Yesterday I finally reached 8000 Steem power and I will definitely have a !beer to celebrate once my fasting is over next week.
Now to be fair this is not all from blogging, part was also from investing into steem
And with another small dip on the horizon (I think) I hope to be accumulating a bit more. The mid term target is to reach 10000 Steem power. That is a true magical number
That will still make me a dolphin and a long way to reach Orka but on the other hand that puts me strongly in the top 1500 of all steem accounts out there. Currently I am ranked on the spot 1686 for SP holders.
I guess after that the next goal would be to reach the top 1000 which is currently set at around 15000 SP.
The end goal is to create some added passive income. Steem delegations return max 18% and now even 20% with the announcement from @steemhunt
So if Steem goes back to its all time high of 6 usd that means even without blogging
10000 x 6 = 60000 x18% = 10800 USD per year or 900 per month
15000 x 6 = 90000 x 18% = 16200 USD per year or 1350 per month
Now dare to dream a little and make that Steem price 60
500 x 60 = 30000 x 18% = 5400 per year or 450 per month
10000 x 60 = 600000 x18% = 108000 USD per year or 9000 per month
15000 x 60 = 900000 x 18% = 162000 USD per year or 13500 per month
These are starting to look like wages in some countries, sadly not in Switzerland (only if I dream) but for someone in the 3rd world these are life changing amounts. Even a Minnow in this dream of mine is making a nice extra every month.
That is assuming I am taking everything out to live off and I am not blogging or participating in some other way like playing @steemmonsters or @steemhunt or whatever other novel way people come up with to earn more Steem.
In my opinion this is a careful estimate since the overall crypto market seems on the verge of waking up out of its winter slumber. We might indeed experience another dip but all in all there seems to be more activity.
And Steem is in my opinion heavily undervalued and a lot has to do with people preferring the one scoop of ice cream now as compared to the entire box of ice cream later.
As Rudyard Kipling wrote in his famous poem If:
“If you can keep your head when all about you,
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too…
Yours is the Earth and everything that’s in it.”