Should I sell my BTS and buy Steem?
I've been a holder of BitShares (BTS) for a long time. Now I'm considering selling my BTS in exchange for Steem. Steem has momentum and BTS is declining. I'd like to hear other opinions on this. #steem
I've been a holder of BitShares (BTS) for a long time. Now I'm considering selling my BTS in exchange for Steem. Steem has momentum and BTS is declining. I'd like to hear other opinions on this. #steem
I think Dan and the team are experimenting and have the opportunity to get paid to do it and also enrich a great many people who have been supporting bitshares on the wrong platforms (a forum and social media that doesn't pay you) for way too long.
I personally laugh when i see bitshares go below 9.5 mil...and i do mean it---I laugh. Why? Because even though it is not done (and it probably never will be---is Bitcoin ever "done"?), it offers things in crypto that very few can offer. There definitely needs to be more funding, but I still don't think bitshares can be stopped longterm---even if there are competitors, they will simply not be able to scale like bts can (unless they fork bts, of course)
I would not recommend buying Steem. The inflation is too high (0,3% per day) and you lose money all the way. You better take your Steem and Vest them, since Vest is protected against inflation. Please check the Whitepaper for more info.
Buying Steem and holding Steem are two different things. It is okay to buy it (and I'm not recommending this; make your own decisions), but only if you plan to either power it up to Steem Power and hold for an average 1+ years or only hold it for a relatively short time. What you should not do is buy Steem planning to hold it long term in powered-down form.
Sell your ether and buy STEEM :-)
I believe in the short to medium term that Steem will be more valuable. Conversely, as people start to recognize the graphene toolkit is built by Bitshares, maybe the BTS value will increase.
Both have a lot of good things to offer. As Bytemaster said, he is working on Steemit only because the feature sets are not in competition with one another. I have been in BitShares since the AGS days. It still has a lot of room to grow, probably slowly, and notably through the innovations and volume that the various entrepreneurs are bringing to its blockchain and ecosystem. I have found Steemit to be a refreshing change and I think it could have a great future. Steemit and BitShares - the two are not mutually exclusive. Keep some BTS there, move some value here to STEEM, and earn more here by helping to build out the content.
That feel when the comments make hundreds of dollars and your question makes $0.00. =b
I think comments reward parent posts up to three levels
@dan can confirm?
Sell your kids and buy STEEM! Kids don't vest well. ;)
Just remember that all cryptos have value based on speculation. The reason Ethereum and Bitcoin have done so well is because of mining. Mining is a marketing mechanism that can lead to higher speculations. Steem has mining and content mining, which could be even more effective than the former.
Bitshares also has value almost purely on speculation, but an added element that may hinder it is that only really smart people can understand it well enough to speculate in the first place. And there's no mining .. so no built-in marketing.
Disclosure .. I have gone almost completely into Steem Power.
And I also put a buy rating on Eth and Btc. Honestly, after watching the last few cycles and realizing everything in this space is based on speculation, I don't think these caps will ever go below where they are. Even if people begin to realize it's all speculation, the bubbles won't pop, it will just give more people more confidence to speculate higher. .. Crypto is a phenomenon ..
https://steemit.com/steem/@tuck-fheman/-i-have-gone-almost-completely-into-steem-power