Let's face it. Nobody ever made it to "whale status" just by blogging on steem. As a matter of fact I don't even know if anyone made it to orca status either. Note that Steem is almost 4 years old and that long before the glorious bull-run of 2017/18, when just a handful of people used to be around it was much easier to be noticed, or at least, those who did get noticed had a brilliant chance to build their accounts really fast.
And before you crucify me, remember...
...that while the value of steem one would earn was pretty much the same, there was no SBD debt...so the smart ones, those who didn't convert their sbd's to Steem straight away but were patient enough to hold it, had a perfect chance to trade it for 5/1 or even 6/1. But all these...belong to the past, and the truth is that not many of that old guard is still around. Either because the price fell like a rock, or because they kept cashing out thinking that the golden goose will provide golden eggs everyday...
It didn't...
But the main reason I am writing these lines isn't to highlight the fact that "we are the good guys while they aren't"...but to make those who have really high expectations regarding the future price of Steem to realize that unless they live in a country were even 1 Steem at 15 cents is enough to make a difference, they will never end up being millionaires just because they hold 5K or 10K or even 30K Steem tokens. Assuming Steem hits 10$ and you hold 20K Steem (just like myself) that makes my account worth 200K$ right? But they are vested...which means that in order to enjoy the fruits of my efforts (and in my case of my investment too) I need to power down some of my stake.
Let's say I power down a 1/3 of it and by some miracle the price of Steem remains at the 10$ levels. That means I can cash out 66K $ which is a really good amount to start a new business, buy yourself 1/5 of an appartment and such but in no case the amount were one will be financially independent...
Besides, cashing out some of your earnings and make your life a bit easier is actually the essence of what we all are trying to achieve, isn't it?
It made sense to cash out a portion of your stake back then...while doing the same thing now with the price of Steem sitting at 0.15$ is insanity...
It would be a whole different story if Steem happened to reach 100$. Then yeah...even a 20K SP holder could potentially be a future millionaire. But it might take years...I mean a looooot of years to get there.
Do you understand now why you need to be active? Because you have a chance to be noticed...because if you DO get noticed you might reach that 20K SP mark and then aim higher and higher...Do you also understand that it is NOT enough and that you also need to take advantage of the low price and invest in this project if you have as much faith as I think you have before price starts going up?
I know what you are thinking right now....All those happy whales you see around with that hold hundreds of thousands and some of them millions of Steem tokens, right? Well, they have definitely put their money where their mouth is dear friend...
You dream of financial freedom? Good...it won't be easy...it won't be cheap...and it might take a lot longer than you thought it will. Oh, it might also drive you crazy in the meantime, but when / if we ever get there...you'll remember these days and you'll be proud of yourself and the choices you've made...
Quit now and you won't have that shot either...Seems like the 9 - 5 job suits you fine...
Food for thought...Have a great one people...
Cheers.
Thanks to bots I thought I was doing OK but now those are illegal and I'm under censorship on Steemit. Does 6,000 Leo qualify me as a whale on Steemleo if I ever power all of it up?
Thanks to bots? Nah that was an illusion.
I think that you might be considered a whale with this amount. But “whale” is just a status. You need to be active there...
I think the bots did help me. I was normally getting a positive ROI with them.
I wouldn’t be so sure about that. Maybe the days of 30% ROI are gone, but given (currently available) delegation earnings and posting with 50/50 payouts (or using a service like @likwid to get mostly liquid rewards for posts) and (in the future) earnings from RC leasing, earning something like 10% ROI on Steem Power is and will be quite possible.
So with Steem at $10, that would be a $20,000 per year income stream, without powering down. In America, roughly the equivalent of a minimum wage job by itself, or a good supplemental income stream for someone who’s got another source of income. Without powering down.
Still, not what most people think of or expect, ( that they’ll turn themselves into millionaires) but at least it would be possible to have some decent returns
GREAT!!!
Reading this post is really like eating nutritious rations until I am motivated to follow it. I realize that without our activity in Steem we are nothing and nothing.
Thank you for motivating. I am sure there are many new Steemians who need this wise advice.
Thank you @mindtrap
Warm regard from Indonesia
Even if one person was motivated after reading this lines then this post fulfilled its purpose
Thanks for stopping by my friend!
So many steemian include me want have guidance in this platform. And after HF 21 many change appear and we need motivation like your post.
Thank you @mindtrap. Your post give inspiration and eneegize me to stand in steem firmly.
Greets from Indonesia
All it takes for the STEEM price to surely rise is for 3.28 million people to power up 100 STEEM each.
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There is not that much liquidity at the moment, but I do get your point, even though nobody can say with certainty that even if ALL steem tokens available is powered up there will be massive demand
That's right... but I can bet my small fortune if EVERYBODY powered up everything and there is very little liquid STEEM available, then more people would be willing to buy it than to sell it. Why else someone would power up?
Well, powering up is the bridge to have more influence on the platform aka to help in the distribution.
But think of it this way. What if I wanted to invest in steem. So I spend fiat money and buy 300K Steem, but keep them liquid just because I wanna be benefited as much as possible when the price goes significantly up.
Powering up ones stake also provide safety. The only good thing I can think of regarding the 13 week power down window
I would love to have an additional revenue stream from my Steem content, like compiling my posts into ebooks and paperpack books and then sell them on Amazon. And of course invest a portion of this revenue into Steem. Of course, compiling easy and I'm already doing this. But having people buy them is another matter.
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These people at least should be millionaires from blogging on Steem considering when they were selling and how little they have left. Funny how some of them keep posting and sit in circles considering how much they have cashed out.
But, there is heaps of opportunity here in the future for those who are able to take a long approach, build now and not have to cash it out. At least, that is my plan.
Cashing out a portion of their stake back then seemed reasonable. I mean prices were like 10x or even more up compared to today and nobody knew how things would play out. Some of them may indeed have made their lives way more comfortable...
Seems like we have the same plan buddy
Buenas tardes me parece genial su consejo yo soy nuevo en esta plataforma y de verdad tengo intenciones de ser como se ice una ballena ... muchas gracias por la reflexión
Thanks you so much and I hope you have a great Steem journey
Thank you. This is really motivating. Full throttle ahead!!💪 💪
That's the spirit!!
Thanks for sharing this bitter truth. We've got to put our monies where our mouth is. Cheers!
I know that not everyone can afford it but those who do will be thankful that they did...one day
Sure, We'll look back and smile some day.
$100 hurry the f up
Oh boy...wouldn't that be great?
Time shall tell, but I think it is kind of unrealistic scenario
I tell people when I play basketball and they are open to shoot the ball, this game is won when you basketball goes in the hoop. Steem is no different, invest in Steem, only those willing to take a risk have a shot at being rewarded down the road.
If only everyone could realize that. Eventually one only have to ask themselves if they feel that Steem is gonna fail. Like completely. If the answer is NO, then looking for the ultimate bottom is a hard task and they might end up left behind...
Ready to sell my body to MILFS
Ha! I was thinking of selling a kindney or something 😂
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Every investment comes with risk. Its hard for me to see STEEM failing as it has a small but dedicated community behind it with lots of positive things in the pipeline but sometimes good ideas do fail.
I always said that the users on this platform have it backwards. They like to post oodles amount of content when the Price is doing good but flea once it drops. Posting more when the price is low makes more sense as its easier to collect STEEM at such a time.
Your post made me want to have 20,000 Steem ...... I just need to figure out how to X 10 my current amount and I will be all set.
There's so much potential here but is that enough .........
And much easier to get noticed if you produce something of decent quality.
I think you will find a way :)
You said it like it is. People should learn from your words. Great post.
Bradley
Thank you my friend!
@mindtrap, Absolutely true, like in old ages people came they saw an empty land they accumelated it and build their Empires. Steem journey was and is the same way, it's all about the Vision, Patience and Implementation.
You came up with practical ingredient and it's really appreciable. Have a great time ahead and stay blessed.
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