1 Level
6 Review
15 Karma
Review on BitShares by Luu Huynh De
Investing in cryptocurrency can be profitable, but with those profits come…
Investing in cryptocurrency can be profitable, but with those profits come danger. Transparency is important in financial services, and while other cryptos focused on redefining banking, BitShares aimed at the heart of Wall Street. Whether it’s a kill shot, or they both must learn to live together, remains to be seen.
Keep a close eye on the financial sections, as well as the cryptocurrency news, and buy BitShares BTS at your own risk.
Pros
- • The BitShares platform ensures that its users can change their cryptocurrencies to stable assets by turning those coins into a different cryptocurrency whose value is attached to a real-life asset (for instance, BitUSD is attached to the value of USD). • BitShares has the ability to represent a plethora of assets. As well as being able to act as a stand-alone virtual currency, it can also be utilized as a representation of the US Dollar or gold. • BitShares’ affordability puts it in good stead with users looking to delve into the cryptocurrency world.
Cons
- • BitShares’ value is still volatile and it will likely continue to be that way until the market finds and comes to terms with a fixed inherent value. • A sudden crash in value will immensely create doubts about the system and it will disrupt the ability to carry out safe transactions (e.g. a loan), particularly on a large-scale.
