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STEEM may be poised to rocket up the Trinity Ladder to #2 spot, as the invisible hand pushes Ether aside to clear the road. Faster than the Ether community can hardfork and rescue their precious Eth funds, the inevitable invisible hand pulls the rug out from under them through price. DAO ETH FOMO is running at an all-time high, the Trinity is far from symbiosis at the moment, and kevinwong may need to update his Gif soon! If the supply shock hits hard STEEMFLATION may be a contributing factor!
What to do? How Do I profit in this unique situation?
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Stop Trading!
Not much to do here other than sit back, stay away from ETH for now until the dust settles. It may never really settle, as one door closes, another always opens. Look to the longterm, look to your new STEEM frontier in POWER UPS! Since you are here, most likely you already found STEEM, so itโs not of your concern. However if you are still holding some ETH, there are still some Options left no pun intended. I recommend EtherOPT. https://etheropt.github.io/#
EtherOPT is a smart contract for trading options. Everything is open source and secure. I would recommend purchasing ETH insurance to protect your ETH in case the worst case scenario happens and we have a total price reboot!. Put Options to buy and watch on ETH are the 25,22,20, and on down. These options when purchased guarantee the buyer an option to sell the Ether for 25,22,20 etc dollars as long as it is below the strike. Buying puts caps your loss potential, and is a very good way to insure your Ether, especially during very volatile uncertain times like these.