Investing in Steemit: I bought Steem twice in 2 days, POWERING UP to support creators

in #steemit7 years ago (edited)

I'm almost 6 weeks into my Steemit experience, and I've decided I want to reinvest more into the community. Starting yesterday, and again today, I've started using some SBD to buy Steem and power it up, to be able to both better support the Steemit community and be able to better reward other creators across the platform

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I plan to continue doing this and believe this is truly a fantastic community with gigantic potential. As some of you know, I have also been promoting Steemit to my YouTube channel audience, which currently numbers more than 400,000 subscribers. Please consider following and supporting the three creators I've thus far recruited to the platform @samseder @hannahlaurel @big-lou

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Lastly...big announcement tomorrow about a major cryptocurrency player who I'll be interviewing, and plan to publish the interview first on Steemit before it goes to any other platform!

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Always good to see such iniciatives

I'm hooked on Steemit (been here a day). I'm very excited about the possibilities as creators try to find ways around YouTube's monetization policy. Good luck! I like your strategy.

Welcome to the club! Ive had an on again/ off again relationship with it...lol

Welcome to Steemit! We have great fun around here usually. :)

This platform is such an addiction and I plan on being here long term

Thank you for caring for the steemit community and reinvesting in us the opportunity for growth is phenomenal as we learn from one another

It sure looks like we're heading somewhere BIG!

nice review!

I hear you man I just powered up all of my Steem to make my posts more valuable. This is truly a revolutionary platform and I want to be a larger part of it. I'm glad you are as well!

@davidpakman the support provided by your action can be further amplified by actually NOT doing it on the internal market. The internal market attracts no outside attention or money to steemit.

Sending SBD to somewhere like bittrex and then buying Steem there adds dollar volume to Steem being traded, thus raises the activity level and the attention it gets from people outside of steemit.

The internal market does not do this at all for us and could likely be a reason steem price growth has lagged compared to many peers.

Food for thought.

ah that's interesting. how do the exchange rates compare if using something like bittrex vs the internal market? thanks!

Good point!

Thanks for the food for thought! I like that idea. I guess the only down side to that would be the transaction fees?

I've found the rate to always be better on bittrex. However, you have to flip SBD into BTC then into STEEM so the commissions offset that benefit mostly.

Is it Roger Ver and his chinese miners?

If so than i hope he makes a complete fool out of Roger Ver, because if his plan works with BCash than it will be one of the biggest scams ever :(

Sweet - thanks for investing in everyone. We need more people like this.

In my opinion it was great move, if i had some free money to invest i would do the same

Steem is not done going up yet :)

You make good work!

Wow great to see David, so glad to see you here, so glad to have you contributing regularly. I always look for your posts and am super happy to see your friend and colleagues finding their way on to Steemit as well. Definitely will follow them and support anyone who wants to grow this great community. Thanks again.

@davidpakman you are doing a great work by promoting steem on other channels. I also want to congratulate you for onboarding few members on steem blockchain.

Thanks for promoting steem. 😊😊

thanks very much, thrilled to be here!

Hi @davidpakman
I've read about you on @paulag 's post
Thank you very much for helping steemit.com grow
I am your new follower

thanks very much! thrilled to be working with @paulag

She is a true Steemian same as you
Keep Awesome

Look forward to the interview. Thank you for supporting this community!

I'm powering up all my sbds :)

Your input on the value of steem relative to the rise of other cryptocurrencies would be appreciated. It has significantly lagged the rest of the market in percentage terms, despite going up in dollar terms. In contrast, steemdollar has risen considerably in both USD and percentage terms. As others have pointed out, the supply and distribution of steem versus steemdollar is something that may need to be addressed if the former is ever going to become a top cryptocurrency in a market valuation sense.

I don't believe I am yet qualified to make an informed commentary on this, but I plan to continue learning more so that I can have an informed opinion in the near future.

Thanks for the response. My most recent blog post touches on this subject. Any input is appreciated, once you are able to have an informed opinion. I recognize the inherent potential of this platform but am struggling to see the execution. It is hard to attract serious writers/artists/etc. that do not have sizeable offline followings in hopes of gaining attention, as their voices are often clouded out by the "whale" accounts. This is ultimately why many resort to using voting bots in hopes of getting their posts to trend and catch the eyes of others. This however necessitates capital expenditure and is not a viable long-term strategy if Steemit is to realize broad market appeal. Just my observations having been off and on the site since the summer.

@davidpakman we glad to have people like you on steemit. Love prevail over everything. Thanks for helping community creators

Great job, thats the way to go I guess and will also follow you by buying steemit more often to help our community to grow beyond lips and bounds.

Great strategy bro just keep powering up, i had rented my power to minnowbooster but i will get it back soon, thanks for the share

Awesome. Looking forward to the interview and Glad to see you reinvesting some back into the Blockchain/Platform.

A rising tide lifts all boats.

I think I need to follow your steps in order to promote and protect our steemit community. You are older than me here and i like sustainability more than immediate rewards. I like your insight

Be the tortoise, not the hare.

thanks for your information, I will take it into account

That's great! Thank you for supporting the community so much since you came. You brought some people that provides a really good content.
Keep up the good work, we appreciate it.

Good to see such enthusiastic buy in to the platform David! That's terrific! We are still in the early days of what promises to be a fantastic journey! I'm glad you and your fans will be along for the ride!

Hmmm... such speculation as to whom you might have lined up to interview. Did you find the mysterious Satoshi? hahaha

Looking forward to the interview, and am following your recent recruits. Expecting great things!

i'm glad to see you're getting this idea. Planet Steem is a fully functioning DAO, and the more you invest your time and energy into it, the more rewards, both economic and social come your way. It's a new structure that outcompetes centralized corporations.

I love to create content but I don't get much engagement or votes with my posts. I have enjoyed being on this blockchain, and I am not sure how to get exposure for my posts? This is helpful information! Happy Holidays!

Engage in discussions, and the engagement will come. Maybe slowly, maybe fast, but it will come!

Such an investment is a great idea. I have been a fan of your tube channel even before you joined steemit. Thank for promoting the steemit world.i have followed you and I would appreciate a follow back.

This is fantastic. Welcome to the community! I YouTube and Steemit also. Look forward to your content here.

this is the perfect time to powerup

you should power up with "youtube money"....

yeah, that's the real virtual stuff (-:

Thank you for sharing. I have joined the Steemit platform in the same period as you, and I found a nicely community here, not to mention plenty of opportunities to invest our money here and help the platform too. I have some SBD into my account, so please let me know which is the best way to transfer it into steam power. Your help is welcome!

Congrats!! Thanks for sharinf your information..i really support of this..
I resteem your post sir...
@davidpakman

nice job!

Thanks for having the interest of the community at heart.

That's exactly what I've been doing also. As soon as SBD reaches 4 or 5, I buy more steem and when that exceeds a certain amount, I power up. I plan on adjusting the amounts as they grow, but they will follow a similar line; a relatively even distribution of resources.

thats awesome of you man! great to see you on this platform :) keep up the awesome posts and consistency that you've been showing. Steemit has opened up so many doors for in my life. I play music, write songs and have a passion for creating. Im on the verge of having some major success here and its never felt any better. Thankyou for your incredible motivation and inspiration. You are a perfect example of an accomplishment. Enjoy this beautiful day and id love for you to take a look at my page sometime if you ever get the chance. Keep on steeming and stay awesome brotha.

Love your work @davidpakman looking forward to seeing the interview!

From the start I found the content here at steemit far better than any other site so I am investing in steemit! It is the people who make it great!

Thankyou bro

I am relatively new to Steemit and Crypto... What is currently the best place to buy STEEM via credit card? Thanks!

Is it safer to power up to hold?

I follow you on several platforms, being that this one is very unlike the others, it's extra special nice to see you here. I'll check into your recruits and support. Hope you find an abundance of prosperity on Steemit! YT is such a demotivator, so much so, that I put my endeavor's on hold for several months. I am looking forward to an awesome 2018 on Steemit.

Your dedication will pay off in the long run! Good Luck!

I'm so happy to see this community grow.
With each moment we're getting more powerful.

Peace, love, gratitude!

I did the same thing. My only concern with this platform would be a major hack. what are your thoughts?

thank you for sharing ..

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