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RE: Steemit for Dummies (like me) - Everything you need to know in simple terms

in #steemit • 8 years ago

He adviced to not hold them for too long.
Being a tradable currency, there is volatility, so of course it can go up and down.
Steem units keep being created, the chance is at a moment there could be more offer than demand and the price will go down. The point is when.
But if you are there to invest and make money, feel free to define your own strategy.

8 years ago in #steemit by
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     8 years ago  

    Or as written by @steemrollin in his great post Steem: Where DOES the money come from?
    "Steem
    Steem is similar to publicly traded company shares. The amount of Steem doubles each year so there is signficant dilution for those that hold Steem, however like many fast growing startups a rapid increase in value may outpace the dilution. Just like company shares (ie. stocks) these digital assets have value as more people use and contribute to the ecosystem. The estimated value of the total outstanding Steem assets is currently about $20 million on Coinmarketcap.com."

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     8 years ago  

    Does bitcoin work the same as steem ? are new bitcoins continually created?

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       8 years ago  

      New Bitcoin are being created, but the Bitcoin supply will be capped at 21 Million, as of now there are 16,397,150 Bitcoin that have been mined.