Got Bitcoin? Why aren't you holding it in Steem-Engine?
Got Bitcoin? Why aren't you holding it in Steem-Engine?
Stay diversified - makes sense. We all have a little Bitcoin, I'm sure. But if you want to help your STEEM holdings as well as line your own pocket, why aren't you holding at least some of that BTC in the form of Bitcoin Pegged (BTCP) on steem-engine.com??
There's a whopping total of 1.307 BTCP in supply which has cause some illiquidity of the market. That has made it pretty easy for sellers of BTCP to actually make a handsome profit provided they are willing to sell slowly at the ask price.
Additionally, given the lack of fees inside the market, one can actually day trade BTCP with much lower denominations and with much less friction than one would have to on other exchanges.
Last of all, the more BTC there is inside of S-E itself, the more validated and more idealistic our greatest STEEM-based exchange becomes which can only uplift your STEEM holdings in due time.
This isn't to suggest holding all of your BTC into S-E, but at least allocating a portion that you would be using for STEEM purchases anyways.... why not?
Go deposit some BTC into S-E today.
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Interesting idea and informative post. Thank you.
@videosteemit, For sure Diversification is vital and in my opinion your idea is effective too and Steemians give a thought to this idea.
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