Why you should keep posting even if you get low rewards
We recently had HF19 and it apparently made some massive changes to our voting power and posts payouts.
Many of you may have noticed a drop in your potential payouts on your posts, which has led to a lot of complaining and pointing fingers at the whales for taking all the profits.
I heard people saying all kinds of things these last couple of days. Some wanting to take a break from Steemit and others contemplating a complete stop to do other things.
I kept telling them to relax since HF19 has only been in effect for less than TWO WEEKS, and that’s hardly a measurement for how things will be in the future.
Well now, it seems that things might not be so bad after all.
@penguinpablo just made a great post on why your potential payouts are going down. Check it out it’s good reading.
- He argues that the main reasons for the decrease in payouts is because of a decreasing reward pool and a rise in recent_claims because the whales have started voting again.
https://steemit.com/steemit/@penguinpablo/here-s-why-your-potential-payouts-are-going-down
@gamerveda also came up with some possible answers that can help clarify this mess.
- He points out that the posts payouts don’t take into account that the price of Steem fluctuates and that the SBD isn’t pegged to the Dollar, which gives some inaccurate amounts on the potential post payout.
https://steemit.com/steemit/@gamerveda/the-real-story-behind-the-fluctuating-steemit-payouts-explained
I know a lot of people have questions about these drops in potential payouts, so thanks for clarifying guys. We all appreciate the work you put into these posts.
And with that out of the way I would like to address some of the critique people have towards Steemit and HF 19
My main concern is that some people start panicking as soon as they see the potential payout of your posts go down. I get it, it’s unpleasant and you are disappointed. So was I, and I respect how you feel about it, but remember we are still only in Beta and the developers need to test out what’s the most efficient and fair way to run Steemit.
No system is perfect, but we are a part of something that could potentially be the next big thing in social media. No one promised you big earnings or that it wouldn’t be a bumpy ride. So please, I ask you all to have faith and be patient. I’m sure things will work out in the end and we will have the greatest social media platform in the world.
Keep posting even if post payouts decline
I have only been here for a very short time, so maybe I shouldn’t be lecturing about this stuff. I’m aware of that and I try to be humble about it, so if I come across otherwise please accept my apologies and let’s move forward.
I see people here making anything from 5 cents a day to thousands of dollars a day, and I have heard stories of how earnings fluctuate wildly over time.
It’s crazy, and it may seem unfair, but remember your earnings are relative to:
• Market prices of Steem and SBD
• Your skills as a poster
• Your number followers and their vote power
• Your own vote power
• And perhaps a hundred other factors I can’t figure out
It’s difficult to say that any one thing is responsible for your decline in post payouts. It’s probably not just HF19, It can be a number of different things.
Those who are truly successful here have put in the work necessary work in order to be in that position. They don’t own their success to some hardfork, they carved out their own success. You can do the same. So keep working, even if your post payouts should only be about 5 US Dollars a day.
That’s 1.825 US Dollars in a year. It sure beats sitting in front of the TV doing nothing for an entire year, if you ask me.
I haven’t even taken into account the potential rise in the price of Steem. Let’s just say it doubles in the coming twelve months, that would earn you 3.650 US Dollars in a year.
And then there’s the interest you get if you convert your profits to Steem Power.
I won’t tell how much it is because I think you should calculate it for youself. Simply enter your Steem Power and number of days and se what kind of magic happens :)
https://jscalc.io/calc/KcEkRo6qv2s8CM6S
Owning Steem is the same as owning a stock in a company. And you should see yourself as an investor who has been given the opportunity to shape how you would like Steemit to become. I call it an active ownership investment where we are all partners.
So don’t stop posting, and don’t post for just the rewards. Posting on Steemit should be a fun experiment where we all interact with each other and create something beautiful along the way which should benefit us all in the long run. We need to have new posts coming out regularly, and we need interactions to further the development of Steemit and our investment in it.
Do you want to chat with other Steemians and have your posts promoted on several media platforms? Then click the links and drop by Steemit Blogger Central
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Great read! Oddly enough I've started to post more since the Hardfork. I have also noticed quite a few people asking for follows in the comments of posts that are doing well and not upvoting the post. I understand the anxiety of declining payouts but that should be more motivation to work hard and continue to post content. That's if the potential of this platform doesn't motivate you enough.
I have noticed an increase in asking for followers too, and I can't figure out if it's just because so many new Steemians join or some other reason.
Keep posting that's the thing ;)
This post received a 3.2% upvote from @randowhale thanks to @cryptodan! For more information, click here!
Well written and thank you for linking to my post too!
Absolutely agree, just like anything else in the crypto space, or with growth of new platforms there are euphoric highs and depressing lows. As long as we are consistent and focus on developing ourselves, our content, our relationships, and help others to do the same we're only strengthening the fundamentals of our community.
So that means when we hit those euphoric highs again, we'll all be benefiting like never before.
Wonderfully done, very positive in tone, the way I like to read content during the brief downturns in the crypto space :)
Thank you for your uplifting and generous comment @gamerveda.
We are all on a journey here in crypto space and no one knows were it will take us.
But we all hope that it will take us somewhere great.
We shouldn't feel entitled to money or success, it will only take away the true beauty that is the journey in it self :)
nice
Incredible article my dear friend @cryptodan. Yes the main goal is to keep posting and keep ourselves positive. I don't post here for money as my first objective but to share and learn. I learned a lot about crypto currencies and alt coins since I joined steemit in December last year.
When it comes to payout I don't compare mine to big accounts but to the accounts which will be created in the future like two hours down the road, two days, weeks and years to come.
That's very kind, it means a lot coming from you, so thank you @mathworksheets.
It's so great to have this platform where we can share knowledge and learn from each other.
I'm sure you will prosper here my friend ;)
Yes my friend @cryptodan, there is no match for steemit. I am thinking of another account named accountant or accounting where I can share my accounting skills and post the templates I created and use for household budgets, income statement, balance sheet, cash flow so and so. It is great so great that I have no words to explain the greatness of steemit.
What a great idea!
I believe that many people are struggling with household budgets, it's especially important to teach this to the younger generations :)
I am looking into creating this account!
Good advice @cryptodan. Sometimes I want to just post a data chart of my posts over this past year so people will see you may need to post consistently for months before you even see more than $1 on a regular basis.
With steem higher than it was last summer, times are actually quite good for us, especially newcomers.
I've heard that it was quite tough going here last summer, so I'm glad were over that at least.
You should totally do a post on that, maybe throw a introduceyourself tag on it as well :)
upvoted man,, great post,,, yes we need to be patient and really focus on quality of our work.
Thanks, I'm glad you see it that way to bro.
If we all do that, well forget about Steemit going to the Moon. Then there would be no telling where we would end up, perhaps another galaxy :D
Upvoted and Resteemed by the xx_Votes_Plus curation trail! Want more earnings? Follow @dropahead in Streemian https://streemian.com/profile/curationtrail/trailing/396 and/or fund @dropahead with more STEEM POWER! Keep steeming!
On Rewards
Like the 10 minute offering solicitation in the modern church, we on Steemit have have a laser like focus on the return on Steemit efforts, i.e. rewards that we receive on Steemit,solely in terms of money. @cryptodan
We've bought into the Google AdSense model of monetizing the internet for content creators & thrown curation into the mix as well.
We've not managed the expectations of newbies: Make money; get rich on posting on Steemit.
Steemit is more than monetization
More than AdSense glorified on the blockchain
1. _Assign a value_to the interactions I've had with people from Sylhet, Bangladesh, Armonk, NY & Caracas, Venezuela on one post.
2. Price in the learning opportunities that I've had from people with different cultures, languages, goals & freedoms & financial standing.
3. Monetize the opportunity to make the world a better place for everyone.
4. Wearing my copywriter's hat, Steemit has catalysed breaking both writer's block & creative inertia in me. If I aspire to produce at least one Steemit piece per day that I am proud of, over & above, promotional pieces for friends & clients, I need to focus. No dawdling, in the guise of inspirational serendipity.
While, I don't anticipate that I will be able to make a living off Steemit, like @sweetsssj, in the near future, making money is not the only reason that I'm on Steemit.
Was Paul McCartney a prophet for our times?
Thank you for this post, it's crazy how so many people are threatening to jump ship over getting...less free money than they got 2 weeks ago?
This is an amazing social media platform that has the BEST and most supportive community I've ever seen and I think that the money incentives will keep it that way. People have to like you on this site if you want to make money, and most people hate trolls, idiots, and genuine assholes.
Where else are you going to find a platform whose internal logic naturally discourages trolling, and rewards forming positive and genuine relationships?
Steemit all the way, and thank you for the interest rate calculator, super helpful.
Because we can get anything for free and suddenly we feel entitled. It's sad! I completely agree with you!
Yeah, the platform has a funny way of preventing those types :)
Thanks for your input ;)