Steemit - Is it worth it?

[simply-me]

After being here for more than a month now, I really feel quite tired. I asked myself if it is worth it? I do have to spend a few hours on Steemit reading and writing, commenting and curating. I check my voting power regularly to ensure that I do not over curate and I check my earnings quite regularly too.

It is rather tiring and time consuming and I don't even make much. WHen I compare this to day trading, the earning from Steemit is very dismal. I invested 1000 Steem here and I hardly make 0.1 % a day but if you count it for the year, then, the return will be more than 25% which is as promised by the likes Minnowbooster & Smartsteem.

25% is a lot of ROI coz in the real world, this is unheard of. But with 1000 in Steem investment, this is going to take forever.

So, I really need to reevaluate this situation.

There are Others Ways to Earn at Steemit:

1. Create content & curate content

2. Delegate your SP

3. Sell your votes

4. Lease your SP

Marketplace where you can do action 2 to 4:

1. Minnowbooster
2. Smartsteem
   

Comments

[irinal]

Thank you for the information. But even here you have to be an educated investor to know where to invest. There are many proposals, but the finances are always limited.

[simply-me]

You are so right there.

[tomfreeman]

This is a timely post because i'm currently asking myself if steemit is worth it. I'll explore all options listed and then we'll see...

Thanks for the post.

I'm @tomfreeman!

[simply-me]

Hi @tomfreeman, glad to hear from you. In the long run, steemit could increase in value & then it could be worth it

[tomfreeman]

Thanks so much @simple-me for the words of reassurance.

[drseptic]

A very timely post, as I am also considering if Steemit is worth it. I am new here, and have no idea how to lease or delegate my SP. Hell, I don't even know what SP means! Not sure how to go about selling votes either...

Also, is it just me, or does Steemit looks more and more like a pyramid scheme of sorts? It seems like it needs new users to be viable...

[simply-me]

I am still learning about Steemit. Not much help to offer but if you head on to minnowbooster or smartsteem, you can do quite a lot there.
I am not sure about it being a pyramid scheme but I certainly hope not coz I bought 1000 steem to invest here.

[drseptic]

Thanks for the tips! It can't hurt to try at any rate. I couldn't find a website for smartsteem though - do you have a link?

[simply-me]

Hi, here's a link to smartsteem.

Smartsteem

Hope it helps.

[c-mouse]

I'm pretty new to steemit and so far I like it. It's not important to me if I make money here or not. I like the concept of the platform and will support it. Thank you for the info, @simply-me

[simply-me]

Glad you like it here. Have fun