Nearing 3000 STEEM! Also stacking CANNA, PEACE, and LEO tokens.
Welcome to the 92nd weekly installment of my series on Steem income and growth!
Income on this blockchain is generated by "investment" (the more currency you have, the more you earn) and by "work" (earning currency by contributing content that adds value). I'm working to earn STEEM by creating (and curating) unique valuable content.
Calculating weekly income
Here's the running tally, including my wife @MediKatie and our joint account @GirlsofGreen:
Week 01 - 0840 (+ ? ) STEEM (+n/a%)
Week 02 - 0848 (+ 8 ) STEEM (+0.95%)
Week 03 - 0862 (+14) STEEM (+1.65%)
Week 04 - 0868 (+ 6 ) STEEM (+0.70%)
Week 05 - 0876 (+ 8 ) STEEM (+0.92%)
Week 06 - 0888 (+12) STEEM (+1.37%)
Week 07 - 0914 (+26) STEEM (+2.93%)
Week 08 - 0929 (+15) STEEM (+1.64%)
Week 09 - 0936 (+ 7 ) STEEM (+0.75%)
Week 10 - 0953 (+17) STEEM (+1.82%)
Week 11 - 0960 (+ 7 ) STEEM (+0.73%)
Week 12 - 0966 (+ 6 ) STEEM (+0.63%)
Week 13 - 0973 (+ 7 ) STEEM (+0.72%)
Week 14 - 0980 (+ 7 ) STEEM (+0.72%)
Week 15 - 0986 (+ 6 ) STEEM (+0.61%)
Week 16 - 0991 (+ 5 ) STEEM (+0.51%)
Week 17 - 0996 (+ 5 ) STEEM (+0.50%)
Week 18 - 1032 (+36) STEEM (+3.61%)
Week 19 - 1040 (+ 8 ) STEEM (+0.78%)
Week 20 - 1045 (+ 5 ) STEEM (+0.48%)
Week 21 - 1051 (+ 6 ) STEEM (+0.57%)
Week 22 - 1059 ( +8 ) STEEM (+0.76%)
Week 23 - 1065 (+ 6 ) STEEM (+0.56%)
Week 24 - 1073 (+ 8 ) STEEM (+0.75%)
Week 25 - 1079 (+ 6 ) STEEM (+0.56%)
Week 26 - 1091 (+12) STEEM (+1.11%)
Week 27 - 1100 (+ 9 ) STEEM (+0.82%)
Week 28 - 1105 (+ 5 ) STEEM (+0.45%)
Week 29 - 1108 (+ 3 ) STEEM (+0.27%)
Week 30 - 1119 (+11) STEEM (+0.99%)
Week 31 - 1151 (+32) STEEM (+2.86%)
Week 32 - 1159 (+ 8 ) STEEM (+0.70%)
Week 33 - 1166 (+ 7 ) STEEM (+0.60%)
Week 34 - 1172 (+ 6 ) STEEM (+0.51%)
Week 35 - 1177 (+ 5 ) STEEM (+0.42%)
Week 36 - 1183 (+ 6 ) STEEM (+0.50%)
Week 37 - 1196 (+13) STEEM (+1.10%)
Week 38 - 1204 (+ 8 ) STEEM (+0.66%)
Week 39 - 1220 (+16) STEEM (+1.33%)
Week 40 - 1250 (+30) STEEM (+2.46%)
Week 41 - 1264 (+14) STEEM (+1.12%)
Week 42 - 1287 (+23) STEEM (+1.82%)
Week 43 - 1300 (+13) STEEM (+1.01%)
Week 44 - 1312 (+12) STEEM (+0.92%)
Week 45 - 1323 (+11) STEEM (+0.84%)
Week 46 - 1351 (+28) STEEM (+2.12%)
Week 47 - 1372 (+21) STEEM (+1.55%)
Week 48 - 1394 (+22) STEEM (+1.60%)
Week 49 - 1410 (+16) STEEM (+1.15%)
Week 50 - 1436 (+26) STEEM (+1.84%)
Week 51 - 1481 (+45) STEEM (+3.13%)
Week 52 - 1505 (+24) STEEM (+1.59%)
Week 53 - 1517 (+12) STEEM (+0.80%)
Week 54 - 1529 (+12) STEEM (+0.79%)
Week 55 - 1540 (+11) STEEM (+0.72%)
Week 56 - 1555 (+15) STEEM (+0.97%)
Week 57 - 1576 (+21) STEEM (+1.35%)
Week 58 - 1606 (+30) STEEM (+1.90%)
Week 59 - 1620 (+14) STEEM (+0.87%)
Week 60 - 1631 (+11) STEEM (+0.68%)
Week 61 - 1647 (+16) STEEM (+0.98%)
Week 62 - 1674 (+27) STEEM (+1.64%)
Week 63 - 1685 (+11) STEEM (+0.65%)
Week 64 - 1702 (+17) STEEM (+1.01%)
Week 65 - 1714 (+12) STEEM (+0.71%)
Week 66 - 1722 (+ 8 ) STEEM (+0.47%)
Week 67 - 1734 (+12) STEEM (+0.70%)
Week 68 - 1752 (+18) STEEM (+1.04%)
Week 69 - 1780 (+28) STEEM (+1.60%)
Week 70 - 1937 (157) STEEM (+8.82%)
Week 71 - 2080 (143) STEEM (+7.38%)
Week 72 - 2179 (+99) STEEM (+4.76%)
Week 73 - 2334 (155) STEEM (+7.11%)
Week 74 - 2368 (+34) STEEM (+1.46%)
Week 75 - 2379 (+11) STEEM (+0.46%)
Week 76 - 2424 (+45) STEEM (+1.89%)
Week 77 - 2479 (+55) STEEM (+2.27%)
Week 78 - 2501 (+22) STEEM (+0.89%)
Week 79 - 2517 (+16) STEEM (+0.64%)
Week 80 - 2535 (+18) STEEM (+0.72%)
Week 81 - 2555 (+20) STEEM (+0.79%)
Week 82 - 2567 (+12) STEEM (+0.47%)
Week 83 - 2580 (+13) STEEM (+0.51%)
Week 84 - 2616 (+36) STEEM (+1.40%)
Week 85 - 2692 (+76) STEEM (+2.91%)
Week 86 - 2746 (+54) STEEM (+2.01%)
Week 87 - 2830 (+84) STEEM (+3.06%)
Week 88 - 2840 (+10) STEEM (+0.35%)
Week 89 - 2851 (+11) STEEM (+0.39%)
Week 90 - 2867 (+16) STEEM (+0.56%)
Week 91 - 2900 (+33) STEEM (+1.15%)
Week 92 - 2935 (+35) STEEM (+1.21%)
Average weekly growth (last 10 weeks): +36.8 Steem (+1.36%)
We've had a couple stable weeks of growth over 1%, after a few weeks of really poor growth due to shedding team accounts and investing in some projects and tokens. MediKatie and I have both been putting out lots of quality content, and more-or-less being noticed by curators to some degree.
We're nearing 3000 STEEM! 2 years ago, we bought a few hundred STEEM (for almost $5000 USD), but the rest of the 3000 was earned, mostly through post rewards. It represents a lot of hard work and sacrifice, although the entire amount now totals only enough money for a few pizzas.
My reputation climbed to 67.4 this week, and I'm now the 1990th most reputable Steemian.
CANNA token
One of the tokens I've been accumulating bit-by-bit is the CANNA token (market here).
It currently is just an investment vehicle, and not in any other use (ie: as a currency, interacting with a bot service, etc). But one reason I'm interested is their strategy for incrementally building investment in the token. A large amount (at a set price) is put onto the market, and smaller orders/bids develop around that price point. Over time, investment demand (driven mainly by promotional posts here on the blockchain, from what I can tell) causes the glut of tokens to become sold to various holders. At that point the token creators put another glut on the market, but at a slightly higher price.
This strategy, so far at least, has worked, in that most tokens being sold right now are being sold at higher prices than they were about a month ago. The market is, so far, supporting this incremental increase strategy.
Of course, this is all very experimental (although I believe CANNA is following the lead of other tokens which have used a similar method). Who knows, the price could be walked up for a while longer, and then suddenly collapse back toward the original price, or even lower. It depends on where these tokens are ending up. If they're in "strong hands" (investors who plan to hold them long term, no matter what) then there is a floor to the price. But if they can be swayed into selling, for example if they see the price starting to drop and too many tokens on the market, those big holders could cause the whole price structure to tank.
That said, I'm only putting into it whatever I'm getting from other token ventures. I keep getting WEED and PAL and LEO, along with other free tokens, just for my various posts, comments, and other actions on the blockchain. Instead of letting them rot, or selling them for a couple STEEM, I'm just rolling them over into CANNA. I have 180 CANNA so far, and climbing.
This isn't a recommendation, but you may find it interesting to hear what other Steemians are doing with their tokens. If you're not sure what I'm even talking about, try logging into Steem Engine sometime. It's a website that stores and trades our tokens, which are part of the Steem blockchain ecosystem. They're not full cryptos that can be taken out to wallets, but they're real currencies that exist anywhere Steem does. I started one called PEACE, which has also been a very interesting currency experiment!
Happy Solstice :)
DRutter
The token thing is somewhat interesting. Even I have a small number of various tokens in my steem-engine account.
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