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RE: MinnowBooster - Delegation Leasing Market Made Simple!
Thanks for the update. But i have a question. If the ones that lends makes an outstanding profit with passive income,doesn’t that mean that the one who borrows has a loss?or it is a win win?
Lets say a wanna borrow 10.000sp for 4 weeks and i ll have to pay 270 steem. Will i gain that 270 steem back in this one month period or i ll have a loss?Anyone who knows specific details?i would appreciate an answer @minnowbooster maybe?
That's a very good question. Whether it's profitable or not for the borrower depends on a lot of factors; for example if the price of Steem and SBD goes up or down during the lease period, and how the additional SP affects your curation rewards. It's hard to predict ahead of time. Even if you don't make a profit, there are many intangible benefits such as increased prestige, additional followers, and additional influence on the platform. Some people use borrowed SP to support their local ethnic communities or run contests that would be impossible with less SP, and look at the lease price as an investment in their long-term Steemit success.
If you are considering borrowing SP with Minnowbooster, I think it's important to first make a plan for how you will use that SP. If you want it simply for the sake of trying to make profit through curation rewards or excessive self upvotes (which the community generally frowns upon), then you might be disappointed.
Remember you can also set your own price, so you control how much you are willing to pay. If you place an order with a low APR, you might have a harder time getting an investor to fill it, but on the other hand you'll have a better chance of making a profit.
Thanks for the info @cryptomancer.Tbh honest i read your reply twice.And that is because i had to make sure that i didn't left something unnoticed.So after your reply tend to believe that it is more about the prestige etc rather than to make profit.Sure Steem price is a huge factor but can you count only on temporary prestige just to earn followers?I don't know if i m missing something here.
Thanks again for replying to my comment
I'll answer your question honestly. If you're voting or curating 24/7 nonstop then you can get profit from it if you're leasing. Other way is if you upvote only "yourself" which is not being encourage in the platorm. Aside from that two, then there's no profit unless the price of steem or steem dolar goes up. So choose wisely and plan ahead carefully or you'll lose.
Yeah but if i vot 24/7 nonstop i ll end up with low VP. I don’t know how can this be profitable for someone who leases...really
And you can’t just hope that the price will go up. Even if it goes up the one who lend you will take it back...
in my case invest 30 steem for 1800 sp for a week .. can maintain some delegations but it is very difficult to maintain it if your blog does not have good income .. I delegate with the intension of dale to offer to my followers since my voting power is null .. and currently I lost almost all my delegation .. if your blog generates good income if it is profitable ..