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RE: STEEM looking like a BUY on the 1 hour chart
Nicely done. The APY here on Steemit for just posting and voting is north of 60% current with SBDs so high and TRX moving up as well...
Nicely done. The APY here on Steemit for just posting and voting is north of 60% current with SBDs so high and TRX moving up as well...
When you say 60% what do you mean by that? In what time frame?
Because I thought if under normal conditions if a person just hogged their vote they would double their money in 200 days but then with SBD up and the additional TRX rewards it would be greater ???
Not based on my math. If you were to collect all 10 of your votes each day, you would earn roughly 24% on your money with SBDs at a dollar and not including TRX rewards, inflation on SP, or compounding. However, with SBDs where they are right now, that ROI jumps to something like 70% currently not including TRX rewards, and not compounding.