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Steem On Capital.com Of STEEM CFDs

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@taskmaster4450le
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There was a rather nice write up about Steem on Capital.com. Granted this is a site that is seeking to bring traders in so it is in their best interest to put a nice face on Steem.

That said, everything they alluded to was correct. In fact, it is rather odd an a site like that which appears to be targeting traders. The write up itself was more for investors who would be seeking long term holdings.

One of the best aspects to the entire article was this infographic.

Essentially, this is the entire marketing package in one graphic. They hit upon all the highlights, something that is rare for an outside entity. To me, this means they did their research.

Of course, the article starts out with this statement.

The blockchain niche has been developing at a rapid pace, resulting in tough competition. However, Steem (STEEM) stands taller than many other cryptocurrencies due to its unique properties and application.

I don't know, perhaps they start every article that way when writing about a cryptocurrency but, considering the depth of their write up, I think that is not the case.

They did cater to traders by showing the ability to trade in both directions. They are offering STEEM CFDs, which are derivatives. They are offering traders the ability to bet on up and down movements without owning the token.

Alternatively, a person can trade a contract for difference (CFD) on a given cryptocurrency, and speculate on the price difference. A CFD is a type of contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.

Investing in STEEM CFDs gives you the opportunity to trade STEEM in both directions. Regardless of having a positive or negative view of the STEEM market forecasts and predictions, you can try to profit from both upward or downward future price movement.

https://capital.com/trade-steem

Whatever the form of publicity, it is something we will take. Also, the idea of traders getting interested in STEEM could be helpful. For those who are so concerned about marketcap, that is one way to move up the rankings. STEEM is not heavily traded which is one of the main reasons for it being ranked so low.

Perhaps some traders will pass on what Capital.com is offering and prefer to buy the token and use it for positioning that way.

Either way, it is great to see such a nice writeup.


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Posted via Steemleo