You are viewing a single comment's thread from:

RE: Can you live off Steemit ?

in #steemit7 years ago

It's a good side hustle but dangerous to depend on it as your sole source of income. Build your account if you don't need the money for an emergency and get your voting power as high as you can. The higher the value of Steem the harder it is going to be to grow. Or rather, while sbd remains close in price to steem it is harder to grow. Either way, you don't want all your eggs in one basket if you can't access your account for some reason.

Sort:  

Thanks Lizelle... "Or rather, while sbd remains close in price to steem it is harder to grow." dont understand this...can you explain further... are you saying that if SBD is much higher than steem then the bulk of people with take SBD and so getting Steem is easier? When the prices are similar people take 50/50 so harder?

Your post payout is shown in SBD but the payout is 50% in SBD and 50% of whatever steem power you could buy with SBD. The payout exchange rate is calculated at the average over three days to avoid huge fluctuations. So the higher SBD goes the more Steem Power you get for your SBD. Does that make sense?

If you take a 100% sp payout it is calculated as how much sp can you buy for the SBD payout amount.

I get it now... thanks for the explanation ... that makes sense