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Old 07-19-2016, 09:41 PM   #18701
Alex Wice
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Re: Bitcoins - digital currency

Like usual when you look into the specifics you find it's premine, vesting rates, etc., basically all this garbage.

The gimmick is that the currency and product are separate but they are treated together so you juxtapose a presumed faith/micro chance of success in the product onto the currency which is completely untested.

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Old 07-20-2016, 09:19 PM   #18702
onemoretimes
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Re: Bitcoins - digital currency

Quote:
Originally Posted by Alex Wice View Post
Like usual when you look into the specifics you find it's premine

Just because something is premined doesn't make it garbage. Basically any stock that goes public is "premined". Someone created something and has a vested share in it, doesn't make much sense to just give it away.
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Old 07-20-2016, 10:52 PM   #18703
Silent_0ne
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Re: Bitcoins - digital currency

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Insane market cap, very tempted to start shorting it. Would be very surprised if it doesn't fall >50% in 1 month.
Where can you go to short steem? anyone know?
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Old 07-21-2016, 01:51 AM   #18704
heltok
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Re: Bitcoins - digital currency

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Originally Posted by Silent_0ne View Post
Where can you go to short steem? anyone know?
Not sure, but it is traded on Poloniex and they allow shorting right? Also please remember the advice, if you need to ask how you probably should not.
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Old 07-21-2016, 05:41 AM   #18705
Alex Wice
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Re: Bitcoins - digital currency

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Originally Posted by onemoretimes View Post
Just because something is premined doesn't make it garbage. Basically any stock that goes public is "premined".
Actors with a giant total preference to sell, dwarf the liquidity of the market. Big red flag against getting involved.
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Old 07-21-2016, 11:05 AM   #18706
NLNico
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Re: Bitcoins - digital currency

Polo only allows margin trading on the more popular and liquid alt coins, not Steem. Despite being a ****coin, I wouldn't short it even if I could, it can too easily be pumped.
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