You missunderstood something. It is "only the SBD or Steem backed dollar that is supposed to be stable cryptocurrency pegged to the U.S. dollar." Not STEEM. Go read that article again if you don't believe me
STEEM is a free non pegged currency that could hit 10, 20, even 50$ in the future if STEEM becomes mainstream. More users on a lower amount of floating currency = higher price of STEEM. Right now the early adopters are selling faster than the new people buy the flaoting STEEM.
Caught in an interesting position at that point as STEEM is the actual liquid crypto, and SBD should always be around a dollar in price. What I see from your post is that NOW IS THE TIME to be buying STEEM, in the future it's worth will go up. That's not to say that everyone should be blowing all their SBD, because the in platform currency collects nice interest AND is needed to add weight to payouts from writing and curating.
Great post, upvoted, followed and resteemed
Thank you very much 🔥🔥🔥 I appreciate it ;-)
As far as I know you can only collect interest on SBD that you locked up in your savings.
I would wait a week or two with buying steem, I will make an update post when the correction is likely over.
Yeah I saw that too. Anyone who wants to invest in the long term (3-5 years) should be looking to drop some of their account worth into savings. Since Steemit is still beta, STEEM is gonna fluctuate, but imagine what's going to happen once mass adoption takes place.
Looking back at it now, the laptop I have was a gift from a friend that was using it to mine BTC back in 2013, he gave up. My plan is to definitely keep a good amount of my earnings in the platform one way or another, and then to use some to make small investments in other cryptos. BTC, LTC, and now maybe XRP as well.
Thank you. After reading and re-reading 44 pages I feel a bit dizzy, But I believe I finally figured it out. So I did get the two mixed up. Hopefully, this will help others also an not just me....lol
Sorry for speaking out of turn. :)
Well, now that you read it all and feel like you have it figured out let me ruin your day a bit. The white paper is hopelessly out of date. There is no interest being paid currently.
Holding SBD is fine if you want stability and steem power is good if you want it invested but DO NOT just hold liquid STEEM. It is devalued slightly every day by design. If you hold 1000 STEEM for one year and the price of STEEM does not change you would get less steem power for your STEEM a year from today than you would right now.
Thank you for the tip!
I was planning to throw all my steem into the savings section in my wallet. Do you think that is still ok or just power & SBD?
Not that I am a financial adviser but the only way holding steem in a savings account would be if you are convinced that the price of steem will outpace the reduction of its SP buying power. Really the only reason at all I can see to put anything in that savings is security as it protects your holdings if someone gets into your account.
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