With the news of the pending creation of the Hive blockchain, about 72 hours in advance of carrying it out, I bought some additional Steem and moved it into my wallet. A "macro" move was underway! My intention was to turn around and sell it, on the "other side" of the hard fork. To try and recoup some of my investment losses incurred by the "bright idea" of owning Steem in the first place ...
Good News: It worked pretty well, although I had not factored in the time delay of getting the new blockchain up and running and its effect on Steem. As a result, there was an unavoidable several-hour delay, during which time I watched the price change a lot (against me ...).
Bad News: Finally getting my Steem transferred to my Bittrex account, I was stunned to realize, in my inexperience, that Bittrex was also impacted by the hard fork! A "rookie" noob mistake ... And another week went by, while I waited ...
https://peakd.com/hive-167922/@roleerob/macro-trading-a-success-story
I want to know how Justin Sun bought Steemit, and how he controls and censors the press and public opinion. Did Justin Sun give money to Steemit users and buy Steemit?
I don't know the relationship between Steemit and Hive. I've seen you write about how you can earn money by moving Steemit's tokens to Hive.
I didn't understand what you wrote. Please understand that my English is at the level of elementary school students in America.
Have you written how to invest in stocks?
Justin Sun purchased the STEEM stake of SteemIt, Inc., the company which owned by far the largest single stake on the Steem blockchain. With it, he had the voting power to put his own Witnesses in control of it. Far more to the story than this, but ... This was the starting point.
The "old guard" Witnesses of the Steem blockchain, led by BlockTrades, decided they would simply start their own blockchain, instead of continuing their "war" with Justin Sun.
I powered down almost all (I have a tiny bit left there, to support commenting ...) of my STEEM stake. In the volatility of the markets, in exchanging STEEM for HIVE, one can either make some money or lose money. I did okay ...
Nope.
Hope this helps you!
Do you mean that Justin Sun pays his witnesses to manipulate and control the press and information?
Does that mean BlockTrades created the Hive blockchain when Justin Sun bought Steemit?
You are right. Many Koreans view Steemit as simply a means of making money. Koreans think they are discriminated against on Steemit compared to Westerners. In particular, there are many complaints about Steemit's share distribution.
They believed that Justin Sun would give them an equal share of the Westerners.
Koreans want to make money by running their own closed community rather than talking to you. They want more money than to be friends of @roleerob, king of the Rocky Mountains.
Unfortunately, they are not interested in or understand the decentralization pursued by the Hive blockchain.
@roleerob, When you're free, please teach me how to monetize, buy or sell Hive tokens. I don't know how to transfer Steemit tokens to Hive.
I don't know more about cryptocurrencies than elementary school students in America. ahahaha!
His control is limited to complete domination of the Steem blockchain, as his stake is far and away the largest. All others combined do not equal his ... As far as the press, etc. outside the Steem blockchain, we can both assume he does what he can to influence them to be biased toward whatever he wants them to believe ... Control though? He is not that rich ...
No, when the "war" with Justin Sun was going into its 2nd month, with no prospect of it ending ... BlockTrades led others to just "dump" the Steem blockchain instead and start over, with their own new blockchain.
Getting your funds back and forth between the Steem and Hive blockchains can be accomplished with @swap.app. There are other alternatives, but this is the most straightforward and the one I used. Here is a link to that app and posts written about how to use it - https://peakd.com/@swap.app/posts
Beyond that, buying and selling HIVE tokens or any other crypto begins with exchanging whatever Korean funds you may wish to invest into crypto. Is that what you are asking for help with, as well?
Dear senior @roleerob, i thank for your advice!
I am ashamed, but I do not know the concept and usage of cryptocurrency and blockchain.
I don't even know how to buy and sell cryptocurrency in Korean funds and markets.
So, I read what you wrote about tokens and monetization, but I didn't understand. As you said, I don't know how to trade cryptocurrency in Korean funds and markets.
From your point of view, I am at the level of a primitive man. ahahaha
Hmmm. I hoped it is not due to anything I have said, as I do not understand why you would say this. My limited understanding of southeast Asian culture, though, would indicate to me this is very important to you. If I have offended you in some way, please feel free to let me know.
From my cultural perspective, this is pretty simple. You have just not chosen to invest the time into learning about it. No one can be proficient doing anything until they have invested the necessary time and effort.
I have always been willing to help you. You have asked for help. If you want to move forward, I am still willing to help you. Just let me know and we'll take it step-by-step.
My only caveat in this offer is I do not want to be responsible for whatever my happen with any money you would choose to invest. You need to understand "going in" that the crypto markets are very volatile. Probably not a good place for anyone faint-hearted to venture ... Even then, the best advice is just not invest more than you can afford to lose ...
Only you can say whether this is a good idea for you to proceed with or not. Let me know!
Dear @roleerob, I am grateful for your kind advice. Please understand that I am not good at English and I am not familiar with American culture.
People living in East Asian culture think that many questions are actions that reveal their ignorance. So, East Asians don't ask questions to others even when they have questions.
You are right! However, Koreans use virtual currency and blockchain only for speculative purposes. On the other hand, you use virtual currency and blockchain to prevent centralization. So, I read your articles, but it was hard to understand because of my poor English skills.
Thank you for your kind advice!
I agree with you! Many Koreans simply use virtual currency for speculation. They only told me how to make money using cryptocurrency. However, you insisted on using cryptocurrency and blockchain to prevent centralization.
Rather than making money using cryptocurrency, I want to know if your claim applies to reality.
I wanted to know if @roleerob's argument could apply to reality.
Hmmm. Rather than make any statement about what that represents to me upon reading it, I will just leave it with you will have to decide whether you want to continue on in life with that mindset ...
At least it tells me it was nothing I said which made you feel ashamed.
I do not know what this means, as I am unaware of making any claim or argument. I took your request for help above to indicate something else. Not sure what you are asking me for help with now.