Sorry for all of my newbie questions. I'm still confused about a variety of concepts with BitShares.
-What exactly is bitUSD, bitGLD, bitAssets, etc? I've read the ELI5 thread but still confused. Why is it significant?
-Should I invest in bitUSD or BTSX? What is a better investment and why? Is bitUSD or BTSX even meant to be approached as investments, or are they mostly for day trading? Can it be used as a long term investment? Should I hold?
-Could BTSX or bitUSD used as a currency in the future? Do either of them compete with Bitcoin or complement Bitcoin?
-How secure is the wallet/BitShares client? Do I buy BTSX from an exchange and then somehow convert it to bitUSD?
Does anyone have any specific tips/advice as far as making a bit of money off of this? I'm not hoping to get filthy rich, just trying to make a little bit of money on the side in my free time. Anything else I should know before getting involved?
As you can see, I'm a TOTAL noob. Can anyone provide me with some EXPLAIN LIKE I'M A GRANDMA
resources? If so, I think this would help me get involved as well as many others. Please dumb it down as much as possible lol.