Gamechanger: Steemit/Steem Needs A Direct Exchange. By Gregory Mannarino

in steemit •  7 years ago  (edited)

Me.png

If Steemit would simply create an exchange where Steem could be directly traded for Bitcoin, and subsequently into US Dollars or other major currency, the Steemit social network and Steem itself would skyrocket overnight.
I honestly wonder why, unless a system like this is already in the works, Steemit has not already done this?
Do any of you who may be reading this have any information on a possible direct, Steemit backed exchange?

In my opinion a direct Steemit backed exchange like the one I describe above would be a real gamechanger for Steemit.

Gregory Mannarino, "The Robin Hood Of Wall Street."

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The Blocktrades.us Exchange BitUSD does everything your are wanting.

Greg -- take a look at @jerrybanfield and the p2p exchange project hes funding alongside @jo3potato.

This definitely needs to happen on a larger scale, and as we can see from the hack rumors of Binance today, in addition to the SEC regulation nonsense, a p2p exchange is the inevitable trajectory.

Bitshares is good, but it simply doesn't have enough liquidity. Plus, its still not possible to convert to/from fiat in that system. Thats the key weakness in crypto right now. There's only a few (not an accident) entrances and exits for fiat.

Another issue is actually how a lot of whales are voting their own circles. There is not way for newbies like us to get anything by posting or curating. It has turned into buying votes from bots in order to survive.

Competition from FB also coming and the whales here don't understand how it's up to them to stop abusing the system in order for the whole platform to survive.

you're not going to be able to control what other people do with their vested voting power.

all you can do is keep grinding and look for opportunities. just like normal life.

That would be great. You could change this. We here at the bottom have a rough time just hanging around. Would have like to buy some today for sure.

Hmmm..........interesting idea...

Resteemed!
You can easly exchange your Steem dollars or Steem on blocktrades. There are multiple blogs regarding how to do that. It’s very simple. You can easly make a transfer from steemit through blocktrades to coinbase and then to fiat.

resteem and upvote

Thanks Robin Hood !!

yes Mr. Robin Hood

Thanks robin hood.

Thanks Roobin

Yes Robin you are absolutely right
There must be in exchange

Steemit is the best platform..Glad to be part.

I think it needs an exchange with which i can buy directly through my fiat currency.

Amen to that.

upvote and resteemd

Useful information robin hood of wallstreet

upvote and resteem

Yess , he is Robin Hood !

upvote and resteem sir @marketreport

Thank you sir!

He is Robin Hood

  ·  7 years ago (edited)

upvote and resteemd

  ·  7 years ago (edited)

upvote and resteemd

upvote and resteemd

  ·  7 years ago (edited)

yes i agree with you and really a great idea about a steemit excahnge and sure steemit need a direct exchange and i hope the steemit growth will be more exllent with this exchange but how this will be work is it pure steemit platfarm or from any third party greg?

  ·  7 years ago (edited)

upvote and resteem

  ·  7 years ago (edited)

upvote and resteem

upvote and resteem

thank you for the information

He is Robin Hood

Nice post @marketreport

  ·  7 years ago (edited)

upvote and resteemd

  ·  7 years ago (edited)

upvote and resteemd

Wow very nice information..Glad to see it..

Great post..Really loved information..

Resteemed!

Usefull information @marketreport

Great information sir thanks for sharing

THanks for sharing robin hood.

Thanks for updat Is robin hood of crypto world.

Very nice information...love steemit.

Upvote and resteem robinhood

Makes tremendous sense. Resteem everyone

Resteemed and upvote sir !!!

I don't see where you actually upvoted except for yourself

Thanks for information Mr Robin Hood !!!

Thanks for sharing sir !!

thank you for the info keep it up @marketreport

This is a great idea and a great use case which can be implemented and it can be added like D-tube steembottracker and many other projects !

upvote resteemit done

upvote restemit done

I don't see where you actually upvoted except for your own post

R U so funny...

Useful information thank you for sharing @marketreport

That's great! @ma

Greg: This news may negatively affect steem. "Bitcoin Dives After SEC Says Crypto Platforms Must Be Registered"

YES I 100% agree

upvoted resteemed commented

Thank you robin hood

I like all your posts robin hood.keep it up

Well - you have bittrex - where you can trade STEEM into btc and btc into USDT, that's as close as we have right now, but there isn't a STEEM-USD option as to date, I guess it's just not so simple to create and operate an exchange, especially when you plan USD to be a legit currency in this exchange.

Steemit is the best platform..Glad to be part.

Very elegant way to present you, The truth is in all your words.
It is possible to get many useful examples from your writing. well done and keep it up.

You are the best Mr. Gregory

upvoted and resteemed

That's a superb post.@Upvoted and @resteemed.

Right now you can trade it on Binance and Bittrex with have options with BTC and ETH. Although there are others these have the largest volumes. There is also an expectation that Bittrex will enable exchanges in fiat. Lastly, Poloniex is currently offline but was just acquired by Goldman-backed Circle. There is rumors that this will lead to an expanded offering including exchanging fiat.

thanks for the post Mr. Robin Hood!

resteemed and upvoted

Thank you sir

Upvoted and resteemed

thank you Mr.Hood

  ·  7 years ago (edited)

resteemed

Thanks Sharing and information sir

Thanks Robin Hood ...keep it up

  ·  7 years ago (edited)

Thank you very much
I am glad I found your video
@resteemed and upvoted done

Or even more direct: Exchange USD / Steem, both ways.

Thanks for information Mr Robin Hood !!!

  ·  7 years ago (edited)

It is about making you think from a different perspective.
Excellent post good analyses thanks for sharing.
@resteemed and upvoted

Thanks for sharing Mr Robin hood. I like your post

i think you are right sir
thanks for give information
upvote & resteem me plzzz

  ·  7 years ago (edited)

i like to read..always..i learn many thing from your post ...
it gives me so much plesant so easily...
just love to read your post...
i have nothing to explain..
such a great post...you shared.

upvote and resteemd

Great information sir thanks for sharing

Sounds like a logical upgrade to improve it's marketability, opening up to untapped users.
Upvoted and resteemed.

  ·  7 years ago (edited)

Hi my friend @marketreport , i'm glad to see your post, a very beautiful post as always :)
resteemed and upvoted

Resteemed!

upvote and resteem

You always upload nice and helpful post. and your website also so much helpful sir....
Resteem done....

Great post

Resteemed and upvoted before comment added.
Early adopters look to be getting this done.

thanks for your valuable and informative post.
We can take out a lot of information by your post.
@resteemed and upvoted

It would be great if Steemit could do it. It could require regulatory implications as Steemit would be operating as an exchange in US territory.

  ·  7 years ago (edited)

Thank You, Gregory, Upvoted, and Resteemed. Doesn't BlockTrade do this?

I would say the myriad of regulations involved with crypto to fiat conversion is slowing them down.

Sure will be great

This is the core of what Ethos is planning to achieve. Their wallet is due for release soon.

The comments here are funny to read, as 99% of them have nothing to do with what you wrote about !! LOL......Koala.jpgmust be some sort of bot thing ?

It is always like this only on his posts. Not just that there is always ocean of comments whenever he posts with few minutes only.

Thank you sir
resteem and upvote