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RE: Why You Should Not Trade on Exchanges - Buy/Sell Tips by Charlie Shrem

in #steem8 years ago (edited)

It is really naive to think that OTC market is something different than exchange. It is exactly same thing. Only one different is that you do not see participants.

I will tell you one ugly truth. There are not traders on the steem market. No speculators. All people who trade steem are pure amateurs. Why? because every single professional trader already know that steem valuation is unrealistic. There is no way how to make money on the falling market when you have nothing to sell.

Do you really think that traders will invest their time to trade small and corrupted market like steem. Not at all. Traders are not the problem because they are not even involved. Only problem is that people want to cash out. You guys killing your market by your own. You can try to convince people to not sell for a while but not forever. Steemit has no value.

Do you want proof of this hypothesis ? Look at your post. Do you think that you are right on this about OTC. The fact is that you are not. Look at your reward for this post. Almost 800$. Do you think that your post is 800$ worth.

I can show you another example. Look at the guy who made almost 60k $ by posting nonsense "steem trading" spam. He produce same type of spam every day. Where is the authority to stop this guy? Nowhere.
How do I know that guy is spammer. I know because trading is my day job for more than 8 years, and his posts are about "trading" :) :) :) . Almost every single steemian knows that guy is a spammer. People are re-steeming and up-voting his posts every day. Even whales are involved :). Very nice example that steemit has no chance.

Simple question at the and. Are you willing to pay real money for same content as you see on the steemit every day?

If No , then steemit has real problem. It is better to power down or force people to think about their behavior. Not forcing them to use different cash out method. This doesn't make any sense.