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RE: #SharkSchool Lesson #5: How To Cook A Rotten Fish
Well brother cheer up, STEEM DOLLARS just doubled in value over night, so things are looking a bit better now, also United Colors of Benetton started to accept STEEM as a payment, that is a very good sign! (bitcoin, ether, dash & STEEM)!
Sorry brother but I don't think STEEM is going to shoot up in value because some clothing company is accepting it in Lithuania. And that still doesn't change the fact that half of our rewards on here are locked up in SP for three months.
But thank you for the encouragement.
You crazy? Everyone I know buys their clothes from Lithuania. Everyone I know says everyone they know and all their friends and friends friends buy clothes in Lithuania!
Lithuania is a small country, but United Colors of Benetton still a multi-national company...
I see that as a very good sign that STEEM is an option (together with Bitcoin,Ether,Dash and also NEM apparently)... They are using "Coppay" it's a crypto payment gateway, no fees and the merchant receives fiat.
And they are also testing it out in Belarus and Chile, and if things work they are going to try and go global...
https://coppay.io
(They are here too (not very active though): https://steemit.com/@coppay )
The issue is that the price of crypto does not depend on adoption. Virtually no adoption last year and the price was through the roof. You can only make money if crypto goes up unlike stocks which you can shift. Yes there are futures but that’s only one method and it’s only for btc. That’s the issue with crypto as an investment.
It's my humble belief that the price was through the roof last year because of market manipulation, maybe as a part of a greater scheme to create a "bubble" so that people would loose their interest in crypto or something like this.
I still think there will be massive new amounts of fresh money coming into the crypto space from the people by mass-adoptation, and also from various financial institutions who want to "get with the times" so to speak...
But you are right there are other ways to make money...