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RE: The good news for BTS

in #bitshares7 years ago

Excellent point from ravid here. Combining all BTS exchanges on Bittrex gives a 24hr volume of $2,073,746. Doing the same for BitShares Asset Exchange gives $2,013,573. This is at 2017oct05 0509EST. That is, BitShares DEX 24hr volume is 97% of Bittrex BTS volume. Bittrex might as well hang a welcome sign on the BitShares distributed exchanges.

I am new to BitShares, so please forgive me if I am making some simple mistake here.

BTW, I just became a BitShares lifetime member and converted all of my (modest) BTC and ETH holdings into BTS during this Bittrex-sponsored WarrenBuffet sale of BTS. Planning to hold until this time next year. I suspect it might be up a bit from where it is now...:-)
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A quick update to my earlier post, a comment on ravid's post about the volume on the BTS part of Bittrex and the Bitshares DEX. It looks like volume on the Bitshares DEX has fallen off compared to Bittrex. Could that be a where-is-it noon on the globe issue -- anyone know of a site which will plot a running average of 24hr volume percentage between exchanges, say in moving 5-min steps? Just curious about where Bittrex and DEX users are on Earth!

I am loving learning how to use the BitShares DEX, spent all day messing about on it rather than doing my real work and to-dos. Luck was with me and I managed to buy on the dip with my all-in move and saw a 16% increase over 8 hours. Started worrying about losing my gains as part of my (fun) trial-and-error learning on how to trade smartcoins. Bought many bitXYZ and OPEN.ABC, tried to swap some about, confused myself about red-green up-down "wait...if that has increased...I want to sell...no, wait..." etc. Good times! After I have my fun and pay my dues I will need to finds some "this is how an exchange works" articles here.

One of the smart tokens I bought was OPEN.STEEM which I understand is exchangable 1-to-1 with STEEM. Next objective is to send steem to myself through steemit and openledger and see how that works. And wow! looks like I have $1.73 from my first comment! I think you steempunks might be on to something here...