The Old Dog Explains: Perceived Payouts Verses Reality. Is This Steemit's Golden Age?
When watching the value of your post at payout there is a lot more to it than meets the eye. Let me explain using an example from a few hours ago.
In this first screenshot you can see that my post "produced" what is described as $67.19 and it payed to me what is described as $58.57. But is this really the case? No! As we shall see!
In this second screen shot we see that this so called $58.57 was payed out with 29.285 SBD's and 14.647 of Steem Power. Remember that Steem Power and Steem both have the same value.
Now Watch How This So-Called $58.57 is Worth WAY More!
Checking coinmarketcap.com we see that at the time of this posting one SBD has a value of $12.55 and so the 29.285 SBD that I received are actually worth $367.52!
Again using coinmarketcap.com we can see that Steem or it's sister Steem Power is worth $2.58. I was payed out 14.647 Steem Power which has a value of $37.789
The Perceived $58.57 is Actually a Whopping $405.41
Is This Steemit's Golden Age?
With a pay out of $405.41 I would argue yes! That my friends is a LOT of money and we are definitely in a Golden age when it comes to this platform. Keep in mind that crypto though is the wild, wild west and so what is the price today may not be the price tomorrow. I have been either using the internal market to trade my SBD's for Steem and then Powering it up or using it to buy my other favorite token Bitshares!
A Word to The Wise!
I've been here a long time in terms of Steemit. I've seen Steem at $4.00 and Steem at 8 cents! When the price was low many belly ached and quit or took a hiatus. Some, including me, just kept on blogging and stacking Steem. Ride out the waves and keep going! Even if your post seems to pay much less than others keep digging, keep blogging, keep improving, keep helping others and most of all keep having fun!
What do You Think?
- Is this a Golden Age for Steemit?
- Are you surprised at the REAL value of your post?
- Are you prepared to ride out the price swings?
- What do you think that the future holds for the Steem?
I hope that you enjoyed this article about "Percieved Payouts Verses Reality. Is This Steemit's Golden Age?"
Until next time,
@kus-knee (The Old Dog)
Now, if only I could get some payouts over 21 cents...
Check out your latest post! @dawg-boy! Love your username by the way!
Thanks! I read your stuff a lot as it is well written and makes sense.
Be patient, it takes a awhile. I looked at a post I did over a year ago that I poured my heart and soul into... it made $0.08! Just keep putting out quality posts and before you know it...
:-) gonna follow you. Been there 👍🏾
This is just the start , much more to come with the pricing that’s going to rise next year . I love being part of a growing paltform
An excellent piece @kus-knee!
I was just asked a question relating to this very topic yesterday... This specific part of the answer is very well explained here, I love it!
Since I have been understanding these facts for a while by now, I have been using a lot of the liquidity found in the SBD to invest everything right back into cryptocurrencies, the one that is the main reason behind the rise of Steemit, Bitshares. Thus, as you explain so eloquently the returns have been multiplying very seriously. depending on how Steem and the SBD are going to perform over the next little while I may very well reinvest into the Steem itself.
You ask if we think that we are heading toward the Golden Age of Steem, I think it is only the beginning! Because of the inherent potency of this cryptocurrency and its platform, we are seeing the birth of another giant of cryptocurrency!
All for one and one for all! Namaste :)
Yes, listening to @exyle's latest vlog today had me thinking about the superiority of Graphene projects. Still he is thinking and I am as well that it can be good good to take some profits.
That's why I think some trade might be done in appropriate timing, such as these. ;) Namaste :)
yeah...its a good time for old ones who are working very hard here from a year..(early birds gets the worm)
Keep plugging away my friend. I believe in you! These are still very early days. SMT's launch in 2018 then just watch!
What are SMD's and why are they important. Have you written anything about them?
I should have written SMT's Smart Media Tokens. To learn more your best bet would be to watch @ned's opening lecture at Steemfest 2. They are all up on YouTube or just read @ned's last few blog posts.
Thank you!
Thanx for the encouragement......
My family has been hitting it out of the park over the last few weeks because of this.
I'm so happy for you, you certainly deserve it and it will help with your new arrival!
Hey @hilarski you are featured on our latest Steemcard which is already done but will be posted today or tomorrow. I sent you a message in steemit.chat but I guess that you're not on there too often!
the sbd to steem ratio makes no sense to me at this point. if someone has a good explanation I will be thankful to hear that.
Why someone is buying sbd for 12 dollars when it should be worth around 1 dollar? I thought the ecosystem of steem would auto corrext this
It's a good period, I hope it will last so we can even think to "steeming" as a job.... But who knows what's next?
Yes who knows!
Due to my deep interest in reward system and SBD/Steem prices and conversion, I knew you were going to astonish a lot of people. Right now, my full vote is worth $0.65 at 100 % VP. But as you have shown, the USD value of my vote is way more than meets the eye. It's final worth right now would be $5-6 at current prices if price doesn't change when paid out.
Thank you for telling people how golden this time and opportunity is!
It's great to have you here on this platform and you are doing an excellent job!
A very useful and interesting post.
Very good points Old Dog