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Hello, Steemians, greetings to you, and welcome to my post. I trust you are all doing very fine and having a nice time with your loved ones. It interests me today to take part in the contest organized by @simonnwigwe on the topic "If you are given a delegation of 500k SP, tell us what you will do with it?"
If you are given a delegation of 500k SP, tell us what you will do with it. |
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We already know what delegation means on Steemit. It simply means giving you the power to support other users by upvoting their posts. Knowing this, if I am given a delegation of 500k SP, I will use it to support quality posts on Steemit. By supporting other users posts, I will be earning huge curation rewards.
When you are given delegation, you cannot delegate it out to another user or withdraw it, which means the only thing you can use it for is to support other users, which is exactly what I will be doing if given a delegation of 500k SP.
Will you continue blogging, or will you only concentrate on curation? Justify your answer. |
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I will continue blogging and curation. The reason why I will continue blogging is that I love writing, and blogging has been what I have desired to do. Blogging gives me so much joy, and I am happy about it. Whenever I post a quality post that people can learn one or two things from, I do love it.
I will continue blogging to earn more rewards and build my Steem power very fast and in a bigger way, so I can support users even after the cancellation of the 500K SP delegation. A real businessman will continue blogging to earn more rewards.
Do you think a normal blogger just like you and me can achieve this milestone? Given the reason why or why not. |
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Yes, I think a normal blogger like you and I can achieve this milestone. The reason why I say we can achieve this milestone is that on Steemit, we can choose to buy STEEM from an external exchange and send it to our wallet for power. To this end, no one knows what tomorrow holds for him or her. Tomorrow, you may find yourself controlling wealth, and you may wish to invest part of your money on Steemit. With this, achieving this milestone is very possible and fast.
The easiest way for you and me to achieve this milestone is to invest in our Steem power and not depend on only blogging for other users to upvote our posts. There are hundreds of thousands of users that have more than 500K SP of their own. These users accumulate their SP via investment, which is the key to financial freedom. In a nutshell, with investment, it is very much possible for you and me to achieve this milestone.
If the delegation is to last a year, predict your growth at the end of the year on the platform based on the delegation. |
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Firstly, let's take a look at an account that has 500K SP and see how much the account is earning monthly based on just voting on user posts. In the case of Steemcurator05, the account has 623,461.98 SP (101,483.04 + 521,978.94) as shown below.
The monthly valuation of the account is 3,994.03k SP.
In my own case, if I am given 500K SP, I will have 513,565.31 (13,565.31 + 500,000) Now, looking at this with my constant voting of users, I will be earning over 3,540.04K SP monthly. Then, at the end, I will earn 42,480.48K SP (3,540.04 ×12) as Curation Rewards.
I am inviting: @pelon53, @ebeke, and @yakspeace
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Your post has been successfully curated by @franyeligonzalez at 40%.
Thank you for your committed efforts, we urge you to do more and keep posting high quality contests for a chance to earn valuable upvotes from our team of curators and why not be selected for an additional upvote in the weekly list of Top Contests.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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