We're all here to earn. I do nothing but accumulate my stake at this point. I see no reason to sell at a low price like this. Fortunately, I don't even have to supplement my income with any income from Steem. But the truth is that we're all here to make money to a large degree, despite being active on Steem being the most pleasant way to make money possible for the vast majority of us. When are you planning to regularly take at least some of your earnings off the table and sell to cash out to buy stuff you need to maintain your lifestyle?
My plan is not to cash out or to start supporting myself on my Steem income for a very long time to come unless I'm forced to. Well, another possibility is irrationally exuberant speculation resulting in a mad spike in the price like last year. What I dream about is having hundreds of thousands or millions of euros worth of stake on day in the future, allowing me to earn something like €100-€150 per day (every day) before taxes. I wouldn't resign my day job merely because of a pump, of course. A true test of whether or not this could actually provide a reliable source of income is another bear market. What I'm hoping is that future bear markets will take place at a much higher price level and that my stake would be much higher at that point.
What is your plan?
Hello friend Markus. I can say in my case in particular it is very difficult to save, it is not impossible but it is difficult because the situation in the country does not allow it.
I must constantly be changing my coins to buy food or to pay some expense, however when I say that it is not impossible it is because in these last days I have tried to save in the following way:
When I manage to charge a publication seven days and for it I pay 0.023 sbd for example, I send it to my mom's account 0.003 and I do that with almost all the publications that I collect.
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Hi markku. I am not touching it and just powering up. Who knows what it will be worth over the next few years. The crypto market is different from other things and it is possible for a coin to go from one or two dollars to a few hundred dollars over a short time. It would be good to see something like that happen.
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Yes. Would you cash out if it pumped? Are you prepared for that possibility?
What I'm hoping is that STEEM reach a high and stable value in the future.
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I have been cashing out liquid steem and sbd, from time to time to buy stuff, but the steem power I have earned, I have never taken from it and it will remain powered up for a longtime.
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Your situation is different in the sense that the liquid rewards you earn right now go a much longer way in Nigeria than in Finland. So, it makes sense for you to do that.
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OK, I see.
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No plan just yet!! To busy to think about this! Perhaps I need a consultant! LoL
Posted using Partiko iOS
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