My Steem blockchain financial story and 1.5 years of income data
Welcome to the 78th weekly installment of my series on Steem income and growth!
Income on the Steem 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). All my crypto holdings are in the STEEM currency. Now I'm working to earn more, by uploading unique valuable content to the blockchain.
Calculating weekly income
Considering income from accounts that I own, that my wife @MediKatie owns, and group projects using our funds (currently @greatesteem, @hempy, @girlsofgreen, @sativazeee, & @vantocan), here's the running tally:
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%)
Average weekly growth (last 10 weeks): +74.9 Steem (+3.66%)
It wasn't an amazing week for payouts, because my 3Speak income has dropped off, and because of the HF21 effects.
If my team's funds were in a single account, it would be the 4190th richest. We've been moving up at least 50 positions per week, but now we're just holding ground against the rest of the pack.
HF21 effects
My curation awards are up, thanks to HF21. I was making about 2 STEEM per week via curation, and I'm now making almost 4 STEEM. And that makes sense, since curation awards supposedly nearly doubled for most users.
But my creation awards are down, significantly. As my data above shows, I've been making 50+ STEEM per week lately. It's hard to tell this early on what that will drop to, but it appears a new average income of 20 STEEM per week is likely.
So I'm down 30 STEEM from content creation, and up 2 STEEM from curation, a net loss of 28 per week - roughly half my income. Accounts with less money than I have (all but 4190 of them) lost closer to two thirds their income. I'll continue to keep these data, and watch how HF21's effects play out over time. The free downvotes are having some positive effects, and the ecosystem is still adjusting, so final judgments aren't possible yet.
My Steem financial story
- August 2017 joined
- December 2017 started full time content creation and curation
- February 2018 got my wife and associated modeling team to join
- March 2018 bought ~$5000 USD worth of STEEM to power up our accounts, began keeping these data
Now September 2019, it has been over 1.5 years since I invested all my crypto holdings in the Steem blockchain. We have also worked full time for nearly 2 years. All combined, our total is 2501 STEEM, aka "half a dolphin", current value $400 USD.
It was a lot easier to make it on Steem 2 years ago than it is today. Anyone trying to do it now should look at my story and realize, mathematically, it's probably somewhere around an order of magnitude more difficult now. Content-creators without lots of money to invest are no longer welcome on Steem and I think that's a really bad long term strategy. We haven't grown as a blockchain since early 2017, before I even got here. Everything I have done here has been pouring effort into a collapsing echo chamber.
Of course, that can change. And I really, really hope it does.
DRutter
Can't believe you've been doing this since August 2017...those were some crazy times! Upvoted and resteemed.
I been doing this since July 2016! OMG I'm scared! upvoted!
Oh.... I see you have a new admirer called "maykolcontreras"....
Looks like a total spammer and abuser of the Steem reward pool. Garbage posts, bidbots, nonsense comments. Another turd for the toilet bowl of the internet! Flush him!!
Is that the real Slim @sativazeee? If so hiya. You seem to have found a different voice. If not it's kind of weird using her account.
My advice is to not focus on the price of STEEM in fiat, today, but how many STEEM one amasses. This lesson was learned watching BTC climb from $36CAD in my early crypto days to $1500CAD in 2015.
One great quote from a great post of @tarazkp :
Full post : https://steemit.com/steem/@tarazkp/social-steem-capital-and-transactions-of-relationship
This is not meant as financial advice but the opinion of a HODLer who mistakenly sold one BTC when caught in the unexpected spike of 2015. That has been my only crypto to fiat trade ever.
Well I am not investing at all, though I do follow the numbers, and have a knack for seeing patterns long before most catch on to them. And I learned the lesson of nominal gains over anticipated values back in 2008 when I got into the precious metals community. "Hodl" is just a recent take on the old stacker philosophy. If you're trying to accumulate something, don't worry about its value, worry about its weight.
That said, if you never worry about its value, you will find yourself buying at bad times. Best to buy cheap if possible, which is why I do find it important to follow these data and trends.