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RE: Where to keep your STEEM

in #steemit8 years ago (edited)

Thank you.
I am not a trader but I imagine there are many ways to make margins on this Asset and we will see Options Future and Other Derivatives take shape as they pile on the bandwagon. Have you been following what is going on with the MtGox Bitcoins? Some were recovered and Hedge funds are now speculating on them, paying off people to get the value of their claim from MtGox when the court case finally settles.

For the everyday user/writer/blogger the Steem Dollar provides a currency peg that has low volatility compared to STEEM. The golden rule of investing (for stability) is to match your assets and liabilities in currency. If all your liabilities are in Dollars then its very useful to have a crypto currency that is pegged to the dollar. If your investing for high risk/returns this doesn't apply.

It not inconceivable that in a few years when STEEM is more widely used though that its less volatile than the Bitcoin or even the Dollar :)

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Good points.
Not heard about the MtGox Bitcoins. The name scares me to death lol!
Thanks

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