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RE: A simple but powerful lesson: Don't split pennies.
Well, he put in a lot of money and a little effort.. So from that perspective it is a good job in terms of ROI... In using the platform as it is intended to be used is a less good job...
wow, So from that perspective it is a good job in terms of
ROI ,Return On Investment :)
You are right, this is more about investing money than post quality.
Wonder why so many people are in awe about that.
They are just happy to lick ass, this is how steem works.
Yes unfortunately it works that way. The bad thing about it is not that people make money the wrong way, but that people who were here to play by the rules get frustrated by seeing not much reward to their posts and a lot of rewards to useless posts, and then leave the platform.
True, I'm one of them and investing in STEEM is officially my worst mistake so far. I wish I could quickly withdraw my funds, but they are fucking trapped.
I am conflicted about that one too. I have not invested any fiat in Steem, just free faucet coins and rewards from posts. That is not the fastest way to let your account grow, but it feels like I can walk away whenever I want without really losing anything. But what to do with my SBD, turn it into SP and by doing that lock it, or just keep the SBD for who knows when and what. It is not a large amount yet, but it is growing.
Isn't it possible to "power down" SP back into SBD? I just started out and have been converting everything to SP cause powering up sounds cool but I will stop if it decreases liquidity. Also wouldn't it be possible to send your SBD to an exchange, sell it, and transfer the funds to cold storage or fiat? As opposed to just keeping it for who knows what? Sorry if these are dumb questions, have a nice day!
No not a dumb question. You can power down, but that is a long process, it takes months, a year I think.
Yes you can send STEEM and SBD to an exchange.
So it is not about there is nothing to choose from, it is more about do you take the risc to lock your money in the system and grow a powerful account quicker or do you take it slow and transfer SBD and STEEM to fiat or other coins.
Thanks for explaining. A year long wait is a lifetime in the crypto world, I think ill keep my .25USD of value in SBD : )
i am new in this platform, sir may i know how we invest in this platform and earn more.please reply
You can take a look at the transaction of every user by looking at their wallet. You will see they send huge amounts to several upvote bots. The bots will upvote for even more.
This is mostly done by people who can't make a decent post, but want to earn some money.
It is not what the platform was created for, but it does leave room to use it that way.