I've been doing very well with promotion services (and @tipu) lately. Much as I was hoping to make a name for myself on Steemit through the strength of my writing alone, I have to admit that promoting my posts has been far more effective.
It's amazing how well the entire process has worked out. But there is still one obstacle that keeps it from being fully profitable. There is still one intractable obstacle that could throw a wrench in my plans.
I think you all know what it is.
The Price of Steem
At the time of this writing, the price of Steem has stabilized somehwat. But over the past week or so, we've seen some heavy fluctuations downward. And it's not good for anyone who makes their SBDs from posting content.
And it's not exclusive to Steem either. The whole cryptocurrency market is being depressed by people who are desperately trying to keep the price of Bitcoin low. Every time Bitcoin's price creeps upward, a steep selloff occurs to balance it.
It's not fair. But then, it also can't last forever. As Bitcoin gains more traction among businesses and individuals, it becomes more distributed and harder to manipulate. And the fundamentals of Bitcoin have never been stronger, with SegWit, the Lightning Network, and increased attention and adoption.
When Bitcoin rebounds, Steem will too. But until then, I find myself in the position where using promotion services only causes me to break even (or maybe even lose a few pennies on each post).
Still, it's worth it, because I am racking up my SP and my Reputation Score with each post. And when Steemit finally comes into its own (which could be quite soon), I will be in an advantageous position.
Until then, the only thing that can sink me would be more Steem price pullbacks. So let's all hope those don't happen.
Thank you for reading.
@talanhorne,
You talked exactly good point! Price of STEEM depends last 3.3 days average price! So when we used any kind of bot service during a price drop, it might not make the profit as we thought! This is the nature and we can't change it! Most important thing is most bot services are not allowing us to send links older than 3.5 days! So it might be not an easy task to get a profit during high fluctuation market times!
Cheers~
It's correct the steem price reacts very well when bitcoin goings up so july could be an interesting month for the whole market so we have to continue posting and sharing quality content to get good curation rewards because this train will go high :). Regards
It's already looking better.
Sbd is having a bull run
Another wonderful and interesting topic by @talanhorne sir...
Actually ur ideas are very useful to me...
Wel done and perfect work sir...
@talanhorne, That's long conversation indeed title. But I tell only few something. Today I seen big uptrend of steem dollars. It being very near to steem rate. We'll know steem token can be top of the level. Thanks for information.
Wow my dear friend very good writing and I am glad to read your post. really very good job my dear friend ,keep it up and many many thanks for sharing with us. I am waiting for your next post
You're a good knowledge person about writing and it's very difficult.
Your job is excellent topic.
Thanks @talanhorne
Have a nice day
yes, promotional service are very much associated with steem price and how much sp belong to the users, still no service is beneficial except reputation increase.
Yes agree with U my dear friend @talanhorne sir.
All bot services profits depend steem price...I really think steem price can up this month...
And I'm trust steem can change my future...
Happy steeming...
Cheers////
Good job my friend,, success for you
@talanhorne - Sir SP is the profit & we all know with SMT SP will become precious... Therefore, what you're planning today is a good investment for the future... Nice you share this strategy Sir...
+W+
wow nice information really amazing tnx for share..
It Is right the steem cost responds extremely well when bitcoin goings up so july could be a fascinating month for the entire market so we need to keep posting and sharing quality substance to get great curation rewards since this prepare will go high
After the promo bots letter nice to read crypto currency situation entire letter @talanhorne. Well said contexts here. Agreed your points.
Making an investment is a big decision, especially in a cryptocurrency where there is no shortage of volatility and lack of regulations. Making an investment can further be complicated when there are three options: Steem, Steem Dollars, and Steem Power. On top of that, the price has seen a steady decline since it spiked a couple of months ago, and it seems that everyday there's a new post about how low the price of Steem is dropping, and wondering if this is the best time to buy, or if we're headed into a black hole, never to return again. i wish your success.
Very beautiful steem cryptocurrency money post to you for thank you very much, and post a lot like and like post vote and comments and post share, I like this post a total of all see and this post to everyone can vote
Actually we all disappointed about crypt market past days. Not good earning point SBD rewards. But now seems some little bit positive moment. Looking to see further. Thanks to writing @talanhorne.
To be honest the bots are indeed playing a great role to few users while some are misusing it as well.
While hope the Steem upward trend happens soon and we get to see a good market ahead.
Thanks that have shared. I also hope that there will be nothing terrible to come. All is normalized.
From the middle of July there is a little scope for this price. I think now as the markets and cryptocurrency market are going on, these will be at the right level, then the price of bit coins will increase.
We are currently running our community cryptocurrency pricing. It is really a downside to think that we are going to have a very good time in the month of July, each of us who has been waiting for the investment and various activities to be completed, they have to be patient for a few days because in mid-July, There is an important time to come.
Thank you for sharing @talanhorne and for your initiative this hour..
I bid you greetings:)
The price of steem is really something to talk about and to me its a good oppprtunity to buy in bulk, before it rises...it will moon soon in no time..:)
I've been using minnowbooster to boost my posts but since two weeks they are giving very very poor return which is pretty lower than 10% at present it's just around 4% which gets low when steem price go down over the period.
But, there's another way to earn pretty good returns if you delegate your Sp someone like @invinciblelight who is going to launch his upvote bot tomorrow. I am getting pretty good returns per day from my delegation. ☺
I agree! Every investment has its risk. I have been experimenting on few upvote services as well. @tipu is undeniably the best. I’m really disappointed in @smartmarket. With @tipu it became race since he became so popular. You really have to be strategic and smart. As you mentioned the price of Steem has to be stable or best scenario rise 😃.
Great and amazing post @talanhorne sir.💚
You are so talented person on steemit.
You have all kind of knowledge.
I definitely agree with you sir.
When Bitcoin is about to rebounds, then Steem will too.
Hoping for a best results.☺💙
Thanks for sharing this post.
a very good post @talanhorne, this is very useful for everyone, and especially for myself. Speaking of STEEM, I've read from someone else's article, they say that STEEM prices will rise up to 100% by the end of 2018. What do you think? Will it all happen?
I've also read that Bitcoin is the best Crypto for now, and it will grow for the future
Thanks for sharing...
You are right! The price of Steem can make or break difference. Today you can have 2x profit, but if price of Steem collapses within 7 days, your rewards collapse as well. Today it doesn’t seem like that, it looks like we will have a great week.
As me, I don't trust steem price continuously up trend. Maybe next day will be down. Current market situation up and down mixing. But I know all cryptos will be higher before end of 2018. Thanks for your ideas @talanhorne.
At present, the fundamental value of our community was very low, I think we should wait for the right time and this time there is a lot of potential to come in June, many market analyzer and trademark analyzer each have read comments I have read every one of us waiting for the right time. Said because after the month of June, we are very much like us There is a great opportunity to get the foundation of this minute at a high level 💪🏼
Many of us are not very aware of the foundation of this community and many people are interested in posting and posting blog posts, I want to tell them that the fundamental prices in our community have decreased due to the fact that when one minute funding at the right time comes to a high level, everyone Can achieve a very big profit.
It is hoped that for our community, there are many big cryptocurrency potential in 2018, many market analyzers hope that this is going to happen. We should now wait for the future ™️
Hello @talanhorne,
No all Steemians share such valuable & incredible findings to the community. But you do. Extraordinary good article & tip you provided with this article.
~@mywhale
Your promotion article is really efficient.... boys are playing an important role ... thank you so much for your helpful article...
As me, I don't trust steem price continuously up trend. Maybe next day will be down. Current market situation up and down mixing. But I know all cryptos will be higher before end of 2018. Thanks for your ideas @talanhorne.
Congratulations @talanhorne
Now you are in the MinnowsPower Loyalty Member List...!!!
Exceptional article & valuable discussion you shared to the Steemit...!!!
100% Upvoted by @MinnowsPower
everything depends on price of steem & sbd. when steem rise, our roi rise. you understood that point very well & gaming for sp as well. excellent writing @talanhorne
@resteemia
resteemed & upvoted
I agree with you sir As Bitcoin gains more traction among businesses and individuals, it becomes more distributed and harder to manipulate.
Great work and nice content.
You are inspiration @talanhorne sir. ☺
Thanks for sharing.
You're a good knowledge person about writing and it's very difficult.
Your job is excellent topic.
Thanks @talanhorne
Have a nice day
You're a good knowledge person about writing and it's very difficult.
Your job is excellent topic.
Thanks @talanhorne
Have a nice day
i hope in this month for steem..steem price may be up 5$ again in this month..
agree with me?
at a time when steem or sbd price was so high but now steem or sbd price so down
i hope sbd price again up
but when i don't knoe this..
good job tnx for share like this post..tnx for share your knowledge about post promoted.
i am agree with you
good job lile this..
re-steem
every investment site very risk but we can invest easly in steemit.
so i hope steemit future bright..
amazing work really nice
i am agree with you
good jon sir
nice job go frowerd sir..
wow nice post @tipu is beat scervice..i like smartsteem scervice..this is amazing
wow nice information really amazing tnx for share..
great post sir really amazing
good job sir,best of luck
@talanhorne This is a very helpful and informative article. Thank you for helping to teach more people about some of the lesser known aspects of investing in SP. I'm sure this is info a lot of potential SP investors will want to know!