ROI on having Steempower has become dynamic + Steem price tipping point.

in exyle •  5 years ago 

With #newsteem there are so many new dynamics at play I want to share some of the onces I observed.


ROI on having Steempower has become dynamic.


Under the linear system, everyone that had Steempower was guaranteed to earn a certain ROI in STEEM.

I knew pretty closely what I would earn every week by upvoting the same authors and making two posts a day.

It didn't really matter what I posted. A vlog or an Appics. The payouts were always similar. Sometimes an Appics doing better than a vlog.

For stability, this was great and I did enjoy making the content. It was also a good reason for me to get more SP.

Same could be said for anyone delegating to a bid bot. Returns were always similar too. (Delegating to a bid bot was basically upvoting yourself 10x a day without the guilt.)

This has changed completely.

An Appics today with a circle vote would probably work for a while until the downvote system has taken care of the bigger problems on the platform.

But eventually, that downvote system is going to look for higher hanging fruit and those arrows are going to point to circles.

Voting circles don't have to go down to zero to change behavior.

Good curation returns 18% ROI for me currently.

Proof last 14 days:


Screenshot 2019-09-12 at 10.49.07.png


Weekly curation rewards:


Screenshot 2019-09-12 at 10.49.38.png


Bring a voting circle under that percentage (let's say 15%) and some will change their way and the circle breaks.

It's easy to see.

Voting bots are feeling something similar. Without linear, they cannot guarantee a certain ROI anymore. Unexpected downvotes and other factors are making the ROI dynamic.

In other words, you see the ROI go down across the board.

I saw a post by a Steemian asking why Dlease no longer offers +20% APR on leases.

Easy, what could be guaranteed before can no longer be guaranteed which means more risk and therefore a lower APR on a lease.

Is it bad, all that reduction in ROI for bigger SP holders?

No, I don't think it is. 18% for decent behavior (curating) that hopefully benefits the platform is still pretty amazing.

And for the absolute passive investor, 13-14% on a Dlease should be possible in the future on bigger leases is what I expect. Leaving some percentages for a good curator to also earn a decent sum too.

But STEEM is harder to earn. I expected this and talked about it so many times and it's unfolding now before my very eyes.

All of this will obviously feel a little bit better once the STEEM price recovers (especially in USD).

And that's looking pretty good actually.

If you haven't heard Steemit Inc. stopped their power down for now and will do so for a month.

That has improved the power-down statistics tremendously and I can't wait to post the result of that in 2 days on my powerup statistics report.

There is a chance, for the first time in years that the amount of liquid STEEM out there is going down this time.

That's would be a major event and a huge tipping point for Steem.

Without Steemit Inc. powering down there are only a few accounts left (that are currently powering down) that can make a semi dent in the liquid supply and the biggest account of those currently has a little over 400k SP left to sell (30k a week).

But more importantly, is the accounts that are powering up.

Many small accounts are powering up small amounts. Perfect for distribution.

This is part of a list from the last 24 hours.


Screenshot 2019-09-12 at 11.15.50.png

Screenshot 2019-09-12 at 11.19.00.png


Everyone that's buying STEEM today must know by now how hard it is to earn.

I expect that STEEM to be held much firmer than before.

I'm still hoovering up STEEM myself at these lows every single day by buying a little bit. So far it's working out fine.

And because everything is open on Steem, I know other people are buying STEEM today and even if the markets decide to take STEEM lower it will just be bought by more people until the scale flips to more buyers than sellers.

Personally, I hope all this will last for a while longer.

Hopefully even going lower so I can acquire more while I still can.



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I powered up 36,500 STEEM into a brand new account this week. Im ready for the next bullrun that's for sure 😎 got over 13,000 on this acct, over 6,500 I put into @Canna-collective and another 36.5K in @VIPservice 👌

That's some fantastic news coming. I have powered up a little like 4.5sps and am expecting the price to go down to accumulate more.

You are gonna be rich once steem goes to 10$

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Wow! More than 36 000 Steem. That is a huge amount. And expensive.
It costs $5840 USD even with the current (approximately $0.16 USD) price of the Steem.
My monthly income in real life is around $400 USD, so I would need to save my monthly income 14-15 times to buy this amount of Steem with this price.
I currently don't even have 1000 Steem Power, but I am constantly/regularly Powering Up.
Congratulations on the Power Up, and all the best! Have a nice day and have a nice weekend!

Yay, I found myself in the power up list you shared. haha 😁😁

Welcome to the list! I see you are also buying in a similar way as myself. Would you be willing to share your reasoning?

Well, I see a tremendous opportunity in Steem price now just as you do, thus, I've been selling my entire steemmonster collection and powering up(nothing to do with the game btw I just value the opportunity of Steem so much more at this price), dollar cost averaging and powering up, any spare money I got powering up, any tribe tokens I earn I convert to Steem and powering up. And, soooo much more.

Basically, I don't see any obstacle in my way to powering up Steem at this price. I guess I'm a huge believer of STEEM blockchain. ;)

  ·  5 years ago (edited)

You are not alone. Nowadays I am also Powering Up, but with very small amounts. Okay, I am not converting every tribe tokens that I earn to Steem, but I am still Powering Up.
Nowadays I am a minnow with currently (2019.09.14, 00:45 CEST) 646.193 Steem Power. Instead of buying Steem, I am trying to earn it by being active both as an author and as a curator.

Curation is the key now... But those who are newbies , don't have much sp , do you have any suggestions for them? Because it's really harder for them to survive...

The pennies they earn today could be worth dollars one day.. They say $5 worth of Bitcoin when it first launched would have been worth 100s of millions at it's peak.. So this is not investment advice, and I am not an investment adviser, but it seems like earn a little at a time and hopefully one day it will be worth a lot.

Ya I agree...

Posted using Partiko Android

Be consistent and don't give up is my best advice. Give it 2-3 years of hard work and see where you stand.

I hear the 'survive' argument a lot. Like Steem is Mortal Kombat. In my 3,5 years that I have been here, I have seen newbies make it and they are dolphins and even orca's now. Some give up. I don't know why it works for some and not for others. Just that it is like that.

If it helps I came here because I was tired of earning 1000 satoshis for 30 minute surveys so I came here when it launched back in July 2016 with no blogging experience, but I was able to earn crypto little by little, but even though I don't have a lot I still have A LOT more than I would have had if I never tried.

It,s hard for a newbie to survive for sure but one who is consistent and knows how to work hard can survive. I just stop working here on steemit but I use to read posts every day and now, I just bought 1000 steemit it is,t too much but I just want to work hard again to earn more steem.

Haven't stopped buying ever since #newsteem came in town.

Small buys but the add up fast

I was buying before #newsteem, but see even more good reasons now to acquire a little more.

+1

Weyhey! No i didnt here that stinc had stopped the powerdown.. How come only for a month? More confiring with the whales I suppose on the next move....

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https://steemit.com/steemdao/@steemitblog/steem-dao-ui-and-pausing-steem-sales

We will not be selling any STEEM this month. We have continued to improve revenue generation through ads while lowering our expenses, but we are still a long ways from covering our operating costs 100%. That being said, we have put ourselves in a position where we can pause programmatic selling, as we are this month. This is a very important benchmark for us because it was not something we were in a position to do just a few months ago.

Ooooo!!! I made a power up list!! :0D hooray! I have been energised by #newsteem and am gunning for Orca by the end of next week. Maybe sooner!

NO! So much power in the hands of Scotsman! Will Steem survive? Drunken Saterdaynight 17% stout downvote rampages? Good lord...

Hahaha, all of the drunken downvote rampages will be mine!! Saturday's will never be the same!! ;0)

spud (steem power up day)
and snid (saturday night downvotes)

Excellent. I do like a bit of organisation :0)

Steem is definitely hovering round 16 cent for more than a week now and I must say curating activities are increasing. Smaller accounts like myself wants to get a piece of the ROI and I reckon that's why they're powering up really and well bidbot may not loving the current curves I do believe this might establish equilibrium somehow. Amazing one @exyle. Great to see your activities all round.

I finally convinced my wife to put a bit in steem as well, she now has powered up 3k this week... I will put on curation trails and let it ride as she is a passive investor anyway

But STEEM is harder to earn. I expected this and talked about it so many times and it's unfolding now before my very eyes.

Yea, I remember you did mention this severally in your pre-newsteem posts. The harder it becomes to earn Steem, the more valuable it becomes. Cheers to new Steem on board!

We are still going down despite the buys, STinc halting their selling and all the optimism. Which means more sells than buys.

I also see a trend where the bigger boys are getting more, and the smaller the same as before (which means less due to the 50/50 now).

Personally I'm doing well out of the new regime, but I'm fearing a closed shop situation. For the good of the platform, and STEEM we need to encourage the smaller fish to invest more, and thus raise the price of the token.

Something I'm going to bring up during SF4. Are you going to Bangkok?

The smallest of the smalls are getting about 20-30% less per post and leaving in droves, @slobberchops. This is the part of the pool where I play and all places I post have 20-50% less participants than before the fork. I am winning all kinds of contests I never did before since no one else is there, so go me. I am doing somewhat better, most little fish are not.

I will be in Bangkok, for the STEEMFest dates due to my visa needs for Malaysia. But unless I win it, get more support on my posts, or STEEM moons, I will not be paying the conference fee and will be the roving reporter outside the venues. I have a few events and meetups happening outside of the official ones already, and cannot wait.

The smallest of the smalls are getting about 20-30% less per post and leaving in droves, @slobberchops.

This does bother me, but I still feel good writers will be seen. I try and promote good stuff if I see it, but I only have so much time.

I will not be paying the conference fee and will be the roving reporter outside the venues.

Having been to SF3 and knowing what to expect, I think you will find you may be on your own and out of it. It's a very sociable event but the first two days will be inside and closed to you.

It may seem expensive but you get all the trips included. These also will be off-limits to you to you. Food is also part of the ticket price.

I know a few other people who are going but not going. So hopefully we can entertain ourselves. I'm a nomad anyway, so I am always on my own and out of it. lol. I currently live in poverty in Malaysia. I am not holding cash I could otherwise spend on the fee. It does not "seem" expensive. It "is" expensive.

Here's a good redfish post I'm trying to boost today if you are interested. This is a great author, trying hard for 20 cents on each post. She is one of those who is not giving up at the moment, even though her posts used to get more.

https://steempeak.com/freewrite/@myjob/free-write-friday-prompt-a-break-for-us-all

It looks like someone just boosted one of her other posts, and she gets a lot of comments, so I think she is a winner.

@myjob is part of @steevc's #tenkminnows incentive and I follow the trail, so she gets votes from me on every post.

I'm so glad to hear that. I'm trying to push that place as well.

A short look at his voting history explains that pretty well. Maximzers jump onto posters they know will earn well to keep getting irrational ROI numbers. New accounts get less than before, because voting them is considered a waste.
Long way to go for minds to change to do good for all of the platform instead of hunting percentages. If it's even possible.

If it's even possible.

The last sentence stuck out. It's tempting to do this and I have my share of people on auto-vote at 4 mins to max curation too.

I do plenty of manuals as well, and ensure I find and support a new or low value post daily. If everyone did this, maybe we would see a change.

I also see a trend where the bigger boys are getting more, and the smaller the same as before (which means less due to the 50/50 now).

I low-key noticed the same here. Although for myself, payout per post has increased, to my surprise.

Watching steem price still hurt tho.

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  ·  5 years ago (edited)

hope you don’t hate me😊🙏🙋🏻‍♂️ Why dont you powerdown and spend it with something makes you happy

  ·  5 years ago (edited)

haha! Because you do that when it's high. Plus its investment money, not play money.

Ok Hope you are seriously happy in general.

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I couldn’t agree more, I am loving the effects of this HF 21-22 !
Now I feel we are in a good spot to onboard new users, either curators or writers !
Power Ups are outpacing power downs in the past week, this is a first. 🙌

"Everyone that's buying STEEM today must know by now how hard it is to earn." - This is without a doubt the biggest factor after the last hardfork.

One of the things that really makes me hopeful is seeing how the redistribution is going on under the radar.

💯 Agree on you... As time goes by, Steem will be harder to earn similar to Bitcoin. Back in the days, it was easier to earn 1 Bitcoin in one day. Bitcoin is only a penny and only a few people have the interest of earning it. Steem will be soar in price one day when people realize it is harder to mine for the truth than Bitcoin(Censorship Resistance). Great read!

I’ve been tossing up powering up some
More Steem. Usually that’s when it all goes to shit or if I don’t power up it’ll go to the moon.

Definitely harder to earn these days if not fully immersed on what is going on which is tough to get used to but really makes sense as it feels like that is how it should be for an asset rhat is as powerful as Steem. Wish I could have earned more before this all started but guess that purchasing will be the easier route for now.

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  ·  5 years ago (edited)

good read exyle. same, still buying

Those are some very interesting statistics. It is awesome that so many people are powering up and it is cool to hear that Steemit Inc is not going to be selling any of their Steem this month. I think I already commented on your other post about that though.

I hope to be on your list next, as I have powered up almost 4000 Steem this week. I was able to reach break even with another crypto, so I exited that position and instead of celebrating I rolled it into Steem. 😊

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Some people were saying that delegators to bid bots would be undelegating, powering down, selling and leaving because passive investment would be less profitable. Are there any indications of that happening?

It's clear that from a PoB perspective, Steem is now better than before HF21. But could we be in for a bit of a dip when people looking for easy ROI dump? Not that I see why anyone would want to dump as it is very easy to earn 70-100% of one's vote value by autovoting. With even crude models based on some analysis of past voting behavior of various voters, it should be possible to tweak autovoting to get even higher rewards.

I have seen the effects already from #newsteem, with the whales that can show what earning on steemit is about like yourself through their manual curation. @trafalgar has apparently been going through some gaming content, in which I received a $4 upvote from his main account (which I did not expect to see).

I will be working towards powering up a little more again soon which while only small, I did get 80 steem powered up today, and will soon start cashing out DEC from steem monsters for additional little bits.

The price of steem I feel will go up soon, with everything happening and it would be refreshing to see it etching up towards the $1 mark again, slowly but surely. :)

Is a good improvement on the steem blockchain

Do you know the ROI for delegating to curator projects? to they beat 18% ?

Curation projects focussing on finding undervalued content will never be able to beat this number. The returns stated here are only possible by automating votes to get on authors that regularly do well with their posts as close to the 5 minute window as possible. I would even say that's not curation at all, just profit optimized voting.

I don't know. So far I only know of 1 such project and that is https://steemit.com/@curangel. I'll keep an eye on it.

What great insights on dlease. Maybe i‘m overconfident and super exited, because i just took some video of random people and talked about social media. Doing this in june and july i noticed that at least 10% more people already heard about steem now. It might be that we will get a couple of huge waves soon and the steem price will just shoot up at once. I can see a couple of power downs, but one of the next three waves will probably stabilize the steem price at a few times it’s current price. What we are facing now reminds me of people back in the days, when there were people who didn’t know what a URL is or how to use a search engine. Someone needs to do workshops and show people. I find steem much more intuitive than EOS and more raw and genuine. I think we are already seeing epically low prices to buy steem now. Even if we would get to bargains of 8 cents, the true value is so much higher if one thinks about steem’s potential if we already had the users we needed. The potential to take a lot of google, facebook and many more market segments is already evident. I also wonder if anyone sees how we don’t stand in anyones way and potentially worked ourselves around building infrastructure capturing a large piece of the BAT cake and what they are trying to capture with the Brave browser? Steemians could already print business cards, title themselves as blockchain consultants and on board businesses to invest, stake for voting power and tokenize using the engine as side chain. The excitement permeates since #newsteem!

I Love that Term "HOOVERING IT UP" Great Job @exyle

Gracias @exyle
Muy aclarador tu post sobre la nueva forma en que Steemit esta cambiando el ROI

I'll buy and power up more as I do now with steem hitting the bottom. Btw, your words are encouraging!

Hi, @exyle!

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Hi,

Greetings from Germany
// 1,2,3, good mood //

ROI ROI ROI meh... How many planktons, minnows, small dolphins you are curating?

Reasonable analysis! After HF21, the incentive for holding SP raised obviously.

I expect that STEEM to be held much firmer than before.

Yes!

In the long run I am very confident about this platform.

The amount of SP versus total steem supply is still below 65%. Too much steem is buried yet on exchanges.

Bye the way, thanks a lot for supporting my blog.