Vlog #3 Investing and Earning Crypto - Why you should Start with Steemit
Having not understood the 'product' behind bitcoin and having missed the boat on XRP as an investment, is there is still a chance to make it good on Crypto?
Want to know what I think STEEM be worth at the end of 2018 - Watch till the end to see my prediction.
In this vlog I talk about the price hike on XRP ripple and the 'Product' behind the coin. I also talk about bitcoin and the lack of a product. This all brings me on to Steemit, where there is an opportunity to both earn and invest in blockchain with a viable product behind it
Don't forget, Follow, Upvote and Resteem
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You tell em Paula!
The excitement at Steemfest around SMTs amongst the developers, Ned, and the Steemians who know their stuff was pretty easy to notice.
Just wait til the first mainstream adopter arrives! :D
SMTs are product ahead of the competition, it's been tested (by us) for 20 months now, lets go go go!
I would say that excitement was awesome
So it's the "product" that one should be looking at behind STEEMIT. Thanks for the information.
My opinion, stay away from ripple. Its centralized and bank own. Prone to pump and dump.
Correct.
Ripple, or XRP on the ticker is 66% owned by the company that issues it. They have centralized servers s1,s2,s3 - that go down and delay transactions. It is digital fiat in every bad sense of the word.
No upper issuance cap, hundreds of millions issued at a whim.
If you want to scalp it for short-term trades, sure, but be aware that its merely the same inflationary con-game as fiat currencies are, wrapped up in crypto-esque clothing.
This will be my only warning, after that everyone is on their own.
Yes the company that owns XRP also profits from it's success. They also kinda invented it so its not a bad gig. Don't bother looking up whats in escrow, it will just complicate things.
Why make a coin deflationary by design when you would just "make" more down the road. It is capped and its widely documented as to what that cap is. A question I have is whats Ether's coin supply cap?
You can also take profits by HODLing. Currencies aren't inflationary because they are fiat, it's because they are debt-based and in order to create them for economic exchange they are borrowed into existence. Supply of a currency goes up, it's purchasing power is driven lower. With borrowing comes paying interest and the interest to pay back the loan can only come from more loans. Combine this with fractional reserve lending and banks not failing after taking a bad bet.....You get the USD.
My warning is beware of all debt-based currencies. When they fail, that will make all past crypto MOONs appear like a blip on their USD pair volume charts.
Good Videos, hopefully 2018 is better than 2017,
Bitcoin aplikasi yang sangat menambah perekonomian rakyak,,
Saya sangat menyukai posting anda,, # @paulag
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Watched your video while drinking my morning coffee :) I totally agree with your assessment of Steem. This is a great platform with a lot of potential in 2018.
Amazing post
https://steemit.com/stories/@cutminajn/first-childbirth-childbirth-experience-a043973b0b6b9
nice post you