A Future Huge Liquidity Crisis On The Steemit Platform??
As you may know, if you have earned Steem Dollars and Steem on the Steemit Platform and you want to have money in your Local Currency, you need to convert Steem and Steem Dollars into Bitcoins and then convert the Bitcoins into your Local Currency.
But there is a possible problem (I am not saying that is going to happen, but it is a legitimate concern): converting bitcoins to your local currency is relatively easy because bitcoins are still the most popular cryptocurrency and are available in relatively large quantities! My concern is the 1st step, that is converting steem and steem dollars into bitcoins.
You need people interested in having steem and steem dollars (with the major depreciation in the last months, I think this is a concern), it may mean that the currency is less popular, more volatile and less people willing to invest or take the risk on steem. If that is really the case it can have a major impact on volatility and the liquidity* may be compromised.
*Liquidity: “Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.” (source)
How do you regard liquidity on this platform? Too much worry from me or is this a real concern??