I'm now a Minnow, Good Time or Bad Time? 1 Steem Bounty AddedsteemCreated with Sketch.

in #milestone5 years ago (edited)

Today, I decided to become a Minnow. While my post title looks like a click bait, it is clearly because I have some mix feelings about the continuing my journey on Steem with this new status.

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Source

Can someone tell me the meaning of the number in the image above?

The Current Situation

The recent activities by @ned and Steemit Inc are no new news. Though it understandable why they had to pull off their delegations and secure their stake according to this post it does not take away the fact that this action is currently affecting me, many others and Steem as a whole.

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Musing is one of the dApps that has facilitated my growth on Steem lately and in a week that I decided to be very active, I got hit back with the news of delegations being pulled away.

At the time of writing this post, musing had the below statistics;

Effective Steem Power: 88729.84
Steem Power: 10925.443 +77804.397 -0   
Voting Power: 73.988%
100% Vote Worth:$1.888
Current Vote Worth:$1.397

Musing has been recharging its voting power as it was at 12% the last time I checked about three days ago.

Some of my votes from musing were over $1 and looking at the current situation, it would be impossible to get such an amount as musing has to manage it's voting power.

I cannot tell exactly will be the way forth for me, may be someone can help give me some advises through a comment?

Disappointment Being A Blessing

Looking at a journey that started back in June 2017, Catastrophic would be a perfect word to describe my journey on Steem.

The low prices of Steem enabled me to grow my Steem Power to what it is today. I also give credit to some Steemian friends and to the Redfish Power up league hosted by @paulag (Check out the league or that hosted by @steemcommunity)

I remember having just 103SP on the 3rd of December 2018 (after 17 months on Steem) and today which is 44days later, I am celebrating being a minnow with the below stats;

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In all, I would say my mentally did change with the bear. I decided to be more active than ever on Steem in order to take advantage of the bear situation and grow my Steem Power. I will continue with this mentality to the best of my ability!

I am happy to have reached 500SP and of course, this does not stop me from powering up to the best of my abilities. I am even looking forward to buying some more SP in the coming days.

To celebrate this milestone, I have placed a 1 Steem bounty on this post and will upvote meaning comments on the 5-6day of this post to decide the distribution of the reward.

Thank you for your time!

written by @akomoajong with love for Steem and support from @shortcut @bleepcoin @leeuw @jennimorillo @neoxian

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@akomoajong 16/01/2018

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@akomoajong has set 1.000 STEEM bounty on this post!
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Congratulations to the following winner(s) of the bounty!

Congrats on reaching Minnow Status! Hoping to make @pifc a minnow in the next month or so.

Oh! Great, thank you🙏

Posted using Partiko Android

Congratulations on reaching the minnow status.

I think Steem may collapse in case the situation does not fix. Lack of confidence between Steemit Inc and Steemians, including witnesses, may be a big problem, and it can cause a hard fork. Steemit Inc is currently burning big amounts of money to sustain Steem and it can´t do it forever.

I think it is a good situation to buy Steem and became a minnow, but it is a risky decision.

I would recommend you to delegate some Steem Power to the projects you think they deserve it. 50-100 SP is enough for having plenty of resource credits.

Thank you. I think the current situation and happenings on the Steem blockchain are really messy but I just believe it will be all clear in the long run.

I don't believe in Steemit Inc, witnesses or individuals but I believe in the currency Steem and its potentials.

About delegations, I'm very open to support any project that's what it and currently, I have delegated 300SP to 4 different projects albeit I also love giving out valuable votes.

I appreciate your comment, thank you!

Posted using Partiko Android

Congrats on reaching minnowhood and I hope more people continue to have faith in what we are trying to build. Steemit inc is not steem and the more we remove their influence over the chain the better, we don't want single points of failure.

As currency becomes distrabuted it will be used more and become more vaulable over time. Think if one day we had several dev houses deploying upgrades to the chain with witnesses being the gate keepers and we had more projects brining in value

Unforunately we're past the rewarding individuals for using the site phase and we're moving into a new phase of building dapps that will bring in revenue and create a sustainable ecosystem.

It is by all means your choice to do with your money and time as you please though if you don't agree with the way things are going. But these things are risks and take time thats how tech works

You got some good points there, thank you!

Posted using Partiko Android

Congrats being a minnow. See you in dolphin league, soon! :-)

Thank you, that shouldn't be long from now 😄

Posted using Partiko Android

I want to applaud you for accumulating Steem during the bear market. It is emotionally hard to do but you will be glad you did when things turn around again.

I know we all have concerns about the "undelegation," but I hope in the end we are all stronger for what is happening now. This is pushing a lot of communities to find ways to thrive without the assistance of Steemit Inc. It is painful but I look forward to moving through and reaching the other side.

Actually not always looking up to Steemit Inc somehow brings in the sense of decentralization. I figure wisdom in this comment.

Thank you very much

Posted using Partiko Android

Congratulations! It's great to see more people moving up the ladder.

The number you see on the picture is the amount of VESTS you own. SP is simply the value of your VESTS in STEEM. It's some complicated stuff. Basically when you power up, you actually buy VESTS by selling STEEM. When you power down, you sell VESTS to buys STEEM

Congratulations bud. It is not easy to get to that level. I myself have been. Struggling to reach 100sp. I have been surfing for strategies and tecniques to climb there. I would be glad if you share your secret to me.

Least I forget... How aboust musing? Is it still running perfectly? I once thought of engaging there.

  1. My top secret is to prioritize SP.
    Seeing you holding much liquid Steem tells me that you don't have this mindset. All my posts are placed on 100% powerup and I get liquid Steem only from comments payout or giveaways. Still I do not allow it to go pass 30 Steem (I power it up).
  2. My second secret is the Redfish Power up league organized by @paulag
    This league did help me a lot as I started competing for top spot every week and this was a big motivation for me. I advise you to join the league and always follow up/try to improve your stats.
  3. Participating in giveaways.
    I always try to participate in every giveaway that I come across.

About musing, I explained in the post.

Thanks for the tips.

Initially I was saving up my steem to get a new device until the dip in steem price faulted/halted my plans - though it is not us to the required amount.

Sencondly, I joined @paulag power up league about 3 months and it's really helpful and am also in curation engagement league organized by @alb12345

For the last one, I have not participated in giveaway. Can you suggest some for me?

Yeah, I remember about you raising some Steem for your device. It's gonna need a lot of Steem at the current price but then I can't sell any amount of Steem now and can't hold them till whenever Steem will rise

For giveaways,

  1. Check out the contest and giveaway tags for posts
  2. Follow @contestkings everyday, they put up a list of giveaways that don't demand an upvote, follow or resteem.
  3. Follow @steembasicincome they always pick a list of giveaways that involves SBI. I'm assuming you know about Steembasicincome (SBI). If not, check out their blog and read any of their posts.

Ok thank you for the suggestions.

Yea I know about steembasicincome and am currently following them. I will check out the other one.

Wow my friend!!! congratz!! and thanks to you i learn somethin more abou steem, i didnt know about the Steamboard and about the Minnows, thank you for your time sharing this with us

Thank you too for dropping by to applaud me. We all learn everyday. Wish you a great weekend!

Posted using Partiko Android

This post has received a 3.13 % upvote from @drotto thanks to: @sbi-booster.

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