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General Discussion / Re: Bitshares price discussion
« on: November 06, 2015, 10:48:33 am »
I'm still holding onto my BTS. But I am still trying not to confuse the conversion of BTS to USD as for BTS to BTC.
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Ever since, bitcoin was given to the world, by the genius of Satoshi, people did not realise the implications. being the first cryptocurrency people used it, spent it, and many lost it, they did not think of hoarding it or very few did. As the popularity of Bitcoin increased, many started to believe in the magic of increasing value, so they hoarded too, hoping someday that they too will become millionaires. However, as the technology became known to the world and new adaptations like bitshares hit the market, the value of one cryptocurrency was saturated, but still people believed in this magic value which was gained by hoarding cryptocurrencies. But isn't a cryptocurrency's value gained by the amount it is used, by the amount of people that use it. Bitcoin's value was not created by people hoarding but by its originality.
STOP HOARDING AND START TRADING SO I CAN MAKE SOME MONEY!!!! (or lose it)
Hoarding BTS is way better right now for its value than anything else.
BTS will rise based on the dividends it pays in the form of BTS being burned from transaction fees.
The way to use BTS is not to spend BTS to buy a product, but rather to use BTS in the Bitshares DEX to create bitAssets, and then spend THEM on things.