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RE: Where Does Steem Fit In With the Numerous Altcoin Scams?

in #steemit8 years ago (edited)

Constructive criticism is welcome on this site (I hope). The Steem euphoria has blinded some people to possible problems and many people here are living in a Steem bubble of sorts. Your advice to cash out (I assume you mean into Bitcoin) is very solid. Steem dollars are worth something NOW. That does not guarantee that in a week anyone will be willing to give you Bitcoin for your Steem dollars. Take advantage of the situation and don't end up wondering why you did not get Bitcoin for free when you could have. I am not saying to power down, just don't power up with your Steem dollars when they currently have value in the real Bitcoin world. With all that being said, the Steemit platform is a great way to get people into Bitcoin and cryptocurrency. I hope it succeeds and brings down Reddit and all the rest. I HOPE it is sustainable. Time will tell. My most recent post: https://steemit.com/bitcoin/@bitcoinmeister/why-you-don-t-hear-much-about-the-buy-and-hold-bitcoin-strategy-on-youtube

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