Dear Micro-Planktons like me with 8 cent articles : The Money is coming, and Here's Why you should KEEP ON STEEMING

10 months ago
60 in writing

I think so many of us go through phases of feeling like our labor here on Steemit just isn't paying off, and the whole thing is proving to be a big disappointment - at times anyways, huh?


                                 Image Source
My "real life" friend Brian @highimpactflix just posted his "Honest Ramblings of Temporary Disappointment" on this topic, and just days earlier @ziogo got a lot of encouragement and "sympathy upvotes" when he wrote about his last eight posts in a row all earning less than a nickel each

(Oh, he also earned 34 cents for that article.)

It's probably fair to say that we (almost) all know that feeling of having the air knocked right out of our chests that these guys are talking about of, don't we? You spend hours (or days?) on a great article, with sources, images, links - the whole works, man! ... and then you (I) spend another half-hour promoting

And then you spend the next few hours watching, waiting, watching waiting, refreshing, refreshing again, and again...

Just to see it make a total of 8 cents.


        self-portrait  JK! Image Source
You're reading this now because this "factor" isn't exactly breaking news to you, is it? 

And honestly, it kind of stings when someone's article that we think (in our own infinite wisdom) is a total piece of crap earns $1000 in like two hours, doesn't it?


   beware of jealousy monsters! Image Source

That $1500 "Introduce Yourself" post that wasn't yours? 

Grrrrr, jealousy! I know it well.

The "total newbie" who has a reputation score in the 50s by his or her second post (!) just because the right people at the top of our food chain upvoted them from Day 1? 


YUP this really grinds MY gears! Grrrrr, Jealousy!!! 

Now before I move on and get to the point, I do want to at least ask you to think about one thing for a moment, just for perspective... 

I want you to compare whatever level of disappointment you might feel at all of this - when YOUR (and my) precious hours of labor seem "all for naught" - to the guys and girls who have plopped $1,000, or $10,000, or more into buying Steem at $3 or $4 recently, just to see it plunge to 37 cents  ... 


  37 cents as of right now, and still falling  Image Source

Now THAT's disappointment! Just something to keep in mind, okay?

But getting down to brass tacks - this ISN'T one of those articles that wants to remind you how "great the community is here" or how "superior to other social networks the content is here, so it's worth it..." 

Those are true statements. They are a huge part of why Steemit will likely succeed long term in fact (with or without you) and cannot be overlooked. However, when you're in the depths of despair and ready to give up on investing your time and talent into this platform, they just feel like platitudes to most of us.

At least a lot of the time anyways, right?

Nope, this one's about making money. Facing facts it's a large part of what motivates us to "Keep on Steeming" and point blank is WHY WE'RE HERE to a large degree.

So let's deal with it.

I'm not going to be the guy to tell you "HOW TO" write better articles, improve your reputation, keep commenting, and get more followers. Google it (and use the word Steemit) - there's lots here already.

Point blank - the two reasons you should keep on Steeming (even at 8 cents an article) are :

#1)  The Example of Bitcoin
 and  
#2)  Steem/Steemit's Potential

#1) The example of Bitcoin : Just in way of a quick reminder to some, or as an introductory primer to others, it's important to keep in mind that much of the excitement about Steem is based upon the past performance of Bitcoin and other digital currencies in general. (Just always keep in the mind the well-known "financial services" disclaimer "Past performance is not an indicator of future results..." of course.)

Fact : "Laszlo Hanyecz, a Florida programmer, conducted what bitcoiners think of  as the first real-world bitcoin transaction, paying 10,000 bitcoins to  get two pizzas delivered from Papa John’s...

(He sent the bitcoins to a  volunteer in England, who then called in a credit card order  transatlantically.) A farmer in Massachusetts named David Forster began accepting bitcoins as payment for alpaca socks...."
- Image & Quote: Wired.com Nov 2001 - "The Rise and Fall of Bitcoin"

Let's just estimate that the pizzas were $10 each USD - (?) will update if anybody here knows) - so let's say that at that time, 5,000 Bitcoin equaled $10. That was late 2008, so about eight years ago. The trading price of Bitcoin has madly risen and fallen since then, but currently trades at around $600 REAL USD for one Bitcoin.

Those numbers to state the percentage in "increase in Bitcoins value" are so large as to be almost impossible to wrap our heads arounds (easier example coming below tho). But for illustration purposes here you go :

5,000 BTC = appx 10 USD, so 500 BTC = appx 1 USD
 
 Just drop a zero... following so far?

So take that original 500 BTC multiplied by $600 (BTC's current price) and you're basically saying that those Papa John's pizzas cost $300,000 each! How Papa John's has not grabbed onto that fact for marketing purposes is beyond me...

But back to the point, drop the zero again (because the pizza cost appx $10), and and you get 1 x 30,000. 

So it's actually fair to say that Bitcoin has increased in value by a factor of appx 30,000 since it's first recorded transaction in 2008.

Wow. So by analogy here...

IF Steem were to increase by 30,000x times from today 

(and it likely won't of course) but just for perspective ...

Every Steem dollar you now have would be worth $30,000, and your 8 cent article would become worth $2,400.


       Image Source
So friend, does that help motivate you a little bit already to keep posting those 8 cents articles, right along with me?

If that's just too unrealistic to believe, or the numbers are too big for you to see, let's move into the real world of something that REALLY HAPPENED with Bitcoin ... 

As I posted about 6 weeks ago, (when first trying to wrap MY head around Steemit's potential)  www.TheGuardian.com features an article where one man's $27 purchase of Bitcoin (that he forgot about!!!) had grown to $886,000 in just four years - from 2009 - 2013.

"Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009,  after discovering them during the course of writing a thesis on  encryption. He promptly forgot about them until widespread media  overage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory... 
“It said I had 5,000 bitcoins in there. Measuring that in today’s rates it’s about NOK5m ($886,000),” Koch told NRK...

"Koch exchanged one fifth of his 5,000 bitcoins, generating enough kroner  to buy an apartment in Toyen, one of the Norwegian capital’s wealthier  areas."
- Image & Quote : TheGuardian.com October 2013 "Man Buys $27 BTC ... Now Worth $886,000K"

While my numbers above were (perhaps sketchy) estimates, you now have a real-world, reported by major media, example to draw from for inspiration! Turning $27 into $886,000 is also a 30,000% GAIN!

AND note that Bitcoin sold for only $266 when this discovery was made and cashed in, so at appx $600 today, you can more than double those numbers, to see the seven year gain. 

So, are you convinced yet that 8 cents in Steem today could be worth something one day, and therefore "totally worth your time" to keep on Steeming yet? Because 8 cents today times just 50,000 (not even doubling the above) is still $4,000 in what (we'll call for today) your possible retirement fund

At least that's what I'm calling my Steemit accounts right now. Even upvoting and curating for micro-pennies at a time suddenly takes on a whole new meaning, doesn't it?

Ask yourself - would you be "okay" with things if every Steem Dollar you have today "ONLY" becomes worth $1000 a few years from now? And does it seem reasonable to you to hope for that now?

Because more than that is possible, y'know. Way more. Keep reading.

Before finishing this, I'm going to also recommend the excellent and well-received Steemit article from about just three weeks ago - ironically titled "You Should Forget About The Money on Steemit" (and image below) by @steemrollin -

also detailing how Steem Dollars could increase, comparing Steem/Steemit's potential future to Twitter, Google, and Facebook's humble beginnings, and how holding into Steem long-term is what we all need to do right now.

#2) Steem/Steemit's Potential: (Note that much of the rest of this post now draws upon my original arguments / posts from 5-6 weeks ago on SBD and the "possible future" of Steemit's long-term business plan - which I am of course NOT privvy too - and is now technically something of a repost from here. Article 1   Article 2)

Stating it succinctly I've speculated here already that Steemit will gain millions of users eventually, and could perhaps even introduce a "pay for membership model"

- NOT UNLIKE @fyrstikken has twice this week as well (others are seeing this too I guess, so maybe I'm not the only crazy visionary on board here!) Altho I believe it shouldn't happen until we are into the millions of users however, if ever...

Less succinctly, and quoting only myself:
"I’m extremely convinced that this platform will explode to millions of users within a couple of years, and then into tens of millions of users…  

"I’m actually arguing that in coming months the “demand” side of the  Supply & Demand equation will kick into overdrive - and then into  hyperdrive!

"...because I believe that many (millions of?) new users will continue to come primarily for the free blog offered by Steemit that is AD-FREE -  it’s a cheap (free now) web-hosting solution in many ways - one of the  primary reasons I am here in fact - empowering low-income people globally to have their voice heard, and 

"...so long as that offer stands,  the demand for the product will always exist. 

"My theory is that eventually it may “only” be free to sign up ... perhaps once the Beta stage is  complete, and they decide that they're "out of free money" to give  away, and are "only giving away" a free blog (beginning at some future  point anyways). 

"PART of the power of this platform is that within a couple of years  (?) every high school and college kid in China and Uzbekistan is likely  to have one of these accounts, and grandmothers everywhere are going to  be wondering why their “babies” aren’t posting on Facebook much  anymore.? 

"And with probable demand like I’m postulating here, should we really be all that worried about what the price is today, while still in Beta?

"Consider this possibility  : After they’re done giving it away for free - or even before - Steemit  could then possibly start (gasp!) charging  for certain functionality -  like hosting images ... Or,  Steemit could possibly introduce a small fee for hosting audio (mp3 files) for independent podcasters (like me)

(or)

"... like my high school friend who turned me on to Steemit) who want to upload videos FREE FROM the censorship of YouTube (I of course argued this before SteemQ was announced

- but now that it is a coming reality, my original arguments are strengthened at least ten-fold I believe.)

"SO JUST IMAGINE , if

"...at some perhaps even pre-planned point (Steemit, Inc) decided to charge only $1 for a membership (you know, “to avoid abuse” / “to protect the  community from spammers and anonymous criminals” / “to prove you’re not a  fake account by tying your Steem to your real bank account, so our users can “conveniently” bypass Bitcoin, Coinbase, Blocktrades,  etc")...? 

"And then just give you (maybe, maybe not) the equivalent of your sign up fee in Steem dollars? 

"What if they decide to make it a mere $1  monthly recurring? Or $10 annually? I’d pay it for sure!

Especially to get the perhaps upcoming "fully functional" version with bells, whistles, audio and video hosting, PLUS MAYBE EVEN (I'm dreaming here) the ability to CHOOSE YOUR OWN ADS and advertisers, if you can attract a marketable following...

"What an incredible value for simple unknown bloggers and podcasters who want AD-FREE sites!

"...But my larger  point is that ANY amount of income - especially, especially, especially -  recurring income (!) that Steem might be able to bring in in a year or five from now, will attract investors in a huge way, because the business model incorporates a proven stream of recurring income. 

"How about $29, or $49 - $99 (to sign up) depending on what you want - annually, if you’re  a business owner who wants a second account just for your business or  organization (complete with shopping cart) once this takes off in the real world? ... 

"My point is, there are so many ways that Steemit can eventually start  making money in real income, effectively almost 100% ensuring that the value of Steem Dollars has absolutely NO possibility of EVER crashing to $0, because it will always be pegged to a low. 

"Even if that low is only equivalent, at minimum, to the “price” of joining such a quality platform that is loaded with benefits, features, and most of all -  value. Bitcoin, Etherium, etc, (hypothetically) CAN crash to zero, because "all" they  offer is a cyber-currency.  

"I'm arguing that Steemit offer SO MUCH MORE, and will almost ALWAYS  have SOME inherent value, and therefore almost always be worth something. 

"STEEM dollars then - loosely speaking, and if and only if they always also have a blog (or more) attached to them - are actually more akin to (commodities like) wheat, oil, silver, gold, baseball cards or comic books, just for example(s), than they are like Bitcoins, or Wall Street Stocks for that matter."

========================

Folks this is now way more than I envisioned writing, but thanks for hanging with me this long!

I'm not a financial advisor or expert by any means, and wish to remain humbly open to correction below of any of my numbers, estimates, etc. Mainly tho, I hope that reasoning and perhaps rosey-posey optimism encourages many of my fellow minnows to KEEP ON STEEMING! 

Hopefully, I've offered you a fresh perspective on what today's 8 cent article is really worth.

I say your labors are NOT in vain -  because tomorrow ...?

Best,
Guy

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Sort Order:  trending
71
  ·  10 months ago

I am a krill

If I may, I'd like to support your argument with my own example as to how I transition from scum to Krill.
I currently have Four Posts from yesterday that are 'earning out'.
Ironically the one entitled Thoughts is now worth two cents.
Netsukuku is worth a penny.
CARBON is doing VERY (by my standards) at 39.93. A total surprise since I just banged it out when I was struck by a thought.
My real breadwinner (I hope) is the chapter a day serialization of my book TEOTWAWKI (An Original Novel - Chapter31 ) which is worth.....drum roll...Thirty Eight Cents.
sigh
HOWEVER
by nickels and dimes, by pennies and the occasional windfall. over the course of writing over a thousand posts and comments...I've managed to turn nothing, into

hold the presses. I just checked my wallet. I have an additional 35.350 STEEM and$7.674SBD to Power UP into STEEM Power.

I'm not bragging (well I am, a little bit. I'm tickled pink) this is proof that Steem Pays. I started with literaly nothing when I signed on. And see what I managed to do with the complementary amount that I was given at the door. Rather like hitting a jackpot with complementary betting money at a casino?

There's more
If all of the hundreds of votes, (overall, were to do exactly the same thing...then the micro-cent votes that I've received in the last month would be worth a LOT more). The lesson is that pondscum, krill, minnows and holy mackeral can help each other by helping themselves. We don't need on steenking whales (although they are definitely nice. ONE vote by BernieSanders is worth a LOT...but a LOT of pondscum votes add up too)

But Wait...the best is yet to come. Maybe.
Assume, as you said that Steem does the same thing that BitCoin did. Assume that the Dollar value of Steem increases to $600 us Dollars?

Check my math.(35.350+650.588+7.674) x 600 = $416,167.2
But WAIT! There's more. Steem is inflationary by design. It increases in volume by 10 % a year. Ten percent of $416,167.2 is $41,616.72 a year. I could definitely use that to supplement my Social Security income.

That's my strategy. That's my plan.
Retirement income.


hmmmm I did it again. I got carried away and made a comment post length. Which would be better (monetarily?) to leave this as a comment or turn it into a post?

One thing I didn't mention. Not only has all the nickels and dimes added up but they've also increased my vote power and curation reward. This comment would definitely be both (comment and curation).

Let's see what happens.

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60
  ·  10 months ago

Fantastic input! Yes I forgot about the inflationary value. Hey do both - leave the post here AND make your own article! And congrats, you deserved to brag a bit btw. I might too if this article keeps picking up - NOPE not gonna say it ;)

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60
  ·  10 months ago

And i didn't want to over-speculate, but with all the value attached to Steem and Steemit that I detailed - call me crazy - but it actually might increase more than Bitcoin. There i said it. I'm officially crazy now, not just optimistic.

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71
  ·  10 months ago

You forget the global monetary collapse that might possibly be starting any day now.
What are the implications for CryptoCurrency when that happens?

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60
  ·  10 months ago

Actually my podcast guest @conspi-theorist for this week that I just finished up with IS an economist who believes "the system" is doomed at this point, so I hoped would be able to touch on this question. But he said he wasn't very educated in crypto, so he said buy gold now. I personally think Crypto would be huge when centralized fiat fails tho, just my crypto-newbie view. But I did just sink $200 into BTC via coinbase, with the intent of converting it to Steem here, partly for this reason - to diversify now into something other than fiat that might be trade-able "when the ship hits the sand"...

58
  ·  10 months ago

Very interesting points of view that you're addressing here. Got my upvote - unfortunately, it won't bring much, for now ;)

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60
  ·  10 months ago

I'll take it, cherish it, and wait for the day when it's worth $1000!

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63
  ·  10 months ago

Me to!

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58
  ·  10 months ago

Let's hope for the best ;)

68
  ·  10 months ago

Great post man! You got my half-penny :D

I think that is $150 when steem hits bitcoin levels!

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60
  ·  10 months ago

I'll take it, cherish it, and wait for the day when it's worth $500! ;)

67
  ·  10 months ago

Great blog, the titanic image was funny.

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60
  ·  10 months ago

I can't take credit for it but I laughed too.

62
  ·  10 months ago

Normally I'm not one to give in to speculative flights of fancy, but I've got to admit, this was a fun post to read. Every now and then, mostly when I'm lying in bed waiting to fall asleep, I let my mind wander and dream of crypto going mainstream, Steemit becoming bigger than Facebook, and Bitcoin going to $2000. Hey, it could happen... I like to imagine the look on my boss' face if I were to walk out of work someday and say Hey, I'm not coming back, going to go home and start following my passion, writing for a living...

Ah, it's fun to dream. And with a little hard work, dreams can come true!

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60
  ·  10 months ago

I am TOTALLY dreaming the same dream as you cryptomancer! And working it a bit even, haha. Glad you enjoyed reading it, thanks for commenting.

60
  ·  10 months ago

This is a really, really uplifting and positive look at things to come. Upvoted and resteemed - congrats on being a winner today - hope you break a hundred with my resteem :)

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60
  ·  10 months ago

Thanks for the re-steem, it seems to have petered out. Glad you found the article as I was using your tag!

60
  ·  10 months ago

Very encouraging. Keep on Steemit....
Up voted and up voting my new blogs will be appreciated. Followed

https://steemit.com/jokes/@hanamana/joke-of-the-night-we-need-laugh-at-nights-too

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60
  ·  10 months ago

That joke was kind of lame but I liked some of your other recent content that I saw - okay this worked I followed! If you Facebook btw I am part of a new Steemit 101 group you might consider @hanamana as it looks like you really want to help newbies. Wish I'd found you six weeks ago in fact.

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60
  ·  10 months ago

Thanks for following me. i will check out your facebook group.

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60
  ·  10 months ago

Great, hope you join!

60
  ·  10 months ago

I agree that posting here is worth our time, but I would like to add that if it brings cents, one should try something new: topics, style of writing, image, real followers, steemsports, etc. Tomas Edison made 1000 attempts with his lamp but he tried something new each time! And I also think that after Amsterdam there should be some hardfork to increase a value of voice of ordinary user...Looking forward for it. let us hope it will happen somewhen.

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60
  ·  10 months ago

Even the term hardfork scares me, I'm such a newbie to crypto! But since you mentioned Amsterdam (I really, really shouldn't be announcing this here like this, but...) I'm known as something of an events organizer in - of all places - Roswell New Mexico. I've been a past paid organizer of the Roswell UFO Festival in fact. www.RoswellUFOfestival.com is still my domain. And I ummmm, just bought www.SteemTrek.com No idea exactly what to do with it, but there is this UFO Festival I know of coming July 1st weekend! Any Steemians want to crash it?

65
  ·  10 months ago

While it's quiet and cheap and there are less than 10,000 active users, the only thing I care about is followers. (Getting them and keeping them). Berwick has 3000+, so approx 1/3 of the active users follow him. If you can attract even 10% of that while the price is low and the site hasn't yet exploded, you're nicely positioned to catch that wave when a million noobs all sign up and start looking for content.

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60
  ·  10 months ago

I 100% agree Matt. And please feel free to post any advice or links here about how to "get and keep" followers that you've written or are aware of.

47
  ·  10 months ago

Thanks for a great blog. I have had the example of Bitcoin in the back of my mind when I look at the tiny amounts going into my wallet, but I hadn't done the math.

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60
  ·  10 months ago

Thank you for commenting and yup, it's the numbers and data that seem to help make our optimism about Steemit seem justified - time will tell tho ;)

64
  ·  10 months ago

Great post @ibringawareness. You just inspired me to keep going and invest into Steem for the long run.

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60
  ·  10 months ago

Well that's rewarding to hear. I kinda hope you mean investing time and effort ... I'd hate to have it said I inspired you into investing money you don't have tho. @ned may feel differently however, feel free to ask him, haha!

59
  ·  10 months ago

The best of steemit is here :
https://steemit.com/psychology/@shneakysquirrel/a-short-guide-to-happiness-a-reminder
Money does not make you happy.

59
  ·  10 months ago

Wonderfully encouraging post, Guy. Thank you! And it reminded me...
I could post stories on FB, my own blog, Reddit, wherever. There, I might get some likes and views - but all the acclaim in the world on those platforms would never translate to a single cent. Here, there's the potential for now - and as your article reminded me, even more for the future. Thank you for the perspective reset!

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60
  ·  10 months ago

I'm realy honored to learn that my words helped "reset" and encourage you Patina! Yeh, while we do get a sort of free service from the other companies, they of course get something out of it - whether mining our personal data to target ads to us, or selling our info to advertisers... The Steemit platform is sheer brilliance tho huh? I'm all in for now, so can only hope it takes off!

54
  ·  10 months ago

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56
  ·  10 months ago

Ok, everybody here would like to make money, but for that you have to be in good standing with some whales or be a great writer, as I have none of these attributes my biggest gain so far has been 0.08, but on the other hand I posted an article a couple of days ago and got 46 upvotes, no money mind you, just the votes, but that made me feel real good.

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60
  ·  10 months ago

You know even if it doesn't pay off huge long term, I still view it as 8 cents more than Facebook or MySpace ever gave me. But other than whales, I think we all stand a chance if we just do what we do, write what we know about and are passionate about and build a following organically as we go. One year from now YOU will be somebody else's whale @gduran
Thanks for sharing I know it's hard to stick with it when we don't see the financial return immediately. I'm trying to "bring awareness" to potential future we all share, just by learning of Steemit in the first place, while still in Beta.