Regarding your friend, hopefully he is able to do his own DD before putting that amount of money anywhere.
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Regarding your friend, hopefully he is able to do his own DD before putting that amount of money anywhere.
One thing for sure is that it will go somewhere.
Not many other coins out there where you can make roughly 30% on your investment per year like you can with Steem Power... and that is without the price of steem going up at all. That is a nice bonus most coins don't have.
The concern is if STEEM is actually a safe place to invest vs others. 30% is a reality (very true), but if value gets damaged or if users go elsewhere, then that 30%, 50%, or even a 100% RIO in STEEM will mean nothing. If someone that wanted to spend an equivilant of a nice dinner out on STEEM investment, then I would for sure tell them that it is the right thing to do. My friend though would really be pissed if he lost a significant amount.
"A safe place to invest"?! Good one... Probably shouldn't be putting money into crypto at all if one is looking for a "safe place to invest." Bitcoin probably has the best chance of anything at being around a few years from now and it is still a lotto ticket. This is cryptocurrency, it is all a gamble.
That being said, I get what you are trying to say here. The relative 'riskiness' of steem may be elevated compared to some other coins, and I would agree with that.