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RE: Steem dollars is designed to be a comfort zone for those who need USD. 10% annual interest is toilet paper money
You really can't say Bitcoin currently rises 10% per month. It has gone up ON AVERAGE over the past few years, but i don't know about 10% per month.
EDIT: i did the calculation: over the past 9 months it's about 10.4% on average growth per month. Over the past 7 years it's somewhere between 10 and 15% growth each month (ON AVERAGE) assuming 7 years ago the prize was $0.01, so you were actually kinda close with your estimate :)
And that is my reasoning for saying maybe it's a good idea to hold Steem Dollars because you have a lower risk with the 10%. Bitcoin on the other hand might as well go up a lot because of the block reward halving but I don't actually know. I just think it's easier to explain Steem Dollars with 10% interest than Steem Power which no one has anything to compare it to.
Steem Power is almost like equity but not. It pays something similar to a dividend but it's not liquid. It can be powered down so you can pay yourself a salary over time. But when people want to shop they'll choose Steem Dollars right? So most people will be trading Steem Dollars.
the video you requested
You made mistake its not 10% daily it more like 1% daily if u take inflation in consideration. By your words 150 a day divided by 15000 is 0,01 multiplied by 100 its 1%. Steem power has 90% interset rate yearly and steem has 100% inflation so in return you should get something like 1% daily (not sure about math here).
1% daily is still not that bad.
1% daily is a hell of a lot better than 10% per year :)
And calling it "not bad" is an understatement. 1% per day is ABSOLUTELY INSANE! That's 3777.34% interest per year. You only need to have $20 to be a millionaire in 3 years man. Sounds way too good to be true and are absolutely Ponzi statistics that aren't sustainable. I've had suspicions that SteemIt is just a Ponzi scheme, but until i read the Whitepaper i'm not entirely certain.
I really liked the video dude.
That is a great video. Thanks for taking the time to discuss it.
yes, for using and spending, steem dollars is the way to go, but for earning profit, it's not
On the short term there's a chance Steem is going up much, much more. Steem is higher risk-reward than Bitcoin (which is already a high risk investment). Just invest an appropriate portion of your portfolio in both based on the investment risk for each.
I think Steem is actually lower risk higher reward than Bitcoin. As long as Steem growth rate looks as good as it does then I would think it's highly likely to keep going up. The risk for Steem is what if no one uses Steemit? But so far not only are people using Steemit but I'm seeing side apps like Steemchat being developed.
Steem looks as good as Ethereum right now, and at the current price it's only $4? Ethereum is $10? It's still early.
Bitcoin is 7 year old and Steem less than 1, Bitcoin has $11 billion in it and Steem less than $400 million, so it's IMPOSSIBLE for Steem to be less risky than Bitcoin (because of things like volatility, security and adoption).
Steem and Ethereum have a difference in supply so you can't compare the prizes.
I can say it because that's my experience right now, not over the years, and as time goes on, 10% per month is very conservative
You can calculate it by comparing the last 12 monthly closes. I'm actually getting curious, i'm gonna do it :)
EDIT: the results are in my top comment.
Right but you can also calculate the compound interest that you can get from Steem Dollars using this calculator. So compare the numbers and get back to us.
https://jscalc.io/calc/mKEqkCwkOOe4IzwV
Right, but Steem isn't 7 years old. First let's see if it survives for a year. The system has many, many flaws that need to be solved.