I'll sell you all my coins at the All Time Highs, but I'm holding STEEM tighter than a Yorkshireman with all the generosity kicked out of him!
Over the last year or so since I've been cryptotrading full time, I've learned many lessons. The most important one is this. When everyone else is popping the champagne corks on their new luxury yachts because they've just realised how stupidly rich they're getting, hidden away below the surface, the sharks are circling, and ladies and gents, they don't give a flying fuck about you....And if you're still in when they bite, they're gonna hit you so hard you're grandkids will be born with black eyes.
So, whilst we are all having a really lovely time of it, friends be aware, one day soon you're gonna wake up to see a board redder than a foxes arsehole in berry season.
So dear friends, please do be careful. Consider taking some profits, and working out your strategy for actually staying as rich as Croessus.
Which brings me nicely on to the point. Although I'd be happy selling all my alts (especially now pretty much all of them have made lovely nice tidy profits), there's no way I'm letting go of my STEEM.
There are so many reasons to hold STEEM. But in case you need a reminder, here's just a few:
STEEM IS LIGHTENING FAST
Three second transaction times? Yep, that's a little better than, mmmm just about every other coin out there. During 2017 we've seen nothing but infighting in the Bitcoin world over block sizes, transaction speed, segwit and every other bloody thing you could imagine. We've had so many forks, you could do a Two Ronnies sketch (this may be lost on non-british people). And still nobody has a sodding clue what's coming next in terms of scalability. And lets face it, Bitcoin's transaction times are slower than a man who's just pushed a crayon eight inches up his nose.
STEEM IS FREE
I can't really understand why people are pissing about with a lot of other altcoins, which all have huge transaction fees. Where I live there's two shops opposite one another. One takes cards for any amount with no fee. The other lets you pay by card only if you've spent at least a tenner, or they want another quid off you. Thieving bastards. But that's effectively what most of the other coins are doing.
STEEM HANDLES THE BIGGEST NUMBER OF DAILY TRANSACTIONS
There aren't many blockchains that can handle a million transactions. In fact, there's really only Ethereum and STEEM that do it. (And Ripple, but we're not talking about Ripple because it's the banksters bitcoin, and it's centralised, so basically it can fuck right off)
Of course, Ethereum has a market cap which is over 45 times the size of STEEM's. But it does it wheezing like an asthmatic octogenarian in a housefire.
Steem in fact handles more than twice the number of daily transactions of the combined total of daily transactions for Bitcoin, Bitcoin Cash AND Litecoin.
STEEM'S TRANSACTION CAPACITY IS ENORMOUS
As noted above, Ethereum is the only other Crypto really capable of a million transactions a day. But it doesn't half hammer its capacity. In the last 24 hours it's basically been at 100% network capacity and still has over 16,000 unconfirmed transactions at the time of writing this piece.
Steem breezes along doing more transactions, and using about 0.11% of it's total capacity. Basically, it doesn't even break a sweat, despite having more transactions than any of the others.
SMT's
If you ever wanted a reason to hold your STEEM into the coming months, this is it. If you don't know what SMT's are, then stop hiding in your cave and go find out, because they're going to make the amazing STEEM price now look like penny sweeties in a couple of years time. And if that ain't the case, I'll get my knackers out.
I'm sure there's lots of other reasons to hold STEEM right now, but I just wanted to remind you traders. Don't be tempted to scalp trade this little coin. It's got so much going for it, and right now it might seem like it's bubbling with the others, but mark my words, STEEM is one to last.
Finally remember this:
Over 38% of all Blockchain transactions in the last 7 days have been on the STEEM blockchain. Bitcoin accounts for under 10%.
Now, if you think I'm selling my STEEM, I will simply say this.... In the words of Charlton Heston "From my cold, dead hands....."