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What's the incentive to not dump? Holding STEEM seems risky (even riskier than holding bitcoin).

its risky if you don't know what you are holding

Boom! Shots fired. :P

It is risky, but he might have the beginner's luck :))

I accept the"risky" proposition, considering this is likely to go up for a while. Let's see bitcoin 50x anytime soon...

Why, if you earned it from posting, all it cost you was time that you would have wasted on another social site that gave you nothing.

Not sure why people are comparing STEEM to BITCOIN. Bitcoin is great for moving money around the world with very little cost to do so. Steem does that as well + it gains value from its community adoption, which has the potential to be huge since everyone who joins has stake. This fact should make you think twice about dumping because steem just added a whole new value chain to the mix.

What's the point of this platform if people don't cash out their rewards? The whole point to this thing was so that content creators can get paid for their contributions, thus I don't see any need to vilify people wanting to cash out, otherwise these numbers next to our post are no different than Reddit karma.