I know some of you or most of you have already heard Bitcoin, Ethereum, Bitcoin cash and many more similar coins spreading and circulating the entire planet earth. All of this kind is called cryptocurrency.
Most of the governments today were regulates some cryptocurrency just like bitcoin. In the Philippines, coinsph, the largest cryptocurrency remittance in Asia added a new cryptocurrency coins like ethereum, ripple, bitcoin, and bitcoin cash.
Coinsph was already regularized by Banko Sentral ng Pilipinas (Central Bank of the Philippines) this year 2018 and now ready to served 5 million coinsph users all over the world
Cryptocurrency enthusiast and many more investors were looking for the best cryptocurrency to invest for. They considered so maany aspects before investing on it. So now I will discuss those aspects and you will see the advantage of Steem and Steem Dollar on that aspects.
- LOW TRANSACTION FEE. Most of the time, investors and crypto enthusiast were just looking for a cryptocurrency that gives them a very low transaction.
Of course even me, I dont want to be charged by a large transaction fee. I know you also know that. Bitcoin, ethereum and many more leading cryptocurrency has a transaction fee charge and Bitcoin has the highest transaction charge ever.
On this case, the Steem and Steem Dollar offers a free of charge transaction fee. Why would you choose something that needs to pay a lower transaction fee if there is a cryptocurrency that offers a no transaction fee charge?
Steem Dollar and Steem are the only two cryptocurrency I know that offers a free of charge transaction fee. This is one of the advantage of steem and steem dollar when it comes to transaction fee.
- TRANSACTION SPEED. This aspect is the most important aspect in cryptocurrency transaction. Time is so important for every investors or businessmen.
Let me tell you one short story about it. One day a bitcoin user went to buy something on the mall. But he forgot his money and the only thing lefts in him is his phone with bitcoin wallet. Now he needs cash as fast as he can because he is very hungry.
He tries to transfer his bitcoin balance to coinph and withdraw it via his gcash mastercard on any atm he wants. After he sent the bitcoin amounting of PHP5000, he patiently wait for it until the transaction was confirmed. He waits for almost 3 hours until it was confirmed. I know the feeling of that.
That is one of the problem in bitcoin. It takes hours waiting to confirmed. How about ethereum? Well, ethereum has a minimum time confirmation of around 5minutes. 5 minutes is still slow. Other more cryptocurrency experience the same problem.
So if we take a look on this aspect, the steem dollar and steem has made an advantage again. Why did I said so? Steem dollar and steem only takes 3 seconds to 15 seconds for a very large amount of steem or steem dollar amount.
One of the fastest in the world of cryptocurrency. And here is more, steem and steem dollar can make more than 2000 transaction per second. Wow that was fast compared to ethereum with only 20 to 30 transaction per second.
- RETURN OF INVESTMENT. Many cryptocurrency investors suffers from this aspect. Some of them really lost a lot of money. The only thing they know about cryptocurrency is buy, hodl, trade and wait.
If the value of that cryptocurrency decreased, they loss and if increase, they get more from it. That was too risky especially now the most of the cryptocurrency rely their price on the price of bitcoin.
Steem and steem dollar again has a great advantage on this aspect. First is the BUY, HODL AND WAIT method. In this method, you will gonna use a traditional cryptocurrency trading.
When the price is low, you should buy more and when the price increase, trade it to gain more. That can be apply to almost all of the cryptocurrency. The second is the BUY, MINE using steemit platform where you will convert your steem dollar to steem to steempower to earn daily from the upvoting power offered by the steemit platforms.
Many people already doing this and no other cryptocurrency done it. Only steem and steem dollar has this opportunity. The simpliest way to earn is to learn how to earn more on steemit.
That was the three main aspect in choosing the best cryptocurrency to invest for. What more are you looking for?
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