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RE: making money online

in LeoFinance2 years ago

No, very little seems to have changed... and the old metric that 1% of the people "trying" will make (significant) money and 99% will not still holds.

I made my first "online money" writing product reviews for a site called Epinions, back in 1999... the first I know of to implement a revenue sharing model. Whereas there were a few people making $10K or more a month, most of us were thrilled to get maybe $200 a month or so. As with most opportunities, the vast majority would make a few dollars for hours of work.

I like Hive because I enjoy blogging more than my expectations of a reward. And I like the forced "savings account" in the form of Hive power... but I'm certainly not harboring delusions that this is a job! Maybe if Hive went to $25 it would bemore likely... but then there would be 25x more people competing for the pool, so it would probably end close to the same.

Meanwhile, I do make most of my living online, partially via eBay (since 1998) and partially as a contract book editor. It's not going to make me rich, but at least I get by... on my own terms.

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Maybe if Hive went to $25 it would bemore likely... but then there would be 25x more people competing for the pool, so it would probably end close to the same

Considering my personal experience of 2017 and 2018 I can say that it would take multiple years for those new users to compete with our community standing, reputations, and social network. Also at $25 I have a $200 upvote and make $1000 a day just from curation. Plus my blog I'd easily make a million dollars in one year. That's like international news status considering our standing in developing nations. 9 billion dollar market cap we wouldn't even be close to top 10.

Although I find most of your posts valuable, I don't think it's realistic that you would make $1M per year and that's why hive will more likely go to $0.025 than to $25. Rewards adjustment in real life doesn't work as on blockchain