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RE: Who To Trust In Crypto Right Now?

in #bitcoin7 years ago

Bitcoin, Litecoin, Ethereum, Monero ...... but then also EOS, Bitcoin Cash, Dash and a few other have likely secured their future as well.

I noticed you haven't listed Steem as secured. In addition to most of those above (except Monero and Dash), I have a little Bitshares too in case governments start shutting down exchanges out of panic.

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STEEM is likely safe for the long run and technology wise this really is a top 5 - 10 crypto but you have to have a wide and fair distribution for a crypto to succeed and STEEM didn't have that. It has weighed heavy on it and continues to be an ongoing issue.

EOS had a more fair distribution but there are still governance questions and how that will all work out in the end.

I have some BitShares as well but I worry that a decentralized exchange will be built on EOS very soon and will render BitShares "OLD"

We should be ok with STEEM as long as our timing is decent. Easier said than done but realize that the initial founders and early ninja miners got such an extreme amount of STEEM that they can always dump hard on us and also people start to depend on STEEM to earn so as payouts go down and they start depending on it then they can be forced to dump even more if they started to depend on it for bills. It can make the down periods that much more steep.