BitShares Forum

Main => General Discussion => Topic started by: funex on August 21, 2014, 06:31:55 pm

Title: Explain like I was 5: What should I do with my 3K BTSX
Post by: funex on August 21, 2014, 06:31:55 pm: I have decided to start an adventure with bitshares and I'm still having difficulties to grasp the whole concept.

Can someone explain how and where can I invest my BTSX ?

Also, if I would come up with a personal project within the boundaries of bitshares, how should I plan it?
Title: Re: Explain like I was 5: What should I do with my 3K BTSX
Post by: xeroc on August 21, 2014, 07:20:41 pm: check this out:
http://wiki.bitshares.org/index.php/Bitshares_X
Title: Re: Explain like I was 5: What should I do with my 3K BTSX
Post by: funex on August 21, 2014, 07:43:43 pm: Quote from: xeroc on August 21, 2014, 07:20:41 pm
check this out:
http://wiki.bitshares.org/index.php/Bitshares_X

Thx.
The information about bitshares is a bit disperse and some of it is outdated.
I'll stick with the wiki.
Cheers.
Title: Re: Explain like I was 5: What should I do with my 3K BTSX
Post by: merockstar on August 22, 2014, 01:18:19 am: BTSX is money.

Just riskier money (a la early stage bitcoin)

The answer to your question depends on how much risk do you wanna take?

You could just hold, and watch the value (hopefully) continue to rise.

You could trade it for bitcoin or something.

When bitAssets come out (soon) you could buy bitUSD. A risk at first because it might or might not work. But if it works having a bitUSD is like having a crypto equivalent to a dollar.

There's somebody here willing to sell you tampons, if you want.

You could send it to me. I like money.

What your asking us is basically "What should I do with my money?"

BTSX is basically an investment in and of itself. The currency is so young that theres not much else to further invest it in due to a still blooming infrastructure. I'm not sure why you'd want to further invest anyway, it would just increase your risk even more.

Don't like risk? Your best bet is to probably cash it out into fiat currency.
Title: Re: Explain like I was 5: What should I do with my 3K BTSX
Post by: funex on August 22, 2014, 07:40:14 am: I'll just hold them, I'm not so greedy.
I'm getting more interested on the innovations that this whole concept is introducing and hopefully be part of it.
Thx.
Title: Re: Explain like I was 5: What should I do with my 3K BTSX
Post by: 38PTSWarrior on August 24, 2014, 11:47:43 am: BTSX are like diamonds thrown on earth by the spirits of freedom and happiness. They are there for everyone because who owns some will be economically free.