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RE: What is an "steemit whale"? FAQ

in #steemit8 years ago (edited)

Q: Have all whales made a lot of money on #steemit?

A: Whales have not necessarily made a lot of money on Steemit. Any user who chooses to purchase STEEM POWER can do so, and would then be considered a whale if they bought enough. In general those with a lot of STEEM POWER have probably profited a lot, since they'll tend to be interested in providing good content and since STEEM has risen in price, but anyone with deep enough pockets could become a whale right now.

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Thanks for your input. Can you become a whale without purchasing steem power?

It's possible, ya. It would just depend how good you are at posting stuff that gets upvoted. A whale is just someone with a lot of steem power, you can either buy it or earn it by using the site. Obviously it's not easy to make like millions of dollars by posting though.

Just checked your wallet and I was REALLY hoping you had like 12 million STEEM POWER and this was all a troll :) but wasn't meant to be :p

LOL. Nope, I am pretty new to steemit and want to help others with the learning curve. Thanks again, sorry I didn't bump your wallet.

Haha, nothing to be sorry about, friend. If you're not in this for the love of the game you're just not in this.