This is just a quick note to explain to the people that don't fully understand the economics behind steemit, that contrary to what you might think, STEEM and SBD prices coming down is what you want. Quote link here
If you already have millions of $US worth of these currencies, then you might not be as happy. But If you are just starting out here, then this is the greatest gift you could get. The reason is you get more STEEM for each post as the price of STEEM goes lower. Right now we get almost double the amount of STEEM on each post than we were getting just a week ago.
And since the name of the game is to end up with lots of STEEM to have power and make your votes count, this is actually a great thing and you should be happy if it goes even lower.
You should plan on being here for the long run if you want to seriously make money here, so picking up more STEEM is always better. I hope it goes under a US$1, I'd get to be a whale in no time if that happened.
Just my quick thoughts and a message to the newbies that may not understand how it works yet. Sometimes knowing what to root for makes all the difference in your attitude. I'm pumped and this is the second greatest thing to happen this week (right after the #newbieresteemday launch by @mudcat36) ;)
Have a wonderful day and lets keep having fun and as we are growing every day (together)!!!
I'm in full agreement that the price of Steem coming down is a good thing for newer people. Except when you already bought some at $5.75 USD, and then you turn around and buy more at $5.00. :)
Now, I'm wanting to get in on $3.05 Steem, but I'm up against Coinbase's buying limits. Any suggestions on a reputable exchange that will accept me right away? I've tried Bittrex, Poloniex and OpenLedger (the first two weren't taking new accounts or had a huge line, while the latter didn't instill much confidence upon first, second and third glance.
Thanks for the pep talk.
I understand how that feels, been in the financial business now 33 years.. lol... The averaging down is always a challenge because you never know when the selling runs out. I always fade in real life and when it goes lower I try to take the urge to jump all in at once and channel it into getting some more $ to get my dry powder bin higher. I'm currently doing that with silver. I'd love to be all in on it, but I am aware they can take it anywhere they want (in the short run) ..... And on here, since I'm still learning it, my investment has only been my time, so that is something that recharges every 24 hours and my dry powder is back ;)
I haven't gotten as far as you have on opening the accounts... I did send in application for poloniex and coinbase but had no luck getting past the guards at the gate. Hopefully we get a larger more experienced person to give you some answers. And if they aren't on this thread, come back and tell me :)
I will get some $ put in because I do think this has a chance. The market cap scared me at first, but the more I get involved the more I realize its potential... I actually hope the bubble pops on bitcoin soon which should clean out the "hot money" and give us a good base with which to enter.
Always good to hear from you my friend. Love your sense of humor, its right up my alley!
And i think this one explain further. ThanKs to you @glenalbrethsen. Thanks as well @davemccoy for the article.
yes @leebaong Glen is really sharp and good to listen to. Keep an eye out for him.
Yep. For that, i followed @glenalbrethsen too. This gonna be a wonderful journey with you guys.
Hi Dave, could you please explain what you mean by "getting almost double the amount of STEEM on each post"?
Can you give an example? Thanks!
The amount next to your post or comment is not the exact amount you get. To make things easiest to explain; lets assume that the comment you posted goes to 13.00. You get 75% of that back for being author. 13*.75=9.75 in payouts that belong to you. Next we divide that in half. So you would get 4.87 in SBD and 4.87 to allot to Steem. When the system rewards you in steem it does it at market price. So you would get 1.0xx Steem for your 4.87 at current market price(4.06 USD per steem). If the price of steem goes down to 2USD per steem then you would get 2 Steem for the same payout. If steem goes to 8 USD you would only get .5 Steem for same content. Us new folks benefit from low steem and high SBD. Hope this helps clarify.
Excelente explicación. Gracias, Albert. Pero, sigo como un poco tapado.
ok cool, thanx for the explanation.
It was my understanding that you were paid the SBD in amount pegged to $1. So if the author reward was $1, you would get 1 SBD even if the price of SBD were $5.
Is there a place where this information is listed?
They split the author reward 50/50. 50% you get at as a 1:1 exchange for SBD. 50% is allocated in steem which is purchased at market price. Steem.supply/@yourusername gives the current price of both. So @themanwithnoname in your example of 1$ you would get 0.50 SBD and around .125 SP at current price of steem.
Brain fart. Yes, I knew that half was paid out in SBD and half was SP. I didn't know why the SP amount wasn't .5. It's because that part is based on the current price of Steem. You're getting $0.50 worth of Steem.
The cool thing is that you still get 0.50 SBD which at today's rates is actually 1+ Steem if you exchange it. That is why it doesn't make sense to have "powered up" articles right now.
yes... exactly... and why it also makes sense to use the services like @bumper @earthnation-bot and @lila-wish-genie... they guarantee a return of your money by being 3x or higher which means after curation you will get your SBD back, plus extra steem and sbd for your effort... the only issue that can hurt you is if STEEM and SBD drop a lot in a short period (but since that is what you want for the long haul its something to cheer).
I had a couple of bad days a few days ago, but it really got good the 3 days after that.
I fill my limit of 3 x 0.50 on bumper every day
0.20 on lila-wish-genie
0.05 on earthnation-bot
all are no brainers to me
thanks for the help... jump in anytime.. I can't always get to it quickly and you have it down cold! :)
@royaleagle has this down... did you understand? Essentially it a tough concept to initially get your head around, but when you do then you realize you want 2 things to happen... 1 STEEM to go lower and 2 SBD to STEEM RATIO to wide (higher SBD to lower STEEM is the best)...
I will be writing an article about it soon...but royaleagle has it right
Did you understand @royaleagle's answer or would you like me to explain it further?... He is right btw.
All clear, thanks Dave!
awesome... it took me longer than you to get it, so good job ;)
The best time to buy in actually. Post good content so you can start gaining some good traction. Once it stabilizes it should be worth more in the end. Since you earning STEEM and not dollar, if I'm not mistaken.
Ah, I see. Thanks for the explanation @royaleagle. Have an upvote from me :).
Eso creo que lo puedo entender, pero dónde puedo corroborar u observar eso?
not entirely sure what you mean but create good content. I'm trying different things to sharpen my skills, i'm not a writer, though I can listen and talk...which is why I started podcasting and start curating where it goes in every episodes. As for observing, just deliver something of value I suppose. Like this post from @davemccoy, an idea I would have loved to talk about but I wouldn't need to... this seems good enough and I wouldn't improve it.
keep making comments like this in the other authors posts and you will go very far. Its exactly what you need to do. "listen and talk"... the more you do it, the more people you will connect with. I'm now connected to you simply because I can tell you are genuine. I try to make a minimum of 50 genuine comments a day. That is how you get to know people and (in my opinion) how you get traction here on steemit... Its a long term platform and the relatonships are real.
Thanks for reply to @zullusex, he's a great guy who is just trying to figure this out... I've tried to help him, but I don't speak much spanish so I think I have a language barrier to helping him.
Thanx for the kind words. Figuring things out is my specialty. 50 post a day is insane though. Here I think, type, rethink, go for a two day walk, come back retype... it’s a process. Though I’m making progress.
As for the language barrier, since we online, there’s google translate. I only speak and understand English and Afrikaans (Dutch derivative) but will try my best to translate and understand what people are talking about in their native language. You never know, you might just find it interested it interesting enough that you’d be hooked in translating most of the posts and comments since most of what I’ve seen sofar are something of substance.
lol not 50 posts, but 50 comments. much different.. But I'm talking like your comment here. Its not one sentence long, but it certainly didn't take you hours either... :)
And I think that is a great point about google translate, I even browse sometimes from chrome just so I can have it auto translate for me on steemit... very cool... I have made friends in korea and russia by doing this.
Coincido contigo, hermano. Sé que Dave es excelente maestro y tiene mucho que dar. Particularmente yo tengo mucho que agradecerle.
gracias my friend... I didn't understand much, but I do recognize its a compliment :)
I totally agree with you Dave! Keep up the good work, you are really kicking some butt on here and helping us out. Can’t thank you enough.
You are right. I think we must be a lot of us with too much to thank to Dave.
I'm very happy to see you @zullusex, I thought you might've gotten discouraged.. I hope you don't because you will get it. It might take a little time, but I'm positive its something you can do... I've been to your portfolio several times checking on you and read through your personal stories and once people get to know you and your family, you will continue to grow your base.
I also notice you are picking up your followers too. So just keep going at it one by one, you will see it takes time but each day builds on the next... also make sure to use this initiative it will help you get more views on you posts while you build your following.
Again nice to see you and have an awesome day
Thank you very much, my brother. You have been everything to me in Steemit. Of course I will continue growig and learning. I keep on doing everything you told me. You are not only a good man, but an excellent teacher. I can see that not only me havelearnt a lot from you. It makes you a real good person.
thank you todd... I appreciate the encouragement.. some days its really nice to hear! I'm glad that we connected, you are always positive and uplifting!
Lets keep growing now that we can stack steem faster! :).
Of course we are going to grow up faster. But, as you could understand it so well, could you please explain it to me with an example in the wallet screen.
I will be happy to explain it to you, what do you want to know about your wallet?
Here is a post that I sent out a couple of weeks ago, see if it helps
https://steemit.com/steemit/@davemccoy/quick-tip-what-s-in-my-wallet-simple-understanding-of-steem-steem-power-and-steem-dollars
Let me know
I agree... that's exactly what my point was... I get more excited as it goes lower because my SP grows faster with each upvote I earn ;)
Great news for us.!
Yes, indeed. Very good news.
Something else that helps growth is having the price of SBD higher than Steem.
Actually my Steem is under 0. Is it good?
Do you mean that you have 0 Steem token right now?
I was referring to the exchange rate of SBD to Steem. If SBD is worth $1 and Steem is $5, then you need 5 SBD to get 1 Steem. The price of SBD is higher than the price of Steem right now, so you get more Steem for your SBD.
You're steem isn't under 0 and it is growing little by little... I looked at your pending payouts and you have made far more from your comments that you have on any posts... that is good... Keep it up and also go to more author's posts too, the more sincere comments you can make the more you will both learn and earn.
ps... the tool to see your feed is on the steemworld.org site I showed you above.
Si es muy cierto amigo gracias por compartir, en ocaciones nos impacientamos y pensamos que todo es malo, pero no siempre es así, y aun con el precio bajo, también ganamos.
No hablo español bien, así que esto se traduce con google. gracias por su comentario y está en lo correcto, la paciencia es parte de lo que nos hace exitosos aquí.
Hi, Dave. Sorry for not writing anymore. I am very happy with your orientation. And this one is also another good one, but I do not understand much what you want to mean with that. Please. Could you give us an example.
I explained it the article I sent you about what's in your wallet... you can find the steem and sbd prices in US dollars on the trading exchanges...
Here are the links:
https://www.coingecko.com/en/coins/steem
https://www.coingecko.com/en/coins/steem-dollars
what does it meanDave, there are some moments that I upvote and It appears something like this in the left side of my screen: ...unidentify and some other words in red that I can not understand. What does it mean?
that is just a glitch in the computer screen and means what you are trying to do didn't work... Usually just retry what it was and it usually goes through the 2nd or 3rd time... it just started happening the last few day, but it is nothing wrong you are doing.
Yes, thanks Go. I was worry because I thought that I was loosing Steems or something else for wrong posts I had written . Well, I feel better now. Thank you for telling me.
Good news to start with more spirit. Thank you very much Mr.
thank u very much julies :) and welcome to steemit... let me know if I can ever help you and make sure to keep sending in your posts to #newbieresteemday ... and keep an eye out for many new things coming... its going to be fun
Thank you again Mr. Dave. This is good news from you. So far so good. Thanks for your hands. Togetherness will bring the victory near. Newbieresteemday is useful to me and other newbie. Great work. Thanks
@originalworks
The @OriginalWorks bot has determined this post by @davemccoy to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
to all of you that have replied to this post, I will get to you (it might not be until tommorrow) ... I love how people are picking up the slack and helping each other and I encourage that to continue.
I have lots of great friends on here willing to help out those that don't understand. So keep sharing and interacting and you just might make a few friends too... I'll be back soon, but the #newbieresteemday backlog needs to get supported (you steemers are great and I'm happy you are adding things faster than I can respond)
You should also keep checking the hashtag feed, its unbelievable what is happening over there... check it out
https://steemit.com/created/newbieresteemday
this is so cool to watch
you get resteem too. hahaha
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This post has received a 36.84 % upvote from @sleeplesswhale thanks to: @davemccoy.
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This post has received a 3.45 % upvote, thanks to: @davemccoy.
You got a 66.67% upvote from @steembloggers courtesy of @davemccoy!
very good @steembloggers that is the best I have ever done... I really respect that you don't rig your system like many others do. I hope you don't mind but when I see you play it honest, I want the people that follow my page know the truth. If you keep standing out, I might clog up your inbox, but it might help you get more regulars like me... You are the first one I look at when I go to the exchange.
Waiting for it to go a bit lower so i can invest as well
yes.. at first I wanted it below $1 before I start, but I might pull the trigger if it gets closer to $2 now... I wish bitcoin would get hit, that would get some of the 'hot money' out.
This post has received a 8.30 % upvote from @kittybot thanks to: @davemccoy.
Well stated sir I could not agree with you more. Keep up the great work @davemccoy!
I am getting into this program https://steemit.com/basicincome/@steembasicincome/a-history-of-universal-basic-income. I am sending them 1 SBD and get to bring someone along (at no cost them). It's community based, you get upvotes from their bot, you don't have to do anything. I figured you already checked this out, if you are not interested I could submit someone else, no problem at all. Best of luck keep up the amazing work :)
Its very hard for me to understand this post. I am already a month old here but I dont really know how this one goes exactly, what I know is i can exachange sbd to peso. And I should make post of quality content. Thats all.
Im stagnant at 46 reputation. I dont know what to do to make it grow. My posts are not noticed huhuhu.
Im reading some comments here but Im not sure if I get it right. Still in doubt. The more it drops, the better it is.
1.88% @pushup from @davemccoy
cool postings can only be born by a great person. hopefully i can be like you in getting sound. because i am very minimal voice when I write something. your writing be inspiration for me.
Really good post. I didn't realise its better to be lower for noobs. I just spent my steem dollars to power up. I only had $200 total steem worth, then it went upto $750 worth when I powered up. Now a few days after powering up my total worth is only $520. I just wonder if I did the wrong thing lol. Thanks :)
This post has received gratitude of 1.49 % from @appreciator thanks to: @davemccoy.
I absolutely love what you are doing! Great work my friend, I know I haven't interacted with much you have posted lately, but I saw your post yesterday and sent a little thank you from a bot, and I have been making an effort to follow and interact with others. Thank you for all your work, and the help you have given me personally. You rock!
Sneaky Ninja Attack! You have been defended with a 1.06% vote... I was summoned by @davemccoy! I have done their bidding and now I will vanish...Whoosh
Greetings! I am a minnow exclusive bot that gives a 5X upvote!
I recommend this amazing guide on how to be a steemit rockstar!
I was made by @EarthNation to make Steemit easier and more rewarding for minnows.
Your sbd is being returned. Only one wish/week.
Lila-wish-genie service terms
Ok... I thought that if I was a member of earthnation that it was daily. I am a member of earthnation so if this isn't true then I made a mistake thinking it was once a day for that. Please clarify. I don't want to break any rules.
And I already put another one in yesterday too that I didn't know. Again I thought being part of earthnation and having my votes being used by you was part of this program... I am not trying to do something wrong. If you can refund this other one, I will not use the bot anymore so I don't get my money "donated"... I always try to do my best and it was just a misunderstanding.
Here is the link to refund: https://steemit.com/newbieresteemday/@davemccoy/updating-and-catching-up-if-i-missed-your-comment-or-post-please-let-me-know
It won't happen again and I'm sorry.
and by the way, I just read you "rules in your link" and it does say that it is daily if I am a member, which I am.
"2. 1 wish granted for #Earthnation Guild members once per day."
Could you please explain to me what is going on? I read one thing and then I get this message that looks like you are taking the money that I have sent in. I have not sent any more in "since" I read this message, but I would like clarification so that I know the rules and where I stand. I think you are doing great things for people, so I'm not upset in any way. I just am confused and not sure what to do. I have not sent any more requests to either @earthnation-bot or @lila-wish-genie. I'm not sure if I am "allowed" to do so or if they will become taken as donations. I want to follow the rules, but I also have to understand them too. And the way that I'm reading them (which might be wrong and I get it) says that I am doing it right and your message to me was wrong.
Again, I'm not mad nor upset...... Frankly I was reviewing the services so that I can tell people about it. I can use other voting services just as easy, but I wanted to obviously help both you "earthnation" and the newbies like me that could use the simplicity of a fixed return that was profitable (unlike the many that are not)...
I know its a hassle trying to help people and they complain about something, so don't mistake my effort to talk to you as a complaint. I'm actually trying to help you understand the situation so that you can put in a process that doesn't lose people that you could easily keep. I have run organizations and managed over 1000 people at a time, so believe me it isn't about $0.20 that I "donated" to you. Its about me not knowing the rules (which are a little unclear) and then receiving a rather threatening message in my wallet saying the next time "you are taking my money". Then when I try to get an answer about it, I don't get a reply for a whole day.
I can understand that mistakes get made and that people can be overwhelmed with many things, but I'm trying to tell you my thoughts because I'm trying to help and want you to have the maximum success possible.
Anyways, I will leave it this way.
If you don't want to talk to me about it, that is ok. I understand that you don't know me at all. If I offend you by anything I said, then I apologize upfront and tell you it is not my intention. I will not do any more submissions to either of your bots unless I hear from you about the rules. And if I don't hear from you, then you are welcome to keep my other submission as a donation for causing you headaches.
I hope to hear back from you, but if I don't I still want you to know that I think you are offering a great service to the newbie community. I commend you for that and support that effort and wish you all the best of luck!
Thank you for taking the time to read all of this and for your time!
https://steemit.com/nature/@kekekent/boracay-philippines-a-nature-feature
So what you are saying is that we should get our steem when values are low?
Wao never thought of that. But how do we know the rate at which it is sold?
And a quick outside the box question, is there any trusted person that buys Sbd?