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RE: Steem Vs. Ripple: A Comparative Guide

in #steem6 years ago

Hi, I won't try for a full explanation (there are ppl far more qualified than me). I'm still quite new and there's a BIG learning curve assoc with Steem/Steemit, which I think is & will hold the platform back. First...once you convert to Steem Power, you're not locked in for 36 months. If you want out, it takes 13 weeks to "power down"...where you receive 13 weekly payments to completely get all your $$ back.

I'd start by reading the FAQs and any posts you can find on the subject of how money/transactions work. And try to stop thinking in USD when you see monetary amounts on here. Also, look at your own posts/comments to compare what you think you're earning as to what you actually do (after 7 days) - then try doing this with other people's posts too. That might help.

To promote, best option I've come across is MinnowBooster, but I think you have to pay in SBD, not SP - they at least give you a chance to break even, or make slight profit on your investment. And I wouldn't touch the other upvote bots - the winners are those running them. If you want to promote, make sure it's a quality post and think of it as advertising, where you're going for exposure, rather than trying to make money on the post.

Lastly, you have to be patient (just as I do). It's hard sometimes when you see others getting big payouts, but that will come once you've attracted an audience (of people actually interested in what you have to say - not just numbers for the sake of it). Anyway, good luck :)

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