People keep asking me Greg, so how does Steemit work?
How can you earn by just joining and posting?
Well here is a nice simple perspective.
The easiest way to understand how Steemit works is to think of it this way.
Steemit should be thought of as company in which when you join, you become a "shareholder."
As a shareholder in Steemit, you are rewarded with Steem Dollars and Steem Power, (these are liquid assets which can be exchanged for Bitcoin and further exchanged for Dollars, Euros, etc). Steem Dollars and Steem Power are rewards for your investment in the company, just like any publicly traded company. (Again these are liquid assets).
The more you invest in the company, in the form of content/posts/time, the more you earn.
It is the same as holding shares of stock in company XYZ.
Steemit rewards you even further by incentivizing it's members to keep their investment within the company, thus helping it grow. Again just like Apple, Microsoft, Walmart, etc.
The more your Steem Power grows, the more you will earn.
Moreover, the more Steem Power you gain, the more you can help others earn by upvoting on good content.
In summary: being a member of Steemit is the same as being a shareholder in a publicly traded company where you earn for your investment (content/posts/time) in the company. Moreover, the greater your stake in the company, as your channel grows, the more you can help new "investors" by upvoting on their content.
It is really that simple.
Gregory Mannarino
His explanation of it makes it so easy to understand. I'm having a lot of trouble convincing friends of mine that Steemit is legit. These words are very helpful, thanks!
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Agreed! I've found some of the blogs on what Steemit is to be a bit 'woolly'....
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not all wisdom from the street will be good
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true, but Greg is reliable!
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Congratulations @marketreport!
Your post was mentioned in my hit parade in the following category:
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Great presentation Greg. I like his KISS formula. Keep it Short & Simple!
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I bet he's just fishing for KISSes, hey? Hahahaha! :)
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Short, simple and to the point as always Greg. Very well explained.
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Absolutely right Greg that's why I followed your advice and joined. I just passed 25 followers in 5 days and just wrote a post with all proceeds going to SP to power me up higher so I can then return the favor. It really is that simple.
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Thank you for explaining it as a "Share."
Very thorough explanation. Keep Steeming On my friend!
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You are awesome.
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Gregory,
Thanks for the clear explanations of how this all works.
As you said above:
"The more your Steem Power grows, the more you will earn.
Moreover, the more Steem Power you gain, the more you can help others earn by upvoting on good content."
Can you say anything more about how to generate Steam Power? I'm still not clear on that side of things.
Thanks,
--Bill
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I need help there too
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cool, thank you for continuing to post on how steemit works. very helpful! If any of you reading this enjoy photography and other topics please have a look at my posts and follow me. Thanks!
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I am trying. Please share it.
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Cool stuff. Hope i will do it like you
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Once again you are the Man! Taking the time to explain it to us. I join because of you and I thankful for the info you post! DR
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Short, simple and to the point as always Greg. Very well explained.
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Ah ha! More helpful info! Thanks again for keeping us in the know. Enjoying this site very much by the way!
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Great summary. You are always looking to inform others in the simplest way possible. Much appreciates.
Keep them coming!
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Very interesting way of seeing it... I like it... I am
a shareholder to a company... Oooh Yeah 👍🏾👍🏾
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Thanks for saying that.
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No problem. I appreciate all your videos and post. I've been watching you on youtube since I believe
in 2011. I agree with most of the info you share like 98% of it. Keep up the good... Gregory Mannarino "For The People" 😁
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Greg is so genuine in his execution of things...he is passionate about helping his fellow human. We listen to him daily. Thank you Gregory Mannarino!
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If you knew him a couple years ealier you'd learn how to make big on blackjack. Each decade it's virtue I like the 2017 Mannarino! :)
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excellent as always.
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Good and simple explanation that how it works. I think it will be stimulate newbies to be more active users.
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Thank you Greg for this clear & concise introduction to Steemit. I just listened to your interview on the X22 Report Spotlight and gained even more insight from that interview about cryptos & how Bitcoin is not in a "bubble" because it is not widely held. I had never heard that description before but it made perfect sense. Thank you for waking up my brain cells, I may have even more than one functioning brain cell now.
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After following you for years now, I am posting my first comment to get my first dollar :)
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Thank you for the explination. Very helpful
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You're the man Greg!
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Thanks for the very clear explanation. Very helpful, as always.
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Simple explanation. It doesn't cost you anything to participate so why not participate.
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It is a lot like that and the witnesses (miners) are like board of directors. Pay attention to witness updates they are gonna tell you what's happening behind the scenes and what's coming next.
Nice post.
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Thanks for the explanation and comparison to a shareholder in a traded stock company. I wish there were others in the city that I live in who I could talk with about Steemit. I feel like I am the only one out there in my town.
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Just wow marketing 101 so much to learn dang
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Hi Greg! I don't have a bitcoin account, but is it possible to use Steem like bitcoin? Can you turn your Steem into $ or you have to go bitcoin first?
Can you get Steem for $ ? ....
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Thanks Greg! Full Steem ahead!!
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Simple explanation! I got into Steemit after hearing about it from you. Thank you Greg!
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Thank you and very helpful!
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Thanks for giving a clearer understanding of how steemit works.
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Great little article. So glad you ventured over this way! Inspiring to see the community grow~
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Thanks Gregory. God bless.
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Greg, thanks for explaining this. I have been signed up for a long time, but I forgot about it. I hope it draws traffic to my websites. I'm struggling to post pictures with my "Submit a Story." I guess it's a learning curve....I'll get there. My website for respiratory therapists, smithseminars.com, is so unique that I don't know how much traffic will be generated. My website shopmyplexus.com/debharr is for everyone and I hope it generates traffic so my can build my team for my retirement objectives to be met. Thanks again for the help.
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but if you want to be in the trending page, prepare to pay for bidbots, unless you have a significant amount of voters with high SP
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Hey Gregory! Been following you for awhile on youtube, keep up the good work!
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I like the way you explain things/ make it easy to understand. That was the very reason i subscribed to you on youtube and now again on steemit. Love it, keep up the great work man.
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That all makes sense, but the missing piece for me is "yes, but where does Steem get its money?"
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Have you seen this? Click here: https://steemit.com/steemit/@marketreport/how-can-you-earn-by-simply-joining-and-posting-on-steemit-by-gregory-mannarino
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Had to share this one on the old FB. Thanks for breaking everything down like only few can great work
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Thank you!!
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Very well explained. Let's wake up everyone. People need to understand how easy this is, so this one is also tweeted.
https://twitter.com/NWOforum/status/863859408832540673
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Thank you.
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NWO Forum tweeted @ 14 May 2017 - 20:51 UTC
Disclaimer: I am just a bot trying to be helpful.
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Thanks for explaining Greg!
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Anytime.
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Thanks Greg Great Explanation
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You are very welcome.
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Amazing platform for your work! Nice to see you here! :)
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Glad to be here. Thank you!
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Joined steemit from your youtube videos Greg. Thanks for sharing all your videos and thoughts with us!
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When will you come out with your views on the market my friend?
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Thanks Gregory for all your work, account was approved today! Like 1 minute AGO!!! :D
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Glad you like the crypto
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Been a fan of Gregs YouTube channel for a while, still learning this but if Greg says it's good I'm in.
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Tank you Greg, because of you i found this wonderful Platform to help you and others to spread truth to the world. Keep going to be a nightmare for the corrupt banking Elite. Stop the wealth transfer form ordinary people to the leading 0.1%. Warn the masses that very difficult times are ahead.
I will join you soon with my first post spreading truth and debunking the MSM.
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When is greg hunter and dave going to come on here greg? Im going to talk to few people to get them on here. Happy mothers day hope all is well Greg
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Once more Thank You for your time. PEACE...
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Makes sense now!
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Is Steemit really legit though?
I myself have a hard time wrapping my head around it too.
Check out my blog people too, for Price action advice.
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You earn here by 'mining' attention. You create and curate content. It definitely works and there's no real catch.
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Thank you Greg
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When established investor with your reputation makes regular contributions advising to run with Steemit, you know it's a good thing.
Thanks again Greg
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Thanks for clarifying! Making steemit so easily to understand.
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I like this explanation. Keep it simple and post good stuff.
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Hey Gregory, I keep getting the same question from friends when I talk to them about Steemit. Where does the money/steem come from in the first place? Most of them just can't get past that question and when I try to watch or read information on it, it goes over my head! I read it is created when an upvote is made but I can't wrap my mind around it let alone explain it to someone else. Until the Federal Reserve, God was the only being able to create something out of nothing! All my friends say skeptically, "You let me know if you ever actually spend any of that money, then I'll think about it."
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Well said Gregory! I also just finished my introductory post here...
https://steemit.com/dumb/@buckethats/they-trust-me-dumb-fu--s
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I saw your initial video about Steemit. I only joined because you thought it was a good idea. I've been reading and reading all the simple explanations I can find, and I still have no idea. Thanks for all you do, and for caring about people enough to steer us in the right direction. Thanks for letting us follow along as Steemit lemmings.
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I've been following Greg for awhile now, and I don't know much about the markets, but he has a gift on explaining how things work.
Thank you so much for sharing your brain with all of us!
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Thanks Greg, I have shared it on my facebook page as i couldn't explain it to friends
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Thanks for breaking it down Greg.
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Thanks Greg need all the help I can get, computer illiterate.
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Hi Greg,
Here I am on Steemit as per your suggestion
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Hey Greg, did as you recommended and joined up with Steemit! Why NOT? Free steam money is AWESOME! 2003harleyguy
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Glad you are here.
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Now to learn how to make things work here!
Hope you're doing OK! Thanks for your enlightening videos Greg!
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Helpful as always.
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Resteemed it! I will use your explanation from now on, thanks for that!
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Greg.... i finally got on here and plan to start some good conversations on here. Ive listened to 1000s of hours of podcasts from many in your circle as well as every video you produced for the past 3 years.
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That is a hardcore greg fandom there.
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He has been pretty accurate everytime and seems to try and help everyone. Yeah im a GM junkie lol.
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Thank you once again. I always appreciate your blogs. Not really a sheep, but maybe a lamb finding her way through the myriad of lies I have been told previously. Wait until I become that raging ram!!
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Keep up the great work! Thank you Greg!
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Greg, thanks for turning me on to steemit!
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great post
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Could you explain the advantage of buying STEEM POWER?
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Thanks for ALL this information.
Do you play the piano too?! - Amazingly blessed; gifted and talented; wise with understanding. Chances are - can't go wrong here.
Please, everyone, LISTEN!!!
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Awesome explanation Greg, thank you for sharing! It makes sense from the way you described it, in shareholder and investing perspective! :) Thumbs up
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I appreciate you saying that!
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No problem Greg @marketreport ...your way of thinking and analysis about economic news and investing are simple and clear, it's well appreciated by all who follow you and so do I :) Looking forward to more of your posts~
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