I see so many instances where 1,000s even millions of STEEM are held in a liquid form! This seems crazy for so many reasons!
- You could be earning more Powering Up your STEEM through compounding curation rewards!
- The risk of theft is GREATLY reduced when an attacker is required to go over 7 days without you noticing being hacked!
- You provide more value to the community and are less likely to sell lows when you should HODL!
If you hold a large amount of STEEM and/or SBD just remember it can easily be stolen FAST if your account is compromised. This leads me to my past 2 posts regarding poloniex and bittrex exchanges:
You will see in the event of a hack at either of those sites 10s of millions of steem will potentially instantly be stolen! Don't let this happen to you! Power Up! Don't leave your STEEM on an exchange, especially ones that prove to care so little about their security of your STEEM! Remember poloniex was hacked and funds stolen before???
Remember this wasn't a theft of the KEY but rather an exploit they figured out in their withdraw daemon (which I outline in both my posts above are STILL possible and the most likely avenue for an attacker to drain these accounts in seconds)!
"The hacker discovered that if you place several withdrawals all in practically the same instant, they will get processed at more or less the same time. This will result in a negative balance, but valid insertions into the database, which then get picked up by the withdrawal daemon."
Don't let your Steem get stolen! Keep it Power Up and OFF exchanges!