Americans remember the Capital One commercial asking "What's in your wallet?" Even with a 50 percent more bonus, I rather have STEEM in my wallet.
3 minute Capital One commercial compilation
Value of the U.S. Dollar
If you have U.S. dollars in your wallet then you are losing purchasing power.
Snapshot from TradingView
The high in the U.S. dollar index in 2017 was 103.82 on 3 January 2017. The U.S. dollar is clearly a currency in decline. It was at 88.65 at the time of this snapshot. That is a 14.6% drop in its world-wide purchasing power since the begining of 2017.
The U.S. dollar is a debt-based, centralized currency controlled by the U.S. Federal Reserve which should not be confused as part of the U.S. government. There is no limit to the number of U.S. dollars that can be digitized and printed.
Let's say as an American you use your Capital One credit card to get a 50% bonus cash back. Even then you are losing purchasing power. You just perpetuate a debt-based system that fractionalizes your debt into more debt-based currency.
Value of Crypto-Currencies
Bitcoin is the most talked about crypto-currency world-wide. Yes, it is very volatile, but there is no denying its spectacular rise against the U.S. dollar.
Snapshot from TradingView
Bitcoin is a decentralized, debt-free currency. The number of Bitcoins that can be created is capped at 21 million.
It started 2017 at $966.30 and at the time of this snapshot was at $11,104. That is a 1,049% increase in purchasing power.
Value of STEEM: Blog, Vote, Earn STEEM on SteemIt
The STEEM block chain is another crypto-currency. It is a decentralized, debt-free currency. It is easy to earn STEEM on the SteemIt platform by blogging and voting.
Snapshot from TradingView
STEEM has also had a dramatic rise in purchasing power against the U.S. dollar. The amount of STEEM circulating is currently 247,827,800 compared to the multiple tens of trillions of U.S. dollars of which approximately $2.1 trillion is circulating in the form of physical bills.
It started 2017 at $0.17 and at the time of this snapshot was at $6.498. That is a 3,722% increase in purchasing power.
Signing up at SteemIt is free and as soon as your account is created you get a STEEM wallet and can start earning STEEM.
What's In Your Wallet?
Past performance is not indictive of certain future performance. The fact is that in terms of purchasing power against the U.S. dollar STEEM even out-performed Bitcoin in 2017. The SteemIt platform continues to grow and so do the applications on top of the STEEM block chain.
I know what's in my wallet, STEEM and a portfolio of other crypto-currencies. I joined SteemIt in August 2016 and never looked back to other social media platforms. The STEEM crypto-currency is a cornstone of my crypto-currency portfolio. And through @blocktrades I have even converted STEEM into other crypto-currencies like Bitcoin and Litecoin.
I encourage every American, North, Central, and South, to join SteemIt and start earning STEEM. It is likely you will preserve and even increase your purchasing power with STEEM in your wallet versus having U.S. dollars in you wallet.
Create your SteemIt account at https://steemit.com
Do Your Own Due Diligence
Coinbase
I buy my Bitcoin, Ethereum, and Litecoin through Coinbase. For me, buying them through Coinbase is fast and convenient. Plus, you will get $10 in Bitcoin when you signup at Coinbase using this link and you buy $100 or more of crypto-currency.
The reason I like Coinbase is that they stand up to an over-reaching government: Coinbase Obtains Partial Victory Over IRS, 29 November 2017
Ledger Nano S
For safe keeping I store my cryptocurrencies and tokens on a Ledge Nano S, I bought mine on Amazon.com.
Links to Amazon Products in this Blog Are Provided for Your Shopping Convenience
I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.
DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals , opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
Thank You!
Thank you!