WHAT COULD HAVE BEEN
When I started my Steem adventure I made my account a vote giveaway blog. I gave away a few votes a day and used the rest to power up my account. Things were going better than I expected and my little give away was growing fast so I bought more steem.
It started growing even faster and Steem jumped from $3 USD to $4 USD while my wife and I were on vacation :) My account value was nearing $40,000 and I was feeling pretty good about super sizing my give away. I made the decision to go a little bit bigger and buy $300,000 worth of Steem when we got back from vacation. I was also going to start a Youtube channel and start advertising (any third party ads equals free advertising for Steem btw).
A TALE GONE WRONG
Then with my vote value starting to get juicy I got hit by the down voting account known as Steem Cleaners for copy pasting my title! After going back and forth with them I began to see several issues with how Steem was managed and run by Steemit Inc. or more affectionately referred to as Stinc :) So I decided to hold off on the purchase and see how things played out .....
What I found out was that Steem Cleaners abuse was substantial and over 2,500 dolphin sized accounts had been targeted and taken down (that was back then I am sure its a much larger number now) ..... Not only that but it was a tone deaf Steemit Inc. that delegated them all of their down voting power, without any supervision no less!!!
I am not a rocket scientist but even I could see trouble on the horizon. It turns out that rabbit hole is pretty deep because Steem is now worth $0.15 AND FALLING.
So what does the Stinc brain trust do? Add a MASSIVE amount of FREE down votes to the system! You can't make this shit up.
MY PLAN
I once offered to help Steemit Inc. get the value of there token up because I see great potential in Steem. However they never followed up with me and even dodged a planed "open" Youtube event to avoid mine and others constructive but critical views.
Since that time Stinc has gone from an $800,000,000 + fast growing company to well, dog shit (a few mil and dropping fast).
Someone asked me a few posts ago why I don't buy up a large Steem stake and drive the value higher.
That is one option I have open to me. Once Steem is in the $0.02 - $0.03 range that same $300,000 investment will make it worth my time to build Steem up from the ashes of the poor management it has suffered under for so long.
Best Regards,
Dreamryder007
I would sure love to see you do it! I will be buying with you.
I am not buying yet but when it goes lower. I am moving some of Splinterlands rewards into Steem tokens but only a small amount.
What is the ROI for Splinterlands? I know nothing about it.
My ROI is over 200% but I have done some card trading.
Splinterlands
The ROI is still crazy atm and it spikes around new content releases.
I may have to look into that, the ROI on my steem investment is about 20% per year (and that is if prices don't go do down, but they do)
The road is tough, come on, and make Steem better together.
Congratulations @dreamryder007! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP