Steem is so much riskier than btc... If they want exposure teach them how to flip icos into a relatively stable currency like btc.
Not steem, one of the most volatile crypto's the last year.
As for blogging for steem, sure. Buying it though...
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How can it be riskier if it doesn't cost anything to join and use, unlike BTC? That makes no sense. The whole point of my post was that I no longer want to recommend a crypto to anyone at these prices. It makes me uncomfortable.
I just steer them to Steemit now and they can take their crypto journey from there. I can even support them a bit with some Steem and teach them. I'm not asking them to invest anything. A lot of questions will follow through using the site. That is something I can work with.
In that case, yeah it seems all good. I initially thought you were talking about buying steem.
Otherwise invest for your family. :)
Cheers, man!
What I've been doing recently is advising people to get into crypto with small weekly amounts like a savings account. That way they can secure the average price over a year or so. With the option of putting in more during dips.
It's money they can afford to lose and the importance of timing is muted and averaged over a longer period. Something like coinbase, sure you take the 3% hit but you can throw as little as 10-20 dollars in a week without batting an eyelid.
Although for close family I just get them to give it to me upfront and I trade it for them.
in this case you need to say that you recommend "steemit" . Steem is much bigger and a coin, steemit is the platform!
You are right. Sorry for the confusion. I edited the post.
Wot is the riskiest cryptocurrency on the market?
I don't know, usually it's the one with the most volatility. Usually further down the list of the top 100. One of the shitcoins.