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I missed #SPUD, I was working away for two days, with early starts and long train journeys and three intense, complicated meetings, one with the Greater London Authority. The GLA building in Union Street is like a space station inside, awash with people.
I missed the local elections as well, and didn't learn the results until this morning: even without my vote Leicester has 53 Labour councillors and 1 Liberal Democrat. The sole remaining Conservative, who lives around the corner from me, lost his seat. A bit sad, as he was the Lord Mayor this year.
I see from Asher's SPUD post that 979 accounts powered up 145,431 STEEM, compared with an average of 106,304 for each day in April:
Date: 5-1-2019
Unique account power-ups: 979
Total number of power-ups: 1364
STEEM powered up: 145431.6950
In April, an average of 106,304 STEEM was powered up every day with the average number of accounts powering up each day being 832.
The largest power up day was the 5th April with 301,184 STEEM transferred to vesting, and on the 17th April, 1100 unique accounts powered up some STEEM.
I haven't worked out my average power up or anything fancy like that. Pretty much everything I've earned has been powered up and I've been investing for nearly a year now.
My first few forays in buying STEEM were a bit hit and miss, with the prices falling every time I made a purchase which was a bit disconcerting. Then I developed a buying plan: I have a set amount of fiat that I set aside each week, and I buy whatever STEEM I can for that amount.
The best purchase was 135 STEEM, and the lowest has been about 40 STEEM. But I don't worry too much about that, I just buy my STEEM each Saturday morning (just like when I was a kid and we got our pocket money and I went and chose a comic and some sweets).
Occasionally, during the week, if the price has dropped really low, I might buy an extra fiver's worth - the price of a coffee and a bun, or a glass of wine and a packet of crisps. That's one of the things I've enjoyed - that you can buy very small amounts of STEEM - a couple of pounds here, a couple of pounds there.
I have a buying plan to reach 10,000SP. Thanks to the opportunity to boost my earnings through @ocdb I'm growing a little faster now than I expected, and all being well, I should reach my target in a few week's time.
Last week I wrote about delegating SP: there are a number of good reasons for doing that, pretty much all of them are about growing the platform. I delegate to some activities because it brings a return to me; but in doing that, I'm helping to grow new initiatives and businesses; and to grow a bigger middle class by enabling bigger votes spread more widely across the platform. For someone like me who doesn't have a lot of time to spend on STEEM, that's a good way of managing my investment and helping the platform.
Yesterday, I read that we've reached 2,000 Dolphins, which is fabulous news, and the #tenkminnows and #maybeaminnow initiatives started by @steevc will help us grow the number of minnows.
I have about 900SP delegated to different initiatives to help grow smaller accounts, and many thanks to @pennsif, @toofasteddie, @slobberchops and @crosheille and other friends at @needleworkmonday, for administering these community accounts: it makes it easy for investors to support others with delegations.
I have now fulfilled my delegation plan for the time being, so additional investment and growth will go towards increasing my dolphin voting power, which is a very nice place to be. About a third of my VP is used to support regular contributors to the platform; a third I keep for manual curation, and a third for voting for comments on my posts.
One of the things I've really enjoyed is how the numbers of comments on my posts are growing. That's been one of the best things, really. Sometimes there are only two or three, but more often, conversations are moving into ten, eleven, twelve comments and for some posts, twenty-five to thirty comments. It has taken a long time, but it is really good to see.
The thing I'm starting to think about now is developing my selling plan. I have an objective: to maintain my SP stake while recovering my FIAT investment. It will be interesting to see if that can be done. Possibly a lifetime's work.
I like your plan on always buying a little every Saturday it takes alot of the thinking and guess-work out and because of people like you @shanibeer who also keep buying is how I know at some point even without any major success with apps the price will rise hope you reach your 10.000 goal soon lets keep on growing.
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😊
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2000 Dolphins?I didn't know that, I figured it was still stagnating. Good to hear. Hope your getting some of the other crypto's too. As much as I love STEEM, be careful of the eggs in one basket scenario.
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Hello chops, nice to see you :)
I'm glad you raised about the other cryptos, because I have been thinking exactly that. It's one of the things I'd like to talk about at SteemCamp next Saturday.
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I didn't realise chops was logged in! Got some SBI income at least due to you :) Yes, it can be a talking point, not all my crypto is STEEM.
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Hehe, I thought that was what had happened :)
The great thing about steem, for someone like me (and, I imagine, many others), is that it provided a way into this crypto world. I've learned so much in the past nearly two years. Plus, diversifying is another post :)
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This was a great article @shanibeer! SPUD was the first time I have powered up my account. Makes me think about my next steps and how I can invest more for the long term. Thanks for the info! 😊
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Congratulations on the power-up! It always feels good to pass a new landmark :)
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Thanks for Spud-ing with us!
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😊
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The sell plan for me is a ways away, too. But I'll tell you mine. Power up everything on the way to orca status, which I estimate will take three years. Once there, get comfortable, try to continue investing at a rate that grows my SP by at least the inflation rate, but consider everything above that to be income. Or maybe I never have to sell a dime for fiat because everyone will happily accept crypto.
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I like that plan!
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I'm so impressed with your plan and how you're sticking to it @shanibeer.
I've made a couple of plans since I've been here but the I keep chickening out with the changing prices.
Your slow and steady is the best approach I think. 😁
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Thank you @gillianpearce :)
I think it can be really unnerving, I find having a plan relieves me of all that tension. I'm looking forward to the next stages - selling and diversifying. But I think it's all about learning :)
How are you? Have you recovered from all your festivities? All of that is nerve wracking, too, isn't it? I loved your coping plan with the jigsaw, though, excellent idea.
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I'm well thank you @shanibeer. I'm think I'm over the shell shock I felt when the festivities ended.
We're looking after the grandchildren this weekend so that will be a good "coming down to earth" experience. 😁
Maybe when I've invested longer it will be easier but since the price got really low and has now gone back up a bit, I've not bought any crypto. I'm sort of waiting for it to go down again which, of course, it may never do. As you say, sticking to a plan takes away the tension from that trying to micro manage it. 😁
I've been toying with the idea of joining you next weekend, not so much the Steem aspect, but just to meet up with you all again. Talking about other cryptos and selling plans makes it a little more tempting.
Maybe I could bring my knitting and a jigsaw to do when you're all engrossed in Steem talk. 😂 😂 😂
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It would be lovely if you came, I would be so pleased to see you!
I'll be taking my knitting. My days of sitting around in meetings are long gone! I'm interested in the future, really, diversifying ;)
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Those are my kind of spuds :)
I have been wondering about trying to diversify. STEEM was almost the last to move during the previous bull run, and so based on that (which means nothing for the future) it might be a plan to try to hold some others too. Tough when you are on a small budget.
Good luck with your plans :)
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Hi there, hope you're okay, I've been following your adventures :)
I'm hoping there will be a good conversation about diversifying at SteemCamp next week. We'll have a couple of Steemians who already know about it, and it would fabulous if @nanzo-scoop turned up (I may have to go to a London meet-up to catch up with him, though).
At least, I hope I will learn enough for a post post-steemcamp :)
It is a difficult on a small budget, I agree, but I think that sometimes that's a better place to start planning from.
Good luck with your plans, too :)
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It is nice to watch steem grow. Quite easy to track yer powerups on steemd.
I missed the elections too..totally didn't clock they were early May!
Mostly independents here now apparently.
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Yeah, I've got them on a spreadsheet. I just wasn't going to do any arithmatic :)
Never mind about the elections, you've got another go on 23 May!
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If the Steem blockchain grows and prospers over the next few years, we could reach a point where liquid rewards would be a significant income stream. You could then be able to never power down. 😎
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That's my plan :)
But also starting to diversify.
One of the great benefits of the blogging platforms is access to other people's thinking about investing etc.
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I hope that small investors like you will do well in the long term. I believe that depends on growing the community, which you are helping with. I invest far more time than money.
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I know, I'm often amazed at how much time you do put in! We can each do a little bit.
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You got a 35.57% upvote from @ocdb courtesy of @shanibeer! :)
@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 20 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.
If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)
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I also missed SPUD, being away for a week without internet. However I have powered up quite a bit (relatively speaking, considering my financial position) in the past. I also kept some liquid STEEM for the purpose of recovering my Fiat investment at some point.
I was forced to sell my liquid Steem a few months ago, simply because I needed the money. A few weeks later, when my finances were looking healthier, I bought back into Bitcoin, intending to re-convert it back to Steem. Bitcoin then started to rise, and rise... then I was forced to sell it again, netting me about £200 in profit.
If I bought the Steem I'd sold at the current price now, I would still be at least £200 up - however I currently have too many bills to pay. If the Steem price stays low or falls further over the next few weeks, I'll be able to buy back in without making a loss.
I'm not really a big fan of speculation, and in any case it's kind of a win-win situation because if the Steem price starts to rocket, I still have a reasonable investment in it. It's just about playing a waiting game really.
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