Dreaming of 'earning' a living just tossing about on steem..... or roll on $5 steem!
View this post on Hive: Dreaming of 'earning' a living just tossing about on steem..... or roll on $5 steem!
I've moved to Hive, along with most other people, following Justin Sun's takeover of Steem in the Spring of 2020. I believe hive is a lot more decentralised than Steem!
I have a similar long term view as you are in terms of potential earnings. However, I am short term investing and buying Steem to increase my stake towards Orca which is where I would want to start evaluating what to do with my earnings. As I go that route, I am also delegating for some wild cards as well as it is fun to be involved in some of these projects! Great statistics even at these prices!
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Very interesting to hear!
You should do well investing up to Orca on here, as if you have integrity then money follows money and there's certainly a little club of people doing the same. I could well get left behind, floundering around the steem tweens.
If steem ever does hit $5, even $3 and I'm looking at an account valuation of around $40K, part of me would think I'd be crazy not to do a couple of powerdowns at those prizes, then again, I like being above 10K, when I get to 13K, I'll like being in the teens, and so on at 15, 20K.
I think delegating some of your stake for tokens/ return is a great idea. Personally I'm delegated as much as I want to be right now (I do an additional small delegation to @actifit via @self-track), and really just want my visible SP to get over 10K, that's the next goal - end of next week probably.
It's great being part of a 'investing up club' for the time being - money follows money on steem so it's a mutually reinforcing thing.
Looking at your numbers, you have been doing very well for last 7 days which skews the monthly amount, it could be because of a large bid not averaging out.
My goal is to have Around 10 SP(well steem + sp) per week per 1000 SP. That's around 40 per month. So For active (daily) bloggers expecting around 30-50 / 1000 per month is normal. If you have a lot of fans maybe double that. I've tried months doing nothing and 10~15 SP per 1000 per month is normal in those cases (vote selling enabled and some commenting / blogging activity). It would vary more depending on curation.
The above is at 50/50 rewards, but I eventually bid the rest in which gets around 5% more than just going 100% sp. I usually use the earnings to mess around with dapps, so I would probably be better off going 100% SP for rewards, but let's make things interesting ultimately it is good as long as people are abusing.
You also have a ratio of curation to author rewards of around X8 ~ X12 ....
I've been keeping track since end of January which was the last time I purchased steem and powered up (asides from bid power-ups which are constant). I'll share last week or Sunday 14 of 2019 with you:
Week 14: 7/4/2019
account value: $2,819.98 ~ This is according to steemit, I wouldn't sell my account for this much.
Total SP: 5567.1
Liquid: 1.7 STEEM | 1.84 SBD (SBD is X 0.40 or whatever dollar value of steem is, this is fine unless you keep hundreds)
Coming rewards: 146.6 (I just check incoming curation and author rewards on steem world, author rewards are double at 50/50)
= 5719.3 (+57.3 from previous week)
As you can see it was almost exactly at my target of 10 SP / 1000. I blogged every day of the week. I am happy with this amount. But it includes curation, too. My curation was better than 1 / 1000 sp (around 7 SP total), but probably 1 / 1000 sp if I didn't self-vote (lol). My goal is to get it to 1.5 / 1000 SP.
Wahay! Welcome to 'steem trackers united'!
You know I had never considered looking at my rewards per 1000 SP. That's something interesting I'm going to start doing. I don't sell my votes, but I do use @ocdb to buy them, which is what makes things complex working out what my actual earnings are - I had to rely on manually tracking back through my wallet as steemdb for some reason didn't record all the transfers for the last month. Then I just held the price of steem constant at current prices.
If yer buying steem with the SBBs and powering up, surely it doesn't make any difference whether you go 100% SP or 50/50 - I prefer the later as I'm finding more and more uses for liquid steem. (Most recently I need to put a contract out for someone on @drugwars).
So if I was earning at your rate, 10SP per week times 11K = 110/ week = 440 SP per month, = around $200 per month with steem @ $0.43 which is what I use above... very similar. I'd be impressed with 1.5/ month. Then I could survive off steem @ $3.5!
@cryptoandcoffee is something of a curation guru if you want to improve those rewards btw.... slow and steady is a great tip if you use auto voting I picked up from him.. i.e. just check and change timings for a few people in one go.
The skew is probably me using ocdb more in the last week, and I did have a nice (non ocdb) $10 upvote from someone in the last week.
Also a good time to buy in don't forget... unless you're waiting for the bottom?
Thanks for the comment, very valuable!
I would also love steem to go to $5USD!!
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Interesting. I was just thinking that it was about this time last year that you handed in your notice.
It was earlier... February.
Turned out quite well I think! Real stroke of luck picking up this teacher training gig.
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Yep to all the rest but this is an interesting thing to consider too:
Imagine if they did that, what would change in their platform? Will add revenue support it? will they be able to do it feeless transaction - international laws? All the people who are there now, would they stay if FB gets flooded with alts?
I have considered it and I don't think it is quite so easy for them, especially with such a top heavy business model.
I was thinking along the lines of supermarket rewards points ('tokens')... they could do it by making them super low value, like those points cards. The average user would lap it up, feeling as though they're getting extra, when in reality they're just being made to be more loyal.
People are very stoopid don't forget!
Yep, that is the way it could work but even then, people aren't ready for the scam that'll flood there feeds and, will people need to open up their accounts publicly in order to get any chance? Lot's of questions and I tihnk that whichever way it goes, it would fundamentally change the platform and that would make people look elsewhere in and of itself.
Yes I guess it could make people look elsewhere!
I do think the whole social media landscape will be very different in 10 years time.
Hopefully by which time I'll be self-sufficient and very off-grid.
Not quite ready that yet though.
yea, I guess i am not the only one contemplating the future and financial security. Are all those figures you taking the 50% SBD or taking everything into account? if not then you need a 10dollar steem price right?
and how did you find that steem monster value of your cards? I have some cards but do not really play anymore.
That's taking everything into account, so I'd be powering down periodically and holding at my current SP (assuming I started now) rather than building, so yes, if I wanted to do 50-50 invest and take out I'd need $10 steem! Very fair point.
You just type $stats into sm voters hut on the SM discord channel....
$200 monthly is pretty impressive. In earn far less but see steemit.com with the same view - a future investment. Delayed gratification and consistency is the word for the day
It's much less stressful to view it long term, I'll probably do so for many years to come!
That’s an interesting calculation I was actually thinking about it the other day and I was like I wonder how many youtubers knew they could live off their videos when Youtube was 3 years old I’m sure that was not many!
I hope that we get to a place where people can earn a living or augment their expenses with steem which will give them more time to create better content or get involved in project that better the chain
There’s billions of dollars sitting in social media sites right now and if we can shift even 1-3% of that into steem I rate we will all be pretty chuffed with the decision to become a steemian
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Fair point that just 1-3% of mainstream SM's revenue wld be a real boost for steem!
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cool way to see the calculations which I guess secretly a lot of people amonst us are curious about when they think about a future in living off of crypto..
seeing it like this...there is still a lot of work to be done...as wishing that the price will rise ofcourse that is!
It's either $5 steem or *my investment by 10.... I get the feeling if I did that I'd get a lot more votes as people would chase my money! That seems to be a thing on here.
To be honest I would also like to make a living out of STEEM. I have withrown Steem and SBD in the past, mainly in the beginning of my Steem journey. In the first few weeks I was able to cash out around 250 USD, that's a lot of money here in Mexico taking into account that I only made a few post those days.
I ran some bombers and I have gained more than I have invested and my accounts value is raising.
I think that 5 USD per Steem would be a great price and a lot of us could benefit of that value. For now I will keep growing and investing Fiat into Steem as much as I can.
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