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900% inflation in just 6 months has left their marketcap at $42 million where I am now buying . The trick to dumbcoins like STEEM is that you gotta know when to buy and when to sell.
yeah, dude, you're like 6 months late
More likely 6 months to early. Everyone saw that STEEM price will drastically reduce. But at soem point it will get so cheap that will stop and then STEEM might become quite stable coin.
Big question is when will this happen.
900% inflation in just 6 months has left their marketcap at $42 million where I am now buying . The trick to dumbcoins like STEEM is that you gotta know when to buy and when to sell.
yeah, dude, you're like 6 months late
Despite the high fall so far they're still making good money because they mined 80% of the initial STEEM to themselves, giving them over 14 million STEEM which is still worth over $8 million at current rates.
So while I consider it a poorly structured DAC and non-viable for multiple reasons, it's certainly lucrative for the people who started it for the time being.
So while I consider it a poorly structured DAC and non-viable for multiple reasons, it's certainly lucrative for the people who started it for the time being.
for those who think I'm a STEEM shill, I've decided to back off buying, because check out this inflation. See the 2 curves diverge. Remember that this is only over the course of a few days. Miners are rapping this coin, as they say.
UP TO 20-60 STEEM PER BLOCK REWARDS RIGHT NOW !
wow
not to jack this post, but I locked my other steem post because it angered some people who were helping me choose the best of breed in different sectors. Please return the favor and vote for this sector's first mover advantage potential winner:
https://bitcointalksearch.org/topic/m.14595504
UP TO 20-60 STEEM PER BLOCK REWARDS RIGHT NOW !
wow
not to jack this post, but I locked my other steem post because it angered some people who were helping me choose the best of breed in different sectors. Please return the favor and vote for this sector's first mover advantage potential winner:
https://bitcointalksearch.org/topic/m.14595504
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