This morning I reached a new milestone!
This morning I reached a new milestone.
A quarter-million Steempower.
I reached it much sooner than I thought I would, but the low price of STEEM really helped.
In the last 10 days, I was able to (mostly) buy another 10k SP.
10k SP is an insane amount to add to one's account.
To put it into perspective. I have been here for 3,5 years, trying to earn STEEM like everyone else.
I have earned roughly 87k SP in that period and I just bought more than 1/9th of that in a week.
For me, personally, that feels like an absolute steal. Why? I know first hand how hard it is trying to earn it.
I also know that earning another 87k (from the reward pool) moving forward will be absolutely impossible.
It has nothing to do with HF21 but just simple math. The daily reward pool is a fixed amount of STEEM and more and more people will compete over it when Steem grows.
It will naturally lead to everyone earning less.
I also know when the price of STEEM goes back up everyone will be earning more 'dollar value' (and no doubt ppl will be happier) but most won't be earning more STEEM.
Example:
10 STEEM worth $0,16 = $1,60 payout (aka STEEM is shit but you earned more STEEM).
2 STEEM worth $1,60 = $3,20 payout (aka STEEM is great but you earned less STEEM).
HF21 will accelerate this process a little bit for most. 10% will go to the SPS and 25% more will go to curators.
But there is no guarantee the price will reflect it straight away (or ever).
One of my plans moving forward is to earn more STEEM through curation so having more SP now makes sense.
I won't be able to buy any more STEEM when it goes back up, so what I then have is what I will have.
(Also, much further along the line, I expect STEEM to just be the underlying token used for RC's by companies. I'll doubt normal users will ever even see it.)
For now, my plans are the same as they were for a while.
I'll try to add to my SP holdings for as long as the price is this low or lower (which could very well happen).
For every (foundation) builder, these are dream prices currently. For every taker, not so much, right now.
Luckily Steem has many builders and I love seeing them at work every single day.
O and one more thing!
For my show Crypto Talk Monday, I asked @theycallmedan to come on as a guest and he said yes!
He's one of the biggest investors in Steem currently that is not in the shadows so I think that could be very informative!
Monday 7 pm UTC on MSPwaves.
Have a good Sunday everyone!
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Congratulations, mate. That's fantastic.
With 3 young kids, I'm not in a position to buy in with fiat.
Sometimes just not selling is a victory. (Kids are a different kind of investment though.)
If it slipped under 10c I'd find a way to shift some things around and snap up some more.
Sell some silver, perhaps.
keep the silver sell da kids :)
I figured kids'll look after me in my dotage. Problem is I've accidentally raised them to be excellent judges of character; so they're showing signs of not liking me, which threatens the whole operation.
hahaha,
lol :)
That's also how I see things. Haven't sold a single STEEM (except for Booster Packs etc.) Imagine the value of STEEM if we were worth 10% of FB.
Yes @mattclarke ...
... they most certainly are! Thought I would give you a vote of encouragement. From someone who knows a little more about this than most ...
All the best to you and yours for a better tomorrow!
Thanks, man!
Or sell some of your fleshies. :)
I'm actually renting a heap of them out. Pulling in a couple of dollars worth a day, and paid in STEEM, so that's adding up quick :)
The more I read your posts the more I want to buy more Steem haha.
Always do your own research!
Always mate don't worry about that ;-)
I can see that congratulations are in order and that is Quite a feat! I have been buying I've been catching a few for a low of 17 almost $0.18. That was a proud moment and I will continue to do so in the future. Much luck to you!
!tip
If it's all the same I'll be sending some of that Slowwalker quid pro quo back to the pool. Cheers and great work otherwise.
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You muted me? Lol. You really want to make the dipshit rank once HF21 launches? Theres stuff in the works that will work to rid Steem of the bulshit youre involved in.
Dont be a moron and ignore this.
There are people here that are more then happy to take your downvotes just to see your gang bleed.
Remember that.
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congratulations man! my goal is 50k SP just to become a whale. If the crypto market goes down a bit more I'll be able to get that. It's hard to wait in the meantime.
Congratulations @exyle, on your milestone achievement! 👍
This stood out to me, in indicating "what it takes" to be successful on the Steem blockchain. In your case, a nice combination of both the means to accrue more STEEM via investing into it, as well as the hard work of creating good content. Week in and week out ...
Thank you for being an encouraging example. All the best to you for a better tomorrow! 😊
Thank you!
Awesome I'm close to my max target of 50k! A year ago I thought I would never come above 10k :d
Good luck on getting your goals!
I'm happy to see you have became a half whale! If the prices continue to fall, maybe you can become a full-grown whale as well...
It must drop significantly for that to happen. But who knows :)
Congratulations Boss, Brief but powerful posts like this will always makes sense. The word Million itself is really worth, whether it is quarter or 1/10th. Great achievement...
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