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RE: Missed the Bitcoin Bottom? This Might Be Your Second Chance to Buy Cheap

in #threespeak7 years ago

I am getting large rewards, which I'm very grateful for, but I'm also putting a ton of effort into creating regular content. Daily video content takes a lot of work. And as mentioned - I've helped support the platform plenty - I have videos on YouTube telling people why I love Steemit that have more than 20,000 views. 50% of the rewards go to curators, so it's more like $25-30 going to me.

Content creation is what I do for a living. I wish I could sit on all the crypto I ever earn, but unfortunately I have living costs to fund (and taxes to pay on earnings - so I'm legally required to sell 20% of what I earn).

If a social media platform wants people contributing regular content, then that has to be funded somehow. No different to the miners that need to be funded on Bitcoin.

I think it's dangerous to start policing what people do with their rewards. You never know what people's intentions are. I might have a bunch of money sitting on the sidelines ready to invest in Steem when I feel it's bottomed against BTC. As a "savvy crypto investor", it makes sense to hold onto BTC while Alts are in a bear market in satoshi terms, and sell BTC for alts like Steem in a confirmed altcoin season.

If supporting steem means feeling compelled to hold onto an asset that's lost 90% of its value, then it's doomed to fail. Steem should succeed regardless of the actions of individuals and what they decide to do with the rewards they earn. Again - I feel the same with Bitcoin and Ethereum and their miners too - nobody should ever feel guilty for selling. They're providing liquidity for those who want to buy.

You have given me food for thought though about how my actions are perceived on this platform - thank you :)

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You're welcome. Thanks for clarifying your position.

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