In an era which holding Crypto is not that fun and juicy, it will be more important to select carefully and wisely, what to hold and how to keep your asset value up to date, if not increasing.
This post is about comparing 3 cryptos which I normally hold, during last 6 months: STEEM, Bitcoin and Ethereum
STEEM vs ETHEREUM
I have used STEEM more than any other crypto in the last year, since I love blogging, have blogged since 2004 continuously and can't stop ever!
Ethereum sounds to me the most important crypto in the term of fundamental and philosophy. I have hold ethereum as an option to my STEEM holdings (swap tradings) and even as a money transfer instrument with my friends and even clients.
But let's get to the numbers and charts instead of sentiments! here is STEEMETH chart in last 6 months:
So it seems STEEM is doing better than ETH in the last 3 months, though the 6 month performance is minus 22%
You can easily monetize your holdings in STEEM blockchain at rates like 18% annually with delegating your SP to others or even more if you use your SP wisely, so we can say the 6 month performance can be optimized to -12%
STEEM vs BITCOIN
Bitcoin remains the crown holder of Crypto market cap. I see Bitcoin as a commodity more than its money usability. It's like holding GOLD bars or GOLD stocks to manage your assets and keep them from fluctuation risks of other assets you have.
here is STEEMBTC 6 month chart:
With a loss of 65% of STEEM value against Bitcoin, it seems it hasn't been a good option at all, holding STEEM instead of BTC. but again like the previous chart, last month shows steady sideway price changes with smooth growth.
The point is the HF20 has affected the STEEM sphere a bit and also technically STEEM is hitting the floor waiting for a proper timing to rise, I believe.
ETHEREUM vs BITCOIN
the first and the second seed holders of the market cap. though the first seems to stably hold its position, ETH shows weak signs of even losing its seed to Ripple (XRP I mean, which badly differs from Ripple! and exactly for this reason, I don't like XRP)
here is 6 month chart for these two pairs:
ETH has lost one-third of its value against BTC in last 6 months, but more significantly, during MAY-SEP period which it lost 65%
CONCLUSION
Holding BTC in the last 6 months, was definitely the best choice, however I also still stay with STEEM because of:
- its ability to be monetized while holding
- its possible rise from now on
Obviously this is not a financial advice. I just express my own analysis and thoughts, to share and learn more.
I agree with you - Bitcoin will be the new gold, and transferable to another Crypto for day to day transactions. What that is yet and how that looks i'm not quite sure....I will just Hodl Bitcoin and see what unfolds. Adding weekly to by hodlings.
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honestly i prefer steem, which means something more than a holding asset... but btc still wears the crown 😉
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Excellent post I also stay with steem that when it rises makes it impressive, at some point I will use bitcoin.
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thanks Isabella, I do agree with your strategy 😉
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thank you for this post it helps
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thanks Jacob for stopping by and comment 👍
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Hello @honarparvar sir , you are really providing us very informative content from which we learn a lot. I appreciate your work, i expect more and more content like this in future as well.
Best of luck.
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Thank you my friend. your kind comment means a lot to me
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I've seen BTC grow from the $100 mark to $19k USD. I would say next month to two months is a good time to get in it looks like the market reset to me.
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even in the last hours from your comment to my reply it grew 5% 😉
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This post has received a 14.33 % upvote from @boomerang.
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This is very cool post but listen you need to be healthy so why not following me 😉😊 to stay healthy my steemit friends
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poco a poco cubriremos mercados
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great post!! at least now the market is stabilize, though its not bull run yet.
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it can be beginning of a run... hopefully bullish, but a fall is not also impossible
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Great post. Thank you! What is your opinion on the SMT? and what do you think could be the impact on STEEM?
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thanks for your comment Gustavo
i see you are running a dapp on SMT?
then you should tell us about it 😉 i can't wait to see many dapps on smt, making STEEM more adopted by ppl.
there's a huge potential, but it will need cautious and wise steps by steem management.
what do you think?
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Thanks :) I also see huge potential. We are working on an idea, and we intend to have a first version running q1 2019. Hopefully with the SMT release. What i can imagine is that dapps will create lots of content on the steem blockchain and steemit will be a container where everything is published. This could lead to users moving to dapps for vertical interests and using steemit less. For the value of STEEM i think it could be great.
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that's great. I can't wait to try it.
have you tried peepeth? I'd like to write a post about it
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