. Don’t forget to vote in comments for the theme of the episode 5!
BTS - Bitshares
Current value:
$0.2824 (Coincap)
0.00012262 BTC (Poloniex)
0.00012250 BTC – 0.29$ (Bittrex)
Avaible supply – currently – 2 596 110 000 (fluid)
Since – 2015
Market Condition: Decreasing after the pump
https://bitshares.org/
About:
In the sea of shit, which is the altcoins market, BitShares is… Don’t get me wrong – it is still just another piece of shit, but it is also the future of this market.
With BitShares, you can take short positions, issue bonds, get your options (BitUSD, BitGold, BitSilver, BitOil etc.) and do whatever you should be able to do on the true cryptocurrency market/exchange.
Why yes:
It works. It’s not Golem, MaidSafe or any other project with accomplished website and manifesto. You can buy BTS, go to their exchange and trade, and that’s why I’ll give this project a shot, but in a long term (In an upcoming market crash it is going to crash too, brutally).
Why not:
When you are going to trade with commodities like gold, silver or even the fiat currency, you gotta give in exchange something with at least similar rate of value-fluctuaction (for example, if I’m going to trade USD for gold, I can expect, that during the next month the value of both may change in favor of one or another by 1, 2, 3 or at least 15% - it’s called predictability).
Can you tell the same about any cryptocurrency – including BTC or ETH? And what about a regular altcoin, which value can hesitate in hundreds of percent on the distance of hours)?
BTS is designed fot the stable, organic-growing environment. I feel a little confused when I’m using these words in the same paragraph with the word „cryptocurrency”.
Please, help me choose which currency shall I review next. In comments you can find my 3 propositions which you can vote.