I learned the term beermoney on reddit.
It is a bit of money you make on the side usually not enough to pay for all your living expenses but as the name may suggest to pay your beer.
source
It is fun and stressful at the same time if you make a living with things which are for the most people usually a side income as it is very hard or impossible to scale.
If we have a look around Steem for example I think it is save to say that for only a small number of users it is even possible to live of their efforts here. If the prices change it is a different story.
And this if is what I am betting on. If you can make beermoney on Steem now chances are you can make champagnemoney when prices increase. While I am down a lot in fiat and satoshi with my investment in Steem, it is one of the the few coins I actually use. I up and downvote, I send monsters to battle other monsters and I try to make at least one post a day.
While Steem might change how we use it in the future this is my current reality and every Steem I earn brings my average a bit down.
To add a bit more to my beermoney I am arbitraging one coin the last few weeks. Sometimes it pays a bit more sometimes less, depends on the volume. But this also adds up and is almost risk free and I could stack some ETH with it.
The next year will be very interesting especially for ETH holders. If staking goes live this will also be another revenue stream. The numbers I have read so far are 15-4% apr and it will depend how many people are staking. As I plan to hold my ETH for a long time I dont mind if it is only 4% as 4% are still much better than 0%.
With lending you could potentially make more but you are locked down while with staking you get rewards and hold your private keys which is soo much better imo.
ADA might also start staking in 2020, there is TEZOS already paying around 7% and so many more.
Returns in crypto are nice but only as long as the price is stable as the majority cant live on crypto yet without great inconvenience and so we still have to go into fiat if we want to spend some of that ROI.
But the potential downside has of course also the upside potential that the chosen asset is rising in price.
Beer money?? I can just about afford water on my crypto earnings... and water is free. Hahaha
Like you it's long term planning for me, and hoping price rise and stability lead to a prosperous future. I have fractions of ETH and haven't really looked in to all the new goings on. I concentrate on steem and a few others now. My portfolio of Alt coins has really been cut down as I can see most of them falling beside the way and only a few key cryptos making it. Hopefully STEEM will be 1 of them.
I sure hope so as well
Yeah holding alts was not fun since the bearmarket. Hopefully this will change
I'm holding on to every bit of beer money I can get my hands on lol who knows it may be worth a keg eventually or even better the entire factory. Crypto is still such a tiny asset class with money beeing swooshed around between projects so there's always room for arbitrage if you know how to play it. I think that as traditional assets hit the wall value will eventually move into crypto as people look for new avenues fro growth.
I just keep staking up on hope that one of my 12 alts players pays off
Same here. Spending and keeping the bear money in crypto as much as possible
Nice.... opening my eye's to something new. How do I get started in "beermoney?" Good to see you're still here puttin' it out. I've been over on steemhunt earning steem through commenting but still check in over here often, just less activity. I wonder what the value of those hunt tokens and others will be in the future? I suppose we all here now are still way ahead of the curve as most fiat currencies are doomed the way they're abusing them these days..... but who knows?!
Does it pay you better compared to the usual Steem efforts?
I now have quite the bag of different tokens I sure hope they continue to rise.
Actually yes for commenting. Looking at established bloggers who have a loyal following writing daily no.
maybe I should have a look again
I think so. I usually get 1 to 4 cent for a comment on steem. There I sometimes get 30 cents plus and on top of that I click the shuffle button and earn hunt tokens at the same time. Workin' for me brother.
$trdo
Congratulations @goldcoin, you successfuly trended the post shared by @flipstar!
@flipstar will receive 4.02894000 TRDO & @goldcoin will get 2.68596000 TRDO curation in 3 Days from Post Created Date!
"Call TRDO, Your Comment Worth Something!"
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site
thx
This post is upvoted by @dblog.supporter.
Visit https://dblog.io now! This is a tribe for all bloggers on Steem blockchain.
This post is upvoted by @dblogger with a high voting weight of DBLOG because this post is one of the most visited posts on dblog.io on 2019/12/3. Visit https://dblog.io now!
Your post link: https://dblog.io/beermoney/@flipstar/surving-on-beermoney
Congratulations @flipstar, your post successfully recieved 4.02894 TRDO from below listed TRENDO callers:
To view or trade TRDO go to steem-engine.com
Join TRDO Discord Channel or Join TRDO Web Site