I'm currently packing my bags and it's a self imposed nightmare.
The constant feeling of forgetting something is a thing I have never been able to shake.
It's frustrating me a little bit because it's so irrational.
What can I possible forget that I can't acquire in London?
One of the biggest cities in the world!
All I basically need is my ticket, credit card and phone.
The rest is optional.
Thinking about it bit more I got struck by a cool thought.
Like Steemians that travel the world, with just a phone, a Wirex card and some Steempower.
Steempower to empower your blogging efforts and generate Steem/SMT's. (The more you have the easier this will be.).
A phone to make content with through cool mobile apps like Steepshot, Appics, Esteem and Partiko.
And a Wirex card to spend the earned STEEM that you converted for BTC through @blocktrades to pay for things.
Steempower plays a key roll here as well as the STEEM price.
It's so easy to see.
Steempower dictates how much Steem you can generate on average (stability factor) and the price dictates how much generated STEEM you will need in a day.
The higher the STEEM price the less Steempower you need.
The lower the STEEM price the more Steempower you need.
Or in numbers:
When Steem is $1000 and you have 1000SP you can generate 0,5 STEEM a day worth $500 a day.
When Steem is $1,40 (like today) and you have 1000SP you can generate 1 STEEM a day worth $0,70.
The balance will be different from person to person but I think it's a cool thought.
It's also easy to see that in the first example 1000SP is more than enough but in the second it's not for most.
It's one of the reasons I worked so hard to acquire Steempower.
Not for when the price goes up but for when the price goes lower.
And I know it takes a bit faith. (and nerves of steel, lol!)
But the ability to generate Steem makes Steempower one of the most powerful tokens in crypto in existence for me.
And once this thought got engrained in my head powering down became the one thing I knew I wanted to avoid at all costs.
Personally, I see it as the motor towards freedom and it makes it worth all the risk for me.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
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Puhhh, you are definitely one of the loudest voice when it comes to Steempower. And I have to admit that what you're saying about Steempower make me really think. For me, its essential no questions, but I am not sure if this asset will be one day really so crucial which convinced me today to take also a bit more risk. Acquiring Steempower via investing in my case.
I would really like to know what feeds your faith in that kind of matter? Why do you believe so hard in it? I mean you already have over 100k so many people would love to be in your position. It reminds me a bit to Christiano Ronaldo. He already won the ballon dor several times but he's hunting after more and more. This attitude made him one of the best two players in the world.
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Thanks for your detailed answer. Your passion and faith are felt in every single line. Especially when you put your own money into it.
And I get every point you mention. SMT,HF20 It sounds promising I would like to see one of them actually be implemented. As I know the SMT protocol should normally already be finished. But I guess we need more patient.
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Great points! I have just started to change my opinion about purchasing SP and not generating it via an organic method. I was pretty set in my ways about growing my account without infusing more into it. I realize now I am not only hurting myself, but I am also hurting those that I follow and upvote by doing this.
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Growing an account without investment at the start is very tough but it's the only way to earn STEEM risk free (besides time). I know I take (a lot) of risk by investing. I therefor don't recommend anyone to invest, I just share what I'm doing. I believe in this. I shared my whole journey from krill (July 2016) to where I am today. I do hope everyone that invest in STEEM understands what it is about and what they invest in.
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Good points. I typically don't invest any more than I can afford to lose. I kind of view crypto in general like a trip to the casino. You go not expecting to come home with anything, but the memory of a good time :) That being said, I have a lot more faith in the value of Steemit now that I have been here for about half a year vs. some random fun gambling.
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No question in my mind that I need to acquire as much steem power as i can right now because i do believe what you have mentioned in previous posts....
it’s gonna get a lot harder to come by!
but what’s exciting for me. regardless of steem is 1000 bucks or a buck forty like today...there is still massive value at any price (for me at least)
so even when it’s mooning, i’m still going to do everything i can to acquire as much as possible :)
Posted using Partiko iOS
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I’m right with you there Jon 🙌🏻 The more the merrier
Posted using Partiko iOS
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lol it’s become an addiction for me. get as much as possible lol
Posted using Partiko iOS
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I think you covered everything. You can buy what you need in London and Bianca can take everything you have forgotten. I wish you a great time in London and I assume you will talk about crypto and Steem with Ezzy if 'the girls' are not there! Do not forget that London has more to offer than crypto! Love mom!
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Awesome advice, @clio! :)
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Thank you! And we will keep that in mind!
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Amen brother, this was the best thing I read today,
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it's great to come back to such refreshing advice. i struck a deal last week with a friend and at the end he gave me a choice of giving up my steem power for steem to a particular account(not to mention). i was really confused weighing the value of my SP and how much steem i could make.
but this message reassures me to think far other than think wide.
SP i love
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I completely agree with you, my friend and the fact that the Steempower is for us an engine to freedom, makes our ecosystem even better and more promising. Of course, this requires a lot of patience and work, but you did it and thereby show everyone an example of how to conduct business and it's great. Well done! Thanks Mark
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It's working exactly how you've described it.
Don't worry about forgetting stuff. I was there too. You can always buy it on your trip.
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Thank you!
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You truly have nothing to worry about ...
If you forget anything, @ezzy will hook you up ... at least until Bianca arrives.
All you need is your ticket and a smile.
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That wirex card is the perfect link between the future and the present. That's the one you acquire recently, right?
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Yes, that's the one!
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Useful to remember this.
I'm getting closer and closer to my goal of 1000 SP. I wonder if I'll be there by the time you return from London. 😊
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Congrats you made it!
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Thanks you @exyle. I didn't realise I was so close when I wrote that comment.
I did a little happy dance last night but I think I'll crack out the bubbly this evening. I feel it's quite an achievement since it was all earned apart from 120 Steem. It was a long slog for sure. 😁
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Wirex unfortunately not available backwater countries like USA. 😏
But it does make me feel good to know that I could start thinking about quitting my day job if Steem stayed above $30 for any length of time. If it went above $50, it would be hard to not quit.
Better acquire some more SP just in case.
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Your SP easily puts you in the top 2000 of SP holders. The vision of Steem inc. is to get 100.000 entrepreneurs on the blockchain in the years to come. It's not a bad place to be.
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would you not think that getting steem into the different exchanges actually highers the price compared to holding onto it as steem power
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Could you explain your reasoning more because I don't follow. How would adding more of something on the market increase the price?
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The process of buying and selling perhaps? put it out in the exchanges and sell it, wouldn't that increase price (more quantity) ?
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Phone 100% is a must. If I travel, I usually take cash since I don’t like using my credit cards in unknown places. It might be a bit drastic, but that’s me.
I’m not sure if I ever powerdown. I know I can’t compare your SP with mine, but you would be surprised how many people with very low SP power down.
I also would add that today’s low rewards from low Steem price could increase once the Steem price rises again. It could take years, but at the end it doesn’t matter where the price is in between. As long as you keep doing what you do, you get nicely rewarded and your today’s rewards eventually increase.
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I think many underestimate the power of Steempower. But it's not up to me to decide what a person should or should not do with it.
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Have fun in London!
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Thank you!
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@exyle 😀
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If only people could see this low price as an OPPORTUNITY instead of being down on it and giving up on Steemit.
In 2016, I saw a Facebook post about someone who made $1000 by posting on this new website called Steemit. I think they were giving away a bunch and I thought it was BS and clicked away. BIG MISTAKE as I would end up waiting over a year to eventually join up. I'd be a Whale right now if I'd taken action. Look at this low STEEM price as a chance to join a promising startup and TAKE ACTION NOW!
source
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@exyle I think like you dear friend. The steempower is freedom or retirement insurance, I had in mind, until last year because of personal problems I had to turn off and today I am suffering the consequences, but not under arms and hope to rebuild my power.
excellent choice of trip, that you enjoy it very much
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I think there's no going back to the old system. It seems this crypto craze is definitely worth the risk for everyone specially when it comes to steempower and steemit in general.
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How cool would it be if shops everywhere started to except Steem, or online like with shopify plugins, etc. Then you wouldn't even need to convert to BTC. haha that would be epic! Sounds like you are in for a cool trip to London! I hope to make it there some day, definitely on my bucket list. Make sure to take cool pics and post about it, so I can live vicariously through your trip. LOL.
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Man it certainly takes balls to stick to blogging when the prices are dropping like crazy. This bear run has really been a litmus test for a lot of us and has proven to me those who are here for the long term or not.
As for me, I find it much easier to concentrate on earning as much steem as possible, no matter its market price. The fact is that sooner or later the prices will find new all time highs and then the whole cycle would repeat, albeit with new but higher-lows. Being here for SP and not dollars just helps me keep my sanity intact in dropping markets.
I have been a full time steemian for last three months and the pressure of looking at low prices is something that I'd just rather avoid and simply concentrate on earning more SP for the future.
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Your focus is correct, it's about the Steem tokens and not the dollar value. I kept blogging when STEEM went below 10 cents. Many left and sold their STEEM way too early out of fear.
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@exyle
I can appreciate what you are doing here. you've got placed inside the time to apprehend how this works. some may accuse you of taking a massive hazard. I see your decision as a calculated risk just as literally everything else in lifestyles is, so you can tell that to any nay sayers to your lifestyles. i have upvoted and sit up for seeing your destiny content.
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Very interesting point, I hadn't looked at the Steem Power like that before, thank you for sharing!
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You are welcome!
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I like your point of view and I really want to acquire some Steem. Unfortunately I'm just a student so I don't have any money to put into that. Personally I hope the price will stay that low for a few months because I will start working in October and will be able to buy some Steem.
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And, hopefully the good feelings of the future of Steem distracted you from worrying about your packing! And, your mom has excellent valid points too! Haha ..... enjoy your vacation!! Steem on!!
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"The constant feeling of forgetting something is a thing I have never been able to shake."
All it take is sitting down for 5 minutes to create a checklist.
You can use this list over and over again.
Have fun in London!
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Exyle,
Is it possible for you to go on vacation without checking the price of Steem?
I also wonder, the more Steem Power you own the more you would be interested in the price. Is this true?
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No it's not. I check the price very often also on Holiday. Just ask @bkdbkd it can drive her nuts :)
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Look for me to pull the trigger in the next day or so my friend. . Just transferred money to my Bank and then we will proceed forward. Cheers to Steempower and look for my next post, buddy :) I will be swimmimg by your side as a dolphin. You heard it here first :)
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Haha, nice! But please, be sure you are aware of all the risk involved and all that. It can be a crazy volatile experience. I'm sure I turned grey because of it :)
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Oh yes I hear you , Mark !! I do NOT put in any amount I cannot afford to lose.
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I’ve never reflected on this. But you have a good point “for when the price goes lower”
Thanks for sharing your thoughts with us and enjoy London!
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Don't forget your passport ;-)
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Ticket, credit card and phone, i say that's going micro, it's really awesome because you do not need the stress of carrying excessive luggages as well, these will definitely take you through
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An interesting way to see Steemit @exyle :) !
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Waiting for steem to moon
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safe journey brother,.
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Awesome post
Very encouraging
Bon voyage
Welcome to London
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Awesome post Very
Encouraging Bon voyage
Welcome to London
- moghul
I'm a bot. I detect haiku.
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Good luck with your travels @exyle and most importantly remember that it is supposed to be fun!
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Buen análisis. Para disfrutar hay que estar relajado y respaldado analizando bien las estrategias para no equivocarse.
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It always happens to me like forgetting something important and memories.
It's just like i don't want to remember but i have to remember but constantly forgetting everything that is not much necessary.
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its the power to hold i am trying my level best to but don't know will reach the ultimate level or not but one thing is for sure is that i am on my way
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Whoa a very good report regarding how SP can make you earn alot. Well i wanted to buy SBDs but you have changed my entire opinion. Got to learn alot from you. You are like a well wisher teacher to us beginners. Now iam moving towards my goal of buying lots of STEEM. Thanks for sharing. Have a safe journey in london.
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