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RE: How Should You View Crypto-Currency? As If They Are Stock In a Company, The Steemit VS. Bitcoin Edition! (A Beginners Guide)
Really great post. I find merits with both Steem and Bitcoin's method as I believe Steem requires time from the 'investor'. Currencies like Bitcoin, when mined, is a somewhat passive income.
Personally, as someone who does currency trading on occasion, prefer to see each form of currency as just plain cash. Even though I will never touch it..
They all have their uses, there are more advanced block chain technologies to invest in over Bitcoin. Such as Ethereum, and when I do the Ethereum vs Steem edition I hope it becomes even more clear how these block chains are closer to companies rather than currencies. However the brilliant part of this technology is your "stock" can be traded as if it was cash.
Yes, merit to the tech used but from a purely trade point of view, For me, the benefit lies in the currency exchange for now. I believe that at this moment the market is too saturated with cryptocurrencies and alt-coins that are doomed to fail...
That's for sure! But that happens in every new market. There were many internet companies at the very start worth milions that are worth nothing today! That's what helps an average person understand crypto-currency as a company. Investing in the right one is comparable to investing in Amazon or Facebook, Both found stakes in the Trillion dollar market that is the internet! Steem Bitcoin, Ethereum could all stake out there own share of a different trillion dollar market! The trick is to make sure your betting on a winner and limit the losers.
It is a very good comparison and I see your point. That makes trading even more viable as volatility in any market, including crypto, is inevitable and is an opportunity.
I think I am starting to understand what you mean. Think Day trading, not currency trading!
EXACTLY!