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RE: What to do with your crypto

in #steem7 years ago

I think for right now the best thing to do is just build up your Steem Power and keep everything in there. Steem is only going to rise, so I think it's the safest thing to do for now.

Also, I think a lot more exchanges will start converting Steem direct to Fiat money in the near future, just like they do for Bitcoin now.

This will make it much easier for people to use and understand.

I talk to a lot of people about Steem and how now is the time to get involved, but most of them look at me like I'm crazy because they don't think it's possible to turn to Steem into Fiat, or what they call "real," money.

Most people just don't get that cryptocurrency IS real money . They will, though.

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Early days. Crypto is also maturing. Right now it is hard to make crypto directly affect your life. At very least you need o understand a bit about tech. If that changes then more mainstream will follow

I agree. I think the learning curve is what is scaring a lot of people away.

I have been consuming just about everything I can get my hands on regarding crypto, and I'm still confused.

However, yesterday I hit a significant milestone. I did my first SBD transfer to Bittrex and exchanged it for Bitcoin. Then I transferred my Bitcoin from Bittrex into my Bitcoin wallet. Now I'm just trying to decide whether or not I want to turn it into Fiat money or re-invest it in some other types of crypto.

My next goal is to learn how to the exchanges work and try to "play" the market a bit. That's going to be a difficult task, but I think I can master it.

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