RE: Hi all, new to steemit but like what I see!

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Hi all, new to steemit but like what I see!

in new •  8 years ago 

Hi, welcome to SteemIt!

A word of warning, you should not hold Liquid Steem unless you're looking to be a market maker or a short term speculator. Withdraw it to your account (simply use your account name in all lower case as your address, ignore 'memo') and either trade it for Steem Dollars or Power Up. You should look into what both of those mean, there are many explanations available on the site.

new
8 years ago by

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      ·  8 years ago 

    Thanks and won't steem be a viable investment to hold on an exchange?

    peace,
    Rick

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        ·  8 years ago 

      No, absolutely not. Steem is structurally hostile to that kind of speculation. Steem is not deflationary like Bitcoin, it is highly inflationary by design. The white paper explains in detail.

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