what are you planning to do with the rewards, are you going to hold them or re-invest in something else like a mining operation, ala ddrfr33k's idea ?
You are viewing a single comment's thread from:
what are you planning to do with the rewards, are you going to hold them or re-invest in something else like a mining operation, ala ddrfr33k's idea ?
I was doing the reinvest thing on Eobot, but they changed some of their rules and it just makes it harder. Lately, I have been just collecting but I think I am going to stark giving them away as well as us them to increase my Steem power on this site. I figure if I can get enough Steem built up, I can delegate it which pays me for the most part a daily dividend in SBD.
Sounds good. One day you'll have to tell me how this place works, it's so confusing. I get a message in my wallet that says 'claim reward', should I be doing that ? No idea. Should I be transfering to savings or something ? What is 'powering down', is that a good thing ??
Everything else says 'earning 0% apr' lol, great investment :-)
Yes, any time your wallet asks to you to claim, hit claim. Those are your rewards from authorship or curation. You earn those when you write a post and reply to posts. In the early parts of your Steemit career, replying to others tends to be the best bet on getting consistent rewards and building a following. This might be the best course for you since you have such great content. It is wasted since you have a small following and you only get to accumulate rewards for 7 days. Also what you could do to maximize your content is break your posts down into smaller posts and release them as a series over several days or weeks. To help build your following as well. Also, it is import to convert your SBD into Steem whenever you can through the market place and then power up with that Steem. This will make your vote more powerful as the amount of Steem builds. It takes about 30 Steem to be worth about a .01SBD per vote. One way to earn some return on your Steem is by delegating Steem power. I delegate 10 Steem power (which is Steem that has been powered up) to @tipu which is a voting bot. It pays me a small amount daily in SBD. I suggest you check out some articles buy @tipu and my buddy @mawit07 as well as @jerrybanfield for some advice on getting more value out of your account. Another good one is @fun2learn . There is really good stuff on there to grow your base. Also, check out @markmorrisjr and his dolphin school series, it was a kind of crash course in growing your account.
Powering down is the process of taking Steem that has been powered up and transferring it back into Steem. This process takes a while, like 13 weeks to complete. If you have enough Steem Power, powering down should not be a big deal because of what your Steem power produces in value for upvoting your own work. That is kind of where the money is made on this site is by having enough Steem power to upvote your own work and make money or attracting other high Steem power users to upvote your work. If you have any more questions, feel free to email me at [email protected]. I check the mail about once a day, but I do respond once I get there. I hope that helped.
ah, sweet man ! thanks for the very detailed reply, much appreciated !
Wait, what, you can upvote your own posts ?? Does everyone do that ? I didn't even know that was possible (or ethical lol).
One last question, is there some punishment for upvoting peoples comments ? Every time someone replies to me (with a decent comment, not spam) then I automatically upvote their comment as a way of saying 'thanks', or just to acknowledge that I'd read their comment. I don't see many other people doing that though, so wondered if that's frowned upon ?
Thanks again for your help dude, I'll check out those links you gave me asap.
Yes, you can upvote your own posts. Really only valuable if you have the Steem power to make it worth while. What it can do though is when you upvote your comments, it will push them higher up and make them more likely to be read by other users. The ethics of it are iffy. I have flip flopped on it. I look at it like a way of taking profits from your investment. It is ways to extract that built value from your account.
You don't have to upvote every comment as you have a limited amount of voting power to use. You can view this by checking out this link https://www.steemnow.com/@tradergurl. I put your user name in to make it look up your account. It is a helpful tool to use.
The one think I make sure I do is respond to every comment, positive or negative. Now if it is spam or a "I follow you, you follow me", then I don't bother. But I make sure that I respond as much as I can to all comments just because I feel that is important. Now other might not think so, but I it is something that I have placed a priority on. Now saying that, I don't post a ton of content so it is easy for me to do and I don't have a ton of follower or Steem power so people are not commenting on my work just looking for upvotes and resteems. Mostly people comment because they have read my work so I want to make sure I acknowledge that.
Cool, thanks again man. To be honest I only came here for the social side, I don't think I'll be giving up my trading account just yet for my Steemit account, currently valued at $0.44 lol.
I trade 1hr charts normally and trying to move up to 4hr and Daily, so I have a lot of time on my hands and thought it'd be good to meet some more traders and maybe help some new ones to get started and not ripped off.
I've already 'questioned' some of the terrible advice given by a couple whales so probably not long before I start getting flagged and downvoted anyway :-)
It takes some time to grow a steemit account, it really does. You have a gift for writing and you have a lot of good information. I think you will be fine in the long run. As long as your content grows and provides value, your account will grow in power. I look forward to watching you grow.
Thanks for mentioning me! I am glad to know that you considered my articles as good resource. Appreciate your acknowledge and support greatly!
You taught me a lot and still do about the forum and how to be successful the right way. I think that is an important and valuable gift you have given.