RE: Question for Steem experts........
I am not an expert but I do like to share my opinion.
well from what you have provided and my level of maths, your goal is to make around $150 of steem a day. and that of your $200 goal, $50 would go back into the steem power.
and so the next problem, how would I make around $150 dollars a day? of steem, that is?
well, you would have to make some really awesome content, at least once every 3 days, which would allow for the payout of around, 12-14 steem dollars. so if the exchange rate is increasing then the SBD would be able to buy more steem, so less would be needed in order to make that roughly 12-14 dollar a day goal.
I say this goal as the payout per post takes a week for you to claim your reward.
so ill let you decide how much you should post a day.
as it is an inverse ratio of the quality/quantity sort of thing, if you can find a good equilibrium, you can make quality content in a quantity that would allow you to reach your yearly goal.
Although I am no financial adviser, there is one common rule of "money making/investing" is to diversify in order to not rely on one thing and to mitigate risk such as the stability of the currency.
or something like that.
I hope that this helps!
thank you for your time and I hope you have a good one!
How would 12 to 14 sp every 3 days end up being 40 or 50kper year or 150 to 200 usd every day. Not saying your wrong. Just wondering what I'm missing.. thanks for responding to him, I'm sure you answer is closer than mine. I just am wondering what variables I'm missing!
I was wondering the same
def appreciate everyone's input.
it has to do with the strength of the steem crypto coin, it is a random variable as market movements are ambiguous to say the least. it seems to be that the coin is getting stronger, so again that is just my guess. as the price moves up and down every day.
money adds up even if it is little by little. as you should know that SBD is not the same amount of "value" as USD or Steem. their values fluctuate, so it depends on the market's opinion so to say on what amount he will have to make a day.
so to sum things up.
currencies, their value fluctuates dependent on the market value at the time, since i am not sure what the price will be from one week to the next it would be difficult to give too exact an answer on how much he would need to make
i hope this helps and would be glad to further explain my reasoning. i get distracted when i write a lot so i can clarify on what is not understood at the best of my ability, it is really just my guess based on some "broad paintstrokes" so to say, if that makes sense.
i thank you for your time and i hope that you have a good one.
I understand market fluctuation- I have a BS in Finance and was in the Financial services business for 7 years. I completely understand that ctypto values will go up and down but for this scenario I included the assumption of 25% appreciation in steem/ year. I was looking for a reasonable equation/ solution as opposed to a comprehensive explanation as to how markets work.
google? then, there is probably formulas somewhere you can use to help make yours. fiddle around with the numbers, do some work, post ya results for others!