RE: Steem - Good things are coming, even if the price hasn't realized it yet
Hi. I'm not an expert on crypto nor the recent developments in the Steem blockchain so half of what's being said here sounds French to me. However, I am familiar with stocks and the stock market (at least here in my country) and I have been tracking the price of Steem for quite some time. I have noticed that if I traded Steem as I would stocks, I can earn anywhere from 5 to 10% every week depending on my entry point. Steem price usually drops down to $0.11 but sure as hell it gets back up again within the week to the $0.13 to $0.14 range. If I buy at $0.12 and sell at $0.132 that's a cool 10% return less whatever the charges are for buying and selling, which again I am not familiar with. The point of all this is I suspect Steem is popular because people who trade Steem (buy and sell only) can earn a hefty return on their investment just following the age old strategy buying low and selling high. Plus the fact that it's cheap anyone trading does need a big amount of capital. This is just my observation and I just want to share it with you for whatever it's worth. Thanks for your post and the opportunity to share my opinion.
That is an astute observation. The volumes are pretty low in general on a daily basis, so anyone doing this is likely using small amounts of money, like you alluded to. Are you doing any trading yourself?
Hi again. No I am not into trading but I am very much tempted to. I just simulate trading and so far in the last 2 months I'm up :)