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RE: Are you a Steem 1 percenter? Do you know who is?

in #steem7 years ago

Rome was not built in one day. From rational financial perspective, it behooves those with resources to power down, invest the proceeds in a speculative alt-coin, grow their portfolio, and then "invest" a small percentage into this platform. Steem has plateaued. It would be financially unsound to hold this coin, especially at a time when financial institutions are poised to enter the cryptosphere.

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Yeah, this is true but there is also a high chance that the institutions will back something with a product already too. Meh, maybe they will just pump and dump big...

You must consider that institutions, or rather the bureaucrats who run them, are "investing" other people's money. They have quarterly time horizon. The money pouring in will raise all coins, particularly the alt-coins, much like the "dotcome" bubble valuated the ludicrous pets.com at delusional levels. Just be prepared to exit out into another asset class when your hairdresser begin to give you crypto-investment advise.