This is a really helpful post, cheers bigdeej! I have considered promoting but I think unless your content is really really good it wont be worth it, you might sit near the top but that wont guarantee upvotes, anyway this is a feature on steemit that wasn't around last time I was here so thanks for explaining it to me.
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I agree completely, basically if your content is going to really earn, 99% of the time organically it will! Better off increasing consistency, quality of content, and loyal followers that you engage with. I find promoting worth it if you don't mind paying to get more followers and/or eyes reading your content, but do not be naive and think throwing 100 SBD at promotions will instantly make it $1,000+ post!
I think that sums it up perfectly, I have just had a thought though..Do you know where the steem that is used to promote actually goes? since it looks like part of the site not a user promoting a service?
Yes it is sent to @null and burned
Thats great cheers mate, I love it when crypto gets burned! steemit is becoming more appealing by the day.
It sure is a neat concept, promoting basically destroys SBD (steem backed dollars) which in turn reduces the outstanding supply of STEEM (indirectly).