How does a $1.7 Steem taste for a professional blogger?
It's been about four months since I started scratching the surface of Steem's blockchain with all sorts of articles and comments and I have to say that not only that it became a bit addictive, but it did crossed my mind a few time that at some point I would probably become a "professional" blogger on the Steem platform.
But before actually tasting the reality of living on your own words wrote on a virtual piece of paper I kind of imagined how would it feel to actually live like that and the first thing that came to my mind was the price of Steem/SBD.A price that fluctuates along with the whole crypto market can influence a lot the life of a blogger around here. Hence the paycheck of such a blogger will fluctuate also, right?
Well, not really. Simply because, excluding the hypothetical situation that you get hacked of all your STEEM/SBD coins, you can stack them in your wallet for a pretty long period of time and put them on the market once the price goes up significantly. Then you can exchange them to FIAT and pay your bills with your actual "proof of work" earned on the Steem platform. But what happens if your short on money and the price of STEEM is at around $1.7 as it is today?
Then the professional blogger from my imaginative story would be in deep shit, having to either "sell something" around the house, borrow some money for an undetermined period of time or actually sell his hard work earned STEEM at the market's price, which wouldn't be the best option. Considering though that being a professional blogger on a blockchain based platform you are aware of these fluctuations and you have already a strategy to avoid selling at $1.7.
And that would be the piggy bank. As simple as that. You start collecting and feed your pink pig for a while (let's say a year) and then, once the wave of cryptos rises again you dump them on the market and get your proof of work in the most hated coin among crypto enthusiasts, USD. You have to have some strong patience to do that and some trading skills to know when to dump the hard earned coins on the market so it won't be an easy blogger life.
Looking at the markets charts we can see that it's been going up for years, but it's being doing that in swings. So taking the most out of a blogger life on Steemit one should learn how to ride those waves. For that, patience is as important as air and faith in the cryptos future as well. Once these qualities are mixed with a bit of writing talent, good typing fingers and the right audience to cast upvotes everything will work flawlessly. At least in my imagination...
So, coming to the end of the article, and having no intention of making it a long one, it's time for the conclusion and the final question would be is it worth blogging professionally on Steemit?
I really have no idea, but I have a plan to test that. As of June 1 I started saving every coin I earned in here without throwing any of them on other coins or bid bots having the intention to save them for a year and sell them in June 2019. This way I think I will have an objective idea of the value of Steem and enough time to test this idea of becoming a "blockchain blogger".
After all, a year is not that much, but enough to make myself an objective idea about "the taste" of Steem and Steemit as it gets salted.
Thanks for your attention,
Ace
What if Steem/USD will stand by 0,7 or 0,3 next June? It is not very useful set yourself so hard deadlines. May be crypto markets need 2 years to recover and to start a new bull phase. After the top of 2013, Bitcoin needed 2-3 years to recover. May be it will be 4 years this time. Who knows.
In 2013 the total market capital was at less than a billion. Now it' at about 280 and can swing 30-40 billion in one day. I can't say when it will have the next bull run, but things are moving faster nowadays with the market. It's exponential.
Well it is a great plan. And I am curious how it will turn out!
Will follow it closely!
Cheers,
Peter
That's a one year follow mate...
Will be glad to do. I do hope that we both still have the motivation to keep on blogging!
Cheers,
Peter
My wallpaper...
Steemit is too young platform for professional blogging job. If we develop Steemit to become multimillion users platform then all bloggers will have huge incentive to blog here.
We're working on it. The rewards pool and how it is being used will have to change also. It will grow up in the years to come, in my opinion.
Voted, now following:)
For me about 5 months of sporadic use, so I like your questions and similar hopes for the platform. I certainly still feel v. positive about it. Recently I wrote this on some of the great development going on., and the wonder of blockchain as a smart database that can feed into multiple projects.
As for pro blogging here, yes i think it depends on having something that continually motivates you to write, or have someone motivating you to write! not easy being your own boss. A lot of people write about just crypto, but i think having a load of interests to draw upon is a bigger help, but you should engage and comment with a readership too.
I think the platform is young, but I believe you can start now, and go up with the price.
Well I'm not tied to a niche yet. I write about crypto, news, life episodes of my life, my personal philosophy etc. I jave a lot of opinions and here I found the place to share them with people all over the world and I like it a lot. Thanks for your upvote and follow.
Interesting idea. I am looking forward to seeing how that will go for you.
Holding in some money for bad times is a very good practice in general, one that I need to better adapt for myself.
It's a one year wait. We'll see next summer what's changed in my wallet.
With patience, we succeed.
Or something like that~