As long as you remain factual and don't repeat the nonsense about the forward stock splits being a loss of value, then I will support your factual posts such as this one.
The concept of stock splits make sense for a real share in a company but for a currency it's nonsense.
Incorrect.
Everyone who owns a unit of STEEM or SP, gets x times more units. If the price drops by x, then everyone has the same value they had before the forward split.
Come on man, this is elementary school math.
Give me one example of a currency that gets reverse splitted? This shit doesn't work in real life
Currencies do get revalued, and I think Zimbabwe did this not too long ago after their bout of hyperinflation. Can someone elucidate that? But yeah, splitting a currency sounds fucking retarded.
I am repeating this definition for the retards who failed elementary school math:
What is a 'Stock Split'
A corporate action in which a company divides its existing shares into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total dollar value of the shares remains the same compared to pre-split amounts, because the split did not add any real value. The most common split ratios are 2-for-1 or 3-for-1, which means that the stockholder will have two or three shares for every share held earlier.
Also known as a "forward stock split."
Do you all realize how frustrating it is correct your lazy mistakes over and over and over and over and over again. Come on guys, how about at least thinking and researching a bit before you repeat the same misinformation over and over and over again. Parroting it between each other, like dumb ass ducks.
How about you guys show your appreciation by being the ones to correct the others that will make the same mistake. That responsibility shouldn't always rest on my (or smooth's) shoulders. He even tried to explain this to magicalacademy last week, but magicalacademy continues to not comprehend a stock split.
How can investors make good decisions here if they are always fed misinformation. Please try to be factual.
I agree with some of magicalacademy's stance about Steem being a dubious investment. But he is being lazy with his analysis. He is using his predisposed opinion to distort statements. If he wants to be taken seriously, he should make only factual statements and at least admit and correct his errors in fact.
I understand the dislike of Steem and the wish to see it fail. But for that to happen, requires not lying to ourselves, so that we know the true weaknesses and not deluding ourselves with imagined weaknesses that don't exist.
