RE: BitShares (BTS) Short Term Target $0.52

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BitShares (BTS) Short Term Target $0.52

in bitcoin •  7 years ago 

Could You elaborate on interest free loans flo? I was reading about it, but it short circuited my brain. Could You try to explain it?

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7 years ago by

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      ·  7 years ago 

    If would be great if someone could write a blog post on how bitshares work in laymen terms

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        ·  7 years ago 

      This is one of the best things about Bitshares DEX. You can make your own interest free credit in USD by putting BTS in collateral. Then, with your USD, you can buy more bitshares (or another crypto) at current price. If price of bitshares (or the crypto of your choice) goes up, sell it for covering your credit and keep profit for whatever you want (buying more BTS for example).

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          ·  7 years ago 

        Is there a predetermined time of this kind of loan? I mean I'm quite sure BTS will go up, but in short term (1-2 months) it may go down. If I get called to repay loan during this period I would lose. If I understand it correctly.

        Are You doing it flo?

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            ·  7 years ago 

          https://steemit.com/bitshares/@tonypeacock/margin-trading-interest-free-loans-on-the-bitshares-dex

          The more you have BTS, the more you will have freedom to loan BITusd in the future and invest in anothers projects, without touching your first investment of bitshares. My strategy is to accumulate BTS now until it's too late.

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