There is a danger lurking that most steemians are still not taking seriously. I urge you to take action and not become another statistic..
If you still routinely use centralized bitcoin exchanges to sell your Steem Dollars for fiat currency, here is something that I would like you to read:
»» Blockchain Graveyard List ««
Fortunately, there are other options.
Familiarize yourself with decentralized trading software. This series is still evolving, expect to see more tutorials in the upcoming days.
If all you are looking for is price stability, but you do not necessarily want to go all the way back to the legacy financial system, it is also possible to leverage #bitshares for this task.
As support for Bitshares Smartcoins is only days away from being added to #bitsquare, you will soon be able to trade a wide array of national currencies (with #bitsquare), while keeping your money secured on the #bitshares blockchain.
EDIT: Bitshares Smartcoins have been added to Bitsquare!
While bitshares smartcoins do not pay interest (like Steem Dollars do), it may still be a wise investment strategy to:
- Not have all your eggs in one basket (Steem, and USD).
- Diversity into other currencies.
- Obtain price exposure to precious metals, such as silver and gold.
#bitshares makes all of the above possible. And you will also be learning about one of the most exciting blockchain technologies around - the same technology that powers #steemit.