RE: The Armchair Economics of @randowhale
I posted about this a bit over a week ago, along with a bunch of examples. It's really not worth doing it for posts with very little payouts, which ironically helps it become more "self-regulating".
Link: The "SECRET" to properly summoning randowhale and Whaleshares to MAXIMIZE your ROI!
If you write a post that gets some "viral" attention on STEEMIT (as you wrote, lots of votes and $40+ payouts), though I'd say even that may be borderline on the low side, but at least still likely profitable, those are the posts worth considering for a randowhale or Whaleshares vote.
For example, @razvanelulmarin's post "The Trading Dojo #1" featuring you would be perfect, and even this post looks like it may catch enough traction to be worthwhile as well!
Of course, some of this is likely to change over the next few days with HF19 on Tuesday, so at least a "slight" reevaluation will likely be in order.
Brilliant post, I think you covered your statements really well with the examples. With more and more people joining it's going to get tougher for people to get their foot in the door, I think something like randowhale combined with genuine comments to others in your field of posting could give a benefit above and beyond just the financial bet.
For instance a post with just a few dollars payout is probably significantly more exposed than one with a few cents.
With the HF coming, I think everything will change and it will be closer to an actuarially fair bet quantitatively. However when considering the qualitative affects such as more exposure - the actual result may be far more difficult to predict.
Thanks for your comment :)
Also, great to bump into another trader :D
figured you'd catch that, so didn't bother mentioning it! must be a "trader thing"! lol
Regarding the exposure bit, while there's a slight chance for more visibility, I really haven't found much evidence to support that assertion. In fact, if you check out a few of @vinnu's recent posts, he tried rando on some very low payout posts (< 5 bucks), and it really didn't have much of an effect at all. Of course, one only got a 1% randowhale payout, but on a $100+ post, it may have still turned out okay.
Perhaps a better way of looking at it from a trader's perspective, momentum begets momentum, and once you "catch a bid", the whale vote bumps it up even more, and any additional momentum might really send it parabolic! Well, something like that, at least! lol
As for gaining traction, I still find (as you also said) genuine comments and positive interaction with others on STEEMIT may be a newbie's most powerful tool, achievable by anyone willing to put in the time and effort.
You're post was awesome :)
Thank you @stackin, glad you found our posts helpful! :)
Let's see if HF19 changes it :)