Not many other coins out there where you can make roughly 30% on your investment per year like you can with Steem Power... and that is without the price of steem going up at all. That is a nice bonus most coins don't have.
The concern is if STEEM is actually a safe place to invest vs others. 30% is a reality (very true), but if value gets damaged or if users go elsewhere, then that 30%, 50%, or even a 100% RIO in STEEM will mean nothing. If someone that wanted to spend an equivilant of a nice dinner out on STEEM investment, then I would for sure tell them that it is the right thing to do. My friend though would really be pissed if he lost a significant amount.
"A safe place to invest"?! Good one... Probably shouldn't be putting money into crypto at all if one is looking for a "safe place to invest." Bitcoin probably has the best chance of anything at being around a few years from now and it is still a lotto ticket. This is cryptocurrency, it is all a gamble.
That being said, I get what you are trying to say here. The relative 'riskiness' of steem may be elevated compared to some other coins, and I would agree with that.
Not many other coins out there where you can make roughly 30% on your investment per year like you can with Steem Power... and that is without the price of steem going up at all. That is a nice bonus most coins don't have.
The concern is if STEEM is actually a safe place to invest vs others. 30% is a reality (very true), but if value gets damaged or if users go elsewhere, then that 30%, 50%, or even a 100% RIO in STEEM will mean nothing. If someone that wanted to spend an equivilant of a nice dinner out on STEEM investment, then I would for sure tell them that it is the right thing to do. My friend though would really be pissed if he lost a significant amount.
"A safe place to invest"?! Good one... Probably shouldn't be putting money into crypto at all if one is looking for a "safe place to invest." Bitcoin probably has the best chance of anything at being around a few years from now and it is still a lotto ticket. This is cryptocurrency, it is all a gamble.
That being said, I get what you are trying to say here. The relative 'riskiness' of steem may be elevated compared to some other coins, and I would agree with that.