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RE: Investing long-term with Steem: Time as an overlooked parameter
Wow. You really put it in perspective. I appreciate this article and all the information regarding the investment and benefit/cost. I want to invest in steem. A month ago, I had 3 steem power. Now I have 21 steem power. Literally grow each day.
How much do you think I should invest to gain 1 steem power a day.?
In theory you can make over 1 steem power per day without investing a cent by putting some time writing or commenting. Here's is 3% of your daily quota (0.03 - my upvote to your comment).
Thank you very much.
I know that if I post and write I can make 1 steem a day, but how much steempower would it take to gain 1 steem a day without curation or author rewards? By doing nothing is what I am asking.
In theory it should be around 400 SP investment to get +360SP (~90%) as annual interest (which is ~1SP per day)
I appreciate your answer, THANK YOU SO MUCH. I will be following your blog for a very long time @alexgr
You have literally made my night. :D
Nice explanation. I am following you.
But it is growing more like 200-300% in the first year to distribute coins. See this post. The benefits to Steem are much higher this year than in he future
https://steemit.com/steemit/@jl777/how-to-have-your-cake-and-eat-it-to-or-how-you-can-have-your-sp-increase-even-while-you-are-powering-down#@dennygalindo/re-jl777-how-to-have-your-cake-and-eat-it-to-or-how-you-can-have-your-sp-increase-even-while-you-are-powering-down-20160805t124308944z
That's why I'm saying "in theory". Because the initial percentage is somewhat variable and larger.