When you sell your bitGOLD you will get 1 ounce of gold in the value of bitshares.
So lets say you bought bitGOLD for $1200 while bts was valued at $.024, this costs 50,000 bitshares.
Now you sell your bitGOLD for $1140 today while bts is valued at $.006 today, you receive 190,000 bitshares.
You just made a great trade and nearly quadrupled the amount of bitshares you had.
I see, so as long as the bitshares network remains viable i would always have bts available to cash out my position. Thank you for the clarification.
I must confess, I like your video KenCode. As someone who is not a trader I would like to understand the how to interpret these bitshares screens, but i love the idea of being able to save in different currencies and commodities.
I see people saying that there is no counter party risk, is that really true?