I honestly don't care how accurate or inaccurate his predictions are. He's being paid at a rate of $600,000/year. I don't know any bloggers who get paid that much.
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I honestly don't care how accurate or inaccurate his predictions are. He's being paid at a rate of $600,000/year. I don't know any bloggers who get paid that much.
Honest question, how do you know he gets paid $600k per year? And what is he getting paid $600k per year for? Blogging? I'm pretty new to all of this, but going back to his youtube videos from 2-3 months ago, a lot of his target predictions have been very close to being on the money, some of them having gone higher than predicted.
I guess my real question is, why does the amount of money he gets paid affect any of the info he puts out? I feel like if I had put money into his predictions in November, I could have cleared high six figures by now. And I just can't see anything wrong with that!
It's all about price discovery and fair market value. If his predictions are so accurate, and I'm not disputing if they are or not, then he shouldn't have any need for this platform to pay him anything. He's set. So it's a waste of money.
If he's being paid for a job well done, then there is a price and investors should be able to control that price.
Check out how much his pending payouts are:
https://steemviz.com/pendingpayouts
Type in his name and check it out. He gets 441 SBD per post right now. That's $2600 USD per post. He's posting at a rate of 10 times a day. That's $26000 USD per day, or $9 million/year. I quoted $600k per year because nobody would belive the real numbers. It's out of control.
Oh, I see, you meant the money he gets paid through Steem for his content!
I was thinking the same thing after watching through some of his videos, wondering why he posts so much when he should already be making a killing just by focusing purely on crypto investing. The dude definitely has a knack it seems, because his target predictions are uncannily on point. If he's been putting his own money into the coins he's been predicting, he should be rolling in it.
My early assessment is that haejin is just a grinder (hard worker) by nature and just loves doing what he does. I'm going to guess that he is pretty well off already, and getting paid on Steemit and receiving all the adulation is just icing on his cake.
And to be honest, I never really believed that someone could make so much through Steemit! I check his payouts and you're right, that is crazy! When I first found out about Steemit, I had visions of something like that being possible, but couldn't imagine how much work it would take to make it worthwhile. At the very least, now I see that it really is possible!
One last thing, when you say " he shouldn't have any need for this platform to pay him anything. He's set. So it's a waste of money."
What's the waste of money you're talking about, you mean it going to him since he already has so much? I can empathize with that, but if he's pumping out good content constantly, its hard to fault him. And if he's helping others attain wealth at the same time, I really find it hard to fault him!
Is your concern that the content isn't strong enough, or that he's spamming to make a bunch of cash he doesn't (or shouldn't) need? I don't mean to dig so much, just trying to understand your perspective since it feels like there's some validity there.
I'm saying, I don't see why I'm paying 11% of my stake to him.
Because you could make a 100%+ more by following some of his leads. Keep it cool. This is what this platform is for.
It is for that and more though. Not just that.
Even if he is the best trader in the world, who puts together the best charts and spoon feeds it to morons on the beach, without computers . . . in the rain.
It is too much for this economy, at this time.
If he requires that much money for his efforts, perhaps those who are interested should just tip him.
It is an awkward situation, because he is so talented, not because he isn't just awesome with awesomeness on top.
He's not pointing the gun at anyone, right? If he gets credit it's because there are months and months of predictions to consult. Value is value.
Where is that money coming from? Because the content is free. My upvotes give a penny but none of it is coming from me so thin air? I dont get how steemit works
Investors buy STEEM. That's where the money comes from. They're investing as a speculation on future performance.