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RE: I just turned my account from a minnow into an Orca... What now?

in #newsteem5 years ago

Wow! What insight! What a well thought out investment. So happy for you brother! I really think you put yourself in an excellent position here in steemit world! I would say one of the biggest benefits on your list would be.....

"Earning steem while waiting for price action is great"

I totally agree with that. For me my risk appetite is around 10,000 steem held in SP and when it gets closer to 11,000 (from earnings) I'Il cash out 1,000 steem into bitcoin or cash at whatever the price of steem is, as a hegde against it going to zero while still holding that 10k to keep me well invested if the price rallies.

Curious to know if you plan to just keep powering up your earnings or pull from your earnings for monthly living expenses or other kinds of investment diversification. As I believe with your quality content combined with your large SP, you could be making enough steem even at 16 cents to possibly live on. Not a bad investment at all if that is the case, and makes me consider doing the same. Heck, look at how much this post earned you. Not too shabby! Especially at 16 cent steem.

Well done my friend,

Very happy for you!

From Playa del Carmen Mexico,

-Dan

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As of right now, there's going to observe how high my curation reward is going to be together with how much on average I am going to make on my articles. My articles are going to be bigger but fewer because that is more fun for me and SO FAR it seems to actually pay off, no doubt. My last two articles really hit the nail as you see and just from those two alone I can see I am to already get around 400 steem/SP.(yes, that is after reducing 50% since that is what I will receive).

Right now, I don't feel like selling any steem because I don't need the money and I rather just stack it up until steem at least doubles in price from here. I might start pulling out 50% of what I earn when I am reaching over 50k SP but it really depends on how the market is going to be. If it is in an uptrend it would probably not be wise.

Enjoy Mexico my friend!