You are viewing a single comment's thread from:

RE: Are the whales losing out?

in #steemit8 years ago (edited)

The reason these whales are losing out is because they are choosing to. It's not because the system is bad for whales. As long as they are active authors and curators at least . These whales either never post anything or rarely do. If you look at blocktrades posts this account made fucking HUGE profit when ever it posted. Averaging what $500-$3000 usd per post? blovktrades also seems to curate more than the other whales as well.

It is interesting to see how you pointed out that inactive whales will lose money. It just seems to me all they have to do is write more posts and curate to profit instead of being squeezed dry while inactive.

Sort:  

well a couple of things about the 500-3000 range. First that was when steem was worth 10 times more so that is 50-300 in today's money and secondly to me or you that is a lot and would make great ROI for us but for @blocktrades account a $300 post every week would only add 1.7% to his ROI, and even for someone with his SP $300 would require a quality post

Ah of course the value has gone down a shitload. I wasn't around then so I forgot to factor that in. Steem worth that much sounds like a fairy tale.

a nightmare for me, first hear of steemit then and put in $1000 which quickly turned into < $100. Still happy with the idea of the investment only crypto project I've seen with mainstream adoption potential

Coin Marketplace

STEEM 0.21
TRX 0.20
JST 0.035
BTC 91178.33
ETH 3192.43
USDT 1.00
SBD 2.96