Ladies and Gentlemen,
Having dumped my STEEM a while back in order to buy more EOS turned out to be a wonderful investment move. EOS went up a few hundred percent during a period where STEEM did nothing. However, because my old computer was hacked, I did lose all my EOS!!! That said, the investment strategy was sound.
I have missed the move from 7k to 10k in Bitcoin, and so over the last week I have considered how to reposition myself into crypto to see the largest gain with the least downside.
I still think EOS and BTC are great buys even at current prices, but I also believe riding EOS down 40% during a BTC crash is possible. BTC has also always been willing to crash 25% or so on us. This has caused me to be reticent to invest into these vehicles because I would like to see a major market pull-back first. As I was thinking what to buy, two days ago, it occurred to me!
The best buy with minimal downside is STEEM. A month or so ago, I did not really like STEEM that much because there were better buys out there. Now that the market has rallied, leaving STEEM in the dust, and now that we are nearing 2018 when we might see Smart Media Tokens implemented, STEEM is primed for over a 100% increase in value.
Notice the price level at which long-term buyers come into the market to support prices. This is the same activity I look for in the best investment situations I have ever seen such as BTC in 2015 at $200, or NAV Coin in early 2017 at 3.5 cents.
When you have a rally, followed by a low in the market, and the market has lost all interest in the coin, but long-term buyers are supporting a price level and accumulating big time, this is the best place to buy!!!
The chart plus the upcoming news events says it all. My minimum price target is $2.50 . I believe $5 is within reason. 1 bil market cap for STEEM once SMTs are implemented is not unreasonable.
The risk to the downside might be something like STEEM at 80 cents, which is cheap and it wont likely stay there for 12 months. The upside is a possible $5 USD. This creates an exceptional risk / reward profile.
STEEM better than SBD and better than Tether - for a Store of Value
In this rare situation, I consider STEEM a better store of value here than SBD or even Tether.
SBD is priced well above $1 USD meaning it will eventually crash back below $1 USD during the next major cryptocurrency downturn.
Also, Tether, while very good at holding to $1 USD, it carries the risk of banking centralization with the Hong Kong organization that operates it. This is a risk many of us are willing to put up with since it mirrors the dollar so well. Certainly, it is usually better to own some Tether than ride your favorite investment down 30%.
But with STEEM behaving as it has been, and with the way the cryptocurrency market has behaved, I personally believe STEEM has less downside risk on average than Tether at this point, since it is a decentralized system, with long-term buyers supporting the price for a future move higher.
BTC Donate: 12EjwZZow8LtsmqmVbwc9VV2Suo3tiEPLg
ETH Donate: 0xCCa7DD999f3F0CBb890861Ce5577b44102Fa4319
EOS Donate: 0xCCa7DD999f3F0CBb890861Ce5577b44102Fa4319
NAV Donate: NNvpuRvL2dMDtUhsTwvTDG2bbG4QbSwm75