You are viewing a single comment's thread from:
RE: Blockchain bible and crypto church | A compendium for the friendly crypto investor from next door
Or maybe, it could turn out the be amazing :/... Btw, what do you think about investing in Steem? I am willing to risk and buy some more steem power, in your opinion is that a good idea?
Sure it could... (:
Well what do you want to achieve with this steem power? Do you want to be some kind of whale and attract readers etc. or do you just want to invest?
Since hardfork 19 steemit is pretty amazing and it will get you a 2% rate on your investment every 5 days... You just need to write a comment and upvote yourself ten times daily...
But I don't know if this will get changed and I have no control about this change either...
That's why I personally won't invest and see how this all develops. I like Lisk by the way. Really high returns, safe because of delegated proof of stake and there will be a rebranding in augst.
But if you just want to support steemit by buying more steem, then go4it (:
I mainly wanted to get it for investment purposes , i am not really relying on posting stuff. I don't really have a lot of money to play around with. My choices are bitcoin, ethereum, and steem and or what ever else is good (maybe Lisk like you said) :) ty for all the info though. % every 5 days is not bad. I am worried about the inflation on of steemit though. All this money that is given will back fire. I mean, I know they have a promote option where all the money gets sent to null and the money disappears which fights vs inflation but still worries me :/
I wouldn't be worried about the inflation here. It's way lower than it was before (:
Look up Metcalfe's law and you will understand why it's important to spread this amount of steem (:
There are a lot of good investment opportunities, but if you don't have the money for it then maybe you should safe the money first?
I also love Dash and there upcoming Evolution wallet. It's a 8,5% annual return and has a good chance of mass adoption (:
In your opinion Dash is better than bitcoin? What do you think about Litecoin? Is litecoin just a copy cat and is obsolete? I like Dash as well. They are proof of stake, correct?
Nothing is better than Bitcoin... Differenz coins have different strenghts and you can't compare it that simple... (:
I'm not a fan of Litecoin, but it has a reason to exist and I wish it good luck!
Dash is a mix of proof of work and proof of stake (: so you can also mine it.
What about steem power? Let say for example I am holding steem power in my account and the price of steem goes up, does that mean that my account value will increase ? In other words steem power is the same as the market value of steem? And let's say I have 1000 dollars of steem power and the price of steem goes up to 10 dollars, does that mean ill have 10,000 dollars in my account value? Oh and do you think Steem will be in blood bath in august along with the other coins? Sorry for all the questions and thank you for being so tolerant and helpful :)
Yes everything you say here is right, but remember that you need to wait 13 weeks to power down all of your steem power... and in this 13 weeks the price could drop significantly (:
Yea, 13 weeks is not little (: