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RE: Orca! + The Road to Steem Fest | The Thai Life and what to expect

in #roadtosteemfest6 years ago


A while ago, when Steem was worth about 21 cents, I had a look at an account that was worth $100K. This guy was writing a "meh" post (a couple of grades above shitposts) every day, self-voting, and making about $65 per post. I worked out that he was earning more by doing that than I make from renting out a flat that I bought for £73K in 2007 (it's now worth about £98K). And I see that as a good investment - I never have problems finding a good tenant, and I've never had missed rent.
It shows that even when Steem is very low, it can be a more lucrative investment, (although a much riskier one) than bricks and mortar. That alone should be pushing the Steem price up, if only the market had the rationality to see it!
Now, with rewards 50:50-ish, you don't even have to self-vote in order to make your investment pay. You can actually earn significant ROI from rewarding quality work.Re-curation, @exyle was saying something similar about 10 days ago. I need to seriously look into this (but already I'm getting distractions). I need to get focused. With your account worth about $10K this curation increase will make a big difference - with mine, a small difference.

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Now, with rewards 50:50-ish, you don't even have to self-vote in order to make your investment pay.

You make a good point. I have been self-voting from the start but am thinking about ditching it. I can use that VP elsewhere and gain as much or more if it's done wisely.

I stopped self-voting soon after joining Steemit, because I realised that my self-votes were worthless. But if your self-vote is worth a significant amount, it could be seen as a reward for your investment of time and money.